My General Overview On NFT's For A Startup

Avatar for King_Gozie
2 years ago

If you don't really know or sure what a NFT collectible is, there are different types of versions of them, a lot of artists sell their digital art for cryptocurrency specifically ethereum. But there's also types of NFT collectibles that get released and you can do what we call minting and you can mint these specific NFTs which also have different variations making some rarer than others. So for example you may have seen different types with varieties and traits so it may have a rarity score. The rarer they become the more money you can make by selling this on the market place.

But it's a matter of how to find them, @PVMihalache has been able to put an extensive guide on this and I'll want you all to check that out. You could also check his page for more helpful links that will give a more broad explanation on NFTs. You may find it a little weird though, if you have crypto to maybe play with it could be in turn a good investment. It's not much of the art really.

The questions is "why would people be interested in these stuffs?" Think about it like a pokemon card and you have your rare ones that you want to trade or you have one's that are not so rare and people collect these cards for that purpose. You can easily go get them and hopefully they go up in future or you can buy rare ones but you really need to get the NFT before they come up on the market place because the floor price can go up at anytime. It's your decision to hold your NFTs and make real profits, when you are selling them remember that some where once sold for a few thousand dollars. And then they were sold for 10k, and the person felt like the smartest person in the world until the next person flipped it for a 100k.

Research is your best option from the start, go ahead to do some research before choosing anyone. You could buy NFTs as it is trustworthy, easily transferable and will also maintain ownership rights. NFT turns your digital assets into one of a kind by creating g a unique digital signature which defines the ownership of your assets and that can be bought and sold for real money, cryptocurrency or any other asse.

Like a non-fungible token also known as NFT, actually means that they are not interchangeable and each of them represents a unique asset owned by a specific person. On the other hand fungible tokens can be interchangeable and can be broken into smaller units to form the same value. Each NFTs contains distinguishable information like who owns and who sold making it whole verifiable by securing originality.

It basically creates a blockchain based digital for a collectible mostly art and it gives a unique identity. The programming language used by NFTs are the same as the blockchain cryptocurrency and majority exists in ethereum blockchain but are quite different which enables you own and sell thousands of collectibles.

Proving itself to be an impact in many lives, and due to its popularity can be worth a lot. You can get it from giveaways, like I got mine also from VooDooDs recently on telegram.

I'm sure sooner it will represent a more digital accessibility in coming years. My message may not be widely explained for you to see the opportunities but I said initially, just to tell you why you should go for it.

So is every NFTs unique?

In the boring, technical sense that every NFT is a unique token on the blockchain. where there’s only one definitive actual version, it could also be like a trading card, where there’s over hundreds of numbered copies of the same artwork.

"Who would pay so much to acquire all this knowing fully well of its flaws?"

If its something you really find interesting and would stand the thirst of time, then it's worth every penny. Not a financial advice....if you believe in it, you must chose to adapt to any change along the way.

These are just a few questions that you may be needing an answer to well you got them here, feel free to check this link for more information and giveaways too.

Resource

NFT questions explained

Thank you for reading through....

October 2021

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Comments

I'm a newbie regarding NFTs and kinda scared to getting into buying and selling... need to learn a lot

$ 0.00
2 years ago

I haven't actually heard the time to fully research about NFT since I have been hearing about it, thanks to your article I have actually gotten some insights into it

$ 0.05
2 years ago

Until now I still don't know how it works tho, buying and selling NFT. I have a juungle account but I haven't tried buying an NFT. If I have a spare time, I will check that out

$ 0.02
2 years ago

I am going to have to do a personal research on this NFT thing

$ 0.02
2 years ago

Love the way you give example and elaborate how it works :)

$ 0.02
2 years ago

I'm using AtomicHub for my NFT collection. Got it for free in Crackers meet the artist article. They are all cool and I love how those artist put an effort in creating their arts.

$ 0.03
2 years ago

I got 3 VooDoos too. So far I've been accumulating various NFTS pending the time i will dive into it deeply.

$ 0.03
2 years ago

Nfts are a crazy new way of art I love it I have a few hope to get more thanks for this guide

$ 0.04
2 years ago

I would really love to learn more about this which in fact I'm currently studying this too. Thank you for this :)

$ 0.03
2 years ago

NFTs seem to be the new craze. I am waiting for Japan to start releasing Anime Nfts then I will get mime✌

$ 0.02
2 years ago