How do PUDGY PENGUINS NFT come into existence?

PUDGY PENGUINS NFTs come into existence through a process called minting. Minting refers to the creation of unique and indivisible digital assets, known as non-fungible tokens (NFTs), on a blockchain platform. In the case of PUDGY PENGUINS, a team of artists and developers likely collaborates to design and create a collection of unique penguin-themed images, animations, or other digital assets. These assets are then linked to specific tokens on a blockchain, typically the Ethereum network, ensuring their authenticity, scarcity, and ownership. Once minted, PUDGY PENGUINS NFTs can be bought, sold, and traded in various online marketplaces, enabling collectors and enthusiasts to own a piece of this distinctive digital artwork.

This mind map was published on 15 August 2023 and has been viewed 56 times.