Introduction to Non-Fungible Tokens (NFTs) In recent years, a new form of the digital asset has taken the world by storm: non-fungible tokens, or NFTs. NFTs are unique digital tokens stored on a blockchain, a decentralized digital ledger that records transactions. Divergently cryptocurrencies, including Bitcoin, are fungible (meaning that each unit is interchangeable with another), and NFTs are non-fungible, meaning that each one is unique and cannot be replaced by another. A number of factors have driven the rise of NFTs. First and foremost is the increasing cultural value placed on digital art and other forms of digital media. With the lofting era of social media and the internet, more and more people are consuming art and other creative works in digital form, and NFTs provide a way to authenticate and monetize these works. By attaching an NFT to a digital artwork, the artist can prove ownership and authenticity and sell the work as a one-of-a-kind asset. NFTs have al...