If you’ve ever lived under a rock, you might have missed it Mad NFT Global which lasted for two months. You probably haven’t, so you may have seen something related to NFT somewhere on the web while you were browsing.
As of January 2022, NFTs traded over $3.2 billion in a single trading volume The market space is called open sea. Let’s find out in this article all about NFTs, why they are so popular and what exactly are theirs purpose in the world.
Having said all that, you might be wondering, how can I To enter the NFT game? Can I own and sell NFT for millions of dollars?
First of all, what exactly are NFTs? Well, this article will explain everything to you.
You may have heard that Mike Winkelman – the digital artist known as Beeple, sold his NFT collection for $69 million. early 2021.
These numbers have caused many people to wonder if they can get NFT ad train And since you’re reading this article, you’re probably in that group. In fact, we don’t blame you. NFTs in trend Experts say this phenomenon will not be short-lived and that we may look to the future of the NFT-dominated world.
We will also see how you can invest in NFT and how you can do it Create your own Which could become the next major in the coming months. But, before we delve further into NFTs, let’s first see what that means NFT.
First of all, let’s debunk the acronym. NFT (non-replaceable tokens) They are basically digital codes stored on the blockchain.
What is NFT?
First of all, we want to say that we don’t judge you if you don’t know what NFT is. Although at the moment it is a file global phenomenonWe guarantee that many people think they know what NFTs are, but they don’t really know. You won’t be like them anymore and we’ll explain in detail what NFT means and why NFTs are very popular.
Simply put, NFTs represent the property that one can have in a particular digital file. This file can be anything: artwork, song, cartoon, or book. There are endless possibilities.
These files are not exactly stored on the blockchain – to be more specific, the link to the file is stored on the blockchain, along with a token that looks like proof of ownership of that particular item.
However, blockchain is often mentioned along with cryptocurrencies, but that does not mean that NFTs are the same. In fact, there is a fundamental difference. In crypto, every currency is the same (there is no reason why you would prefer a particular bitcoin over another), but in the NFT world, every NFT is unique.
If you want to learn more about NFTs and delve into the topic of how they fit into the digital world and why they are so popular, this is Our other item It might be a good place to start.
Now, a quick disclaimer before we start explaining how to create your own NFT.
NFT can be almost any digital file, But some files are more preferred than others. Photos, videos, or digital artwork are at the top of the list, and many people buy them for unbelievable amounts of money.
How to create your own NFT on OpenSea?
Before starting the process, You need to prepare your wallet. Some of the best wallets available are covered in our other article, but for the purposes of creating an NFT, we recommend that you create a wallet Metamask: It’s very easy and only takes 2 minutes.
If you want to follow a step-by-step guide on how to create a Metamask wallet, we suggest you take a look at this video from MoneyZG.
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NFTs are the future
Content Writer, born 1997. I have a Bachelor’s degree in Operational Management and I am currently trying to get a Master’s degree in a college Regulatory Sciences in Belgrade.
I have been a passionate writer since I was a child and over the past 3 years I have been involved in many projects writing on different topics. I love doing research and
Find out what topic I’m writing about – you can call me a perfectionist. I’m driven by detail and do better when I have my morning coffee by my side. In October 2021, I joined
The trend team is online as a writer and intent on bringing the best possible articles to our readers. my goal? To be the best possible version of myself.
My motto: Be yourself. Everyone is already taken!.