{"id":7925,"date":"2022-06-07T10:19:03","date_gmt":"2022-06-07T10:19:03","guid":{"rendered":"http:\/\/139.59.37.173\/guide\/non-fungible-token-nft\/"},"modified":"2024-08-21T18:55:24","modified_gmt":"2024-08-21T13:25:24","slug":"non-fungible-token-nft","status":"publish","type":"post","link":"https:\/\/wazirx.com\/guide\/non-fungible-token-nft\/","title":{"rendered":"Non-Fungible Token (NFT)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/wazirx.com\/guide\/glossary\/non-fungible-token-nft\/\"><span style=\"font-weight: 400;\">Non-Fungible Token<\/span><\/a><span style=\"font-weight: 400;\"> (NFT) is a distinct digital identifier recorded on a blockchain, representing ownership of a digital or physical asset. NFTs act as digital certificates of authenticity, ensuring the asset is unique and cannot be copied, replaced, or altered. They are typically built on <\/span><a href=\"https:\/\/wazirx.com\/guide\/glossary\/blockchain\/\"><span style=\"font-weight: 400;\">blockchain<\/span><\/a><span style=\"font-weight: 400;\"> networks like Ethereum and follow the ERC-721 token standard.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NFTs are designed to be:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">i) cryptographically verifiable,<\/span><\/p>\n<p><span style=\"font-weight: 400;\">ii) unique or scarce, and<\/span><\/p>\n<p><span style=\"font-weight: 400;\">iii) easily transferable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NFTs can be traded on specialized platforms like Rarible and Opensea. Blockchain technology ensures easy verification of ownership and facilitates <\/span><a href=\"https:\/\/wazirx.com\/guide\/glossary\/token\/\"><span style=\"font-weight: 400;\">token<\/span><\/a><span style=\"font-weight: 400;\"> transfers between owners. For instance, artists can embed their signatures in the NFT&#8217;s metadata to authenticate their artwork. Additionally, <\/span><a href=\"https:\/\/wazirx.com\/guide\/glossary\/non-fungible-token-nft\/\"><span style=\"font-weight: 400;\">NFTs<\/span><\/a><span style=\"font-weight: 400;\"> can be programmed to provide artists with a percentage of any future sales.<\/span><\/p>\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe title=\"What is NFT? |WazirX Crypto Guide |\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/sV2hQ7dy_No?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NFT or a Non-Fungible Token is a non-interchangeable unit that can be sold and, traded; stored on a blockchain.<\/p>\n","protected":false},"author":4,"featured_media":7859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[56,54],"tags":[],"class_list":["post-7925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-basic","category-english"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Non-Fungible Token (NFT) - WazirX Guide<\/title>\n<meta name=\"description\" content=\"NFT or a Non-Fungible Token is a non-interchangeable unit that can be sold and, traded; 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