Ever heard about art being converted into NFts? Or perhaps a song, or even tweets? We can’t emphasize enough how popular NFTs are and how people are going crazy with these NFTs.

What is an NFT?

NFT is short for Non-fungible tokens. It’s a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. It can be photos, artwork, videos, audio, in-game items, or any other digital files. The selling point of an NFT is that it is unique or one of a kind. It contains built-in authentication, which serves as proof of ownership. This gives the owner the digital bragging rights of being the owner of that NFT, more than having the item itself.

Before you start minting your own NFTs you need 4 things:

• ● Your song, artwork, or collectible
• ● Crypto to pay the minting fee
• ● A cryptocurrency wallet to store your crypto
• ● Blockchain where the NFTs will be created

Regarding the cryptocurrency wallet to use, it will depend on the network you choose to create your NFT. Most of the wallets nowadays support Ethereum and Binance Smart Chain. Just make sure to check the blockchain network your token is built on. If it is an Ethereum token, make sure to have an Ethereum supporting wallet and if it’s Tezos, keep in mind to use a wallet that supports Tezos.

As for the blockchain, there are different options including Ethereum. Binance Smart Chain, Polkadot, Tron, Tezos, and many more. Most NFTs exist on either Ethereum or BSC but the main concern on Ethereum is that the gas fees are high which makes minting and creating NFTs more expensive.

How to create an NFT

• 1. Choose the platform where to mint your NFT
• 2. Upload your digital file.
• 3. Create a brief description
• 4. Pay the appropriate fees
• 5. Start the minting process
• 6. Once done with the minting process, you can start putting your NFT on sale

The big question is whether NFTs are worth the time and money to create them. Other people believed it’s just hype and will soon end and to some, they believed that NFTs are here to stay and are bound to change investing forever.

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