What are NFTs?
Non-Fungible Tokens in play-and-earn
NFT is the acronym for Non-Fungible Token. These are types of tokens, but they are non-fungible, which means that they are always distinguishable, there aren’t two alike.
Anyone can purchase and own an NFT and its value will fluctuate over time, according to market conditions.
NFTs can be anything, but they’re always digital. There are NFTs of paintings, tweets, gifs, photographs, and game characters, among many others.
NFTs are perceived as collectibles, which adds to their value. In blockchain gaming, however, things are a bit different. Most play-and-earn games have characters that are NFTs and besides their uniqueness and collectible value, they are also useful to the game itself.
More details about NFTs and their role in play-and-earn games may be found here.