How to create, buy and sell NFTs
The nonfungible tokens (or NFTs) technology, as an innovative blockchain and creative industries phenomenon, is undergoing a renaissance. Recently, I wrote a couple of guides on NFTs for Cointelegraph.
Here is a practical guide on successfully jumping on the bandwagon of creating an NFT:
In the second guide, I cover everything you need to know to join the NFT renaissance. Buying and selling creative products has never been so easy.
To sum up, what do NFTs mean for their sellers and buyers?
For sellers, the nonfungible tokens technology makes it not only possible to sell something directly to the customer at this very moment, but also to keep earning royalties for their creative work in the future. Without the mediation of third parties, only relying on unbiased blockchain technology, the selling process becomes more transparent and simple as never before.
For buyers, NFTs provide a secure certificate of ownership over digital items and real-world objects represented in form of NFTs, protecting their value. As the internet makes it easy to duplicate and forge everything, without indisputable ownership recorded on the blockchain, the creative work could be essentially worthless. The nonfungible tokens technology helps to avoid it.
