An NFT is a non-interchangeable digital item that is stored across multiple computers on the public record, also known as the blockchain. The T in NFT refers to a token, which is a record logged on the blockchain— the data structure on which cryptocurrencies rely. Popular NFTs are much more than digital files, though. They come with status, community, exclusivity, and experiences. Many NFTs double as memberships or deeds to virtual land, and ownership often grants you access to benefits, including private online communities and exclusive game access.