Non-fungible tokens, more commonly known as NFTs, are unique digital assets that represent ownership of something distinct and scarce. Unlike regular cryptocurrencies or fiat money, these special assets cannot be mutually exchanged for one another because each one carries a unique value based on its distinctive traits and attributes. In essence, NFTs are digital tokens that symbolize ownership of a specific item, whether it is a tangible or intangible asset such as artwork, a soundtrack, a collectible item, an in-game item like an avatar, or even real estate.

When it comes to acquiring these tokens, there are specialized NFT marketplaces where they are listed and traded. These platforms function similarly to e-commerce websites like Amazon or eBay, but instead of physical goods, they …