What is NFT? How does work? How to sell NFT Art ?

We will discuss about NFT in detail in this article, so read this article from beginning to end so that whenever someone discusses NFT, you can also talk to them about NFT. How to sell nft art.

What is NFT?

The full meaning of NFT is Non Fungible Token, these are digital items like any Art, Game, GIF, Video, Music, Text, Image etc. Due to it being Non Fungible, they have a unique identity and they can be exchanged for anything or thing. Cannot be changed in.

How to sell NFT Art

Like we can buy an item very easily in exchange for money or we can replace Rs 10 note with another Rs 10 note because both cost the same, but in NFT this is not the case, you can do any digital art. You cannot interchange any other digital art in lieu of it.

Every NFT has a different identity from other NFTs and is different from the rest. For example, the picture of Mona Lisa, which is one of the most precious and unique pictures that cannot be exchanged for anything.

You cannot divide them into pieces the way Bitcoin is, you can buy 0.5, 0.05 bitcoins if you want, but you cannot buy any NFT in pieces. Due to the same NFT being digital, no one can touch or feel them.

Only one owner can own an NFT at a time, no one can sell it by taking its picture or downloading its picture from the internet because NFT runs on the blockchain and their information is stored on the blockchain itself that is the owner of an NFT. It happens that all its information is keeping in that blockchain.

Due to this blockchain being public, one can easily find out who the real owner of an NFT is and who has the right to sell it.

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How does NFT work?

As I told you NFT are stored on the blockchain, it is impossible for any NFT to exist without the blockchain, although there are many platforms like Binance Smart Chain, EOS, TRON, WAX etc. where NFTs are made, bought, and sold.

However, ETHEREUM is the first platform that created Smart Contract and on which the first NFT Cryptokitties were built. In addition, most of the NFT related projects are built on ETHEREUM.

Anyone can use any common picture or anything in today’s internet era, whether it is someone’s picture or any music, video etc.

Nevertheless, when the same thing is made like NFT, then its use remains limited to a limited extent, not everyone can use it, because it is tokenised and made a digital certificate that is stored on the blockchain.

Whoever is the owner of NFT, he can sell that digital certificate to anyone or in the same way he can also buy that certificate from anyone.

The biggest advantage of this is that whenever an NFT is selling further, the creator of that NFT will continue to get some percentage of that as long as that NFT continues to be sold.

How to sell NFT Art

How to sell NFT Art – It is not necessary that you need any kind of art for NFT, only then you will be able to sell it.

The meaning of NFT is unique, you can sell your own painting by making a separate painting or you can also sell your picture, song or any video like NFT.

After this you have to decide on which Blockchain you want to keep that NFT, if you want, you can keep it on Ethereum’s blockchain which is most used to buy and sell NFT or you can use Binance Smart Chain, You can choose other blockchains like Polkadot, EOS to store NFTs.

Once you have selected your digital art, you will need to buy some Ether that is a token of the Ethereum network as most of the NFTs are sold on the Ethereum network, so here we are assuming the Rarible NFT Marketplace that supports Ethereum’s blockchain.

And you have to pay fees to use Ethereum’s network which is given in Ether, so first you have to buy some Ether and whenever you list your digital art, you have to pay some gas fees for that which is normal. In language, you will have to pay a fee to list your art. How to sell NFT Art.

Therefore, whichever art you choose, choose it very carefully, you have confidence in yourself that someone will buy that art of yours, because there is many fees on the network of Ethereum, although this fee after the arrival of Ethereum 2.0 It will be very less.

Before using whichever network you are using, make sure to check which blockchain it supports like Rarible, Super Rare that supports Ethereum’s blockchain. How to sell NFT Art.

Along with this, you will also need a Digital Wallet “Metamask” which is a digital wallet, you can use it, it is also very easy to use and it is using a lot.

Once you have listed your NFT, the higher the demand for your art, the more your art will be auctioned and the more expensive it is likely to be sold, you can set the price of your NFT yourself if you want.

What is the difference between NFT and Cryptocurrency?

Although NFT also runs on the Blockchain like Cryptocurrency, but Cryptocurrency is Fungible i.e. Cryptocurrency can be interchanged, if you want, you can exchange 1 Bitcoin in exchange for 1 Bitcoin, whose price will remain the same.

On the other hand, if you want, you can buy Ethereum or any other cryptocurrency with the same bitcoin, but the same NFT is Non Fungible, you cannot do this in this, you cannot buy another NFT instead of one NFT because both have different identities and both are the same. Completely different from the other.

How to sell NFT Art

Famous Celebrities Who Are Selling By Making NFTs

The world’s attention to NFT came when Mike Winklemann, who is also famous as Beeple, sold one of his digital art named “Everyday’s: the First 5000 Days” for $69.3 million, which brought the world’s attention to NFT.

Since then more and more NFT is being discussed all over the world, after that famous celebrities also started launching their own NFT, some of which are named like Eminem.

Eminem launched his NFT in April 2021, which he named “Shady Con”, which was sold for about $1.78 Million; similarly, he has also launched his NFTs for his fans.

Elon Musk’s wife Grimes who is a famous singer also launched her digital art under the name “WarNymph”, within 20 minutes of launch her 10 NFTs were sold for $5.8 million.

Similarly, celebrities like Snoop Dogg, Shawn Mendes, and Jack Dorsey have made their own NFTs and are selling them in crores.

Conclusion

Hope you have to know a lot about NFT, what is NFT? How does NFT work? How to sell NFT Art? If you want, you can easily make and sell your NFT by visiting NFT market place like Openseas, Rarible, and Super Rare.

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If you have any question related to NFT or How to sell NFT Art, cryptocurrency, then you can ask us by commenting, we will be happy to answer your questions.

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