create and sell nft

 

nft is the decentralized form of digital property, a novel concept that will use blockchain technology to create a new generation of creative digital work that you can own and sell.

This blog post provides an introduction to nft and gives step-by-step instructions on how to create your own piece of art or music for sale.

  Image source: https://abduzeedo.com/hapebeast-prime-8k-unique-nfts-

NFT stands for "Non-Fungible Token". These are digital tokens with unique characteristics from their underlying value. They function similarly to ERC721 tokens on Ethereum but have many different benefits over them in terms of use cases, security, and story telling associated with them.

They are similar to ERC721 tokens, but have a lot more options available to them. They can be represented as physical objects (like an abstract painting or a piece of 3D rendered art), as well as services (like a tutorial or a song) — and much more.

All NFTs on the Crypto Kitty Hub are unique and all non-duplicable. You cannot clone existing ones, and you can only create NFTs that do not already exist on the platform. It is easier than ever to buy, sell, create, collect and exchange digital assets that are provably rare.

 Image source: https://www.siliconrepublic.com/business/bored-ape-yacht-club-founders-bayc-nft-yuga-labs

When creating NFTs, users can generate a unique string of characters that is created by the decentralized application on the Ethereum blockchain. This is similar to what an ERC721 non-fungible token would look like, except that you are able to customize the underlying value (in this case, you can customize a piece of art or a song).

NFTs can be created and configured in any way the user chooses. The next step depends on what type of set-up and configuration they choose to use. If they choose ShapeShift integration and ShapeShift Identities, a user will now be able to apply for an account with ShapeShift and purchase Bitcoin for their account.

  

Image source: https://evolutionapes.com/

Once the Bitcoin has been added to their account, they will be able to send that Bitcoin to a unique address provided for them by the Crypto Kitty Hub decentralized application.

Finally, users can now use this unique address to create NFTs with the additional features available through ShapeShift.com, such as:

Registration and public identity associated with the this new NFT (ShapeShift Identities). This can be used for KYC/AML validation if desired. Test transactions with small amounts of Bitcoin before creating new NFTs. Easily buy more cryptocurrency with any tokens they already own (if they are available on ShapeShift). They now have a customized and dynamic decentralized application that they can use at any time.

 Image source: https://www.ft.com/content/e5298295-8e79-411c-a054-a58f639ea8fa

Users can now use their newly created NFT to purchase other NFTs on the platform. For example, a user can buy a digital painting for $1 (this is the value of the painting — it lives in a digital environment and does not have any physical attributes or appearance). They can then choose to sell that painting for $2 if they wish. The selling process works in reverse as well. Users can choose any price they want to sell their item at, which they may be better off doing at a higher amount. This allows users to set any value they want for their own unique tokenized assets. It also allows them to set market prices and determine fair pricing across the entire platform.

Artists can use this platform to create an entire ecosystem of user-generated digital artwork, where the value associated with these artworks is entirely determined by supply and demand. This means that an artist has full control over the pricing and valuation of their work on this market.

Once you have a piece of art, you need to sell it on Crypto Kitty Hub. The first thing you will notice when bringing up the application is that you will be entering into a world full of digital artwork. Each piece is a NFT that you created through the application and will now be able to sell for any price you wish.

 Image source: https://womanofsolana.com/wp-content/uploads/2022/04/27-1.png

The first step towards selling your art is to compile a set of cover photos for your NFT (they will be saved to a folder called "Cover Photos"). You will also have the option to provide a description, which will also be saved.

Next, you can configure how much you are willing to sell it for and determine whether or not you would like the buyer to send Bitcoin (you must have this cryptocurrency if you choose this option). Next, you will be asked about the payment method — PayPal requires two additional steps and fees, so we recommend using this method instead. This is because using cryptocurrency from outside the platform takes slightly less time than using PayPal.