Here are some questions you might have. If you have other questions we'd be happy to answer them in our discord server .
NFTs, short for "Non-Fungible Tokens", are digital items that can be purchased and sold utilizing Blockchain technology on an online marketplace like Grabbit. It's not interchangeable because its non-fungible. With the recent advent of Blockchain across many industries, artists and investors have begun to look for methods to use it to transform the way paintings and other valuables are purchased and traded. NFT users can claim ownership of digital property in exchange for cryptocurrency, rather than visiting a physical store or gallery or even bidding at an auction on tangible items. In terms of data, NFTs can be anything. Images, videos, audio, text, and other forms of creative media are all acceptable. Each NFT is unique, with proven ownership, because it is stored on the blockchain.
An NFT has a number of critical aspects that enable it to work as well as it does. Here's a quick rundown of how an NFT works. A token is assigned to the product with a unique ID and metadata that can't be reproduced by any other token. After that, the token is created on a blockchain network. This is similar to the way real coins are made and distributed. The owner creates a smart-contract transaction using their public key. This is how you may prove that the NFT you have is genuine. That exact public key cryptography will only be encoded in the version made by the original inventor. A private key is used to execute or sign the smart contract. The transaction can now be run, deploying the NFT to the market, where interested fans can purchase it. While this may sound technical and difficult to understand, you don't need to know these details in order to transact/purchase and own your first NFT.
First, you will need to connect a wallet. If you aren't sure how to connect a wallet you can follow the steps in our guide. After your wallet is connected you can create an NFT from our minting page!
The first thing you will need to do is connect a wallet. If you aren't sure how to connect a wallet you can follow the steps in our guide. After your wallet is connected you can select an NFT to sell from your wallet.