Frequently Asked Questions

An NFT, or Non-Fungible Token, is a unique digital certificate created using blockchain technology, stored securely on decentralized systems like Web3. NFTs are used to prove ownership or authenticity of a particular digital or physical asset.

NFTs are unique, meaning they cannot be exchanged on a one-to-one basis like cryptocurrencies. Each NFT is tied to a specific item, making it non-replicable. NFTs can represent ownership of digital assets like art, music, videos, documents, or even physical assets, but they retain uniqueness and exclusivity through the blockchain.

NFTs are created through a process called "minting." Minting involves transforming digital files or assets into cryptographic tokens on a blockchain via an NFT platform. Once created, the NFT exists permanently on the blockchain as a record of its creation and ownership.

Once you acquire an NFT, you typically hold ownership of the digital asset it represents. Depending on the creator’s terms, you may have the rights to display, share, or resell the NFT. Some NFTs come with restrictions on transferability, while others allow free trading on marketplaces.

No, access to an NFT is controlled. While the asset is stored on a public blockchain, viewing or interacting with the NFT may require specific permissions or private access granted by the owner or platform hosting the NFT.

Yes, when you transfer an NFT to a new owner via blockchain technology, the ownership rights are transferred to them. You no longer hold the asset or have access to the underlying data unless specified by the terms of the contract.

Yes, NFTs can be self-custodied in a compatible digital wallet, giving you direct control. Alternatively, some services offer custodial options, where they manage the NFT on your behalf to safeguard access and security.

Yes, depending on the platform, NFTs can be updated or modified. However, to ensure the integrity of the blockchain record, any changes or additional information, like a document or asset, typically requires verification before being permanently amended to the NFT.

Ownership of the NFT remains intact unless explicitly transferred to another party. If relevant to the asset, new information, such as a loan or updated documentation, can be added to the NFT to keep records up to date.

You can access your NFT through the digital wallet or platform where it is stored. If you’ve entrusted a third party with custody, they will provide access as needed. Your NFT will also

The cost of updating an NFT depends on the platform or service you’re using. Fees may be determined based on the complexity of the update or transaction fees within the blockchain network.

An NFT can store or link to a wide variety of content, including digital files, documents, warranties, or other records related to the asset it represents. The specific content is determined by the use case and platform.

Utilizing NFTs can position your business as innovative and future-focused. Offering services that leverage cutting-edge technology like NFTs can attract a tech-savvy customer base, enhance transparency, and provide additional value in terms of digital asset management.