NFT stands for non-fungible-token. This means that the token is unique and not interchangeable with any other NFT, whether from the same series or another.
Example:
Imagine trading 100 NXRA with someone. It does not make a difference which NXRA tokens you are holding. However, with NFTs, all are numbered differently and contain a unique image, gif, video, song, etc. The proof of ownership of the NFT is stored on the blockchain.
Find out more about NFTs on Investopedia.
