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what are smart contracts

What Are NFT Smart Contracts & How Do They Work?

NFTs, wouldn’t exist without smart contracts, and digital agreements written with computer code and deployed on a blockchain. Their main function is to execute one or multiple actions if conditions are met, often following simple “if/when-then” statements, e.g., if X is true, then Y will happen.  These programs automate execution, and workflow, and streamline the …

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Minting an NFT

What Does Minting Mean When It Comes to NFTs?

Minting is the process of creating an asset on the blockchain. It’s the process used to create non-fungible tokens (NFTs,) which are blockchain-based tokens that prove ownership of an item such as a piece of music, profile picture, or image.  They first grew in popularity in 2021, with collections like Bored Ape Yacht Club and CryptoPunks …

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copy nft one chain to another

Can You Copy an NFT Onto a Different Blockchain?

Things can get a bit complicated when simply “copying” an NFT from one blockchain to another. As a refresher, a blockchain is a decentralized collection of financial accounts across a peer-to-peer network. It’s used to confirm transactions without needing a central governing body, allowing users to make transactions without a third party.  NFTs (non-fungible tokens) …

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Layer-1 vs. Layer-2 Blockchains: What You Must Know

Bitcoin did the heavy lifting of creating a peer-to-peer decentralized and tokenized financial network. One person can send another person halfway around the world $1,000,000 in BTC for a paltry $20, sometimes even as low as a dollar and change.  The problem is that microtransactions, such as sending a friend $4 for a cup of …

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