What the hell are NFTs? (NFTs for Dummies)

What are NFTs? We didn't know either. So we decided to learn all about NFTs and teach you how to create them, sell them and market them.

So let's start with the basics:

Q: What does NFT stand for?

A: Non-fungible token

Q: What are NFTs?

A: Non-fungible tokens (NFTs) are unique digital assets that contain a digital signature to ensure authenticity and cannot be replicated. NFTs can come in the form of images, videos, music or any other digital medium. Think of NFTs as paintings hanging in a gallery or sculptures in a garden. It's the world of fine arts, but in the digital realm.

Q: Why are there so many monkeys?

A: You may associate the world of NFTs with cartoon monkeys or pixelated animals. Some of the most popular and most expensive NFTs are from the Bored Ape Yacht Club. These NFTs have been sold for over $24 million! And owners of the NFTs become members of an exclusive digital "yacht club" that provides access to the BATHROOM, a virtual, collective graffiti board. But more on this later, this will be another blog.

Q: Can NFTs make me money?

A: Probably. We're going to test it out. Follow this blog and our socials on the journey of creating our very own NFT!

Q: Have you made an NFT before?

A: No, we are embarking on a learning journey with you. We aim to be honest and transparent about our process, do lots of research, and pass off the learnings to you (for free!).

At createurnft, we are on a journey to create, mint, sell and buy NFTs and are sharing what we learn along the way. This is not financial advice, please take the time to verify our information before making any financial decisions.