11. NFTs & Digital Ownership
Module 11 of 12
NFTs & Digital Ownership
Beyond the hype, NFTs are a simple idea: provable ownership of a unique digital item. Here’s what they are, how they work, and how to avoid the traps.
What an NFT actually is
NFT stands for non-fungible token — “non-fungible” just means unique and not interchangeable (unlike a dollar or a Bitcoin, which are identical to any other). An NFT is a record on a blockchain that says this specific item belongs to this wallet. That item might be art, a collectible, an event ticket, or in-game gear.
Minting & marketplaces
Minting is creating a new NFT on-chain. Marketplaces let you buy, sell, and view them. You connect your wallet, and — as always — that’s exactly where caution matters.
NFT safety in one line
Verify the official marketplace and project links yourself, be wary of “free mint” urgency, review what a transaction is approving before signing, and never share your seed phrase.
Key takeaways
- An NFT is provable ownership of a unique digital item.
- Minting creates one; marketplaces trade them.
- Verify everything and review what you sign before approving.