Non-Fungible Tokens (NFTs) are unique, digital items with blockchain-managed ownership. Examples of NFTs include digital art, collectibles, virtual reality items, crypto domain names, ownership records for physical assets, and more.
Don't get overwhelmed by the idea of fungibility, it's just the ability of a good or asset to be interchanged with other individual goods or assets of the same type. A simple comparison of fungible, semi-fungible, and non-fungible assets is pictured below.
For more information on NFTs, read our CEO's ever-popular overview.