> For the complete documentation index, see [llms.txt](https://the-jolly-roger.gitbook.io/the-jolly-paper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://the-jolly-roger.gitbook.io/the-jolly-paper/introduction.md).

# Introduction

With this whitepaper, we would like to introduce the entire NFT community to The Jolly Roger NFT, a community-driven NFT project on the ETH blockchain. 

This paper will explain what our project stands for, the idea behind it, and what we strive to achieve. Furthermore, an in-depth overview will be given regarding the utilities, NFT distribution, and more.

NFTs are unique tokenized representations of scarce digital files that are exchanged on public blockchains. With more than $1.5B in NFT transactions generated in the first quarter of 2021, NFTs are gaining momentum through collections of digital-first memorabilia from fan-favorite.

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<figure><img src="https://3282363373-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FBcjDU7KV3ikwDlH4wZ4O%2Fuploads%2F3gc4yNg3dpvafGCkpgHb%2Fnft-trade-volume-by-chain.png?alt=media&amp;token=1bc3f2e5-bc7e-467d-9c1c-520aecacf424" alt=""><figcaption></figcaption></figure>