Arkade
  • Game Guides
    • Brawler Bears (PVP)
  • NFT Guide
    • NFTs
      • What is an “NFT”?
      • Why Kadena?
      • What is Proof of Ownership?
      • What occurs when I mint or purchase from the Arkade marketplace?
    • Wallets
      • What's a wallet?
      • What are the different types of wallets available?
      • How do I set up a digital wallet?
      • How do I get $KDA?
      • What are healthy wallet safety practices?
    • Buying
      • How do I mint an NFT?
      • How do I choose which NFT is for me?
      • How do I buy an NFT on Arkade?
      • How do I stay safe while minting and buying NFTs?
    • Selling
      • How do I sell NFTs on Arkade?
      • Will I be able to sell an NFT immediately?
      • What is a floor price?
      • What are attributes and why are they important?
      • Now that I’ve bought and sold an NFT, what do I do?
  • API
    • Overview
    • Collections
      • Latest
      • Upcoming
      • Live
  • Launch
    • Overview
    • Smart Contract
  • Bot
    • Overview
Powered by GitBook
On this page
  1. NFT Guide
  2. NFTs

What is an “NFT”?

NFT, or non-fungible token, is a unique digital asset that can come in various forms and sizes. They offer a fun way to support your favorite teams, artists, creators, and events, as well as provide an opportunity to expand your portfolio or make a quick profit.

When you buy and sell NFTs on the Kadena blockchain, you're often supporting artists, as they have the ability to collect creator royalties on their collections. This is known as "Creator Royalties" and will be tagged on the NFTs for transparency.

NFTs also have a practical use as a form of digital ownership for online goods and services. This is especially useful for situations where scalpers may sell fake tickets, or where establishing trust for a digital good is important.

It is important to note that NFTs come with risk and volatility, especially in the digital art use case. It is essential to conduct thorough research before making any purchases.

PreviousNFTsNextWhy Kadena?

Last updated 2 years ago