all about NFT's

What are NFT's?

What does non-fungible mean? 

The definition states: “of goods contracted for without an individual specimen being specified) replaceable by another identical item; mutually interchangeable.”

Essentially, once a non fungible token has been created, it can always be digitally traced to the owner forever. Dissimilair to a simple file image, an NFT cannot be duplicated within the blockchain. This gives it the same category of owning an original piece of art. (You can go to the Louvre and take pictures of the mona lisa, this doesnt mean you own the original piece)

What can NFT’s can represent? 

Property, achievement, trophies, unique video games, digital collectables and even digital identification. 

Although the current use of NFT’s is not widely understood, this will be an area to keep an eye on to ensure you are educated on the world of Non Fungible Tokens. 

What is a good example of an NFT? How is it being used in mainstream society? 

NBA TopShot is the perfect example of an NFT. After partnering with dapper labs, NBA TopShop was released in 2020, with an explosion into the mainstream through 2021. Collecting digital moments is not as confusing as you would think. Check out NBA Top Shot Today!

NFT-Exchange and marketplace

"A Cryptocurrency token that is indivisible and unique. NFTs, offer myriad options for creating and trading digital assets - Such as original artwork and blockchain-integrated collectable games like CryptoKitties." The first digital signature you cannot counterfeit, therefore providing art be valuable due to scarcity.

Opensea.io – Opensea allows an open trading platform, syncing with your meta mask which connects directly back to your crypto wallet address. Making an easy way to view, trade, and sell NFT’s all in one place.
Is Meta Mask safe? The meta mask is considered a “hot” wallet, used on computers whilst connected to the internet. It hasn’t suffered any major hacks and is widely used around the globe. Metamask has a dedicated community of developers consistently updating the open-source code. As the wallet is online, there is always more risk than hardware wallets. Once the meta mask is created you receive a 12-word seed phrase. Meta Mask does not control any of your personal or private data.
What are some of the top category companies within the NFT space? Some of the existing top categories in the NFT space include
some of the nft marketplaces
Nature Lovers

NFT Exchange Australia

All things NFT, Get in touch with us for assistance in listing and advertising your digital art. 

The Non-Fungible Token Market is Unique.

If you create digital art, then you are in a unique position to list on exchanges and receive IP for your work.

Some Facts

How many NFT's are being sold worldwide?

0
Total Sales

Some of the top NFT Projects include Cryptopunks, Hashmasks, Superrare, ArtBlocks, Sorare, Makersplace, Axie Infinity, Chain Faces, F1 Delta Time & The Sandbox.

Cryptokitties

https://www.cryptokitties.co/

Collect and Trade Digital CryptoKitties

 

CryptoPunks

https://www.larvalabs.com/cryptopunks

Pixel art images, generated by an algorithm. 

 

NFT Projects are exploding.

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