Storing or processing data outside of a smart-contract is known as being off-chain. Because each NFT is unique, they're owned and traded individually, with the smart contract keeping track of who owns what.Īnother key feature of an NFT is the ability to link to data that is stored outside of a smart contract. There is no way to tell one ETH from another.
This is in contrast to a fungible token like Ether ETH, which exists as a quantity attached to an account or wallet. There are a few key features that define an NFT, regardless of platform.įirst, each token has a unique id that distinguishes it from all other tokens. If you're interested in a deeper dive in the world of NFT best practices and NFT development in general, head over to NFT School (opens new window) for concept guides, tutorials, and how-tos. That being said, we're going to cover the very basics of NFTs here so that everyone's on the same page. This guide is solely to help you understand how to host NFTs on IPFS and how the process can be expanded to include other aspects of blockchain development. This guide doesn't go into the intricacies of NFTs, or even why they're important.
However, the steps described here can just as easily be applied to other blockchains. Since IPFS isn't a blockchain, we'll be leveraging the power of the Ethereum blockchain for this guide.
Go from nothing to creating a freshly-minted NFT token and storing it on IPFS with the help of services like Pinata (opens new window) and nft.storage (opens new window). Non-fungible tokens (NFTs) allow users to create and trade digital items with differing values.
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