Simply put, an NFT (non-fungible token) is a digital collectible or item that is unique and has exactly one owner, guaranteed and visible to everyone. NFTs can represent any digital asset like art, audio, videos, items in video games and other forms of creative work. We’re also excited to bring NFTs with offline tie-ins, for example, a new music track NFT which gives the owner a backstage pass to meet the artist, or a WPT poker NFT that grants an entry into the next physical tournament.
From a more technical standpoint, an NFT is a unit of data on a digital ledger or distributed database called a blockchain. Each NFT represents a unique digital item, non-divisible and is therefore not interchangeable.