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What is an NFT: Everything You Need to Know

what does nft stand for? you always listen this thing called NFT so what does nft meaning? non–fungible tokens, are unique pieces or collections. In other words, NFTs are digital files such as pictures, Audio, Video even a domain name can be an NFT, there’s nothing cool like an explosion of blockchain news. In this article, I il answer your question about what is an NFT and you will know everything.

What is an NFT: Everything You Need to Know

1. What is NFT

NFT is a piece of digital content saved and linked to a Blockchain, especially Ethereum, they are non-fungible tokens, Bitcoin or dollar are fungible tokens that can be exchanged and are the same whereas NFTs are unique every in every piece.

What is an NFT

2. How to create NFT

As we say NFT is any digital product such as drawings, music anything just create it and put them in the digital marketplace, you can create a collection as I do. When creating your own collection you need a digital wallet and you will pay some fees when uploading your work on the marketplace that’s fees are called GAS fees.

2.1 Crypto-the perf punk

my NFT collection on the mintable store I create a collection named the crypto-the perf punk if you like to see my own collection visit the mintable store.

How to create NFT

3. how to sell NFT?

After you create an NFT collection or just one piece you need a digital marketplace

Best marketplace for NFT : OpenSea  ,super rare ,Mintable

I choose Mintable to sell my collection with no gas fee when uploading ur collection you can make your own store on mintable (gas fee required) or just upload them .item price will be selected in Ethereum you can choose a fixed price or bid for action selected time 12hr-1 day-3 days or biding with buy now depend on what you want.

On Mintable marketplace, you need a special wallet called Meta mask (An Ethereum Wallet in your Browser found on chrome web store)

how to sell NFT

4. Where to buy NFT?

AS selling NFT you can buy them from the marketplace or from publisher websites. You may need a digital wallet or you can pay by credit card or PayPal if available.

5. should I invest in NFTs?

Yes, you should, you may ask why should invest in NFT that something can be easily duplicated as a picture or art, NFT become a popular financial art and if you have unique items you may be rich.  All NFTs are collectible and if you choose the right one you will hit the jackpot, some NFTs are limited edition CryptopunksBored Ape Yacht Club, and Cool Cats each of this collection is limited by 10.000 pieces

should I invest in NFTs

The Conclusion

NFT is the new generation cryptocurrency phenomenon that is a unique piece or collection all must invest in this, you can make any digital product as crypto nft and sell them on the marketplace if you buy a unique collection when its price is low and sell it again when will be rich, just don’t let the time pass invest in NFT maybe next morning you will hit the jackpot and be rich.

If you have some questions? Let me know in the comments below. I’ll try my best to answer them.

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