NFTs are unique digital assets with several distinguishing features.

• Unique identification and metadata
• Stored on a blockchain
• Proof of ownership and provenance
• Non-interchangeable and non-divisible like conventional assets
• Represent real or digital goods and rights
• Useful for identity, collectibles, and digital ownership records

The value of an NFT lies in its uniqueness and the claim of ownership it provides on a public blockchain, even though the underlying file may still be copied.