NFT Study Guide 2026

Art Blocks Curated collections are hand-selected by an internal curation board based on artistic merit, creativity, and innovation, making it the highest-prestige tier on the platform.

Purchasing an NFT grants ownership of the token itself, which is recorded on the blockchain. However, it does not automatically transfer the copyright or other intellectual property rights of the associated digital file unless explicitly stated in the smart contract's terms. The artist usually retains the copyright.

A smart contract is a self-executing contract with the terms of the agreement directly written into code. For an NFT, this code defines its unique properties, governs ownership, and handles transfer and sales logic automatically and without intermediaries.

A license agreement is crucial as it explicitly outlines what rights the NFT buyer receives. By default, no rights are transferred, but a license can grant specific permissions, such as personal use (e.g., as a profile picture) or even broad commercial rights to create merchandise. The license is separate from the token itself and dictates the scope of use for the associated art.

Generative algorithms achieve variety by randomly selecting values from defined parameter ranges (colors, line weights, shapes, densities, etc.), producing unique combinations that result in each piece looking distinct while sharing a cohesive visual language.

The transaction hash — a unique alphanumeric string automatically generated by the blockchain at minting — serves as the seed input that the generative algorithm uses to determine each piece's unique visual output.