Introduction to NFT

NFTs (non-fungible tokens) are unique cryptographic assets that cannot be replicated.

NFTs (non-fungible tokens) are unique cryptographic
assets that cannot be replicated.

NFT Characteristics

Uniqueness

Uniqueness is the most important feature of NFT.

Smart contracts linked with all individual units record permanent identification information. They act as a certificate for authenticity.

Indivisibility

Uniqueness is the most important feature of NFT.

Smart contracts linked with all individual units record permanent identification information. They act as a certificate for authenticity.

Scarcity

NFTs are provably scarce assets. Though developers can generate as many NFTs as they like, they face limitations in increasing scarcity in many cases.

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