What is an NFT: in simple terms
NFT (from English non-fungible token) is a unique digital asset that confirms ownership of an object: an image, video, music, a virtual item in a game, a document, and much more. Unlike regular cryptocurrencies, each NFT is one of a kind and cannot be directly exchanged for another token.
How does it work?
NFT exists on the basis of blockchain technology — a decentralized digital database where all transactions are recorded. The most popular blockchains for creating NFTs are Ethereum, Polygon, Solana, and Ton.
When an NFT is created (this process is called 'minting'), a record with a unique identifier, owner, and a link to the digital object appears in the blockchain. This token can be sold, gifted, or listed on a marketplace — for example, OpenSea, Rarible, Magic Eden, or GetGems.
Where are NFTs used?
Digital art — artists sell their works as NFTs.
Games — in-game items can be bought/sold as NFTs (for example, in The Sandbox or Axie Infinity).
Collectibles — such as digital cards, memes, items from well-known brands.
Music and video — artists release tracks or clips with exclusive access through NFTs.
Proof of rights — tickets to events, membership cards, documents.
Can you make money from this?
Yes, but it is important to understand the risks. Some people buy NFTs at an early stage to sell them later at a higher price. However, the market is very volatile, and not every token will increase in value. There is also a way to 'farm' NFTs — participate in free giveaways (airdrops), contests, or test projects to receive tokens for activity.
It is important to remember
NFTs do not always store the file itself, but only a link to it.
Buying an NFT does not necessarily grant copyright — only the right to own the token.
There are many scammers: always check official sources and do not connect your wallet to suspicious websites.
