An NFT is a digital asset that exists on a blockchain, a record of transactions kept on networked computers. The blockchain serves as a public ledger, allowing anyone to verify the NFT's authenticity and who owns it. Enthusiasts see NFTs as the future of ownership, which is the most important pillar of social needs. All kinds of property – from event tickets to houses, from a photo to a speech – will eventually have their ownership status tokenized in this way. For content creators in particular, NFTs could solve the problem of how they can monetise their digital masterpieces. NFTs enable them to earn their rightful compensation, as they can get a royalty each time the NFT changes hands after the initial sale.