What is NFT? What are the basics of NFT and how to earn thousands of dollars?
NFT is an acronym for Non-Fungible Token or Irreplaceable Token that encrypts the image, and this meaning means that the image used in NFT is protected from all sides, is irreplaceable and unique.
This paid digital photo from NFT includes not only photos, but videos, music, short films, GIFs, etc.
NFT is a unique digital certificate that is stored on the blockchain, and who does not know the blockchain is a platform that allows people to pass assets of value to other people securely and without the intervention of any intermediary, as it is a set of records or fixed blocks of data, managed by computers It is decentralized and not owned by any entity.
This currency has been called non-fungible tokens because it is one of the most powerful tool in proving property rights in the digital assets arena, and it is actually difficult to show these rights unlike replaceable assets such as: Bitcoin, the dollar and other exchangeable currencies at any time.
So what we conclude is that we can buy prints of these pictures and art from NFT, but only one person can own the original. So we must know that these tokens are real digital assets and not currencies like Bitcoin or the dollar, and therefore they are not replaceable and tradeable.
Why should a blockchain portfolio be created? Because when a person buys an electronic currency, he must have a digital wallet to receive, access and transfer the electronic currency.
You can buy and sell NFTs just like any other piece of property. Purchases and sales are done by transferring NFT through blockchain transaction from seller to buyer and it has all the protection.
What are the benefits of NFT?
There are many rare features that NFT possesses, which are as follows:
One of the advantages of NFT is that it is currently not replaceable, and we are in the year 2022.
Possibility to keep the NFT coin in the blockchain wallet.
Possibility to obtain a contract to create a specified number of NFTs for the same work.
NFT buyers can see how many NFTs can be created as part of a particular issue.
Your metadata and all your basic information such as ownership, TokenID, and blockchain address cannot be accessed by anyone, because you put the NFT on the blockchain.
Be careful not to change or erase the date at the time of purchase and transfer the NFT on the blockchain.
One of its advantages is that it is decentralized, which means that it cannot be manipulated by central entities such as banks and governments.
Anyone in the world can trade in it with anyone else, meaning it is available to everyone.
Other than paper money, paper money cannot be counterfeited or copied.
Intellectual property protection.
History of NFT Technology
Early forms of NFTs were said to exist since 2010, but the NFT project was launched in 2015 on the Ethereum blockchain, and interest has increased as interest in cryptocurrencies has increased.
But it wasn't until late 2017 when a digital cat trading game called CryptoKitties spread that NFTs gained huge popularity, and in 2021 the total cash value of NFTs woke up significantly, with sales of NFTs exceeding $2 billion during the first quarter of the year (more than 20 times the previous quarter's sales).
What is a blockchain?
Many ask about the blockchain portfolio and what is its role in the virtual world, so we will provide you with a brief and understandable definition without introducing you to the complex phrases that are used to define the blockchain portfolio.
As for the technology of digital transactions, the blockchain deals with companies, people and institutions in order to store digital currencies with the possibility of transferring valuable assets to another person safely and without the intervention of any intermediary.
A blockchain is simply a series of records, or immutable blocks of data, that are managed by a group of computers that are not owned by any single entity. Data blocks are secure and linked together using cryptographic principles.
An independent blockchain network that is not subject to any central authority. Because it is essentially a shared and immutable record, the information it contains is open and accessible to all. Thus, everything built on the blockchain is transparent in nature. In addition, transactions on the blockchain are free and have no direct cost.
As for the blockchain bag, in which you can store many digital currencies and has nothing to do with the blockchain technology of digital transactions.
Information about the size of the NFT coin market
At the beginning of the year 2021 on the non-fungible tokens market, transactions became very high and with a huge growth of 2100%, and it was said that in the non-fungible tokens market more than $2 billion.
The NFT market had a great advantage in the non-fungible tokens market, because between October and December 2019 it sold more than $39 million from NFT.
Also, there has been increased spending on the NFT market after new investors entered As reported by NonFungible.com which follows NFT news and news, there were said to be 73,000 NFT buyers and 33,000 NFT sellers in the first quarter.
It was mentioned in the same source because the entry of new investors helped it to raise prices, and even the case that many of those looking for profit from the Internet became more interested in it.
There is some information that is not mentioned in the NonFungible website such as:
- The digital artist Beeple has spent on the NFT market an amount of 69.3 million US dollars, which is a really record number.
Also reported from one site (Sales of less than $2 billion were controversial at the start of the year, considering revenue from the NBA Top Shot, the most notable basketball event turned NFT, and not included in NonFungible.com estimate) .
On March 11, 2021, Christie's sold the first NFT based on digital artwork offered by a major auction house for $69,346,250.
The reason is because she was watching the NFT market in 2020 and noticed a huge rise in this market for selling artwork, so they said: (We felt that this was the right time to announce our entry into this market).
NFT is an acronym for Non-Fungible Token or Irreplaceable Token that encrypts the image, and this meaning means that the image used in NFT is protected from all sides, is irreplaceable and unique.
This paid digital photo from NFT includes not only photos, but videos, music, short films, GIFs, etc.
NFT is a unique digital certificate that is stored on the blockchain, and who does not know the blockchain is a platform that allows people to pass assets of value to other people securely and without the intervention of any intermediary, as it is a set of records or fixed blocks of data, managed by computers It is decentralized and not owned by any entity.
This currency has been called non-fungible tokens because it is one of the most powerful tool in proving property rights in the digital assets arena, and it is actually difficult to show these rights unlike replaceable assets such as: Bitcoin, the dollar and other exchangeable currencies at any time.
So what we conclude is that we can buy prints of these pictures and art from NFT, but only one person can own the original. So we must know that these tokens are real digital assets and not currencies like Bitcoin or the dollar, and therefore they are not replaceable and tradeable.
Why should a blockchain portfolio be created? Because when a person buys an electronic currency, he must have a digital wallet to receive, access and transfer the electronic currency.
You can buy and sell NFTs just like any other piece of property. Purchases and sales are done by transferring NFT through blockchain transaction from seller to buyer and it has all the protection.
What are the benefits of NFT?
There are many rare features that NFT possesses, which are as follows:
One of the advantages of NFT is that it is currently not replaceable, and we are in the year 2022.
Possibility to keep the NFT coin in the blockchain wallet.
Possibility to obtain a contract to create a specified number of NFTs for the same work.
NFT buyers can see how many NFTs can be created as part of a particular issue.
Your metadata and all your basic information such as ownership, TokenID, and blockchain address cannot be accessed by anyone, because you put the NFT on the blockchain.
Be careful not to change or erase the date at the time of purchase and transfer the NFT on the blockchain.
One of its advantages is that it is decentralized, which means that it cannot be manipulated by central entities such as banks and governments.
Anyone in the world can trade in it with anyone else, meaning it is available to everyone.
Other than paper money, paper money cannot be counterfeited or copied.
Intellectual property protection.
History of NFT Technology
Early forms of NFTs were said to exist since 2010, but the NFT project was launched in 2015 on the Ethereum blockchain, and interest has increased as interest in cryptocurrencies has increased.
But it wasn until late 2017 when a digital cat trading game called CryptoKitties spread that NFTs gained huge popularity, and in 2021 the total cash value of NFTs woke up significantly, with sales of NFTs exceeding $2 billion during the first quarter of the year (more than 20 times the previous quarter's sales).
What is a blockchain?
Many ask about the blockchain portfolio and what is its role in the virtual world, so we will provide you with a brief and understandable definition without introducing you to the complex phrases that are used to define the blockchain portfolio.
As for the technology of digital transactions, the blockchain deals with companies, people and institutions in order to store digital currencies with the possibility of transferring valuable assets to another person safely and without the intervention of any intermediary.
A blockchain is simply a series of records, or immutable blocks of data, that are managed by a group of computers that are not owned by any single entity. Data blocks are secure and linked together using cryptographic principles.
An independent blockchain network that is not subject to any central authority. Because it is essentially a shared and immutable record, the information it contains is open and accessible to all. Thus, everything built on the blockchain is transparent in nature. In addition, transactions on the blockchain are free and have no direct cost.
As for the blockchain bag, in which you can store many digital currencies and has nothing to do with the blockchain technology of digital transactions.
Information about the size of the NFT coin market
At the beginning of the year 2021 on the non-fungible tokens market, transactions became very high and with a huge growth of 2100%, and it was said that in the non-fungible tokens market more than $2 billion.
The NFT market had a great advantage in the non-fungible tokens market, because between October and December 2019 it sold more than $39 million from NFT.
Also, there has been increased spending on the NFT market after new investors entered As reported by NonFungible.com which follows NFT news and news, there were said to be 73,000 NFT buyers and 33,000 NFT sellers in the first quarter.
It was mentioned in the same source because the entry of new investors helped it to raise prices, and even the case that many of those looking for profit from the Internet became more interested in it.
There is some information that is not mentioned in the NonFungible website such as:
- The digital artist Beeple has spent on the NFT market an amount of 69.3 million US dollars, which is a really record number.
Also reported from one site (Sales of less than $2 billion were controversial at the start of the year, considering revenue from the NBA Top Shot, the most notable basketball event turned NFT, and not included in NonFungible.com's estimate) .
On March 11, 2021, Christie's sold the first NFT based on digital artwork offered by a major auction house for $69,346,250.
The reason is because it was watching the NFT market in 2020 and noticed a huge rise in this market for selling artwork, so they said: (We felt that this was the right time to announce our entry into this market).
The future of NFT in the gaming world
After the emergence of profit from the Internet through games, I think that playing will be more entertaining in the future, especially with NFT coins.
We all know that in the year 2022 people are looking for games of great quality that make you live in another world, but games that use non-replaceable codes so far have not gained widespread popularity, but I think that in the future the possibility of adopting this technology will be enormous.
We all know that there are many young people who spend a lot of money in games, and these games like PUBG Mobile, Free Fire and Call of Duty, and all of these markets are worth billions already.
If any of these gaming companies consider and decide to sell in-game items such as NFT coin, the impact of this decision on both gaming ecosystems and blockchain will be enormous, and game development experts say there is potential for these companies to increase their Revenue significantly depending on it.
NFT platform names
There are many online platforms in order to buy and sell non-fungible tokens, and all of us need you to deal with the Ethereum currency, and the reason is because it is the second largest digital currency in the world, and you should know that its Blockchain network is which are mainly used in this field.
This indicates one thing, which is that you own an Ethereum wallet in order to receive payments for the buying and selling process.
There are the 5 best known and most widely used NFT platforms, which we will mention to you in order:
OpenSea site
OpenSea is among the largest online platforms for selling NFTs, and this site saw a very strong boost in digital asset sales in 2021, with the value of trading on the platform reaching $10 billion.
It was also said that the OpenSea site in the month of eight of the year 2021 reached a peak of 3.4 billion US dollars, of course these reports are data from Dune Analytics.
Also, this giant platform supports many diverse digital assets with the possibility of buying and selling them.
Axie Infinity website
Axie Infinity is also among the best NFT platforms, and the beauty of it is that it offers digital assets related to video games.
Thanks to this feature of displaying digital assets related to video games, it has become billions of dollars, which you should know that its platform has more than 270 million tokens or digital assets inspired by video games.
And for the record, as it was said, the GameStop platform wants to compete with the Axie Infinity platform and wants to design a platform similar to it.
For those unfamiliar with GameStop, it is a US-based consumer electronic games and video store, and game retailer. The company is headquartered in Grapevine, Texas, USA, a suburb of Dallas, and as of February 1, 2020, operates 5,509 retail stores throughout the United States, Canada, Australia and New Zealand.
Raible site
Rarible is one of the oldest NFT platforms, and is ranked second among the options available to those interested, in which digital assets such as graphics, games, photos, entertainment, music and more are sold.
This platform allows artists, creators, and owners of premium digital content to buy and sell their digital assets efficiently using blockchain platforms to execute deals between seller and buyer.
Other platforms we suggest you visit are SuperRare, Foundation, AtomicMarket, Myth Market, BakerySwap, KnownOrigin and Enjin Marketplace.
How to earn from NFT and digital business
Profit from NFT does not stop on one service, and we do not know yet what it will offer us in the future from profitable methods, but what we must know for sure is that NFTs will have a great impact on the world.
There are many ways to profit from NFT, and they are as follows:
- Profit from investment and hope to increase its value over time.
- Possibility to create your own tokens and sell them to others.
- The third way is to buy and sell it in secondary markets such as OpenSea and Rarible.
- Create your own game.
Profit from NFT Games
The idea of profit from games is a very wonderful idea, which responds to a large number of young people who are coming to earn money, especially in our time, and that is why most young people today, when they hear the word NFT directly, their mind goes to playing and the image of a monkey.
Axie Infinity is one of the early adopters of gaming in the market.
The way to profit from games is not different from competition and adventure games, you win by winning battles or raising and selling axes, and I mentioned to you in one of the topics some of the games that you win from, but I do not know whether you enter the NFT or not.
One of the company’s laws in the game and profit is to build a team consisting of three axes to fight against robot monsters or against players such as PUBG and others. It is also possible to profit by completing daily tasks in order to double the profits.
There is also a game of investing in plots of land on the Axie Infinity metaverse, if you improve the work in the game and work with a system, then you will profit and there will be fruits as a result of your system, and if you really want to invest with real money, you should start a journey in the world of Axie.
Among the games for making money:
1. CrazyMiner
2. League of Kingdoms
3. Gods Unchained
4. BombCrypto
5. Galaxy Fight Club
6. Crazy Defense Heroes
What you should know is that there's a guy who spent $450,000 on a virtual plot of land in Decentraland, next to rapper Snoop Dogg. Whatever shape the future of NFTs takes, the opportunities to make money evolve and expand.