Non-Fungible Tokens: A Review

Non Fungible Tokens (NFTs) are among the most promising technologies that have emerged in recent years. NFTs enable the efficient verification and ownership management of digital assets and therefore, offer the means to secure them. NFT is similar to blockchain that was first used by the cryptocurrency and then by numerous other technologies. At first, the NFT concept attracted the attention of the digital art community. However, NFT has the potential to enable a plethora of different applications and sce We present a review of the NFT technology. We describe the basic components of NFTs and how NFTs work. Then, we present and discuss the different applications of the NFTs. Finally, we discuss various challenges that the NFT technology must address in the future. © 2018 IEEE.