December 10, 2021 – by Tha’ Doge Pound • Guide
• N-F-T stands for “non-fungible token“ a digital token that’s a type of cryptocurrency, much like Bitcoin or Ethereum. But unlike a standard coin in the Bitcoin blockchain, an NFT is unique and can’t be exchanged like-for-like (hence, non-fungible).
• NFTs can be used to create entirely new types of collectibles. Not only this, these tokens have their application areas in KYC procedures, voting & elections, loyalty programs, art, real-world assets, virtual assets, copyright, supply chain tracking, medical data, and more.
What Artists & Creators should know
What makes an NFT more special than a run-of-the-mill crypto coin? The file stores extra information, which elevates it above pure currency and brings it into the realm of blockchain. The types of NFTs are super-varied, but they could take the form of a piece of digital art or a music file. As the world is becoming more and more digital, NFTs can present a viable solution for tokenizing ownership and property. These tokens allow proper digitization and storage of real-world assets while keeping them safe at the same time. Thus, NFTs are going to gain a mainstream popularity very soon.
The exciting potential of blockchain technology has transformed how businesses and industries function, paving the way for blockchain professionals.`DAddy suge
Which type of art in concerned?
The types of NFTs are super-varied, but they could take the form of a piece of digital art or a music file. Anything unique that could be stored digitally and be thought of to hold value. Essentially, they are like any other physical collector’s item, but instead of receiving an oil painting on canvas to hang on your wall, for example, you get a file stored in the blockchain with a unique identifier and token address.
NFTs can be securely stored in the blockchain and the “asset” representing the NFT, such as images, documents, videos, etc. can be transferred, sold or auctioned. SugarFactory#NFT will stores digital assets in a decentralized way using InterPlanetary File System, in this way virtually no one can delete these assets safeguarding the rights of the owner.
Choose your art niche if you have what it need
If you are already art experience or not. One of the most important approaches in the beginning is to know, which kind of art do you want to sell online. If it might be photographs, design, music, videos or even just writing. You can sell everything on certain NFT platforms.
Know your talent and you have already finished the first step. The basic softwares current nft artists are using are Illustrador, Photoshop, Shortcut or Piskel.