Beginner

What is an NFT and why do people care? — Why this matters

Page 2 of 6 — Section 2 of 6

User Beginner
2/6 — What is an NFT and why do people care? — Why this matters

Ownership vs storageYou own the token on-chain, not automatically the image host. On-chain or IPFS storage is harder to change; random web servers can disappear or swap the image.

Scams are plentifulTop traps: fake collections with near-identical names, free mints that hide broad approvals, and airdrops that tell you to “connect to see what you won.” If you verify the contract and read approvals, you dodge most of them.

Resale realityMarkets show royalties and fees. Knowing them up front avoids surprises if you ever list or transfer.

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