Welcome to the Vibe Tribe MultiversX ecosystem.

ESDT stands for MultiversX Standard Digital Token. Custom tokens at native speed and scalability, without ERC20. The MultiversX network natively supports the issuance of custom tokens, without the need for contracts such as ERC20, but addressing the same use-cases. And due to the native in-protocol support, transactions with custom tokens do not require the VM at all. In effect, this means that custom tokens are as fast and as scalable as the native EGLD token itself.

The MultiversX protocol introduces native NFT support by adding metadata and attributes on top of the already existing ESDT. This way, one can issue a semi-fungible token or a non-fungible token which is quite similar to an ESDT, but has a few more attributes, as well as an assignable URI. Once owning a quantity of a NFT/SFT, users will have their data store directly under their account, inside the trie.

It is crucial because these two prove that the NFTs come from a verified source. The NFT project should always show the collection ticker and minter smart contract to gain trust.