NFT Basics

Minting is the moment an NFT is created. When you mint an NFT, a transaction on the blockchain writes a brand-new token into existence and records your wallet

NFT content throws a lot of jargon at beginners — much of it borrowed from crypto generally, some of it unique to collectibles, and a few terms that mean

Before many NFT mints, the project publishes a whitelist — also called an allowlist — a list of wallet addresses pre-approved to mint. Being on it usually

Browse any marketplace and two broad kinds of NFT dominate: profile-picture collections — the cartoon avatars that made NFTs famous — and NFTs that do

When you buy an NFT, what lands in your wallet is not a picture — it is a token that points to information. That information is the metadata: the name,

Minting an NFT means creating it on the blockchain yourself — usually directly from the project that made it — rather than buying one somebody else already

If you buy, sell or create NFTs in Australia, the tax side can feel murky — and it genuinely is, because there is no single "NFT tax rule". The Australian