What is a NFT?
A NFT is a non-fungible token (NFT), which is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio and other types of digital files by using metadata.
What is a CNFT?
CNFT is short for Cardano NFT and helps differentiate from other NFTs in the blockchain space.
Where are NFTs stored?
Each blockchain has its own wallet that supports the storage of NFTs. For Ethereum it can be Metamask or Trust Wallet. For Cardano NFTs Daedalus, Yoroi, Nami or Eternl can be used.
Why does NFT art have value?
Same as physical art, four factors contribute towards the value of NFT art & how expensive it becomes.
- "Market-Driven Value" which depends on the buyer & seller
- "Subjective Value" which depends on the feelings of each holder towards the art
- "Objective Value" which depends on the work & skill of the artist
- "Historical Value"
What is the purpose of this website?
The purpose of the website is to help the reader understand a NFT project from my personal experience and help determine the positives & negatives of each one.
I don't see my NFT project in here, what can I do?
The NFT projects are basically endless and I cannot keep track of every single one, so what you can do is introduce yourself and after I conduct my research I will post a review.
Do I need to pay for a review?
No payment is asked for a review, this is simply my contribution to the NFT community.
If you want to support my work though please refer to Support Us page.