A non-fungible token (NFT) is a unique digital code that represents some sort of digital asset (i.e. photos, videos, or audio). Simply put, an NFT is a unique digital item that is located on a database (blockchain) and guarantees the originality and uniqueness of the item, which guarantees the right to own it. Each NFT is different and contains identifying information recorded in its smart contract; they are characterized by their unique qualities, as well as authenticity.

Blockchain is a system of recording information making it difficult or impossible to hack, edit or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. In other words, the blockchain is a shared transaction log with a non-editable history and built-in security.

The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, a blockchain is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed. This is why blockchains are also known as a distributed ledger technology (DLT).

Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome.

Once pushed to the blockchain, these contracts can not be changed unless otherwise specified prior to deployment.

Gas fees are payments that users have to make to compensate for the computational energy required to process transactions on a blockchain. Gas fees are similar to the processing fees credit cards may charge for transferring money to various accounts or for paying bills.

NFT gas is the fee paid to execute transactions on the blockchain. These fees are used to pay the people who operate the computers that execute the transactions. Gas fees are determined by the current demand on a blockchain, at the time of a transaction.

Note: Gas fees aren’t typically a concern for general users as the fees are handled or consumed by your crypto wallet and/or app.

Cryptocurrencies are, by their very nature, fungible. This means one Bitcoin is equal to another Bitcoin.

NFTs (Non-Fungible Tokens) as their name suggests, are not equal, and one Bitcoin equals another Bitcoin, but one NFT does not equal another NFT. Each is distinct, unique, and valued differently depending on their perceived value and demand.

Frogmen Mint. Also, more instructions coming soon.