: Trade occurs on marketplaces like OpenSea , Binance , and Magic Eden .
: Means unique and non-interchangeable. For example, a $10 bill is fungible because you can swap it for another $10 bill; a original painting is non-fungible because it cannot be exactly replaced. : Trade occurs on marketplaces like OpenSea ,
: Self-executing code on the blockchain that handles the creation (minting), transfer of ownership, and payment of royalties to the original artist . How to Use NFTs : Self-executing code on the blockchain that handles
An is a unique digital identifier recorded on a blockchain that certifies ownership and authenticity of a specific digital or physical asset. Unlike cryptocurrencies like Bitcoin, which are "fungible" (interchangeable), each NFT is one-of-a-kind and cannot be replaced with something identical. Core Concepts Core Concepts To engage with the NFT market,
To engage with the NFT market, you typically need a digital wallet and cryptocurrency (like Ether or Solana) to pay for transaction fees, known as "gas fees".
: This is the process of turning a digital file (JPEG, MP3, MP4) into an NFT. Creators upload their work to a marketplace, add metadata, and sign a transaction to record it on the blockchain. Common Use Cases