Collections

NFT (Non-Fungible Token) Collection

NFT (Non-Fungible Token) collection refers to a set of unique digital assets, each represented by an individual token on a blockchain network. These tokens are distinct and non-interchangeable, unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis.

Each NFT within a collection carries its metadata, verifying its uniqueness, ownership, and specific characteristics, such as artwork, music, videos, virtual real estate, collectibles, or other digital content. The collection exists as a series of these individual tokens, and ownership or transfer of these assets is recorded immutably on the blockchain, providing transparency and provenance.

This collection can be curated or created by an individual, artist, brand, or a decentralized community, and it often involves a marketplace where these NFTs can be bought, sold, or traded, allowing creators to monetize their digital creations and collectors to own exclusive digital items with verified scarcity and authenticity.