I've been noticing the term NFT in various projects on uniswap, but I'm not sure what it means. There's a price for NFT that's almost certainly higher than the token price. So, what exactly is it? What is the relationship between it and the project token?
NFT (Non-fungible token ) is not just a piece of art or used for online games it is an emerging technology and has Multiple of use cases from Physical identity or or even intangible concepts like intellectual property too, it can be used in Real estate, Medical, Education , Supply chain and many many more Industries . This sector has recorded tremendous growth during 2021 and its trading volume only on opensea.io is around 3 Billion dollars/month.