What qualifies as an NFT

November 11, 2021

First what you need to know …

So, for all the users of these marketplace who doesn’t have any cryptocurrency wallet, it’s not possible to buy and sell their digital art or assets, as they can only be sold to other wallet holders. What should you do? You have to find a decentralized and free wallet service for example: www.metamask.com for Etherium, or Phantom.app wallet for Solana crypto. For that purpose, there should be a decentralized payment gateway service that can enable cryptocurrency payments via Etherium, Solana, Cardano cryptos, …

What qualifies as an NFTs? This rare assets can be traded and stored in crypto wallets but they cannot be traded or purchased with fiat money. It is also impossible to trade NFTs without crypto wallet. NFTs are also transferable from one wallet to another, it means that a user can send his NFTs between to another wallet. How to transfer your NFT? To transfer your NFT to another wallet or ENS, go to your account (Metamask or OpenSea) and select your desired NFT. Click Send. Enter the recipient’s public wallet address (or ENS, where applicable). Pay the transaction fee. You can then verify your transfer on Etherscan.io.

In a few words: NFTs are like cryptocurrency…. They’re digital files that are stored in the blockchain. For example: Anyone can make NFTs by scanning any type of digital file into it and storing it. You can make NFTs from almost anything valuable.

In NFT Desire marketplace sellers list their works for free and buyers can pay for a licence with fiat money (USD), credit cards, Paypal and even Bitcoin and Ethereum. This is so called pre-minted art, after purchasing on NFT Desire, you have a copyright to mint NFT or even use it as printed NFTs.

Read also about: How many NFT platforms are there

How long does it take to make an NFT

NFT creation can take a lot of time, depending on the number of parts you want to create. But if you have an idea for an NFT you are interested in creating, you can make it in a few hours by using available tools. Some guys keep using https://fiverr.com and look for low or high budget digital arts.

The next step to selling your art online is to register for an account on NFT marketplace. The third step will be advertising,. You will simply pin links to your social media accounts as well as your website or blog.

NFTs do have long-term viability. So take your time and think twice who will buy it.

How long does it take to process an NFT?

It depends on the size of the artwork, and the number of colors. A full-color painting could take a few days, depending on the complexity of the design. A black and white drawing could be completed in a few hours.

How NFT minting works?

How long does it take for someone to receive an NFT after paying with cryptocurrency? The process of receiving an NFT after paying with cryptocurrency will take longer than when paying with fiat currency because it takes more time for the NFT to be added to your digital wallet when paying with cryptocurrency. When paying with cryptocurrency, it could take 3+ hours before you see the NFT in your digital wallet.

Can you mint an NFT for free?

Almost for free 🙂 On Etherium blockchain you have to pay huge GAS fees, if you want to pay as low as you can use Solana blockchain. I tried marketplaces like Solanart, Solsea,…

And what about free lazy minting?

Thanks to NFT marketplace Rarible, you can now create NFTs for free! The platform has introduced a new “lazy minting” feature using which you can create NFTs free of cost. When creating an NFT with the lazy minting feature, you will just need to sign the “minting authorizations” with your wallet. The authorizations will then be transferred to the blockchain, and the transaction fee will be paid by the buyer at the time of purchase.