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A Beginner's Guide to NFTs
A digital file, when intersected with the ubiquity and scale of the internet, can be “seen” by anyone. NFTs push the notion even further. By adding to the ideas of abundance and scale those of passionate distribution, patronage, the day-one fan and, yes, ownership. Concepts associated with scarcity, now distributed out to the abundant world at larg... See more
Andy Weissman • On art and business and context and mirrors
So, what do you really own when you buy an NFT? In this case, you just own the tokenId . tokenUri function then maps the tokenId to either IPFS or HTTP link depending on the project settings. This link either points to the image directly or to a JSON that has attributes and a nested link to the image.
Nazar Ilamanov • Why Art Blocks Uses JavaScript in Its Smart Contract
Tokens can be fungible or non-fungible: Fungible tokens are interchangeable (e.g., the US dollar, bitcoin). Non-fungible tokens (NFTs) are unique (e.g., a piece of art).