Top NFT examples

NFTs are units of data stored on a digital ledger. Each non-fungible token acts as a kind of certificate of authenticity, showing that a digital asset is not interchangeable. NFTs can also contain smart contracts that may give the artist, for example, a cut of any future sale of the token.

An NFT is a digital asset that represents ownership of unique physical or digital items, such as works of art, domain names, real estate, music, or videos. NFTs use the same blockchain technology that powers cryptocurrencies, but they’re not a currency.

An NFT stands for Non Fungible Token. “Non-fungible” means that it can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have the same thing. But Baseball Cards are non fungible because each one is unique and sometimes is very expensive. The Mona Lisa (a painting from the Louvre, Paris) is also unique i.e. non-fungible.

A non-fungible token is a unique identifier that can cryptographically assign and prove ownership of digital goods. Most NFTs are part of the Ethereum blockchain, so they are tokens. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs. NFT is not a currency.

On different platforms, there are different ways to create NFTs. But always you will need to:

• Choose an NFT marketplace like Opensea, Rarible, Mintable etc.
• Find out a button “Create”, “Create NFT”, “Mint an item” and so on. Press it and start the process.
• Create a digital wallet. The marketplace will show you which ones it supports.
• Add funds to the wallet. You’ll need to pay some Fee (almost everywhere).
• Finish the process of NFT creation by adding your token to an auction or just to the marketplace.

1. Create a digital wallet (Metamask, for example).
2. Buy Ethereum (ETH) on any cryptocurrency marketplace.
3. Connect your digital wallet to a marketplace where you found a desirable NFT (just create an account with the wallet on the marketplace).
4. Buy the NFT through an auction or just pay a price.

You can invest in NFTs just by buying them and selling them at a profit.

There are 2 common ways to make money with NFTs:

1. You can buy them and sell them later at a profit.
2. You can create an NFT or some few NFTs and try to sell them.