NFTs (Non-Fungible Tokens) are unique digital assets that represents ownership or proof for the ownership of digital items ranging from artwork to collectibles.

Characteristic of NFTs:

1. Digital Ownership: NFTs are based on blockchain technology, which secures the ownership and originality of digital items. Each NFT has its unique identity, which makes it non-fungible (unreplacable). This provides NFT with monetory value.
2. Investment Potential: As of recent years, NFT has gained attention from around the world as an investment asset with some selling for millions. However, as the NFT market is highly volatile based on trends, NFTs also carry significant risk as their value can drop quickly.
3. Speculation: Many Investors see NFT as an speculative asset, while others value them for access or utilities as some NFT provide membership benefits and exclusive content.

As of now, NFTs represents a new frontier in digital ownership and investment with potential for growth. However as the NFT market is too volatile and unpredictable, long-term holdings of NFT is not suggested.

Prices of Bored Ape Yatch Club (A well-known NFT with $300M+ market cap.) throughout the years: