NFT stands for Non-Fungible Token. Here “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same.
NFTs can really be anything digital (such as drawings, music, videos, etc.), but a lot of the current excitement is around using the tech to sell digital art.
Rarible Multichain Protocol various token types applicable for certain blockchain:
All these contracts support these features:
- lazy mint
- Rarible on-chain royalties
- multiple creators
- supports operators (who can transfer tokens on behalf of users) for the whole smart contract
User-owned contracts use beacon proxies, and these contracts can be updated by Rarible DAO. Rarible common contracts can be upgraded too.
Updated 6 days ago