An NFT is a unique digital asset that is a representation of an object in the real world. One of the most common types of NFT is digital art. But NFTs are not limited to this.
What Are Non-Fungible Tokens (NFTs)?
An NFT is a unique digital asset that cannot be directly replaced with another asset. This explains the “non-fungible” aspect of its name.
NFTs started in 2017 with the CryptoKitties game. This is a popular game that allows players to purchase and breed virtual cats. This sparked an increase in the use of NFTs by game developers.
How NFTs Work
If you want to profit from NFTs it is always a good idea to have a good grounding in how they work. You learned in the first video that NFTs are tied to a blockchain network.
Understanding the significant benefits provided by NFTs will help you to grasp the potential of them now and in the future. We will cover this and more in the training.
The Benefits Of NFTs
With many different use cases for NFTs emerging, this is also likely to be a driver for significant inclusive growth.
We are going to use the example of art for the creation of an NFT. Of course, this is not the only type of NFT that you can create. The process is likely to be the same for any type of digital asset that you want to turn into an NFT.
How To Create NFTs
This video is all about creating your own NFTs. A lot of people think that this is a very complex process which requires coding knowledge and other skills. As you will discover, this is not the case at all.
It is important that you understand what each marketplace can offer you before you make a final decision.
How To Choose An NFT Marketplace
There are a number of marketplaces that cater for niche NFTs such as digital fantasy football cards and virtual world avatars. New marketplaces are emerging to meet the growing demand.
We recommend that you do a lot more than just mint your NFTs and list them on OpenSea. Promote your NFTs more aggressively so that you can make sales faster.
Proven Tips For Selling Your NFTs
In this video, we will provide you with some proven techniques for effectively promoting your NFTs.
If you are not familiar with the term “flipping” it is where you buy something at a low price and then sell it at a higher price.
Investing In NFTs And Flipping For Profit
Investing in NFTs and flipping them for profits is something that you can definitely do. Not everyone is artistic and cut out for creating and selling their own NFTs.
If you have taken this training from start to finish you will know what NFTs are and what they are not, how they work, how to create them and how to promote them.
Conclusion
Get started today with NFTs. We wish you every success with NFTs and the future opportunities that you can derive from them.