A Beginner's Guide to NFTs
Learn the fundamentals of NFTs, their features, and how to create and deploy your own NFT projects.
Written by BuildBear Team on Feb 12, 2024
What are NFTs?
NFTs (Non-Fungible Tokens) are unique digital assets proving authenticity and ownership. Unlike cryptocurrencies, NFTs are indivisible and non-interchangeable.
How do NFTs Work?
NFTs utilize blockchain technology, typically Ethereum, managed via smart contracts defining uniqueness and ownership.
Key Features of NFTs
- Indivisibility: Each NFT is unique and indivisible.
- Ownership and Authenticity: Digital certificates of ownership.
- Interoperability: Tradable across multiple platforms.
- Smart Contracts: Automatic execution of royalties and rights.
Why NFTs Matter
- Empowering Creators: Direct monetization for digital creators.
- True Digital Ownership: Enables direct buying, selling, and trading.
- Tokenization: Represents digital art, virtual land, music, videos, and more.
Getting Started with NFTs
- Create and Deploy an NFT Smart Contract in 15mins
- Generate NFTs with AI
- Code Your Own SoulBound NFT
- Build a Decentralized NFT Marketplace
NFTs redefine digital ownership and creativity.
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