Plain English
An NFT is a non-fungible token — a unique crypto asset that represents ownership of a specific item: art, music, a collectible, a domain name, a deed.
How it actually works
Unlike Bitcoin (where every coin is interchangeable), each NFT has a unique identifier on its blockchain. Most live on Ethereum as ERC-721 or ERC-1155 tokens. Ownership is recorded on-chain; the actual content (image, video, file) is usually stored separately and referenced by the token. NFT marketplaces (OpenSea, Blur) facilitate trading.
What it means for you
The 2021 NFT boom was largely speculative. The structural use case — provable digital ownership of unique items — still applies in narrow domains: tokenized real-world assets, on-chain identity, deeds. For most members, NFTs are a curiosity, not a core position.
We treat NFTs as one application of tokenization. The deeper curriculum focus is on tokenized real-world assets and tokenized equities — where the same technology produces meaningful financial use cases.
Educational content only. Not investment, tax, or legal advice.