NFTeaser - is a simple and quick way to get acquainted with NFTs basics and concepts, find a promising collectible/investment asset, or promote your own masterpiece as NFT.
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NFTs are a type of crypto assets on blockchain with distinguishable characteristics and metadata.
NFTs are unique and not mutually interchangeable, which means no two NFTs are the same.
NFTs can be unique digital artworks, pfp images, photos, audio files, in-game items, digital collectibles, etc.
NFTs are built using technology similar to Ethereum and Bitcoin. But being non-fungible distinguishes them from cryptocurrensies most of all.
Also, like cryptocurrencies, NFTs exist on a blockchain, which verifies their unique identity and ownership.
The blockchain also keeps a record of all the transactions connected to the NFT and the property it represents. Many NFTs are held on the Ethereum blockchain.
The value of an NFT comes from the property it represents, its rarity, utility, future profits, brand, history, etc.
The NFT itself doesn’t necessarily contain the digital property but points to its location on the blockchain.
Often the value of an NFT is nothing but a representation of collectors` demand for it.
You can shop for them online through various marketplaces. Or get them directly from creators websites. Some of the most common NFT marketplaces include OpenSea, Mintable, Nifty Gateway, and Rarible.
Think of it as an online gallery where you can browse digital art, trading cards, and other collectibles.
It works like an auction house, where you offer bids on items and hope you’re the winner, but some listings let you “Buy now” for a set price. There are a few things to consider before buying: you'll need to decide what marketplace to buy from, what type of digital wallet is required to store it and what kind of cryptocurrency you'll need to complete the sale.
NFTs are also sold on marketplaces and the process can vary from platform to platform. You'll essentially upload your content to a marketplace then follow the instructions to turn it into an NFT.
You'll be able to include specifics such as a description of the work and suggested pricing. Most NFTs are purchased using Ethereum but can also be bought with other ERC-20 tokens such as Polygon, Solana, WAX and Flow.
NFT marketplaces let NFT creators display and sell their works, and collectors bid and buy them.
Most NFT marketplaces ease dramatically creating and selling of NFTs.
Anyone can create an NFT.
All that’s needed is a digital wallet, some amount of ethereum and either a connection to an NFT marketplace where you’ll be able to upload and turn the content into an NFT or crypto art or a smart contract with proper functionality.
One reason to buy an NFT is for its emotional value, which isn’t so different from physical objects, unless you’re a total utilitarian.
The other reason is because you think it’s valuable...and will only increase in value. And yes, you can make money off of an NFT by buying and reselling it for more.
Under the current circumstances, NFTs can be used as an investment. One can purchase an NFT and resell it with profits.
Certain NFT marketplaces even allow NFT sellers to gain royalties for the sold assets.
It depends on whom you ask. Artists, musicians, athletes, celebrities, and others creators find NFTs attractive because they offer a new and unique way to sell their wares — including things like GIFs, memes, and tweets — directly to fans.
NFTs also provide artists an opportunity to program in continued royalties if it is sold to a new owner. Galleries see potential for reaching a new generation of collectors.