Non-Fungible Tokens or popular known as NFTs, are non-replaceable units of digital data stored on a blockchain, that can be sold and traded typically through cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. Most popular NFTs could be in the form of music, a video, a digital baseball card, an in-game item, or a virtual art or image. What makes NFTs unique is that each one has a digital signature that can’t be exchanged allowing owners to prove ownership as well as they being original limited editions of artwork via a digital signature. In recent years NFTs have taken digital marketing by storm with auctions for digital assets in the form of NFTs. Projections estimate the global NFT sale is expected to reach some $80 billion by 2025.
