There is a lot of news and information out there about NFT but lots of information is technical, and actually, you don’t need to know about that!
Everyone likes to visit and instantly eat the delicious McDonald’s Cheeseburgers, but they don’t care about…, what are the recipes? and how to cook the burger, right?
So, in this NFT dictionary,
we don’t want to overwhelm you with lots of boring and more technical information,
but more closer to the benefits, need, and business information that an NFT can bring to you.
What is a Non-Fungible Token (NFT)?
NFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated. More details...
What benefits and advantages of NFTs? (will bring to this world)
How big is the NFTs market in 2022?
The global Non-Fungible Token (NFT) Market Size will reach USD 20 billion by 2028. More details...
Where can i create, buy, sell and trade NFTs?
Wow... sounds good to anyone now, you can do all this stuff by using Our NFTs Management System
How much does it cost to create an NFT?
so, the cost of creating an NFT depends on the blockchain network that stores your NFT data.
Luckily, Our NFT Management System now provides one of the cheapest and the fastest blockchain networks such as the polygon mainnet. and The gas fee is quite cheap, the price range is between $0.1 – $0.5 ( US Dollar )
so, what is the Gas Fee?
A gas fee is the transaction fee, that you need to pay when minting the NFT in the blockchain network.
What is Mint ( Minting ) an NFT?
in the blockchain network, Minting is the process of storing information ( or your NFT Data or your cryptocurrency data, or Any Data ) in the blockchain network.
After knowing a few terms, Do you know? What is Blockchain? actually...
Blockchain is just a database. but not a centralized database. but the blockchain is a decentralized database. it means that a lot of servers ( or miners ) hold the same data. and because of this reason, making the blockchain become the most secure database today.
Nowadays, Metaverse has become one of the hot news almost everywhere, and anyone heard about it. Is any relation between Metaverse and NFTs?
Yes, absolutely, this is the biggest and most great news for all NFTs fans all over the world. NFTs play a part in virtual real estate inside the Metaverse. so, to purchase, trade, or build land in the metaverse. Then, all these lands need to be minted as NFTs ( as the legal agreement of ownership of these lands and buildings ). More details...