NFTs are exploding in popularity these days. People are paying a lot of money for these popular unique collectible cryptocurrency assets. The possibility of earning big money is inspiring more and more people to create NFTs (Non-Fungible Tokens) in the hopes of cashing in on the current NFT craze.
One NFT monkey image by the digital artist known as Bored Ape Yacht Club (BAYC), sold for a whopping $429,000 USD. Digital artwork worth millions of dollars is currently being traded on the NFT Marketplace every day.
But let’s back up a bit. If you aren’t familiar with NFTs, here’s an overview.
What are NFTs?
The ‘Non-fungible Token’ (NFT) meaning is essentially proof of ownership of a unique, one-of-a-kind product – such as an original work of digital art. A NFT will help identify the original artwork and prove that it belongs to you – giving your artwork value over any copies that may eventually make it online.
A NFT Marketplace is a platform that makes it simple to store and sell NFTs that are then sold at auction at a set price. There are dozens of platforms that let you sell NFTs across a wide variety of NFT Marketplaces (aka exchanges or blockchains).
How To Make A NFT
If you’re keen to jump in on the NFT craze, follow these steps to get started.
- Step 1: Design What Digital Item You Want to Share . …
- Step 2: Establish Your Digital Wallet. …
- Step 3: Start by adding some Cryptocurrency to Your Wallet. …
- Step 4: Choose A Marketplace for Your NFT. …
- Step 5: Connect Your Wallet to Your NFT Marketplace. …
- Step 6: Upload Your File. …
- Step 7: Mint it and Share it.
There is merit in NFTs as a simple way to identify ownership of digital assets. Keep your eyes peeled on the NFT craze and we will see how it plays out! As with any new fad, exercise caution if you decide to ride the wave.
Still need help understanding NFTs? Contact Haarty Hanks to help you navigate this new realm of digital creating. Our team of tech experts can guide you through the process.
