All terms
A non fungible token, a unique onchain record of ownership.
Most tokens are interchangeable. One USDC equals another. An NFT is unique, with its own identifier, which lets it represent a specific item: art, a ticket, a domain, a game asset or a deed.
The image itself usually lives off chain. What is onchain is the record of who owns which identifier, and a pointer to the content.
ENS names are NFTs. So are Uniswap v3 liquidity positions, because each has unique parameters.
That the image is the NFT. The token is a record pointing at the image, and where that image is stored decides whether it survives. Plenty of collections point at a server that stopped paying its bill.
Common questions
What do I actually own when I buy an NFT?
Where is the image stored?
Where to go next
More culture terms
Want this explained out loud?
Some of these land faster in conversation than in writing. Sessions are one to one and you can ask anything, including the things that feel too obvious to ask.