They may look like pictures, but there's a lot under the hood.
NFTs are:
- one-of-a-kind
- rare
- are non-fungible
- can be sold
Any digital item can be an NFT - audio, photo, video, etc
🏞 Artworks are the most popular kind of NFTs
What are NFTs?🔥
Learn 'everything' about them!
Le Thread🧵👇🏽
They may look like pictures, but there's a lot under the hood.
NFTs are:
- one-of-a-kind
- rare
- are non-fungible
- can be sold
Any digital item can be an NFT - audio, photo, video, etc
🏞 Artworks are the most popular kind of NFTs
NFTs are termed non-fungible because they can't be traded for other NFTs
They're one-of-a-kind and each NFT holds a specific value.
An NFT can't be exchanged for another NFT cos NFTs have different values unlike money where 1$ is worth 1$, and 2$ worth 2$...
NFTs may look like images you can just 'copy-and-paste', but they have unique metadata attached to them which looks like this 👇🏽
The images we see are just a representation of this metadata. So technically, this is all an NFT is 👇🏽👇🏽
- they can be traded easily through NFT marketplaces
- they allow buyers to own the original item, acting as a collector's item
- they are rare, unique, and scarce since only one original version exists, thus, making them expensive
- Opensea @opensea
- Rarible @rarible
- Axie Infinity @AxieInfinity
- Super rare @SuperRare
- Decentraland @decentraland
- CryptoKitties
- Owning a kind of NFT can represent your engagement with a particular group
- They can act as tokens to exclusive & premium content of the group it acts in
- They represent complete ownership of the item
- creating one
- buying from an NFT marketplace
- being gifted one
The only networks today that support NFTs are the Ethereum and Solana blockchain networks
Minting is how a digital item becomes part of the blockchain. Similar to how money is printed and put in circulation.
It can be done by linking your wallet to a crypto marketplace to get an NFT after minting 👇🏽
An NFT is minted once its created
When you mint an NFT, you will be creating an entirely new item onto the blockchain
But when you buy an NFT, it'll require that a pre-existing item has already been minted into an NFT before you can buy
- create an account on MetaMask, @coinbase, etc
- Load your wallet with crypto
- Then go to an NFT marketplace like https://t.co/4yAUXemBNY
- start minting 😎
- Identify the digital item
- install Metamask
- choose a marketplace (eg https://t.co/4yAUXemBNY)
- Sell & Mint your NFT from the marketplace
https://t.co/8GP9BLhDKJ
https://t.co/SpCifcLBLH
https://t.co/jzCrfk5BYr
https://t.co/Wz8PV5V5gb
And follow my favorite Twitter accounts:
- @langford_dev
- @oliverjumpertz
- @heyOnuoha
- @VittoStack
- @Haezurath
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— Garfield but Anti-Fascist (@AntifaGarfield) August 31, 2020
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Antoine Bernard Renard (a.k.a. “Charlemagne MD” on Discord) from Rockville, MD.
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