What Is an NFT?
A Non-Fungible Token (NFT) is a unique digital asset stored on a blockchain that cannot be replicated or exchanged on a one-to-one basis with another token. Unlike
cryptocurrencies such as Bitcoin or Ethereum — where every unit is identical and interchangeable — each NFT has a distinct identity and provenance recorded permanently on-chain.
NFTs can represent ownership of digital art, music, collectibles, gaming items, domain names, event tickets, and real-world assets.
How Do NFTs Work?
NFTs are created (minted) using smart contracts on a blockchain. The smart contract assigns a unique token ID to each NFT and stores its metadata — including ownership history, traits, and associated media — either on-chain or via a decentralized storage system like IPFS.
A creator mints an NFT by deploying a smart contract
The NFT is assigned a unique identifier on the blockchain
The creator lists it on an NFT marketplace
A buyer purchases it — ownership is transferred and recorded on-chain
The transaction is permanent and publicly verifiable
NFT Standards
| Standard | Blockchain | Type |
|---|---|---|
| ERC-721 | Ethereum | Single unique NFT |
| ERC-1155 | Ethereum | Multiple token types in one contract |
| SPL | Solana | Solana-native NFTs |
| BEP-721 | BNB Chain | BNB Chain NFTs |
NFT Use Cases
Digital art — Artists sell verifiable original works directly to collectors
Gaming — In-game items, characters, and land with real ownership
Music — Artists tokenize albums, songs, and royalty rights
Collectibles — Digital trading cards and limited-edition items
Ticketing — Fraud-resistant event tickets with transferable ownership
Real-world assets — Tokenized property, luxury goods, and certificates
NFTs and Trust Wallet
Trust Wallet lets you store, view, and manage your NFT collection across multiple blockchains including Ethereum, BNB Chain, Solana, and Polygon. Your NFTs are displayed directly in the app alongside your crypto holdings, and you can interact with NFT marketplaces through Trust Wallet's built-in DApp browser.
