An Introduction to NFTs

Thousands of artists have been getting involved in the creating and minting of NFTs and the artists at CGHero are no exception. In this article, we will break down what an NFT is and how you can go about acquiring one.

What is an NFT?

NFT (non-fungible token) is a unique digital signature created on a piece of data (Blockchain). It can be an image file, a tweet, a song, text posted on a website, a physical item, and a plethora of other digital formats. In essence, it's a way for an individual to 'own' a digital asset and differentiate it from any other digital asset. There can be many files, but only one original.

One of the biggest selling points for the creation of NFT assets is that it allows the artist to earn money on future resells of their work. This gives digital artists another revenue stream and opens up their art to be seen by a much larger audience.

One of the most famous digital artists 'Beeple' recently sold one of his NFT creations for a massive $69 million dollars, becoming the third-highest art sold by a living artist.

Are NFTs a Cryptocurrency?

Not quite, people can buy and sell NFT through the blockchain, which is the foundation for all of crypto. It allows tracking of transactions and also keeps a record of the current owner of the asset. This is basically how an NFT can create a digital signature of the current owner of the asset, think of it like a digital certificate that you can show as proof of ownership. It can not be forged.

How do you make an NFT?

Anyone can mint an NFT from a digital file, for a fee on sites such as Opensea & Rarible will let you post your work into an online auction for others to view or purchase. You can post on different blockchains and platforms, each with its own unique features.

At CGHero we have over 3,500 freelance artists ready to create your next big hype NFT collection. Sit back and relax, our internal project management team will handle the production, while you can focus on the marketing and promotion.