Transcripts
1. NFT Masterclass Introduction: Hi, I'm Mark from
the success Bulara. I've been working in media and digital asset management
for over 10 years. And I've created and multimedia
for clients such as MTV, Cambridge University, Sony, the British Home Office,
and many more. In this class, you will learn
everything that you need to know to get started
in the world of LFTs. This class is for anyone who is interested in this new and
exciting digital assets. And no previous experience or advanced technical
knowledge is required. By taking this class, you will learn exactly
what an FTEs are, how you can create them, how to buy them, sell them, and invest in them. Full profit. In our class project, you'll be creating
your very own NFT, listing it on an NFT marketplace and promoting it
on social media. Let's get started and I'll
see you in the first lesson.
2. What Are NFTs: Hello and welcome to
the LFTs masterclass. Let's get the basics
out of the way. Throughout this course,
we're going to refer to a non-fungible token as an NFT. So what does non-fungible
token actually mean? A simpler way to
interpret it would be non replaceable asset. It's an original
thing that belongs to someone outright. It's an asset. The emergence and
interest in activities has been rapid over
the last few years. There seems to be
an endless desire to acquire these digital assets. And people are prepared to pay crazy prices to take
ownership of them. In 2021, people sold is
second NFT artwork at Christie's auction house
for $28.9 million. Human one depicts an
astronaut like figure walking in an almost seven
foot high translucent box. Described as the first portrait of a human born in the metal. Versus what's interesting
about this piece is that it's a physical artwork in a digital form that
is tied to an NFT. Not NFT gives sole ownership
to the buyer and the artwork will be updated and changed
throughout the artist's life. The artwork rooms on
Ethereum blockchain allowing people to update
and change their work. Is this the dawn of
a new age in art, a new age in service
delivery or shopping. Maybe it's the dawn of
something much bigger. There is some speculation
as to whether the NFT bubble will soon burst. Personally, I believe that
the NFT space is still in its infancy and will become an integrated part of
our lives in the future. What is for certain is that the technology
behind LFTs is being adopted rapidly across
all industries, systems, and societies. If the blockchain becomes a
mainstay than NFT will be an integral parts or features of that system with the
multiverse on the horizon, now is the perfect time to
learn and profit from NFT. So let's look a
little closer at what LFTs are outside of that
three-word definition. A unique digital asset. An NFT, is a unique
digital asset that is a representation of
an object in the real world. One of the most common types
of LFTs is digital art. But FTEs are not
limited to this. People buy and sell LFTs
online and they usually use cryptocurrency like a
theorem or Bitcoin to do this. And if teas have actually
been around since 2017, people have spent
over $170 million on the purchase of FFTs. When we say that an
FTEs are unique, this is not always the case. It is possible to have a
limited room of the same NFT. Each of these will have
its own digital code, which is where the
uniqueness comes in. An NFT is a unique
digital asset that cannot be directly replaced
with another asset. This explains the non-fungible
aspect of its name. In contrast, a fungible token can be replaced by another
that is identical to it. Cryptocurrencies
such as Ethereum, bitcoin, and litecoin
are all fungible. Think about fiat currency, $1 bills all have unique
serial numbers on them, but it is easy to replace a
$1 bill with another $1 bill. You cannot copy an NFT. Most digital files can be
copied and are not unique. And FTEs are associated
with blockchain technology. The vast majority of LFTs
are available through the blockchain network that supports the Ethereum
cryptocurrency. This is because the ethos is the most traded of all of
the cryptocurrencies. It is possible
that they could be found on other
blockchain networks. Blockchain is a distributed ledger technology used online. It's a lot more secure than conventional client-server
technology that is used a lot. It is virtually
impossible to hack a blockchain network
and steal anything. Each element of the
blockchain is unique. This is why crypto-currencies
of very safe. They're all unique
identifiers in each chain, and all of the chains
are linked together. You cannot change a record
on a blockchain network. Once you are designated
the owner of something, it stays that way until you decide to pass on the ownership. There are public and private encryption keys
used in blockchain. Unless you have the private
key of the owner of an asset, there is no way that you
can take it from them. Blockchain is now being deployed in many
different industries, including finance and FTEs
are not cryptocurrencies. They use the same
underlying technology. They have a completely
different use case. If you want to invest
in cryptocurrencies, you can purchase
several of them. You cannot do this within FTEs. Cryptocurrencies are
fungible assets. It's possible to hold more than one unit of
ether, for example. The reason that people make this wrong assumption
is probably because cryptocurrencies and an FTEs require
blockchain technology. But this is where
the similarity ends. Although each Bitcoin has
unique characteristics, you can certainly ONE
more than one of them. And FTEs are not just about alt. An NFT is minted or created from digital objects
that can represent either tangible or
intangible objects. There has been lots of
media coverage about NFT, all selling for very
high prices recently. Well, they are all the
things that an NFT convey, including images such
as gifs and jpegs, videos and video clips,
virtual avatars, skins for video games, collectibles, designer
items like sneakers, music, real estate, even a tweet on the Twitter
network can be an NFT. You may have heard that Twitter CEO and
co-founder Jack Dorsey created an NFT of his first ever tweet on
the Twitter network. And he sold this for
over $2.9 million. Or the best ways to think
about LFTs is that they are similar to physical
collectors items, but in digital format. Rather than take ownership of a physical painting that
you can hang on your wall, you will own a unique
digital file instead. Another good example of an
NFA is a domain name that can only be worn owner of
google.com, for example. All domain names
have to be unique. So you can classify
them as a type of NFT, only one owner at a time. When you purchase an inactive, you will have exclusive
ownership rights to it. It is only possible for an NFT to have one
owner at a time. Each NFT has its own unique
data associated with it. This makes ownership
verification and the transference of ownership
very easy to track. When someone creates an NFT, they can include
specific information inside the digital file. For example, if you
are an artist and have created an NFT for
a piece of your work. You can add your
signature to the NFT digitally using the
associated metadata. And FTEs can be very valuable. Mike Winckelmann,
also known as people, as previously mentioned, made a composite of 5 thousand
of his daily drawings. He created this as
an NFT and called it every day is the
first 5000 days. This sold at Christie's
for an incredible sum of $69.3 million, which
is a new record. Ownership is the reason that
some LFTs are so valuable. If you want to see people's
first 5000 daily drawings, you can look at these
online for free. So why would you want to
spend millions by illness? The simple reason
is that there can only be one owner of this NFT. In the next video, we'll
discuss how NFT is work.
3. How NFTs Work: Now you know what an NFT is. It's important that
you know how it works. If you want to profit from LFTs, it's always a good idea to have a good grounding
in how they work. I'll try to keep this video as free from technical
jargon as possible. But there are some
technical elements that are fundamental to the
way the LFTs work. Public and private keys. You learned in the first video. The LFTs are tied to
a blockchain network. Usually an FTEs are traded on the Ethereum network in order
for an NFT to be secure, it relies on cryptography. This means that the
digital file is modified in such
a way that it can only be understood by the intended recipients
to everyone else. They will just look like a
random sequence of characters. In order to create
this cryptography and manipulate the
digital file properly. There has to be two keys used. These are known as
public and private keys. When you use a
blockchain network, you will have a public key which you can share with anyone. A person uses your public
key to encrypt their message so that it becomes
a random sequence of unintelligible characters. The only way that you can
unlock the encryption on the message is to
use your private key. This will enable a
mathematical calculation to be performed which
decrypts the message or file so that you can read it. Using both public
and private keys, enables unique digital
signatures to be created. And this is used in the
blockchain network to ensure that all transactions are secure,
authentic, and anonymous. Block chain and LFTs, it is essential to use blockchain technology
to create an FTEs. Blockchain uses cryptography to make chains from
the blocks of data, and this grows into a list
of authentic records. Every block in the blockchain is linked to the
previous block by a crypto string of characters called a
cryptographic hash. This means that the
user can identify unique datasets
within the blocks. A special data structure
called a Merkle tree is used to provide fast retrieval of records in the blockchain. All uses of a blockchain
network must create their public and private
keys in order to access it. A blockchain network
can be used to support both fungible and
non-fungible digital assets. The use of blockchain
means that it is provable that an NFT
asset is unique. Creators of NFT
is able to create a unique digital artifact and store it as a token on
the blockchain network. Transfers through
crypto wallets. If you want to purchase an NFT, you need a crypto wallet
setup to receive it. Wallets can be
online or offline. Trading fiat currency, such as the US dollar for
a cryptocurrency, such as a theorem, takes place using
a crypto wallet. The exchange platform
can provide you with a free crypto wallet or you can make your own
arrangements to obtain one. For example, I'm here on Coinbase and you can see that I've bought
him a theorem here. And Coinbase is automatically
created me a wallet. I can keep their
theorem in this wallet, or I can transfer it
to another wallet, whether that's
online or offline. And later on in this course, I'm gonna be showing
you how I'm going to transfer this a theory them into another
wallet called MetaMask, which is the wallet
that we'll be using. We meant our first NFT, more about that later on. When payment for the NFT
is received by the owner, they can release the token
to your crypto wallet. Once you are in possession
of the NFT token, it proves that you
now own the original. This doesn't stop others having a digital copy of your
newly acquired NFT. But these can never be
proven to be the original. Only you can prove that your private crypto key
is your proof of ownership. The public key of the
NFT original creator acts as a certificate
of authenticity. This combination of the original
creators public key and the new owners private key determines the value of any NFT. And FTEs started in 2017 with
the crypto kitties game. This is a popular game
that allows players to purchase am breed virtual cats. This sparked an increase in the use of NFT is
by game developers. And they use them to enable
other game players to win in game items such as digital swords and shields
and other collectibles. Tokenization of these in-game assets was really significant. It meant that it was possible to transfer digital assets between different games and to
other players using FFTs. Of course, this
needs to happen on a specialized
blockchain network. Reduction of carbon footprint. And unfortunate aspect of blockchain networks that support cryptocurrencies and LFTs is the carbon footprint
that is created through the energy consumption it takes to keep them going. This is to ensure the security
of a blockchain network. A number of special computers
called miners are used in competition with each other to solve complex
mathematical puzzles. These miners are essential as it prevents others from
rigging the system. The miner that solves the
complex puzzle first is rewarded with an amount
of cryptocurrency coins. To solve these complex puzzles requires significant
computing power, which in turn
requires more energy. Things are changing with the Ethereum blockchain
network and others. To make the design
of the network require less
computational power. There are also new blockchain
networks emerging that have a small carbon footprint,
such as Cardano. They have their own NFT
platform that is growing in popularity known
as Cardano kids. It's important for you to know about these carbon
footprint issues. Are they all going to
have a significant impact on the future of the NFT market. There are already some
artists that refused to create an FTEs
because of this issue. Things need to improve
fast and they are. In the next video, we'll discuss
the benefits of an FTEs.
4. Benefits of NFTs: Now that you know what LFTs
are and how they work, It's time to explore the
benefits that they provide. It's essential that you are
aware of the advantages of LFTs so that you can decide which strategy
is right for you. We've already discussed the
major features of LFTs. As a reminder, these
are uniqueness, indivisibility, rarity,
transparency, provenance. By understanding the
significant benefits provided by an FTEs, it will help you to
grasp the potential of them now and in the future. One decentralized market. When you create Ansel and FTEs, you can easily cut
out the middleman. The best way to explain this
is to use art as an example. It has been the convention
for many years for an artist to hire an agent to
promote and sell that work. If an artist creates an NFT, there is no need
for them to hire an agent or any other middleman. As the creator of the artwork, you can interact
directly with the people that are interested in
your work using FFTs. When a customer wants to purchase the work
of art from you, they can do this instantly by creating a
transaction with you. In addition to this, the creators of LFTs can settle things so
that they can earn a commission each time one of their digital assets changes
hands to a new owner. A number of people
are already doing this and making
good money from it. It's a great way to build passive income to
proof of ownership. Another major benefit of LFTs is that they
provide proof of ownership because they are associated with
blockchain networks. And FTEs help in
the association of ownership with an
individual account. Most importantly, an
NFT is indivisible, which means that you
cannot distribute it among a number of
different owners. Well, fortunately, there
are already concerns about fake and FTEs
hitting the market. With the ownership
capabilities of NFT, these borrowers should
always be safe from this. When you think about it, you could take a
digital picture of the Mona Lisa and then sell this for a price or even
give it away for free. But savvy buyers will ask you to prove that you own
the original asset, which of course, you
won't be able to do. If you're a creator of an NFT, it will prove that you are
the owner of the original, which means that it
will be valuable. Ftes offer an efficient way to prove ownership of an asset, which is lot faster and more convenient than
conventional methods. As the owner of an NFT, you can transfer it to
someone else due to the flexibility of the
blockchain technology. This means the above can take ownership in a faster
and more efficient way. Three and F t's
provide authenticity when an NFT is
created, it's unique. This is due to the
fact that it's created on a blockchain network. Being able to quickly
establish authenticity is one of the major
advantages of NF tes. If an NFT creator wants to allow more than one to be distributed, they can issue a
small number of them. Each of these will have a uniqueness to prove
their authenticity. For an FTEs are immutable. Thanks to blockchain technology, any token created
includes metadata, and this can never be
changed by anyone. This data cannot be deleted or misplaced from
the block chain, meaning that all the
essential information about an NFT will
remain forever. Immutability is one of
the key reasons that LFTs are considered
to be so valuable. Five, it's easy to trade. Nf tes is easy for an NFT to be transferred
on its blockchain network. You can trade NFT is freely on certain markets and
there is usually a wide range of trading
options available. Trading LFTs is something that is very popular in
the gaming market. Gain creators can have
in-game items available as LFTs that players can buy to improve their overall
gaming experience. Any in-game NFT can only be used in that specific
game environment, and they cannot be
used elsewhere. An NFT uses the principle
of smart contracts. This helps to make
the transference of enacting a lot easier. The buyer and the seller of
the NFA just need to meet certain conditions specified
by the smart contract. And the transfer of ownership
can happen very quickly. Six, retention of copyright. The retention of
copyright is often viewed one of the most significant
benefits provided by an FTEs. When a content creator or
an artist creates an NFT, they are able to
retain full copyright. You will not find this in the majority of
licensing agreements. What does this mean
for an NFT creator? While enables them
to still generate revenue as they are not
giving up their copyrights. Seven, and FTEs are secure. As LFTs are always associated
with a blockchain network, you can always be assured
of their security. A blockchain network
is decentralized, which means that all of the data is not
stored in one place. Instead, blockchain data is hosted in different nodes across the globe at each one of the different nodes that store data for a blockchain network, there is always an
identical record of the database maintained. This means that if a block chain network
should fail for any reason, there will always be a
record of an NFT somewhere. In fact, it doesn't matter what happens to the
blockchain network, because there will always be nodes running at
the end of the day. Nothing can really
happen to NFT data. This means that it
should always be secure. Height, and FTEs create a
new economic opportunity. Selling your digital assets with recognized platforms
means that you will lose some of your earnings
to that platform. A lot of content
creators, cnf, teas, as a way to safeguard
their earnings and the opening up of a new
economic opportunity. If you wanted to sell
your digital art on a social platform,
for example, a slightly that you
would have to invest in ads from that network
to achieve this. While social media ads can
certainly helped to create the necessary exposure for
digital content creator. The cost will eat
into their profits. And FTEs certainly have
the ability to create a new digital creator economy where all of the phones
go to the creators. With an NFT, the
ownership of content is integrated as copyright
can be protected, original creators
can benefit from royalty payments each time
an octet changes hands. Nine. And FTEs can
support inclusive growth. As LFTs can bring various content creators
into a single ecosystem, they can provide
new channels for inclusive growth for
all that participate. And an FTA creator can
realize the true value of the asset by interacting
with buys directly. The buyers of NFT is also have the flexibility of liquidity
with their purchases. And FTEs can be created
for precious metals, which would ensure liquidity. And NFT can also represent the share of
a real estate property. And this is lightly
to stimulate growth. A real estate agent
could create an NFT which has fractional
ownership of assets. This will allow
multiple investors to have a stake in
a single property. One of the major contributors to growth is the concept
of royalties for the original creators with many different use cases
for NFT is emerging. This is also likely
to be a drive off a significant
inclusive growth. In the next video, we'll discuss how you
can create an FTEs.
5. How To Create NFTs: This video is all about
creating your own and FTA's. A lot of people
think that this is a very complex process which requires coding knowledge
and other scales. As you'll discover, this
is not the case at all. We're going to use
the example of art for the creation of an NFT. Of course, this is
not the only type of NFT that you can create, but this process is
likely to be the same for any type of digital asset that you want to
turn into an NFT. Choose your marketplace
for your NFT. You will need to choose a
marketplace to create your NFT. We'll discuss NFT
marketplace is in a bit more detail
in the next video, things are changing
all the time. But at this moment, the largest NFT marketplace
is open sea to Io. It's important that you choose the right marketplace for
your creation of your NFT. And we will definitely cover
this more in the next video. For now, we'll
assume that you have selected your marketplace and
created an account there. We're going to use
the open sea platform to demonstrate the
creation of an NFA. In this video, to set
up a crypto wallet. You will lead a crypto wallet, sometimes referred to
as a digital wallet, to store your LFTs and
your cryptocurrencies. You'll also need
some cryptocurrency, such as ether when you
are setting up your LFTs. A lot of LFTs are created
using the theorem blockchain. So it will certainly
help if you have some ether cryptocurrency
available. There is a gas fee that you need to pay in order to use
a theorem blockchain. It's a transaction fee
payable before you create an NFT on the
Ethereum blockchain. There are free crypto
wallets available. The open sea
marketplace recommends that you use the
MetaMask crypto wallet. So all we need to do is
head over to open C dot. So selves in account, and then we want to
install MetaMask. Now it does give other options here for different wallets. Even though I have
a Coinbase wallet, we're going to go with
MetaMask because that's the most common one
used with open C. And then once we've
downloaded MetaMask, we can install it as a
Chrome browser extension, which I've already done. And then we can set to MetaMask. So the only thing
left to do is to copy our account number so that we can send
ether to this account. And now I've just had a buck
onto my Coinbase account. I'm going to send
some ether from coinbase to the new
MetaMask wallet. So I'm just gonna go
to send and receive. And we want to send a theorem. And I have 18
pounds, 54 in that. I didn't need to send a little
amount for this example. So I'm going to send
five pounds and paste in the address
to my MetaMask wallet. Click Continue seven now. And then they're
going to send me an SMS verification number. And it says five pounds has been sent to my master mosque. And it takes around
10 minutes to a pay. Now to link all MetaMask wallet would just click on MetaMask, will get this pop-up box here. And he says connect with
mathematics mask and we can see all our counter
them with that. Click Next and connect sign. That's now connected. And if you click Create, you'll be taken to a page
that looks like this. And now we can make
our first NFT. Choose your item to
convert into an NFT. You need to know
what artwork you're going to create your NFT around. An NFT can be a representation
of any digital file. We're using the example of a piece of digital artwork here. But you'll NFT could also be textContent video music, etc. At the end of the day, literally anything can be produced as a multimedia file that
you can turn into an NFT. Remember that the concept
behind LFTs is to turn digital assets into unique
pieces that have a value. I'm going to use JPEG all works. I want to click on this
artwork icon here. And then a drop-down
box will appear so we can find the file and load it. So if I go into pictures, and it's this boss
crop image here. So that's my JPEG. And now we want
to name the item. I'm gonna put boss
croc another day. The Office. You can also put
an external link to your website. So
I'm gonna do that. And then you want to give it a really catchy description or describe the NFT project
and what it's all about. Down here we have
some extra features. I'm not going to add any
of these for my image, but you can add things
like properties, levels. So it could be sort of like three of six limited
editions starts. And you can also add on lockable content so that
once the owner buys the NFT, that can get some surprise
gifts that you can send them. Supply level is the number
of copies that are going to be minted at the minute
it's still got warm. But open sea said that
it's going to be adding extra feature so you
can increase that soon. The blockchain
network is a theorem. There is the option
to go with polygon, then all we have to
do is press Create. Says you just created both crop another day at the
office and you can, you can share this
if you want to. So all we've done so far
is upload our artwork. I'm description to open C. We've not listed
it for sale yet, and that's when the gas
phase will kick in. So if you click on cell, you can then decide
whether it's going to be a time Dogen or a fixed price. For this example, I'm gonna
put a fixed price and we'll put 0.25 ethos, which is roughly
$760 at the moment, is a fixed price and
it's going to be listed for six months. We can change that to
whatever range we won't. We'll leave it at that for now. Press complete listing. And then it's going to
initialize our wallets. And it's going to
tell us how much the gas phase are on this. So at the moment, the
gas phase or $329, which is really high, it's always best to check at
different times of the day because the gas phase
can go open down. It will depends on
how many transactions are happening at one time. So what's the typical
gas Fe that you need to pay with the theorem
blockchain network. Usually this is going
to be somewhere between the region of $15 to $250. So you need to
ensure that you have the equivalent ether funds to pay for this in
your crypto wallet. Once we've got a gas
fade that we're happy to pay and we've got enough
funds in the wallet, we can pay that gas-phase
your LFTR to more than need approval from open C and then it'll be
confirmed as a listing. The final step is to select the payment tokens that you prefer to accept for your NFT. In addition to this,
you can choose the percentage of royalty that you will receive with any future transference
of NFT ownership.
6. NFT Marketplaces: Selling your NFT is on the right marketplace
is very important. In this video, we'll
discuss some of the most popular and best
platforms that you can use to create your LFTs
and list them for sale. It's important that
you understand what each marketplace can offer you before you make
the final decision. Self-service and
curated platforms. The first thing that you need
to know is that there are two types of NFT platforms
that you can choose from. Self-service NFT marketplace. When you use a self-service
NFT marketplace, you'll be able to
create any type of NFT. This means that
your NFT could be an image file like a JPEG, PNG, GIF, a video files, which is an MP4 or an audio file or any other
type of digital file. Another advantage of using a self-service NFT
marketplace platform is that you will usually have the ability to create royalties. This is a percentage that is
applied when the original purchaser of your NFT
transfers it to another buyer. Curated NFT marketplace. With a curated NFT marketplace, Only artists that
are authorized to create or mint and
FTEs can use it. In general, you'll find
digital art and FTEs of the highest quality
on curated marketplaces, rather than simpler and
lower quality collectibles. Requirements for
NFT marketplace is all NFT marketplaces will require that you have
a crypto wallet setup, some cryptocurrency
in your wallet, and the user accounts
with the platform. You need a crypto
wallet so that you can store your LFTs and also to pay any listing fees to blockchain
networks, et cetera. Most NFT marketplace is offer free accounts where you
can create your tokens. And FT marketplaces work with different
blockchain networks. You need to check
which blockchain network options exist
with an NFT marketplace. As the Ethereum
blockchain network is by far the most popular
for listing and FFTs. You should find that
most marketplaces provide support for this. Some NFT marketplaces will support emerge in blockchain
networks as well. Not all blockchain networks
are interoperable. So our closed such as flow, unless you're looking
to do something special other than
digital art and FTEs, I recommend that you use the
Ethereum blockchain network. Open say, I mentioned open
say in the last video. They claim to be the largest
of the NFT marketplace. And I've got no
reason to doubtless, I'll open say you'll see
different types of LFTs, such as digital art,
domain names, spores, items, trading cards, virtual
worlds, collectibles. When you're a
member of open sea, you'll be able to buy, sell, and find exclusive
entities such as axes, crypto kitties are more, there are more than 700
product categories on open sea for those mentioned
and for other items, such as a theory of
Name Service, ANS. There is a minting tool
available with open see that you can use to create collections
and individual and FTEs. This is free and
you do not need to know a single line
of code to use it. Once you have created your LFTs, you can sell them
at a fixed price. All create an auction for
them on Open see, wearable. Wearable is another self-service NFT marketplace like open see, this NFT marketplace
is community owned. The members of the
community can hold the ERC 20, rarely token. The referable platform rewards
members with this token if they are active on the marketplace with
buying and selling. Each week, there are around 75000 array array distributed. While the main focus of
wearable is digital lot, they will allow members to
mint and FTEs of movie files, books, music, and more. It's possible for NFT creators
on referable to include sneak peeks of that listed and FTEs to anyone
on the platform. The full and empty project will only be viewable
by the purchaser. In the wearable Marketplace, you'll see the
daily top sellers. And it's possible to
have your LFTs at the top of the page to make
it easy to attract buyers. You'll pay a small minting Fe to create your LFTs on wearable. You can charge as high as 30 percent royalties with
this marketplace, memtable. Another famous self-service
NFT marketplace is memtable. Here, a user can trade art, photographs, music in
game assets, and more. Miscible is unique in that it offers a gas atlas
minting option. There are three different
auction types with mental which are one time the option to traditional old
chin three diet now option memtable is a theory and based and payments can
only be made using ether. There is a 5% royalty facility
for NFT creators to earn commissions when the
original buyer transfers ownership to another
person. Nifty gateway. People have mixed feelings about nifty gateway marketplace
in the NFT world. It's different to all the other NFT marketplace is because it allows users to make
payments with credit cards. There's no need
for a user to have a MetaMask or crypto wallet. The aim of nifty gateway is to make entities
available to everyone by bringing in centralized process to decentralized processes. One of the reasons that
people love NFC so much is because of
the decentralization. As a result, nifty gateway is not a real popular
NFT marketplace. Super super is probably the most well-known
curated NFT marketplace. The aim of super
rare is to provide their members with
one of a kind, rack and limited
edition. This a lot. You need to be approved
by a super rare to mint and list your digital art
and FTEs on their platform. There is a lots of praise for the super rare marketplace among NFT traders
across the globe. They really liked the fact that the marketplace regulates
who can list and FTEs in an effort to ensure the only assets of the highest
quality are available. Foundation. The aim of the foundation
NFT marketplace is to bring together
an FTE creators, collectors, and crypto natives together in one
special Community. Foundation, wants to
move the culture of LFTs forward and claims that it
is the new creative economy. This marketplace only has
focus for digital art. This is another
curated platform. All members have to
create profiles which are verified by the management
of the foundation platform. It's one of the fastest
growing NFT marketplaces and its monetary turnover is
increasing all the time. When you meant to your LFTs
on foundation and list them, you'll receive a
10 percent royalty on all secondary sales. Quartz, a few NFC investors use the foundation platform to
find new opportunities. They purchase lactase and then sell them for
a higher price. Niche, NFT marketplaces. There are a number
of marketplaces that cater for niche and FTEs, such as digital fantasy football calls on virtual world avatars. A lot of new niche
NFT marketplaces or emerging all the time to
meet the growing demand. The most established players for NFC niches are axial infinity. This marketplace hosts
NFT cartoon characters for the popular
axi infinity game. This game allows players
to battle, breed, and trade that digital paths, which are called axes. There are some people that make their living playing this game. And BIA top chart. This is a closed niche NFT
marketplace that uses flow. Here, uses can sell and
buy collectible cards, which featured videos of some of the most memorable NBA Moments. So rare with the so
rad niche marketplace uses can trade virtual calls that represent football players. So rare is a fantasy
football game that is played all over
the world, valuables. This niche NFT marketplace specializes in the tokenization
of Twitter tweets. It is the platform that Twitter CEO Jack Dorsey used to sell his first
tweet as an NFT, the central and there
is a niche market place available for users to
trade in-game items, such as wearables
and virtual land. In the next video will be skills proven tips for
selling your FFTs.
7. Sell Your NFTs: If you just meant your LFTs
and list them on open C, then you will generate
some interest in your digital assets. But I recommend that you do a lot more than that to promote your LFTs and more aggressively so that you can make
more sales faster. In this video, I'll
provide you with some proven techniques for effectively promoting
your own FTEs. Why is your NFT unique? You will generate
more interest in your NFT if you can explain to your audience what
makes it so special and unique by their very nature. And FTEs are unique. What you will get better results if you help the collector understand what makes your
NFT stand out from the crowd. There is a lot of
debate going on at the moment about whether it's
a good idea to invest in, in FTEs or not. If you're NFT does not appear to provide
anything special, then it's going to be much
more difficult to sell it. And FTEs that are
really special will always be perceived as
being the most valuable. So get your creative juices flowing to describe your LFTs. Use Twitter to promote an FTEs. Instagram would seem to be the natural place to
promote your LFTs. And this is fine. If you have more than 10000
followers on the platform, only then can you
insert a link to your LFTs in your Instagram
posts with Twitter, you can post a link to your LFTs in every tweet that you create. Your job is to grab
the attention of collectors and let them know
about your NFT options. You could create your
own website with all of your NFT origin
links on it and add an external link in
your Instagram bio. But this is unlikely to be as effective as direct
linking in tweets. One of the benefits of using
Twitter is that you are able to share a number of
images at the same time. But combining compelling
texts with your images, you can create the right impact
with a series of tweets. Many artists now use Twitter to showcase their NFT offerings. It use other social
media platforms. I'm not suggesting that
you should never use Instagram for
showcasing your LFTs. It's recommended that
you use this platform as it is well-known for
being a visual medium. The same goes for Pinterest. Facebook is another
social media platform that you can use for
promoting your LFTs. In fact, anywhere where
you have a following, however small, it can be utilized for
promoting your LFTs. Always remember that
you can grow your following on these
platforms in the future. Use the correct hashtags. Whenever you are posting about your NFT items on social media, you need to ensure that you
use the correct hashtags. Bear in mind that
there are millions of posts on social media
happening at the same time, a lot of social
media users will use hashtags to find what
they're looking for. They're all collectors,
investors and other artists on social
media platforms that are looking for good and
FTEs are researched the most commonly used
hashtags on social media for LFTs and found these to be
an FTE and FTA art and FTEs. And FT artist and FT photography and FT
community and FT collector, and FT animation and FT video. Crypto ought, crypto
artist, digital art. I recommend that you
use these hashtags in your profiles and posts on various social
media platforms. Use Discord forums. If you are unfamiliar
with Discord. It's a social media
platform where users can create their own chat rooms
for different purposes. A lot of NFT curators
and collectors, and now using the
Discord platform, and it's something that you
definitely want to check out. There are other good
features on Discord, apart from the creation of
chat rooms and chatting, you can still unshare
images and documents. For example, a lot of crypto galleries have their
own chat rooms on discord. And you can join these so that you can showcase your NFP days. For some of the discord groups, you'll need an invite
from other users to join. There are some rooms on Discord where major collectors hang out. Some of these are legendary
in the world of crypto OT. If you get an invite to
these collective groups, then you will be
considered as an elite and FTIR test applied
to NFT hunters. And FT hunters send out a
list of the top and FTEs to many subscribers via email or using the telegram messenger. They actively seek out
and FTA artists that have the highest quality
tokens available so they can include them in
their weekly newsletter. Sometimes NFT hunters will send out a breaking
news message to their subscribers about a
sudden NFT trend in the market. It's in your interests to pitch your NFT collections to
the NFT hunters team. You can do this by
sending them an email. The potential for making sales
of your LFTs is enormous. If you get the attention
of NFT hunters, promote your NFT is on Reddit. You've probably already
heard of Reddit. It's a series of
different communities where users can vote for
content that they like. If a post on reddit
obtains a lot of votes, it ranks higher on the platform. More Reddit users will see a post as a higher
number of votes. There are subreddit
devoted to crypto art. You can use these as well as other artist community threats
to showcase your LFTs. The largest Reddit for crypto, ALT has almost 8 million users. That is a very large audience
that you can't ignore. Share your story. And lots of NFT creators have experienced a high
level of success. But sharing their backstory
and not just their tokens. You have the opportunity
to do this on social platforms
as well as others. Here, you can tell the story of why you created a
particular NFT. For example. A lot of collectors of very interested in knowing
the backstory behind different and FTEs list your LFTs on the
right marketplace. In the last video, we discussed the different
marketplaces that are available for the creation
and listing of LFTs. It's vital that you choose the right marketplace
to showcase your FTEs. If all of your LFTs
are going to be high-quality digital art than open sea might not be the
best marketplace to use. While open sea certainly has the most visitors of all
the NFT marketplace is, it is a self-service platform where virtually anything goes. You may find that the collectors
that you want to connect with hangout at
repairable, for example, you need to do your
homework here, find out what kind of people use the leading NFT
marketplace is before you decide where to
place your tokens. Don't just rely on the visitor volume of
the marketplace alone. If you're NFT is appeal to
a certain audience than you need to use the marketplace
where those people hang out. Use the clubhouse platform. Clubhouse is a fairly new audio only social platform
that is growing in popularity at an
alarming rate with clubhouse uses can create specific rooms to discuss
different topics. People interested in crypto
ALT are already using the platform to discuss the various NFT is
available and more. You can join these
clubhouse rooms and request to be a speaker. Use your authority in the NFT world to gain a
following on the platform. People locked to follow experts. And it will be reasonably
easy for you to establish yourself as an NFT
expert on clubhouse. Another great feature of
clubhouse is the clubs. These are communities based
around certain niches. Already clubs that are
dedicated to the world of FFTs. You cannot join these communities
rights away. Usually. First, you need to be an active listener and then someone will
invite you to join. Get started immediately. There has never been a
better time to start creating and selling and
FTEs them right now. Take advantage of
the surrounding FFTs as this is a golden opportunity for you to promote your tokens. If you want to make serious
money from your NF T's, then you need to get
started immediately. Nobody knows if the interest
in inequities will drop off sharply in the near future or
whether it's here to stay. One thing is for sure
FTEs are hot right now, and the interest in
NFT marketplaces has increased dramatically
over the last year. This growth is
continuing every day. Don't be left behind. There are thousands
of people joining the NFT market every day. By getting involved now you have a better chance of
establishing yourself quickly in the market before
it becomes oversaturated. And FTEs are relatively new and the interest is
very high at the moment. Make sure that you take
full advantage of this. In the next video,
we will discuss what NFT mistakes
you must avoid.
8. Mistakes To Avoid: Before launching
yourself headfirst into the world of LFTs, there are some common mistakes that you really must avoid. Although the creation
and selling of NFT as not being going
on for too long. It is noticeable that
some people are making the same mistakes
over and over again. All of these mistakes can be catastrophic for your success. In the NFT world. You're probably going to
make small mistakes when you're just starting
out. And that's okay. As long as you learn
from these, that's fine. What you definitely
need to do is avoid these very big mistakes. That can literally mean the difference between
success and failure. One, thinking to short-term. Yes, some LFTs have sold for
millions over the last year. But that doesn't
mean that you can create FFTs or invest in them and make a
substantial amount of money the first time around. If you tried to make too much money too
fast with enough T's, then it's very
likely that you will fail and give up
on the whole idea. There is no doubt that the NFT journey can
be an exciting one. This doesn't mean
that you are going to be a millionaire by this time. Next week though. If you go into an FTEs with a get
rich quick attitude, then you are extremely
likely to fail. The best way to succeed with
LFTs is to provide value. You will also need to have
a good degree of patients, as you may not sell
your FFTs right away. Be consistent with your
marketing efforts, and take the time to
form collaborations and partnerships that will serve
you well in the future. If you are serious
about the NFT again, then commit to it
for the long term. To not promoting
your NFT is enough. It's not enough to just
create your LFTs and less than one open sea and expect them money to
start rolling in. There, we're already
millions of FFTs listed on open sea and most of these are
struggling to find buyers. Forget about the Build it
and they will come concept. It is not going to happen. You need to create a marketing
plan and then stick to it. Identify who your
target audience is, and then find out
where they hang out. Use social platforms to
leverage your NFT promotions. Use Discord forums, clubhouse, and read it to your
advantage as well. Do whatever you can to
get the word out about your LFTs and the
talents that you have. Some people might get
lucky with their LFTs. They may less than one
open say and sell them quickly and have people
begging for more. Instances like this
are very rare. You can't count on
that kind of look. So be sure to have a promotional plan and
follow it through. Choosing the role
marketplace for your LFTs. We've covered this
in the other videos, but it's worth noting again, this is a classic mistake that we see time and time again. And FT creators cannot be bothered to do the
necessary research. And they just opt for open C because it's the
biggest platform. Yes, open C does get
a lot of visitors, but this doesn't mean that it's the best platform for your LFTs. There are several things that
you need to find out about an NFT marketplace
before you use it. The most important thing
is knowing whether your target audience
uses the marketplace. You need to consider if the
NFC is that you want to create are a good fit for the ethos of the
marketplace as well. Another thing to consider is
the fact that there are lots of new NFT marketplace is
emerging all the time. You need to ascertain
whether the marketplace that you're considering
using is safe. The size of the community in the marketplace is important. But more important is whether the community is
responsive and helpful. Well, fortunately,
there are scam NFT websites already
in existence. These people will
just collect fees from you to pay a theorem, for example, and you will
never sell anything. To avoid these
scam NFT websites, use the dapp radar
website to check for legitimacy for doing
an F t's on the cheap, the more that you can invest in your NFT venture, the better. A lot of people make the mistake of thinking
that the world of LFTs is a free one and that they can do
everything on the cheap. While there are
platforms that do not have fees for listings, most of the best
quality ones do. So you need to factor that
into your NFT budget. As I've stated a
number of times now, a theory on blockchain
network is by far still the most
popular for NF2. If you want to use a
theory of network, then you are going to
have to pay gas phase. You need to put
some money behind your NFT marketing as well. Unless you have a huge
following on social media, you'll need to use
social media ads to showcase your LFTs. This is a fairly inexpensive way to achieve results pretty fast. While it is entirely
possible that gas-phase and listing fees will come down as LFTs become even more popular. This cannot be guaranteed and you cannot rely
on this happening. If fees do come down in price, use the money you saved
for more marketing. You need to take your NFT
journey seriously and be prepared to invest in it for the maximum chance of success. Five, not understanding
how an FTEs work. There is a reason why I include a whole video on
how an FTEs work. And that's because we have
seen so many people make costly mistakes because
they didn't understand the basics of
blockchain and crypto. It's essential that you have a good overview of how LFTs
and the blockchain work. It's probably a good
idea to go back to the video on how LFTs
work and watch it again. There are some technical
aspects to NFT is unblocked chain that you need to understand in concept, at least. In the next video, we will discuss investing in an FTEs and flipping
for profits.
9. Investing & Flipping: If you are not familiar
with the term flipping, It's what you buy something at a low price and then sell
it at a higher price. This can be done with
practically anything from buying real estate, the low-price, and
suddenly it for a higher price is
the market improves. Whole things like buying and selling comic books services. The list goes on. Investing in an FTEs. I'm flipping them for profits is something that you
can definitely do. Not everyone is autistic and cuts out for creating and
selling their own LFTs. And if the trading is
growing considerably and investing in FTEs right now
can be a very smart move. Benefits of flipping and FTA's. Today the NFT market is fairly new and the competition
is not that great. There is a lot of room for
growth in this market. People are already making
profits from flipping FTEs. And there are lots of
opportunities to do this if you know what
you're looking for. As an example of the
profit potential in buying and selling and FTA's. There was a token sold in
2017 called crypto punks. This NFT sold for $456 and today it's worth
around $26 thousand. There are a growing
number of NFT collectors, so you should see
the opportunities available for quite some time. The people that are involving
NFT flipping right now are realizing profits
from 10 percent to 50 percent in
just a few days, they all building NFT portfolios and some of the investors
are hanging on to their investments longer-term so that they can make even
greater profits with them. People are buying an FTEs. You know, from this course, I'm from external sources that LFTs are very popular today. There is no doubt that blockchain technology
is here to stay. Many businesses
and organizations across the world are looking at how blockchain technology
can improve what they do. And some have
implemented it already. When you have major
blockchain networks, such as a theorem allowing the tokenization of items
such as digital art, video clips, music,
in-game items, and more. There is a huge amount of
appeal for owning NFT is the major selling point for an nFET is uniqueness
and provenance. Many things are copied
in the digital world, but there can only be one
proven owner of an NFT. People are interested
in purchasing different types of LFTs and they vary in value and FT
flipping opportunities, no form of investing
is guaranteed, and this definitely
applies to LFTs. There are certainly
opportunities for NFT flipping profits, but you have to know how to
spot the best opportunities. Flipping an FTEs has
already been proven to be as simple and relatively
quick way to make good money. There are no hidden
secrets when it comes to finding LFTs that are
good for flipping, it basically comes
down to two things. One, the NFT is currently on devalued to the NFT is
expected to increase in value. Because there are LFTs in
so many different niches, it can be tempting to try and find opportunities
in all of these, but this is not the
best approach to use. You need to find a
profitable NFT niche and learn everything
that you can about it. It's just not possible to be an expert in every NFT niche. The more you know
about an NFT niche, the higher the chances of
good flipping projects. Personally, I would
recommend you don't go for more than two NFT niches. Start with warm and then really dig into the
community around it. Find forums and subreddit
around this NFT niche. Watch YouTube videos about it, listen to podcasts and get chatting to people
in the community. It's going to take
some time for you to become knowledgeable
about an NFT niche. So you need to be
committed to this. You can never do
enough research. So make a commitment
to learn about your chosen and FTE
niches every day. An NFT niche could
be a popular game. The decentralize and game has a virtual real estate theme. An NFT investor was able
to make a profit of over 83000 dollars in just
one year with this game. He purchased parcels of
land from the game at a low price and sold
them for a higher price. This guy really knew the market and was able to
capitalize on his knowledge. Find NFT flipping
opportunities on marketplaces. You can go onto popular
NFT marketplaces such as open say and referable to
find flipping opportunities. We can like at least
sites to garish sales. What you can find
undervalued items, Open, say in particular, is a great marketplace
to find hidden gems. Because there are lots
of crypto artists finding their way
on the platform. They're all NFT flipping opportunities in the
collectibles markets as well. Hey, we're talking about niche opportunities
at sites like NBA, Topshop, crypto
kitties, atomic assets, and the central end. If you have some
experience of buying and selling trading
cards for a profit. The atomic assets marketplace is an ideal place
for you to stop. This site keeps up
with trends and many collectors use it to find
the NFT is that they want. There's a huge interest
in the NBA and the Topshop marketplace
has NFT is available, valued at more
than $600 million. Creators drop new and FTEs all
the time on this platform. And it is a very
active marketplace. If sports memorabilia
is of interest to you, then this is a great
place to stop. The bottom line is that you need to know and follow your niche. For crypto. All
the best sites are nifty gateway and known origin. The best way to profit from these marketplaces is
to look for emerging artists and any high-quality art that you believe
to be undervalued. Finally, there is the
exclusive market, which he will say
at super rare and Christie's use NFT
buying strategies. A number of successful NFT
investors see count bulk buys. This is one of the
best ways to make a healthy profit from NFT. Flipping. Boc buys a more common in the collectible and
trading cards markets. Some of these BOC buys
can be on a large scale, has a lot of NFT sellers
are happy to sell in abundance because
they don't want the hassle of trading
individual tokens. You can Hagel the price on
an NFT with the seller. The best way to do this is to
connect with NFT sellers in the communities for
your niche using private communication,
like direct messaging. A lot of NFT investors make their biggest
profits through haggling. Be prepared to network within the communities of
your NFT niche. Always keep an eye on the market and look for different trends. The more you're on top
of your NFT niche, the more profit you're
likely to make. In the next video, we'll discuss the NFT best practices that
you should follow.
10. Summary: If you want to be
successful with NF2 and make maximum profits in
the fastest possible time, then you need to follow
these best practices. Many people make a lot of
mistakes with enough TAs. And if you follow
these best practices, you can avoid these and maximize your chances of
making good profits, will understand
what NFT is all on, what they are not. To be successful with
LFTs and profit from them is essential that you know what they are and
what they are not. An NFT is a unique digital asset and a representation of an
object in the real world. And if T's are associated with block chain such as
the Ethereum network, they are not the same
as cryptocurrencies. It's possible to own more
than one cryptocurrency. Some people think that an
emptiness or just about art. Well, this is not the case as you've learned in this course. And have T's, can also
be video or audio, as well as collectibles such as trading cards,
in-game resources. The bottom line is
that an NFT can only have one owner at a time, which is why they are valuable. To know how LFTs work. Many people make the mistake in the NFT world of not properly understanding
how they work. You need to understand
the concept of public and private keys and
how these relate to LFTs. Having a good understanding of how blockchain works
is also essential. You need a crypto wallet
to buy and sell LFTs. Usually an FTA transactions are performed using
cryptocurrencies such as ether. And FTEs are not totally new. And I've been around since 2017. There are emerging and FFT
block chains that have reduced carbon footprints as they do not require as
much computing power. Three, understand the
benefits of an FTEs. You will achieve
more success with LFTs when you understand
the benefits of them. One of the major benefits for NFT creators is that they can cut out the middleman because of the
decentralized market. And NFT provides
verifiable proof of ownership and authenticity. And the records for
them are immutable. And if these are secure and
they are easy to trade, they provide the
original creator with retention of copyright. There is a new economic
opportunity with that FTEs and they are a good vehicle for
supporting intrinsic growth. For know how to create an FTEs. You don't have to know any
code to create an NFT. When you choose a
marketplace which is open C, You can easily create an FTEs. A crypto wallet is necessary and some crypto
currency to pay fees. Create a collection first, and then you can create
your individual and FTEs while loading files
and adding metadata. 5, know the NFT marketplaces. It's very important
that you choose the right marketplace
for your LFTs. There are self-service and
curated platforms available. Most marketplaces will work
on the Ethereum blockchain, but others use
alternative networks. Open sea is the largest and there are others
such as wearable, foundation, nifty gateway, and niche market places as well. Six, promote your LFTs. Just minting your NFT is on a marketplace like
open C is not enough. Describe to potential buyers why your LFTs are so special. Use social media
platforms such as Twitter and Instagram
to promote your LFTs. Be sure to use the
right hashtags. Use Discord forums, Reddit, clubhouse, and other channels
to promote your LFTs. Seven, avoid common NFT
mistakes and lots of people make mistakes with
then FTEs on at the biggest mistakes is
to think to short-term. Not promoting your
NFT is enough, is another classic mistake. Some people list their LFTs on the role marketplace
and trying to do and FTA's on the cheap
is another common error. Not understanding
how an FTEs work is another big mistake. Height, investing FTEs
and flipped for profit. Opportunities exist
to buy LFTs at a low price and sell
them at a higher price. And lots of people are
buying in FTEs now. And you need to look for undervalued FTEs that you
expect to increase in value. Focus on one or two niches. Utmost, use the marketplaces to find NFT flipping
opportunities, bulk buying and haggling
on price of good tactics.
11. Conclusion: If you follow this course
from start to finish, you'll know what an FTEs
are and what they are not, how they work, how to create them, and how
to promote them. You'll know that there are
opportunities for investing in other people's and FTEs and
flipping them for profit. Now it's over to you. Taking this course has
given you the knowledge, but only by taking action
will you be able to take full advantage of the
NFT opportunities? I've provided you with all
of the information that you need to be
successful with LFTs. So start taking
action right now. Get involved in the NFT niche communities that
you're interested in. Taking as much knowledge
as you can soak up. And then it'll be time
to either launch your own or stop flipping
them for profit. Well, that brings us to
the end of this course. Congratulations on
completing all of the modules from all of us
here at the success Bureau. I'd like to wish you the
very best for the future, and I hope to see you
on another course soon.
Marc Hamill, CEO of The Success Bureau
