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

# Collection Keys

When an gNFT collection is launched on GumBall Protocol, a corresponding amount of ERC20 tokens are also created for that collection. These **collection keys** are specific to each gNFT collection and represent a fungible version of 1 NFT. A user may mint a gNFT on GumBall, then swap to the collection key of the gNFT.&#x20;

Collection keys are what is actually bought from the bonding curve and subsequently used to mint a gNFT from the GumBall Machine contract. This was done manually in GumBall V1, with V2 introducing a zapper for users to directly deposit $WETH to mint an NFT.&#x20;

Collection keys help bridge the gap between liquidity in a collection’s bonding curve and the NFT itself, while allowing for deeper composability within DeFi. Both collection keys as well as gNFTs function similarly on GumBall in terms of staking and borrowing.&#x20;

"GBT" is used to represent collection tokens in these documents for brevity.&#x20;

<figure><img src="/files/A2IwbCmER9A9K3xDgr58" alt=""><figcaption></figcaption></figure>
