This story is consist of Non fungible token (nft) overview evaluation opportunities and challenges along with best NFT marketplace.
WHAT IS NON FUNGIBLE TOKEN (NFT)
Non fungible token (NFT) is a digital item that travels on blockchain network and can be created, purchased or sold in the open market.
Non fungible token meaning
These items (NFTs) can be owned and controlled by any individual users without the interference, support or permission of any centralized company.
The most important feature of NFT is that NFT cannot be changed, it is a unique and proprietary asset.
NFT’s are modern type of digital collectibles such as tickets, coins, stamps etc.
NFT’s are authenticity created by the blockchain for a digital asset including painting, music, video, artwork and more.
– No middleman – No regional barriers – Easy trading – Increased in liquidity due to token standards – Easy redemption – Transaction cost reduction – NFT buyers can purchase the token directly from the exact source – NFT holders can sell to the token to direct buyers
One of the most important feature of NFT is uniqueness. Earlier there were always a hidden fear of story stolen and lots of talented writers and story tellers were often cheated by some big guns
Now anyone can sell his/her unique creativity in the forms of lyrics, story, art etc. If you are a writer and want to sell your story in Hollywood or Bollywood then you must go for NFT and secure your story digitally where you can sell it to the right person directly.
You can create your own owned NFT via Rari, Opensea etc. In Rari follow these steps 1. Select creat option then fill all information 2. Choose free minting then 3. Click create item and sign free authorization with your wallet thats it.
You can buy NFT through NFT marketplaces such as opensea, Rari nft marketplace, mintable, foundation, colexion etc.
For both buying and selling NFT’s you have to use NFT marketplace such as opensea, Rarible, Nifty Gateway, Superrare etc.