A Step-by-Step Guide on How to Create and Sell NFTs
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Just last month, non-fungible tokens (NFTs) catapulted to fame with record-high sales of Beeple and Nyan Cat at $69 million and $590,000 respectively. Who would have thought that a collage and a low-resolution meme of flying kitten pooping rainbows would open up the gateway to an all-new crypto art economy?
The phenomenon has left many investors scratching their heads, but NFTs are not an entirely new trend or technology. NFT is a token built on ERC-721 to identify unique artwork or intellectual property.
In this guide, we will demystify the complexity of NFTs, crypto art and provide valuable insights for you to make money as a creator or inventor.
What Is a Non-Fungible Token?
A non-fungible token is a cryptographic token enabled by ERC-721, an Ethereum-based smart contract that is indivisible – making it unique for individual intellectual property tracing!