How to launch an NFT project?

Launching an NFT project requires excellent decision-making skills. There are multiple essential decisions that you must make before you are ready to sell your first NFT, and these decisions go beyond simply the design of your NFTs.

What are NFTS & how do they work?

When we talk about NFTs, we’re usually talking about tokens created using Ethereum’s ERC721 token standard (although other blockchains have since adopted a similar standard). It was a way of creating smart contracts on the Ethereum blockchain for what are essentially deeds.

How do I mine an NFT?

Log on to one of the NFT marketplaces and upload a file. This process is called "minting" an NFT. You'll usually be asked if it's a one of a kind, if there are multiple copies or if it's part of a collection. (A quick glance at an NFT marketplace shows just how easy the process is — maybe too easy.

Why is NFT only a smart contract?

Notice that the deed can be to something physical. Thus, the NFT (in most cases) is actually only the smart contract; the content and metadata are stored separately from the thing itself, mainly because it’s either too large or onerous to store on the Ethereum blockchain.