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From Ethereum to Tezos, Nate Maddrey explains what makes smart contracts so important to the world of NFTs

On the surface, NFTs may look identical to the millions of other images that exist on the Web. But underneath the hood, they comprise a rich network of interconnected code and data commonly known as smart contracts. Despite their somewhat misleading name, smart contracts are small computer programs that have been deployed to blockchains like Ethereum and Tezos. Smart contracts are composed of code and data. The code — basically a set of functions — can manipulate the data that is stored with the contract. This allows smart contracts to create and manage NFTs and other types of tokens…

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