What is it?
An encrypted NFT is a digital asset that uses encryption to secure its content. It is unique and stored on a blockchain.
Tech Understandability: Intermediate
Simple One-Sentence Definition
An encrypted NFT protects its digital content with encryption.
Analogy or Comparison
Think of an encrypted NFT like a locked treasure chest. You need a key to open it and see what’s inside.
Why it matters?
Encrypted NFTs provide privacy and security for digital art and collectibles. They ensure that only the owner can access the content.
Fun Fact
Some artists use encrypted NFTs to release exclusive art to their buyers.
Related Terms
NFT: A non-fungible token is a unique digital asset that represents ownership of a specific item on a blockchain.
Blockchain: A blockchain is a digital ledger that securely records transactions across many computers.
Encryption: Encryption is the process of converting information into a code to prevent unauthorized access.
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