Frequently asked questions
Quick answers to questions you may have. Can’t find what you're looking for?
What is an NFT?
An NFT (Non-Fungible Token) is a unique digital asset stored on a blockchain that represents ownership of a specific item, such as digital art, music, videos, virtual real estate, and more. Unlike cryptocurrencies like Bitcoin, NFTs are "non-fungible," meaning they are one-of-a-kind and not interchangeable.
What makes NFTs unique?
NFTs are unique due to their metadata and token ID, which are stored on the blockchain. This guarantees scarcity and provenance (ownership history), making them different from interchangeable digital assets.
What is blockchain?
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved
Do I own the copyright if I buy an NFT?
Not necessarily. Buying an NFT typically grants you ownership of the token itself—not the copyright or intellectual property rights—unless explicitly stated by the creator.
Are NFTs safe and secure?
NFTs use blockchain technology, which is generally secure. However, scams, phishing attacks, and theft from poorly protected wallets are common. Always use trusted wallets (like MetaMask), enable two-factor authentication, and verify sources.
What is minting an NFT?
Minting is the process of creating an NFT on a blockchain. It involves uploading a digital file, adding metadata (like the title, description, royalties), and paying a gas fee to record it on the blockchain.
Can NFTs be copied or pirated?
The digital content linked to an NFT (like an image or music file) can be copied, but the blockchain-recorded ownership of the NFT cannot. Only the person who owns the token can claim true blockchain-certified ownership.
Can I make money with NFTs?
Yes, people make money by creating, selling, or trading NFTs. However, the market is speculative and risky. Success often depends on the quality of the project, community support, and market trends.