Glossary > Non-fungible token (NFT)

Non-fungible token (NFT)

What is an NFT?

NFT means non-fungible token. An NFT is a blockchain-based crypto token authenticating a unique piece of work.

NFTs are collectibles. They represent unique pieces of work represented by a digital token. They rely on different blockchains such as Ethereum or Tezos.

Famous NFTs are for example CryptoKitties or CryptoPunks. They have started to get very popular in 2017 with the general boom of cryptocurrencies. Since then,$174 million have been spent on NFTs.