NFTs(Non Fungible Tokens)
The non-homogeneous token NFT is a digital asset with the two characteristics of indivisibility and uniqueness, and can be used to represent tangible and intangible items.
NFT application scenarios are diverse, including digital collectibles, music, artwork, and in-game tokens. With the help of encryption and blockchain technology, digital assets and their categories are multiplying and evolving.
NFT is just another example of the rapid changes in the industry.it is also refers to an irreplaceable token NFT is a token that has its own unique value, and each token is not compatible
There are many platform that where NFTs can be bought and sold so of which are Opensea,Rarible,Axial Marketplace etc.Each NFT is unique and impossible to copy.
Last year, NFTs gained the attention of the general public through the sale of digital art on websites like Rarible and OpenSea which are among the most popular.
Ambitioning to become in the medium term a “public good” at the service of its users and the art world, find out how Rarible works and what its interests are.
RARI is Rarible's governance token. RARI allows Rarible's most active creators and collectors to vote on all platform upgrades and participate in curation and coordination.
How to Sell NFTs in Rarible
You can sell anything on the Internet. Even tweets. Twitter boss Jack Dorsey recently auctioned off his first tweet from 2006 . A veritable relic of the Internet with the highest bid currently standing at $ 2.5 million.
In what world can you sell a tweet? In that of blockchain and cryptocurrencies. And more precisely in the country of NFTs, for non-fungible tokens. These digital tokens, mainly based on the Ethereum blockchain, have their own characteristic and are not interchangeable, unlike a bitcoin which can be exchanged for another bitcoin .
1)Go to Rarible.com and click " Create " at the top right.
2)Create a single or multiple collector's item
3)Select " Choose File " to upload a PNG, GIF, MP3, or other type of file. The maximum size is 30MB.
4)Enter the price you want or leave "on sale".
5)Enter a name for your NFT and a description.Define your royalties. You will continue to get paid if it resells in the secondary market.
6)Choose " Connect wallet and create.
7)Connect your wallet, which we set up with MetaMask".
How to Buy NFTs
On the Marketplace tab, you can find all the items available for purchase. Click on the one you want to buy to get to the detailed page.
On the right, you will find the current owner of the work, putting it for sale ( Owner ), and below its creator ( Creator ).
Double check the creator : an original work will obviously not have the same value as a copy.
To buy it, click on the blue "Buy" button at the bottom. A window will open.
If your wallet contains Ethers, you can go to the next step. Otherwise, we will have to add more! A pop-up should appear asking you to add ETH to your balance.
You can either buy them directly by credit card , or send them from another wallet , or an exchange for example.All you need to do is send enough fons to the address given.Once it's done, you can start the operation again. This time, you should no longer see "Add to balance" but "Confirm" .Click on it, then wait a few seconds.
Once the transaction is validated, you will have a small confirmation window!
You can now share your purchase on social media, or just exit the window.
Advantages and Disadvantages of NFTs in Rarible
Advantages
Because NFT is an application based on Blockchain technology, it also has the following advantages: Ownership ownership, Transferable transferability and Authentic authenticity.
(1) Ownership:Using the technical foundation of the blockchain can ensure that the ownership of the NFT will not be destroyed.
(2) Transferable:NFT can be transferred on certain trading platforms, just like art trading market platforms.Based on blockchain technology, every transaction is completely transparent and can be traced back.
(3) Authentic authenticity: When combined, NFT is inherently anti-counterfeiting.
Competitive commissions
Wide variety of NFTs:NFT is irreplaceable because each coin has different scarcity and value
Industry-leading security NFT secures and guarantees rights by enclosing various digital assets into the blockchain system
- They cannot be used to trade with another on exchange platforms.
8.The NFTs developers can create as many token they want varying in characters.
9.They can be saves forever on the blockchain.
10.They can be used in representing digital files such as audio, artworks, photos, games, videos, etc.
Disadvantages
- Only accepts payments in cryptocurrencies
2)A cryptocurrency wallet is required to buy and sell on the platform.
With non-fungible tokens made by celebrities like Logan Paul, Grimes, and Steve Aoki, NFTs are becoming a mainstream movement