Rather, a link to the file is stored, along with the token that acts as proof of ownership over whatever that link points to. In almost every case, the files aren’t actually stored on the blockchain itself. NFT ARTWORK IS ALMOST NEVER ACTUALLY STORED ON THE BLOCKCHAIN Unlike cryptocurrencies, where each coin is the same (there’s no reason to prefer one particular Bitcoin over another), each NFT is unique and can be sold as a way to prove ownership over some sort of digital file. NFTs, or non-fungible tokens, are digital tokens stored on the blockchain. You don’t have to study every word in them, but the rest of this guide will make references to things like Ethereum, proof of work, and other similar concepts that you’ll get a better understanding of by reading our explainers. We have an entire explainer going into NFTs and the culture around them, as well as an explainer on the blockchain technology that NFTs use. Maybe a friend said, “Hey, you should sell that picture of your cat as an NFT.” But before you go through the process of creating and selling one, it’s probably best to have some idea about what you’re doing. Listen, there’s no judgment if you’ve arrived here without much understanding of what NFTs are. More than a dozen NFTs have fetched over $1m and several dozen more have hundreds of thousands (find more examples in our selection of the best NFT artwork). His hybrid evolving digital/physical kinetic video Human One (pictured above) sold for $29 million in November. Beeple’s Everydays – The First 5000 Days still holds the record for now, after fetching $69 million at Christie’s in March 2021 and Beeple’s work continues to sell for incredible prices. Yes, some NFT art has sold for prices that might seem like sheer lunacy. This article will walk you through the process from making an NFT of your original artwork to selling an NFT through an online auction.įirst up, we should take a little reality check, though. If that’s the case, you’re in the right place. Opinion is divided on whether cryto-art is a passing fad or a tendency that’s here to stay, but you might well be asking whether it’s time to take notice and explore how to make an NFT, and how to sell an NFT, of your own work. Non-fungible tokens are the latest trend to hit the art market, and they’ve hit it big, with even Christie’s holding NFT art auctions involving astronomical sums of money. How to make and sell an NFT is something many artists and designers are wondering right now due to the incredible prices that some pieces of NFT art have fetched at auction.
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