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What is NFT

 

What is NFT

              What is the NFT?, a Nonfungible token which is used in Crypto Currency in the world of digital currencies. The world has seen so many changes in the last 10 years; most have been positive and positive changes.

            The internet was one of the first things to become an asset class and allowed all types of content to be shared easily. With this came a whole new era with people around the world sharing pictures and videos without any boundaries or restrictions.

              This changed everything for most people as we became more open-minded about how content could be made available for others. However, this also led to some serious issues such as:

The rise of counterfeits

The proliferation of misinformation and fake news

The creation of monopolies and oligopolies

The regulation of online platforms and apps

The growth of data privacy and security

The adoption of Blockchain and cryptocurrency

         However, there is still something missing from these advances, which is not allowing users to create their own digital content that they control over. The thing is not everyone owns their own digital assets, but who owns them? Not every social network owner can claim ownership if their platform uses real names or does not share their personal details.

          If you are a big corporation like Facebook or Google then it is obvious who owns them. In fact, many people do feel as though they own this digital property when they use Amazon’s recommendation engine on products. They are even putting themselves into situations where they are paying with money directly from their personal accounts rather than buying items online through other platforms.

           The problem lies in understanding who owns the right to their own intellectual property. What about IP laws and copyright law? For example, once a piece of code had been created, its creator had the right to sell it to someone else to gain profit. Similarly, a company would need permission from the rightful owners of the invention to distribute it for profit.

            These rights are enshrined in the US Constitution and they are supposed to protect the creators of intellectual property. Yet, nobody seems to care about this in the United States right now. So why is this happening? One possible reason is that it is extremely difficult to monetize IP.

            Anyone who owns an idea of a product or service can build up a fortune from advertising on the Internet. It is no wonder that companies like Apple and Google are the only ones who have been able to make this profit happen. Let's talk about NFT in deeper dive.

Sell your own NFT

        By creating your own fungible token you will be able to sell the same on the open sea, a platform as well as on Fiverr and Up Work. One of the most expensive NFTs was sold in 2.7 million US dollars and thus a race has been started in the whole world to create NFT and sell the same. The professional people are creating these non-fungible tokens and they are earning a handsome amount from it.

Create your Gig on Fiverr

        When you will create your Gig regarding NFTs you will be able to sell the same on Fiverr as well as Up work platform and thereby you can set your own price of each NFT. The nonfungible token is prepared within 05 to 10 minutes. In fact, these are pictures with 3D Artwork and short videos. The most popular picture with 3D Artwork including animations.

Websites for creation of NFT

                There are many websites for the creation of NFT. If you do not know how to create an NFT then some websites are being mentioned here. By uploading your 3D Art photos from pixel a website of royalty-free photos and thereafter by uploading the same on 3D Art.com, Lunapic, etc where a 3D Art photo with animations can be created within a few minutes.

            Another way is you can order to any professional who is creating NFTs and thereby you can display on your website, upon receiving an order of NFT place the same to the buyer. These are the simple methods for selling non-fungible tokens in a faster way.

           Furthermore, they do not help their customers by making sure they own these ideas or trademarks. And because these companies cannot profit from each sale, they refuse to help anyone find a better way to get sales. The same logic applies here. Companies like Spotify and Netflix only pay because people watch music and movies via those services.

           So why is the public not helping by creating their own original content now? Because nobody bothers to explain that their own ideas should be owned?. As tech becomes increasingly popular and people become more concerned about the state of the economy, one solution is coming to light. A startup called Unsnap aims to allow people to use their own unshakable cryptocurrency to purchase goods and services worldwide.

CONCLUSION.

           This means that instead of having to rely on corporations to take care of their intellectual property, consumers will be compensated for that work directly onto their wallets. Consumers are taking action against large companies like Amazon and Microsoft that do not act at the forefront for consumer interests in creating content.

          Furthermore, there are still plenty of businesses out there that do not understand the value of owning IP, especially when it comes to creating content. But they are slowly starting to see that they need to be part of the solution when it comes to the future of business. While they may be small, they hold a huge influence. Plus, let us remember that these businesses are already seeing great success.

                I hope this blog will help you to understand the NFT 3D Artwork marketplace. If you are seriously thinking about how to create non-fungible tokens and way of selling the same on some world’s renowned platforms mentioned above. Till today, most people do not know about this topic. Leave your feedback and positive comments about the topic. Have a nice day.

 

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