NFT FOR DUMMIES 2023: A DETAILED BOOK GUIDE ON HOW TO CREATE, BUY, INVEST AND SELL NFT

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(as of Jul 18, 2023 04:37:33 UTC – Details)

« NFT for Dummies » is a beginner-friendly guide that aims to explain the concept of Non-Fungible Tokens (NFTs) in a simple and accessible way. NFTs have gained significant attention in recent years, particularly in the world of digital art and collectibles. This guide is designed to provide a foundational understanding of NFTs without assuming prior knowledge.

To start with, it’s important to understand that NFTs are a type of digital asset that represent ownership or proof of authenticity of a unique item or piece of content. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible (interchangeable), NFTs are non-fungible, meaning each token is distinct and cannot be replaced by another.

One of the key features of NFTs is their ability to leverage blockchain technology, which provides a decentralized and transparent way of verifying ownership and tracking the history of transactions. This ensures the authenticity and provenance of the digital asset, making it difficult to counterfeit or tamper with.

NFTs have gained popularity primarily in the art world, allowing artists to create and sell digital artworks as unique tokens. These digital artworks can range from illustrations and animations to music, videos, and even virtual real estate. By tokenizing these creations, artists can establish scarcity and rarity, which can increase their value in the market.

Another significant aspect of NFTs is their potential for creators to earn royalties. Unlike traditional art sales where artists may only benefit from the initial sale, NFTs can include smart contracts that automatically allocate a percentage of subsequent sales to the original creator. This feature ensures ongoing compensation for artists as their works are resold.

NFTs are typically bought and sold on online marketplaces called NFT platforms or exchanges. These platforms provide a space for creators to mint (create) their NFTs and for buyers to browse, bid, and purchase these digital assets. The transactions on these platforms are often facilitated using cryptocurrencies like Ethereum.

While NFTs have opened up new opportunities and possibilities, it’s essential to understand that they have also faced criticism. Some concerns revolve around the environmental impact of the energy-intensive blockchain networks used for minting and trading NFTs. Additionally, there have been instances of plagiarism, copyright infringement, and scams associated with NFTs, highlighting the need for caution and due diligence when engaging with this space.

In conclusion, « NFT for Dummies » provides an introductory overview of Non-Fungible Tokens, explaining their unique characteristics, the role of blockchain technology, and their applications in the art and digital content landscape. It serves as a starting point for individuals seeking to grasp the fundamentals of NFTs, enabling them to navigate this evolving field with a basic understanding of its concepts and implications.

ASIN ‏ : ‎ B0C87M9TQW
Éditeur ‏ : ‎ Independently published (16 juin 2023)
Langue ‏ : ‎ Anglais
Relié ‏ : ‎ 92 pages
ISBN-13 ‏ : ‎ 979-8398538663
Poids de l’article ‏ : ‎ 191 g
Dimensions ‏ : ‎ 15.24 x 1.02 x 22.86 cm