What is NFT and How is NFT Made?
NFT, which is one of the new terms introduced to the crypto money world, has started to become more and more popular, and it has started to be kept in a shower of questions, led by what is NFT and how to make NFT. We will try to convey all the details about NFT from A to Z with this content, where we answer all the other curious questions about NFT and those who are wondering what NFT means.
What is NFT?
NFT is an unchangeable and unique token. The word NFT is an abbreviation of the English Non-Fungible Token words.
While the term NFT can represent an asset such as a product, painting, work of art, it is a crypto asset that can also represent a message, tweet, photo, gif, game character, football player card. Since this asset cannot have a peer or similar, it exists only in the person who owns it, and NFTs cannot be exchanged or exchanged like other cryptocurrencies.
NFT is a kind of technology that prevents counterfeiting and imitation in digital products. An NFT purchased with this technology; It has all information such as previous owner, production date, manufacturer information and cannot be imitated, imitated or copied in any way.
NFTs, like other Tokens, are produced using a blockchain technology. NFTs are largely produced on the Ethereum blockchain, but are traded in ERC 721 and ERC 1155 standards, not ERC 20, Ethereum’s known blockchain standard.
NFTs provide a serious advantage especially to artists and manufacturers producing unique products. In the meeting of an artist or producer and a buyer with NFT, intermediary institutions were out of order. Another advantage of NFT is copyright protection. If an NFT purchased from the producer is sold to another buyer, the producer can get a share from this sale.
Other features of NFTs are that they are specific, cannot be used elsewhere, cannot be duplicated, cannot be lost, and cannot be deleted or modified in any way. The NFT system perfectly protects both the product it represents and the buyers and sellers. NFTs created through smart contracts cannot be deleted, lost or changed.
How is NFT Made?
One of the most asked questions when it comes to NFT is how to do NFT. In addition, since this process is also called NFT production and NFT printing, the questions of how to produce NFT and how to print NFT are also asked quite often.
All you need to do NFT is a MetaMask wallet, a small amount of Ethereum (ETH) and an NFT market or NFT market connected to the MetaMask digital wallet. The most preferred NFT markets, or NFT markets, are:
After connecting to one of these markets with MetaMask, you will see a button like Create or Create. When you click this button, you will be asked for the NFT information you want to create. NFT creation fee will be requested after you enter all information such as image, link, price, copyright rate, total production number of the NFT Token you want to create. Typically, NFT creation fees are between $10-15. The NFT will be created shortly after the fee is paid and the exhibition required for the NFT sale will be made.
What Can Be Sell With NFT?
With NFT, you can create and sell anything you want as NFT. This is exactly why the idea of making money with NFT has become very popular. NFT can open a new door for making money, since products can be sold for very serious sums, as well as a plain color or a very amateur graphic work.
If you have a digital asset that you believe will sell, all you have to do is follow the steps under the How is NFT Made heading above and open the sales doors.
How to Sell NFT Tweets?
Did you know that it is possible to sell your tweets on Twitter with NFT? The first tweet of Twitter’s founding partner Jack Dorsey on Twitter was created as NFT and sold for $2.5 million. As this sale revealed the idea of selling NFT tweets, it also brought questions like how to sell NFT tweets.
Follow these steps to sell NFT tweets:
- To sell NFT tweets, first create your MetaMask wallet. Do not forget to save the mixed word list given to you when creating your wallet.
- Then enter the Valuables site via MetaMask Browser.
- After entering the site, click the icon in the upper right and then the Setup link. You will see two options as “Login with Twitter” and “Setup Your Wallet”.
- First of all, click on the Login with Twitter link and log in to your Twitter account on the page that opens.
- After providing the Twitter link, this time link to your MetaMask wallet from the Setup Your Wallet section.
Congratulations! After this stage, all your tweets are available for sale. Even if you do not want to sell, offers will come to your remarkable tweets or you can put a price on your tweets.
Payments for sold tweets will be transferred to your MetaMask wallet, or you can withdraw payments to a crypto exchange and then to your bank account.
Frequently Asked Questions About NFT
In this section, we tried to answer the most frequently asked questions about NFT. These questions will be updated regularly in line with the requests and questions.
What is NFT Coin?
NFT Coin and NFT are different terms. NFT is a Token that represents a product sold, while NFT Coin means a crypto money or Token created or to be created for the NFT system.
What Are NFT Coins?
For NFT Coins, you can go to the CoinMarketCap site and type NFT in the search section. All cryptocurrencies and Tokens created specifically for NFT systems will be listed.
What is NFT System?
NFT System, short for Non-Fungible Token, is a system for creating and trading NFT Tokens.
Is NFT Difficult to Do?
Basic computer knowledge and a basic command of cryptocurrency wallets are sufficient to perform NFT.
Can NFT be Sold on Binance Exchange?
There is currently no NFT buying and selling system on the Binance Exchange, but in June Binance announced that it will also create an NFT system.
What is NFT Art?
There are two meanings for NFT Art. The first is NFTs representing works of art, and the other is the Token called NFT Art Finance. For artwork NFTs, you can visit NFT markets or read our article on NFT Art Finance.
Is It Possible to Create NFTs on Twitter?
Twitter does not have an NFT generation feature because all your tweets can already be considered NFTs. If you want to sell tweets, you will need to go to the Valuables site and link your Twitter account from there.
With this article, we tried to explain the NFT system to you. With your comments, you can also share your thoughts about NFT with us or ask your questions.