I still find NFTs slightly mysterious. Is it possible to think of an NFT in terms of existing token contracts, as the T in the name suggests, e.g. would it be fair to say the following definition constitutes an NFT, if perhaps not the most advanced NFT standard of course:
A regular token contract on a blockchain, where:
- Max supply = 1
- Total supply = 1
- Circulating supply = 1
- Decimals = 0
In which case an NFT at the most basic level could be viewed as an edge case of a regular token contract. I realise there are standards/protocols surrounding the development of NFTs bit I'm just trying to get to the core of what an NFT is in terms of regular tokens.