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aglaya · Veteran Member

What is an Nft smart contract?

caritop · Veteran Member

I can tell you this, nft smart contract https://cyberhacks.io/nft-smart-contract/ , is a computer algorithm designed to form, manage and provide information about the ownership of something. Most often we are talking about the use of blockchain technology.

Date: Apr 15, 2024

The NFT blockchain is a database in the form of a chain. It consists of digital blocks that are connected to each other like links in a chain: each new one stores data from the previous one. Information from blog https://merehead.com/blog/nft-wallet-development/ . The platform registers NFTs on the blockchain and takes a commission for it. It depends on the size and quality of the object. To pay the commission, you must have cryptocurrency in your wallet. Some platforms create NFTs only at the time of purchase and deduct a commission from the profit from the sale. For example, OpenSea does this.