How to tell whether an asset is NFT

humblefool · June 29, 2022, 1:59pm

There are 2 standards for NFT’s on algorand.

ARC-3
ARC-69

algorandfoundation/ARCs/blob/main/ARCs/arc-0003.md

---
arc: 3
title: Algorand Standard Asset Parameters Conventions for Fungible and Non-Fungible Tokens
status: Final
discussions-to: https://github.com/algorandfoundation/ARCs/issues/3
---

# Algorand Standard Asset Parameters Conventions for Fungible and Non-Fungible Tokens

## Summary

This document introduce conventions for the parameters of Algorand Standard Assets (ASAs) for fungible tokens and non-fungible tokens (NFTs).

## Abstract

The goal of these conventions is to make it simpler for block explorers, wallets, exchanges, marketplaces, and more generally, client software to display the properties of a given ASA.


## Specification

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github.com

algorandfoundation/ARCs/blob/main/ARCs/arc-0069.md

---
arc: 69
title: Community Algorand Standard Asset Parameters Conventions for Digital Media Tokens
status: Living
discussions-to: https://github.com/algorandfoundation/ARCs/issues/64
---

# Community Algorand Standard Asset Parameters Conventions for Digital Media Tokens

## Summary

We introduce community conventions for the parameters of Algorand Standard Assets (ASAs) containing digital media.

## Abstract

The goal of these conventions is to make it simpler to display the properties of a given ASA. This ARC differs from [ARC3](https://github.com/algorandfoundation/ARCs/blob/main/ARCs/arc-0003.md) by focusing on optimization for fetching of digital media, as well as the use of onchain metadata. Furthermore, since asset configuration transactions are used to store the metadata, this ARC can be applied to existing ASAs.

While mutability helps with backwards compatibility and other use cases, like leveling up an RPG character, some use cases call for immutability. In these cases, the ASA manager MAY remove the manager address, after which point the Algorand network won't allow anyone to send asset configuration transactions for the ASA. This effectively makes the latest valid ARC-69 metadata immutable.

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You need to check if asset metadata matches any of these ARC standards.

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How to tell whether an asset is NFT

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