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A non-fungible token is a unit of data stored on a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. It means that NFTs are unique. They cannot be duplicated or replaced - only one token can exist. Ethereum allows users to easily store, create and send NFT tokens, therefore the Ethereum network is the market leader.
NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. NFTs are frequently used to sell a wide range of virtual collectibles, including NBA virtual trading cards, music, digital images, video clips, and even virtual real estate in a virtual world. In this case, NFT technology allows us to create and store unique horses as NFT tokens. Each horse is different and has its own unique characteristics. Later on, horses will be able to be sold, gifted, or exchanged to other Etereum wallet users directly through our platform, or third-party NFT marketplace.