What is NFT & How NFT works Agubey

Do you have an amazing painting, a rare black and white photo, a funny meme, a viral video that will go down in history… but you can earn crores with them. In the current era of crypto technology there is a possibility of turning such rare artifacts into valuable assets. A fun video like Sukhibhav can cost lakhs of rupees. Blockchain-based Non-Fungible Tokens (NFTs) are currently earning more than monetization platforms like YouTube and Facebook.

Currently NFTTokens are creating a new trend in the crypto world. NFT name is much talked about in the market these days. Big Bollywood celebrities are gearing up to launch various NFTs. Bollywood superstar Amitabh Bachchan’s NFT collection fetched bids of US $ 5.20 lakh (approx Rs 3.8 crore) on the first day of the auction. It is not only a token but also a good option for you to earn and invest. By being a part of this new trend, you too can convert and sell digital art into NFTs. NFTs are manufactured using blockchain technology. With the help of this, the buyer of NFT digital collection can be the owner of those assets forever.

What is NFT & How NFT works Agubey

What is NFT ?

NFT stands for Non-Fungible Token. An NFT is a crypto token just like Bitcoin or other cryptocurrencies. You can protect your art with blockchain-based non-fungible tokens (NFT). It can be monetized by turning it into a digital asset. All things that are recorded in non-fungible tokens can be converted into digital assets. Not only pictures, paintings, arts but also memes, songs, photos, tweets, gif images, music, videos and in-game items of video games can be converted into digital assets. These NFTs are sold through the popular cryptocurrency Ether. These are secured by block chain transaction. How NFT works

NFTs have created new business opportunities in the world of arts and music. So while script writers are creating NFTs for their writings, graphic designers are converting their posters and musicians are converting their tunes into digital assets. Artists or common people who want to sell their original product can share it on platforms like OpenSea, Cent, WazirX, Foundation.

What is NFT & How NFT works Agubey

What can be included in an NFT?

With the help of these, any painting, any poster, audio or video can be bought and sold like normal goods in the digital world. Instead you get digital tokens called NFTs. You can think of an NFT as a new round of auctions. People earn money by doing NFT for any artwork or similar that is not the second copy in the world.

How to create your own NFT

To create your own NFT, first you need to create an online wallet where you can hold NFTs. A wallet where crypto-assets are stored can be accessed with the help of a ‘private key’. This private key acts like a super-secure password, without which the owner of the NFT cannot access the tokens. You need to link this wallet to a service like Metamask.

Build your store here

After linking your wallet to MetaMask, you can create your own NFTs. For more information click on this link nftically.com

Amitabh, NFT collection breaks all records

Amitabh Bachchan , NFT collection auction conducted by NFT exchange platform “Beyondlife.club”. As reported by beyondlife.club, Amitabh, the NFT collection broke all records, becoming the highest bid for any NFT in India so far.

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