NFT Online Courses & Certifications

Non-fungible tokens are the unique method of exchange that is used for trading digital items. It is a cryptographic asset that works on blockchain technology. Trading in NFT cannot be done in equivalency since it is unique and is non-interchangeable in nature. Those who like creating art can gain knowledge about Non-fungible tokens through online NFT courses.

NFTs came into existence in 2014 when Kevin McCoy first created the first NFT called Quantum. It came into the mainstream in 2018 and has become quite popular since then. Almost anything that is digital in nature can be traded in the NFT marketplace. The different types of NFTs include Memes, In-game content, music scores, digital art, social media posts, stories, statuses and even digital fashion. Creators are also selling selfies as NFTs. 

Read what is blockchain?

NFTs are extensible in nature which means that you can combine one NFT with another to create new and unique NFTs. An NFT validates the ownership of a digital item. Owners can add metadata and attributes of the asset in the NFT.  It is important to understand the scope, advantages and disadvantages of NFTs. 

Advantages of NFTs

NFTs are the upgrade of the simple concept of cryptocurrency. In the case of most cryptocurrencies, there is no method of identifying owners. Whereas, NFTs allow the identification of the owner of that digital asset.

1. The NFT marketplaces are efficient in nature. A physical asset is converted into a physical asset into a digital asset. This streamlines various processes and removes all intermediaries. Creators can directly connect with their audience in the NFT marketplace. 
2. Each NFT has its unique identification characteristics due to which these are useful for identity management.
3. Creators can showcase their talent by creating NFTs and can get the best price for their art.
4. NFTs also help in improving the worth of the art by dividing the digital asset into parts. This means that a digital owner may have more than one owner. In this case, each owner has ownership on a fraction of that digital asset.

Disadvantages of NFT

1. Every aspect of trading in the NFT marketplace involves a fee called ‘gas’.
2. NFTs are quite confusing to trade into since it is new and very technical. 
3. The machines behind this technology cause carbon emissions. This can adversely impact environment. 
4. NFTs are still in the speculative phase of their development. This means that you need to take some time before completely diving into this field. 

Scope of NFTs

1. 
   If NFTs continue to evolve positively, then these might lead to the creation of more marketplace. This will, in turn, create more forms of investment.
2. Many industries will actively trade in NFTs as it can help in identifying owners directly. Industries like real estate can see a decline in disputes occurring from the inability to identify its owner. 
3. These can also be used in the e-commerce market to verify the authenticity of genuine products. 
4. One of the biggest scopes of NFTs will be recognition to deserving artists.

How To Buy NFTs?

1. You can buy NFTs through various NFT marketplaces such as OpenSea, LarvaLabs, CryptoPunks, Nifty Gateway among many others. You should know that most of the NFTs are traded in Ethereum which means you should have a wallet that supports this cryptocurrency. 
2. Once you have the NFT supportable cryptocurrency, you should connect your MetaMask with an NFT marketplace.
3. After this, you can buy an NFT of your choice.

Who Can Create NFTs?

Anyone who wants to create art can create NFTs. Be it artists, entrepreneurs, social media influencers or videographers. Everyone is creating NFTs and trading in them through online NFT marketplaces. Those who want to learn more about NFTs can opt for online courses developed by creators and domain experts. Through these courses, you would also be able to trade securely and smartly in the NFT marketplace.

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