NFT - (Non-fungible Token) type of tokens that exist in a single copy and represent a tokenized asset of the real world!
Benefits of NFT
When an artist or creator issues an NFT, it is a special type of cryptographic token which represents something unique. These NFTs are based on ERC-721 Protocol and ERC- 1155.
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Nonfungible tokens prove ownership of a digital item – image, sound file or text – in the same way that people own crypto coins.
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Unlike crypto coins, which are identical and worth the same, NFTs are unique.
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An NFT is worth what someone is willing to pay for it, which can be a lot if the NFT is made by a famous artist and the buyer is a wealthy collector