NFT (Non-Fungible Token)
A one-of-a-kind digital item you can own and prove is yours. Unlike regular money where every dollar is the same, each NFT is unique.
Example
CryptoPunk #7804 sold for $7.5 million as a rare digital collectible that the buyer can prove they own.
Core Concepts
🔍Common Misconceptions
✗You're buying the actual image or file
✓You're buying a token that points to the file. The image itself might be stored elsewhere (IPFS, Arweave, or a regular server).
✗NFTs are only for art
✓NFTs can represent game items, event tickets, memberships, domain names, real estate deeds, and more.
✗Right-click saving is the same as owning
✓Anyone can copy an image, but only the NFT owner has the verifiable on-chain proof of ownership.
✗NFTs are dead
✓The speculative bubble cooled, but NFT technology continues to evolve for gaming, identity, and real-world assets.
❓Frequently Asked Questions
🚀Getting Started
- 1Set up a wallet that supports NFTs (MetaMask, Rainbow, etc.)
- 2Get some ETH or the native token of your chosen chain for fees
- 3Browse marketplaces like OpenSea, Blur, or Magic Eden
- 4Research projects before buying - check creator history and community
- 5Start with affordable pieces to learn the process