The NFTs (Non-fungible token) intend to transform the art market in this sense. These non-fungible assets have a 'blockchain' certificate that certifies the unique and unrepeatable nature of a digital work and shows both its authorship and to whom it has belonged and to whom it belongs. There is a lot of debate about it. NFTs have staunch defenders and fiery detractors, as well as confusion and incomplete information about them.
To preserve the authenticity, exclusivity and ownership of digital art, Non Fungible Tokens (NFT) have emerged, certified digital assets that, through blockchain technology, record all the information regarding the digital work of art in a totally secure and transparent way, so it cannot be exchanged.
With NFTs, digital works of art can be sold as one-of-a-kind objects, since even though their file can be duplicated, their originality and ownership can be verified thanks to the blockchain. For this reason, the identity of the original artist, the current owner and the original value or transactions over time are saved. Behind the NFTs, there are many software and digital marketing companies such as
Webisoft.com that back up some of the token creation process and provide the marketing platforms like
Styllar. And who wants to make it can take advantage of digital design services such as those provided by
Monolith.agency.
An NTF is a modern version of the earlier trading cards. They are also called non-fungible tokens, as they are units of cryptocurrency that cannot be replicated. The use of NFTs became popular in early 2021 and these digital objects could be worth a lot of money. If you are looking for where to buy and how to sell digital art, we have prepared an information where we present what non-exchangeable tokens really are and what is behind this phenomenon.
What are NFTs?
NFTs are an abbreviation for the English word non-fungible token, and it is a digital resource, that is, an asset that has no other identical counterpart. Therefore, an NFT is a virtual certificate based on blockchain technology, assigned to various digital properties. It differs from cryptocurrencies as it is not convertible. Therefore, this category of crypto tokens cannot be traded in pairs. A non-exchangeable token has a set of information that makes it different from other assets and is easily verifiable.
How and where are NFTs bought?
Investing in non-fungible tokens is very simple, you just have to have the right knowledge and proceed with the investment. Currently, we can say that there are many ways to invest, including direct purchase of NFTs.
In addition, you can also buy a cryptocurrency that is associated with non-fungible tokens, create your own non-convertible tokens and then sell them, create a job and convert it to NFT and then sell it, or create an NFT-related application.
Each proposal brings measurable benefits, so it's a good idea to learn your strongest points and then choose the right option. There are places where you can buy non-convertible tokens without much difficulty. It is that it is about entering the most popular token exchanges, to which investors have very broad and unlimited access.
Among the options to buy NTF stands out, a platform that allows not only to buy non-fungible tokens, but also to sell them. Everything happens in transparent conditions and is extremely flexible. Also at stake is the purchase of NFTs to art and internet domains, NFTs to the world of sports, virtual worlds or trading cards. On the other hand, we have the rare exchange, one of the largest NFT exchanges on the market. It is on this stock exchange that investors will easily find works of modern art and works of computer graphics.
How is an NFT created?
An NFT can be created through a Smart Contract between various parties, but still has a defined standard. These tokens are stored in wallets or digital wallets. Although, native tokens can also be created without a contract: you only have to register a code within a blockchain network, where the information of each transaction is stored.
The first step in creating your NFT token is to install an application that is compatible with the Ethereum network. An example of such an application is TrustWallet or Metamask. If you have already gone through this process efficiently, you can start creating an NFT token. Just open the OpenSea app and click Create.
How to sell my NFT?
One of the options to sell NFTs on OpenSea is through the Marketplace offer, which is perfect for directly selling NFTs. In addition, 3 types of sales format are offered. One of them is the direct sale, where you only have to set the final price, and the auction where you can put a minimum sale price. Another option is the Bundle, a group sale where you can sell two or more NFTs together.
How to sell digital art
Being such a new technology, we believe it is convenient to break down the peculiarities that make this new form of collecting, cataloging and artistic transaction the greatest revolution in the art market in recent decades. Collectors are a fundamental link in the history of art. If this figure had not been present throughout the centuries, many of the pieces that rest today in the halls of the most important museums in the world could have disappeared over time.
Conservation and artistic dissemination would not be viable without collecting, which is why this continues to be a common practice today. However, the emergence of NFT technology has opened new and interesting horizons for collectors: crypto art. Basically crypto art is digital art.
In March 2021, the iconic auction house Christie's revolutionized the collecting market by auctioning First 5000 Days, a work in NFT format, by the digital artist Beeple for almost 60 million euros. Since then crypto art, NFTs and blockchain are terms that interest collectors and art galleries.
The curious thing about crypto art is that any digital file can be considered a work: from a video, through a song or an illustration and even a tweet. In fact, the first ever tweet was sold as an NFT worth $2.9 million. But what really is crypto art, NFTs and blockchain architecture?
For your info, the first tweet in history sold as NFT worth 2.9 million dollars! Crypto art emerged to respond to the need to protect the authenticity of digital art and to solve the problems derived from the ease that exists when it comes to duplicating any digital file.
To sell your NFTs in a marketplace you will have to first locate them in your collection, click on them and find the button: Sell.
What are the preferred cryptocurrencies to pay for NFT?
Among the main cryptocurrencies to pay for NFT, Bitcoin, Ethereum, Ripple XRP, Litecoin, IOTA and NEO stand out.
So…would you like to follow in the footsteps of the artists who promote and sell their art through NFTs?