For those who don’t know, NFTs or (Non-Fungible Tokens) are virtual tokens that act as certificates of ownership for digital assets. Meaning people with an NFT can claim ownership of a digital asset associated with it.
For instance, if you purchase an NFT digital art online, you will receive an NFT that certifies you own the art. The record of your ownership is recorded permanently on the blockchain, and just like physical art, you can sell or trade the art to others.
Due to these reasons and more, the interest in NFT development skyrocketed in 2020. People worldwide now use NFTs to buy, trade, and sell artwork, collectibles, music, and even real estate.
And some top game developers are now using NFTs in games as well.
The possibilities are endless.