What is an NFT?

What is an NFT?

NFT stands for "non-fungible token." They are built on blockchain technology similar to "fungible" tokens such as Bitcoin or Ethereum; however, each NFT is unique and can be a one-of-a-kind "edition" or part of a limited Drop Each NFT is based on a unique identifying code, which can be used as a digital proof of ownership or "certificate of authenticity."

‚Äč


    • Related Articles

    • I've heard that NFTs are selling for millions of dollars. How can I afford an NFT?

      Built on energy efficient “proof-of-stake” blockchains like Tezos and Polygon, minting an NFT on OneOf is thousands of times less expensive than other platforms that use more traditional “proof-of-work” blockchains. OneOf further subsidizes these low ...
    • When can I gift a NFT?

      ​You can gift a NFT immediately if paid with marketplace credit or crypto. If paid with a credit card, there is a 48-hour window before you can gift.
    • What does owning an NFT mean?

      Owning an NFT is digital proof of ownership to a media file, such as a photograph, a video, or a music file that is recorded and stored on the blockchain. Some OneOf NFTs include OneOf-exclusive Vault Content which could be special IRL (in real life) ...
    • Can I return an NFT after I purchase it?

      No. All sales are final since NFTs are unique non-interchangeable digital assets. You can, however, list your NFT for resale on the OneOf Marketplace. If your NFT was purchased using a credit card, there is a 30-day holding period from the purchase ...
    • How do I purchase an NFT with a credit or debit card?

      If this is your first time making a purchase, you will be presented with various payment options after you click the "Buy Now" button, including adding a credit or debit card. You may edit or replace your default card at any time. You can also add or ...