What is an NFT collection?

Created by Karel Striegel, Modified on Sun, 11 Sep 2022 at 09:45 AM by Karel Striegel

An NFT collection is an assortment of digital assets released by an artist, brand, or company containing a limited 

number of individual NFTs. Typically, most NFT collections consist of numerous NFTs that all conform to the same artistic style, with slight variations across each unique token.

The most commonly known collections include CryptoPunks, Bored Ape Yacht Club, and Cool Cats. But, of course, there are hundreds if not thousands of other such collections.

An NFT collection is in its purest form a smart contract that lives on the blockchain. A smart contract is the foundation of all NFT collections. Think of it as the key that can unlock a specific door. In this case, this key is what can verify the authenticity of an NFT, or rather, your entire collection.

With a smart contract, we can assign a unique token for each individual NFT in a collection. This way, whoever owns the NFT – he or her has actual blockchain proof of the authenticity of that specific asset.

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