NFT (Non-Fungible Token)
NFT
Unique token representing an individual asset or claim.
An NFT is a non‑fungible token standard (e.g., ERC‑721/1155) used to represent unique items like art, tickets, identity, or game assets. Each token has distinct metadata and ownership history.
Frequently asked questions
Where is the media actually stored?
Often off‑chain (IPFS/Arweave or centralized). On‑chain metadata typically points to media URIs. Verify storage to assess permanence.What do royalties mean on‑chain?
Royalties are often enforced by marketplaces, not the token standard itself. Enforcement varies by platform and chain.How do I verify authenticity?
Check the contract address, creator, and provenance. Beware of look‑alike collections or spoofed links.