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Introduction

to NFTs

Part 4

Understanding the basics of
unique digital assets.

presented by

Lucky Star & Digital Altar

Non-Fungible Tokens, or NFTs, are transforming the way we engage with digital assets.
NFTs represent unique digital items — such as art, music, or in-game items —
whose ownership and transaction history are securely recorded on a blockchain.
In this guide, we’ll explore what NFTs are, how they function, and how you can own and
interact with them.

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An NFT is a type of digital asset whose
ownership is recorded on a blockchain,
making it unique and tied to a specific
owner. Unlike traditional cryptocurrencies,
which are interchangeable, NFTs represent
individual items that are distinct from one
another. These can include art, music,
videos, or other digital goods.

What is an NFT?

Digital Collectibles

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NFTs serve as digital collectibles, allowing people to collect and display unique items
in a digital format. Whether it’s a piece of digital artwork, an audio file, or a virtual in-
game item, NFTs give people a new way to engage with and enjoy digital content.


  • Digital artwork
  • Music tracks
  • In-game assets
  • Virtual real estate
  • Event access passes
  • and more!


As more people adopt NFTs, they’re
becoming a popular way to interact
with and showcase digital items.

NFTs can represent

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One of the primary features of NFTs is their
ability to securely prove ownership. When
you purchase an NFT, the ownership and
transaction history of that item are
permanently recorded on the blockchain.
This means that no matter how many times
an NFT changes hands, the ownership
history remains transparent and verifiable.

Ownership and
authenticity.

Whether you're an artist or a collector, this
proof of ownership provides peace of mind,
knowing that the authenticity of each
digital item is securely backed by
blockchain technology.

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NFTs can be easily bought, sold, and
traded on dedicated online marketplaces.
Some popular platforms include OpenSea
and Rarible, where users can discover a
variety of NFTs and exchange them directly
with others.

Buy, sell, and trade.

Trading NFTs is a simple process that is
backed by the blockchain, ensuring all
transactions are recorded, secure, and
accessible for verification.

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NFTs offer a way to support creators by
enabling digital artists, musicians, and
content creators to directly connect with
their audience. By selling their work as
NFTs, creators can reach a global
audience while ensuring their digital assets
are tied to them through the blockchain.

Supporting creators.

Additionally, NFTs can include options for
ongoing royalties — providing creators with
continuous support whenever their digital
assets are resold, which helps sustain their
creative efforts.

By securely recording ownership on a blockchain, NFTs allow you to buy, sell, and trade unique digital
content in a transparent and engaging way. Whether you’re interested in digital art, music, or other
digital collectibles, NFTs offer an exciting way to explore the digital landscape.

A new way to own and interact with digital assets.

Lucky Star

x

Digital Altar

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This piece was written by Lucky Star, with technical guidance and editing by Digital Altar.
If you enjoyed this knowledge share, feel free to explore my
website and follow me on
social media for additional content.

Take our quick 4-question quiz and
see if you’re ready to dive into the
next part of our series:
How
Blockchain Works.

Ready to test your NFT basics?

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