Non-fungible tokens, or NFTs, have experienced an unprecedented resurgence in popularity beginning in 2021 and continuing into 2022
A NFT is a unit of data, or a token, stored on a blockchain that’s unique, and not interchangeable with other tokens the way cryptocurrencies like Ether or bitcoin are interchangeable (fungible). Like cryptocurrencies, NFTs are owned by the owner of the private keys of the wallet in which they reside. In this way ownership is provable and immutable. ERC-721, proposed in January 2018, was the first standard for representing non-fungible digital assets on Ethereum. Now this technology is available on Fantom Network.