Crypto Basics | What Exactly Is an NFT?
Many NFTs only record a tokenId and a metadata link on-chain; the images are often stored on IPFS or centralized servers.
If the metadata and images are stored on centralized servers, the tokens may still exist after the servers shut down, but the images may no longer display.
Transferring and buying or selling NFTs on Ethereum requires paying Gas with $ETH . Current price: 2506.97.
Understanding the rules helps you make clearer decisions; it isn't a way to guess whether prices will rise or fall.
#ETH
Many NFTs only record a tokenId and a metadata link on-chain; the images are often stored on IPFS or centralized servers.
If the metadata and images are stored on centralized servers, the tokens may still exist after the servers shut down, but the images may no longer display.
Transferring and buying or selling NFTs on Ethereum requires paying Gas with $ETH . Current price: 2506.97.
Understanding the rules helps you make clearer decisions; it isn't a way to guess whether prices will rise or fall.
#ETH