Learn what NFTs are, what they are not, and when they make sense.
Definition
An NFT is a unique token that represents ownership, authenticity, or access rights. It is not automatically a legal right.
What NFTs can be used for
- Memberships and access passes.
- Tickets and event verification.
- Game items and identities.
What NFTs cannot guarantee
NFT ownership does not guarantee value. Many NFTs are speculative. Always confirm what the project offers, where metadata is stored, and whether utility exists.
Practical tip
If the only reason to buy is resale, treat it as speculation, not as utility.
Warning
Scams are common. Verify contract addresses from official sources only.
Quick quiz
- What can an NFT represent?
- Name one realistic NFT use case.
- What should you verify before buying?