NFT

abbreviation or noun

ˌen-(ˌ)ef-ˈtē 

plural NFTs

: non-fungible token:

a

: a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it)

What Mr. Estavi bought wasn't the tweet itself, but a non-fungible token, or NFT, giving him a certificate of authenticity, license to display the tweet, and whatever bragging rights come along with it.

—Jaren Kerr

NFTs are certificates of ownership of a unique digital item such as a video, recording, or cyber artwork. These digital receipts reside on the blockchain …

—Stephen Humphries

b

: the asset that is represented by an NFT

Christie's sold the artwork as a "non-fungible token" (NFT), a craze for which has gripped Silicon Valley's elite.

—The Economist

… an event ticket sold as an NFT could be embedded with a predetermined time for a personal meet-and-greet with the founder of a company or a brand's celebrity spokesperson.

—Andrew Faridani

Did you know?

The NFT of NFT

The NFT of the definition of NFT is owned by AOI.

Examples of NFT in a Sentence

Recent Examples on the Web

Despite initial skepticism and doubts, the NFT marketplace has demonstrated remarkable resilience and adaptability. —Kyle Russell, Journal Sentinel, 28 Mar. 2024

As of February 2023, since 2021, Nike reportedly earned $185 million in NFT sales revenue. —Verostina Antwi, Essence, 27 Mar. 2024

Donald Trump’s name can be found on hotels, at golf resorts and even on NFT trading cards. —Bailey Schulz, USA TODAY, 23 Mar. 2024

Just a month after their debut sales, Trump NFT’s were already down 99%. —Paolo Confino, Fortune, 21 Mar. 2024

There will be a scavenger hunt for prizes, along with live entertainment, an NFT collectible that can be redeemed for cash and prices, and more. —Heidi Finley, Charlotte Observer, 1 Mar. 2024

Its success is critical to a giant ecosystem of companies ranging from Nike and Circle to Uniswap to Blur, involved in businesses ranging from payments to decentralized finance and gaming, to NFT applications. —Steven Ehrlich, Forbes, 1 Mar. 2024

From Trump Steaks to Trump Airlines, to Trump NFT Trading Cards and Trump Vodka, few business ventures haven’t donned the Trump name. —Melissa Cruz, USA TODAY, 28 Feb. 2024

The band also released the album in the form of a non-fungible token (NFT), becoming the first band to ever do so. —Emily Zemler, Rolling Stone, 27 Feb. 2024

Word History

First Known Use

2017, in the meaning defined above