FAQs

Frequently Asked Questions

What is an NFT?

An NFT is, in essence, a collectible digital asset, which holds value as a form of cryptocurrency and as a form of art or culture. Much like art is seen as a value-holding investment, now so are NFTs.

How do NFTs work?

NFTs are part of the Binance or Ethereum blockchain so they are individual tokens with extra information stored in them. That extra information is the important part, which allows them to take the form of art, music, video (and so on), in the form of JPGS, MP3s, videos, GIFs and more. Because they hold value, they can be bought and sold just like other types of art – and, like with physical art, the value is largely set by the market and by demand.

Where can I buy NFT tokens?

NFTs can be bought on a variety of platforms. We are developing an NFT ecosystem where users can mint and sell their NFTs.

Why are NFTs so controversial?

There's a lot of money to be made in the NFT market.

Can anyone make an NFT?

Technically, yes, everyone can sell an NFT. anyone can create work, turn it into an NFT on the Blockchain (in a process called 'minting') and put it up for sale on a marketplace of choice. You can even attach a commission to the file, which will pay you every time someone buys the piece – including resales. Much like when buying NFTs, you need to have a wallet set up, and it needs to be stuffed full of cryptocurrency. And this requirement is where the complications lie.

Our NFT DApp will make it easy for anyone with an internet connection to mint & sell their NFTs on our Marketplace