Overview
Provenance is the history of ownership of an item, tracked on-chain for NFTs. It verifies authenticity and lineage. Provenance is a key value driver for digital assets.
How It Works
Each transfer of an NFT is recorded on-chain, building a public ownership history. This proves the item’s origin and past owners. It authenticates the item.
Why It Matters
Provenance establishes trust and value for collectibles and art. It prevents forgery and enables attribution. It is a unique blockchain benefit.
Related Concepts
Provenance relates to NFTs, Digital Scarcity, and Ownership. It records Item history.