If you break up the word you see Cipher + Text. Cipher means a type of message that makes it difficult to understand for most people except the intended reciever. Therefore, Ciphertext is a message that contains secret information that can’t be understood for most people except those privy to that knowledge.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs.
