Skip to main content

NFTs on OP_NET

Introduction​

Non-Fungible Tokens (NFTs) are unique digital assets that represent ownership or proof of authenticity for items such as art, music, collectibles, and more. On OP_NET, NFTs are implemented using the OP_721 standard, an equivalent to Ethereum's ERC-721. By leveraging Bitcoin’s robust security and OP_NET's advanced features, OP_721 enables the creation and management of NFTs directly on Bitcoin.

Use Cases for NFTs on OP_NET

Developers can use OP_721 tokens for various applications, including digital art platforms, gaming assets, and collectibles.

Why NFTs on OP_NET?​

Key Advantages of NFTs on OP_NET
  • Bitcoin Security: NFTs inherit Bitcoin's decentralization and immutability.
  • Customizability: Create unique NFTs with rich metadata.
  • Low Transaction Costs: Pay gas fees in Bitcoin, ensuring cost efficiency.
  • Direct Ownership: NFTs are directly tied to Bitcoin UTXOs, enabling unique provenance.

How NFTs Work on OP_NET​

NFTs on OP_NET use the OP_721 standard, which defines how unique tokens are minted, transferred, and interacted with.

Key Features of OP_721
  • Uniqueness: Each NFT has a unique identifier (token ID).
  • Ownership: Each NFT is tied to a specific owner address.
  • Metadata: NFTs can store metadata (e.g., image links, descriptions) on-chain or off-chain.
  • Transferability: NFTs can be easily transferred between users.
Last updated on