NFT

NFT stands for Non-Fungible Token, which is a type of digital asset that is unique and not interchangeable with other assets. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged for one another, each NFT represents a distinct and one-of-a-kind item, such as a piece of digital art, a video game item, or a music album.

NFTs are created using blockchain technology, which provides a secure and decentralized way to verify ownership and authenticity of the asset. Each NFT contains a unique digital signature that serves as proof of ownership and is stored on a blockchain ledger that is accessible to anyone.

On TaskOn, an NFT is usually used as a reward to users.