What are NFTs?🔥

Learn 'everything' about them!

Le Thread🧵👇🏽

NFT is short for Non-Fungible Tokens

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
Non-fungible 🔐

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$...
Under the hood 🕵🏾‍♂️

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 👇🏽👇🏽
So why are NFTs 'Expensive'🤔💭

- 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
Popular NFT marketplaces

- Opensea @opensea
- Rarible @rarible
- Axie Infinity @AxieInfinity
- Super rare @SuperRare
- Decentraland @decentraland
- CryptoKitties
What makes NFTs 'Valuable'?🤔💭

- 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
You can own an NFT by:

- 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

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
Difference between Minting and Buying an NFT🤔💭

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
How to mint an NFT 🤔💭

- 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 😎
How to create an NFT🦄

- Identify the digital item
- install Metamask
- choose a marketplace (eg https://t.co/4yAUXemBNY)
- Sell & Mint your NFT from the marketplace
If you want to know more about NFTs, visit:

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
Thanks for reading!

I post daily Web3, NFT & Blockchain development 👋

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It is a series of Sanskrit shlokas recited by Jambavant to Hanuman to remind Him of his true potential.

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2. उतसारा स्थिरा घम्भीरा: The one who is leaping higher and higher, who is firm and stable and seriously determined.

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4. रौद्रमा नवा भीतिर्मा: His anger will cause new fears in his foes.

5.विजिटरीपुरु धीरधारा, कलोथरा शिखरा कठोरा: This is a complex expression seen only in Indic language poetry. The poet is stating that Shivudu is experiencing the intensity of climbing a tough peak, and likening

it to the feeling in a hard battle, when you see your enemy defeated, and blood flowing like a rivulet. This is classical Veera rasa.

6.कुलकु थारथिलीथा गम्भीरा, जाया विराट वीरा: His rough body itself is like a sharp weapon (because he is determined to win). Hail this complete

hero of the world.

7.विलयगागनथाला भिकारा, गरज्जद्धरा गारा: The hero is destructive in the air/sky as well (because he can leap at an enemy from a great height). He can defeat the enemy (simply) with his fearsome roar of war.