Non-fungible token; NFT

A certificate of the right to a digital copy whose current owner and possession history have been verified using blockchain technology.

Reference to the ownership of an item is usually by web link. The owned item may be a digital work, property, art object, building, degree or a company’s share. The rights enjoyed by the owner depend on the contract between the seller and buyer of the NFT, which can include intellectual property rights, such as copyright, property right or right of possession. Some NFTs sold through centralised intermediary services do not contain any legally recognised rights, as their legal status remains unclear.