What is a NFT?Updated 2 years ago
An NFT, or Non-Fungible Token, is a unique item that cannot be swapped on a 1:1 basis with another, i.e. it’s one of a kind. Typically, NFTs are digital assets, such as digital art or a digital pass that grants access to a network. In the case of WineChain, it's a digital asset backed by a physical asset—a bottle or case of wine.