Hello to all PUBLISH0X platform readers. Today, I say let's see what NFT is. Because I think everyone thinks that with hearsay information, they can earn a lot of money by doing digital art.
To determine whether this is easy or difficult, it is necessary to examine the NFT subject and platforms in detail.
Non-Fungible Token (NFT) are digital assets that are unequaled by their shortest definition. Many digital assets, from collector products to virtual shoes, from virtual game contents to digital properties, digital versions of very famous works of art can be NFT's. The essential common feature of all is that they are digital and unique.
NFTs are produced using blockchain technology, mostly with Ethereum token standards. However, unlike crypto currencies, they are traded in the ERC-721 and ERC-1155 standards, not in Ethereum's ERC-20 standard. (What the ERC-20, ERC-721 and ERC-1155 standards are will be discussed in another article.)
So Why Are NFTs Valuable?
All NFTs contain unique information and are easily accessible. It reveals the advantages of having a product digitally compared to a physical product with a collection value. By preventing the production and reproduction of counterfeit products, it ensures that all information about the originality of the digital asset is obtained from the previous owner and manufacturer.
Unlike crypto assets, NFTs cannot be exchanged among themselves. The fact that each is unique ensures that each has distinct characteristics and prevents the two entities from being equal.
If we are to give an example from daily life, NFTs can be thought of as a movie ticket. Since each ticket will contain a different hall and date, the movies to be watched, the seat location and the personal information of the person buying the ticket, and provide the owner with a unique view of the hall, all tickets are in fact unique and therefore it is not possible to exchange tickets equally.
NFTs mainly enable artists to produce art as well. With the delivery of works to all parts of the world, the production of digital works has become widespread, and it has made it possible to bring together buyers and producers more easily by preventing intermediary institutions.
In addition, the criteria for copyrights, which have not reached a standard among the countries of the world, in case the purchased work changes hands, the rights of the artist are protected with the copyright details and the producer has a share in the next handover. The Star Trek captain actor William Shatner, for example, processed digital cards made up of his own photographs and sold them. In the event that these cards change hands, it also gets a share as its producer.
Image: WAX Blockchain
William Shatner and WAX Blockchain have created a set of digital trading cards that feature personal pictures from the actor's movie and TV career as well as his personal life.
Image: Chritie's
The highest value NFT sale to date is that crypto artist Beeple has auctioned at Christie's " Everydays: The First 5,000 Days. This work was the first NFT sold in a historic auction house and signaled a new institutional legitimacy for the burgeoning market. The digital art work in jpg format, a compilation of 5 thousand pieces by Beeple, was sold for $ 69.4 million after the auction that started on February 25.
(Mike Winkelmann is an American graphic designer.In May 2007 he drew an image of his Uncle Joe, called it Uber Jay (Mike's nickname for his uncle) and shared it online. The next day he made another image and once again posted it online .He did the same thing the next day, and then the next day.
In fact, every day for the past 13 years Mike has uploaded a new image. You can see them on his Instagram feed 'beeple_crap': Beeple being his nom de plume when in graphic artist mode. Read more )
NFT Platforms
You can see the famous NFTs that are sold at very high prices by searching in search engines.
When High Value NFTs are examined, it is understood that they are not ordinary creations, they all have a story, their manufacturers have a high number of followers or funs, and they have background features.
Apart from these famous NFTs, there are also unknown NFTs produced and exchanged with very good values in their own class. There are many stories on the internet that say "I sold nft, I earned the money I needed". True or false, you can also sell your own digital artworks as nft on the marketplaces.
NFT markets have become a common square for all well-known or unheard artists (including you if you believe you have artistic talent). The reason for this is that a new understanding of digital art has emerged with the entry of art into the blockchain world, and it is possible for artists to reach art lovers all over the world through blockchain technology.
With the introduction of blockchain technology into our lives, unique tokens called Non-fungible tokens (NFT) have become the cornerstone of crypto art.
NFTs sold for thousands of dollars were enough to surprise some. So, what are the biggest NFT platforms where everyone, including you, can access NFT artworks, create their own NFTs, display and sell them?
NFTs are put up for sale in marketplaces and the procedures differ from platform to platform. Basically, you upload your digital content to the marketplace and then you convert your content to NFT by following the commands on the screen. You will also be asked to provide an introductory text for your content, and a suggested price. Most of the NFTs are purchased with ethereum and some of them are purchased with ERC-20 symbols . Most NFT platforms require buyers to have a digital wallet and use cryptocurrencies platforms like Ethereum, World Asset eXchange (WAX) or Flow.
Some traditional auction houses have already started to get in on NFTs. Platforms like Nifty Gateway, Super Rare, and Foundation provide artists with around 10% royalties on any future sales of their work.
NiftyGateway
A premier marketplace for NFTs, or colloquially known as Nifties, NiftyGateway was founded with a mission to make them accessible to everyone. Anyone can apply to create with the platform. Tokens you purchase here will be listed under your profile and you can withdraw them to your wallet or an external account. At the same time, you can also import nifties from external wallets into your Nifty Gateway account. Click here for more detailed information.
OpenSea
It is the largest marketplace for digital goods, including collections, digital artwork, game elements and other digital assets. OpenSea is powered by a blockchain like Etherereum.
It is a decentralized marketplace that offers trade through a smart contract, meaning that no central authority is under surveillance. The public platform offers artists a free collection and an item printing tool to create NFTs without a single line of code. Click here for more detailed information.
SuperRare
SuperRare, a peer-to-peer marketplace for NFTs built on Ethereum, describes itself as "Instagram's meeting with Christies". Still in early access, the platform only hosts a small number of carefully selected artists. However, through the form on their website, you can submit your artist profile and get on their radar for their full release next year. Click here for more detailed information.
Foundation
A creative community-curated playground for artists, curators and collectors to experience the new creative economy, Foundation was launched in February 2021 Click here for more detailed information.
Rarible
A premiere NFT marketplace, Rarible is a software allowing digital artists and creators to issue and sell custom crypto assets that represent ownership in their digital work. It is both a marketplace for those assets, as well as a distributed network built on Ethereum that enables their trade without a middleman. Click here for more detailed information.
MakersPlace
A marketplace to discover and collect unique digital creations, MakersPlace empowers digital creators, such as artists, photographers, writers, and more, with the tools to protect and sell them to their fans and collectors. Open for all
NFT Showroom
A digital art marketplace, NFT Showroom is built on Hive, a fast and free blockchain that makes creating and collecting rare digital art simple and accessible. Open for all and welcoming all art styles and levels of experience Click here for more detailed information.
Decentraland
The first fully decentralized virtual world where users can create and make money on the things they build and own, Decentraland's mission is to hand over control to the people who create and play in this virtual space. Click here for more detailed information.
Mintable
Mintable is completely free to mint your first NFT. Turn any creation into an item on the blockchain. Trade digital items on Mintable to easily earn crypto.
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