NFT Marketplace Fees
NFT Marketplace Fees refer to the costs associated with buying, selling, or minting non-fungible tokens (NFTs) on digital platforms. These fees can include listing fees, transaction fees, minting fees, and royalties paid to original creators, varying significantly across different marketplaces. Understanding NFT Marketplace Fees NFT marketplaces are the digital arenas where creators and collectors meet...
NFT Meme
NFTs or Non-Fungible Tokens, particularly in the form of memes, have completely transformed the digital world, offering originality, scarcity, and ownership of digital assets. NFT memes have not only revolutionized the art industry but have also gained widespread acceptance in the ever-growing blockchain world. Background and History The advent of NFTs traces back to 2014,...
NFT Metadata
NFT Metadata refers to the descriptive and technical data associated with a Non-Fungible Token (NFT) that defines its attributes, provenance, and unique properties. This metadata is typically stored off-chain and is linked to the NFT via a URI (Uniform Resource Identifier) embedded in the blockchain. Understanding NFT Metadata NFT Metadata is crucial as it contains...
NFT Metadata IPFS
NFT Metadata IPFS refers to the use of the InterPlanetary File System (IPFS) to store metadata associated with Non-Fungible Tokens (NFTs). This approach ensures that the metadata, which includes details such as the owner's identity, provenance, and digital asset links, is decentralized and tamper-proof, enhancing the security and permanence of the data linked to NFTs....
NFT Metadata Standard
The "NFT Metadata Standard" refers to a set of guidelines that dictate how information related to Non-Fungible Tokens (NFTs) is formatted and stored. This standard ensures that data such as the owner's identity, the digital asset's unique attributes, and its provenance are consistently recorded across various platforms and blockchain networks. Importance of NFT Metadata Standard...
NFT Metadata Update
An NFT Metadata Update refers to the process of changing or enhancing the underlying data associated with a Non-Fungible Token (NFT). This data, which can include attributes such as the creator’s name, the artwork’s description, or ownership history, is essential for verifying the authenticity and provenance of the NFT. Understanding NFT Metadata NFT metadata is...
NFT Profit
Non-Fungible Tokens, or NFTs, are unique digital assets stored on a blockchain, primarily Ethereum's. These assets can range from digital art and music to virtual real estate and domain names. An interesting aspect of NFTs is their potential for profit. In February 2021, renowned artist Mike Winkelmann, a.k.a Beeple, sold his NFT artwork for $6.6...
NFT Rarity
NFT Rarity: Unveiling Value in the Digital Asset Space NFT rarity refers to the uniqueness and scarcity of a non-fungible token (NFT), which often determines its market value and desirability. This characteristic is pivotal in distinguishing one NFT from another, especially within collections where multiple items might share similar traits or attributes. Recent data from...
NFT Royalties
NFT Royalties refer to the compensation received by creators each time their non-fungible token (NFT) is sold on the secondary market. This automated payment is enabled by smart contracts on blockchain platforms, ensuring creators earn a percentage of sales proceeds each time their work is resold. Understanding NFT Royalties NFT royalties provide a continuous revenue...
NFT Royalty Standards (EIP-2981)
The "NFT Royalty Standards (EIP-2981)" refers to a protocol within the Ethereum blockchain that establishes a standardized method of implementing royalty payments for Non-Fungible Tokens (NFTs). This standard allows NFT creators to receive a percentage of the sale price each time their NFT is sold on the secondary market, ensuring ongoing compensation for their work....
Explore the MEXC Blog Glossary Archive to deepen your understanding of cryptocurrency and blockchain technology. This comprehensive resource features clear, easy-to-understand definitions of key crypto-related terms, concepts, and industry jargon. Whether you’re a beginner or an experienced trader, the glossary helps you stay informed, make smarter investment decisions, and navigate the fast-evolving crypto landscape with confidence. Start learning today and boost your crypto knowledge with MEXC!
