What is an NFT?

NFT stands for Non-Fungible Token. It is a unique digital identifier that is recorded on a blockchain⁵. Unlike cryptocurrencies such as Bitcoin and Ethereum, which are fungible, meaning they can be replaced or exchanged with another identical one of the same value, NFTs are “one-of-a-kind” assets in the digital world²³. They can be bought and sold like any other piece of property, but they have no tangible form of their own³. NFTs can represent ownership and authenticity of virtual or physical assets³. They are used to certify ownership and cannot be copied, substituted, or subdivided⁵.

Would you like to know more about NFTs? Contact us.

Source: Conversation with Bing, 22/09/2023
(1) Non-fungible token – Wikipedia. https://en.wikipedia.org/wiki/Non-fungible_token.
(2) What is NFT? Non-fungible tokens explained | CNN Business. https://www.cnn.com/2021/03/17/business/what-is-nft-meaning-fe-series/index.html.
(3) What are NFTs and why are some worth millions? – BBC News. https://www.bbc.com/news/technology-56371912.
(4) NFT.com | The Social NFT Marketplace. https://www.nft.com/.
(5) Mengenal Apa Itu NFT Lengkap Dengan Cara Membuat & Menjualnya. https://www.cnbcindonesia.com/tech/20220104135501-37-304468/mengenal-apa-itu-nft-lengkap-dengan-cara-membuat-menjualnya.

How to record your NFT to the blockchain?

To record your NFT to the blockchain, you would typically need to follow these steps:

1. Create a digital item: Decide on a digital item that you want to make an NFT, such as a profile picture or an MP3 file¹.
2. Write a smart contract: A smart contract is an immutable, self-executing chunk of code that lives on the blockchain. It handles the creation of an NFT collection as a whole and determines all of the attributes and functions that an NFT will have¹.
3. Choose a blockchain: Different blockchains have different programming languages and token standards for creating NFTs. For example, Ethereum uses Solidity for smart contracts and ERC-721 or ERC-1155 for NFTs¹.
4. Code the smart contract: Code the smart contract according to the blockchain’s standards and methods for implementing an NFT¹.
5. Deploy the smart contract: Deploy the smart contract to the chosen blockchain network¹.
6. Mint the NFT: Minting an NFT means publishing a unique token on the blockchain. Each token has a unique tokenURI that contains metadata about your NFT, such as name, image, description, and other attributes⁴.
7. Store the NFT on-chain: The NFT and its metadata are stored in a single hash on-chain².
8. Verify ownership: The smart contract records ownership of the NFT on the blockchain³.

Please note that this is a high-level overview of the process, and each step may involve more technical details depending on the blockchain you choose and your specific requirements.

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Source: Conversation with Bing, 22/09/2023
(1) What Is An NFT & How Do They Work On Blockchain? – Codecademy. https://www.codecademy.com/resources/blog/how-to-code-nft-smart-contract-on-blockchain/.
(2) How to Make an NFT in 14 Lines of Code – freeCodeCamp.org. https://www.freecodecamp.org/news/how-to-make-an-nft/.
(3) How Are NFTs Stored? On-Chain, Off-Chain and Decentralized Storage. https://decrypt.co/resources/how-are-nfts-stored-on-chain-off-chain-and-decentralized-storage.
(4) Non-fungible tokens (NFT) | ethereum.org. https://ethereum.org/en/nft/.

How to make your own NFT?

How to make your own art NFT?

To create your own art NFT, you would typically need to follow these steps:

1. Create your digital artwork: Decide on a digital artwork that you want to make an NFT, such as a painting, photograph, or video¹.
2. Choose a blockchain: Different blockchains have different programming languages and token standards for creating NFTs. For example, Ethereum uses Solidity for smart contracts and ERC-721 or ERC-1155 for NFTs¹.
3. Write a smart contract: A smart contract is an immutable, self-executing chunk of code that lives on the blockchain. It handles the creation of an NFT collection as a whole and determines all of the attributes and functions that an NFT will have¹.
4. Code the smart contract: Code the smart contract according to the blockchain’s standards and methods for implementing an NFT¹.
5. Deploy the smart contract: Deploy the smart contract to the chosen blockchain network¹.
6. Mint the NFT: Minting an NFT means publishing a unique token on the blockchain. Each token has a unique token URI that contains metadata about your NFT, such as name, image, description, and other attributes⁴.
7. Store the NFT on-chain: The NFT and its metadata are stored in a single hash on-chain².
8. Verify ownership: The smart contract records ownership of the NFT on the blockchain³.

Here are some resources that can help you create your own art NFT:

– [How to Create and Sell NFT Art (super simple!)](1): A YouTube video tutorial that shows you how to create and sell your own NFT art.
– [A Master Guide on How to create NFT Artwork Easily (2023)](4): A comprehensive guide that explains how to create NFT artwork without any coding or programming knowledge.
– [How to Make Your Art Into An NFT | 2023](3): A YouTube video tutorial that shows you how to make your art into an NFT.

Please note that this is a high-level overview of the process, and each step may involve more technical details depending on the blockchain you choose and your specific requirements.

Source: Conversation with Bing, 22/09/2023
(1) How to Create and Sell NFT Art (super simple!). https://www.youtube.com/watch?v=qIJsvKIuzIc.
(2) A Master Guide on How to create NFT Artwork Easily (2023) – BitDegree.org. https://www.bitdegree.org/crypto/tutorials/how-to-create-nft-art.
(3) How to Make and Sell an NFT (Crypto Art Tutorial). https://www.youtube.com/watch?v=Gjo1hlIey9g.
(4) How To Make Your Art Into An NFT | 2023. https://www.youtube.com/watch?v=RAn-sl_kuI0.
(5) How to Create and Sell NFT Art (super simple!). https://www.youtube.com/watch?v=qIJsvKIuzIc.
(6) A Master Guide on How to create NFT Artwork Easily (2023) – BitDegree.org. https://www.bitdegree.org/crypto/tutorials/how-to-create-nft-art.
(7) How To Make Your Art Into An NFT | 2023. https://www.youtube.com/watch?v=RAn-sl_kuI0.
(8) NFT Creator: Turn Your Digital Art into NFT Artwork with AI Effects | Fotor. https://www.fotor.com/nft-creator/.
(9) How to Make NFT Art: A Guide to Creating NFTs | Built In. https://builtin.com/blockchain/how-to-create-nft.
(10) How to Make and Sell NFT Art – A Complete Beginners’ Guide. https://looka.com/blog/how-to-make-and-sell-nft-art/.
(11) undefined. https://www.codewithania.com.
(12) undefined. https://www.kapwing.com/resources/how-to-create-and-sell-nft-crypto-art/.

Let me know if you need more information! 😊