But they have mainly two differences if we compare them to regular tokens: they are unique and they are indivisible (you canโt have half an NFT).
NFTs are not something new. First NFTs were created almost 10 years ago, but they have started gaining popularity lately.
Just to put an example, you may have heard about Cryptopunks, that were minted in 2017. There were 10,000 unique punks created that were initially sold for just around $30 bucks, and nowadays you wonโt find a single punk being sold for less that 1000 times that price. And the rarest punk was sold for over $7.5 Million USD.