NFT is blooming. Naval’s insightful viewpoints about NFTs as follow:
An NFT is a unique, on-chain token representing ownership of an off-chain asset. The token is backed by a social contract from its creator and a surrounding community. By assigning a unique token to a thing, its ownership (not the thing itself!) becomes programmable, verifiable, divisible, durable, universally addressable, composable, digitally secured, and easy to transfer. Bitcoin and other completely on-chain assets are provably scarce - scarcity is enforced by code and distributed consensus.