How to create and sell nft from phone – Although bitcoin and other digital currencies have risen and fallen sharply, and have become a resident hot topic in the financial circle, the real out of the currency circle does not really depend on bitcoin. A pair of socks on Uniswap sold for $160,000, Twitter founder five words sold for $2.5 million, and crypto artist Beeple’s NFT auction work at Christie’s received a bid of $9.75 million. In India’s Youtube, a few days ago how to create and sell nft in india was trending.
Relying on NFT, the blockchain, which is relatively unfamiliar to the general public, has successfully emerged from the circle.
Table of Contents
What is NFT? How NFT is related to Blockchain and Bitcoin?
What is NFT?
The full form of NFT is a Non-Fungible Token, which is indivisible, irreplaceable, and unique. On the blockchain, digital cryptocurrencies are divided into two categories: native coins and tokens. The former, such as the familiar Bitcoin, Ethereum, etc., has its own main chain and uses the transactions on the chain to maintain the ledger data, the token is attached to the existing blockchain and uses smart contracts to record the ledger. Such as a token issued by being attached to Ethereum. Tokens can be divided into two types: homogenization and non-homogenization.
Homogeneous tokens, namely FT (Fungible Token), are mutually replaceable tokens that can be nearly infinitely split. For example, there is essentially no difference between a bitcoin in your hand and a bitcoin in my hand. This is homogenization, which is a homogenized currency.
Non-homogeneous tokens, namely NFTs, are unique and indivisible tokens, such as encrypted cats, tokenized digital tickets, etc. It is equivalent to RMB with a number. There will not be two RMB with the same number in this world, nor will there be two NFTs with the same number.
Therefore, compared to FT, the key innovation of NFT is to provide a way to mark the ownership of natively digital assets (that is, assets that exist in the digital world, or originate in the digital world), and this ownership can exist in centralized services. or outside of a centralized library. The ownership of an NFT does not prevent others from viewing it or reading it, NFTs are not capturing information and hiding it, but capturing information and discovering the relationship and value of that information to all other information on the chain.
At the same time, due to its non-homogeneous and inseparable characteristics, NFT can be bound to some commodities in the real world. In other words, it is actually a digital asset issued on the blockchain. This asset can be game props, digital artwork, tickets, etc., and is unique and non-reproducible. Since NFTs have natural collectible properties and are easy to trade, crypto artists can use NFTs to create unique digital artworks.
How did NFTs come about?
The birth of NFT is based on a pixel avatar project called CryptoPunks in Ethereum in 2017. The total amount of these pixel avatars is capped at 10,000. No two characters can be the same. Anyone with an Ethereum wallet can receive it for free and can put it away after receiving it. to the secondary market. Six months later, the small blockchain game Cryptokitties quickly became popular, which is a game of playing cats on Ethereum. Cryptokitty is a virtual cat. Buyers who own two or more can breed new cats, and the price of cultivating rare traits will be more expensive.
This virtual cat has experienced several rounds of skyrocketing and plummeting prices, and at the same time, NFT has been recognized by more people. The starting point of Cryptokitty’s design is to popularize the NFT gameplay. As a result, people started a zoo on the Ethereum blockchain, and virtual rabbits and virtual dogs became popular one after another, and then there were virtual trees. Mining, buying cats, selling cats, and earning coins to buy mining machines, and then mining, maybe a new way of life in the virtual world.
Don’t underestimate the cat obsession. The market generally believes that the obsession cat game is revolutionary for the proposal and practice of NFT – the value can not only be carried through cryptocurrency but also in another new and unique way of carrying.
How did NFT come out of the circle?
A lot of people started paying attention to NFTs in February 2021. On March 6, Twitter CEO Jack Dorsey appeared to want to sell his first tweet from 2006 as a non-fungible token NFT. On the afternoon of March 6, Dorsey posted a link to the platform “Valuables”, and after the page opened, his first tweet in 2006, “just setting up my twttr” (just setting up my Twitter) was being auctioned above. The highest bid came from Sina Estavi, CEO of digital currency trading firm Bridge Oracle, who placed a $2.5 million bid on the afternoon of March 7.
Previously, NFTs also caught the attention of bull queen Catherine Wood. She said she is very excited about NFTs. In the American art circle, more and more mainstream artists have also bound their works to NFTs. Last month, Mike Shinoda, the co-leader and founder of the American band Linkin Park, auctioned a piece of music he made as an NFT, and finally sold for $30,000. Shinoda established a scholarship with the funds obtained from the auction to help financially Difficult art students. NFT apps have now made their way to the NBA, too, to buy famous highlights from iconic basketball games, like Lebron James’ slam dunk.
What are the advantages of NFTs?
When an artist wants to sell a work, they create or “mint” an NFT, which acts as a claim to the work’s ownership from then on. NFTs are registered on an open blockchain ledger, making it possible to track ownership (or “origin” as they say in the real world), previous sale prices, and the number of copies that exist. The security provided by blockchain technology means that selling fake tokens is nearly impossible. Artists and a large number of self-media started to contact and use NFT, what are the advantages?
ARK wrote in a recent opinion share:
Today, to monetize digital content, content creators can upload it to Instagram, YouTube, TikTok, Spotify, or other social media platforms. These centralized platforms then monetize content through advertising or subscriptions, paying content creators a percentage of the profits. In contrast, digital creators can monetize their followers directly through NFTs, selling unique digital content without intermediaries.
In other words, nowadays, if musicians want to release new songs, they must go through record companies, and a large part of the profit has to be handed over to the record companies, if they publish their own works on short video platforms, they can eventually attract advertisements and subscriptions, but in the end, Creators don’t get all the profits, and the platform will definitely take a small percentage of the profits – the same situation happens in other fields of art and creation.
However, in ARK’s view, if NFTs become popular in the future, creators don’t have to let the platform take a cut. How much money their works earn on the blockchain is how much money they put into their pockets.
Will NFTs have wider applications?
In addition to artistic creation, what other fields can NFT be used in?
There are many fields of application:
1. Probably in the area of intellectual property – NFTs can represent a painting, a song, a patent, a video, a photo, or other intellectual property. In this field, NFTs play the role of a patent office: helping each unique thing to be copyrighted and helping it identify patents.
2. Physical assets – Real estate and other real assets such as houses can also be tokenized by NFT. It can be used in financial markets such as the circulation of assets.
3. Records and identification – NFTs are unique and, therefore, can also be used to verify identity and aspects such as birth certificates, driver’s licenses, academic certificates, etc. These can be stored securely in digital form against misuse or tampering.
4. Financial instruments – All kinds of financial instruments carry a lot of information in the process of circulation and transaction. If combined with NFT, it can not only confirm the rights but also facilitate tracking. In addition, in the future, the transaction of various NFT assets itself can form a subdivided financial market.
5. Tickets – Concert tickets, movie tickets, drama tickets, etc., can be marked with NFTs – tickets that seem to look the same, actually have different seat numbers, and naturally, NFTs can also be applied here. . All tickets are the same, but the seat numbers are different.
Will NFT be successful or a big scam?
Today, those exchanges that are relatively mature and trade digital currencies such as Bitcoin have begun to launch “spring layouts” and actively deploy NFTs. At present, traditional centralized digital currency exchanges such as Binance, KuCoin, Huobi, OKEx, Matcha MXC, and Bittrex have begun to participate in the layout of NFT projects. In fact, since most users are not yet familiar with on-chain operations, the threshold for trading NFT assets is high.
In addition, the current NFT is mainly based on the Ethereum network for issuance, trading, and circulation, but the Ethereum network is congested and the handling fee is high, which restricts the further development of NFT. At present, the application field of NFT is relatively single, and it is concentrated in the niche circles of games, encrypted art, and card collectibles, and has not yet achieved large-scale application.
Lu Jun, a senior researcher at Huobi Research Institute, believes that NFTs have the typical problems of early products in the encryption world, such as easy to generate bubbles.
However, Lu Jun also pointed out that time is the biggest enemy of bubbles. With the development of the market and people’s more full understanding of NFTs, it will become difficult to generate large bubbles. The problem of liquidity is similar. When people’s expectations for the value of NFTs gradually become stable and the risk of holding NFTs decreases, more people will join the market to contribute liquidity.
How to create and sell nft from phone?
Recently in 2022 nft has boomed and many people search ” how to create sell nft from phone ” on different search engines. But most of the article showed the process of selling and creating NFT from computer. There is no useful article on how to create and sell nft from phone. Steps to create and sell nft from phone:
- First of all you have to download these 3 apps from play store / App store:
- Metamusk – Download link of Metamusk app
- Opeansea – Download link of Opeansea
- 8Bit Painter – Download link of 8Bit Painter
- Then create an account in Metamusk after creating open ths app opeansea and connect opeansea app with metamusk wallet.
- Now it’s time to create an NFT. Open 8bit painter app and make a pixellated art and export the image.
- Open the Metamusk app and click on 3 dot button on the left-side of the screen and click on Browser. Type the url “Opeansea.io” then click on create NFT.
- Sign in with metamusk wallet and upload the nft. Add proper title, description, and other details. At the bottom select Polygon blockchain which is free. If you select Etherum then you have to pay some ETH in order to sell the item. Click on listing and then click sell.
- Wait for few seconds and click on unlock currency and the sign it. Boom! your first NFT is successfully crerated. Don’t stop creating nft you need minimum of 10 nft in order to get views in Opeansea marketplace.
