Knowing and understanding how the internet how expanded over few decades with even the introduction of Cryptocurrency had made it even more interesting and more explosive, many people out there are still yet to get a clear understanding of what an NFT really is this is why on this post we will find out little or more time to explain more what an NFT is.
The term NFT stand’s for a non-fungible-token,
Fungible in a sense that it doesn’t depreciate or looses it’s value.. E.g, A Bitcoin is a fungible, this is simply because if you send out Bitcoin $1 from your wallet into another wallet you will still have that same 1$ Bitcoin in the wallet this is exactly how it works with NFT, it has its uniqueness
What is An NFT?
An NFT is an asset or a real life item or animation like art works,in-game, video, pictures or music. A unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it) Non-fungible tokens
A non-fungible token is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger. The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded
An non-fungible-token is also described as a real life claim of ownership of an item that cannot be claimed or cloned by another, it is created with the Ethereum(ETH) network which can be token-ise on a blockchain network
NFTs are not only created, it can be bought sold, stored or even used for fun, this basis are best known to you that has decided to be part of the NFT market place, it is your choice or decision to decide how ever or what you wish to do with your unique digital asset or Non-fungible-token(NFT)
Who can create buy, or sell NFTs
You can also learn how to create your own NFT here
On the digital market place is an open space where any one can learn how they can buy, sell or create their own unique NFT and place it on the NFT market place.
The market place are mostly made up of some fake identifiers that do not have what it takes to help educate you enough about how you can buy, create or even sell NFT.
Just before an NFT can be bought, created or even sold you must firstly have some Ethereum(ETH) in your wallet as to make sure to clear of some minor Gass fees used in enabling creation or trading of NFTs
How to know the right platform!
It is often very difficult to find answers to most questions like this and that is due to the fact that a lot of fake and non-reliable platforms has filled the internet over this few years but being one of the most experienced experts on trading we can categorically let you know that their are many genuine platforms that one can peacefully trade or create their own NFT on, and make huge profits from.
Rarible.com is a place that allows every user on its dashboard trade or create their own unique NFT content put it out to the NFT market and start making profits from them.
Rarible.com doesn’t just all users create, it also allows all traders to buy and sell their NFTs to the NFT market place and make huge profits too and also earn more ROYALTIES.
Royalties are explanations that will be pin-pointed out on our next post.
The most exciting part about non-fungible-token is that it is not just beneficial to online forex or Crypto traders or the NFT creators but it is also very beneficial to photographers, sculptors, Artists, content creators etc…….
Just in case you encounter any type of difficulty on how you can create or trade the non-fungible-token you can do well to send us a private Telegram message