What are the key features of a NFT smart contract?

submitted 12 months ago by camilla_burns to cryptocurrency

  1. Unique Token Identifier: Each NFT is assigned a unique identifier (token ID) that makes it easily identifiable and can be used to track the ownership and ownership history of the asset.

  2. Immutability: NFTs are immutable and cannot be altered or duplicated. This ensures that the asset remains authentic and its ownership is verifiable.

  3. Transferability: NFTs are easily transferable and can be traded on blockchain platforms.

  4. Decentralization: NFTs are powered by smart contracts, which are stored on a blockchain. This allows for the ownership of the asset to be transparent and secure.

  5. Fungibility: NFTs are divisible, meaning that the ownership of the asset can be split into smaller fractions, allowing for the asset to be traded in smaller amounts.

Read: https://www.turnkeytown.com/smart-contract-development