Non-fungible tokens, or NFTs, have become a hot topic in the world of digital art and collectibles. But what exactly are they, and why are they so valuable? Introduction to NFTs A blockchain, a decentralized digital ledger that allows for secure transactions, stores NFTs, which are unique digital assets. Unlike fungible tokens, such as cryptocurrencies like Bitcoin or Ethereum, each NFT is one-of-a-kind and cannot be exchanged for another item of equal value. How NFTs Work Minting NFTs on a blockchain creates them, giving them a unique identification code and storing them on the blockchain. The blockchain serves as a permanent and tamper-proof record of the ownership and transaction history…