WAAT PAPER
  • WELCOME TO THE WAAT PAPER
  • What is WAAT ?
    • INTRODUCTION
    • NFT
    • BLOCKCHAIN
  • WAAT games
    • TERMS AND CONDITIONS
    • ROADMAP
    • 👁️SOCIAL NETWORK
  • WAATITTYMATRIX AND THE SNEK
    • WAATITTY MAIN INFO
    • THE ART
    • TITTYNOMICS
    • THE TITTEAM
    • ⚠️ENIGMA GAME - TERMS AND CONDITIONS
  • WAAT RABBIT
    • MAIN INFO
  • A CROSS-CHAIN COMMUNITY
  • RAID MECHANISMS
  • ART/NFT
  • TOKENOMICS
  • WAAT RABBIT TEAM
  • WAATEDDY
    • To Be Revealed
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  • WAAT is an NFT
  • What is an NFT?
  1. What is WAAT ?

NFT

WAAT is an NFT

WAAT Games is a blockchain-native project where each part is built around unique NFT experiences.

NFTs were a revelation for the artist, offering a new way to protect digital artwork, ensure authenticity, and receive fair royalties over time.

While Part 1 (WAATitty) lives on Cardano, Parts 2 (WAAT Rabbit) and 3 (WAATeddy) will expand the project into a multichain universe, reflecting WAAT’s mission to unite communities across ecosystems through art, storytelling, entertainment and education.

In the WAAT world, NFTs are more than collectibles, they’re keys to unlock puzzles, access narratives, and be part of a growing movement.

​

What is an NFT?

NFT stands for Non-Fungible Token, a unique digital asset stored on a blockchain. Unlike cryptocurrencies such as Bitcoin or ADA, which are interchangeable (fungible), each NFT is one-of-a-kind, with its own identity and properties.

NFTs are powered by smart contracts, self-executing lines of code that live on the blockchain. Once deployed, these contracts are immutable and decentralized, meaning no one can alter them or tamper with the rules they define. This ensures the security, transparency, and authenticity of ownership.

Each NFT contains or links to metadata, which includes details such as:

  • The creator’s identity

  • The creation date

  • A description or title

  • A link to the associated digital file (artwork, music, video, etc.)

Most of this metadata is stored off-chain, while the ownership, transaction history, and essential properties are stored on-chain.

Concept
Explanation

NFT

Non-Fungible Token, a unique digital asset stored on a blockchain

Fungible vs Non-Fungible

Fungible = interchangeable (e.g. 1 ADA = 1 ADA) / Non-fungible = unique (e.g. NFT #1055 ≠ NFT #1056)

Smart Contract

Self-executing code that defines how the NFT works

Blockchain

A decentralized, public ledger where the NFT lives (e.g. Cardano, Ethereum)

Metadata

Info about the NFT (creator, title, traits, file link, etc.)

On-Chain vs Off-Chain

Ownership is stored on-chain / media files and metadata are often off-chain

Utility

Some NFTs offer more than visuals: access, games, rewards, lore…

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Last updated 2 days ago