HOW TO MAKE AN NFT: TUTORIAL FOR 2022
NFTs are all the love right now, but the process of getting into the NFT market isn’t as simple as it seems.
What is an NFT?
NFT stands for non-fungible token. That probably doesn’t mean a whole lot at this stage; the word ‘fungible’ isn’t a particularly common one. However, it essentially means that something is interchangeable.
NFT is a digital assets with a unique identity kept and verified on a blockchain. Each NFT is non-fungible, meaning it can’t be readily exchanged for another asset of similar value. Common NFT assets include images, video, music, GIFs, and collectibles.
Digital asset
Put simply, a digital asset is anything that exists in a digital format and has a right to use (a right to copy, duplicate, reproduce, modify and otherwise use). So, for example, things such as documents, audio or visual content, images, and other similar digital data are all considered digital assets.
Blockchain
We’ve got a full article on understanding blockchain, cryptocurrency and bitcoin. In that post, we highlighted that a blockchain is a type of database – a collection of electronically stored information or data.