NFT , which comes to the agenda as Non Fungible Tokens, ie ‘Non-Fungible Tokens’, is a data unit prepared using cryptocurrency technology. Since these assets, which take their place in the digital world, are cryptographic, they cannot be copied or exchanged for another Non Fungible Token.
These unique records, accessible only to those who have the code, are kept in a digital ledger on the blockchain. NFT can be a painting, tweet, photo, video or song. One of the biggest reasons why NFT attracts so much attention is its uniqueness.
The blockchain system provides a decentralised structure that makes each NFT unique among others. This provides an opportunity for artists, musicians and other content creators to trade NFTs digitally and collect their unique digital assets.
An NFT does not have the same value as another NFT. These characteristics of NFTs enable digital art and cultural content to be the subject of NFT trading. NFTs have attracted great attention recently and have enabled digital asset trading in many sectors, especially in the art sector.
How to Create an NFT?
We have prepared a step-by-step NFT creation guide for those who want to make NFT:
1.Select Digital Asset
If you want to create an NFT, you must first choose which digital asset you want to work with. This can be an image, video, music file or any other digital file. In order to avoid copyright violations, you should prefer assets that belong to you.
2.Choose a Blockchain Platform
Ethereum is the most widely used blockchain platform worldwide. In addition to Ethereum, there are alternatives such as inance Smart Chain, Solana and Flow.
3.Create NFT Wallet
As with platforms, there are multiple popular wallet applications. You can review MetaMask, Coinbase Wallet and Ledger Live wallet applications.
4.Upload Your Digital Asset to the Platform
After connecting your wallet to the NFT platform, you can upload your digital asset. At this stage, you need to add details such as name and description to your NFT.
5.Mint NFT
Minting is the process of registering your digital asset as a unique NFT. With this process, you register your asset on the blockchain and register it as a unique digital asset.
6.You can start selling
Once you have created your NFT, you can offer it for sale or share it.
How to Sell NFTs?
NFT production and NFT trading takes place on blockchain networks such as Ethereum, Smart Chain, Polkadot, and Binance. The first thing you need to create any NFT, be it a painting, tweet, photo, video, or song, is an NFT-compatible digital wallet. Then, you need to decide on which online marketplace you will exhibit your digital artwork.
The most commonly used marketplaces are OpenSea, Axie Marketplace, Rarible, and SuperRare. Each marketplace and digital wallet may have a different approval, registration and sales process. In line with these possibilities, you can upload the works you want to be NFT to the online marketplace platform of your choice with the relevant descriptions and copyright information.
These platforms allow you to make changes to the work when necessary. Buyers can only purchase the works you put on display using Ethereum (ETH). As soon as the NFT purchase and sale transaction takes place, the relevant amount is reflected in the seller’s digital wallet. Thus, the sales transaction is completed.
How Can NFT Appear?
NFT, one of the new concepts that entered our lives with technological developments and digitalisation; It appears in many areas from the cinema industry to the music industry. NFTs, which operate as a kind of digital signature, can also be used within the scope of intellectual property rights such as patents, academic articles and song copyrights.
In addition, it may be useful to turn to NFT trading as a digital follow-up for purposes such as title deed transfer and exchange in the field of real estate. Unique NFTs can be used instead of concert, cinema, theatre and musical tickets, as well as wedding invitations.
In this way, NFTs can be traded to enter various events or to travel. In the future, it may be possible to encounter more unique digital assets using cryptography technology.
Which Digital Assets Do NFTs Represent?
NFTs can represent a wide range of digital assets, allowing for the tokenisation of digital art, music, gaming content and other types of digital media. In the art world, artists can tokenise their digital artworks as NFTs, creating unique NFT artworks and transferring ownership of these artworks over the blockchain. Thus, digital artworks can also gain value in the digital environment and NFT trading can become widespread among collectors.