What Are NFTs? Learning How To Create And Sell NFTs

　　Non-fungible tokens (NFTs) are all the rage at the moment, and artists are making money hand over fist. Some NFT-artwork, like Jones‘s Bitcoin Angel has gone for millions of dollars, and there’s no sign of this hot market slowing down.

　　But what are NFTs and why is NFT based artwork worth so much money to collectors？ Is there a way to create and sell your own NFT masterpiece？ Well, this is the latest hotcake to come out of the blockchain oven and most importantly, its not too late to become part of it!

　　What is NFT Art？

　　NFT digital artwork can be just about anything your heart desires. Whether its a vintage Ford Mustang sitting in your driveway, a song you wrote with a friend, a picture of your cat or a meme you created – it can all become an NFT.

　　An NFT is simply a token stored on a blockchain that verifies ownership of a certain item or piece of art. You could turn the Mona Lisa into an NFT if you really wanted to, but youd have to own it first.

　　Anyone on the planet can create an NFT out of anything they can think of. With a little bit of knowledge and skill, they can then list it on a marketplace like Opensea and sell it, hopefully making their fame and fortune in the process.

　　Why Are NFTs So Popular？

　　NFTs have been around for a long time now, but they‘re only just catching on. Why？ Because marketplaces to buy and sell NFTs weren’t able to exist. Now these marketplaces are popping up all over the place, and of course everyone wants to jump in on the cash making hype of NFTs.

　　Mike Winkelmann, aka Beeple, sold one of his NFTs for $69.3 million, making him the 3rd wealthiest living artist. Imagine not wanting to get on that earning potential. Furthermore, Beeple sets his NFTs in such a way that he gets a 10% cut, every time his artwork changes hands!

　　As a result, everyone from Grimes and Messi to William Shatner and CR7 have joined the NFT hype. You can turn anything in the world into an NFT, meaning the possibilities are truly endless.

　　How to Make an NFT Artwork？

　　Making an NFT is far simpler than you might imagine. Lets take 8biticon pixel avatar maker for example. First, you can get super creative making your very own 8-bit avatar and once you are done, turn it into an NFT and earn passive income by holding on to it!

　　The 8-bit avatars you design with 8biticon.com, are made up of unique items. Each of these attributes acts like a separate entity and therefore carries its own market value that increases with every new purchase by the community.

　　In other words, any time another user mints an 8-bit avatar using items that you‘ve used to create a pixel avatar, you get a cut of it. Let’s say you put a cool wooly pink hat on an avatar that is about to join your NFT collection and mint it. Every time someone else puts a pink woolly hat on their avatar you‘ll be rewarded with a share of what the other person pays for it! Think Beeple’s 10% but better. Alternatively, you can list your unique NFT artwork for sale on an NFT marketplace and sell it for instant cash!

　　What Are the Benefits of Buying and Selling NFTs？

　　Buying a crypto artwork NFT gives you the rights to a certain piece of art or item. The record of your ownership is stored on the blockchain forever, which makes authentication incredibly easy. For artists, selling NFTs is another fantastic way to get your creations out there. It‘s a chance to boost your profile and get more eyeballs on your work, and who knows, maybe you’ll be able to make your fortune in the NFT artwork world like Trevor Jones did!

　　The price schematics behind NFTs are quite straightforward. People see non-fungible tokens as a vehicle to store value with and therefore, NFTs dont usually go down in price. Instead, naturally for a seed stage market, values tend to only increase, followed by the logic that if someone is ready to pay X amount of money for an art piece, then so should the rest of the art community.

　　Make Your Own NFT Today!

　　How to turn artwork into NFT？ Creating your own NFT takes a couple of seconds and its a fun process. Simply click and pick the various elements available at 8biticon and customize your avatar. Then you just mint it and decide whether it is the ongoing rewards or the one time success sale you are after. Alternatively, pick your items based on what you think will be popular. Doing this will give you a chance at earning more passive income as more people will use your items in the future.

　　The possibilities are endless and NFTs are simple!

　　If you‘re unsure how to create NFT artwork, you can drop the 8biticon team an email and they’ll do their best to help you out and answer all your questions!

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

　　iOS: t.ly/UUCj

　　Android: t.ly/cfYt

　　Source: Blockchain News