A blockchain is a digital ledger of transactions maintained by a network of computers in a way that makes it difficult to hack or alter. It is decentralised, meaning no single authority holds power which offers a secure way for individuals to deal directly with each other, without an intermediary like a government, bank or other third party.

Web3 is a very broad term for the new iteration of the internet. An easier way to understand Web3 is by looking at Web1 and Web2 as well. Web1 - Dial up internet, basic web pages, read-only, one-way information. Web2 - Social media, user created content, videos, in-game purchases, the network owns the data. Web3 - ​​Virtual/augmented reality, metaverse & digital worlds, cryptocurrencies & blockchain technology, individuals own & can monetize their data.

NFTs are tokens that can be used to represent ownership of unique items. They let us tokenise things like art, collectibles, and physical goods and services. They can only have one official owner at a time and they're secured by the blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.

NFTs are individual tokens that are stored on a blockchain that contain information about a digital asset. They can be bought and sold like any asset and contain unique data that allows ownership to be easily verified and transferred between owners.

NFTs are used to store different digital assets or collectibles such as art and music. They can also be used as an access or membership token to a group, product or service.

Although NFTs are generally purchased with cryptocurrency, some platforms allow the use of fiat currency (eg.AUD/USD) and take care of the conversion to crypto and purchase for you.

NFTs are stored on a blockchain. The smart contract address that points to an NFT and its content is stored in a digital wallet.

Although anyone can ‘right click save’ the artwork of an NFT, ownership of an NFT is recorded on a blockchain and is unchangeable unless transferred or sold.

NFT technology has evolved significantly with a focus on reducing the environmental impact. Green blockchains now exist and more are being developed. Mint.St is committed to looking at ways to reduce our carbon footprint.