The Real Turth Behind NFTs

Wondering if you should get into NFTS, but don’t know if there for you

There are those who are buying and selling NFTs for incredible amounts of money

What will you find here.

what the heck is an NFT

The Ultimate reason To WHY You Should CREATE YOUR OWN NFT.

The Truth About HOW DO NFT WORK

Technique To Make Your Own NFT

awesome platforms to your own create NFT

Have you been wondering what is all the hype with NFTs.

Contemplating whether if they are for you? Or are you just what they are and who they are for,

There are a few people who are buying and selling NFTs for awesome amounts of money.

Wondering how you can get in on the action?

It was set up as a way for artists and creators to sell their Creations online directly, It is up to you to decide if it is everything they are cracked up to be?

But the highest priced NFTs are not exactly what you would consider High-end art. So why are some Of these collectibles being sold for 50, 60 thousand dollars, it maybe because of their famous creators?

They are based on cryptocurrency based which based is on the blockchain. The main difference being cryptocurrency is a re-fungible coin and NFT Is a non re-fungible coin. NFTs are usually unique, Mostly based on a one-of-a-kind work of art.

what the heck is an NFT

Is a non-fungible token it itis a unit of data stored in a digital Ledger call the blockchain that certifies the digital assets To be unique and non-interchangeable item.

The Ultimate reason To WHY You Should CREATE YOUR OWN NFT

the original creator can even automatically receive royalties.

It free sorta there something called gas fees (more on that later).

When creators sell their content, funds go directly to them.

No one can manipulate it in any way.

You can easily prove you created it.

power a new creator economy where creators don’t hand ownership of NFT.

They Can be held indefinitely secured by your wallet on Ethereum.

You determine the scarcity.

You can earn royalties every time it’s sold.

You can sell it on any NFT market or peer-to-peer.

You’re not locked into any platform.

you don’t need anyone to intermediate.

The Truth About HOW DO NFT WORK

Most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency. It is blockchain also supports these NFTs, which store extra information that makes them work differently from a normal ETH coin.

So before you rush off and make your own there is a downside

Platforms are crowded and Unorganized,

The gas fee to create or sell the fluctuate with a price of ethereum.

There is a risk of counterfeiting.

It is mostly famous artists that make money selling of their NFT .

The high Environmental impact for the value of making a NFT.

There 1000s of cryptocurrency Miners trying to via for the rewarded of performing the transaction.

Decentralized Authority means Lack of support when things go wrong so to speak.

Technique To Make Your Own NFT

Join MetaMask

Buy/transfer ETH

Register with OpenSea or other platforms

Create your NFT

When creating an NFT from a JPG file, you can determine how much commission the creator will receive each time the file is transferred from one user to another. You can also add information to the image, such as hyperlinks, the number of copies to make, in secret.

https://youtu.be/Buq9xosvxX0

Some awesome platforms to your own create NFT

Openedsea

rarible

VeVe. VeVe

. …

MakersPlace

Foundation

Arkane Network. …

Nifty Gateway

As you can see there are No guarantees but benefits to creating your own NFT could be a bit like winning the the lottery.

The market is quickly becoming saturated. It is usually only if your were a well-known artist or other famous individuals, that has a large following are selling at such inflated prices.

But There was fourteen year
old kid that sold his for millions of dollars.

So It may be worth your wild to mint a NFT. The risk is low but the possibilities are Unlimited. It’s probably a lot safer than investing in them, at least anymore then it cost to make them.

what do you think unique, collectibles or don’t quit my day job

Source: https://medium.com/@unlimitedposiblities/the-real-turth-behind-nfts-6a4c33f41af9?source=rss——-8—————–cryptocurrency