Non-Fungible Tokens Explained
An NFT is a unique digital asset stored on a blockchain that proves ownership of an item like art, music, or in-game items.
Fungible โ Bitcoin, money (replaceable) Non-Fungible โ NFTs (unique, not replaceable)
Create NFT โ Mint on blockchain โ Assign ownership โ Store metadata
Name: Digital Art Image: stored on IPFS Owner: wallet address Token ID: unique number
ERC-721 โ Unique NFTs ERC-1155 โ Batch NFTs (gaming items)
1. Create digital asset 2. Upload metadata (IPFS) 3. Mint smart contract 4. NFT gets token ID 5. Ownership assigned
OpenSea ๐ Rarible Magic Eden