📚What is metadata?

NFT metadata refers to the additional information associated with a non-fungible token (NFT) that provides context, details, and properties about the digital asset represented by the token. It serves as a crucial component of an NFT, complementing the unique identifier and value it represents.

Metadata in the context of NFTs can include various types of information, such as:

1. Descriptive Information: This includes details about the NFT's title, description, artist/creator, creation date, and any other relevant textual information that provides context and background about the digital asset.

2. Visual Media: NFT metadata often includes visual representations of the asset, such as images, videos, or 3D models. These media files give potential buyers or collectors a preview of what the NFT represents.

3. Attributes and Properties: NFTs can have specific attributes or properties that define their characteristics. These can include things like rarity, edition number (for limited editions), color variations, size, or any other distinguishing features that add uniqueness to the NFT.

4. External References: NFT metadata can include links or references to external resources, such as the artist's website, social media profiles, additional artworks, or related content. These references allow collectors and viewers to explore more about the creator or gain further insights into the NFT.

5. Licensing and Rights: Some NFT metadata may specify licensing terms, copyrights, or usage rights associated with the digital asset. This helps establish the ownership rights and permissible actions regarding the NFT and its contents.

The metadata associated with an NFT is stored off chain and the URI where the metadata can be retrieved from is attached to the token itself. Storing metadata off-chain allows for more flexibility in terms of file size and media types, while on-chain metadata ensures its immutability and integrity.

In summary, NFT metadata provides additional information that enhances the understanding, value, and authenticity of the digital asset represented by the token. It includes descriptive, visual, and ownership-related details, enriching the overall experience for collectors, investors, and enthusiasts in the NFT ecosystem.