What Is A 1/1 NFT?
A 1/1 NFT is considered a special and unique collectible, which is present in a single piece none is like this one. It is not comparable with other NFTs, because of its uniqueness, rarity, and limited supply. It is a unique asset with a unique mint number.
When projects are launched, they take care of that one-of-one NFT holds its specialty and the difficulty to own it. The mint number decides its importance and rarity. For example, in the NFT collection, one NFT has mint number 3 and the other 10. In this, case 3rd one is rare and more valuable than the 10th one.
Different types of one-of-one NFTs are:
• Sports collectibles
• Digital Art/ Paintings
Explore most asked questions and answers related to NFTs from here: Best Questions And Answers On NFT