Digital Assets: NFTs are digital assets that can represent various types of media such as artwork, music, videos, tweets, and even virtual real estate.

Blockchain Technology: NFTs are stored on a blockchain, which is a decentralized digital ledger that records transactions across a network of computers. The blockchain ensures the authenticity and uniqueness of the NFT.

Ownership: NFTs allow for verifiable ownership and provenance of a digital asset. The blockchain ledger provides a permanent and tamper-proof record of ownership.

Scarcity: NFTs are designed to be scarce and unique, which adds value to them. Unlike cryptocurrencies, each NFT is unique, and no two NFTs are the same.

Transferability: NFTs can be bought, sold, and traded just like physical assets. Blockchain technology ensures that the transfer of ownership is transparent and secure.

Smart Contracts: NFTs are often created using smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into code.

Marketplaces: There are various NFT marketplaces where people can buy and sell NFTs, such as OpenSea, Rarible, and Nifty Gateway.

Overall, NFTs are a way to represent ownership and uniqueness of digital assets in a secure and transparent way, opening up new opportunities for creators and collectors in the digital space.