First of all let’s say few words about general concept of NFT.

What does NFT stand for ?

A non-fungible token is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create. NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible.

Now, we are more or less familiar with the regular NFTs. So, what does Smart NFT mean?

Smart NFTs

Smart NFTs build on the general NFT concept and take things to the next level by adding properties like time-based access and infusing the NFT with other assets. Smart NFTs allow for time-based access, meaning that the buyer will only have ownership of the NFT for a specific period of time.

Some people believe that Smart NFT technology also has the potential to bring digital efficiency to a lot of different markets, as well as take digital art, video games and music to another futuristic level.