Let's look at the NFT components and learn how to analyze them. What blockchain does NFT have.
24 Nov 2022, 16:51
Let's look at the NFT components and learn how to analyze them👇🏻
📍What blockchain does NFT have?
Consider the underlying blockchain to understand how much NFT is really worth for you.
📍Internal smart contract
Smart contracts control things like NFT royalties, rarity, and whether the token is part of a collection.
They also allow you to embed the origin and track the transaction history of the token.
📍NFT metadata is digital content: the image, audio, or video clip.
They are usually not stored on-chain with your ERC721 token. Blockchains can't manage large files like images.
📍Where is your NFT image?
The NFT contains a URI (Uniform
Resource Identifier).
It usually happens offline, on a server, or via IPFS, both of which have important implications for your token.
📍Before buying an NFT, read its commercial rights.
NFTs on the terms and conditions page of the project.
Now, you have the tools to independently analyze what you are buying and what benefits you will have.😎