Each NFT is one of a kind or part of a limited set, unlike cryptocurrencies which are interchangeable.
Ownership and transaction history are recorded on a public blockchain (like Ethereum).
NFTs can prove the rarity and authenticity of a digital item.
1. An NFT is created through a smart contract on a blockchain like Ethereum, Solana, or Polygon.
2. It gets a unique ID and metadata (like image, name, description, traits, etc.).
3. This process is called minting.
The NFT itself lives on the blockchain, but media files (like images) are often stored off-chain (e.g., IPFS) and linked via a URI.
1. When someone buys an NFT, the smart contract transfers it to their wallet.
2. You can see who owns it, when it was transferred, and what price it sold for — all publicly.
NFTs are bought/sold/traded on platforms like OpenSea, Blur, Magic Eden, and Rarible.
1. Art (e.g., Beeple's $69M digital piece)
2. Music (exclusive tracks or albums)
3.Gaming (in-game items or avatars)
4. Membership (access to clubs/events)
5. Virtual Real Estate (in metaverses)
6. Collectibles (trading cards, memes, etc.)
