NFTs and Their Core Technologies

Abstract

This chapter aims to present the core technologies that underpin non-fungible tokens (NFTs). It begins with an exposition of blockchain technology and consensus mechanisms, before highlighting Ethereum’s role in the space and its key standards for NFTs. The chapter then discusses NFT metadata and highlights contemporary use cases of NFTs, before describing the structure and function of NFT marketplaces. A concluding section presents remarks pertinent to the remainder of the volume.