I have been watching the term NFT in different projects listed on uniswap but I can't figure out what actually does it mean. There's something like NFT price which is probably greater than the token price. So, what's it exactly? How it is related to the project token?
Non-Fungible Tokens represent something unique, such as some real life valuable object, asset or service, they have a clear future from every development done, and that's why many people are attracted to NFT, the concept offered is quite different from before, NFT has two things that are quite popular, first the second game is artistic value and this can be traded freely and without restrictions, not even that many rules are offered by the NFT.
NFT is a digital asset like crypto in general and the uniqueness of NFT has a high selling value. if I'm not mistaken the first time I heard of NFT punk on the ERC-20 network with a selling price of millions of dollars. who would have thought that just a piece of digital art could attract investment and increased market cap. The emergence of NFT-based projects has attracted public attention so far, as well as warm welcome from various circles such as artists, music producers etc.