In this article we will talk and discuss about NFT, this article will guide you to know more about NFT with quick and informative way. NFT 101
What is NFT?
Nft is non fungible token, so it is basically a unique token that represents an asset with a value on it. compare with Cryptocurrency is a fungible token, that’s all token same and holds a same value. In a NFT collection that is created, it have a number on it and have a different trait combination inside that collection. By using Blockchain Technology that provides to distribute and transfer in Ownership. Owning an NFT which mean u have a ownership and IP rights of that NFT and in other name u could use it for commercial uses.
With the mechanism, NFT cannot be copied and transfer by regular data in computer. Uploading and validating a piece of NFT is called Minting, minting cost network validation in Blockchain (Gas fee). Every transaction in NFT space required network validation that includes transfers, Listing, Minting, Delist cost Gas fee for network validation of a transaction. NFT have many types of it
Category of Collection in NFT
Art Collection is piece of art that’s created as NFT collection by artist. the collection is usually created 1 by 1 by the artist and minted in Blockchain Network.
Collectibles Collection is the collection created by an NFT project with collaboration with a artist that offers you benefit when u holding their collection. The advantage is named Utility. In collectibles collection there is several type on it :
PFP collection for example Bored Ape Yacht Club, Cryptopunks, Cyberkongz
Utility based collection is a collection that just offers several benefits to holders for instance it’s like Membership ex: 0x studio pass, JRNY pass, PROOF collective
Land and virtual world collection is a collection of digital items in metaverse example: Sandbox, Decentraland, NFT Worlds, Arcade Land.
Trading card and Game items collection this was a collection that represents ownership of items in game or Web 3
Domain Names now domain names could represent the ownership as more advanced this provide easier to trade or sell domain names.
NFT Music represents ownership of Music that helps Music artist to tokenize their songs and as the owner could get several benefits from the artist. It is more like buying an album of songs in the physical world.
Photography Collection
The photography collection is a NFT collection that is a Photograph that took by a photographer. And minted in Blockchain.
How to started learn more about NFT community and learn more about Nft projects
Nft market is changing so fast, the first tip I could give u to learn that, get interact with NFT community in social media. Following several person in Nft space makes you connect with more people and get a lot of information. I would recommend you use Twitter and for know more about NFT project, u could join their Discord. Learn about how the market flows, and learn how to get a whitelist of a project. Learn more a project by listen their AMA. Be patient when learning, don’t get Fomo and just follow the influencer act and be careful of Scams, don’t click any strange link in your email or dm.
How to buy NFT
There are 2 ways to buy an NFT. first, u could get by minted a project, it gives u a new fresh of NFT collection that coming to market. Minted NFT mean that u buy an NFT direct from their creator project of that Nft collection this was done directly to their website. Second u buy it in NFT Marketplace there is many marketplaces of NFT ex: Opensea, CNFT, Solsea, and Magiceden, One of the most famous one is Opensea . In this marketplace u bought NFT from a person that listed or also there is several collections from artist that u could buy in NFT marketplace.
First u need to create a wallet =>Connect wallet to website project or web NFT marketplace => sign a confirmation => confirm the transaction => receive your NFT in your wallet.
That’s all for the quick information about NFT, I hope this article will helpful see yaa!
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