cRYPTO Glossary

aNFTs (Autonomous NFTs) are non-fungible tokens that can be programmed to initiate their own transactions. Every aNFT is a self-contained, self-executing entity that can be designed to perform any on-chain action in response to specific on and off-chain conditions.

Explanation of Specific Terms:

• Non-fungible token (NFT): A unique digital asset that represents ownership or proof of authenticity of a specific item or piece of content.
• Autonomous: Refers to the ability of the NFT to operate independently based on predefined conditions and instructions.
• On-chain action: Actions executed directly on the blockchain, such as transferring assets or interacting with smart contracts.
• Off-chain condition: External events or data triggers that can initiate actions by the aNFT.

Key Points for Beginners:

• Why it's important: Autonomous NFTs introduce programmable and automated capabilities to digital ownership, enabling new forms of interactive and dynamic digital assets.
• How it works: Developers can code aNFTs with scripts or smart contracts that dictate their behavior. For example, an aNFT could automatically transfer ownership based on a payment received, or initiate a specific action when certain conditions are met.