We provide a comprehensive guide to navigating the world of modern NFTs. Find information on creating NFTs, discussing notable events, financial analysis, and overall trends.
Video Tutorial: Creating An NFT
We created an in-depth video tutorial to guide you through the process of minting and verifying your first NFT on Solana using SolSea!
The Use of NFTs
The term NFT, short for Non-Fungible Token, is a digitized code that is built to be part of a blockchain ecosystem in the form of a token Cryptocurrency. This associated cryptocurrency can be sold or transferred digitally through one or more blockchains.
Often, these NFTs can be attached to exclusive branding deals, art platforms, or unique interactions. This can include digital entities such as Art, 3D Designs, Copyrights, and more. Some NFTs with Physical counterparts exist, such as NFTs being used as concert tickets or as gateways into exclusive clubs.
Key Risks & Disclaimer
- Not Financial Advice
- High Risk
- Keep in mind most NFTs do not sell or make any profit
- We are not paid to sponsor any Company or Cryptocurrency at this time
- Please read our full Disclaimer
How To Create an NFT
Creating an NFT can be quite simple, depending on the platform and your access to specific cryptocurrencies. Check out some various NFT platforms:
Choosing a Platform to Launch your NFT
Many platforms exist to distribute NFTs in various forms and with different Cryptocurrencies. This includes:
- OpenSea
- SolSea
- Magic Eden
- Rarible
- LooksRare
- Mintable
Each platform will have various fees associated with their marketplace and listings.
Creating or “Minting” An NFT
When the creator is establishing an NFT on a specific blockchain, they must “mint” the NFT onto the chain. This can be done by paying a small transaction fee, which varies on different networks, and only needs to be done once on most platforms.
Some ecosystems are quite costly to mint, with Ethereum’s barrier to entry remaining well over hundreds of dollars, as well as low cost alternatives arising such as Solana.
Step By Step NFT Guides
Check out some platform specific tutorials and guides:
- Magic Eden NFT – Official Online Guide & Tutorial
- SolSea – See Our Official Tutorial for SolSea NFTs
- OpenSea – See Official Developer Publication Documentation
NFT History & Culture
Timeline of NFT Boom
- 2016: Ethereum Developers Builds First NFT Projects
- Crypto Bubble of 2017 & Beginning of NFTs
- First NFT Projects Launch, CryptoKitties, CryptoPunks
- 2018-20
- 2020: Covid Lockdown Encourages Digital Asset growth
- Crypto Bull Run of 2021: NFT Boom
- 2022: Crypto Winter, Many NFTs abandoned
Notable Losses & Hacks
- Wormhole Bridge exploit leaked over $300 Million in Crypto assets
- Hackers drains almost $100 Million from Nomad Bridge in 2022
- Justin Biebers $1+ Mil NFT, now worth less than $70,000
- Logan Paul Abandons CryptoZoo, an NFT Project – See CoffeeZilla Exclusive
- Bored Ape Yacht Club Animated Comedy was cancelled because NFT, as well as animation rights, were hacked and stolen before launch
Notable Scamcoins & Scam NFTs
- MillionCoin, A Scam run by TechLead, a disgraced Youtuber
- Logan Paul’s Abandoned Project CryptoZoo
- Red flag to almost anything with Floki, Inu, or Shiba in the name (except mainstream chains like DOGE and SHIB)
NFTs in Hip Hop
- Eminem, an Owner of BYAC
- Post Malone has sold Meet N’ Greet Ping Pong Tickets as NFTs
- Snoop Dogg has an exclusive line of NFTs
- Many Rappers have released music as NFTs, including Tory Lanes
NFT FAQ
Why Are NFTs So Popular?
Which Rappers Own NFTs?
Which Rappers Sell NFTs?
How Do I Create An NFT?
How Do I Create An NFT on Solana?
How Do I Create An NFT on SoSea?
How Do I Sell An NFT on SolSea?
How Do I Verify My NFT?
What Are The Best Ways to Sell NFTs?
What Are The Cheapest Ways to Sell NFTs?
What Are The Cheapest Ways to Mint NFTs?
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