How to create NFT? Are NFTs valuable? Why collect NFTs?
NFTs are simply unique tokens representing digital files, each with a canonical identifier, a unique ID. Linked to that ID is arbitrary metadata, such as who created it, what it's about, or its price history.
How to create NFT?
When an NFT is created by the creator, this information is permanently registered on the blockchain and becomes a kind of digital passport to work. Looking further back, as long as that medium publishes on another platform, that platform can "check its passport" and see its entire history. This means that an instance of an idea can point to the original, immutable record registered on the blockchain. An image on the Internet no longer needs to be a two-dimensional box. Instead, it can have a "Z-axis" where third parties can discover all of its history and context, adding to its cultural and financial value.
Is there value in owning digital art?
A common criticism is that because digital art and digital collectibles can be reproduced, they have little value. But NFTs introduce a new possibility for true ownership to exist, while works continue to circulate freely online, and the more a document is shared and seen online, the more cultural value it accumulates, to Warhol For example, posters and t-shirts with er images. As popularity increased, the concept of owning authoritative works became more exciting and more of a marker of social status. It can also drive up the value that a work can get for resale if its visibility increases after purchase. NFTs allow collectors to reap most of the benefits of owning a piece of art, with the added benefit that their collection can be freely shared on the internet without restrictions – thereby accumulating more value across a wider distribution. It's not just art. Crypto collectibles, game assets, digital fashion, skins and more are blurring the line between art and programming tools.
Why collect NFTs now?
There are many reasons why people collect non-NFTs. It could be the excitement of discovering a promising new artist or work of art, the lure of a work's potential cultural value, the social status of having something unique and authoritative, or the prospect of making a profit by resale of the work.
Currently, in NFTs (and other crypto markets), many people are gathering speculative value, and like other crypto markets, non-crypto markets are reflexive. As with cryptocurrencies and traditional art, the more people who think an asset might have value, the more it generally will actually be worth in the market. As an example, the reflexivity of the Bitcoin market started with its popularity and eventually grew from a pizza memecoin to a global reserve asset.
Similar NFTs may seem like crypto whale fun and games at first, but as more money flows into these markets - and as more creators mint tokens and participate - outsiders will start to see value change hands, Perceived value will rise, and this reflexivity creates a positive feedback loop that, in many cases, helps drive the inevitable uptick in market activity over time.
The original source of this article is "" public platform, unauthorized reproduction is prohibited.