What is blockchain and how does it work?

Each NFT is digitally stored on a blockchain, the most popular being Ethereum. When an NFT is created, or “minted,” it is given a digital identity.  The history of the NFT is archived like a public accounting registry on the blockchain.  This digital ledger is described as a “chain” composed of each individual “block” of data.  These blocks of data are stored across various computers, or nodes, that synchronize to maintain the security and authenticity of each NFT.

In addition to the history being stored, artists can attach and store unique information inside each NFT.  They are much more personal in design, which can influence their sales.