Non-fungible tokens (NFTs) are unique digital assets that are cryptographically tokenized to establish verifiable ownership on a blockchain. NFT platforms leverage blockchain technology to convert various forms of digital media—such as images, videos, music, and designs—into NFTs. Beyond just tokenizing assets, these platforms also facilitate the buying, selling, and distribution of NFTs. Both businesses and individual creators use these platforms to create, market, and monetize their digital content. Some NFT platforms include a "launchpad" feature, enabling creators to raise funds by selling assets before they are publicly released. Others offer e-commerce tools to help users build online stores for selling NFTs. Additionally, most NFT platforms integrate with cryptocurrency wallets, allowing customers to purchase NFTs using digital currencies like Bitcoin or Ethereum. While NFT platforms share similarities with asset tokenization platforms, which also provide proof of ownership tokens, there are key differences. Tokenization platforms can generate various types of tokens, many of which can be altered or sold in parts. NFTs, however, are inherently immutable—once tokenized, they cannot be changed and must be sold as a whole, indivisible asset.
© 2025 WebCatalog, Inc.
