Showing posts with label crypto. Show all posts
Showing posts with label crypto. Show all posts

Sunday, March 6, 2022

What are NFT's

 Many are asking what NFT is and how we can earn from it. With my limited knowledge, I will try to explain in a layman language. Would love to have comments for corrections or improvements. 

NFT is a non-fungible token, which you may have heard of. In other words it a piece of non-interchangeable data stored in blockchain associated with digital file. An example of it could be Pictures, Audios or video. One can create NTF art or a video and host it with any reliable NTF platform. 

Making money with NFT could be selling copies or art, music or a clip. Even on can sell the ownership of it. However; they will remain the author of that NFT.

How to create a NFT - You can find any marketplace and mint your asset on one of these NFT marketplace. Few of them to name are Opensea, Rerible, Niftygateway and many others.