NFT stands for non-fungible token — in other words, a unique digital asset. Cryptocurrencies, like Bitcoin, are made up of fungible tokens: all the tokens are the same and can be traded like for like. An NFT has a one-of-a-kind quality. There may be multiple NFTs in a collection and there may be similarities between them but no two NFTs are exactly the same.

NFTs are popular in the art world as a way for artists to regain control of their artwork. Anyone producing digital art – be it video, music, GIFs, or collectibles – can mint digital objects as proof of rarity and uniqueness.

Async provides artists and musicians with the tools to create interactive and generative visual and audio NFTs.


See also:

What can NFTs be used for?

What types of NFTs are there?

Did this answer your question?