The Non Fungible Token (NFT), which we have heard frequently recently and which has become more popular, can also be translated as "Immutable Token" in Turkish. In fact, NFT, which is a type of crypto currency, is the income you can earn in exchange for a value from the content you produce in the digital environment, unlike other cryptocurrencies. Assets that can be considered as NFTs and that you can put up for sale in digital environments are as follows; It can be a created artwork, video, images, tweets, and anything else you can think of. All these digital formations can be NFTs if the necessary conditions are met.
It may be possible to define NFT as a digital analog of a product/asset that can be a collection in our daily life. For example, the works and accumulated collections of famous artists of the time can be good examples of these assets. The feature that distinguishes NFT from other cryptos is that they are all created in a different way. This feature makes them immutable.
How is NFT Produced, How Is It Used?
NFTs are produced by Ethereum developers according to ERC-721 token standards. To generate NFT, you need to have a cryptocurrency wallet. The file is uploaded to the IPFS system via the major platforms tool. Then the unchangeable parameters of the NFT are determined.
Issues such as how many NFTs will be produced, what the price will be, and how much you will have to pay from the next sale are taken care of. After that, the transaction fee of the blockchain network is paid and the NFT is generated. At the end of the transaction, the NFTs are sent to your wallet and registered on the entire blockchain.
NFT Examples
Many famous artists and social media phenomena have made great efforts for the recognition of NFT technology. Some news outlets have even sold NFTs.
In addition to these acquisitions related to NFT, there are also project examples. To list a few:
CryptoCrystal: It is a kind of crypto mining game. In the game, you can also see Bitcoin or Ethereum and different styles of mining. Players can produce crystals by buying coins from the company to mine.
HyperDragons: It is a game played thanks to small beings. The feature of the game is that it interacts with projects of different groups. The game consists of 3 parts. These; collection, production and consumption.
CyrptoVoxels: This game played with virtual reality glasses was developed by Ben Nolan, a game developer. A number of materials and terrain can be built in the game.
Where Can I Buy NFT?
NFTs can be purchased on many platforms, and which of these sites you choose will depend on what you want to buy. You will need a wallet specific to the platform you want to purchase from and you will need to fill it with cryptocurrencies.
Some NFT selling sites:
OpenSea
· Foundation
· SuperRare
· VIV3
· with the rabbi