Category: 2. Unwrapping NFTs

Making your own NFT is probably the best way to understand the concept and generate potential value. You have control over what assets you want to be represented, and there is little cost aside from time and effort (and transaction fees).   Creating an NFT is known as minting, and various platforms facilitate this process. The…

For now, though, where does one start with NFTs? And what are the essential things to look for when investing?  Non-fungible tokens can be purchased on many NFT marketplaces, including Rarible, OpenSea, Enjin Marketplace with many more opening up all the time. You’ll need to have a crypto wallet set up to access these sites; they support…

The recorded ownership status provided by NFTs has led to some exciting innovations. Given the way NFTs provide an easily accessible ownership history, the value of an asset can be directly affected by its provenance. For example, if a famous art collector purchases a piece of art via an NFT, the mere fact than an…

NFTs work by storing information that can identify them as unique. They store this information in smart contracts. Smart contracts are sets of instructions written in code and stored on a blockchain. These smart contracts allow for detailed information to be added and permanently tied to an asset.  Primarily, NFTs are used to prove digital…

What you’ll learn What is an NFT How do NFTs work How to earn crypto from investing NFTs How to create your own NFTs NFTs are Non-Fungible Tokens, unique representations of the ownership of assets immutably recorded in blockchains. Early adopters are using them to represent their claim on digital collectables, artwork and many other…