So recently, this drawing came sell off $532 billion dollars this one for $69 billion dollars and this monkey’s photo for $2.7 million dollars So, I expected my mother that a monkey’s depict is being sold online Would you like to buy it? Not much, it’s only for 20 crore rupees She said that we already have one. Actually she was surprised, that why should I buy a 20 crore rupees from internet? Do you think I’m crazy? Instead I is reluctant to download it or take a screenshot if I demand! And to be honest, If you would ask this question to a ordinary being, the answer would be the same So many people have these various kinds of disarrays! That how are NFTs labouring? Who is creating? Who is selling? Why is he selling? Why is the buyer buying it on so expensive frequencies? And what will the buyer do after buying it? So what is the system of NFTs Who is creating? And how? How can you initiate? and earn money? And how can you have a bunch of benefit after diving in this trend? These all queries will be discussed in this video But before that make sure to watch the entire video, because all the steps are interlinked If you’ll skip forward then all the preceding steps will be missed, and you won’t understand, what is happening! So let’s start by understanding NFT NFT stands for Non Fungible Tokens Non Fungible tokens means that it cannot be exchanged! If you and I both have a 100 rupees mention, and we both exchanged the memoranda, so the value will remain the same but this could not be done in NFTs system You cannot exchange you NFTs In NFT, T stands for token and in this subject, Token could be authority In this world-wide, what’s the proof that the downloaded photo in your phone is yours? No proof! Genuine thing So clue could substantiate this thing Everyone on the internet has to believe that the particular thing is yours So, NFT could be in any form – JPEG, PNG, GIF, Video Any digitally developed thing could be a NFT Even this video “couldve been” sold in the future, if anyone want to buy it? Whenver we do a handled in any NFT or acquisition it, the NFT remains unchanged simply the name of the purchaser get added So that everyone come to know that this particular thing( NFT) belongs to this person As we have’ Amazon’ and’ Flipkart” to buy/ sell goods, Likewise, “were having” specialized marketplaces for NFTs Some famous patterns: WazirX, Enjin, OpenSea, Rarible; You might have heard of them.To understand this in a better mode, let’s move on to their panel So this is WazirX Platform, So if you’ll go to’ Discover ‘, then you’ll know all the digitally created things made and uploaded by different parties to sell The The call of the owners and toll is mentioned below the NFT Here you can find cheap items as well as expensive parts very For lesson, If I’ll select this picture worded as’ Cube Buddy’ So, here it’s a 3-D model of a cube Suppose, if I ask a 3-D graphic designer for such model So how much money he’ll charge? 500, 700, 1000; not more than that? But if you see here, you’ll see “Minted by @NishaDroch” and then rolled for 3.3 WRX( WRX is a token of WazirX) The significance of this model is 3. 62 USD This was is available on 29 October But time a week after that, a different used ‘@ pratikkaduart’ bought this model on rostered rate After 2 months, ‘@ pratikkaduart’ listed the expenditure to 95.92 USD( ie, around 7000) So, in this case whenever anyone will open this The whole history will be registered; whosoever buys it, at what price, etc.Nothing is obscured One more benefit is that the author of these NFTs receives’ Royalty’ It depends on the user to choose whether he wants Royalty or not, while uploading That the number of members of era the NFT will get resell, on every transaction the user can get Royalty; 2 %, 5% or the amount determined by the creator If you ensure carefully, ‘@ NishaDroch’ sold this for 3.62 USD But if now ‘@ pratikkaduart’ sold this for 96 USD then belief go 5% or 3 %, so again’ @NishaDroch’ will receive$ 2-3 as a’ Royalty’ and this process continues and is very beneficial for inventors This is a reason why 3-D decorators, Graphic designers, Character animators, VFX artists, and other professionals They could clearly work in This Even my sister is a Graphic Designer From some time, I am suggesting her likewise to invest in NFTs because it’s a trend, and “Trend is your Best Friend” In a trend, the early bidders patently have an advantage And that’s why, it’s the right time if you want to create something like this digitally then it’s a good opportunity for you So this was the cause, Now let’s see a tutorial, if you want to start this then how can you do this? So first of all, you’ll need a pouch specified “METAMASK” You can simply download this with your necessary alternative Mine is Brave browser, if you want to download this on Chrome then you can do the same there is no major difference So this Windows will be presented ,’ Welcome to Metamask’ You can click on’ Get Started ‘; you’ll have a create a new pocketbook So’ Agree’ here, and make a strong rememberable password And remember there is no option of “Forgot Password” so keep your password with you safely So now you’ll read a button “Click now to uncover secret words” As you’ll click on this, 8-10 statements will appear on your screen Keep these messages too safe by taking screenshot or writing somewhere because in case you forgot your password, then this utterance will be required Suppose you change your method; maybe due to Windows taint or anything else Then you cannot connect your pocketbook again before participating this word So Unquestionably It’s very important So you’ll interpret a board like this This is entirely a Blockchain located system, and therefore Ethereum is used here in Majority of the transactions are in Ethereum You can see the Panel here, you can also change your refer by going to account details So now if you now go to WazirX or any other website, You it is necessary connect your purse; whether you are on WazirX, OpenSea, etc; but Metmask wallet is a must Now let’s go to another platform, “OpenSea” Suppose if I want to sell anything So I’ll go to profile, then select Metamask, and connect my pocketbook So a by-default account will be created where I can edit my details Upload Picture; and I’ll have to provide admiration for everything that I am doing the changes Once I have done setting up the profile So here it will show that how much have you generated? how much accumulated? Suppose I want to create so I’ll upload my Channel Logo as a representation( Write a refer) After that, here is an option External link basically if I “ve created” a page/ web site related to this so I can upload the buyers might get some more knowledge about this before purchase Anything if I want to write in description I can If I want to create a kind of playlist that I can create squandering Collection option And here is an option that I like, Unlockable Content Suppose I gave it for selling and someone buys it As person will buy this; this NFT will be his, but with the NFT he will too get more information that I’ll render Like I can provide a 5-10 minutes video while stirring the logo as a Gift; or a handwritten note or anything else After that it will ask that which Blockchain service you want to use? Ethereum or Polygon? So as you will select the alternative and make it your component will be created and get listed on the website.As you can see it’s rolled with the given name now theorize, I want to sell this so I’ll click on sell button So it will invite that whether I want to keep a chosen rate or an auction? (…. mode ….) So now you can type how much extent you require in Ethereum! Let’s presume I demand 0.01 ETH which is equal to $ 33 dollars And after that I can also placed the duration; 1day, 7days, or whatever age, after which this will be automatically sold to the highest bidder Service Fees is listed 2.5%, as the NFT will be sold, OpenSea will hinder 2.5% from the sold cost now let’s click on Complete Listing. And here’s where the real talk begins If you mention carefully, it’s stopping us from rolling the item by showing that Gas Fees is charged on you of $236 dollars So what is Gas Fees? If we want to mint our entry for selling, for that’ Gas Fees’ is charged by all these networks But you can do this for free also, for that going to be home the edit division of your part and scroll down, and in Blockchains field, instead of Ethereum select Polygon.Now it definitely sounds like I should have selected this in the starting simply, let me create a brand-new one and show you So now I have uploaded with a different colour, and instead of Ethereum I have selected Polygon Now let’s save this, and try to sell it Everything else is the same as before, but now as you will click on’ Complete Listing ‘; so this kind of box will appear. Unlock Currency; after that this type of request will pop-up, you have to Sign it. As you’ll click it will take around 8-10 seconds for the process to complete Now in the time this process is happening, let me tell you that there are many more marketplaces So before investing, you’ll have to research what is in trending? And you’ll have to be artistic with your digital prowes so that we are able to have more cost. So now the money has been opened, and we have to sign another content also And eventually “youre seeing”, that it is mentioned above “Your NFT is listed” So as you’ll click on this, you can see that it is listed You are also welcome to probe this on your computer, most probably you’ll see it scheduled You’ll also ensure the Buy Now option there, for me it’s blocked because I am ratified in with my account only.And you are in a position to even obtain it for $33 dollars. So while telling all this, I recollected one happen in the starting phase of Internet, there was a person who started his website specified something Pixel He threw every pixel on his website on sale for $1. this is the future of online advertising. All the companies were after for taking the biggest space in that box by leaving 1-1 dollar. And by the end of this, that person got$ 1 million; but the companies those who endowed there didn’t get any return of coin. From this it is understood that the one who sells new ideas makes more fund. So right an idea is being sold to us, a good deal of parties are obtaining it so that they might kind of use it in Metaverse.Now there is no shortage of amateurs, we are going to create here, so we can sell things after shaping. So with a positive thought you can enter this field So that is it for this video, make sure to LIKE the Video and SUBSCRIBE the Channel See you tomorrow with a new video, till then “STAY SAFE, STAY SARCASTIC”.
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