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A non-fungible token (NFT) can be a financial security consisting of digital data stored on a blockchain. 

The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded. 

NFTs can be created by anybody and require few or no coding skills to be create and minted on a platform.

NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible.

Proponents of NFTs will argue that they provide a public certificate of authenticity or proof of ownership. 

More than just art, NFTs are now gaining new and exciting use cases: 

•Blockchain game - NFTs can represent in-game assets, such as digital plots of land. Some commentators describe these as being controlled "by the user" instead of the game developer if they can be traded on third-party marketplaces without permission from the game developer. 

•Music - In February 2021, NFTs reportedly generated around US$25 million in the music industry, with artists selling artwork and music as NFT tokens. 

•Film nfts are beginning to be used in the release of digital posters to promote films. Some motion picture and documentary film have already been auctioned as an NFT for example.   

•There is also a quickly growing new trend, where NFT are used to invest in a project’s governance 

So, in essence NFTS cannot be divided into an infinite number of parts. Unlike Bitcoin or other cryptocurrencies that can be split into infinitely small pieces to be traded, NFTs are held and sold as whole entities, and these can contain more unique information like videos, pictures, music and allow the creator to assign value to it.  Therefore, NFTs are ideal for recording and storing ownership of digital products including artwork games and collectables.