What is meaning of term ‘Blockchain, NFT’?

Blockchain and NFT are buzz words in the technology industry today.

Blockchain corresponds to a distributed database that maintains a continuously growing list of ordered records, called blocks. These blocks are then linked using cryptography. A blockchain thus serves as a decentralised distributed and public ledger that is used to record transactions across many computers.

NFT stands for non-fungible token. As it is non-fungible, it cannot be replaced or exchanged for something of identical value. Basically blockchain tokens representing unique digital items. NFT allows you to buy and sell ownership of unique digital items.

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