NFTs are unique, tradable items that have swept the internet in recent months.
Some virtual assets sell for millions of dollars, but most people still don’t have a clue as to what they are or where they can be bought and sold.
How do I create an NFT?
- Choose what you want to create-
NFTs can be created to virtually represent real items such as artwork, music, digital trading cards, movies, video footage and other collectibles.
Creating your own NFT artwork is relatively easy and does not require extensive knowledge of the crypto industry.
- Choose a blockchain-
Before we start, we need to decide which blockchain will issue the NFT.
According to CoinDesk, Ethereum is currently the leading blockchain service issued by NFTs.
- Get ready for sale-
If you choose Ethereum as your blockchain, you will need the following to create an NFT:
The first seller will need an Ethereum wallet such as MetaMask, Trust Wallet, Coinbase Wallet.
Next, you will need about $ 50- $ 100 for ether.
Once you have these, you can connect your wallet and upload the music, images, or files you want to convert to NFT.
How do I buy or sell NFTs?
Buying an NFT, like any other collectible, is a risky bet on increasing value.
If there is no demand for NFTs to buy, you will end up paying a lot for things that are less valuable or cannot be sold.
As NFTs are still a new market, it is unlikely that they will have the same demand as other physical items such as trading cards, art and classic cars.
You can create your own NFT, but there is no guarantee from the buyer and it can be a waste of time and money.
Many items sold as NFTs already have huge amounts of cash.
March 22, Twitter boss Jack Dorsey Sold his first tweet Over $ 2.9 million (£ 2.09 million).
American billionaires have promised to donate all their cash to a charity fighting Covid-19 in Africa.
Similar to Bitcoin, you can buy and sell NFTs on specialized online marketplaces.
Here is a list of the most popular ones:
- High seas
- Super rare
- Atomic Market
- Mythical market
- Bakery Swap
- Known origin
- Enjin Marketplace
How to create, buy and sell NFTs
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