What is an NFT?
An NFT (non-fungible token) is a unique token on a blockchain that records who holds a specific item, such as a digital artwork, a ticket, a certificate or a membership. Unlike a coin, no two NFTs are interchangeable.
Also called: non-fungible token
Why it matters
Beyond digital art, NFTs work as certificates, warranties, tickets and passes that people hold themselves. The file itself is usually stored off-chain, so plan where it lives and what rights the holder actually gets: holding an NFT does not give copyright unless the terms say so. In Kazakhstan a transferable token may count as a digital asset, so a lawyer should check the project’s status.
1Token, not the fileThe NFT holds a link to the image or data; that file is usually stored off-chain, for example on IPFS.
2Fungible vs non-fungibleAny coin can be swapped for an identical one; an NFT stands for one specific thing.
3Rules in KazakhstanThe Law on Digital Assets does not name NFTs separately, so a lawyer decides the token’s status in a given project.
ExampleA training centre in Almaty issues graduates their certificates as non-transferable tokens. An employer checks authenticity through a link, the record cannot be forged, and the certificate cannot be sold or passed to someone else. The graduate keeps an ordinary PDF copy too.
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Related terms
TokenisationRepresenting rights to a real or digital asset as tokens on a blockchain that can be held and transferred.Smart contractA program stored on a blockchain that runs automatically when its conditions are met.Crypto walletAn app or device that holds the keys to crypto assets and uses them to sign transactions.BlockchainA shared ledger copied across many computers, where records are added in blocks and cannot be quietly changed.
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