#nft generator

The former president of the US surprises with an NFT collection that includes unique tokens and the opportunity to participate in raffles with special prizes.

Donald Trump launches NFT collection

NFTs, or non-fungible tokens, have become very important in the business and celebrity world in recent times. These unique digital tokens, which are based on blockchain technology , allow businesses and personalities to sell artwork, photos, videos, and other digital items in a secure and verifiable way.

Despite the harsh criticism launched by Trump towards cryptocurrencies in general, the former president of the United States announced last Thursday the launch of his own NFT development collection.

Each token in the collection has an initial value of $99.

The series is made up of 45,000 digital tokens minted on the Polygon Blockchain , each with an initial value of $99. Some of them are unique, while many others have 2, 5, 7 or even 10 copies; the official site of the project revealed that no illustration will have more than 20 replicas.

As in most NFT collections, each illustration shows the businessman in different settings, dressed in a variety of ways and even going through different facets. Among which are the superhero, cowboy, astronaut, playing golf and of course, laser eyes.

Each token offers the opportunity to participate in raffles with special prizes

In addition, each digital piece will work as a ticket to participate in a raffle with prizes that include a video call with the former president and even a one-hour golf session by his side, as reported on the website.

It was also reported that the purchase limit per user is 100 tokens, and those who purchase 45 ($45,000) will get an invitation to a Gala Dinner with Trump in South Florida.

“It would make a great Christmas present. Dont wait. They will leave, I think, very quickly!” Trump assured on his Truth Social account.

Collection sells out at launch, but secondary sales on OpenSea continue to generate interest and value

Of course, after the NFTs sold out, secondary sales began at OpenSea. According to data from the NFT generator market, the collection has a volume of 4,721 ETH (just over 5.5 million dollars), with a base price of 0.59 ETH (approximately 700 dollars).

But some collection tokens sell for more expensive. In the case of unique 1/1 NFTs, the rarest in the series, representing 2.4% of the collection (about 1,000), they are selling for up to 6 ETH ($7,000) at the time of writing. . But one of the most expensive is a card showing Trump standing in front of the Statue of Liberty holding a torch, currently being offered for 20 ETH, or about $24,000

Part of his new campaign?

Let’s remember that Donald Trump served as president of the United States between 2017 and 2021, when he left office after losing the 2020 elections. However, the launch of this collection comes after the presentation of the 2024 presidential election campaign .

So Trump has dedicated himself to raising money since his defeat by appealing to his supporters; Despite this, the collection’s website ensures that the funds raised will not be used for the presidential campaign, “These digital collectible cards are not political and have nothing to do with any political campaign.”

And while this is Trump’s first official collection, it’s not the first to wear his likeness. His wife, Melania Trump, launched a series called “POTUS TRUMP NFT” last year to commemorate the president’s tenure in power. As reported by Bloomberg, said collection was purchased for about $180,000, by a portfolio associated with the creator of the image.

TruthSocial

Trump reported his initial NFT development company assortment through his Reality Social informal organization. The legislator sent off his own informal community after the choice of Twitter leaders to suspend his record for prompting savagery, after the attack on the US State house in January 2021. Trump’s Twitter account, where he has more than 87, 8 million supporters, was reestablished by Elon Musk. The ongoing proprietor of Twitter revealed that Trump had not abused the standards of the stage. Nonetheless, Trump doesn’t appear to have any expectation of composing on this informal community once more. Truth be told, he hasn’t posted anything since his keep going message, posted on January 8, 2021.

Analysis on Twitter of Donald Trump’s NFTs

Despite the fact that Donald Trump’s NFT crypto assortment was not highlighted on Twitter, the informal organization has been immersed with messages regarding the matter. A large number of them excuse Trump’s NFT project as a disappointment or trick.

In this post we tell you which are the top 10 NFTs market platforms in the crypto industry by total sales volume.

open sea :

      Opensea is the largest dedicated NFT marketplace in the blockchain industry. It is a platform that allows users to search, create, buy, sell and auction exclusive digital items such as NFT tokens. Opensea is a multi-chain, non-fungible token marketplace, supporting a wide number of digital collections based on the Ethereum, Polygon Network, Avalanche and Solana networks. This marketplace platform has just added support for Binance's BNB Chain collectibles. 

According to DappRadar data, Opensea is the world's largest Web3 marketplace for NFT tokens by trading volume. To date, he has processed more than $33.040 million with his sales. Within this market there are different NFT collections dedicated to art, music, video games, sports, trading cards, metaverses, photography and more. 

magic eden:

Magic Eden is the main non-fungible token exchange in the Solana blockchain ecosystem. This marketplace platform makes it easy for users to buy, sell, mint, and launch new collections of NFT tokens. At Magic Eden, users do not pay commission fees for listing new NFT development service ; while the commission fees per transaction is 2%. On the other hand, although Magic Eden was built on the Solana blockchain, it recently announced plans to become a multi-chain platform, integrating support for the Polygon Network. Polygon integration opens the doors to a wide number of game developers, creators and brands to power their projects on Web3. In August, Magic Eden also added support for NFT crypto collections on the Ethereum network. 

According to DappRadar, Magic Eden ranks second as the top NFT marketplace in the industry by trading volume. To date, this market has processed transactions totaling $4.26 billion. Magic Eden has more than 2.17 million active merchants. 

LooksRare:

LooksRare is an NFT marketplace built on the Ethereum blockchain to natively reward user community participation. Its main objective is to reward, empower and give back to the users and creators of the platform. Like other marketplaces, LooksRare allows its users to trade, mint, and drop NFT tokens. 

Within this non-fungible token marketplace platform, creators receive royalties from the sale of their NFT collections. Users who buy and sell NFTs on LooksRare are rewarded for their activity with LOOKS tokens. Likewise, users who stake with LOOKS tokens receive the trading fees of the platform. At LooksRare, users can bid on their favorite NFT tokens or collections, as well as select crypto collectibles with specific characteristics or different levels of rarity. 

To date, the volume of transactions operated on LooksRare is $1.64 billion, ranking as the third largest NFT market in the crypto industry. 

NBA Top Shot:

NBA Top Shot , based on the Flow blockchain by Dapper Labs, is the official NFT marketplace of the NBA. This platform was created to give basketball fans the opportunity to own officially licensed NBA non-fungible tokens of their favorite players. Through NBA Top Shot, users can own, collect, trade and sell unique video moments of the best plays or games in the professional league. These NFT video moments can be purchased as packs, similar to traditional trading card envelopes, or individually on the marketplace. 

NBA Top Shot NFT holders have the ability to participate in challenges, host expos, gain exclusive access to league events, and much more. In September, the NBA partnered with the Sorare platform to launch the first fantasy basketball game. 

X2Y2:

X2Y2 is a decentralized NFT marketplace platform developed for traders. This project was built on the Ethereum blockchain and has so far generated a trading volume of $939.7 million, according to data from DappRadar. X2Y2 is currently the fifth largest NFT marketplace in the crypto industry.  

This marketplace platform includes several of the features available on other NFT platforms. Such as the purchase and sale and listing of new non-fungible tokens. However, one of its most attractive features is the possibility of accessing decentralized loans using NFTs as collateral. X2Y2 has a feature called “NFT Loan” that allows NFT holders to unlock the value of their digital assets by borrowing ETH for liquidity. To date, X2Y2 users have taken over 4,940 ether in NFT loans (about $6.2 million). Some of the collectibles that can be used in X2Y2 to access liquidity are Otherdeed, The Sandbox, Renga, among others. 

solanart :

Solanart was the first NFT marketplace built on the Solana blockchain. So far this non-fungible token market has operated a total sales volume of $665.7 million, according to data from DappRadar. 

Through its platform, Solanart allows users to buy, sell, and trade NFT development solution commission-free; meaning that traders can save 100% of their fees when trading NFTs in this market. Likewise, Solanart has tools for launching and promoting new NFT collections, as well as an online chat that facilitates communication between buyers and sellers. 

BloctoBay:

BloctoBay is an open NFT marketplace platform built on the Flow blockchain, to trade non-fungible token collections created on this blockchain. BloctoBay has implemented support for the digital assets of other blockchain networks. Like Ethereum, Polygon Network, Solana and BNB Chain, through cross chain bridges. 

This NFT marketplace platform was created to compete against Opensea. In fact, it shows a design and aesthetics quite similar to that of the largest NFT market in the crypto industry. Sales volume generated through BloctoBay currently stands at $462 million.

AtomicMarket:

Built on the WAX ​​blockchain, AtomicMarketis an NFT marketplace smart contract where users can easily create their own NFT marketplaces. AtomicMarket is used by multiple websites to provide users with the best possible experience within this blockchain ecosystem. Developers can make use of AtomicMarket to build new NFT markets using the AtomicAssets NFT standard. This tool allows developers to create their own platforms without the need to use a smart contract or have knowledge of blockchain. On the other hand, NFT liquidity on AtomicMarket is shared across all NFT markets, so users can post, trade, buy and sell non-fungible tokens on their favorite market platforms.

Immutable X Marketplace:

Immutable X Marketplace is a platform for buying and selling non-fungible tokens without gas costs developed on the Immutable X solution; which is the second layer of Ethereum created exclusively for NFT development tokens. Users of this marketplace platform can buy and sell NFTs. 

To date, the transaction volume traded on the Immutable X Marketplace is $360 million, ranking as the ninth largest NFT marketplace in the crypto industry.

rarible:

Rarible is an NFT marketplace platform built on Ethereum and implemented on the Tezos blockchain that enables the trading of non-fungible tokens. It is an open source platform that has generated a total volume of $301.1 million in sales to date. Today, Rarible has evolved into a multi-chain NFT marketplace that makes it easy for users to access different non-fungible collections through the same platform. Rarible Lists A Series Of NFT Collections Of Metaverses, Art, Avatars, Games And More; that are traded using ether (ETH).

Other popular NFT trading platforms that exist in the blockchain industry are SuperRare, Foundation, and NFTrade. 

NFT underlying technology

The hidden innovation that NFT depends on — blockchain . The main public, non-tamperable, and tradable qualities of NFT depend on the current blockchain innovation.

The data structure of the blockchain is divided into a block header and a block body. Different blocks are connected through the hash value of the previous block header to form a chain structure. The block header and the block body are connected through the Merkle root field. connected. Taking Ethereum as an example, the data stored in the block header mainly includes the hash value of the parent block header, the hash value of the root node of the Merkle tree related to the current block transaction, the block difficulty value, the miner address, the block height, the Gas Upper limit, Gas usage, timestamp, Nonce value, etc. nft development The data stored in the block body includes transaction record table and uncle block, where the NFT transaction record is stored in the data record table of the block body and packaged by miners.

Introduction to NFT System

The information bundled into the block affirmed on the blockchain can’t be messed with and will be for all time put away on the chain. After the information data of NFT is affirmed on the chain, it can presently not be altered. When miners or super nodes use consensus algorithm to complete block generation, they will broadcast to the whole network through P2P protocol (P2P protocol is a distributed network protocol, which appeared earlier than blockchain technology). , the information will be updated. This mechanism realizes a decentralized distributed record, and the consensus algorithm ensures that malicious nodes cannot tamper with the information.

1. Blockchain classification According to the degree of decentralization, it can be divided into three types of chains, namely public chains, alliance chains and private chains.

2. Consensus algorithm The basis for blockchain to establish decentralized trust is the consensus algorithm . The ongoing standard public chain agreement calculations are partitioned into three classes, in particular PoW, PoS, and DPoS:

PoW algorithm: Bitcoin and Ethereum 1.0 use PoW algorithm, namely Proof of Work, proof of work. Taking Bitcoin as an example, the SHA256 calculation is continuously performed, and finally the node that meets the hash value of a given number of leading 0s has the right to produce a block;

PoS algorithm: Ethereum 2.0 adopts this algorithm, Proof Of Stake, proof of rights and interests, and introduces the concept of coin age. The more coins you hold, the higher the probability of getting a block. This algorithm reduces the amount of calculation and improves TPS (concurrent transactions per second) volume), sacrificing a certain degree of decentralization;

DPoS algorithm: Delegated Proof of Stake, each node pledges the tokens in its hands to vote for the most capable and reputable nodes to produce blocks. Taking the EOS blockchain as an example, the entire network votes to select 21 super nodes and 21 super nodes. Nodes take turns to produce blocks, this algorithm can greatly improve TPS, but the degree of decentralization is further reduced Introduction to NFT System

3. Smart Contracts Standard protocol: NFT is deployed on the blockchain through standard contracts such as smart contracts ERC-721 and ERC-1155 . A smart contract is a piece of executable code deployed on the blockchain. The ERC-721 standard is applicable to any non-homogeneous digital content. ERC-1155 is more used in games to identify a type of props.

Smart contract transaction trigger and execution mechanism: transaction is a bridge connecting the external world and the internal state of Ethereum, so Ethereum is also called the state machine of the transaction. After the smart contract deployment of NFT is completed, the RPC interface is called externally to access the main network of Ethereum. The miners package the transaction,Nft development company and the EVM (Ethereum Virtual Machine) finds the corresponding smart contract and executes the corresponding contract function according to the external input parameters. After the execution is completed, the status is updated on the chain.

For example: The Boring Ape NFT developer deploys the smart contract code to Ethereum, which is included and displayed on the NFT trading platform OpenSea. When one of the users initiates the purchase of the Boring Ape NFT on the OpenSea platform, OpenSea calls the RPC interface to access the Ethereum main network to send transactions Request, miners package the transaction to find the smart contract to execute, and update the status on the chain to complete the transaction.

The Ethereum relay acts as a bridge connecting the traditional server side and the Ethereum blockchain in the service cluster. The relay is responsible for the realization of related functions on the public chain, and almost covers most of the functions of the current Ethereum DApp.

The so-called RPC protocol is to standardize a data format when the client interacts with the server that implements the RPC interface. The general process of RPC interface implementation. The caller of the service serializes and encodes the function name and parameters of an RPC interface according to the standard coding method, and then sends it to the service provider, that is, the server side. The server side then deserializes it. After that, the corresponding parameters are extracted, and then the result is returned to the caller of the service by calling the relevant function.

4. NFT industry chain The NFT industry chain includes the upstream infrastructure layer (settlement layer), the midstream project creation layer (protocol layer), and the downstream derivative application layer . The upstream infrastructure layer provides infrastructure support for NFT minting and trading. The midstream project creation layer mints NFTs according to the minting protocol and issues them in the primary market. The downstream derivative application layer derives NFT secondary markets and data around the NFT minted in the primary market. platforms and social platforms, etc.

NFT is an encrypted digital property right certificate based on blockchain technology. The casting, issuance, circulation and derivative applications of NFT require a relatively mature and usable blockchain and its underlying ecology (development tools, storage, wallets, etc.) As the underlying infrastructure support.

The NFT infrastructure layer is responsible for the recording and settlement of value, and builds the security and finality of the entire NFT ecosystem. The development space of NFT midstream and downstream applications is limited by the performance and interoperability of the upstream NFT infrastructure layer.

The construction of the NFT infrastructure layer includes point-to-point Internet protocols, platform-neutral computing description languages, data storage protocols, trustless interaction platforms, trustless interaction protocols, and transient data transmission.

The NFT ecology of Ethereum (ETH) developed earlier, forming non-homogeneous token protocol standards such as ECR721 and ECR1155, and is currently the absolute overlord of the infrastructure in the NFT field.

According to Cryptoslam’s statistics, the total transaction volume in the NFT field in the past 30 days (9.16–10.15) was 2.441 billion US dollars, of which 71.48% were based on Ethereum, and 18.52% were based on Ethereum’s side chain Ronin (mainly Axie Infinity), and the rest In addition to Solana, blockchain accounts for less than 1%.

There are more and more typical blockchain events out of the circle. NFTs and traditional brands are small hotspots in the industry recently, and events of well-known brands issuing NFTs break out from time to time.

This paper describes the theoretical and practical application methods of brand + NFT technology in the field of marketing.

Let me talk about some theoretical knowledge of brand marketing. These have nothing to do with blockchain web3. I copied it from the Internet.

The main functions of the brand are:

1) To transmit the quality signal of the product.

2) Sending market position signals.

Nowadays, the social material is extremely rich, and the signal transmission changes brought by Internet informatization have brought new challenges to the transmission of the two signals of this brand:

1) For consumers, the quality of products is more and more dependent on reviews and trust KOLs.

For example, when we eat, we read public reviews, and when we buy things on Taobao, we must look at negative reviews. Live streaming is a typical KOL guiding role for consumers.

2) More and more consumers are consuming certain brands or products because they need to express personalization or convey certain values ​​to the outside world. Buying something might just show that I’m not like you.

The classic is the Tesla electric car. The first consumers to buy the expensive and poor-quality Model S were mainly to express their environmental protection ideas.

3) Consumers are more and more hung up, requiring brands and enterprises to cooperate and listen to their voices. In other words, companies and brands are paying more and more attention to consumer feedback and co-creating brands with consumers. The consumer and business side becomes a partnership, not just a supplier-consumer relationship. By supplying consumers to become the co-creators of the brand, consumers will defend the brand with the company, and this type of user has strong loyalty.

Xiaomi’s early mobilization of users to jointly create MIUI is a classic case.

The latter two are the theoretical basis for the current relationship between NFT and traditional brands.

Now let’s take a look at the cases of how traditional brands have used NFT and other web3 technologies for marketing that have appeared in the market.

The first way is for traditional brands to issue NFTs and give them specific rights and interests, either in the form of consumer gifts or by selling them to users, and users can obtain corresponding rights and interests.

This method involves the technology of issuing NFT development company. Traditional brands need to write a contract to deploy to the chain, and users need to mint or claim specific NFTs. Users can also trade NFTs in the secondary market.

This NFT can be traded, which is the biggest innovation compared to the cards issued by traditional brands for users to collect.

A classic case is the NFT creative work “Big Mac Rubik’s Cube” released by McDonald’s at the end of last year.

In this way, consumers who practice the above brand marketing theory need to express personalization and map values.

But this method is more about using NFT to hype, speculate, and attract traffic. A positive understanding is to send NFTs to advertise.

The second way is to cooperate with traditional brands and well-known NFTs.

A typical case is the monkey out of the circle. Such as Li Ning issued #4102 boring ape NFT clothes and hats. The same goes for the recent Tiffany x Crypto Punks.

This cooperative approach involves the knowledge of copyright privatization of NFTs. Monkey BAYC is a set of NFT. After the user purchases a specific NFT, the copyright corresponding to the NFT belongs to the user, and the user can conduct commercial operation without the official authorization of the BAYC project.

This kind of case often has no technical problems with NFT and blockchain. For traditional brands and well-known NFT projects, it is a simple business cooperation and mutual empowerment.

This approach is to practice the brand theory that consumers want to express personalization and brand co-building.

The third way is to use NFT technology to build a special membership system.

Using NFT technology to implement a membership system will have some advantages over traditional web2 building a membership system.

1 Bring a secondary market to members. Because NFTs are tradable.

2 The brand side cannot delete the user’s membership, which gives the member a higher status.

The second point is actually very important.

The Coca-Cola Company, such a powerful company, once released a product with a new formula, but it was sprayed by its own users, and the company was forced to give up this flavor. This is a very top case of brand co-building and user loyalty.

Using NFT as a membership status allows members to trade, and brings about an improvement in membership status, which is more conducive to brand owners and users to build brands together, and is more conducive to building brand loyalty.

The fact that members cannot be deleted by the brand side will force the brand side to listen to the voice of users and let users participate in the building of the brand. This method may be to issue coins to users, and the method that users are shareholders is a step further. Because users are shareholders, this kind of shareholder status is more for dividends and profits. And NFT Generator members are rushing to build a brand together.

Dynamic NFTs or dNFTs are the next generation of NFTs , adding some exciting features like updating metadata to non-fungible tokens. With NFTs taking the world by storm, offering numerous opportunities to mint works of art, and holding their value in a trusted smart contract, the dynamic era is about to begin. These new types of NFTs can offer the best of both worlds , maintaining a unique non-fungible token while offering features such as metadata refresh.

The NFT sector has demonstrated its many capabilities in recent years. With many digital artists recognizing its power and offering their artwork in the NFT format, the world is seeing the many benefits. The metaverse is the next place we see NFTs playing a big role and offering a connected world. Additionally, many other industries such as real estate have seen and used the proposed value of NFTs. But there is something missing from the first generation of these non-fungible tokens. Its metadata cannot be updated.

The metadata of an NFT Development Company is where the related data is stored. This data can be the name of the NFT, its features and the address of the images, videos or other digital elements linked to it.

What is a dynamic NFT?

As its name suggests, dNFT is a form of NFT that offers dynamic features . NFTs were born to store a static form of digital creation (or the digital form of a physical thing) in a smart contract. In a nutshell, the NFT represents a digital element on a blockchain. As a result, each NFT has an immutable token ID. And the metadata for that ID cannot be changed .

But dynamic NFTs have come to change the concept. Change can happen because of many things — especially because of external conditions. The change occurs in the metadata . Developers build a dNFT and code the automatic changes into their smart contract. As a result, changes to a dNFT smart contract are based on conditions.

In the age of dynamic NFTs, NFTs can not only change based on conditions, but can also be minted based on them . When the dynamic concept enters, the possibilities will be limitless. Think metaverse games where characters and NFT creations can change based on interactions and even changes in the world. They will remain unique and stored in a smart contract, but their characteristics and metadata may change dynamically.

dNFT

Differences between NFT and dynamic NFT (dNFT)

A non-fungible token or NFT is a way of storing digital objects on the blockchain . As its name suggests, the NFT is not a token interchangeable with another. It is as if they are identical physical things that may even resemble each other, but cannot be interchanged with each other.

Each NFT is connected to a smart contract that makes it unique . A set of codes is used to create an NFT and connect it to a unique ID that sets it apart from others.

Most people are familiar with NFTs through pictures and artwork. The real NFT is the token’s code and ID , and the image is only attached to that code. This creates the feature of having a token that represents a digital object.

The ID of the NFTs cannot be changed. Consider digital works of art that are sold in the form of NFTs. in fact, the property of a work of art and the image that is attached in the description is sold . But in NFTs, the metadata can change.

Using the concept of NFTs to tokenize items that progress in the real world is somehow impossible. For example, a static form of NFT cannot represent an aging item because the metadata continually changes. But a dynamic NFT consists of metadata that can change based on conditions. As mentioned above, automatic changes can be coded into an NFT smart contract that dictates when and how the metadata changes.

Developers and designers who mint NFTs strive to offer a token that shows changes . In simple terms, dynamic NFT is programmed in some way so that end users and owners can easily see the changes that occur based on various conditions.

Dynamic NFT Use Cases

As mentioned above, dNFT is very useful for creating NFTs that undergo progress, aging, changes based on weather conditions, etc. , taking into account metaverse games and worlds . This progression is somewhat rewarding for the player. By using dynamic NFTs in games, we can see characters evolve and grow as the game continues or the player accomplishes something.

Another use case for dNFT is in real world assets that change over time and need a place to store the changes. Consider real estate that is held as an NFT Generator. The metadata of this NFT has a lot of information like the address, the area, and more. But a dNFT can store maintenance and upgrade history as well . In addition, past prices can also be saved to a dNFT.

Another great example is digital identity . Consider that your passport becomes a dNFT. You can travel without having to carry a piece of paper in your pocket. It updates automatically every time you travel.

The NFT sector has shown many capabilities to tokenize many items . It has shown digital artists the opportunity to maintain ownership of their creations on a secure network. In addition, it has helped the play-to-earn games industry to promote and offer new benefits. All of these benefits lack one thing which is updatable metadata. Traditional NFTs store static data and cannot be updated. Therefore, the dynamic NFT movement has come to solve this challenge.

Why should you create an NFT?

Throughout history, artists have striven to earn more from their works even when the value appreciates.Fortunately, this is not the case with NFTs. If you are an artist, you may want to consider creating NFTs for these three main reasons:

Royalties for life

Artists don’t just make money selling their digital art tokens one time, they can continue to make money on them for as long as they exist.

You can schedule copyrights on your digital works of art, and this allows you to receive a percentage of the sales profits each time the work is sold to a new user.The programmed percentage on the artworks can range from 2.5% to 10%, and this ensures that you receive interest on lifetime resales of the NFT artworks.

Cheaper to assemble

Since the sale of NFT art takes place online through various peer-to-peer marketplaces to a global audience, you don’t need to spend money to have your works published in real art galleries.This allows you to keep an important part of the profits obtained from sales.

Verifiable and authentic

While anyone can view your digital artwork token, link to it, or even download it, it’s only owned by one person at a time.Once entered into the blockchain, the NFT has an unmistakable certificate of authenticity, as the creator, purchase price, and subsequent owners and purchase prices are visible and travel with the work.

This contributes to a level of market transparency that has never existed in the world of traditional art. Nft generator The following section provides a detailed, step-by-step guide on how to create NFT art.

How to Create an NFT: in 6 SIMPLE Steps

Next, we will show you the series of steps that you must follow if you want to create your own NFT in a simple, safe and cheap way.

Now you know how to create an NFT, so if you are a digital artist or know one you can start creating your unique collections and monetize them.

Select a Marketplace

The first step in creating your NFT artwork is to select the marketplace where your work will be published.There are two categories of this peer-to-peer marketplace that you can choose from, they are:

Curated Platforms:

This market category of NFTs only allows authorized artists to mint or create digital art tokens.They mainly focus on high-quality digital art tokens, not just low-quality and simple collectibles.

Platforms like SuperRare are curated NFT marketplaces. Some of their features are higher transaction fees and less flexibility in the royalty percentages you can program into your artwork.

Free platforms:

This category of the peer-to-peer market allows everyone to create their NFT with whatever they want. Thus, you can make your own with a photo, a video or an audio file.

It also allows you to set the royalty percentage you want to collect for each token sale. Platforms like OpenSea and Rarible fall into this category.

One risk associated with this category of NFT market is that there are often too many copycats and fraudsters. Once you have selected the market you want to use and opened an account with it, it is time to take the next step. In this case we will use the OpenSea market as a reference.

Create your Digital Wallet

The next step is to create a digital wallet to store both your cryptocurrencies and NFTs. Yes, cryptocurrencies, precisely Ether, are necessary in the process of creating NFTs.

It would be helpful if you had Ether, as various NFTs are created on the Ethereum blockchain.The ETH is used to pay the gas fee, the cost of the transaction on the Ethereum blockchain before listing any tokens you have made.OpenSea often recommends using the MetaMask cryptocurrency wallet Google Chrome extension, buying your ETH, and getting ready to mint NFTs. The creation of an NFT costs between 15 and 300 dollars in ETH. So if your funds are ready, move on to the next step.

Create your collection

You are not currently creating your digital art sheet. Serve as a warehouse or gallery for your digital arts.

Now, you have to personalize your collection by entering a name for it, writing the description and uploading a splash image.This creates the foundation for you to display your artwork when you’ve created it.

Create your NFT Token

Once you’ve finished your collection, it’s time to get into the main process of creating your NFT.

Click Add New Item, and it will give you the option to upload metadata including visual (JPG, PNG, GIF, etc.), audio (MP3, etc.) and 3D (GLB, etc.) files and give a name your token.You can choose to mint an unlimited number of tokens, but you do so one at a time. It is also important to consider how many editions of the same token you want to create.

Stand Alone Tokens:

This means that you can only create one copy of that particular digital art token, which makes it even more valuable.

Edition Tokens :

Here you create as many copies of the same tile as you can. Just add the edition number to differentiate each replica. You can then add properties, levels, and stats where appropriate, as they allow buyers browsing your collection to filter your artwork.

The properties can be something like the Token creation date.

Once you have added all the necessary details, including social links, updated image, description, and name, click “Create” to add your NFT to the blockchain, and this step will require ETH to pay approval fees. and gas.

You can then choose the payment tokens you would like to accept for your digital art.You can also select the royalty percentage to receive on secondary sales of your artwork.

List NFTs

Once you have created your NFTs, the next thing is to put them up for sale. You can choose a fixed price listing or an auction and set your price.

If this is your first time creating and selling an NFT, you will need to pay a gas fee before listing your work.

Promote your work on social networks

Although this last step is not essential to create an NFT, we consider it essential to achieve success when selling your art. To increase the chances of selling your work, you will need to build a significant fan base.

Therefore, you need to share your direct link with potential buyers and promote your work to fans on social media to help them discover it.

Create an NFT without programming

Many wonder if it is possible to create an NFT without programming, and as we saw in the section above, if it is possible to create an NFT without the need to know programming by following this simple series of steps.

What is NFT?

NFTs are cryptographic assets created on the blockchain that are assigned a unique identification code and metadata that separates and distinguishes them from each other.

“Irreplaceable” means that NFTs have inherently unique characteristics and properties that cannot be replaced by something else. Similar to one-of-a-kind trading cards, nothing can replace existing NFTs.

NFTs can represent a range of physical and digital assets. Using smart contract technology, these tokens can represent digital items like artwork, physical products like shoes, or even access to events like tickets.

Furthermore, smart contracts can be updated indefinitely. This means that NFTs can provide unlimited value. For example, let’s say you buy a Nike NFT, where a smart contract promises you a limited-edition pair of sneakers at the time of purchase. This means that NFTs can not only serve as a proof of authenticity for sneakers, but also provide you with a physical product.

This smart contract can be updated at any time. So if Nike decides that for the next few years, all holders of that particular NFT Development Solutions will receive a new pair of Nikes every five years, in addition to the airdropped NFT representing each new pair of shoes, Nike can easily do that.

The most important aspect of NFT is that it is minted (created) on the blockchain. Unlike the Internet, the blockchain is an immutable digital ledger. Using blockchain, you can easily track these tokens, verify their authenticity, and ensure that the asset you are buying is actually what you expected.

How is NFT different from encryption?

The easiest way to differentiate cryptocurrencies from NFTs is to understand that crypto is a digital medium of exchange, while NFTs are digital assets that can represent anything.

Differences between NFTs and cryptocurrencies

If you think about it, cryptocurrency isn’t that much different from real-life money, it’s just that it’s digital and not backed by any central banking institution.

Its utility is similar to that of fiat currency. Due to their theoretical value, they can be used to buy commodities and as investment vehicles.

On the other hand, NFTs have more comprehensive utilities in the virtual world, art, gaming, event tickets, real estate and hospitality industries. As the technology becomes more widespread, more use cases for NFTs are being developed.

The utility of NFTs is also an important factor in determining their value. NFTs are bought and traded for their artistic quality, but the fast-growing space has forced NFT project developers to come up with more perks and utilities than just owning assets.

Overall, NFTs have the potential to give you more in terms of usage. Money is money, but assets can provide you with many benefits. This is the case when distinguishing between NFTs and cryptocurrencies.

Cryptocurrencies are just money. NFTs can represent any type of product, access to events, and agreements or contracts.

How do cryptocurrencies relate to NFTs?

Cryptocurrencies and NFTs are related because they are both digital assets that are tracked and verified using blockchain technology. Furthermore, they all use the same technology to be decentralized and secure. Although cryptocurrencies and NFTs are considered potential investments, they are both volatile assets.

1. Both cryptocurrencies and NFTs utilize blockchain technology Both cryptocurrencies and NFTs are forms of digital assets that exist on the blockchain. Using this technology, both assets can be tracked, verified, and traded without an intermediary. This creates a completely trustless system that allows assets to be traded anywhere,

So while both assets use the same technology (similar to how debit cards and e-commerce both use the internet), they serve different purposes.

2. Cryptocurrencies are used to buy NFTs Considering that NFTs are decentralized assets that exist on the blockchain, there is only one way to keep them decentralized — and that is to buy them using a decentralized payment method, which is cryptocurrencies.

Are NFTs better than encryption?

NFTs and cryptocurrencies offer completely different values ​​to holders, so it would be unfair to say that one is better than the other. NFTs can provide instant value to holders through products and access rights, whereas cryptocurrencies are just a medium of exchange. Regardless, both offer unique investment opportunities.

NFTs and cryptographic value

Before anyone can actually answer this question, Nft generator first you need to ask yourself what you want. Do you just want to make a profit? Or are you looking for other forms of value?

The value of NFTs: The value proposition of NFTs is much larger than that of cryptocurrencies. Considering that NFTs can represent almost anything (digital or physical products, contracts, access to events, etc.), buying NFTs can extract value in many forms.

Additionally, many people acquire NFTs as a status symbol. Similar to how people wear a Rolex or drive a BMW, owning some kind of NFT (such as a Bored Ape) is often seen as a proof in the digital space.

Ultimately, if you want the associated utility that NFTs provide, it only makes sense that a particular NFT might give you more value than any cryptocurrency.

Having said that, you may need to acquire some kind of cryptocurrency in order to buy said NFT, so that alone can be considered valuable.

Value of cryptocurrencies: Aside from being a means of exchange, cryptocurrencies don’t offer much value to their holders. Of course, those who choose to buy cryptocurrencies solely as an investment may not think so.

With all of this in mind, deciding whether NFTs or cryptocurrencies are better depends on personal goals and aspirations. Although both assets serve different purposes, they both have value in their own way.

Play NFTs or Cryptocurrencies If you like the benefits NFTs offer and think it’s worth the money, then focus on investing in NFTs. Only buy a cryptocurrency if it is useful to it or there is reason to believe that its value will increase. Either way, always do your own research and never spend more than you can afford to lose.