How to CREATE and SELL your own Crypto NFT and Make Money
8How to CREATE and SELL your own Crypto NFT
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A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a digital ledger (blockchain).[1] NFTs can be used to represent easily-reproducible items such as photos, videos, audio, and other types of digital files as unique items (analogous to a certificate of authenticity), and use blockchain technology to establish a verified and public proof of ownership. Copies of the original file are not restricted to the owner of the NFT, and can be copied and shared like any file. The lack of interchangeability (fungibility) distinguishes NFTs from blockchain cryptocurrencies, such as Bitcoin.
The first NFT project was launched in 2015 on the Ethereum blockchain, and interest grew with the rise of interest in crypto currencies. Interest and the total monetary value of NFTs grew significantly in 2021, with sales of NFTs exceeding $2 billion during the first quarter of the year–more than 20 times that of the previous quarter.[2] NFTs have drawn criticism with respect to the energy cost and carbon footprint associated with validating blockchain transactions.
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Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities or digital assets.
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