NFT token development

1. What is NFT token development? In order to understand how NFT tokens are developed it is important to know what are NFT tokens? What is a NFT token? As the name suggest non fungible means something that cannot be replaced, i.e. unique. NFT could be anything right from art to a tweet which is stored in a digital format along with a unique signature. Unlike crypto coins which are fungible, meaning when you exchange one coin for another you get the same thing in value. The same cannot be said for NFT. When you exchange one NFT for another does not mean they are of same value. What is the use of NFT token? As mentioned earlier NFT tokens could be anything right from a song, art to a tweet which is converted into a digital form with unique signature. It facilitates selling of digital art as it provides unique identity to that art work. For example, recently the founder of Twitter sold his tweet for a whopping $ 3 million as NFT. How to create NFT? Technically it is not created but minted on any exchange or NFT marketplace. Just like any other market place one needs to list their digital assets on the NFT market place. Minting an NFT basically means converting a digital file into a block chain-based NFT. famous NFT Marketplaces are NFTically, WazirX NFT etc. Globally, platforms like Open Sea and Rarible are some of the largest NFT marketplaces. Here are some simple steps you can follow in order to create NFT from your digital assets Some of the 1) Create a Crypto Wallet - This is the first prerequisite for minting digital assets as NFT. You can use any popular platform for the same.

2. 2) Select NFT marketplace - Another important thing would be a selection of a good NFT marketplace. There are many popular platforms to choose from as mentioned above. 3) NFT minting process - Every marketplace clearly lists the ways in which you can follow the steps and create your NFT from digital assets. Mostly you have to click Create and upload your digital asset which you want to create as NFT. You can do this singularly or in series. BEP-721 and BEP-1155 are block chain protocols for minting NFT. Once you upload your digital file you are asked to pay a certain fee as gas fee in crypto and the process is completed. 4) Fees for NFT - Every marketplace charges a certain fees for processing your digital assets as NFT. This is known as gas fees. There are several ways in which you can mint NFT on marketplace. For example, you can either rent NFT, sell them or even flip them, that is buy from one person and sell to another provided the NFT has some inherent value to it. We can say that today NFT have opened up a completely new market for artists, content creators, and for anyone who is interested in buying and selling useful digital asset. It provides chance for artist to list their digital artwork as NFT on marketplaces and do away with hefty agent fees. This also provides opportunity to make others to reach out to the artists who wish to own a certain art. Thus we hope that this article will help you list your digital asset as NFT easily and mint it on NFT marketplaces. PlatinX is one of the best block chain development companies in India. For any block chain related services contact www.platinx.io