Frequently Asked Questions

Non-fungible tokens’ are more than the stories you’ve heard. They are a revolutionary technology that empowers creators and business owners. Here are a few answers to questions we get a lot!

  • Your crypto wallet is where you can view your cryptocurrency assets and transactions, all in one place. It's also where you confirm any transactions in process. Different wallets have different features. For example, some allow you to view NFTs from a smartphone. Popular wallets include Coinbase and Metamask.

  • NFTs (Non-Fungible Tokens) are unique digital assets that are secured and contained on the blockchain. The blockchain verifies ownership, provenance, and transaction history.

  • Blockchain is a system of recording information in a way that makes it difficult or nearly impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

  • NFTs are stored on a digital ledger called the blockchain. Each NFT has a specific token ID that is linked to a smart contract, which is stored in various blocks on the blockchain. Contrary to popular belief, NFTs are not stored in your wallet.

  • A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control, or document legally-relevant events and actions according to the terms of a contract or an agreement.

  • When you collect an NFT, your artwork has a public record on the blockchain it was created on. This makes provenance public and verifiable and permits for instantaneous transactions on the secondary market.

  • NFT utility is the value or offering that's attached to an NFT. NFT utility includes things like digital assets, physical goods, a service, access to events, memberships, and any other perks the creator wants to supply to their consumers.