What are NFTs

A Non-Fungible Token (NFT) is a digital asset that represents real-world objects like art, music, in-game items and videos.

What are NFTs

Think of the Mona Lisa- everyone knows how it looks like, there's even prints of the painting, etc , but there is only one true original copy. That's what makes it special. The art is on the blockchain. So an NFT is a Non-Fungible Token.

Definitions:
NFT= Proof of ownership
Blockchain = receipt
Onchain Royalty= Revenue system
There's onchain licensing and usage rights with NFTs.