# Non-fungible token

## Definition

A non-fungible token is a blockchain token whose individual token ID represents a distinct item, position, right or record rather than an interchangeable unit.

## What it means in practice

ERC-721 and some ERC-1155 assets are common NFT implementations on Ethereum-style networks.

## How this concept appears in Terenval Wallet

If a compatible dApp requests an NFT transaction through Terenval, the wallet is signing a smart-contract action on the selected network.

**Important:** NFT ownership does not automatically grant copyright, redemption rights or guaranteed market value.

**[Install Terenval Wallet](https://wallet.terenval.com/?lang=en)**

## Related terms

- [NFT](https://wallet.terenval.com/glossary/nft/)
- [erc 721](https://wallet.terenval.com/glossary/erc-721/)
- [erc 1155](https://wallet.terenval.com/glossary/erc-1155/)
- [token](https://wallet.terenval.com/glossary/token/)
- [smart contract](https://wallet.terenval.com/glossary/smart-contract/)
- [walletconnect](https://wallet.terenval.com/glossary/walletconnect/)

## Related Terenval Answers

- [Can One Crypto Wallet Manage Multiple Blockchains?](https://wallet.terenval.com/answers/can-one-crypto-wallet-manage-multiple-blockchains/)
- [How to Send Crypto Safely Between Wallets](https://wallet.terenval.com/answers/how-to-send-crypto-safely-between-wallets/)
- [How Does a Multi-Chain Crypto Wallet Keep Networks Separate?](https://wallet.terenval.com/answers/how-multi-chain-wallets-keep-networks-separate/)

## Sources

- https://ethereum.org/en/developers/docs/standards/tokens/
- https://wallet.terenval.com/info/security/

Official page: https://wallet.terenval.com/glossary/non-fungible-token/