Knowledge Card: Non-Fungible Tokens (NFTs)
ERC-1155 can issue both fungible and non-fungible tokens in a single contract, and is commonly used for things like in-game items.
Every fungible token is identical—for example, one ETH can be exchanged for another ETH—whereas each NFT is unique.
Before buying an NFT, check the collection’s contract address. Many collections have the same name, so don’t rely on the name and image alone.
Minting and trading NFTs on Ethereum both require $ETH to pay gas. Current: 1937.6.
ERC-1155 can issue both fungible and non-fungible tokens in a single contract, and is commonly used for things like in-game items.
Every fungible token is identical—for example, one ETH can be exchanged for another ETH—whereas each NFT is unique.
Before buying an NFT, check the collection’s contract address. Many collections have the same name, so don’t rely on the name and image alone.
Minting and trading NFTs on Ethereum both require $ETH to pay gas. Current: 1937.6.