Brussels, Europe Brief News – NFT is an abbreviation for Non-fungible token. Non-Fungible term is used to define uniqueness property in a sense that the particular thing or art is irreplaceable with anything.
To make it easier to understand, Bitcoin is a fungible token and if you trade one bitcoin with another, at the end of the day you will have the same thing.
But if you trade a music collection with another music collection, you will have completely different things which will be non-fungible.
Similarly, NFT is a piece of unique digital data that is stored in a block chain. It can be in the form of pictures, artwork, videos, music and many other file types.
How to make an NFT (Step by Step)
Pick your item
You have to start with something unique to turn into NFT. As you know NFT is a digital asset with a solo owner. It can be pictures, custom paintings, music and even memes.
Select your blockchain
The next step after choosing your assets, you have to select your blockchain technology to address the concern of originality.
Etherum is one of the most used blockchain systems but you get a variety of options when choosing a blockchain depending on unique features.
You can choose from Solana, immutable X, Cardano , binance smart chain and many more.
Establish a Digital wallet
Being an NFT artist, you will be concerned with how to sell NFT art. Just like cryptocurrencies, you require a digital wallet to buy and sell NFT.
You have to establish the wallet beforehand as you require a crypto fund to make an early investment. If you go with ethereum blockchain, you may have to pay a gas fee as well.
Choose your preferred NFT marketplace
Having a digital wallet and cryptocurrency means you are only a step away from creating your own NFT. At this point, you only have to look for the best marketplace you need for your NFT.
Best NFT markets
- Opensea
- Axie marketplace
- Larva labs
- NBA marketplace
- Rarible
- Super rare
- Foundation
Upload your file
At this point, you can follow step by step platform guidelines to upload your file on the platform. Your digital file will be transferred into marketplace NFT.
NFT Ideas
- NFT in metaverse
- NFT for sports
- NFT for Art
- NFT for gaming platforms
- NFT for generative arts
