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NFT Explained In 5 Minutes - What Is NFT? - Non Fungible Token - NFT Crypto Explained - SimplilearnA non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. NFTs or Non-Fungible Tokens are a kind of cryptocurrency that represents a one-of-a-kind digital asset or unique piece of artwork. Fiat and. A cryptocurrency is a virtual or digital currency that is secured by cryptography, making it almost impossible to double-spend or counterfeit.