Learn how to create and sell your own NFTs with this simple process. Free Guide to NFTs Download Here 👉 https://bit.ly/3dNYc9a
Unless you’ve been living under a rock, you’ve likely heard of the term “Non-Fungible Token”, or “NFT” or “Crypto Art”. But you probably still don’t really know what exactly a non-fungible token is… then this video is for you!
⏱ TIMESTAMPS ⏱
0:11 What is a NFT/Crypto Art?
1:52 How to Set Up & Export Your Crypto Art
5:08 How to Create a NFT on Rarible
6:38 How to Create a NFT Collection on OpenSea
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NFT Terminology
NFT
Non-Fungible Token. Also known as a “deed”, it’s a digital
token that can represent ownership of digital or physical
assets – normally in the form of artwork. Each token is unique
and distinct.
Decentralised
In a decentralized market, technology enables investors
to deal directly with each other instead of operating from
within a centralised exchange. Virtual markets that use
decentralised currency, or cryptocurrencies, are examples of
decentralised markets.
DeFi
Decentralized finance.
Blockchain
A blockchain is best described as a public database that is
updated and shared across many computers in a network.
Ethereum
Ethereum is a decentralized, open-source blockchain
featuring smart contract functionality.
Ether
The native cryptocurrency used by the Ethereum ecosystem,
which covers gas costs when executing transactions. Also
written as ETH or its symbol Ξ, the Greek uppercase Xi
character.
ETH
It’s the currency of Ethereum apps. Think of this being used
in place of a $ or £ symbol.
Minting
Minting an NFT is how your digital art becomes a part of the
Ethereum blockchain.
Gas
Real-time price of transactions based on supply and demand,
similar to credit card fees charged to vendors.
Proof of Stake (PoS)
PoS asks users to prove ownership of a certain amount of
cryptocurrency (their “stake” in the network) in order to be
able to participate in the validation of transactions.
Proof of Work (PoW)
A piece of data (the proof) that requires significant
computation to find.
ENS
The ENS (or ETH Name Service) is a single central contract
that provides a mapping from domain names to owners and
resolvers. It also allows you to name your wallet address
something other than a string of numbers and letters.
Wallet
Software that holds public and/or private keys for
cryptocurrency transactions. Despite the name, wallets never
store the actual coins or tokens.
Loot Box
A transaction in which you don’t know what NFT you’ve
purchased until it’s revealed after the sale.
DEXs
DEXs (or Decentralized exchanges) are open marketplaces
for ETH and other tokens. They connect buyers and sellers
directly.
Dapp
A Dapp is a web application that is built on top of open,
decentralized, peer-to-peer infrastructure services.
Breadcrumbs
A digital trail on the blockchain reflecting the history of
transactions.
Free Guide to NFTs Download Here 👉 https://bit.ly/3tze3io
