Token or NFT
is a token stored on the blockchain, that represents proof of ownership over a digital or physical asset. Their non-fungible nature ensures that no one can copy or substitute them. This non-fungible nature of NFTs makes them unique.
NFTs are sometimes sold for exorbitant prices, with the costliest NFT being a series called as ‘The Merge’ by artist Pak. These were sold for $91.8 million.
However, a few NFTs are also airdropped or rewarded to users for certain tasks, instead of being sold. One such example is a real-estate based NFT
by iOWN Token that offer real-estate based NFTs for staking on their platform.