NFT explained | How to make your own NFT? - YouTube

Every way of doing work which is unique

the specialty is not the work, but the uniqueness of the work

so friends will the uniqueness will be useful?

or it is a mirage? lets know in this video.

We will talk about NFT.

What are NFTs and how can we earn from them?

To know watch the video till the end.

lets start with a story

He is Indonesian student who sold his selfie for 1 million dollars

What? a selfie1? you do not know the value of a selfie investors

who will buy a selfie?

he sold the collection of 1000 selfie by making it a NFT

and he made 1 million dollars in 5 days

other than that the artist named people sold his art for 69 million dollars

jack dorsi sold his first tweet for 2.9 million dollars

Amitabh Bachen, Rajnikanth, yuvraj singh

everyone is coming with their NFT collection

so what is a NFT? non fungible token

fungible means replaceable like this jacket

same color and same size jackets can be procoured from the market

and it can be replaced with another jacket

if I say that this jacket was made by my mother for me only

now it is not replaceable as it is unique

plus my emotion are attached to it, so I cannot exchange it

Similarly majnu's bhai painting is unique

The token is the proof of ownership

if I have bought a land then the token is the document stating the land belongs to me.

Looking at the digital world, like photos videos, tweets

anything can be a token like a cap in the digital game

the proof of the ownership of the cap is also available

for that you need to register on blockchain

Blockchain is a new technology which is not in control of any government or company.

it is free of control

blockchain is a public ledger that store data such an transfer of money from Neha to Nidhi

anyone can work on blockchain

and verify and store transections

NFTs are built on blockchain with smart contracts

after being made their is a name and token known as NFT

I have this selfie and I will ask blockchain to given me a token of ownership for it.

Once data stored in the blockchain cannot be changed, you cannot change the name of the NFT owner

like it is not of Nidhi but Neha what's written is written

you can know who created the NFT

and the seller, for example I sold it to Nidhi, she sold it to priya

as the chain continues, but

everyone can see every detail about the NFTs on blockchain

While creating the smart contract, I can add a clause to gain royalties from it

being the creator and owner

so the NFT world is a advantage for the artists

and they can protect their art. Earlier auction used to happen

the value of the art is in the mind of the creator

and for other it has different value

in the auctions.

Why buy NFT?

1. NFT has celebrity value?

like Amitabh Bachen, people would buy his NFTs

or any NFT associated with a big growing brand

2. Due to popularity of NFT, people are buying out of fear of missing out

not to miss out on any oppourtunity

3. People generally have a habit of collecting stuff

such as NFTs

One other reason is people like to be a part of community, such as a NFT community of a youtuber

one of the big reason to buy is to trade it.

Flipping of NFT is a major reason

NFTs has a assumed value

Like people say that the art is in the eye of the beholder

one might see the value other might not

One sees more values in NFTs and others do not

NFT market being new, may have high values

or may be at a low value

I would say NFT is double risk then crypto

being a new market, every collection is auctioned

you can bid like a auction

so the price can go very high

4 ways to earn money from NFT

1. Making and selling a NFT

2. you can buy NFT at low price and sell them at high prices

3. you can make NFTs are different brands by being a NFT designer

4. To invest in NFT crypto projects

like decenterland etc.

you can invest in NFTs through coinswitch as it has interesting features like limit order

you can limit order if the crypto went down, it will be purchased by you

similarly you can sell crypto if it goes 10% or more with limit order

with more interesting features and crypto, you can use coinswitch with link in description

you can start trading in crypto with coinswitch from tody only

Before investing in NFT, see who made the NFT, join discord of the group

research on its popularity

looking at its availability

look at its use case similar to crypto use case

you can earn passive income from NFTs

you have gaming NFTs, decenterland NFTs like I told earlier

you need be cautious before investing

Lets make our own NFT, first step is

download metamask in your phone or laptop

Metamask is a wallet used to store cryptos

etherium is stored in metamask, and it is used to by NFTs

Login to metamask and store etherium into it.

Next step is to go to opensea which is a

biggest platform to buy and sell NFTs

By clicking on NFTs you can see the details of NFTs like who made it

you can buy from here

To create your own NFT, connect your metamask wallet

enter the details of the NFTs, name etc

you have pay some transection charges to create one

mention the blockchain you are using

and pay through your wallet

Either you make your NFT or make it through sites like Canva

you can make unique art, or with the help of NFT designer you can make one

you can upload multiple NFTs here

even your complete collection

opensea will charge fees for using its platform

your NFT is created after paying transection and opensea fees

you can sell your NFT on opensea and other such platform

you can set your price or make a auction

This was my video on NFTs, please comment if you like it and I am not on telegram

Beware of telegram frauds and these videos are for educational purpose and not investment advice

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Make 10k likes on this video, keep learning and keep earning. Lets meet in the next video.