NFT Revolution

NFT

TABLE CONTENTS
Introduction - NFTs explained - what are they 1

How did the NFT revolution start? 2

Why now is the right time to get into NFT’s 3

How you can create an NFT 4

Market trends and the trade network 5

How to sell your NFT’s for a profit 6

Why you should consider investing in NFTs 7

What makes NFTs an incredibly unique investment 8

Conclusion 9
 INTRODUCTION: NFTS

EXPLAINED
What are they?

NFT stands for non-fungible

token, which basically means

that it's a one-of-a-kind digital

asset that belongs to you and

you only.

https://fortune.com/2021/12/18

/nft-making-selling/.

This means that NFTs are

unique cryptographic tokens

that exist on a blockchain and

cannot be replicated.

They can be used to represent real-world items like artwork and real-

estate but in a virtual capacity. "Tokenizing" these real-world tangible

assets allows them to be bought, sold, and traded more efficiently

while reducing the probability of fraud.

 The most popular NFTs right now include artwork and music, but

can also include videos and even tweets. Each NFT represents a

real-world object like music, a video, an in-game item, or a virtual

baseball trading card. These digital assets are bought and sold

online, typically with cryptocurrency. Things like physical money or

bitcoin are “fungible,” meaning they can be exchanged for one

another, but non-fungible tokens are pieces of cryptographic

tokens that exist on a blockchain. Unlike cryptocurrencies, NFTs

cannot be traded or exchanged because they are not identical to

one another.

Think of baseball cards or a rare coin collection. NFTs create

scarcity among assets that are otherwise infinitely available. They

are typically used to buy and sell digital items like tweets, artwork,

gaming skins, and virtual real estate. 2021 was a year of growth for

NFTs, with sales hitting $2.5 billion in the first half of the year. One

way to make money with NFT is to sell your original content as NFT.

An NFT is a digital asset that represents real-world objects like art,

music, in-game items and videos. They are bought and sold online,

frequently with cryptocurrency, and they are generally encoded

with the same underlying software as many cryptos.

Although they’ve been around since 2014, NFTs are gaining

notoriety now because they are becoming an increasingly popular

way to buy and sell digital artwork. A staggering $174 million has

been spent on NFTs since November 2017.

NFTs are also generally one of a kind, or at least one of a very limited

run, and have unique identifying codes. “Essentially, NFTs create

digital scarcity,” says Arry Yu, chair of the Washington Technology

Industry Association Cascadia Blockchain Council and managing

director of Yellow Umbrella Ventures.

This stands in stark contrast to most digital creations, which are

almost always infinite in supply. Hypothetically, cutting off the supply

should raise the value of a given asset, assuming it’s in demand.

NFTS
ARE GROWING
FAST.
 But many NFTs, at least in these early days, have been digital

creations that already exist in some form elsewhere, like iconic

video clips from NBA games or securitized versions of digital art

that’s already floating around on Instagram.

For instance, famous digital artist Mike Winklemann, better known

as “Beeple” crafted a composite of 5,000 daily drawings to create

perhaps the most famous NFT of the moment, “EVERYDAYS: The

First 5000 Days,” which sold at Christie’s for a record-breaking $69.3

million.

Anyone can view the individual images—or even the entire collage

of images online for free. So why are people willing to spend

millions on something they could easily screenshot or download?

Because an NFT allows the buyer to own the original item. Not only

that, it contains built-in authentication, which serves as proof of

ownership. Collectors value those “digital bragging rights” almost

more than the item itself.

How did the

NFT revolution
begin?
Though NFTs have been around since 2014, 2021 was the first year

that this novel technology broke through into the mainstream,

disrupting the art world and industries beyond it. Over the course

of the past 12 months, the NFT scene has evolved rapidly.

The first known "NFT", Quantum, was created by Kevin McCoy and

Anil Dash in May 2014, consisting of a video clip made by McCoy's

wife Jennifer. Kevin McCoy on May 3rd, 2014 minted his non-

fungible token “Quantum," way before the crypto art market

exploded. Quantum is a pixelated image of an octagon filled with

denoting circles, arcs or other shapes which share the same

center, with larger shapes surrounding smaller ones and

hypnotically pulsing in fluorescent hues. As of today, the one of a

kind “Quantum” art piece (2014-2021) is on sale for seven million

dollars.

McCoy and his wife Jennifer have established themselves over

many years as first-rate digital artists. According to them, The NFT

phenomenon is deeply a part of the art world which emerged from

the long history of artists engaging with creative technology. Their

work has historically been bought by enthusiastic art collectors,

who shop at their gallery or one on one. Their work is on display

today and can be viewed at the Metropolitan Museum of Art.

 NON FUNGIBLE TOKENS

This journey is a long story with many people, artists, and

projects involved, so let’s dive in. The idea of NFTs emerged

from what is called a “colored coin”, initially issued on the

Bitcoin blockchain in 2012-2013. Colored coins are tokens

that represent real-world assets on the blockchain and can

be used to prove ownership of any asset, from precious

metals to cars to real estate, even equities, and bonds.

Although not as sophisticated, this original idea was to use

the Bitcoin blockchain for assets like digital collectibles,

coupons, property, company shares, and more. They were

described as new technology and gave raw possibilities for

the future prospects of utilization.

 From colored coin, there rose Counterparty, a peer-to-peer

financial platform which distributed an open-source protocol built

on the Bitcoin blockchain. Some other platforms include Bit

Crystals, trading card, Rare Pepe Wallet, and Cryptopunks.

The 2018-2021 era marked the explosion of NFT. Between 2018

and 2021 NFTs slowly move into public awareness before exploding

into mainstream adoption in early 2021.

The seemingly underground movement that was taking the crypto

community by storm has slowly been transitioning into more

mainstream art. This transition reached an inflection point in

Valentine’s Day 2018 when artist Kevin Abosch partnered with

GIFTO for a charitable auction. The partnership led to a $1M

transaction of a beautiful piece of CryptoArt called The Forever

Rose.

Mr. Abosch continued to raise the stakes when he started using a

combination of the Ethereum blockchain with his blood in a project

called “IAMA Coin”. Abosch has not been the only artist adopting

this exciting form of expression. It has slowly been gaining traction

with artists exciting to push their creative boundaries.

The NFT market is more efficient and more liquid than incumbent

methods of transferring assets. Numerous platforms have surfaced

online, each hosting differentiators for creators and collectors alike

like, Niftex allows users to buy fractions of NFTs or “shards,” which

are ERC20 tokens representing a piece of the full NFT.

Why now is the right

time to get into

NFT’s
NFTs are taking over and sellingfor

millions. It is believed that there is a

bright future in this exciting new

medium, and any artist should tap into

the powerful blockchain technology at

some point.

While the history of NFTs is intriguing,

the future of NFTs has endless

opportunities as the new space

transitions from raw and experimental

to exceedingly more useful and

mainstream. Through tokenization,

programmability, collaboration,

royalties, and more direct connections

between artists and collectors, NFTs

may soon be a technology vital to

everyday life.

SWIPE NEXT
 Concepts like DAOs, token-based Metaverses, community owned

financial protocols, and NFT art were small scale experiments just a

few years ago. Now they represent multi-billion dollar communities

that combine protocol-driven design, economics, and governance as

global collectives on the internet. It may be challenging to predict the

future, but for digital art collecting, it's safe to say we have yet to

imagine the extent of what will emerge in decades to come.

From a $69 million piece of artwork to a $379,000 song created using

the genetic sequence of COVID-19, NFTs are the Internet’s latest

obsession. And they have the potential to make real money, too— the

CEO of crypto exchange Coinbase said last month that the NFT

market could quickly surpass the company’s cryptocurrency trading

business. So how can someone get in on the action? Here’s what you

should know

But Why Now?

1. The desire to get in early on a potentially massive

technological paradigm shift

Many established companies of the last two decades were slow to

take advantage of the internet and mobile technology, and they

ended up losing significant market share to digitally native upstarts.

By dipping their toes in early, big brands are hoping to be in a better

position if crypto does turn out to be fundamental to the next wave of

internet innovation.

2. The brand-building and marketing opportunities.

Crypto-native companies and influencers have tapped into the

mimetic and fast-moving qualities of internet culture to build huge

followings on social platforms, and brands see an opportunity to

appeal to a new generation of consumers steeped in that world. By

partnering with successful Web3 creators and establishing their

crypto bonafides, legacy brands are attempting to position

themselves as trendy innovators, even when their businesses

remain focused on selling physical products and providing services

in the “real” world. There is a delicate line to walk, though, since

inauthentic-seeming launches are getting panned by the crypto

community

Another reason why you should join non-fungible token (NFT) is

that it is unique and can represent any digital asset on a blockchain

(such as Ethereum, Solana, Flow, Tezos, thus making it scarce,

provable, and valuable. The advent of NFTs have created a new

medium for artists and creators to showcase their creations or

collections. In turn, a revolution is paving the way for artists to

create and monetize their work while collectors have full

transparency into the authenticity and provenance into their

purchases.
NFT assets can take the form of
digital art, collectibles, a creative

extension of music, a synergy between all three, or entirely new and

unexplored compositions. Creators continue to push the

boundaries of creativity using NFTs, adapting them in new and

innovative ways.

 Every time the NFT moves on the secondary market, the new owner

and the price paid is automatically recorded on the blockchain, which is

a digital archive of transactions no one can alter and everyone can see.

The idea is that by having these certificates of authenticity be publicly

available for everyone to view online, NFTs can guarantee the

provenance of any asset they are connected to.

NFTs, by design, are tools that artists can use to authenticate their

work, independent from dealing with the traditional machinations

of the legacy art world (provenance). Given this ability to create

scarcity of digital work, NFTs also give artists the ability to set their

own rates for their creations - and control of their secondary

market - in essence democratizing access to new markets for artists

all over the world.

 NFTs, by design, are tools that artists can use to authenticate their

work, independent from dealing with the traditional machinations of

the legacy art world (provenance). Given this ability to create scarcity

of digital work, NFTs also give artists the ability to set their own rates

for their creations - and control of their secondary market - in

essence democratizing access to new markets for artists all over the

world.

It is important to get into NTFs now because

of the availability of lazy minting systems. Lazy

minting lets you create an NFT and put it up

for sale without it actually being written to the

blockchain, thus avoiding any fees. Both

OpenSea and Rarible let you create NFTs on

Ethereum without paying anything.

When someone actually buys it, the fees for writing your NFT to the

blockchain will be bundled with the fees to transfer it to the buyer.

That helps you avoid the situation where you pay $10 to $30 (or

more!) to mint an NFT that no one ends up buying. The creator can

upload their artwork, “mint” it to their profile and list it for sale

without paying gas fees. When the collector buys it, they will pay the

gas fees.

 NFTs does not require much of tech skills in order to participate in

crypto. NFTs has a fun entryway into the space that doesn't require

coding skills when minting in marketplaces like OpenSea or Rarible.” It

has some beginner-friendly NFT platforms where first-time creators can

mint:

·Holaplex where Blockchain used: Solana

While Solana has mixed reviews from Ethereum loyalists, artists and

creators report that the Solana blockchain is super fast, has high

performance and is cost-effective with negligible fees. Solana’s speed

and efficiency also cuts down on energy usage, therefore giving it a

reputation as a new, less environmentally damaging, alternative to

Ethereum.

·Objkt

Originally created as a secondary

marketplace, objkt now allows artists and

creators to mint directly on its platform. It’s

also popular among literary NFT creators

and used by the Verse co-founders Sasha

Stiles and Ana Maria Caballero.

 How To
create an
NFT

The process of creating an NFT is called minting. Artists, gamers,

different brands, musicians, etc. can create NFTs and put them up for

sale. After creating the item they want to sell, they can list it out on a

digital marketplace of their choice.

 The creator of the piece of work usually attaches a certain

commission to their work, so that anytime someone purchases it,

the creator gets paid.

As the charges for the transaction and the gas or energy required

to make that transaction are quite high and are borne by the

buyer, the seller stays in benefit for every purchase. Also, these

energy charges can fluctuate for different sites.

A creator can get on any platform like Rarible, Ethereum, and

SuperRare. These are platforms where NFTs are created and

traded. For the artist or brand, these platforms allow you to create

NFTs using blockchain technology that cannot be changed or

copied. This means that once the NFT is created, nobody can ever

change or alter the ownership of this creation and neither can it be

recreated.

Once the NFTs are uploaded, they can be viewed by anyone and

can be bought or sold, much like stocks. They are like collectibles

but also valuable investments.

The process of creating non-fungible tokens tokens is quite simple,

and there are a few steps one needs to take.

The following guide explaining how the process as several distinct

stages:

How To Mint An NFT

Decide on the
concept
 Identify a concept that you want to sell on marketplace. Every

creator has their own process, but no matter what, you need to

think about how your art will translate digitally, you need to use

materials and tools you already have to Invest in new technology or

knowledge as needed. The other thing needed is finding other

creators and learn from each other.

When deciding your concept also consider the audience you think

will like your work and keep them in mind as you create and choose

whether you want your NFTs to have visual, audio or written

components – or all three.

Factor in accessibility – for example you can choose to have

subtitles so that they could be enjoyed by as many people as

possible, including people with visual and/or hearing impairments.

 Choose A Blockchain

Platform
The first question that you will need to

address is which blockchain platform to use.

There are dozens of platforms that let you

sell NFTs across a wide variety of

blockchains, so it’s almost impossible for any

single guide to cover them all, much less tell

you which one is the right one for your

project. There are currently a number of

options available, including Ethereum,

Solana, Cosmos, Binance Smart Chain, EOS,

Tron, WAX, Tezos, and Polkadot.

Open An Account on

A NFT Marketplace
Ensure that this platform supports the

blockchain platform you selected in the

previous step. Popular options include

OpenSea, Foundation, Nifty Gateway,

and SuperRare. When Picking a file

type consider files like OpenSea that

accepts JPG, PNG, GIF, SVG, MP4,

WEBM, MP3, WAV, OGG, GLB and GLTF.

Also Think about the file size before

choosing a file. OpenSea’s limit is 100

MB.
 Set up a wallet
Wallets are the applications you use to store your cryptocurrencies,

as well as any NFTs you end up minting or buying. One main thing

that you really need to worry about is using a wallet that’s

compatible with the blockchain you’re using.

MetaMask’s wallet is one of the wallets that’s widely supported by

Ethereum-based applications like OpenSea, Foundation, and others

and can be used either as a Chrome / Firefox extension or as an IOS

/ Android app. Coinbase also has its own wallet that you can use as

an extension or an app, and it’s supported by most platforms. You

may want to consider Coinbase’s wallet if you’re planning on getting

into crypto more broadly, as it has support for blockchains not

based on Ethereum, like Bitcoin.

Create And Link Supported Wallet

Open a wallet that supports the blockchain that you

selected and is compatible with the NFT marketplace
you’d like to use. After you’ve got your wallet set up, you’ll
want to connect it with the NFT marketplace you plan on
using. Popular options like Metamask, Trust Wallet, and
Oobit, OpenSea and Rarible make this easy. Clicking the
Create button in the top left prompts you to connect your
wallet. You’ll then be presented with a list of compatible
wallets, and choosing yours will prompt you to go
through the connection process
 MetaMask and Coinbase Wallet’s setup processes are similar.

Once you have the browser extension or app installed, click or

tap the “Create new wallet” button. Coinbase will ask you for a

username, and both will ask you for a password, which you’ll

want to make sure is secure (preferably by generating it with and

saving it in a password manager.

If you have Metamask or Coinbase’s extension installed, you’ll

see a pop-up asking you if you want to connect your wallet,

which can be done with a few button clicks. If you’re using the

Coinbase Wallet app, you can also connect to the marketplace by

using the QR code scanner

A word of caution for the future: be careful if you see a request

to connect to your wallet when you don’t expect it, as scammers

could be trying to access your funds or NFTs. As long as you’re

on a trusted site, you should generally be okay (at least, as long

as something isn’t very wrong, be sure to check transactions to

make sure they’re kosher). But if an unknown site asks to

connect to your wallet, you should probably think twice before

accepting.

After you’ve connected your wallet, you’ll arrive at the page you

use to create an NFT (and if you don’t end up there, you can get

there by clicking the Create button that both platforms put in the

upper right-hand corner).

Before we start creating our NFTs, a word on collections. If you

want to create a series of NFTs, you can use a collection to do

so on Rarible, you can create one right from the NFT creation

screen, which the NFT you’re making will be added to. On

OpenSea, you’ll have to go to your profile picture in the top

right, then go to My Collections > Create a collection. OpenSea

will automatically place the NFT you create into an unnamed

collection if you don’t specify one and Rarible lets you sell an

NFT as a Rarible Single without a collection.

Content Creation
Process
 Now, let’s finally get started on our NFT by listing an NFT on

OpenSea. After clicking the Create button, you’ll be brought to the

create new item page. To start, click the box with an image icon in

it, which will let you upload the file you’ll be selling as an NFT, but

do make sure to take note of the file size and type limitations

noted above the selector. After you’ve added your file, give it a

name, or title. You can also use the External Link field to add a URL

pointing to, your website or Twitter account, and you can use the
Description field to give potential buyers a better idea of what your

NFT is. Name and description will be important to help you stand

out. Most people will want to leave the free minting option on.

Some file types, like videos or music, will ask for a second

“preview” image.

OpenSea also lets you add text that acts as unlockable content,

which the buyer / owner of the NFT will be able to see. You could

use this toggle-able field to include something like an invite link to

a private Discord, a code to redeem something on an external

website, or even just a message thanking them for buying.

Be sure to pay close attention to which blockchain you’re

minting on — you can’t change it later, and it could have a

drastic effect on the fees you pay. After you’ve chosen your

blockchain, you’ll want to double-check everything. OpenSea

lets you change the metadata afterward as long as you haven’t

put it up for sale, but it’s good practice to make sure

everything’s shipshape before doing anything blockchain-

related. And note that you won’tbe able to change which

blockchain the NFT is on after the fact.

 After you’re good to go, you can click the Create button.

Depending on the options you’ve selected and what kind of

file you’re selling as an NFT, there might be a bit of a wait as

things upload. After it finishes, you’ll see a screen saying that

your NFT was created.

Now NFT is on OpenSea but not written to the blockchain yet,

that won’t happen until someone purchases it. For your NFT

to be up for sale you’ll have to click off of the congratulations

screen to get to your NFT’s page. To get to it click on your

profile picture, to the Created tab, and select the NFT. On the

NFT’s page, there’ll be a Sell button. By clicking the Sell

button, NFT will be available to purchase and you can also

make it only available to a specific buyer using the “More

options” dropdown.

To list your NFT for sale, click the “Complete listing” button.

You’ll have to confirm, or sign, a few transactions with your

wallet, either using the browser extension or the app. After

you’ve approved and signed all the transactions, your NFT will

be listed for sale on OpenSea.

Options for
selling your
NFT.
 Next, you’ll want to set your selling options. If you don’t want to

sell your NFT just yet, you can flip off the “Put on marketplace”

switch, which is on by default. If you do want to sell your NFT,

though, you’ll have options.

“Fixed price” is like creating a store listing — you set a price for

your NFT, and if someone wants to pay that price, they can just

buy it.
“Open for bids” lets people submit offers to buy your NFT,

which you can either accept or reject.

“Timed auction” is an auction — you can set a minimum price

and choose when the auction will start and how long it will last.

For this example, we’ll go with listing our NFT for a fixed price,

which we can enter into the field. You can also choose which

currency you’d like to receive.

If you lose your password and / or security phrase, you’ll be out of

luck with both MetaMask and Coinbase Wallet — neither company

can do anything to help you. That means you’ll lose access to any

cryptocurrency or NFTs stored in that wallet, as well as the

accounts that you’ve set up using it. So seriously, keep your

password and secret phrase safe.

Finally, you’ll have access to your wallet, which won’t have anything

in it yet!

 Do I Have To Use
A Marketplace
Site To Create An
NFT?

Technically, no. You can create your own smart contract, deploy

it to the blockchain of your choice, and then mint your own

tokens using it. That’s jumping into the deep end, though, and

probably not the route you’ll want to go unless you’re very

technical. Most people will want to use one of the platforms

discussed above.

 MINT AND SHARE

Just in case, you want the whole world to

know how much money you have and how

much money you're transacting, This is

where pseudonyms and having multiple

wallets – totally legal in the blockchain world

come in.
Connect and

build

community

Get ready to tweet and DM. If you want to start making NFTs,

you’ll need to dust off your Twitter account. You’ll also need to

join Discord, a Slack-like chat platform for gamers and crypto

lovers. Expect to get most of your information and build authentic

relationships through these types of communication channels.

When you’re ready to sell your NFTs, expect your community to

be your number-one marketing resource. It sounds a little

cliche, but you don’t need to spend a lot of money on

sophisticated marketing tactics to create a successful project.

Regardless of how low or high the market is, the community will

be enthusiastic and constantly tag your project.

 The final step: Selling your NFT

After minting, it’s time to list your NFT for sale. You can opt to keep

things simple and list for 1 ETH, at the time of minting. Your 1 ETH

price will remain on your OpenSea profile until someone takes your

NFT off the market. In the meantime, you can plan to keep

experimenting with how you price your NFTs.

The final step is to head to the marketplace of your choice, and

create the NFT on the basis of the following steps. You will have the

option to upload one creation or a collection, follow the option

appropriate to you. You will then need to upload a high-quality

representation of your creation and include required information

like a name, external links, descriptions, properties, etc.

After this, your NFT is now available on the marketplace you

selected, and can be accessed by anyone using the same platform

as well as could be sold to allow you make money for this.

 Market trends and the

trade network

NFTs ballooned to a $41 billion market in 2021 and are catching

up to the total size of the global fine art market. It seems

strange to think that this time last year, most people hadn’t even

heard of NFTs. In 2021, they took the art world by storm, with

pieces like The Merge and Beeple’s https://bit.ly/3s7PdqC, The

First 5000 Days selling for tens of millions of dollars.

https://bit.ly/34sv7iD

NFTs are now inching closer and closer in value to the traditional

art market, where people buy and sell physical works. The latest
estimate from a 2021 report showed sales of conventional art

and antiques reached $50 billion in 2020. That number was a

decline from the year prior, due in part to the COVID-19

pandemic, the Art Basel and UBS Global Art Market report

found.

Heading into 2022, the NFT market appears to be staying strong.

In the early week of 2022 alone, sales of NFTs hit half a billion

dollars, according to the latest data from NonFungible.com. The

iconic Bored Ape Yacht Club and CryptoPunks NFT collections led

the sales, followed by Doodles, the Sandbox, and Art Blocks,

Insider reported earlier.

Many have debated the merits of the

digital collectibles. Enthusiasts have said

they're the key to unlocking the next

phase of the internet, often called the

metaverse or Web3.
 NFTs and the metaverse

The metaverse is a hot topic in technology circles right now, and

definitions differ according to who you ask. Generally speaking,

though, it refers to a connected, persistent digital ecosystem that

is more immersive than the existing internet – perhaps involving

virtual reality (VR). The metaverse will let us work, play, socialize,

travel, and educate ourselves within a consistent digital

environment. It has been called a trillion-dollar business

opportunity and the biggest disruptor to how we live our lives,

ever seen.

NFTs will play a number of important roles in the virtual worlds

that will make up the metaverse. Firstly, they enable digital items

to be unique. We all know that people in the real world like

collecting and showing off rare and unique things, and there’s no

reason to think the virtual world will be any different! It’s already

possible to buy unique artwork to display in your virtual reality

art gallery. Similarly, Nike recently sold 600 pairs of shoes as NFTs

– making itself over $3 million in the process. In reality, these

were actually just pictures of shoes that can only be looked at. In

the future, it’s likely that they will be functioning virtual shoes that

can be worn by our avatars as we go about our digital lives. Think

of it as being able to kit out your character in a video game in

one-of-a-kind clothing that no one else can own. After all, there’s

no reason to think that anyone’s ego will be any smaller in the

metaverse than it is in the real world.

NFTs and the

Internet of

Things
It’s estimated that by 2030

there could be more than 125

billion connected devices in

the world. This huge network

of computers, vehicles,

appliances, wearables,

industrial machinery, and

many other items is what we

mean when we talk about the

internet of things (IoT) – and

many think that NFTs have an

important role to play.

READ MORE
Much of the communication that takes place on the IoT is made up

of machine-to-machine (M2M) communications. Think of the

smartphone technology that you may well have in your own home;

for example – devices like smart light bulbs, refrigerators, and AI

voice assistants are all capable of communicating with each other.

In a smart factory or warehouse, the same thing happens but at a

far greater scale, as hundreds or thousands of machines all

communicate and exchange data to keep the business running.

NFTs are potentially useful here because they allow machines to

authenticate the data that is coming in from other machines.

Basically, this is the digital equivalent of a warehouse manager

checking the paperwork when they take delivery of a container

load of inventory.

Ideas like this as already being put into operation today for

example, cybersecurity specialists WISeKey uses semiconductors

implanted onto physical network infrastructure that automatically

mint NFTs in order to certify that the device is trustworthy.

Another initiative is looking at connecting NFTs with city

infrastructure assets such as street lamps, bus shelters, and traffic

lights. https://bit.ly/3umPp85. Here, the tokens would enable

accurate data from these devices to be made available for

commercialization by companies looking to develop new services,

such as communications companies.

 NFTS IN HEALTHCARE

Advocates for the use of NFT technology in the healthcare

space point to the fact that it could one day potentially help
individuals to take control of their own health data. It could
even let them make money from it.
NFTs allow information to be tagged with data, which means it can

be tracked whenever it is passed on. Not only does this mean

better oversight of where our information ends up, it means one

day we could potentially take advantage of the smart contracts

capabilities of NFT and blockchain technology to ensure we are

paid the royalties we are due every time our data is passed on.
https://bit.ly/3HF19H7

That’s the theory, anyway – and companies such as Aimedis.io are

already exploring ways of making it a reality. But regardless of

whether we will one day be able to claim our share of the billions

that are generated through the sale of health data, NFTs could

potentially bring transparency and accountability to the transfer

of this highly sensitive information, and that alone has to be a

good thing!

Fad or the future?

Of course, for every person proclaiming that NFTs are the future of

any (or all) enterprises and fields of human endeavor, there is

another saying it is simply a faddish flash-in-the-pan that will quickly

be forgotten about. The truth is that no one knows for sure what the

future holds. However, it's undeniable that a lot of big players are

investing heavily in the technology, and there's clearly a firm belief,

among some very smart and well-resourced people, that it will have

a role to play in our futures.

How to sell

your NFT’s for

a profit
So you want to try making some money on NFTs? Welcome to the

digital frontier, where trailblazers like you are discovering new

uses for cryptocurrencies and pushing the boundaries of

technology and digital content creation. For a few speculative

investors, getting lucky and buying the right NFTs has paid off

handsomely. But there's another way to bankroll this viral

movement: Selling NFTs.

If you create digital content of some sort, it makes sense to learn

the ropes to see if selling NFTs makes sense. Here's what you

need to know.

How to sell non-fungible tokens (NFTs)

To get started selling an NFT, you'll first need to "mint" one of

your digital assets as an NFT, or non-fungible token, a type of

digital certificate created on a blockchain network — usually

Ethereum (CRYPTO:ETH) — that guarantees ownership of your

work. You can mint any digital creation as an NFT, from art to

writing and music to video games. It's easy to transform the file

into an NFT, too, by following a few simple steps. Just bear in

mind that the ultimate selling price of your work will depend on

subjective factors such as its creativity, quality, and your

reputation among potential patrons.

 Here are the steps involved in making a sale.

1. Select a marketplace and mint an NFT

The first step is selecting the right NFT marketplace. Think of these

marketplaces as the Amazon of the NFT world, an online repository

of digital work that can be bought or sold. There are dozens of

marketplaces, and many of them specialize in a certain type of

digital asset. OpenSea currently boasts the largest and most

diverse market of NFTs.

2. List your NFT for sale

Once you've minted your NFT, you will be presented with the

option to list it for sale on the marketplace. Note that although you

can transfer and sell your NFTs on other marketplaces, it might cost

extra fees.

Click on the "Sell" button, and follow the prompts. Here you'll be

able to provide some details on the transaction such as the price or

auction time limit and the cryptocurrencies NFT buyers can use to

pay you. The marketplace will calculate any "gas fees" at this point,

which are the Ethereum blockchain network's fees for recording

transactions. These gas fees are variable depending on how busy

the blockchain network is at the moment. The marketplace itself

will also list its fees for handling the sale, usually a percentage of

the final NFT sale price.

 3. Manage your listing

Once you complete the listing, your NFT is available for

purchase on the marketplace. Now you need to promote the

sale to potential patrons via your website or social media.

You can manage your NFT listing as well, but bear in mind

that making changes or removing the listing might incur

another fee, and gas fees you've already paid aren't

refundable.

How to trade NFTs

just for digital creators. Some collectors

Selling NFTs isn't

trade from their collection of NFTs. If you have previously

purchased an NFT from a creator or from another collector

on a marketplace, you can list those for sale as well.

Selling an NFT you bought

the secondary market (a transaction not

Selling your NFTs on

involving the original NFT creator) is the same process listed

above except there's no need to mint the digital asset. Just

transfer the NFT to the marketplace where you want to sell it

(if it currently isn't already there, or if you are storing your

NFTs only in your personal crypto wallet and don't have them

available to be viewed on a marketplace). Then click on the

"Sell" button from within the page of the NFT you want to sell.

Gas fees and marketplace listing fees will apply and will reduce

your final take-home amount, as will any royalties that the

original NFT creator has set.

WHEN
TO
SELL
AN
NFT

The right time to sell an NFT

will largely depend on the
purpose of the NFT itself and
why you created it or bought it
in the first place.

If you're an artist or digital creator, minting and selling NFTs can be

a new way to get paid for the work you do, so selling will largely

depend on demand for what you do and what buyers are willing to

pay. Keep tabs on interest among your patrons to maximize your

selling price, but also bear in mind that gas fees could seriously

reduce your profit or even cause you to sell at a loss if the purchase

price isn't high enough. For example, high Ethereum network gas

fees have been a problem for some NFT creators, so don't

automatically expect that your sale will mean a profit.

Perhaps you bought an NFT for a specific purpose and don't need it

anymore, or an NFT you bought has appreciated in value. Selling

might be a good idea if you have other needs for the money or

better places to invest. When calculating your possible profit or loss

on the sale, remember to include gas fees, marketplace listing fees,

and royalties paid to the original creator. As for gas fees, it's

possible to lower those with a little timing for your listing, such as

avoiding days when the Ethereum blockchain network is congested.

Selling NFTs isn't easy money. Minting and then selling your digital

work will incur Ethereum network and marketplace costs, and

trading NFTs can be uncertain given the volatility in this young

movement. But if you're a creator looking for a new outlet to build

your business, this realm of the crypto world is worth exploring as

it can open new doors for monetizing your talents.

What’s the Easiest Way to

Profit Off NFTs?
 For more complex NFTs, you should consult a professional. At the

moment, since NFTs are relatively new, your best bet is to use a site

like https://www.upwork.com/ to hire a freelancer.

For simple, single pieces of media, you can do it yourself on Rarible

or a similar site. However, to sell more complex assets, knowledge

of the fundamentals of cryptocurrency and experience in that realm

is necessary.

You can also profit off of NFTs without ever touching one! Some

users treat them like stocks. By purchasing an NFT of something

potentially profitable early on, you may be able to make a decent

profit later on. Keep in mind that, unfortunately, the opposite could

happen with your investment, as well.

In short, the best way to make money off NFTs will vary by person.

If you have the money to spare, your best bet may be to buy an

asset that will obviously garner interest as time goes on. While

some higher-profile NFTs are overpriced right now, the NFT market

is just beginning, so you’ll have far less competition. If you’re a

content creator or influencer, you would likely be best off creating

your own original NFTs and selling them.

Examples of
HighProfile NFT Sales
 The viral Nyan Cat gif’s author, Chris Torres, created an NFT to sell

ownership of the animation. Even though Nyan Cat was first put on

the web a decade ago, the recent influx of interest in NFTs drove

Torres to auction it off. He ended up netting the equivalent of

approximately $590,000 in the cryptocurrency Ethereum (ETH).

One of the first NFT sales to make the news was Twitter CEO Jack

Dorsey selling his first ever tweet as an NFT. With the proceeds

going towards charity, it ended up going for $2,500,000.

The most expensive NFT sale happened at Christie’s auction house.

It was the famed house’s dive into blockchain auctions. The image

was a large JPEG file with 5,000 unique pictures the graphic

designer had taken. Though he wasn’t particularly famous, it sold

for just shy of $70,000,000. Part of the reason it sold so well was

because it was also the first-ever public auction of an NFT.

However, NFTs are still novel enough that “unicorn” sales like this

still happen.

Why you should consider

investing in NFTs
 NFTs with utility, like real estate contracts, will ultimately hold

greater value in the future. An NFT can be a legitimate investment if

investors understand what the NFT is being used for. Making sure

that you have something that has utility is a better bet for the long-

term life of what an NFT is.

Potential for growth and development:

and development of the land

NFTs possess potential for growth

sector. Pegging NFTs to land pieces has proven great potential for

growth and development, for instance in real estate, owning and

controlling virtual lands gives you the power to decide what you

want to do on your land.

Perhaps one of the greatest advantages of the NFT technology is

that it allows artists and content creators to retain their full

copyright. This is uncommon in most licensing agreements. This

allows them to still generate revenue without giving up their

copyrights. When it comes to NFTs, you can be assured of security.

People just like you & I are not just having fun with NFTs but

making a lot of money with them. It can be fun to make them but

even more Fun when you get paid to do so.

With an ability to sell the right to use assets without giving up

ownership, this may even become the new way to sell music to

consumers. To jump into the market with the least risk, anything

creative that you own is potentially valuable. Game sprites, music

you’ve recorded, pictures you’ve taken, prominent accounts on various

sites and forums, and pretty much anything else you can think of could
be an NFT.

What makes NFTs an incredibly

unique investment?
 First things first, NFTs are non-fungible, which means that the

ownership of the item lies solely with the person. They verify the

authenticity of a non-fungible asset, which makes these assets

unique and one of a kind. For example, investing in a Picasso piece

of art. There can be multiple copies of his art but only one original

piece. That is what makes the original painting valuable and

irreplaceable

NFTs are different from cryptocurrency in the manner that you can

exchange cryptocurrency to purchase valuable products, so they

are fungible that way. NFTs are not, and that is why they are such a

huge investment tool.

Other factors that make NFTs such valuable investments are utility,

ownership history, underlying value, perception of the buyer,

liquidity premium and future value.

NFT are a digital token that's a type of cryptocurrency, much like

Bitcoin or Ethereum. But unlike a standard coin in the Bitcoin

blockchain, an NFT is unique and can't be exchanged like-for-like

(hence, non-fungible).

 Last Words
NFT's are:
Hotter than crypto & risk free

Easier than copy & paste

More profitable than affiliate

marketing

No list or social following needed

100% free software

Zero upfront costs or monthly fees

Unlimited profit potential

15 Minutes (or less) per day

It takes only 3 steps

Like most blockchain experiments, the future is relatively

unknown. However, prominent publications indicate that NFTs
aren’t going away any time soon. Now that wealthy investors are
pouring money into them, it’s likely they will become more and
more mainstream. Educate yourself and make your own decisions.
All the best.