Insert this code into your Nginx server {} block
#Hotlink protection for filetype .js .css .png .jpg .jpeg .gif .ico .svg .webp
location ~* \.(js|css|png|jpg|jpeg|gif|ico|svg|webp)$ {
  #YOURDOMAIN.COM is the only domain allowed as a referrer
  valid_referers none blocked .YOURDOMAIN.com; #Change .YOURDOMAIN.com or use the server_names variable
  if ($invalid_referer)
  {
    rewrite (.*) /images/padlock.jpg redirect;
  }
}
#End hotlink loop
location = /images/padlock.jpg { }Test your configuration by creating a file on another domain with one of your images as source in a tag
<html>
<head>
  <title>hotlink test</title>
</head>
<body>
  <img src="http://YOURDOMAIN.com/someimage.jpg">
</body>
</html>
The bookmarks picture is requested, but a padlock is shown

The referrer field in the request header isn’t YOURDOMAIN.com which is accepted in the nginx code, so this triggers the redirect to the padlock image
Here’s a link to the padlock image