A Quick Overview of Cryptocurrency Basics: Non-Fungible Tokens (NFTs)
· Many NFTs store only a tokenId and a metadata link on-chain; the image is often stored on IPFS or on the project’s server.
· Fungible tokens are all equivalent—for example, one ETH is indistinguishable from another. NFTs, however, are each unique.
Transferring and trading NFTs on Ethereum requires $ETH to pay for gas. Current price: 2389.03.
· Many NFTs store only a tokenId and a metadata link on-chain; the image is often stored on IPFS or on the project’s server.
· Fungible tokens are all equivalent—for example, one ETH is indistinguishable from another. NFTs, however, are each unique.
Transferring and trading NFTs on Ethereum requires $ETH to pay for gas. Current price: 2389.03.