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The Basics of NFT Marketplace Development | Binary Informatics NFT is a term that you’ll be hearing a lot more as it becomes mainstream. NFTs are a form of crypto-property, or digital collectibles, that are governed by smart contracts. The way in which you can acquire NFTs is by interacting with a decentralized app on the Ethereum blockchain. You then use Ethereum as the infrastructure to buy and sell NFTs, and by doing so you effectively create an NFT marketplace. The most important thing to understand about NFTs is that there is no standard for them. A smart contract is where NFTs are stored, traded, and traded. If you wanted to build an NFT marketplace, you have to find a way to store and trade these digital collectibles.
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