NFTs are non-fungible tokens that are unique and non-interchangeable units of data stored on a digital ledger (blockchain).
NFTs are not fungible or can’t be mutually interchangeable. Once you own an NFT, it means you have a unique digital artwork that won’t be replaced or exchanged with another identical one of the same value.
You can simply treat NFTs as digital files. Any of us can make an NFT easily as count 1.2.3. It’s no different to making an NFT from editing a video, music or photo.
You can go to FilmForth official website and learn more features FilmForth can do for NFT work creation.
FilmForth supports quite a lot of media clips editing. You can easily edit your work in simple clicks as it has no complicated timelines and tracks.
Hitting the Save Video button will allow you to export the work without watermarks. Now an NFT artwork is done. What’s the next thing you need to do? You can keep it on your computer just for yourself, or upload this digital work to the marketplace and wait for someone’s price call.
Now what do you need before selling the work?
All you need is to get the right digital wallet connected to an NFT marketplace where you'll be able to upload an NFT or crypto art.
There are some common NFT marketplaces including OpenSea, Mintable, Nifty Gateway and Rarible. Here we recommend Rarible which connects NFT creation, selling and buying for everyone.
Most NFTs are sold on the Ethereum blockchain, so you need to be wary of the Gas fee which is charged for the transaction on the blockchain.
Then, wait for the price call.
Like the selling of NFT, to buy an NFT will need your digital wallet that can store cryptocurrency and NFT. That also means you have to store some cryptocurrency already in your digital wallet which will be used to change for the NFT.
Different marketplace has different platform fees. Rarible’s service fee is usually for 2.5% of your bid. Also you can use VISA if you don’t have ETH to pay. But you have to store the NFT in the digital wallet.
Never a concern!