NFT marketplaceNon-Fungible Tokens (NFTs) are growing in popularity due to several reasons. They have gained significant traction; proponents of NFTs believe that they will change the face of digital content. The rate of NFT creation, as well as rate of sale, is rising rapidly.What does it mean for something to be non-fungible? Well, an item is fungible when it can easily be replaced. For example, one dollar can be replaced with another dollar or with a hundred cents. Bitcoin is fungible because you can trade one Bitcoin for another. On the other hand, a non-fungible item is unique and cannot be replaced with any other item. Non-Fungible Tokens are unique or rare digital assets.NFTs can be used to represent any type of real or intangible item. They include artwork, music, virtual land (property), video clips of iconic sporting moments, collectables like digital trading cards, virtual items in video games, virtual currency, and tokenized real-world assets. To discover more NFT use cases, refer to our blog here.Creating an NFT does not require significant knowledge or technical background. A creator can produce NFTs like a GIF, image, video clip, or music.Before you create an NFT, you need to decide which blockchain you want to use to issue your NFTs. The majority of the NFT activity currently takes place on the Ethereum blockchain. However, there are many blockchains available to choose from, including:Binance Smart chainFlow by dapper labsTronEOSPolkadotTezosCosmosWAXAll these blockchains have their own NFT token standard, compatible wallet services, and marketplaces. As Ethereum has the largest NFT user base, let\u2019s see what you need to have before creating an NFT on the Ethereum blockchain:You need to have an Ethereum wallet that supports the Ethereum-based NFT token standard, ERC-721. For example, you need to have a wallet like MetaMask, Trust wallet, or Coinbase walletTo\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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