Denomination NFT

In recent years, the number of users on NFT marketplaces has grown exponentially!
NFT is a Non-Fungible Token (NFT) is a “cryptographically unique, indivisible, irreplaceable, and verifiable token that represents a specific object, whether digital or physical, in a blockchain. While NFTs use the same technology with the blockchain as cryptocurrencies, unlike them they are unique and non-divisible (non-fungible, dts.: “non-exchangeable”). An NFT can only be purchased as a whole and exists only once.
An NFT can be basically anything, because an NFT is a digital version of a real, tangible item or just a digital asset stored on the blockchain. The most common types of NFTs on the market are:
  • Digital art and images
  • Music
  • Videos
  • Game items
  • Collectibles and trading Cards
  • Moments from the world of sports
  • Domain names
  • Memes
  • Virtual fashion items
With the growing popularity of NFTs, more and more artists are asking themselves how they can create their own NFTs. The popular NFT marketplaces make creating crypto art easy, you don’t need much technical know-how. The NFT ecosystem is ideally suited to protect scarcity and secure ownership of digital and physical assets. This technology provides digital creators with solid options for monetizing their work, as well as flexibility that is often lacking in traditional creative industry models. It is safe and easy to sell digital content online by attaching it to the blockchain as a non-fungible token (NFT). Artists can create NFTs and receive unlimited support from a global network of collectors.
According to “Statista”, over $10 billion worth of NFT sales were made on the most popular NFT marketplaces! At the beginning of 2018, CryptoKitties was one of the first NFT projects to really attract a lot of attention. In particular, the sale of a CryptoKitty NFT for the hefty price of $172,000 shows the high level of interest in the division. Since then, the universe of non-fungible tokens (NFTs) has expanded unimaginably. Creating an NFT is not necessarily complicated, expensive, or technically complex. Anyone can learn how to create an NFT and create a digital version of their art, becoming an NFT creator. If you are an artist and interested in this topic, please contact us, we will be happy to educate you.