What are NFT’s? Well, it’s actually an acronym for non-fungible tokens, though that’s not exactly meaningful to the average person either. To break it down into layman’s terms, non-fungible just means that it is unique, one of a kind. NFT’s are stored on the block-chain just like cryptocurrency (Bitcoin, Ethereum, Dogecoin, etc.) but it differs in that each individual NFT is completely unique and cannot be replaced with something else. NFT’s can fluctuate in price dramatically based on the market similar to cryptocurrency, but it is more enticing to many people because most NFT’s are made up of individual art pieces that the buyer would therefore own.
Now, what kind of NFT’s are there? Well, most NFT’s are some form of art such as pixel art, abstract paintings, one-of-a-kind films, and even music. This brought in a lot of interest from the various creative communities to come check out what this whole blockchain, cryptocurrency thing really was and how they could benefit from it. Well, I have good news for you. You don’t have to have a vast knowledge of the blockchain or cryptocurrency, or even be an artist, to get started making money from NFT’s, and luckily for you, you have this very handy guide in order to do it (this is part 1 of a series on NFTs for beginners)!
If you’d like to check out some examples of a working store of NFT’s, you can check out my example store out on Opensea here!
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