NTF Glossary Deep Dive: Smart Contract
Ellen Britt for CNT #NFT Next up in our series exploring terms in our NFT glossary is the concept of smart contracts. Our glossary explained that a smart contract is the part of your NFT that’s not the artwork or the other actual digital asset, it’s the program on the blockchain underlying the NFT that controls its ownership and transactions. The Smart Contract So what is it exactly about this program on the blockchain that makes the contract “smart?” The code is written in such a way that the contract executes all or part of an agreement, such as the…