What is FTT?

Could you possibly enlighten me on what FTT actually stands for? I've been hearing a lot about it in the cryptocurrency community but I'm still not quite sure what it means. Is it a type of token? A platform? Or perhaps a service? Could you explain its significance in the world of finance and how it differs from other cryptocurrencies? Also, how does it function? I'm quite curious to know the ins and outs of this so-called FTT.