Whats Is NFT

 What is NFT ??

NFTs are a great way to promote your art on the internet in a world filled with so much clutter and competition that even if you have an amazing visual work, it might not catch many people’s attention. While there is no guarantee of success, the chances are good that at least some of your pieces will find their way into the hands of collectors who either have a deep appreciation for what you did or are simply drawn to your aesthetic nature.

NFTs are digital assets (digital works) that can be used as a form of payment and/or to sell, license, or otherwise monetize the content or items you create. In addition, they're often integrated into other forms of media like video games or comic books. For example, most gamers collect NFTs for their virtual worlds to sell their avatars and characters through Steam's Community Store. Similarly, while NFTs have been criticized in the past, creators should be commended and encouraged for being bold about their creations now that the technology has evolved to this point. The value of NFTs is dependent on when they were created, how long they need to live on, and how hard they are going to be sold off at auction, but because of the exponential growth of these digital assets, especially now that we know more people buy products or music from creators, there’s never really been any reason to doubt the sustainability of these assets.

NFTs have been around for decades now. But in today's climate, and with the release of countless new titles containing unique artwork, it would probably come as a total shock if someone found their hands full with all the physical copies of Marvel Studios' Avengers Iron Man. There are countless ways that talented artists from across the globe have put their creativity into the hands of other fans which include NFTs, with nearly a thousand different platforms now available for them to make money from. It makes sense to think that anyone is interested in getting involved with making an extra income from creating such digital assets. With so many creators relying on Amazon for funding or having their own ventures, there shouldn't be any reason for them to get frustrated by having to work for themselves and rely solely on the company, but it does seem unreasonable to expect them to come out of this industry right after everything they've worked hard for. If creators are able to receive funding or support that could help pay off all of the bills they've worked so hard for the past decade, then why not let their creations be distributed without fear of losing their investment? That's what made it so important for the initial launch of Kickstarter back in 2009 to allow artists to donate to projects which the crowdfunding platform was planning, allowing backers to invest in original projects which allowed creators the opportunity to earn money as well. Although those early days of Kickstarter are over and the rewards system and auctions which are still part of its current model, the concept remains one of the best examples of crowdfunding which allows millions of people to contribute towards a project or cause. Many creators do choose the option to sell their NFTs to a third-party marketplace or auction house for an additional amount which can raise funds for further projects or services. This is where NFT sales comes into play. As each piece becomes more appealing to collectors, buyers become more willing and eager to purchase. Through various trading websites, eBay, FanDome, Walmart etc., sellers get to participate in the market for their respective holdings.

NFTs have been around since 2014 when Fortnite first released online and started becoming popular. In 2019, Twitch launched a subscription service with streamers earning passive income, while YouTube also began to grow rapidly thanks to Amazon Prime Video paying hundreds of thousands of subscribers per month. Since both companies offer streaming as their primary source of revenue, it makes perfect sense for creators to make use of a gaming streaming service and sell their work. Even though they have yet to fully be proven or fully adopted by the public, we can already see how big things are just being taken advantage of. Most streams have already reached 100k followers, while multiple creators have even surpassed 12 million followers, proving that they are very popular, but also how quickly they are gaining loyal viewers. To make money with Twitch, creators must invest in purchasing exclusive packs. These are similar to the NBA NBA trading cards, except instead of buying and selling them, users will buy and claim them. Once they’ve claimed enough, players can then trade them for cash, discounts, or free merchandise. One interesting aspect to this is that once a gamer has paid for a pack, they keep a little bit of ownership of the item. They can start trading them again if they want to purchase another pack, similar to card trading in casinos.

While Twitter and Facebook are two famous social networks that we've seen go viral, none of these platforms really give creators any real control over what appears or doesn't appear on their feeds. Unlike Instagram, which shows stories and photos that people like and share, Twitch provides a large audience of individuals to host tournaments and events, which allows those same individuals to build up their bank accounts and start investing in properties. Each year, Nintendo releases several new entries into the Legend of Zelda series because of fan demand and because Nintendo likes to invest in independent game development. However, these games don’t require substantial amounts of financing to run and have no restrictions on how many downloads each entry gets. Despite all the excitement surrounding these newer content releases, it seems as though every single week EA puts out something else.

A lot of millennials are discovering that NFTs provide an easy avenue for them to enjoy, but the lack of transparency around their existence means that any creator should be careful of how they represent themselves for potential investors. Any earnings made may ultimately come from their personal earnings which includes anything they earn for using their creation. However, with the rising popularity of Twitch and growing numbers of creators who are spending significant marketing budgets on producing their next hit movie or TV series, it is only logical that creators will continue to invest in a variety of activities to earn enough cash for their creation.