@heyOnuoha
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3 years
What are NFTs? Let's find out 🧵 1. Introduction 2. Non-Fungible? 3. What can be an NFT? 4. Minting 5. How to create an NFT 6. How to own an NFT 7. What gives NFTs Value? 8. What is Solidity? 9. NFT Marketplaces 10. How to get started A Thread ↓
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@heyOnuoha
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3 years
1. Introduction NFT stands for "Non Fungible Tokens" An NFT is a digital unique item that cannot be reproduced and can be verified on a blockchain Simply put, when an NFT is created, only one entity of it can exist, and its singular existence is enforced by the blockchain
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@heyOnuoha
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2. Non-Fungible? Any item that is fungible can be exchanged for another fungible item with the same value or in smaller quantities cus fungible items are divisible Non-fungible items are not divisible hence can't be exchanged in smaller quantities Its worth is in its scarcity
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@heyOnuoha
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3 years
3. What can be an NFT? Well... basically anything that can be made digital can be an NFT Artwork can be an NFT Land ownership documents can be an NFT Videos can be NTFs The most popular NFT types out there are actually artwork because it is easier to raise value from them
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@heyOnuoha
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3 years
4. Minting Minting is simply the process of creating an NFT on an NFT marketplace This process involves you linking a crypto wallet to your marketplace account to obtain the NFT after minting The mint can be costly depending on where you mint your NFT
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@heyOnuoha
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3 years
5. How to create an NFT The easiest way to create an NFT is to register on Opeasea ( @opensea ) and follow this tutorial right here
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@heyOnuoha
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6. How to own an NFT You can own an NFT by: - Buying one - Creating one - Being gifted one You will need a wallet from a network that supports NFTs The most popular ones are the Etherium and Solana networks You can't send NFTs over different networks
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@heyOnuoha
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3 years
7. What gives NFTs Value? Usually, an NFT will be tied to a particular community The NFT will act as a Token that can be used to access premium content or VIP tools in whatever community that supports it This lets the creators of the NFT drive demand up and create great value
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@heyOnuoha
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3 years
8. What is Solidity? Solidity is a programming language used for writing smart contracts A smart contract is a mini-application that can be executed on a blockchain Solidity lets you create awesome stuff on a blockchain that is secured and impossible to take down
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@heyOnuoha
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3 years
9. NFT Marketplaces Some of the best Marketplaces for NFTs are: - OpenSea - Decentraland - CryptoKitties - Axie Infinity - Nifty Gateway - Rarible - StackArt
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@heyOnuoha
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3 years
10. How to get started You can get started by learning about: - web3 - blockchains - smart contracts - solidity You can visit crypto blogs like You can follow Web3 personalities like: - @oliverjumpertz - @VittoStack - @sigleapp - @heyOnuoha
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@heyOnuoha
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3 years
End of thread Thanks for reading! If you enjoyed this thread, please: - retweet the first tweet - follow me for more content - turn on notifications
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@heyOnuoha
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@Bryan_Koen
Bryan Koen
3 years
@heyOnuoha Great thread!!! Nice overview of NFTs.
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@heyOnuoha
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3 years
@Bryan_Koen Thanks for reading Bryan, glad you enjoyed it
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@PriYaNshu_11000
PriYAnshuuuuuu!!
3 years
@heyOnuoha Awesome Favor!🔥🔥 Great thread😇
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@heyOnuoha
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3 years
@pRiYaNsHu_11000 Thanks for reading Priyanshu 💛💛
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@akoskm
Akos
3 years
@heyOnuoha Nice thread Favor. My understanding is that you can't own an NFT. You can own the piece of information that points to a place on the internet that might or might not host your NFT ie. and image. Is that true?
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@heyOnuoha
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3 years
@akoskm Yes, but technically, as long as it points to your wallet and it unique on whatever community or network you’re using, it belongs to you
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@dy1an_dev
dylan | dy1an.eth
3 years
@heyOnuoha this is really helpful thanks for the info!
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@heyOnuoha
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3 years
@dylan_d3v You’re welcome Dylan, thanks for reading 💛
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