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Glossary Term

Non-Fungible Token (NFT)

A Non-Fungible Token (NFT) is a unique, indivisible digital asset stored on the blockchain—most commonly used to represent ownership of art, collectibles, music, tickets, and in-game items—distinguished by its exclusive metadata, provenance, and verifiable authenticity. On Solana, NFTs are fast, affordable, and support broad creative, gaming, and community use cases.

Beginner
General
Crypto Terminology

Non-Fungible Token (NFT): what is it?

Examples

  • 1

    A generative PFP NFT, uniquely rendered and traded on Magic Eden or Tensor.

  • 2

    An artist minting a 1/1 artwork or music track on Exchange.Art.

  • 3

    NFTs linked to physical goods/authenticity (e.g., Street Mint connects NFC tags for “phygital” assets).

  • 4

    Compressed NFTs enabling viral-scale airdrops and collectible campaigns for Web3 communities.

Common Use Cases

Digital art and collectible series.
In-game assets (characters, skins, weapons) proven unique and tradable.
Event tickets, memberships, or access passes secured against fraud.
Real-world items (fashion, merchandise) linked with digital certificates.

Pro Tips

💡

Check on-chain metadata and creator addresses for authenticity before buying.

💡

Explore compressed NFTs for large-scale, cost-efficient distribution.

💡

Use reputable wallets and marketplaces to interact with NFTs securely.

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Keep track of royalties and utility terms for potential ongoing benefits.

Frequently Asked Questions

Related Terms

WAGMI
Stablecoin
Hodler
FOMO
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