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Is NFT leading a new trend of blockchain and art?

Digital currency and blockchain have subverted almost all areas of human interaction and expression. From the entertainment industry to financial services, it has gained corresponding glory and fame, and successfully integrated into an interesting field – the art industry.

What is NFTs?

Non-fungible tokens or NFT refers to ERC-721 tokens hosted on the Ethereum blockchain. NFT is very unique; even though it can belong to the same category with other NFTs, they cannot be exchanged for another NFT (one penny can be exchanged for another penny, because all fiat currencies have the same value; but the course certificate you obtained cannot be exchanged with someone else’s course certificate, because it is something exclusive to you). NFT is widely used, it allows physical assets and their ownership to be represented in a unique way on the blockchain. Some uses of NFT include collectible items, game items, event tickets, or just proof of ownership of some physical assets.

What is Fine Crypto Arts?

Inspired by the blockchain and digital currency movements, the Fine Crypto Arts hosted in the blockchain and in the form of physical art tokens has presented countless forms, and all forms are very exciting.

It inspired artists from all over the world and created eye-catching paintings to depict the core and meaning of digital currency or blockchain movement. On the other hand, it redirected artists to create works of art and deposit their ownership on the blockchain in tokenized form, so that users can pay and easily exchange through digital currency.

Two forms of this art form have evolved. The first is to use NFT as the ownership token for physical art sketches, paintings or sculptures, and the other form is to tokenize the digital art itself as a collectible. Cryptokitties is a good example, it is a gamified, collectable ERC-721 token, through which you can buy “kittens” (play, breed and trade)! It just takes the virtual pet to another level, and we also like this form very much!

Another excellent example of Fine Crypto Art is the art of Nelly. You can buy futuristic utopian works of art (these works just depict the digital currency movement). At the same time, you can also browse the “Art Gallery”, select your favorite works of art and purchase it. So you have a digital art NFT!

Where can I buy NFT?

Cryptokitties and Art by Nelly are just two examples of a large number of digital currency artworks. Hundreds of artists are using digital monetized digital art to sell their gorgeous works to millions of users. Its cost is very low, and it will allow your talent to be greatly exposed.

So if there is a market where you can browse and buy all available NFT, it is naturally very good, so that millions of artworks and collectibles can be traded in one place! This is exactly what OpenSea is for. It is a digital currency market where you can browse hundreds of NFTs and buy directly through your wallet.

OpenSea divides collectibles into six types, you can filter and filter through the panel in the upper left corner. The six types include:

* On Sale Items: Collectibles that can be traded immediately
* Has Offer Items: Collectibles that cannot be traded immediately but accept offers
* Pre-Sale Items: created on the spot and considered as pre-release collections
* Has Bounty Items: Collectibles that make money by recommending to family and friends
* Auction-able Items: Collectible items that can be bid and rewarded to the highest bidder
* Bundled Items: Collectibles sold together

How do I buy it?

Now you may be aroused by the desire to collect, so the first question you may ask is how to buy it? The question is simple. Since NFT is hosted on the Ethereum blockchain, you first need to own ETH. Once you have ether, you will also need a wallet that supports ERC-721 collectibles.

Two wallets that support ERC-721 tokens are recommended.

>> MetaMask: Ethereum wallet that supports all protocol tokens
>> Dapper: Wallet optimized for collectibles

As an extension of Chrome or Firefox browser, MetaMask allows you to purchase fancy collectibles directly on the browser. Once you have registered and created your wallet and added ETH to it, you can use it.
On the other hand, Dapper is an extension and Android application. You need to download the application or use a browser extension to create an account and verify your email and phone number to use it.

Once you have an ETH balance in your account, you can go to the OpenSea website, and in the Account option, click Account Settings.

Next, you will be prompted that your wallet cannot be accessed. Here you need to give OpenSea access permissions to be able to send transaction requests to your wallet.

Select your wallet, then click Unlock your Wallet. You will be prompted to confirm access rights.

The next step requires you to sign and confirm that this is your account. After completing the above steps, you can buy!

Now we can go back to the OpenSea market to browse and select any collection you want to buy. For example, let’s buy the collecting cards in the game “Uninhibited by God”.

Then, you can place an order to purchase, or purchase at a specified price. Clicking on any of the options requires the purchase to be verified from your Metamask or Dapper account.

The purchase is now complete! You are now the owner of a proud collection!

Your transaction can be seen on Ethereum. You can use the card in the game, trade with other players, or even sell it for more ETH! To view the tokens on Metamask, you can first click Add token in the Settings tab. In the custom tab, add the required details (any message about the token), then you should be able to see your token in the wallet.

Because Dapper is designed for collectibles, it has a special display interface for collectibles, where you can view your items directly in the transaction.

Digital currency NFT for artists

If you are an artist and want to know if you can seize the opportunity to show your artwork to a wider audience, then you can achieve this through the OpenSea platform. Here we provide two methods, one is to create your own token and follow the above steps to make it available in the wallet. In this case, you can go to your account (My Account), My Items, and then click on the item you want to sell. In addition, you can also use it from the “Store Front” in the “Develop” tab in the upper left corner. Here you can create your own store and mint tokens and NFT yourself.

Once you have purchased NFT, you can naturally sell it at any time. You can choose your pricing method from the following options:

* Price Limit: Choose to sell at a fixed price level
* Maximum bid: select the highest bid to sell before the auction ends
* Bundled sale: optionally sold with other collectibles

When you have set the requirements according to your preferences, then you can confirm the transaction (no Gas fee!), and you are done now, your NFT is now sold on OpenSea pending orders.

What next?

Now that you have understood the great world of NFT and cryptocurrency artwork, I suggest that you continue to move forward and explore this market. Find an amazing piece of art and share the reason you like it in the comments below! If you are an artist, you can try to make a storefront or put your masterpiece at the auction and share the link with the community.

4 years ago

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