In simplest terms, an NFT is a digital art that holds a certain amount of value, and can be owned and collected by a person. Think of a digital drawing, or a GIF perhaps, that is one of a kind, and only you own it. You may not be able to hang it on a wall, but only you will have the original piece on your hard drive.
The picture of the ticket that you see on the right is also an NFT, a one-of-a-kind digital art piece. In due time, it will become a valuable piece of art. When it increases in value, you shall be able to sell it for its price in value, just like any other sale and purchase of historic artwork.
An NFT Ticket is just like a Regular Ticket. With an NFT Ticket, you will be able to watch 300+ original shortlisted during Malhaar Season 2 (link), as well as the recordings of all the sessions that happened during the run of the Malhaar Film Festival Season 2. The difference is also that the NFT ticket holds some long term utilities versus traditional tickets that lose its value with the event.