In 2021, Non-Fungible tokens, commonly known as NFTs, have taken the world by storm. Within just a year, the market grew by 21,000% to over $17 billion. With such a mass adoption of NFTs, navigating through various NFT info is crucial.
We aim to provide you with fresh updates on NFTs , but before we dive further into this, let’s take a quick recap of what NFTs actually are. NFTs are unique digital assets that are stored on a blockchain. These digital assets can be anything from images to complex, graphically intense videos.
The NFTs are built on smart contracts that operate on a blockchain such as Ethereum, Solana, etc. The contracts are coded in such a way that the creator receives accurate compensation once it is sold. You can purchase NFTs from any trusted NFT marketplace, such as OpenSea.
As a creator, there are multiple ways to create an NFT, and you can list this NFT for sale on a marketplace. From here, various collectors and connoisseurs have the ability to purchase them, and you will be entitled to earn a profit.
There are quite a few popular trusted NFT marketplaces and a handful of blockchains to host it on. These marketplaces will charge you a fee to mint your digital file and store it on a blockchain. You do not require any technical skills to do this. However, you could create your own NFTs from scratch if you are a programmer.
This category page brings you the latest developments in the world of NFTs – any and all updates on the assets, marketplaces, and everything NFT. There may be a new development in this space every day, so keep an eye out and let’s get started on your NFT journey!
