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A token is the equal of security within the digital world. Many tokens are interchangeable, like $a hundred notes. They can be used as currency.  
  
There are also half-interchangeable tokens. They're comparable to each other but have their own unique feature. An instance is cinema tickets. Their worth is identical, however the seats within the cinema are indicated differently.  
  
Another type of token is non-interchangeable tokens or NFTs.  
  
In broader phrases, NFT is a technology that permits you to secure ownership of any digital artwork object: digital artwork, a music album, a tweet with good jokes, virtual cats, animated stickers, your own game universes, domains, digital land and real estate for big sums of money. That said, each NFT token is unique. It can't be reproduced.  
  
By the way, the final record sale of NFT tokens was in March 2021. At the moment, the NFT-linked JPG file of artist Mike Winkelmann, Beeple’s On a regular basis: The First 5000 Days, sold for 69.three million.  
  
How did it all begin?  
In 2014, the world’s first non-interchangeable token was created by artist Kevin McCoy together with programmer Anil Dash. It was a singular and indivisible coin that could not be replicated.  
  
The truth is, each graphic image of a face was linked to a chunk of computer code within the blockchain platform. That's, it had a singular token the place information in regards to the owner of the image was stored. And while anybody may download the picture, the owner was the person whose Ethereum wallet was listed in the picture NFT.  
  
You may ask: what is the point of owning an image that anybody can download from the Internet, print or send to anybody? You'll be able to understand this by looking at artworkworks in museums.  
  
Let’s take a look at the "Mona Lisa" by Leonardo da Vinci.  
  
Anyone can purchase a reproduction of "Gioconda" and dangle it of their room. But there may be an original which is kept within the Louvre. It has an owner. And the more common the painting, the more of its replicas are created, the more usually it is replicated, and the higher the price of the original. And the more the owner wins.  
  
By the way, the worth of this particular picture ranges from 850 to 2.5 billion U.S. dollars. In this case, the insured value, according to records in the registers of the Louvre, is 100 million euros. Not loads?  
  
The situation is much like NFT tokens. Digital and virtual objects may also be valuable, uncommon and trendy. They could well change into a collector’s item and an amazing investment. The same applies to gaming: gamers can collect virtual artefacts from different games and trade them for something valuable, too.  
  
Who sells and buys NFTs?  
Anybody can sell and buy digital artwork and different objects. But when the hype started, and the demand for NFT tokens elevated, big players — world-well-known galleries, public sale houses, production companies and particular person museums — stepped in to purchase and sell.  
  
  
As you may see, NFT tokens are constantly attracting new players to the market: sellers and buyers.  
  
All in all, anybody can monetize their creativity. Plus, in some cases, it is profitable to spend money on little-known authors to sell their work at a higher price over time. However to take action, it is advisable grow to be an skilled and understand the trends.  
  
How do I buy another person’s work with NFT or tokenize my own?  
First, it's good to register a wallet with ETN (Ethereum) currency on any of the crypto exchanges Binance, Coinbase, BitPanda and others. They allow you to exchange common cash for cryptocurrency. Newcomers are normally advised to make use of the Coinbase wallet for security reasons. As soon as it’s set up with two-step verification, you can trade native money for Ethereum and make purchases.  
  
To tokenize the work, you need to use the main marketplaces Rarible or OpenSea, NiftyGateway or Foundation. Every of the marketplaces has detailed directions on how to put an NFT token up on the market or buy ownership. By the way, you'll be able to’t do without registering a wallet here as well because the marketplaces cost a fee on sales.  
  
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