Unique Identification: Each Non Fungible Token (NFT, digital collectable) has a unique identifier that distinguishes it from other tokens, serving as a digital certificate of authenticity.
Blockchain Technology: NFTs are stored on a blockchain, a decentralized and secure digital ledger, ensuring transparent and tamper-proof ownership and transaction history.
Link to Digital Asset: NFTs usually contain a link or reference to the actual digital asset stored online, rather than storing the asset itself.
Marketplaces: Non Fungible Token (NFT, digital collectable) can be bought, sold, or traded on various online marketplaces using cryptocurrencies, with the wallet facilitating transactions.
Proof of Ownership: Buying an NFT transfers its ownership to your wallet, with the transaction recorded on the blockchain for public verification.
Provenance Tracking: The blockchain maintains a history of all transactions associated with each NFT, crucial for verifying its provenance and value.
A digital crypto wallet for NFTs acts as a secure vault and record-keeping system, essential for storing NFTs, and facilitating their purchase, sale, and authenticity verification.