A smart contract is the code that powers your NFT. It tells the blockchain that your NFT exists, is yours, and what it consists of.
Each time you create a Collection on Foundation, you are creating a new smart contract.
We make it as easy as possible for you to mint an NFT without having to worry about the technical specifics happening behind the scenes, but this doesn’t mean that you shouldn’t care about your smart contract.
First, and most importantly of all, your smart contract should be owned by you.
You have complete ownership and control over your Foundation NFTs, and you can take them wherever you like. Some NFT marketplaces don’t tell you that if you mint on their platform, the contract might be under their ownership.
On Foundation, you own your NFTs — period.