In all likelihood, you would have seen Beeple’s (Mike Winkelmann) digital-only artwork selling for $69M by Christie’s as an NFT. While crypto technology and concept have been around, a sale of this magnitude has raised widespread interest in NFT. The jury is out on what you can sell your NFT for, but making one is straightforward.
What are NFTs?
NFT stands for Non-Fungible Token. It is a digital asset and what makes it unique from stock photos is the token associated with the asset. This combination of asset and token makes it non-fungible and guaranteed by blockchain technology. You may compare it to original artwork or maybe an autographed print copy or digital trading cards.
ERC-721 is the most popular Ethereum standard for NFT. In the non Ethereum world, FLOW is popular in NFT with incredible partnerships like theirs with the NBA. In addition to making unique items non-fungible using tokens and bringing in portability, the smart contracts of NFTs brings in long-term royalty opportunities to the artist. This allows the artist to hold copyright and royalties and verify them in real-time. Thanks to blockchain technology, it’s going to make it very difficult, if not impossible, to steal or fake NFTs. And then there’s the added advantage that you don’t need to invest heavily in preserving your NFT art; however, long-term file format compatibility is a concern.
Creating your NFT Art
An easy start into NFT is a self service marketplace like OpenSea or Mintable. But if you are more of a developer than an artist, here are trending libraries that help you publish your own NFTs.
Find more from kandi collections. https://kandi.openweaver.com/collections/blockchain/experiment-with-nft
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