In particular, the expertise for royalties and smart contracts, from which NFT owners can profit in the long term, are among the essential features of an NFT. The so-called smart contract is a digital contract that defines the framework conditions for the buyer and seller of an NFT and can be used creatively.
With their decentralized app, loyal community followers can mine or create their NFTs. A DApp is an application built on a decentralised peer-to-peer blockchain. In this way, dApps store data and source code in a decentralised manner and make the application secure from centralised intervention.