NFT
Unique digital asset certified by the blockchain.
Beginner-friendly explanation
An NFT (Non-Fungible Token) is a unique digital item. Unlike regular cryptocurrencies (like Bitcoin), each NFT is different and has its own value. They can represent artwork, music, videos, or even video game items.
Example: A collectible image like a Bored Ape is an NFT. Each image is unique and certified on the blockchain.
Intermediate-level insight
An NFT is a cryptographic token issued on a blockchain, mainly Ethereum through the ERC-721 standard. It guarantees exclusive ownership and digital scarcity. NFTs can be sold, transferred, or used across different digital ecosystems.
Example: A player owns a special character in a blockchain game, represented by an NFT they can trade.
Advanced perspective
NFTs form an innovative asset class bridging cryptography, intellectual property, and the digital economy. Beyond ERC-721 and ERC-1155 standards, they include dynamic metadata, verifiable provenance, and sometimes automatic royalty mechanisms for creators. NFTs are also used to tokenize physical assets.
Example: An NFT contract includes a 5% royalty on every resale, ensuring perpetual income for the original creator.
NFT DEFI Web3
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