Let’s say that you have created an NFT. You minted your very first file.
Then, a question occurs…
What is actually my NFT?
Is it a Code? Is it a hash?
What is behind my GIF?
For this article, we will use an example from the amazing website [schoenherr.eu].
What is my NFT code after minting? Is it an address or a hash?
After minting an NFT you get this long-a** information of the digital file.
This is the data that stands behind a GIF. It can be long (entire data set of an artwork) or short. This data foes into the blockchain and is saved there forever.The longer the data, the higher energy consumption => higher electricity bill => higher transactional costs.
It can look just like this:
creating a NFT smart contract and minting NFT.
Code source: schoenherr
So what data does my NFT include?
Your NFT can stor the following data on the Blockchain:
- The token ID
- The owner’s address
- A link to the actual artwork with the metadata of the NFT
- The name of the artwork
- Artwork Description
- A link where the artwork is stored
- License agreement
- Other… ?
This is an example. Different NFTs store different information.
What is an NFT hash?
A hash value is a “unique and reproducible alphanumeric value from a specific data set” calculated from the artwork. (Schoenherr.eu). This is how your NFT remains permanently linked to the artwork and the associated data.
NFT Ownership & Hash: How do you check the owner of an NFT?
You need to know the alogirhtm used for the NFT creation. Then, you can check who is the ownr of the NFT – meaninf the assigned to the respective token holder,and the hash valuestored in the blockchain.