Non-Fungible Token (NFT) Fundamentals Cheat Sheet – Get Started with NFTS Today!
Jan 11, 2022
This Non-Fungible Tokens (NFTs) – Cheat Sheet has been created to help guide thru the top considerations, steps and processes around NFTs today.
Non-Fungible Tokens (NFTs) have been in the news a lot recently. They are a relatively new thing and people are already capitalizing on the craze. People want to know more about NFTs and how they can profit from them
Step 1: What are Non-Fungible Tokens (NFTs)?
- A hot new trend that will be around for a long time
- A unique digital asset
- NFTs are associated with blockchain networks
- NFTs are not the same as cryptocurrencies
- NFTs are not just about art
- Only one NFT owner at a time
- NFTs can be very valuable
Step 2: How NFTs Work
- Public and private keys are used for security
- Blockchain networks have to be used for NFTs
- You need a crypto wallet to create and trade NFTs
- NFTs have been around since 2017
- Reduction in carbon footprint actively sought for NFTs
Step 3: The Benefits of NFTs
- NFTs are in a decentralized market
- There is proof of ownership with NFTs
- NFTs provide authenticity
- NFTs are immutable
- It is easy to trade NFTs
- NFT creators can retain copyright
- NFTs are secure
- NFTs create a new economic opportunity
- NFTs can support inclusive growth
Take the NFT Course on TechCommanders.
Step 4: How to create NFTs
Step #1: You can create NFTs easily without knowing any code
Step #2: Choose a marketplace for your NFTs
Step #3: Setup a crypto wallet
Step #4: Choose your item to convert into an NFT
Step #5: Create your collection
Step #6: Create your digital token
Step #7: List your NFT for sale
Step 5: How to Choose an NFT Marketplace
Step #1: There are self-service and curated marketplaces
Step #2: NFT marketplaces work with different blockchain networks
Step #3: OpenSea
Step #4: Rarible
Step #5: Mintable
Step #6: Nifty Gateway
Step #7: SuperRare
Step #8: Foundation
Step #9: Niche NFT Marketplaces
Step 6: Proven Tips for Selling your NFTs
These are the proven steps for selling your NFTs
- You must promote your NFTs
- Why is your NFT special?
- Use Twitter to promote NFTs
- Use other social media platforms
- Use the correct hashtags
- Use Discord forums
- Apply to NFT Hunters
- Promote your NFTs on Reddit
- Share your back story
- List your NFTs on the right marketplace
- Use the Clubhouse platform
- Get started immediately
Step 7: NFT Mistakes that you Must Avoid
Consider the following mistakes to avoid for success:
- Thinking too short-term
- Not promoting your NFTs enough
- Choosing the wrong marketplace for your NFTs
- Doing NFTs on the cheap
- Not understanding how NFTs work
Step 8: Investing in NFTs and Flipping for Profit
Consider the following:
#1: People are profiting from flipping NFTs
#2: Understand that many people are buying NFTs
#3: Find undervalued NFTs that will increase in value
#4: Find NFT flipping opportunities on marketplaces
#5: Use NFT buying strategies
Step 9: NFT Best Practices
Consider the following:
- Understand what NFTs are and what they are not
- Know how NFTs work
- Understand the benefits of NFTs
- Know how to create NFTs
- Know the NFT marketplaces
- Promote your NFTs
- Avoid common NFT mistakes
- Invest in NFTs and flip for profit
Coming in January 2022. Cloud InterviewACE.
The best way to pass the Cloud Computing interviews. Period.
Cloud InterviewACE is an online training program & professional community mentored by industry veteran Joseph Holbrook (“The Cloud Tech Guy“), a pre/post sales guru in cloud.
Learn to pass the technical and even soft skills interviews from the starting basics to advanced topics covering presales, post sales focused objectives such cloud deployment, cloud architecting, cloud engineering, migrations and more. resume tips, preparation strategy, common mistakes, mock interviews, technical deep-dives, must-know tips, offer negotiation, and more. AWS, GCP and Azure will be covered.
Find Out more about Cloud InterviewACE from TechCommanders
Fast-track your career now!
This changes your world, what are you waiting for!
We are TechCommanders…
experts in Next Generation Technology Training.
TechCommanders is an online training platform for both aspiring and veteran IT professionals interested in next generation IT Skills.
TechCommanders is led by Joseph Holbrook, a highly sought-after technology industry veteran.
TechCommanders offers blended learning which allows the students to learn on demand but with live training.
Join TechCommanders Today.
Over 60 Courses and Practice Questions!
Coaching and CloudINterviewACE
Stay connected with news and updates!
Join our mailing list to receive the latest news and updates from our team.
Don't worry, your information will not be shared.
We hate SPAM. We will never sell your information, for any reason.
