Just like cryptocurrencies, NFT is also a purely digital asset. He then escapes all physical form. Its nature gives it a unique property. In this part, we will devote a few lines to NFT art.

NFT art, an opportunity for artists

NFT art is about works of art. Before, artists had to content themselves with publishing and republishing their works without actually enjoying them exclusively. Today, thanks to the NFT market, digital works of art will be able to conquer the world, while benefiting their creator. The exhibition is accessible from anywhere, anytime.

NFT art means for artists an opportunity to sell their work legally . This type of token is tokenized on the cryptocurrency service, the Blockchain. It is said to be “struck”.

Blockchain technology follows the same principles as cryptocurrencies. This entirely digital transaction system is immune to any form of piracy or fraud . This is also why you have to remember the access code to the wallet for fear of losing everything if you forget it.

nft art

NFT art, a new source of income

Currently, there are a number of non-fungible tokens that come with royalties . This involves the creative artist receiving a percentage of the value of all future sales. The rate varies from 8 to 10% depending on the platform.

However, the value of NFT art depends on the price of cryptocurrencies , Ethereum in particular. If the value of the crypto decreases, this will necessarily cause the price of the NFT to decrease, and vice versa.

What would be its global reach?

Previously, and even now, most artists sell their works only during exhibitions and auctions. This significantly limits the mobility of masterpieces and that of their creator.

With the advent of Blockchain technology in the artistic field, these sales can be made remotely , thus excluding any barrier. NFT art buying and selling platforms are taking more and more space in the digital world.

Artists will no longer have to wait for IRL events before earning income from their work. Thus, one can conclude a secure future for artists around the world as NFT art exchange platforms are gaining momentum over time.

Who can create an NFT?

Of course, anyone can create an NFT provided they have all the necessary tools for this purpose.

First of all, you have to master the workings of Blockchain technology in order to guarantee the security of your cryptographic portfolio. We saw above that digital token transactions are made exclusively in cryptocurrencies, Ethereum in particular.

Also, remember that the choice of platform is crucial. Choosing a platform or platforms that can lower the cost of minting and mining is only sensible.

Then, other elements are also to be taken into account if you want to succeed in the creation of NFT. These include market size (determined by the number of users of a Blockchain), secondary markets for trading NFTs, additional services, and mining fees . Blockchain’s carbon footprint should also not be ignored.

NFT Non Fungible Tokens

How to create an NFT for free?

Anyone can create NFT as long as all the necessary tools are in place. However, it should be remembered that in order to be able to sell it, you have to pay a fee.

In general, creating NFTs only takes a few minutes and it does so in a more or less similar way for most platforms . And since OpenSea is at the top of our ranking, we will take it as an example of a platform to create NFT for free.

The creation of the token

Non-fungible token creation begins with a click on the “create” button on Metamask. Which allows you to create a collection . After that, you are requested to accept the terms of use by signing the Metamask confirmation. Your collection needs logo, name and description, it’s time to add them to complete its creation.

Once the collection is created, you can add whatever items you want to hit to it. To do this, click on “Add a new item” before signing the action on your Metamask. Then add the file you want to link to the NFT.

Many formats are acceptable: jpg, png, Gif, svg, mp3, mp4, webm, wav, ogg, glb, gltf. The token must have a name and the size of the file to be linked must not exceed 100MB .

Other features for your NFT

You can also add other characteristics to the newly created token. For example, a blocked content is only admissible by the owner, therefore the buyer of the token.

Finally, we must remember that you must define the number of copies you want for the token. Before you sell the NFT thus created, it must undergo a pre- verification where its authenticity is verified . If all goes well, you can sell it with peace of mind.

How to verify the authenticity of an NFT?

The term non-fungible determines the uniqueness of an object. And the main distinction between an NFT and a cryptocurrency is that each NFT has its own unique value. A creator can create two different NFTs for the same artwork. The value of the two coins may vary.

This authenticity can be guaranteed, as each token has verifiable metadata and a transaction log. These can help prove ownership registration . And the blockchain ensures the security of these tokens, keeping every piece of data safe and nearly impossible to replicate.

The fastest and easiest way to verify the authenticity of an NFT is to examine its metadata using a blockchain explorer, such as Etherscan.io. You then either have to find the asset on the blockchain or ask for the wallet address of whoever is transmitting the asset to make sure it exists and is in their possession. To do this, here is how to proceed:

  • Check NFT metadata on blockchain explorer.
  • Determine the location of the NFT hash. This indicates where the NFT is stored on the blockchain.
  • In the blockchain explorer, you must enter the hash of the NFT. The NFT metadata will then be displayed. Moreover, this data makes it possible to identify whether an NFT is authentic.
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SAKHRI Mohamed

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Passionate about the web, new technologies and IT, I share on easy-tutorials.com tutorials, tips, advice, online tools and software for Windows, Mac and Linux.

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