We hear more and more about the Non-Fungible Token, better known by the acronym NFT. Real artistic products of unique and inescapable artistic value, capable of generating considerable economic income when original or made by well-known artists. These are. encrypted digital assets containing images, videos but also any other type of content that sees the presence of a property right. In this article we take you on a discovery of NFTs, illustrating not only what they are but also how to create one.
What is an NFT
As we have mentioned, NFT stands for Non Fungible Token, an expression that can be translated into Italian as non-copyable token, that is, something that cannot be replaced.
To give a concrete example, if one cryptocurrency can be traded for another, the same is not true for A work of art: it is unique and therefore not fungible. An NFT is digital content that sees the representation of real-world objects in the form of works of art, from music to games to collections of all kinds: creativity is its very essence.
At the time an NFT is created, a Unique internal code that is written to blockchain. It is precisely this element that dictates its uniqueness, allowing it to be visible to all, but also transparent. The creator of the token will be assigned the property, with the name present within the blockchain at the time the display is made.
Using a Blockchain
As the NFT creation is blockchain-based, the exchange takes place between users through the cryptocurrency. Virtual currencies represent one of the most interesting and important digital trends, giving way for new phenomena to see the light of day: among them are NFTs.
In order to not only make these artistic products but also bring them to market, it is imperative to understand how a blockchain works and use it. It involves the use of the encryption: a method that allows information to be written securely, reliably and difficult to counterfeit. The information fielded through blockchain operations is viewable by all, according to the promotion of transparency and without any need for trust.
It may sound complicated, the interaction with a blockchain, but it absolutely is not: the important thing is to choose a platform for creating NFTs that is valid, intuitive and reliable, so as to set the most suitable parameters for the specific product.
How to sell an NFT: choosing the marketplace
Once the Non Fungible Token to be proposed has been realized, it is essential to identify the platform to create and market the NFT: the marketplace, indeed. An investment, even a minimal one, may prove necessary, as transactions are based on blockchain and cryptocurrencies. The most commonly used virtual currency when it comes to NFT is Ethereum, introduced after bitcoin and steadily expanding.
The choice of marketplace should be carefully considered when creating nft, as it is the central point within which exchanges occur. In this regard, it proves useful to take a look at the platform-specific reviews, which can provide a comprehensive picture of its actual reliability.
For the for sale, on the other hand, we point out that it is possible to accept cryptocurrencies (as always Ethereum above all) as a method of payment, selling at a fixed price, at auction, or enjoying a percentage of royalties to be received starting with the first sale and continuing with subsequent sales.
Another indispensable element is the actual parameters regarding its actual usability, starting with whether the marketplace can be enjoyed through a flawless mobile experience from smartphones and tablets. From this point of view, compatibility with Android and iOS circuitry proves optimal, so as to ensure seamless sharing with anyone who adopts the platform: those who search for NFTs and those who create them.
Last but not least, but no less crucial, it is necessary to take a look at the costs. There is no shortage of marketplaces that allow you to create NFTs for free, although account creation is still to be realized. By virtue of the features we have mentioned, the most popular marketplaces on the net are Mintable, OpenSea and Rarible.
Creating NFT: how to do it
All that remains at this point is to figure out how to create NFT. Let's look at the steps one by one, summarizing the precedents we have mentioned, to be carried out on the most common marketplaces:
- Acquire an Ethereum wallet by opening an account.
- Choose the marketplace and connect it to the account.
- Through the "create" menu item, it is possible to create a collection.
- Enter the required information.
- Save.
- The time has come when it is possible to coined in a manner unequivocal the NFT, uploading the artwork and providing all the details of the case.
- Click on Create.
- NFT ready and created.
Practical (and venal) question, we ask it for you: How much does it cost to create an NFT? It depends: the amount can range from less than a dollar to more than a thousand dollars, a decidedly wide range.
For the for sale, on the other hand, we point out that it is possible to accept cryptocurrencies (as always Ethereum above all) as a method of payment, selling at a fixed price, at auction, or enjoying a percentage of royalties to be received starting with the first sale and continuing with subsequent sales.
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