What are non-fungible tokens (NFTs)?

Non-fungible tokens (NFTs) are unique digital assets that represent ownership or proof of authenticity of a particular item or piece of content. Unlike cryptocurrencies, which are interchangeable, each NFT has a distinct value and cannot be replicated or replaced. NFTs have gained popularity in the art and collectibles space, allowing for the tokenization and sale of digital artwork, virtual real estate, and other unique digital assets.

What is Bitcoin?

Bitcoin is a digital currency, also known as cryptocurrency. There is no single entity that owns and operates Bitcoin. It is a completely decentralised platform where users can send money to each other online over a peer-to-peer network, with no central point of control. Bitcoin is the first payment system that allows the migration of institution-based money to network-based money.