Nft for Beginners: Learn the Basics of Investing in Digital Crypto Art and Collectibles to Make a Profit (2022 Guide for Newbies)

NFT GUIDE FOR BIGINNERS

Table of contents

Chapter 1: NFT (Non-Fungible Token)      8

Chapter 2: Cryptocurrency      10

The Evolution of Cryptocurrency      10

Card Readers      12

Flooz      12

Digicash      13

B-Money      13

PayPal      14

E-Gold      14

BitGold      15

Hash Money      15

What Exactly Is Blockchain?      16

Companies Using Blockchain Technology Right Now      18

IBM      18

Shell      19

Amazon Web Services (AWS)      19

Anthem      20

BMW      20

GE (General Electric)      21

JP Morgan & Co.      21

NASDAQ      22

Samsung      22

The United Nations      23

Blockchain's Disadvantages      24

Cost      24

Illegal Activities      24

Global Governance      25

Self-Maintenance      25

Why Do We Now Use Cryptocurrencies?      27

Money Transfers at Low Cost      27

Travel      27

Investments in Startups      28

Cryptocurrency Mining      29

Ethereum      30

NiceHash      30

Payment for Content      30

Chapter 2: Fractional Ownership      32

History      33

Property      34

Other Applications      35

Aircraft      35

Business Aviation: Jet Planes      36

Ownership of a Yacht/Boat      36

Vehicles for Recreation      38

Automobiles de Sport      38

Artwork      39

Chapter 3: What Are NFTs?      40

How Does It Operate?      42

Why is it so popular right now?      44

Is it just a fad?      45

What Exactly Is a Speculative Investment?      47

Save      47

Invest      47

Speculate      48

What Have Been the Most Expensive NFTs So Far?      50

Chapter 4: How NFTs Are Used      55

Property for sale      56

Worlds in Virtual Reality      58

Virtual Reality      59

Equipment      59

The Metaverse      60

Decentraland      61

Loans      62

NFT Varieties      62

Art      63

Articles      63

Music      64

Playing Cards      64

Sports      65

Video Games/Metaverse      65

Fashion      66

Domain Names      67

Film      67

Memes      68

Pornography      68

Academia      69

Tokens for Social Good      69

Chapter 5: How Are NFTs Created?      71

History and Key Ideas      72

Colored Bitcoin Coins      72

Quantum      72

CounterParty      73

Ethereum      75

The Problem of Carbon Emissions      75

Eco-friendly Ideas      77

Proof-of-Stake      78

Transactions in the Off-Chain      79

Chapter 6: Creating NFTs      80

How to Make a Living as a Crypto Artist      80

Using Physical Art to Create NFTs      82

Participating in a Community      83

How to Market Your Digital Art      85

Stories of Success      85

Blacksneakers      85

Choosing a Platform for a Marketplace      88

Fees for Gas      88

Popular Shopping Malls      89

Inventive Gateway      89

There are several ways to make a purchase:      91

Market of Myths      96

Mintable      96

Making an NFT      97

Make a MetaMask wallet.      97

Make an Account      98

Creating the NFT      98

Putting the NFT on the Market      101

The NFT's Post-Sale Experience      102

Chapter 7: NFT Trading      103

Purchasing Specific NFTs      104

•      To purchase NFTs, which NFT marketplace platform should I use?      104

What coin is required to purchase these NFTs?      104

Are the NFTs only accessible in a limited quantity?      105

The following are certain items that have high transactions and the markets where you should hunt for such items.      106

NFT Art Buying and Selling      112

Chapter 8: The Step-by-Step Guide to Creating NFTs and Making a Profit      114

Creating a Non-Tradable Trust (NTT) to Sell      115

Suggestions & Advice      116

Trends      116

Second-Hand Markets      116

Fees for Gas      117

Patience      117

Chapter 9: Investing Risks and Scams      118

How to Keep Yourself Safe and Secure      118

Internet Security      118

Authentication using Multiple Factors      119

Scams to Be Aware Of      119

NFT Data Storage      120

Faux NFTs      120

Sites of Phishing      122

Fraudulent Support      122

Giveaways      122

Trading in Washing Machines      123

Apps that impersonate Virtual Wallets      123

Chapter 10: The Pros and Cons of NFTs      124

Cons      124

Pros      126

In conclusion      129

Chapter 1: NFT (Non-Fungible Token)

N

FTs (non-fungible tokens) are popular and will remain so for some time. It's being discussed not only in cryptocurrency circles, but also in the press, on social media, and beyond!

It's a buzzword that has everyone wondering what it is and how it works. Most importantly, how they may benefit from it.

NFTs are a notion that might be perplexing to many people, especially those who are unfamiliar with cryptocurrencies. But once you've grasped it, your mind will be blown by how incredible this opportunity is and how vital it is for you to be a part of it.

Crypto art is a ten-year-old notion that was previously only available to early cryptocurrency users and investors. It was like insider information, to be shared and celebrated with like-minded people hoping for cryptocurrencies to transform the world.

But all of that is about to change. Since the cryptocurrency explosion, with Bitcoin at the forefront and showing no signs of abating anytime soon, the technology has grown, with NFTs taking center stage.

The COVID-19 pandemic aided with this; because many people worldwide were unable to leave their homes, they found themselves with extra money to spend, which they did: online. In a moment of uncertainty, the worldwide populace turned to technology for pleasure and solace.

With so many people online, a slew of bitcoin businesses based on NFTs have sprung up, with more on the way. Over $250 million in NFTs were traded in 2020, a 299 percent increase over the previous year, and this figure is expected to rise much further (Iredale, 2021). Everyone wants to be a part of it, from celebrities to local artists to everyone trying to make money through trading.

This is where you come in, and why it's critical to understand everything there is to know about NFTs before embarking on your trading path. This is a beginner's tutorial, but it will also be valuable for people who are already familiar with bitcoin and want to break into this new and exciting venture. It is crucial to understand that I am not a financial advisor and am not licensed to provide financial advice. This is simply a guide based on data received. My book covers the fundamentals of cryptocurrencies and Bitcoin, so no matter how much you already know, you'll have all you need to understand how it all works. The fundamentals of cryptocurrencies, as well as the concepts that will be repeated throughout the book, are critical.

It may appear perplexing at first, but I assure you that the material will stick with you and will help you master NFTs with ease. Now is the moment to learn more and become a part of history while also earning money!

Chapter 2: Cryptocurrency

M

odern cryptocurrency has existed since 2009 when Bitcoin was first made available to the general public. There are significantly more cryptocurrencies available now, not just Bitcoin, in 2021. The world of cryptocurrency is bigger than ever, with new countries joining all the time and various marketplaces for people to use all across the world.

Cryptocurrency has demonstrated that it is not just for technology enthusiasts or those looking to change the way the financial system works, but that anybody can and should be a part of it. Cryptocurrency is here to stay, as are technological