NFT

Non-Fungible Token, a unique digital record on a blockchain that documents ownership and provenance of a digital or physical asset. In the art market, NFTs have been used primarily as a mechanism for establishing and transferring ownership of digital artworks. The NFT market peaked in 2021 and contracted significantly by 2023 - 2024. As provenance infrastructure, NFT technology continues to be used by artists and platforms working in digital media.