What are Non-Fungible Tokens (NFTs)?

Non-Fungible Token (NFT) is a blockchain-based digital asset that uniquely signifies its owner. For example, any digital data e.g., images, songs, etc. can be minted as NFTs. Recently, huge transactions are taking place in buying and selling of digital arts as NFTs. In the future, this technology will evolve towards other applications like land ownerships…