NFTs, or non-fungible tokens, are unique digital representations of a piece of media built and certified by blockchain technology. They can be a representation of practically anything from art, to collectibles, music, videos, gaming gear, and much more.
NFT v.s. FT
Checklist
- What is NFT?
- What are NFTs?
- What is OKX NFT Marketplace?
- Why OKX NFT?
- What are the OKX NFT Marketplace features?
Notes
NFT stands for Non Fungible Tokens. It's the only and inseparable token, such as Cryptokitties, tokenized digital tickets. FT (Fungible Token), generally refers to native tokens of a blockchain network, or tokens minted under fungible token standards. For example, BTC, ETH, USDC, and USDT are fungible tokens. But the boundary of FT is also constantly expanding and evolving.
NFTs are generally minted with ERC-721 standards. NFTs are unique, indivisible, and interoperable proofs of digital asset ownership. It may represent your house or gear in a metaverse, or prove that you own a certain digital or physical entity, such as a piece of artwork, or an a bric-a-brac in a virtual place.
Unlike FT (Fungible token), each NFT has its own unique attributes that distinguish it from other NFTs. Each NFT has its unique attributes or properties, which may be stored on a blockchain network or other distributed networks.
ERC721 v.s. ERC1155
Details follow the official OKX help article; this page is a learning checklist, not an official mirror.
