Let us first understand what are NFTs?

A non-fungible token (NFT) is an unchangeable digital identity that is stored in a blockchain and used to verify ownership and authenticity. It cannot be duplicated, replaced, or divided. An NFT's ownership is documented in the blockchain and is transferrable by the owner, enabling the sale and exchange of NFTs. Anyone can make NFTs, and they don't necessarily need to know how to code. NFTs frequently make mention of digital items like images, audio, and video. NFTs vary from cryptocurrencies in that they are fungible, while cryptocurrencies are individually identifiable assets.