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NFT Guideline
Stéphane edited this page Aug 19, 2024
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Immutable NFTs are digital assets that cannot be altered or modified once created. ARC-3 ensures that the data and information of the asset cannot be changed. Characteristics:
- MetaData off-chain (Any URL can be used, mostly IPFS.)
Mutable URLs allow creators to modify the link's destination attached to an NFT, which can be helpful for updating information about the asset. ARC-19 and ARC-3 work together to provide mutable URLs. Characteristics:
- MetaData off-chain (Any URL can be used, mostly IPFS.)
- Use the Reserve Address to update the url
ARC-69 allows for the on-chain creation of metadata. This standard allows the creation of NFTs from an application and keeps everything on-chain.
A ARC-20 "Smart ASA" is an Algorand Standard Asset (ASA) controlled by a Smart Contract that exposes methods to create, configure, transfer, freeze, and destroy the asset.