What is NFT?
Last reviewed 2026-05-03
Used by: OKX NFT
Entity coverage: 1 protocol, 0 tokens, 0 chains reference this concept.
A non-fungible token is a unique on-chain asset, typically ERC-721 or ERC-1155 on EVM chains. Use cases: digital art (Punks, Bored Apes), in-game items, domain names (ENS), tickets, and tokenized real-world goods.
How it works
A non-fungible token is a unique on-chain asset, typically ERC-721 or ERC-1155 on EVM chains. Use cases: digital art (Punks, Bored Apes), in-game items, domain names (ENS), tickets, and tokenized real-world goods.
For deeper protocol-level mechanics, see the related glossary terms below or the linked DeFi Intel topic deep-dive.
Why it matters
NFTs codify ownership of digital scarcity: art, identity, in-game items, tickets, real-world goods. Underrated as a "primitive" beyond the JPEG meme.
Real-world examples
CryptoPunks, Bored Ape Yacht Club, Pudgy Penguins, Art Blocks, ENS domains, Gods Unchained cards.
Related terms
Go deeper
Read the full DeFi Intel topic deep-dive or browse the complete crypto glossary.
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