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What Is NFT (Non-Fungible Token)?

Definition

An NFT is a unique, one-of-a-kind digital token on a blockchain that represents ownership of a specific asset — unlike fungible tokens (SPL, ERC-20) where every unit is identical.

NFT stands for Non-Fungible Token. "Non-fungible" means each token is unique and not interchangeable — unlike SOL or ETH where every unit is identical. Each NFT has a unique token ID and can represent digital art, music, game items, event tickets, credentials, or any unique asset.

  • Solana — Metaplex NFT standard, compressed NFTs (cNFTs) for large collections
  • Ethereum — ERC-721 (unique tokens), ERC-1155 (semi-fungible, for game items)
  • Base — uses the same ERC-721/ERC-1155 standards as Ethereum

While CoinDevTools focuses on fungible tokens (SPL and ERC-20), NFTs are part of the broader token ecosystem. Some token features overlap — for example, Raydium's "Burn & Earn" creates a transferable NFT representing your locked LP position.

The key difference: fungible tokens (what CoinDevTools creates) are for currencies, governance, rewards, and DeFi. NFTs are for unique ownership and collectibles.

Related Guides

How to Create a TokenHow to Add LiquidityHow to Burn Tokens

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Related Terms

SPL Token
An SPL token is the standard fungible token format on the Solana blockchain, equivalent to ERC-20 on Ethereum.
ERC-20 Token
ERC-20 is the most widely used token standard on Ethereum and EVM-compatible chains, defining how fungible tokens are created and transferred.
Metaplex Token Metadata
Metaplex Token Metadata is a Solana program that stores human-readable information (name, symbol, image, description) for SPL tokens.