What is an NFT & How to create your Own NFT?
Many people consider NFT’s same as other cryptocurrencies. What exactly an NFT Is? NFT’s are Non-Fungible Tokens. There are many NFT’s from smaller crafts of arts to the most popular videos. NFT’s are digital assets that people are selling on NFT’s market places. The main difference is that people buy those Non Fungible digital assets using cryptocurrencies.
To understand the concept for NFT’s let considers an example. The painting Mona Lisa is among the most expensive painting in the world the painting has not worth in itself. People who like the painting attached value to it. Similarly in NFT’s marketplaces, people create different sorts of unique digital assets and auction them. NFT Market places like OpenSea, SuperRare, Rarible & Mintable, etc are used by potential buyers than to buy those NFT’s.
The main difference in NFT’s is because of the purchase method. NFT’s are deal in crypto’s mainly those who built on the Ethereum blockchain. The most used cryptocurrency for Non-Fungible tokens is also ethereum.
How to create your Own NFT (Non-Fungible Token)?
Your NFT should be any digital asset such as a picture, logo, Videos, or even memes. When you know which thing is you are going to auction the go to one of the NFT marketplaces. Let’s Suppose you choose OpenSea. Go to OpenSea and connect your Ethereum wallet with it. Once you connected it now you can create your first NFT easily on it. Go to the create menu in the upper tab and create your collection. Fill in the necessary information. Now you are prepared to start the minting process towards the creation of your new NFT.
Different marketplaces have little bit different requirements but the creations of NFT’s are not too much difficult. It is all a matter of fact that how much your NFT create value in the mind of the buyer and he is willing to purchase it.
3 thoughts on “What is an NFT & How to create your Own NFT?”
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