What are Non-fungible tokens (NFTs)?
NFT stands for “non-fungible token” and it may store any digital content, such as memes, gifs, songs, or music and videos. It’s non-fungible, which implies its one-of-a-kind. Fungible has bitcoin as an example. Because bitcoins are identical, they can be exchanged for one another.
NFTs (Non-Fungible Tokens) are virtual assets with no physical form that can be sold like any other physical thing.
Like a real-life picture or one copy of many, like playing cards, the blockchain keeps track of who owns the file. NFTs are non-fungible, one-of-a-kind tokens that cannot be exchanged for other tokens.
On the other hand, not all NFTs are created equal. You can buy and sell ownership of unique digital items on the blockchain, and keep track of who owns them via NFTs. It is possible for an NFT to be one-of-a-kind or mass-produced.
NFTs can only have one owner. It’s straightforward to verify ownership and transfer tokens between owners because NFTs provide unique data. They can also be used by the owner or author to store special information. For example, artists can sign their work by including their signature in the metadata of an NFT.
How to Sell NFTs
Ethereum is a cryptocurrency that is used to buy NFTs to market. NFTs can also be brought as digital paintings, drawings, music, and animated GIFs.
Step One: Navigate to OpenSea.io and click on create
Step Two: Then it will show the connect wallet screen.
Step Three: Navigate to any wallets (MetaMask or Coinbase), register an account.
Step Four: Connect your wallet with the OpenSea.io.
Step Five: Then login account on OpenSea.io and then click on the top profile icon and go to profile.
Step Six: Pick or upload NFT you want to sell from your wallet and select sell.
Step Seven: Choose the price and type of the sale. Either you can select an auction or fixed price for it and then click complete listing.
Step Eight: Your item is posted on the marketplace.
Best Marketplaces to Buy NFTs
1)- Open Sea
2)- Rarible
3)- Larva Labs
4)- Foundation
5)- Mintable
