![]() ![]() For this service, a user must pay a gas fee on any blockchain.Īn NFT is the same, except it uses an ERC-721 or ERC-1155 smart contract standard instead of the regular ERC-20 for fungible tokens. ![]() Just like you add such a block when you make a token transfer, this distributed digital ledger (DLT) records it, making it immutable and unfalsifiable. Here is the breakdown of the costs and options at your disposal.Ĭreating an NFT means adding a smart contract to the network, as another permanent data block to its chain. ![]() As blockchain builds up Web3, the internet's tokenized infrastructure, anyone can become a part of this process by creating (minting) an NFT. Smart contracts give them the power to automate and customize royalties for the secondary market. Artists and gamers alike are beginning to see the benefits of NFT trading. ![]()
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