What is an NFT?

An NFT or Non-fungible token is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.

NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork.  NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes.

When you buy am NFT the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself.

How Does an NFT Work?

NFTs exist on a blockchain, which is a distributed public ledger that records transactions. Blockchains such as Ethereum, Binance and Solana.

An NFT is created, or “minted” from digital objects that represent both tangible and intangible items, including:

•  Art

•  GIFs

•  Videos and sports highlights

•  Collectibles

•  Virtual avatars and video game skins

•  Music

•  and so much more

Essentially, NFTs are like physical collector’s items, only digital. So instead of getting an actual oil painting to hang on the wall, the buyer gets a digital file instead.

They also get exclusive ownership rights. That’s right: NFTs can have only one owner at a time. NFTs’ unique data makes it easy to verify their ownership and transfer tokens between owners.

So what do we have to do with NFTs?

Have you been thinking about creating and posting your own NFT? Recent NFT trends include generative artwork, fractionalising valuable collectibles, and participation from big brands into established communities. Have you heard of Bored Apes, EtherRocks and CryptoPunks. These are all form generative art. 

Basically you create a base template and to complement that template you create layered accessories and features. Once that done you run it through a randomiser and it can produce multiple variations of your character.

If you were thinking you wanted to create an NFT but maybe you were lacking in the creative department, we are here to help. What we can offer is to bring your idea to life. Whether you are after an Illustration, Templates, Animation we got you covered. All you need to do is contact us.

So what are you waiting for let’s get creative.


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