How NFTs are created?

The process of creating a nonfungible token is called minting. The term refers to the process of turning a digital item into an asset on the blockchain. Similar to how metal coins are created and added into circulation, NFTs are minted once they are created .

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What are the letters NFT?

The letters NFT stand for Non-Fungible Token . A Non-Fungible Token is a piece of code on a computer that exists in a fashion similar to that of cryptocurrency like Bitcoin. Like any object, physical or digital, an NFT is only worth what someone will pay to own it.

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Is NFT good for artists?

The NFT isn’t necessarily the artwork itself, but it can function as a digital certificate of authenticity for the work . The NFT allows a creator to name a rightful owner of a file, giving them the rights to present, access or resell it. In the Digital Art space, this is beneficial technology.

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Can NFT be sold?

Just transfer the NFT to the marketplace where you want to sell it (if it currently isn’t already there, or if you are storing your NFTs only in your personal crypto wallet and don’t have them available to be viewed on a marketplace). Then click on the “Sell” button from within the page of the NFT you want to sell.

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