ELI5: what is NFT

An NFT is like owning a unique digital sticker that nobody else can have.

Imagine you have a special drawing you made. You're really proud of it! You could make copies, but then everyone has the same drawing. An NFT is like putting a special sticker on your original drawing online, that proves it's the real one and that you own it.

Think of it like this:

• Trading Cards: You know how some baseball cards are super rare and valuable? An NFT is like a digital baseball card that only one person can truly own. Even if someone copies the picture on the card, everyone knows your digital card is the real one.
• Artwork: The Mona Lisa is a famous painting. Lots of people have prints of it. But only the Louvre museum has the real Mona Lisa. An NFT is like owning the real digital version of a picture, song, or video.
• Receipts: When you buy something, you get a receipt. That receipt proves you bought it. An NFT is like a digital receipt that proves you own something unique online.

• Someone makes something digital, like a picture or a song.
• They create an NFT for it, which is like a special code that lives on a shared computer list called a blockchain.
• This code says who owns the item.
• When someone buys the NFT, the code changes to show the new owner. Everyone can see this change on the blockchain, so it's very clear who owns what.