Exploring the NFT Landscape: From Artistic Innovation to Investment Opportunities

The most important reason why both artistic and intellectual activities have attracted attention from past to present is that they are all “unique”. This concept of “uniqueness” is still very important today. Although it has changed slightly, this uniqueness can now change owners and does not have a concrete structure.

It is exactly the concept of “NFT” that adds a different dimension to the subject. With blockchain technology, you can confirm that your works belong to you and keep them safe, just like going to a patent institution and certifying the product you have produced or invented.

For example, we know that the first post published on the platform called X, also known as Twitter, was sold as an NFT. Likewise, every idea and work of art created online can now be safely sold as an NFT. In these times when plagiarism is extremely common, people who have problems producing their own work tend to modify what others have produced or simply translate and sell it in their own markets.

Therefore, the rights of online content producers, or at least the products they produce, need to be protected. The rights of every work produced with NFT belong to the person or people who produced the final product. This news significantly encouraged the art world to produce more works of art.

Because the fear that producers have of their work being stolen is now eliminated by the developing technology. This great news can improve people’s creativity and even defeat their fears. Likewise, the learning and development speed of artificial intelligence (AI) enables these plagiarisms to be detected much faster and more clearly.

What will NFT do for us?

This question is frequently asked in public and on social platforms. To put this simply, imagine that you have a company and you are looking for a new logo. You want to evaluate available options and go beyond the standards rather than a specific product.

For this reason, you would not want to look at catalogs containing predesigned products, choose a design and adapt it to yourself, would you? In such cases, you can visit the platforms where NFT producers are located, examine the works they produce, or even ask the manufacturer whose art you like, to design a special product for you. A purchase you make in this way will protect the rights of the producers and encourage them to produce more.

The product you own will belong to you from the moment you purchase it and no one else will be able to own the same product. If we look at this issue from a different and broader perspective, by entering the world of Metaverse, also known as the world of virtual reality, we can better realize how important uniqueness is for potential customers. You can imagine that just like the username you get in games cannot be copied in the same way, nothing you create in the Metaverse world can be copied.

Every product you produce with NFT gains a different dimension and value in the metaverse world. Even now, the fact that the NFTs you produce can be used as investment tools, bought, sold, and have their own internal market and dynamics is an indication of how important the virtual reality world will be.

For example, you can go to a store in virtual reality and buy a unique costume. Those who make these designs will again be NFT producers, and that costume will have a market in both virtual reality and the cryptocurrency system. When we look at the importance of NFT and the opportunities it offers us from this perspective, it will be easier to understand.

Usage areas of NFT

The uses for NFT are almost unlimited. The examples mentioned above are just some of them. NFT is also frequently used for music, sports and games. You can create a digital collection by purchasing NFTs of characters from your favorite games and digitally available musical works. We can say that the visible face of NFT is digital collecting.

The opportunity for people who produce and demand a certain product to buy at a certain price is valid in NFT, as in every commercial activity. The only difference in NFT is that you can auction a completely digital product and the product has a volatile market. Since digital products do not have any boundaries or limitations, we can say that there is no limitation in the usage areas of NFTs either.

How do we produce and sell NFT?

NFT is now a space where almost anyone can create and produce content. Technology provides us with incredible convenience in this regard, and there are many platforms that will help you create almost any kind of work. For example, although many web pages provide services for creating NFT images, you can create the image you want on your own computer without using any of them. You can create it just by using Photoshop, make the desired adjustments and send the image to the NFT world.

As mentioned above, instead of a set of rules, there is a world of unlimited opportunities and options. What you need to do next is to open a cryptocurrency account and create a wallet there. You will then need to own Ethereum and connect to an NFT marketplace of your choice. Once your current work is published in that market, you will become a part of it.

How to invest with NFT?

There may also be people who are not interested in creating NFTs but want to make money with NFTs. One of the great things about the NFT market is that it already offers you these opportunities. You can participate in NFT markets, which can be diversified in the unlimited world of crypto money, and carry out your trade by buying and selling.

While you can collect NFTs as a starting point to invest in the future, you can also collect NFTs of different values depending on their costs. Even though there is uncertainty about what will be in demand and what will increase in value over time, you can turn this uncertainty to your advantage.

NFT, which will be one of the markets of virtual reality, is currently attracting the attention of important brands. Some well-known brands also carry their products into the virtual reality world and continue their business from there. With the information so far, it can be said that; companies will direct their investments and technical teams towards this NFT production and its future.

What are NFT Markets?

First of all, in NFT markets, each market has its own standards and commission rates for charging its users. For example, OpenSea charges a 2.5% fee for a transaction made with Ethereum. To briefly explain the OpenSea platform; as the name suggests, you can publish your NFTs on this huge platform, which shows the wideness of the crypto world. This market, which can be considered the ancestor of NFT platforms, will offer you unique opportunities.

Also, to mention the well-known Binance, where probably everyone who has heard of crypto has an account, could be a platform where you can choose to publish your NFTs. With only a 1% transaction fee, this will make it easier for beginner NFT producers.

Apart from these two most well-known names, there are also known and widely preferred platforms called Rarible, Jupiter Meta, BuyUcoin, NFTproX, Axie Marketplace, Bollycoin and WazirX. Each platform’s procedures will be different. Keeping track of transaction fees, investing in a platform where you can stand out, and increasing your earnings in the NFT markets is entirely up to you with the help of the research you do and the information you gain.

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