![]() ![]() If you want to know how NFTs work, you may need to find a very knowledgeable computer programmer to explain all the intricacies, but we will do our best to boil down the main points. How Do NFTs Work?Īnything related to the blockchain can be a little confusing when it comes to the technical aspects, and NFTs are no exception. While these numbers fluctuate, and there is no guarantee that anything you mint will reach such prices, it goes to show how valuable minting NFTs can be for artists. Some estimate that by January 2021, the average NFT was selling for $195, and by mid-February, that number had reached as high as $4000 dollars. Today, NFTs have surged in popularity, enabling artists, creators, and brands, big and small, to realize new potential and profits from their work and intellectual property.Īs the popularity of NFTs has surged, more and more artists have been able to make money off of their digital art. ![]() ![]() ![]() Fast-forward to 2020, an NFT collection called EveryDays: the first 5000 Days by an artist called Beeple sold for $69.3 million USD and took the world’s media by storm. At first, they were a part of a niche sector of blockchain tokens and cryptocurrency, with hot sellers like Bitcoin stealing the majority of the limelight. This post will also cover how you can use our free 3D software platform, Daz Studio, to design and create your very own professional quality images, which you can then mint as NFTs on platforms like OpenSea where they can be auctioned or purchased. However, if you’re wondering what an NFT (Non-Fungible Token) is, let us clear up any confusion you might have. ![]()
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