NFTs 101: Token Control, Metadata, and the Rights They Do Not Prove
A protocol-first NFT guide: what ERC-721 and ERC-1155 records can show, what a marketplace listing cannot establish, and what to verify before signing or paying.
CL
CryptoLV EditorialEditorial team
·4 min read
Review and sources
Reviewed 2026-08-17 by CryptoLV Editorial. Next review: 2026-11-17.
- ERC-721: Non-Fungible Token Standard opens in a new tab
Supports: ERC-721 standardizes an interface for tracking and transferring unique token IDs, including ownership and operator approvals; metadata and enumeration extensions are optional.
- ERC-1155: Multi Token Standard opens in a new tab
Supports: ERC-1155 defines a multi-token interface that can represent fungible and non-fungible token types, with transfer and operator-approval behavior defined by the implementation.
- CFTC: Understand the Risks of Virtual Currency Trading opens in a new tab
Supports: Crypto assets can involve volatility, platform, cyber, fraud, operational, and total-loss risks; token standards do not determine market value or a safe transaction.
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