An NFT token (non-fungible token) is a unique digital certificate, which is stored in a blockchain, guarantees the originality of the item and gives exclusive rights to it.
NFT tokens cannot be imperceptibly tampered with, split or replaced. This system secures the rights to a unique object, a work of art, a music album or an artifact in an online game.
Speaking simply, each record in a blockchain is called a token. In an open blockchain, all tokens are, like coins of the same monetary value, equal and interchangeable. That's how cryptocurrency money works: for example, one bitcoin can be easily exchanged for another, and nothing will change.
But Non-Fungible Token (NFT) technology is a game-changer and works differently. A non-fungible token is a digital coin that cannot be replaced with another token without changing the value and essence of the object.
This is why the play-to-earn gaming experience has been a real revolution among gamers around the world, giving players access to the real economy and giving them an incentive to earn real money. This model has become available through the generation and sale of NFTs, creating public interest in crypto-gaming projects.
The numbers confirm this. NFTs trading volume reached $54,58 billion in the 2022.