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Just as the Topic says, I'm here to teach you all you need to know about NFT

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INTRODUCTION

Non-fungible tokens (NFTs), which are unique collectible crypto assets, have been around as early as 2012 when the concept of Bitcoin Colored Coins first emerged. These coins were simply satoshis – small fractions of a bitcoin – marked, or “colored in” with distinct information that could link the coins to real-world assets, such as “this satoshi represents $500 of John Doe’s New York office building.” For the most part, however, Colored Coins were used to create and trade artwork like “Rare Pepe” digital cards on Counterparty, a peer-to-peer trading platform built on top of Bitcoin’s blockchain.

These cartoon frog images adapted from a viral internet meme were some of the earliest examples of unique digital artwork tied to crypto tokens. This paved the way for the ideation and creation of new non-fungible token standards – a set of blockchain building blocks that allow developers to create their own NFTs.

Are art NFT's different from normal NFT's?

grandstar:
Are art NFT's different from normal NFT's?

Hello boss...thanks for your Question.

The generalized name is NFT
It is grouped into various categories
1.Art NFT
2.Utility NFT (Digital tickets for whatsoever purpose)
3. Collectibles (mostly used in the Metaverse : usually about Metaverse assest as it's flipped.
3.Digital avatar NFT


And many more...

So back to your question... Art NFT is a kind of NFT

Continuation

NFTs can be used to represent virtually any type of real or intangible item, including:

Artwork
Virtual items within video games such as skins, virtual currency, weapons and avatars
Music
Collectibles (e.g. digital trading cards)
Tokenized real-world assets, from real estate and cars to racehorses and designer sneakers
Virtual land
Video footage of iconic sporting moments

Here is an example of an NFT(collectible) that was created and developed by myself.... It's worth 0.04eth and runs on the Opensea.io NFT platform

I can only continue...if you guys shows interest or ask questions

Lists of popular NFT token(minted and listed art) are as follows

IMPORTANCE of NFT in terms of sustainable Economy



NFTs are uniquely identifiable digital works of art; anything digitally created can potentially be sold as an NFT (including a Tweet). They are frequently associated with cryptocurrency because they must be created and maintained through blockchain database systems. Much like the cryptocurrencies Bitcoin and Litecoin support their eponymous currencies, Ethereum supports Ether. Ethereum supports most NFTs which, like cryptocurrency, have long chains of code that uniquely identify and tether them to a single point of origin. A difference between an NFT and a cryptocurrency is that a non-fungible token cannot be substituted by another—it is truly unique, like a social security number or the original Mona Lisa. On the other hand, one Bitcoin can be traded for another—they are interchangeable. Hence the term “non-fungible” token.

Financial experts around the world are constantly adapting to the changing landscape of cryptocurrency. Expert or not, the question is, “Will cryptocurrency be economically sustainable?” The question that needs to follow this and, quite frankly, any innovation subsequently must be, “is it environmentally sustainable?”

One calculation suggests that the average NFT has a carbon footprint equal to more than a month’s electricity usage for a person living in the EU. The technology behind cryptocurrencies and thus, NFTs is hugely power hungry. Most cryptocurrencies are based on a system called “proof of work” (PoW). This PoW system requires that a certain amount of time and effort be exerted before being able to add another block to the chain. The reason this energy intensive system is required is because most cryptocurrencies are decentralized. There’s no server farm to manage the data; information is saved on a global network of individual computers, called “nodes,” and each node needs to undergo processes to be in compliance with the PoW system.

Mounting pressure from digital artists has led some crypto art platforms to drop plans to sell NFTs, while other platforms, like Pixeos, commit to using sustainable technologies to sell their art. Ethereum has been working on a system, Eth2, set to launch sometime this year that would make its technology more energy efficient by several orders of magnitude.

This brings us to the Gasless Minting process (To be continued)

CREATION AND DEVELOPMENT OF NFT

Below are snapshots of my most recent Minted NFT

Below is a snapshot of my NFT project in it's Developmental stage

starrboyniels:
CREATION AND DEVELOPMENT OF NFT

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Hello... Greetings.... My thread has been transferred to investment section


https://www.nairaland.com/6930316/metaverse-nfts-investors-hangout

However, Do you need a new skill?3d modeling, Rendering,rigging, NFTs, virtual properties Development?

Goldenswap Virtual Academy Enrollment is open for the month of March

The program is divided into three sections

A. *The beginners guide* : Here you learn about the Units of the metaverse, the roles they play and the importance of personal projects

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To gain access to the Webinar *Venue* (the training class)...

✅.Goto your WhatsApp Settings.

✅.Click on the *Scan icon* (green rectangular shaped Boxes in front of your DP/ name).

✅.Click Scan Code.

✅.Use the gallery icon below to import this flier.

✅Then, join the Class and patiently wait... Repost and invite your loved ones because this is the only time you will get such value for free... It's worth $5000

*Please links, spamming is not allowed*. If you are a creator and you have (Collections) Nfts to sell, use the website at the footer of this flier to register and follow the procedures at our market place www.9jametashop.simdif.com