Yes, NFTs can be bought and sold like any other asset. NFT stands for “non-fungible token,” which means that it is a unique digital asset that cannot be exchanged for something of equal value like Bitcoin or other cryptocurrencies. NFTs are stored on a blockchain network and represent a one-of-a-kind asset such as digital art, videos, music, or other collectibles. When someone buys an NFT, they are buying the ownership rights to that unique digital asset, and they can sell it later for a higher price if its value increases. The transfer of ownership is recorded on the blockchain and cannot be altered or duplicated, ensuring authenticity and scarcity. Therefore, NFTs are becoming increasingly popular in the art world and other creative industries where authenticity is essential.
