How does NFT work for beginners?

If you're just starting out in the world of cryptocurrency and non-fungible tokens (NFTs), you might be wondering how NFTs actually work. Well, let me break it down for you. NFTs are unique digital assets that represent ownership of something, whether it's a piece of art, a collectible, or even a real-world asset. Unlike traditional cryptocurrencies like Bitcoin, NFTs are not interchangeable, meaning each one is one-of-a-kind. When you purchase an NFT, you're essentially buying a digital certificate of ownership that's stored on a blockchain, a decentralized ledger that keeps track of all transactions. This certificate can then be bought, sold, or traded on specialized marketplaces. So, in essence, NFTs work by allowing digital creators and collectors to monetize their work and assets in a secure and transparent way. Does that help answer your question?