Ledger Wallet™ just got a major upgrade.

Take control today

A whole new level of choice, clarity and control

Trade different via Ledger Wallet 4.0

Download now Learn more

Metadata Meaning

Mar 15, 2023 | Updated Jul 18, 2023
Metadata is a basic summary about a larger set of data. Metadata helps users understand the nature and context of a larger set of data.

What Is Metadata?

Metadata is essentially a data that describes another data. Think of it as the synopsis of a book. Just like the book synopsis gives a brief overview of the story and what to expect, metadata provides information about a particular piece of data. 

For example, if you take a photograph with a digital camera, the metadata associated with that photograph might include information about the camera used, the date and time the photo was taken, the location where the photo was taken, and other details. This can be helpful in organizing and searching for specific files, and can also provide context and additional information about the file itself.

There are many different types of metadata – let’s look at how it would appear for an NFT.

Say you have an NFT that represents digital artwork. The metadata for this NFT might include:

  • Title: “Mystical Forest”
  • Artist: John Doe
  • Description: A beautiful digital painting of a mystical forest, with vibrant colors and intricate details.
  • Date created: March 15, 2023
  • Dimensions: 5000 x 5000 pixels
  • File format: JPEG
  • Edition: 1 of 1 (meaning this is the only copy of the artwork in existence)
  • Blockchain: Ethereum
  • Token ID: 0x123456789 (a unique identifier for this NFT)

It provides the details and characteristics of an NFT for users to read and understand.  It provides important information about the NFT and the artwork it represents, such as who created it, when it was created, description, name, etc. This helps users to understand its traits, history, and value.

An NFT’s metadata is usually formatted in a JavaScript Object Notation (JSON), and typically includes a link to view the NFT as a Jpeg, MP4 or audio file. 

Where can I find NFT’s Metadata? 

It can be found using the blockchain’s explorer. For NFTs that use the ERC-721 and ERC-1155 token standards, users can also employ Etherscan to verify the authenticity of the NFT, transaction history, and its metadata. 

InterPlanetary File System (IPFS)

An InterPlanetary File System (IPFS) is a distributed, peer-to-peer system for sharing, storing and accessing files, digital data, applications, and websites.

Full definition

MACD

MACD (Moving Average Convergence Divergence) is an indicator that shows the relationship between two moving averages of an asset’s price.

Full definition

Buy Wall

A buy wall is the result of a large buy limit order(s) placed on a cryptocurrency when it hits a certain price. Automated trading algorithms are responsible for most buy walls.

Full definition

Own your crypto future

Stay informed with security tips, updates, and exclusive offers from Ledger

Your email address will only be used to send you our newsletter, as well as updates and offers. You can unsubscribe at any time. Learn more

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.