WHAT IS NFT ? (Non-Fungible Tokens)

Before knowing about NFT, Lets us talk about some of the most expensive and famous NFT’s Art

EVERYDAY: The first 5000 Days

nft art
The first 5000 days by beeple_crap

It was sold for $69million by Christie in March 2021.

Human One

human one
Human one by beeple-crap

It was sold for $29.8 million in November 2021

Disaster girl

disaster girl
Zoë Roth – A four years old girl.

It was sold for $500,000 and the buyer is 3F music, a music studio located in Dubai. This famous picture was captured by her dad When she smiling mischievously in front of a burning house.

Now lets us learn more about NFT.

History of NFT

The first NFT,” Quantum “ was created by Kevin McCoy and Anil Dash
in May 2014. They referred to the technology as “monetized
graphics”. They were around 2014 but they started getting popular in the
early months of 2021 after the increased sales of high-priced digital
art auctions.

Introduction

nft artwork

It is a digital asset that includes artwork, music, game items, characters, etc. They are
unique assets in digital form that cannot be exchanged for any other NFT. They can be
transferred from one owner to another using blockchain technology, this encodes the unique
ownership rights to the buyer(new owner).

How to create an NFT

Every person can create an NFT. The first needs a digital wallet and an Ethereum, and a connection to its marketplace, where you will be able to upload your NFT’s logo.

How to Buy or Sell NFT

NFT to ETHERIUM

In order to buy NFTs, the person should have cryptocurrency to buy the digital assets and
create an account on the marketplace that is connected to the cryptocurrency wallet holding
the coins. Only then the person should be able to buy it. They can be purchased with
Solana, Polkadot, and polygon cryptocurrency. NFT and Bitcoins are not the same as the bitcoin
can be used to trade another bitcoin whereas the NFT cannot trade equally like digital art
cannot be used to trade music NFT.

Some famous celebrities on NFT

Some celebrities have entered or own an NFT like Justin Bieber, Leonel
Messi, Jimmy Fallon, Snoop Dogg, Tony Hawks, Ellen Degeneres, Eminem, etc., and many more.
Nowadays, the NFT is being set as collectibles. Do you know about Bitcoin? You may also learn about BITCOIN on our website.

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