Essentially, a non fungible token is a type of digital asset which has its own blockchain. This means that it cannot be divided in any way and must exist as one unit. The benefits of using NFTs are that they can represent anything from ownership to something happening at a specific location and time. They also have the potential to be more secure because they cannot be copied without destroying their value.
The general approach of NFTs in the blockchain world has been a bit shaky. Since many blockchain protocols treat all tokens as fungible, they are often used interchangeably. However, it is crucial to understand that NFTs are not always fungible. While they can be treated as assets and transferred between different chain networks without affecting their value, at the same time, it is possible for an individual to have multiple non-holdable non-fungible tokens on the same network. If this is the case, then they are also considered as non fungible tokens.
What makes a token non-fungible is a combination of several factors: For example, almost all blockchain protocols allow users to create multiple ERC20 tokens at one time on the same blockchain. These appear as separate tokens but there is no difference in their value.
The reason for this is that the "value" of an individual token does not decrease when it is divided into units smaller than its current size or when it joins another network, however, the "money" that can be obtained from holding a part of it remains intact and unaltered.
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