NFTs, or Non-Fungible Tokens, are a new form of digital asset that represent real-world objects like art, music, and in-game items. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. What this means is that an NFT is not fungible: each one is unique. And if one has been sold, there can be no other exactly like it. This makes them similar to collectibles like baseball cards or rare coins—but because they’re digital, you can trade them more easily than you could sell your collection at a garage sale (even though some people still do). NFTs aren’t just for collecting; they have practical applications as well. For example, if someone buys…