Thread by @zignaly

(1/9) The popularity of #NFTs during the epidemic has many #investors asking how they operate and how to acquire them. What Are NFTs And how to Own Them? 🖼️💸🧵

Learn More 👇
medium.com/zignaly/llts23…

(2/9) A #nonfungibletoken is a form of #digitalasset that simulates practical items, including music, movies, in-game items, and works of art. 💎🌐

(3/9) They are often encoded using the same underlying software as many #cryptos and are frequently bought and sold online using #cryptocurrency. 💻₿

(4/9) #NFTs are growing more popular as a tool to acquire and sell digital art. The market for #NFTs alone was predicted to be worth $41 billion in 2021, approaching the total market value of the worldwide fine art industry. 📈

(5/9) Non-fungible tokens (NFTs) are tokens kept on a #blockchain that stand in for a particular real or digital asset. NFTs are traded for #Ethereum, #Solana, #Awax, and other tokens while stored on the blockchain for cryptocurrencies. 🌐🔥

(6/9) Creating an #NFT is as simple as creating an ownership record on a #blockchain network. While minting is highly complex, several software options can handle your grunt work. 🦾

(7/9) If you haven’t already, you need to choose what particular #digital object you want to turn into an NFT. It might be a unique piece of art, picture, music, GIF, or tweet. 🌌🧠

(8/9) Once the decision is made, the next step is to start #minting the unique digital asset into an NFT. For this, it is best advised for you to select the corresponding #blockchain technology, as per preference. ✨

(9/9) Since you’ll need some #crypto to fund your initial investment, you should obtain a digital wallet if you don’t already have one. You may access your digital goods via the #Wallet. 👛💰