NFT

WAAT is an NFT

WAAT Games uses NFT technology because it represents the future of both art and gaming. This technology enables traceability, uniqueness, and authentication of digital files through the blockchain.

Blockchain technology allows for the secure storage of unique digital assets. Our first part, TittyMatrix, is already available on the Cardano blockchain. Stay tuned for the upcoming launches.

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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…