Pixel Journey
  • πŸ‘‹Welcome to the Pixel Journey
  • Introduction
    • πŸ’‘Pixel Journey Begins
    • πŸ—ΊοΈRoadmap
    • 🏫Discord Roles, LVL Ranks and Lounges
      • πŸ§“Pre-Season & OGs
    • πŸ’«Season 1 (starting from Wax)
      • πŸͺ™Kickstarting the PXJ-Economy
        • PXJ Basic Info
        • PXJ Redeemables
        • Staking & LP-Rewards
          • LP Reward DeFi Links
          • TacoSwap (MEALS & SALSA)
          • Alcor $PXJ Farms
          • PXJ (Pepper)staking
          • Pepperstake $PXJ Staking Farms
      • πŸ‘½The Pixal PFPs
        • End-of-Month/Holder Airdrops
        • Pixal Trait/Ranks Explorers
        • Pixal WAXDAO Staking
        • Rock/PixelPet (Trait) Airdrops
          • πŸ‡PixelPets
      • ♻️Recycling & Crafting
        • Pixel Ingredients & Pack Staking
        • Pixel Collectibles
      • πŸ“ŠJourney Leaderboard
      • πŸ›οΈThe Rock Council
      • $KING of Pixals
      • πŸŒ‰Bridges to Polygon, BASE, ETH and beyond
      • πŸš€What's next?
    • 🌌Future Seasons
      • πŸ’œSeason 2 (Polygon/ETH/BASE? Or SOL?)
      • 🟧Season 3 (Ordinals/Runes?)
      • πŸ‘ΎSeason 42 (PixelNet?)
    • πŸ†What is the goal here?
    • πŸ›ΈThe PxJourney Team
    • 🏒Wax Ecosystem Guides
      • PXJ WRITERS PROGRAM
      • Common Questions From The Official WAX Discord FAQ
        • Discord: Wax Blockchain
        • WAX Account Activity
        • Two-Factor Authentication
        • Delay in WAXP Account Activation
        • Missing Authorization Code via Email on WAX Blockchain
        • Trouble Accessing a dApp on WAX Blockchain
        • Delay in Receiving WAXP from a Market or Exchange
        • Unintended Actions on the WAX Blockchain
        • WAX Blockchain Resources and Gas Fees
        • Staking for WAX Blockchain Resources
        • Unstaking for WAX Blockchain Resources
        • Fluctuations in Available CPU on WAX Blockchain
        • Purchasing WAXP on WAX Blockchain
        • CPU Availability Update on WAX Blockchain
        • Setting Up a WAX Wallet
        • Building on WAX for Developers
        • Purchasing WAX NFTs
        • Creating Your First WAX NFT
      • Cloud Wallet
        • Creating a Cloud Wallet
        • NFT-Inventory on Cloud Wallet
        • WAX Social (Uncut)
        • dApp Explorer
        • Managing Wallet Resources on CloudWallet
        • Staking Rewards via Cloud Wallet
        • Claiming your Cloud Wallet account keys
        • Cloud Wallet Settings
      • Anchor Wallet
        • Anchor Website
        • Anchor Mobile
        • Anchor Desktop App
      • Neftyblocks
        • Neftyblocks Docs
        • Neftyblocks FAQ
        • $NEFTY Rewards
        • Collection/Nefty Staking Levels
        • Your Inventory on Neftyblocks
        • How to list NFTs via NB markets
          • Listing a single NFT
          • Bulk listing NFTs
        • How to buy NFTs via NB markets
        • How to burn NFTs on Neftyblocks
        • The Gutter (real-time market/auto-buying tool)
        • Ads on Neftyblocks
        • NB Creator
          • Collection $NEFTY Staking Tiers
          • Managing your Collection
          • Creating Drops on NeftyDrops
          • Creating Blends on NeftyBlends
      • Atomichub
        • Your inventory on Atomichub
        • Inspecting NFTs on AH
        • Collection Pages on AH
        • Personalizing your AH Profile
        • $WOMBAT Rewards
        • How to buy NFTs on the Atomic Marketplace
        • How to list your NFTs on the AH Marketplace
          • Listing single NFTs on AH
          • Bulk Listings on AH
          • Bundle Listings on AH
          • Auctions on AH
        • How to use Buy Orders on AH
        • Creating URL Gift Claim-links
        • Burning NFTs on AH
        • AH Creator Tools
          • Creator Page on AH
          • Creating Collections on AH
          • Creating NFTs on AH
            • Creating Categories(Schemas) on AH
            • Creating NFT-Templates on AH
            • Minting NFTs via AH
        • AH Launchpad / Drops
      • NFTHive
        • Your Account on NFTHive
          • Listing NFTs on NFTHive
          • Burning NFTs on NFTHive
        • $HONEY Rewards
        • NFTHive Drops
        • NFTHive Secondary Markets
        • NFTHive Bulk-Tools
        • NFTHive Airdrops
        • NFTHive Creator Tools
          • NFTHive Creator Page
          • Creating a new collection
          • Managing a collection
          • Creating NFTs on NFTHive
            • Creating Schemas on NFTHive
            • Minting NFTs on NFTHive
          • NFTHive Drops Creator
          • NFTHive Pack Creator
          • NFTHive Crafts
          • Redeemable NFTs
          • NFTHive Snapshot Tools
        • NFTHive Collection Pages
          • NFTHive PFP Rarity Rankings
          • NFTHive Community Scores
      • PFPWizard
        • Leaderboards
        • Collection Pages on PFPWizard
        • OG Wizzys
        • OG Wizzy Breeding
        • PFPWizard Gems
        • PFPWizard Magic Power
        • PFPWizard Monthly Raffles
      • WaxDAO
        • WaxDAO Docs
        • WaxDAO FAQs
          • WaxDAO Farm v1 FAQ
          • WaxDAO Farm v2 FAQ
        • What is WaxDAO?
        • WaxDAO NFT Farms
          • Creating a WaxDAO NFT Farm
          • Staking NFTs to WaxDAO Farms (and claiming rewards)
        • Whitelisting options
        • Creating Wax tokens on WaxDAO
        • WaxDAO Token Farms
          • Staking/unstaking from WaxDAO Farms
          • Creating a new Token Farm on WaxDAO
        • WaxDAO Wax Smart Contract Development Guide
      • WAX.FUN
        • WAXFUN (Website)
        • WAXFUN Documentation
        • WAXFUN (Telegram)
        • WAXFUN on X
      • WaxOnEdge Routing/Analytics
        • WoE Routed Swaps
        • WoE Markets
        • WoE Analytics
        • WoE New Pools
      • Alcor Exchange DEX
        • Alcor Docs
        • Alcor Spot Markets
        • Alcor Swaps
        • Alcor LSW
        • Alcor Farms
        • Your Wallet on Alcor
        • Transferring tokens via Alcor
        • Analytics on Alcor
      • TacoSwap DEX
        • $TACO Staking & Rewards
        • Swapping On TacoSwap
        • Liquidity Pools on TacoSwap
          • MEAL Rewards
          • NFT LP-Provider Rewards
        • SALSA Pools
      • A-DEX
        • A-DEX Swap
        • A-DEX Analytics
        • A-DEX (Website)
        • A-DEX Documentation
        • A-DEX (TG)
      • Waxblock.io Explorer
        • TX history on Waxblock.io
        • Your Wallet on Waxblock.io
        • Transferring tokens on Waxblock.io
        • WAXP Voting/Staking Rewards
        • Creating new Wax accounts via Waxblock.io
        • Staking/Unstaking CPU and NET via Waxblock.io
        • Buying/Selling RAM via Waxblock.io
        • Using contracts/actions directly from Waxblock.io
        • Namebids via Waxblock.io
      • WAXITEMS.com Explorer
      • EOSAuthority.com Explorer
      • wax.bloks.io Explorer
      • Uncut (NFT SoMe Platform)
      • Cloud Wallet Bridge
        • Token Bridge
        • NFT Collection Bridge Setup
        • NFT Bridge
      • Wax Governance
        • WAX OIG
        • Wax Guilds & Block Producers
        • Wax RFP System
      • WaxLabs
    • πŸ•΄οΈEcosystem Partners
      • Pocket People
        • Pocket People PFPs
        • Pocket Medals
        • Pocketverse Pass
        • Coins & Staking
        • Gacha Event
        • Pocket People (Discord)
        • Pocket People on PFP Wizard
      • WUFFI.io
        • Pawtner Utility Integrations
        • WUFFI Pawtner Integration Status Spreedsheet
        • WUFFI (Telegram)
        • WUFFI (Discord)
        • WUFFI Holder Airdrops
        • WUFFITap
        • WUFFI Futures on MEXC
        • WUFFI on X
      • YEET
        • YEET Website
        • YEET (Community Chat TG)
        • YEET (Announcements TG)
        • YEET on X
      • AI Geometrics/WAXART Collective
      • NIMA Odyssey
        • NIMA Odyssey (Discord)
      • Storm Struggle
        • Storm Struggle (Website)
        • Storm Struggle on X
      • PFPWizard
        • PFPWizard (Website)
        • PFPWizard (Discord)
      • WaxOnEdge
        • WaxOnEdge (Website)
        • WaxOnEdge (Discord)
        • WaxOnEdge on X
      • Bountyblok
        • Bountyblok (Website)
        • Bountyblok on X
        • Bountyblok (Telegram)
      • A-DEX
        • A-DEX (Website - Wax Network)
        • A-DEX on X
        • A-DEX (Discord)
        • A-DEX (Medium)
        • A-DEX Docs
  • Important Links
    • πŸ–₯️Website: Pixel Journey
    • πŸ—£οΈDiscord: Pixel Journey
    • πŸŒπ•: Pixel Journey
    • πŸ“°Medium: Pixel Journey Blog Posts
    • πŸ“šPixel Journey Collection Pages
      • Pixel Journey on Atomichub (Wax)
      • Pixel Journey on NeftyBlocks (Wax)
      • Pixel Journey on NFTHive (Wax)
      • Pixal PFPs on PFPWizard (Wax)
      • Pixel Journey on OpenSea (Polygon)
      • Pixel Journey on OpenSea (Base)
      • Pixel Journey on OpenSea (Ethereum)
      • Pixel Journey on Monbase (BNB Chain)
      • Pixel Journey on Atomichub (Polygon)
    • πŸ’¬Ecosystem Discords
      • Discord: Wax Blockchain
      • Discord: SpielWorks
      • Discord: TacoCrypto
      • Discord: Alcor Exchange
  • Fundamentals
    • πŸ§‘β€πŸ«What are NFTs?
    • πŸ› οΈGetting set up on Wax
      • πŸ“Wax 101
      • πŸŽ›οΈCreating a Wallet
        • CloudWallet 101
        • Wombat Wallet 101
        • Anchor Wallet 101
        • OKX Extension (Wax Wallet Guide)
      • πŸ’±How to get Wax
      • 🚨Wax Security Tips
      • πŸ›’Marketplaces on Wax
        • Atomichub (by Wombat)
        • NeftyBlocks
        • NFTHive
      • πŸ“ˆExchanges on Wax
        • Alcor Exchange
        • TacoSwap
    • πŸ› οΈGetting set up on Polygon (WIP) 🚧
      • πŸ“Polygon 101
      • πŸŽ›οΈCreating a Wallet
        • 🦊Metamask 101
        • πŸ‘»Phantom Wallet 101
      • πŸ’±How to get Matic
      • 🚨Polygon Security Tips
      • Other Ecosystem Guides
        • Personalizing your Opensea Profile
  • Journey Use Cases
    • πŸ§‘β€πŸŽ“For Onboarding
    • πŸ›οΈFor Collectors
    • πŸ›οΈFor Projects
    • 🎨For Artists
    • πŸ–²οΈFor Designers
    • πŸ–₯️For Developers
    • ⛓️For Blockchains
    • 🀴For Partners
    • 🀝For You
Powered by GitBook
On this page
  1. Fundamentals

What are NFTs?

The very basic 101, for those completely new to the world of NFTs.

PreviousEcosystem DiscordsNextGetting set up on Wax

Last updated 10 months ago

You can consider NFTs like special digital collectibles.

You know how you collect baseball cards, stamps, or coins? Well, NFTs are like that, but for digital things, like art, music, videos, or even virtual items in video games.

The word "crypto" might sound a bit fancy, but it's just short for "cryptocurrency." Cryptocurrencies are like digital money, kind of like the money you use online when you play games on your tablet. But instead of dollars or euros transferred through banks, it's things like Bitcoin, Ethereum, or WAX, transferred on a blockchain.

The blockchain is like a digital ledger keeping a trackable history of all transactions made on it, keeping track of who owns what, and who may have permission on the chain to do different things.

Now, here's where it gets interesting. NFTs and crypto work together sometimes. For example, if you want to buy a digital painting as an NFT, you usually use cryptocurrencies to pay for it. Or perhaps you might be trading one bundle of NFTs for other NFTs in agreed upon on-chain secured trades.

People love NFTs because they're unique. When you have a digital collectible as an NFT, it's like having the only one in the whole world! It's different from just saving a picture on your computer because NFTs use something called "blockchain" to make sure everyone knows who owns what.

Think of the blockchain as a big, super-secure list that shows who owns what NFT. It's like a really fancy way of saying, "I have the real one."

People also like NFTs because they can be worth a lot of money. If someone wants your special digital collectible, they might pay a lot for it! Just like how some baseball cards are super rare and valuable.

And last, but not least, because an NFT usually does not 'tare from the passage of time'. NFTs are digital on-chain, and could potentially last in perfect shape there, forever! Although this can of course never be guaranteed..

So, in a nutshell, NFTs are like one-of-a-kind digital treasures, and cryptocurrencies are the digital money you use to buy them. It's all about owning and trading cool, digital stuff on the internet. Cool, right? πŸ˜„

We think so! So if you do so too, , where there's always someone around to answer or help you with any issues you might encounter as well.

πŸ§‘β€πŸ«
please come join us further along on Discord