What is an NFT?

An NFT is a digital asset that represents real-wolrd objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. 

What is non-fungible token?

Non-fungible tokens or NFTs are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency.

How do non-fungible tokens work?

NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like art, collectibles, even real estate. They can only have one official owner at a time and they’re secured by the ethereum blo0ckchain - no one can modify thee record of ownership or copy/paste a new NFT into existence.

Tools: opensea, rarity, crypto.com, raritysniper, icytools, ninjaalerts

What is NFT Utility?

Utility NFTs are NFTs with valuations based on the access , perks, and opportunities they provide to token holders. Utility NFTs are NFTs that offer clearly defined intrinsic value in addition to the usual scarcity associated with NFTs. 

*defillama NFT

What to look for in an NFT project?

• Utility

• Developers

• Community

• Use case