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Are non-fungible tokens going to usher in a new era of authenticity in the healthcare sector? Launched in 2014, NFTs are catching headlines for various reasons today. One of the unique attributes of this attention grabbing tokens is ownership. In other words, NFTs guarantee ownership of assets without any hitches. Thus, its application in sectors like <a href="https://upyo.com/en/post/real-estate-nft">NFT real estate</a> and ticketing is favored by the respective businesses. 



Apart from real estate, events, art, and sports, there are other industries that are mulling over non-fungible tokens of which, the healthcare sector is one that can benefit enormously. 



So, how does NFT pan out in the healthcare sector? NFT features such as uniqueness, indivisibility, ownership, etc., can help the healthcare industry and people (or patients) to a large extent if utilized well.&nbsp;



This article will explore the role of non-fungible tokens in healthcare, their benefits, and their future.



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="800" height="599" src="https://adminblog.upyo.io/wp-content/uploads/2023/02/NFT-and-medical-sector.jpg" alt="medical sector and NFT" class="wp-image-4229" srcset="https://3.111.63.208/wp-content/uploads/2023/02/NFT-and-medical-sector.jpg 800w, https://3.111.63.208/wp-content/uploads/2023/02/NFT-and-medical-sector-300x225.jpg 300w, https://3.111.63.208/wp-content/uploads/2023/02/NFT-and-medical-sector-768x575.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure>



<h2>Role of NFT in healthcare</h2>



Non-fungible tokens have invaded almost every sector today, from art, music, and real estate to sports, banking, and much more. Its ability to tokenize unique items has been its selling point, and numerous industries have reaped its benefits. However, there are some sectors that haven’t explored non-fungible tokens, such as healthcare.



With the exception of a few startups, it is clear that non-fungible tokens have not been widely used in the healthcare industry. However, as discussed above, one cannot ignore the potential benefits of tokenization that non-fungible tokens bring to healthcare.&nbsp;



Before we get into the potential benefits and use cases of non-fungible tokens, have a glimpse at some medical data issues.



<h3>Medical data issues</h3>



The medical industry is huge; it produces over $1.2 billion worth of medical documents every year in the US alone. But, around 80% of these records are unstructured and susceptible to theft or misuse. One of the major issues here is that patients remain in the dark regarding their medical data. In other words, patients have no idea where their medical data goes after it is submitted.



Moreover, there’s a huge market for medical data market, which is ruled by some kingpins. Patients not only don’t get any incentives for their healthcare data but also remain ignorant regarding who accesses it.



With artificial intelligence and big data becoming more crucial in drug research, there’s a dangerous trend that is plaguing sensitive medical information. To elaborate further, information such as genetic markups or hospital records are expensive entities that are sold to some firms or businesses. In other words, this information is sold, exchanged, and purchased without the patient’s consent.



Furthermore, as per Kostick-Quenet’s research, there’s another industry that maps anonymous medical data obtained from diagnostic centers or hospitals to user information from social media channels. They create elaborate profiles based on their mappings and sell them to external third parties.



Thus, one can infer that this is a huge nexus that runs without the knowledge of the general public 9or patients). Non-fungible tokens can be used to counter all such fraud developments by giving digital ownership to the involved parties. 



Let us see how NFTs can be beneficial to healthcare in detail in the following section



<h2>How do NFTs add value to the medical sector?</h2>



Non-fungible tokens can add immense value to healthcare by securing health records and standardizing access to private medical data. It can be used in various divisions of the medical industry, such as Logistics, manufacturing, and supply chain related to drugs. For instance, non-fungible tokens can be used to counter unauthentic pharmaceutical products.&nbsp;



Furthermore, incorporating a blockchain into the medical sector benefits all the stakeholders involved in it. For example, anyone can trace medical equipment or drugs to their origin and verify their authenticity (in the case of public blockchain).



Here’s how NFT use in healthcare can be helpful:



<h3>By offering ownership and monetization opportunities:</h3>



The ownership of medical data can be provided to users or patients by minting the medical information and converting it to non-fungible tokens. Once tokenized, the data will be controlled by patients and subjected to strict terms and conditions. As a result, patients decide who they want to share their data with and who can use it.



Furthermore, patients can also track their healthcare-related information and see where it is utilized or where it ends up. In case the information falls under a shady entity or if it is used by unauthorized parties, they can hold those parties accountable. Additionally, having ownership over medical information makes the patient eligible for royalties.&nbsp;



<h3>Attracting patient contributions for research:</h3>



One can find numerous health services that are working digitally, so all such companies can use non-fungible tokens to entice people to engage with them for research purposes. Furthermore, other third parties that are interested in such research data can get in touch with patients directly through digital platforms and pay them for their contribution. This way, people will have an idea about their medical data.



In the traditional method, patients were not having any control over their medical data, thus, with the help of NFTs, people would get the option of disclosing the information in an informed manner. 



<h3>Supply chain optimization for blood banks:</h3>



Using non-fungible tokens is not new in blood donation organizations. There are several organizations that prompt people to utilize non-fungible tokens when they donate blood. Since these tokens are unique, they are linked to donors to track their whereabouts. This helps people to know how blood is being utilized.&nbsp;



Usually, the donated blood is recorded with the help of tokenization in a virtual blood bank where the demand for certain blood types is recorded and monitored using DLT (digital ledger technology). Thus, whenever a certain blood type that is in demand arrives at such a bank, the intended hospital is alerted. Furthermore, the tokenized donated blood can be traced from the blood bank to the hospital and subsequently to the intended recipient.



<h3>Fighting against fake pharmaceuticals:</h3>



Fake pharmaceuticals are one of the most significant challenges that are encountered by the world today. NFTs and blockchain technology can counter these issues easily by simplifying and speeding up the verification process. Firstly, one must understand that non-fungible tokens possess “token ID,” which will be assigned to an object that remains with the product for its lifetime.



The uniqueness of non-fungible tokens helps in the creation of an immutable ledger record that assists in eliminating or reducing discrepancies and fraud of certain products. With respect to pharmaceuticals, non-fungible tokens can be used to safeguard and speed up the tracking process. Also, it enables to detect the errors quickly.&nbsp;



This simply means that issues such as locating and erasing black-market prescriptions from the system can be addressed much more quickly.



<h3>Protecting data from health-tracking apps:</h3>



One more sector where non-fungible tokens can be used is medical equipment and wearables. Today, one can find an increase in the usage of at-home fitness equipment, medical wearables, and other health-tracking equipment. Thus, managing these devices and the data collected by them safely is one of the challenges where non-fungible tokens can play an important role.



One way to manage these data is through data decentralization and maximizing access to it. Furthermore, it can be employed to improve the ownership of health information and minimize the theft or misuse of data by third parties.&nbsp;



<h3>Support for medical devices and their data:</h3>



Non-fungible tokens can profit the medical device industry. These advantages are linked to the blockchain&#8217;s storage of genetic and personal healthcare data. Several devices, including health-related wearables, smart homes, and interconnected medical devices, may benefit from using NFTs and blockchain as the primary method of data storage and exchange.



Overall, tokenizing medical assets as non-fungible tokens can prove beneficial to the medical industry as a whole. One dependable method is to link NFTs to physical medical assets such as blood units, medications, and other non-reusable medical technologies.&nbsp;



Tokenizing medical assets would facilitate faster access to these resources for patients who require them the most. Assume you can search the blockchain ledger for the assistance you require, learn their location and how quickly you can access them, and have them delivered to you as soon as possible. In that case, you&#8217;ll do better than battling traditional medical industry bureaucracy.&nbsp;



Avoiding bureaucracy is one of the best things that can happen to patients and healthcare providers because it has the potential to speed up the entire system exponentially.



Although these are some benefits that non-fungible tokens provide, this approach does have some challenges concerning security, scalability, and other factors that need to be addressed.



<h2>How could NFT and blockchain affect the future of the medical sector?</h2>



Non-fungible tokens, along with blockchain technology, are capable enough to improve the banking and payment sector in terms of service, speed, and efficiency. Furthermore, the transparency and ownership of medical information can also be enhanced through tokenization, as discussed above. However, it does not mean that tokenization does not have any faults.&nbsp;



There are numerous challenges concerning moral and ethical points of view. There are issues with non-fungible tokens, such as IP rights, security flaws, and the complexity of the technology. Apart from these, there’s a cost issue that might repel people from considering it. 



Since this technology is still in the nascent stage, with proper improvements and corrections, non-fungible tokens can aid the healthcare sector to a large extent.



<h4>Conclusion </h4>



One can say that non-fungible tokens have been evolving since the time they were introduced in 2014. Recent innovations and adoptions only prove that it has a large scope in various industries. Although there are some shortcomings, NFTs have the potential to offer numerous benefits to the healthcare sector.&nbsp;



Thus, it is prudent to explore and see how non-fungible tokens can be incorporated into the medical industry for the benefit of all. Overall, NFTs and the medical sector can be integrated to benefit the involved parties.

NFT in Healthcare: Passing Fad or Promising Technology?

Blockchain

Do you know that various financial institutions are looking into non-fungible tokens and related technologies? With the rise of NFTs, numerous industries and businesses are trying to adopt non-fungible tokens in their services. Starting from artwork, today, we can see <a href="https://upyo.com/en/post/real-estate-nft">NFTs in real estate too</a>! Music, Event and ticketing, sports, etc., are some other sectors that are hugely benefitting from non-fungible tokens.



Thus, with so much innovation, isn&#8217;t it prudent to consider NFTs in the banking sector? Yes, NFT banking is a budding technology that holds so much promise. If you are wondering what exactly it is, read this article as we explain the basic concepts and discuss its impact on the traditional banking ecosystem.



<h2>What is NFT banking?</h2>



For the uninitiated, non-fungible tokens or NFTs are unique tokens that are used to represent assets such as art, music, properties, or a digital collectible.&nbsp;



NFT, or Non-fungible token banking, is a coming-age technology that is set to revolutionize economics or the financial sector. Furthermore, this form of banking creates virtual assets such as non-fungible tokens. This type of banking system is decentralized in nature and is created on a decentralized ledger.



Overall, NFT banking aims to alter the face of financial transactions in the world. Please remember that this type of banking is centered around blockchain technology.



This means that no central authority controls this system, and all transactions that take place on this system are transparent, secure, and verifiable. Moreover, users can carry out transactions and payments without the interference of third parties.



Some of the NFT banking platforms are CoinList, BlockFi, Crypto.com, etc. Each of these possesses certain features and provides some benefits. Furthermore, some platforms may charge specific fees and have terms and conditions that you must adhere to. Therefore, it is necessary to research and understand these platforms before subscribing to them.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="536" src="https://adminblog.upyo.io/wp-content/uploads/2023/02/CoinList-2-1024x536.jpg" alt="CoinList NFT in Banking " class="wp-image-4163" srcset="https://3.111.63.208/wp-content/uploads/2023/02/CoinList-2-1024x536.jpg 1024w, https://3.111.63.208/wp-content/uploads/2023/02/CoinList-2-300x157.jpg 300w, https://3.111.63.208/wp-content/uploads/2023/02/CoinList-2-768x402.jpg 768w, https://3.111.63.208/wp-content/uploads/2023/02/CoinList-2.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2>The impact of NFTs on Banking</h2>



The NFTs combined with digital ledger technology (DLT), which acts as a base for Bitcoin and Ethereum, are creating waves in the finance sectors. In fact, the popularity of non-fungible tokens is propelling DLT to the mainstream. Thus, the arrival of digital ledger technology has posed some challenges and excellent opportunities, especially for the payment and banking industries.



It is important to note that blockchain technology is not new to the world. It was launched a decade back in 1991. However, with the advent of cryptocurrencies and non-fungible tokens, DLT rose to prominence. Currently, this technology is getting wider acceptance among the public and technology enthusiasts.&nbsp;



<figure class="wp-block-image size-full is-resized"><img decoding="async" loading="lazy" src="https://adminblog.upyo.io/wp-content/uploads/2023/02/DLT.png" alt="" class="wp-image-4166" width="650" height="440" srcset="https://3.111.63.208/wp-content/uploads/2023/02/DLT.png 559w, https://3.111.63.208/wp-content/uploads/2023/02/DLT-300x203.png 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>



With innovations happening in various sectors, it is no wonder that DLT will impact the banking and payment industries. Let us see what DLT is bringing to the table and how it will affect the traditional financial sector.&nbsp;



When speaking about DLT, one must remember that it is a decentralized system, and no one owns it. So, how does it benefit the banking system? Firstly, DLT can offer a global data infrastructure that all users can access. In other words, the data is shared among the users so that everyone can check and verify the information.&nbsp;



One more potential promise of blockchain is to provide a secure place for record-keeping worldwide. Consider having a secure site where you can record financial information without third-party interference; DLT can help with that. In a way, this technology is a boon for the banking sector across the world.&nbsp;



Furthermore, it aids in the safe storage of data or information. This is again due to decentralization, which helps store customer information without redundancy. Also, blockchain technology makes it possible to share details safely across various financial organizations in real-time.



Additionally, this technology&#8217;s inherent security helps alleviate the ongoing administrative and regulatory burdens. Also, the technology has the potential to enable fast (real-time) payment processing services.



Since non-fungible tokens are in vogue, numerous financial institutions, businesses, and banks are keeping an eye on them. The global head of Goldman Sachs is reportedly looking into &#8220;NFTs in the context of financial instruments.&#8221; Apart from this, Nomura, a Japanese bank, is aiming to make a name for itself in the crypto and <a href="https://upyo.com/en/nft/category/domain-names">non-fungible token domain</a>.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://adminblog.upyo.io/wp-content/uploads/2023/02/Nomura-nft-and-banking-1024x576.jpg" alt="Nomura nft and banking" class="wp-image-4165" srcset="https://3.111.63.208/wp-content/uploads/2023/02/Nomura-nft-and-banking-1024x576.jpg 1024w, https://3.111.63.208/wp-content/uploads/2023/02/Nomura-nft-and-banking-300x169.jpg 300w, https://3.111.63.208/wp-content/uploads/2023/02/Nomura-nft-and-banking-768x432.jpg 768w, https://3.111.63.208/wp-content/uploads/2023/02/Nomura-nft-and-banking-1536x864.jpg 1536w, https://3.111.63.208/wp-content/uploads/2023/02/Nomura-nft-and-banking-2048x1152.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Additionally, it can also be seen that JPMorgan has launched a lounge in the metaverse where it allows users to purchase plots (virtual). Here are some aspects of non-fungible tokens that positively impact the financial sector:



<ul>
<li>Non-fungible tokens help in recording and transferring virtual assets on a blockchain network without any loss.</li>



<li>It also helps banks in securing sensitive information and management challenges related to data.</li>



<li>NFTs can significantly help manage royalties without any error or confusion.&nbsp;</li>



<li>NFTs could also help banks attract new customers who do not trust crypto and are put off by the complexities of blockchain technology.</li>



<li>Trading NFTs can benefit fintech and banks in the same way that selling collectible assets can help anyone.</li>
</ul>



Overall, non-fungible tokens are transforming the way many modernized banks operate by significantly lowering operational costs while shortening the time traditionally required for various processes.



<h3>How can banks leverage NFTs?</h3>



By now, it is clear that non-fungible tokens hold a bright promise in changing how asset ownership is virtually seen. Thus, using non-fungible tokens is a prudent thing to do to gain a number of benefits. So, how can banks leverage non-fungible tokens?&nbsp;



Simple, it can be accomplished in numerous ways. One primary way is to incorporate blockchain technology into the banking ecosystem and help the financial <a href="https://upyo.com/en/post/nfts-and-metaverse">transactions of non-fungible tokens across metaverses</a>. Furthermore, employing non-fungible tokens to signify virtual goods bought in the marketplace or metaverse is also another way to use non-fungible tokens.&nbsp;



One more solution is to tokenize the financial information, as this type of detail poses challenges when transferring across borders (international). Issues related to privacy, confidentiality, and compliance usually plague such transfers. Apart from this, these transactions take a lot of time to process and approve the requests. Also, human intervention is the core of such transactions, so it obviously takes weeks or months to accomplish such tasks.



As a result, using the tokenization concept makes the transmission of transaction information easier and faster. Whatever the type of transaction information may be (text, images, documents, 3-dimensional models), it is lent a unique cryptographical ID that makes it distinct from other information. One can say that these unique batches of details are easily and safely transferable through blockchain within seconds.



Furthermore, digital ledger technology offers a global data structure that every user can access at any given time to go through the same data. This proves to be a secure and true version of data that bankers sought in the past.&nbsp;



As discussed above, numerous well-known banks are looking into blockchain technology and non-fungible tokens to integrate them into their ecosystem. Such banks can employ blockchain-based platforms <a href="https://upyo.com/en/post/nft-smart-contract">built on smart contracts</a> to shield their users&#8217; funds from external attacks.&nbsp;



<h3>Advantages and disadvantages of NFT banking in a nutshell</h3>



So far, we have discussed the impact of non-fungible tokens on the banking industry. Now, let us see what its benefits and drawbacks are in a nutshell.&nbsp;



<ul>
<li>NFTs in the banking system offer numerous benefits, such as providing secure storage and data transfer.&nbsp;</li>



<li>Every transaction data is validated and recorded on the network.</li>



<li>Employing DLT ensures faster transfer in addition to being cheap than the traditional banking system.&nbsp;</li>



<li>Eliminates the need for third-party services.</li>



<li>Non-fungible token banking is way more transparent than the usual banking system.</li>



<li>Users will have the ability to track their transactions so that they&#8217;ll know where their cash is reaching.</li>



<li>NFT banking is effortless and straightforward to use.</li>
</ul>



While these are some benefits that non-fungible token banking offers, specific issues need to be addressed. The first issue with this technology is that it is still in the nascent stages, so one may not be entirely convinced to use it. Also, because of its infancy, this technology has some problems with scalability and security.



Apart from this, there is a significant concern regarding the fees which may be imposed for using NFT banking. Experts opine that the fees can be set high, which repels a section of users who wouldn&#8217;t like spending much on banking.&nbsp;



Thus, if NFT banking is made more user-friendly by addressing these issues, there&#8217;s a high chance that people will welcome this technology gracefully.



<h4>Conclusion&nbsp;</h4>



NFT banking is a promising technology that will revamp the global banking and payment sector. It offers solutions to numerous problems like security, ownership, transparency, transferability, and others. Although it is not faultless, the future seems bright, and with more evolution and reforms, this technology is bound to make a mark in the banking industry.

The Role of NFT in banking: Its Impact on Banks

The Top 25 NFT Artists You Should Know

NFT Games: The 20 Best NFT Games Right Now

Non-fungible tokens are changing the face of the art world since the purchase of &#8220;Everydays: The First 5000 Days&#8221; in 2021. Millions of people are thinking join the craze and start with their own non-fungible token art projects. In gact, it is no exaggeration to say that the huge money and perks that are offered with non-fungible tokens have attracted the whole world.&nbsp;



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="976" height="549" src="http://adminblog.upyo.io/wp-content/uploads/2022/11/5000-Days-1.jpg" alt="how to become nft artist" class="wp-image-2546" srcset="https://3.111.63.208/wp-content/uploads/2022/11/5000-Days-1.jpg 976w, https://3.111.63.208/wp-content/uploads/2022/11/5000-Days-1-300x169.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/11/5000-Days-1-768x432.jpg 768w" sizes="(max-width: 976px) 100vw, 976px" /></figure>



Thus, artists and common people are thinking about venturing into this art realm. If you&#8217;re thinking along the same lines but need help knowing where to begin, we&#8217;re here to help. After all, the crypto market, with its technical jargon, can intimidate beginners.&nbsp;



However, venturing into NFT art as an artist is not an impossible task. One can easily learn about this sector with knowledge of art and access to crypto and the internet. This article will guide you through the step-by-step process of becoming an NFT artist.



<h2>Who is an NFT Artist?</h2>



In simple words, an NFT artist is an artist or a creator who makes virtual art (or NFT art). The artwork created by the artist is basically non-fungible tokens that can be traded in the <a href="https://upyo.com/en/post/top-nft-websites">NFT marketplaces</a>. Technically speaking, NFT artwork is created through minting by non-fungible token artists to earn revenue.&nbsp;



Here are some of the famous artists who are making big in NFT art:



<ul>
<li>Mike Winkelmann (Beeple)</li>



<li>José Delbo</li>



<li>Amber Vittoria</li>



<li>XCOPY</li>



<li>Refik Anadol</li>



<li>Damien Steven Hirst</li>



<li>Leopoldo D&#8217;Angelo</li>



<li>Philip Colbert</li>



<li>Sarah Zucker</li>



<li>Nadya Tolokonnikova</li>



<li>Hong Yi (Red)</li>



<li>Summer Wagner</li>



<li>Paloma Rincón</li>



<li>Murat Pak</li>



<li>Tyler Hobbs</li>
</ul>



<h3>Do artists make money on NFT?</h3>



Yes, artists or creators can definitely make money with their NFT art. Here are a few things that you must have to make money:&nbsp;



<ul>
<li>Crypto wallet</li>



<li>Funds in your crypto wallet (for minting and transactions fees)</li>



<li>Membership to a marketplace where you can create and sell your non-fungible token artwork</li>
</ul>



<h2>Step-by-step process to becoming an NFT artist</h2>



<ul>
<li>Create your art:</li>
</ul>



The first step to becoming a non-fungible token artist is to create artwork. The type of art you want to create is entirely up to you. You can create portraits, paintings, landscapes, or anything else that you like.&nbsp;



It is better to have your own niche from which you can churn your artwork. This also helps you hone your skills and build a good following for your work. While creating art in one style is good, let it not limit you to that style alone. You can try various styles and venture into different art territories.&nbsp;



<ul>
<li>Select the blockchain you wish to use:</li>
</ul>



Once you create your artwork, you must select an appropriate blockchain network to host your art. These networks are distributed widely and are regarded as a decentralized public ledger. There are numerous blockchain networks that are well-known. Each of them has a set of pros and cons, so always research them before choosing. Here are some popular options:



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="597" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/Writing-Smart-contracts-1024x597.jpg" alt="become nft artist" class="wp-image-1540" srcset="https://3.111.63.208/wp-content/uploads/2022/09/Writing-Smart-contracts-1024x597.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/09/Writing-Smart-contracts-300x175.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/09/Writing-Smart-contracts-768x448.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/09/Writing-Smart-contracts.jpg 1260w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>Ethereum</li>



<li>Cardano</li>



<li>Polygon</li>



<li>Tezos</li>



<li>Bitcoin cash</li>



<li>Solana</li>



<li>Flow</li>



<li>Wax</li>



<li>Klaytn</li>
</ul>



Ethereum, without a doubt, is the undisputed favorite of non-fungible token artists and investors. As per the reports, this network covers around 97% of the non-fungible token sales. Thus, one can say that Ethereum is the best pick among these networks.&nbsp;



<ul>
<li>Set up your crypto wallet:</li>
</ul>



Apart from selecting the blockchain, it would be best if you also established a crypto wallet as one cannot create, sell, own, and send non-fungible tokens without it. Similar to blockchain networks, there are several crypto wallet options that are available online. Here are some <a href="https://upyo.com/en/post/best-nft-wallets">popular crypto wallets</a> that you can select:



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="http://adminblog.upyo.io/wp-content/uploads/2022/11/MetaMask-Wallet-1024x576.png" alt="NFT Artist guide" class="wp-image-2690" srcset="https://3.111.63.208/wp-content/uploads/2022/11/MetaMask-Wallet-1024x576.png 1024w, https://3.111.63.208/wp-content/uploads/2022/11/MetaMask-Wallet-300x169.png 300w, https://3.111.63.208/wp-content/uploads/2022/11/MetaMask-Wallet-768x432.png 768w, https://3.111.63.208/wp-content/uploads/2022/11/MetaMask-Wallet-1536x864.png 1536w, https://3.111.63.208/wp-content/uploads/2022/11/MetaMask-Wallet.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>MetaMask</li>



<li>Coinbase</li>



<li>Trust</li>



<li>Binance</li>



<li>Ledger</li>



<li>Exodus</li>



<li>Atomic</li>



<li>eToro</li>
</ul>



Most marketplaces recommend MetaMask for its efficiency and support. Also, remember that each platform possesses its own wallet, non-fungible token standard, and marketplace. So, choose something that you can use easily.



<ul>
<li>Fund your wallet with the appropriate currency/tokens:</li>
</ul>



Once you&#8217;ve acquired your wallet, the next step is to buy some cryptocurrency that will power your selected network and help you proceed further. For instance, you’ll have buy ETH, if you select Ethereum network. Or, you can purchase MATIC tokens, if you choose Polygon.&nbsp;



Additionally, remember that the marketplace charges specific fees to transform the art into a non-fungible token. However, remember that Ethereum&#8217;s cost often varies, so check before purchasing.



<ul>
<li>Choose your marketplace:</li>
</ul>



After buying cryptocurrency, you must decide which marketplace to use. This is typically where you will mint, market, and sell your non-fungible tokens, so choose wisely. If you want to keep things simple, you can&#8217;t go wrong with the industry&#8217;s leading marketplaces. Moreover, you can select a marketplace that is specific to artwork so that you can find potential purchasers.



<ul>
<li>Connect the wallet to the non-fungible token marketplace:</li>
</ul>



After buying Ethereum and choosing a marketplace, you&#8217;ll have to add it to the wallet and connect the wallet to the selected platform. You can choose Coinbase, MetaMask, or other wallets that are compatible with your chosen venue.



<ul>
<li>Make an NFT account:</li>
</ul>



Once you connect the wallet to the platform, register as an artist on the platform to transform your work. To change, click on the &#8220;create&#8221; button, which compels you to connect your wallet. Furthermore, you&#8217;ll have to add a virtual signature for security purposes.



After accomplishing these tasks, you&#8217;ll be permitted to add (upload) your virtual artwork along with a description and name. Once your upload is done, you can add the banner to complete your account.



<ul>
<li>Create NFT:</li>
</ul>



When you create your account, the next step is converting your art. You can start converting your digital artwork with the help of Add New Item button. This button assists you in uploading the art that you want to transform into a non-fungible token. After uploading the file, click on &#8220;Create.&#8221;



<ul>
<li>Mint an NFT:</li>
</ul>



The non-fungible token platform usually has an automated minting process on the site for the benefit of the users. It largely remains the same for all blockchains, with slight variations here and there. Although it&#8217;s hard to estimate how long the minting of a non-fungible token can take, most platforms, tools, and apps have streamlined the process to make it user-friendly.



Once the process is completed, the artwork transforms into a non-fungible token. You will also have to pay a minting fee to change your art into a non-fungible token.



<ul>
<li>Set your prices:</li>
</ul>



Once you create and mint your non-fungible token artworks, they are ready to get sold. But before putting them on sale, you’ll have decide on the price. Since you are designer of the non-fungible token, you are the right owner to decide on price. If you are confused about determining the price, research on NFT art prices.&nbsp; Know more about <a href="https://upyo.com/en/post/nft-pricing">pricing NFTs</a>.



Check how other artists are charging and see the parameters that are included to set a price. In case, you are yet to make a name in this sector, it is best to keep a affordable price.&nbsp;



<ul>
<li>Sell your NFT:</li>
</ul>



After deciding on the price, you can list your non-fungible token artworks on the chosen platform at a preferred price. Just follow the procedures followed in the platform and you’ll be good to go.



<h4>Conclusion</h4>



This is an excellent time for digital artists to take advantage of non-fungible token industry. Artists and aspiring artists can reap the benefits of the booming NFT industry by creating unique artworks. In fact, converting artwork into non-fungible tokens is seen as a lucrative job that helps you earn good revenue or act as a extra source of income.



Becoming an artist is not difficult, provided you have a crypto wallet and internet connection. You can follow the steps provided in this article and start your non-fungible token journey easily. Numerous investors are searching for good NFT artists; so choose your art style and get started without any delay. Just be patient and consistent in your approach to finding success.

How to become an NFT Artist?

Non-fungible tokens piqued the investment community&#8217;s interest in 2021 with the rise of high-profile digital art sales such as &#8220;Everydays: The First 5000 Days.&#8221; According to research platform Dapp Radar, $25.5 billion in non-fungible tokens were sold last year, grabbing the interest of digital investors. Furthermore, there was an increase in the number of NFT sales in 2022 as well.&nbsp;



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="976" height="549" src="http://adminblog.upyo.io/wp-content/uploads/2022/11/5000-Days-1.jpg" alt="nft taxation" class="wp-image-2546" srcset="https://3.111.63.208/wp-content/uploads/2022/11/5000-Days-1.jpg 976w, https://3.111.63.208/wp-content/uploads/2022/11/5000-Days-1-300x169.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/11/5000-Days-1-768x432.jpg 768w" sizes="(max-width: 976px) 100vw, 976px" /></figure>



However, in this rapidly developing industry, the IRS has yet to provide clear guidance on several tax concerns, confusing people. This article will discuss some of the tax concerns related to non-fungible tokens.



<h2>Are NFTs taxable?</h2>



The great majority of NFTs are subject to some form of taxation. When artists sell NFTs, they must report the income earned on their tax returns:



<ul><li>Sales or transactions are taxed as property if you are an investor.</li><li>Offering a non-fungible token in exchange for cryptocurrencies</li></ul>



<h2>Countries where NFTs are taxed</h2>



Non-fungible tokens are taxed in the same way as cryptocurrencies or fungible tokens. Most countries around the world have levied some form of taxes on non-fungible tokens as they are quickly realizing the fantastic opportunity that lies in NFT and other crypto-based assets.



<h3>Countries where NFTs are tax-free</h3>



Here is a list of countries with crypto-friendly tax regimes:



<ul><li>Belarus:</li></ul>



Belarus is testing the waters with cryptocurrencies, and a law passed in 2018 legalized the activities concerned with crypto in the East European state. This law exempts people and businesses from taxes until 2023 (when it will come up for review).



Furthermore, the law covers regards investments and crypto mining as personal investments and exempts them from capital gains and income tax. These laws are passed to promote the digital economy. As a result, this country ranks third in Eastern Europe and 19th globally with regard to P2P crypto trading.



<ul><li>Germany:</li></ul>



Germany has a distinct approach to taxing digital currencies. Unlike most other countries, this country views crypto as private money rather than a currency, commodity, or stock.



Furthermore, any cryptocurrency, irrespective of its amount, if held for more than a year by a German resident, is considered tax-free. But, if the assets are held for less than a year, capital gains tax is not levied on a sale if the proceeds do not exceed 600 euros ($692).&nbsp;



However, the same laws cannot be applied to businesses. As a result, any startup incorporated in Germany must pay corporate income taxes on cryptocurrency gains. Things changed in 2021 when a contentious new tax law was bought into effect, effectively killing crypto derivative instruments trading in Germany as the losses could no longer be discounted. The legislation reflects European efforts to regulate derivatives.



<ul><li>El Salvador:</li></ul>



Following the passage of legislation making Bitcoin legal tender in El Salvador, the country is expected to exempt foreign investors from paying taxes on their Bitcoin gains. While a legal framework for these tax breaks has yet to be established, it is clear that the country intends to entice foreign investors with crypto portfolios.



<ul><li>Malaysia:</li></ul>



Cryptocurrency transactions are currently tax-free in this country. Furthermore, cryptocurrencies do not meet the criteria for capital gains tax as the authorities do not regard digital currencies to be assets or legal tender. On the other hand, profits from active crypto trading may be considered revenue and thus considered taxable income.



If the transaction is more of a capital gain, passive, or, as is sometimes done, unplanned or unsystematic, the profit from the sale and purchase is tax-free income. In contrast, active, systematic, and repeated trading means that &#8220;the party is considered to have conducted a transaction or profession,&#8221; and the profits generated from those transactions are taxable. Furthermore, businesses dealing in cryptocurrency must also pay Malaysian income tax.



<ul><li>Malta:</li></ul>



The government recognizes Bitcoin as a &#8220;unit of account, medium of exchange, or store of value.&#8221; Long-held digital currencies such as Bitcoin are not subject to capital gains tax in Malta, but crypto trades are treated similarly to day trading in stocks or shares and are subject to 35% business income tax. However, through &#8220;structuring options&#8221; available under the Maltese system, this can be reduced to between 5% and 0%.



<h2>How are NFTs taxed?</h2>



Some type of taxation governs the overwhelming majority of NFTs.&nbsp;



<ul><li>When artists sell NFTs, they must report the income earned on their tax returns.</li><li>Sales or trades are taxed as property if you are an investor.</li><li>Selling a non-fungible token in exchange for cryptocurrency</li><li>Using a fungible cryptocurrency to <a href="https://upyo.com/en/post/how-to-buy-nft">purchase an NFT</a></li><li>Exchanging one NFT for another</li></ul>



<h3>For creators:</h3>



<ul><li>Their profits are regarded as income and subject to usual income tax rates ranging from 10% to 37%.</li><li>Your complete, non-fungible token income is subject to self-employment taxes at a rate of 15.3%.</li></ul>



<h3>For investors:</h3>



<ul><li>NFTs may be taxed as property for investors. You could pay anything from 0% to 20%, depending on your income.</li><li>Here are six things that anyone involved in the creation and trading of NFTs should be aware of.</li><li>Until an NFT sells, investors and creators owe no tax.</li><li>NFTs, on the other hand, could be classified as stamps, antiques, or trading cards. These are taxed at a rate of 28%.</li><li>It all depends on how long you keep your asset.</li></ul>



If you are creating or trading NFTs, you will not be taxed until the NFT is sold. It is the same for a creator as it is for anyone who produces something, such as a painting. They realize revenue on the production when they sell the artwork, but not before. That income will be treated as ordinary income and taxed similarly to any other work-related payments.&nbsp;



In the case of NFT trades, traders must pay taxes if they profitably sell an NFT. However, as long as they hold the NFT and do not sell it, they are exempt from paying taxes on their unrealized gains. Furthermore, secondary sales revenue is also regarded as ordinary income and taxed as previously described.



<h2>NFT Tax Loopholes</h2>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="590" height="396" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/Tax-Loopholes.jpg" alt="nft tax loophole" class="wp-image-3572" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Tax-Loopholes.jpg 590w, https://3.111.63.208/wp-content/uploads/2023/01/Tax-Loopholes-300x201.jpg 300w" sizes="(max-width: 590px) 100vw, 590px" /></figure>



Now, let&#8217;s see some of the tax loopholes that an investor can face.



<ul><li>Loophole 1:</li></ul>



Below are the three scenarios where you may be liable for taxes without ever receiving any money:



<ul><li>Buying a non-fungible token with cryptocurrency tokens</li><li>Non-fungible token swapping&nbsp;</li><li>Acquiring cryptocurrency as a royalties fee</li></ul>



<ul><li>Loophole 2:</li></ul>



If you&#8217;ve made a lot of <a href="https://upyo.com/en/post/make-money-with-nft">money from non-fungible tokens</a>, you might be surprised by a tax bill once a quarter. This could result in underpayment penalties. Thus, you should consult with a certified tax professional to determine your quarterly tax obligation.



<ul><li>Loophole 3:</li></ul>



You must pay short-term capital gains tax if you sell your non-fungible token within a year. Also, if you were on the NFT bandwagon in 2021, you will almost certainly have to pay short-term capital gains tax, which may be taxed at 37% for investors in the highest tax bracket. In addition, if your net investment income breaches the applicable income threshold for the year, you must pay a 3.8% net income tax.



You will be subject to long-term capital gains tax when you sell your non-fungible tokens after a year. The tax law generally favors long-term capital gains and subjects the investor to less tax than short-term capital gains. Moreover, the long-term capital gains tax for cryptocurrencies and stocks is 20%, but for NFTs, long-term gains are 28% for high-income earners.



<h4>Conclusion</h4>



Knowing the tax regulations around NFT and cryptos is vital before investing money into them. The rules will vary depending on the country and region. Always check with local and federal agencies about the process to <a href="https://upyo.com/en/post/how-to-invest-in-nft">invest in NFTs safely</a> with tax compliance.

NFT Taxes: Everything You Need to Know About

It is no longer a secret that NFTs are altering global perceptions of currency and monetary value. These intangible assets drive change in various industries, from art to real estate. This NFT fever has infected not only celebrities but also brands.



Non-fungible tokens are catching the attention of global brands, who are investing in learning more about them. Companies such as Coca-Cola have already jumped on the NFT bandwagon, cementing their positions as market leaders.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/Coca_Cola_salutes_a_year_in_the_metaverse_with_the_International-1024x576.jpg" alt="Coca Cola NFT" class="wp-image-1345" srcset="https://3.111.63.208/wp-content/uploads/2022/09/Coca_Cola_salutes_a_year_in_the_metaverse_with_the_International-1024x576.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/09/Coca_Cola_salutes_a_year_in_the_metaverse_with_the_International-300x169.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/09/Coca_Cola_salutes_a_year_in_the_metaverse_with_the_International-768x432.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/09/Coca_Cola_salutes_a_year_in_the_metaverse_with_the_International.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Certain concepts must first be grasped by organizations seeking to understand what an NFT is and how it could be used to drive brand value. This article will help you understand how brands employ non-fungible tokens and the benefits they gain from them.



<h2>How Brands Use NFTs?</h2>



Brands have incorporated non-fungible tokens into their brand and marketing strategies in numerous ways to drive brand value, boost conversion, and designate long-term connections. Here are some instances of how brands used NFT as part of their strategy.



<ul><li>Digital Merchandising</li></ul>



Several fashion brands use non-fungible tokens to engage customers and establish new examples for fashion events. In fact, NFTs introduced new ways of approaching the public. Decentraland is one of the <a href="https://upyo.com/en/post/metaverse-platforms">popular metaverse platforms</a> that employed this concept and held a completely virtual and interactive Fashion Week event. 



This event attracted popular brands such as Paco Rabanne, Tommy Hilfiger, Forever 21, etc., who participated in the event. The show sold non-fungible tokens of accessories and clothes representing different brands.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/Decenterland-Event-1024x576.jpg" alt="Decenterland Event" class="wp-image-3500" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Decenterland-Event-1024x576.jpg 1024w, https://3.111.63.208/wp-content/uploads/2023/01/Decenterland-Event-300x169.jpg 300w, https://3.111.63.208/wp-content/uploads/2023/01/Decenterland-Event-768x432.jpg 768w, https://3.111.63.208/wp-content/uploads/2023/01/Decenterland-Event-1536x864.jpg 1536w, https://3.111.63.208/wp-content/uploads/2023/01/Decenterland-Event.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul><li>Event tickets</li></ul>



Ticketing industry benefits enormously with the help of non-fungible tokens. In fact, NFTs have changed the way tickets are sold. Moreover, NFT ticket holders receive more than just a ticket to an event; they also receive an immutable and often interactive digital asset that grants them entry into a show or festival.&nbsp;



These tickets also grant holders access to exclusive experiences, such as fan clubs comprised solely of NFT ticket holders. An event organizer can use non-fungible tokens to encourage attendees to attend breakout sessions or limit attendance at specific conference events.



<ul><li>Fundraising</li></ul>



NFTs provide nonprofits with a new revenue stream, but they also allow organizations to expand their network and connect with many new supporters for their cause.



The most significant advantage of raising <a href="https://upyo.com/en/post/how-to-sell-nft">funds through NFT sales</a> is the dilution of ownership. Entrepreneurs who design their projects so that the NFTs increase in value as the business grows can raise funds without giving up ownership of the startup.



There are many people, projects, and businesses that contribute to the growing philanthropic side of the NFT community. Many nonprofits form long-term relationships with the NFT community and earn ongoing support for their mission.



<ul><li>Unique experiences</li></ul>



Some businesses have used non-fungible tokens to provide their customers with one-of-a-kind experiences. This is the scenario of the Californian winery Robert Mondavi, which chose to launch the world&#8217;s first NFT-sold wine label.&nbsp;



<ul><li>Music and art Festivals/Events</li></ul>



Music festivals are warming up to the idea of non-fungible tokens and Coachella Valley Music and Arts Festival is one of the prime examples of that. The premium participants of the festival got a non-fungible token picture of a blooming flower.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/Coachella-Valley-Music-1024x538.png" alt="Coachella Valley Music" class="wp-image-3501" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Coachella-Valley-Music-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2023/01/Coachella-Valley-Music-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2023/01/Coachella-Valley-Music-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2023/01/Coachella-Valley-Music.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



The team also introduced new technologies, such as metaverse and cashless payment, to mix in-person experiences with virtual marketing.



<h2>Notable brands that encashed the NFT hype</h2>



<ul><li>Gucci:</li></ul>



Gucci is a notable high-end fashion brand that used non-fungible tokens as part of its marketing strategy. This brand joined hands with Superplastic to launch a limited non-fungible token three-part series. The token was accompanied by SUPERGUCCI (exclusive ceramic sculpture). The brand launched a Discord channel encouraging information sharing on metaverse.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="569" src="http://adminblog.upyo.io/wp-content/uploads/2022/11/NFT-gucci-1024x569.png" alt="NFT gucci" class="wp-image-2491" srcset="https://3.111.63.208/wp-content/uploads/2022/11/NFT-gucci-1024x569.png 1024w, https://3.111.63.208/wp-content/uploads/2022/11/NFT-gucci-300x167.png 300w, https://3.111.63.208/wp-content/uploads/2022/11/NFT-gucci-768x427.png 768w, https://3.111.63.208/wp-content/uploads/2022/11/NFT-gucci.png 1421w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul><li>Pizza Hut Canada:</li></ul>



This brand had an innovative marketing campaign where they launched a series of pixelated pizzas to advertise a special offer on four recipes that are available at the restaurant.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/Pizza-Hut-NFT-1024x683.jpg" alt="Pizza Hut NFT" class="wp-image-3497" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Pizza-Hut-NFT-1024x683.jpg 1024w, https://3.111.63.208/wp-content/uploads/2023/01/Pizza-Hut-NFT-300x200.jpg 300w, https://3.111.63.208/wp-content/uploads/2023/01/Pizza-Hut-NFT-768x512.jpg 768w, https://3.111.63.208/wp-content/uploads/2023/01/Pizza-Hut-NFT-1536x1024.jpg 1536w, https://3.111.63.208/wp-content/uploads/2023/01/Pizza-Hut-NFT-2048x1365.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul><li>Adidas:</li></ul>



Adidas combined their physical products with virtual to give a special experience to their customers. As a result, they released their first non-fungible token along with a hoodie with blockchain address, a tracksuit, and an orange beanie. The brand chose to be inclusive and offered tangible products along with non-fungible tokens.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="648" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/Adidas-NFT-1024x648.jpg" alt="Adidas NFT" class="wp-image-3498" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Adidas-NFT-1024x648.jpg 1024w, https://3.111.63.208/wp-content/uploads/2023/01/Adidas-NFT-300x190.jpg 300w, https://3.111.63.208/wp-content/uploads/2023/01/Adidas-NFT-768x486.jpg 768w, https://3.111.63.208/wp-content/uploads/2023/01/Adidas-NFT.jpg 1402w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul><li>Mac cosmetics:</li></ul>



This notable cosmetic brand effectively made use of non-fungible tokens to communicate its brand values to its customers. They launched an NFT collection to mark America&#8217;s National Youth HIV/Aids Awareness Day, wherein the revenue generated by the primary and secondary sales went to M·A·C VIVA GLAM Fund and the Keith Haring Foundation.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/Mac-cosmetics-NFT-1024x538.png" alt="Mac cosmetics NFT" class="wp-image-3499" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Mac-cosmetics-NFT-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2023/01/Mac-cosmetics-NFT-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2023/01/Mac-cosmetics-NFT-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2023/01/Mac-cosmetics-NFT.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3>Why should Brands Care about NFTs?</h3>



NFTs, as we know, are special digital entities that have their ownership tracked and kept safe on a computer system called the blockchain. With the phenomenal rise of non-fungible tokens, numerous brands and businesses are eyeing these unique tokens to utilize and expand their revenue. It is known that brands often talk about reaching more customers or creating loyalty which needs extra effort and numerous strategies.



However, when a brand uses non-fungible tokens, it can reach these objectives easily through direct customer interactions. Non-fungible tokens incorporate a completely new dimension to customer engagement, allowing brands to communicate directly with their most valuable audience. Thus, one can say that brands must care about non-fungible tokens.



<h2>How Do NFTs Benefit Brands?</h2>



Non-fungible tokens provide numerous benefits to brands and businesses, such as



<ul><li>Special and unique experiences: Offering unique and memorable customer experiences to the customers is part of building a solid fanbase. And non-fungible tokens help brands interact with their customers on a personal level.</li><li>Improve customer relationships: NFTs enable brands to prioritize their most loyal customers while also increasing revenue and going to deliver a new set of products and exclusive rights.</li><li>Enhance brand awareness: In recent years, non-fungible tokens have grown in popularity as a tool for businesses to boost brand awareness. Businesses can attach digital assets to their brand by creating NFTs or NFT collections, which customers can then trade or sell.</li></ul>



<h4>Conclusion</h4>



Whether hyped or not, non-fungible tokens have been growing significantly since 2021. Brands have been gaining great results with their customers, providing exclusive experiences to customers and generating a sense of community. Additionally, the brands are bringing younger audiences more easily tuned into new technologies, in addition to financial gains, with the help of non-fungible tokens.

NFT Brands: Benefits of Using NFT For Brand Awareness

NFT was introduced to the world a few years ago, but it got its recognition recently, which opened a new door for artists, investors, business owners, and the general public. While artists and other NFT creators can easily create their tokens, what about someone who has no idea about designing?



Assume you want to create a non-fungible token but do not possess any professional knowledge. So, what will you do? The answer is simple &#8211; you hire NFT artists! Hiring a non-fungible token artist is straightforward through freelance platforms.



This article will help you to hire a successful freelancer for your requirements.



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="800" height="500" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/Hire-NFT-Artists.jpg" alt="Hire NFT Artists" class="wp-image-3423" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Hire-NFT-Artists.jpg 800w, https://3.111.63.208/wp-content/uploads/2023/01/Hire-NFT-Artists-300x188.jpg 300w, https://3.111.63.208/wp-content/uploads/2023/01/Hire-NFT-Artists-768x480.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure>



<h2>How do I hire an artist to create an NFT?</h2>



You can hire a non-fungible token artist and developer easily with the help of verified freelance websites. Just remember the below factors when selecting a freelancer:



<ul><li>Portfolio: This is one of the most crucial factors to consider before hiring an artist. A portfolio gives an idea of what kinds of projects or works the artist did before so that you can evaluate whether they fit your bill. Usually, the artists upload their portfolios on freelance sites, so you can go through them before shortlisting the artists.</li><li>Filters: This is one of the features that help you narrow down the freelancers for you. You can apply price, delivery time, and many other filters.</li><li>Intellectual property (IP) rights: Trading non-fungible tokens do have some legal complications. So, hire an artist who grants you full ownership and be clear with your terms and conditions.</li></ul>



Apart from freelance websites, you can also use social media platforms like Twitter, Meta, etc., to hire freelancers.



Here are some significant benefits of hiring an NFT designer for you or your business:



<ul><li>Saves time</li><li>You can get more done faster</li><li>Stand out from the rest</li></ul>



<h3>How much does it cost to hire an NFT artist?</h3>



NFT artists may charge anywhere between $100 and $350 for one base NFT + accessories. Furthermore, scaling to 5,000 or 10,000 non-fungible tokens can cost between $2,000 and $4,000. However, these costs are speculative and the actual cost depends on your requirements.



Firstly, recognize the type of specialist you want to hire as each artist has their own area of expertise that demand specific charges:



<ul><li>NFT Animators: Major in film art, motion art, and anime art.</li><li>NFT Illustrators: Major in artwork (digital, conceptual, and fantasy).</li></ul>



<ul><li>NFT Graphic Designers: Major in commercial design, typography, and logos.</li><li>NFT Musicians: Major in music and audio sectors related to singing.</li><li>NFT Painters: Major in watercolors, paint, and murals.</li></ul>



Remember that you may require multiple artists (depending on your task requirements).



<h2>7 Best Websites to Hire NFT Artists</h2>



<ul><li>24Task:</li></ul>



<a href="https://24task.com/">24Task</a> is an excellent platform when it comes to hiring freelancers. The platform offers various options, from primary content writing to complex web development. NFT artists are the new addition to their numerous other categories.



<figure class="wp-block-image size-full is-resized"><img decoding="async" loading="lazy" src="https://adminblog.upyo.io/wp-content/uploads/2023/01/24task1.jpg" alt="24Task" class="wp-image-3416" width="650" height="326" srcset="https://3.111.63.208/wp-content/uploads/2023/01/24task1.jpg 740w, https://3.111.63.208/wp-content/uploads/2023/01/24task1-300x151.jpg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>



Hiring from 24Task is pretty straightforward. The filter option lets you choose the type of freelancer and budget. Based on the information you provide, the platform will give you a list of top-rated freelancers that matches your requirements. You can easily find a suitable top-notch NFT artist across the globe. Know the <a href="https://upyo.com/en/post/female-nft-artists">best Female NFT artists</a>.



<ul><li>Fiverr:</li></ul>



This is a leading freelance platform with thousands of freelance artists and designers. There are numerous freelancers on this site who work as NFT creators with varying service charges. Additionally, one can also find hundreds of NFT-related gigs on their site.



You can search the site using filters like the art style, budget, ratings, and so on to shortlist the artists. Setting filters can save you significant time and help with the best possible matches for your venture. You can select one of the freelancers from the search results and give your task to the. Once the task is completed you can receive the work from them after you can pay the charges.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/Fiverr-1024x538.png" alt="Fiverr" class="wp-image-3417" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Fiverr-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2023/01/Fiverr-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2023/01/Fiverr-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2023/01/Fiverr.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



After the payment is completed, you&#8217;ll have complete ownership of your commissioned design on Fiverr. Since every freelancer on this platform works under the same legal contract, you don&#8217;t have to fret over the legal contract terminologies.



Note: It must be noted that you may not get complete commercial rights over the work of some artists or designers. Thus, if you want full commercial rights over the work, try searching for the artist who provides the rights which may take some time.



<ul><li>Toptal:</li></ul>



Toptal is another top-notch freelance marketplace founded in the United States in 2010. The site has a large number of graphic designers and other talented freelancers. As NFT grows, a few artists have begun their journey in this field. Although there aren&#8217;t a lot of NFT artists, the site guarantees that you get intellectual property after you pay for the work. In other words, you&#8217;ll be granted commercial rights.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="536" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/Toptal-1024x536.png" alt="Toptal" class="wp-image-3418" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Toptal-1024x536.png 1024w, https://3.111.63.208/wp-content/uploads/2023/01/Toptal-300x157.png 300w, https://3.111.63.208/wp-content/uploads/2023/01/Toptal-768x402.png 768w, https://3.111.63.208/wp-content/uploads/2023/01/Toptal-1536x804.png 1536w, https://3.111.63.208/wp-content/uploads/2023/01/Toptal.png 1720w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



The site&#8217;s primary objective is to assist freelancers and clients in developing long-term relationships. Furthermore, the site requires a deposit of $500 which will be refunded later. While this is not seen as a major problem in case you want a series of non-fungible tokens to be created. However, if you want just one design with a limited budget, the deposit can be seen as a hurdle.



<ul><li>Upwork:</li></ul>



Formerly known as &#8220;Elance-oDesk,&#8221; this platform is another popular freelance platform for finding any type of freelancer worldwide. The website was ranked as one of the most influential companies in 2022. With a vast talent pool in numerous categories, you can find talented artists available for NFT creation there.



You can search for freelancers on this platform using the filters and have a look at a freelancer&#8217;s profile from the search results. Additionally, you can make a note of the hourly rates for freelancers, job success rates, and delivery times.



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1008" height="720" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/Upwork.jpg" alt="Upwork" class="wp-image-3419" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Upwork.jpg 1008w, https://3.111.63.208/wp-content/uploads/2023/01/Upwork-300x214.jpg 300w, https://3.111.63.208/wp-content/uploads/2023/01/Upwork-768x549.jpg 768w" sizes="(max-width: 1008px) 100vw, 1008px" /></figure>



Furthermore, the site offers catalogs which can also help you hire artists on this platform. These catalogs are like a side hustle. For instance, if you want to search for and hire a freelancer who fits your budget, you can easily make a buyer request or schedule an interview. This helps suitable freelancers reach out to you.



The freelancers will send a proposal based on your request so that you can interview and hire an NFT artist for your venture. This step can save you a lot of time that is spent searching.



However, the issue with this platform is its user interface which is cumbersome and outdated. The interface can pose a problem if you want to search artists based on certain art styles. On the other hand, there are other features that help you post your requirements and invite freelancers to have a look at your venture. This feature is free, time-saving, and proves helpful.



Furthermore, when you commission an NFT on this site, you&#8217;re usually covered by their Service Contract Terms unless your freelance designer uses their own contract. So, you don’t have to worry about the IP rights of the work as once the payment is completed, you’ll get the right as per the contract.



Moreover, you’ll also obtain the distribution rights to distribute your design as a standard, which can be extremely useful if you plan on releasing multiple non-fungible tokens.



<ul><li>Freelancer:</li></ul>



Launched in 2009, Freelancer is one of the best platforms for hiring freelance artists and designers. Although there are few non-fungible token-specific artists, you can find hundreds of graphic designers on the site. The freelancers&#8217; annual revenue on this site ranges from $25 million to $50 million.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="https://adminblog.upyo.io/wp-content/uploads/2023/01/Freelancer-1024x538.png" alt="" class="wp-image-3420" srcset="https://3.111.63.208/wp-content/uploads/2023/01/Freelancer-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2023/01/Freelancer-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2023/01/Freelancer-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2023/01/Freelancer.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Hiring freelancers on this site is effortless and simple. You can communicate with a suitable freelance designer directly to discuss your requirements here. Or, you can simply post your requirements on the site so interested freelancers can submit their bids. Additionally, the site provides a special service called Recruiter Service, which, when enlisted, provides you with a list of hand-picked designers.



<ul><li>People Per Hour:</li></ul>



People Per Hour debuted in 2007 and is also a sought-after site for freelancers. This platform allows freelancers to earn money by selling services. You can find non-fungible token artists and designers on this platform. The site has a pretty simple user interface where you can commission work to an artist.



Just describe and create your NFT project to post on the site so freelancers can reach out. Once posted, freelancers will bid on the request; you can go through the submissions, view the freelancers&#8217; profiles, and see the bids. Shortlist the profiles that you find satisfactory and finalize one of them for your project.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/People-Per-Hour-1024x538.png" alt="People Per Hour" class="wp-image-3421" srcset="https://3.111.63.208/wp-content/uploads/2023/01/People-Per-Hour-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2023/01/People-Per-Hour-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2023/01/People-Per-Hour-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2023/01/People-Per-Hour.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Before starting the task, ensure to talk about your IP rights. You can create an agreement where the freelance artist agrees to provide complete intellectual property rights to you.



<ul><li>DesignCrowd:</li></ul>



Unlike the sites so far mentioned in this article, DesignCrowd works differently. You do not have the option to contact the freelancers directly, but you can post your requirements with a brief description on the site. Along with the description, you can also add a deadline and budget to your description.



Once posted, the artists on the site will submit the designs based on the description, so you can check them and finalize a design. The artists usually fix a charge based on the project type.



Moreover, you have the option to mark your project as private by paying an extra charge. This option makes your project visible to designers alone. Choose this option if you want to release a <a href="https://upyo.com/en/post/nft-calendar-sites">surprise non-fungible token</a>.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2023/01/DesignCrowd-1024x538.png" alt="DesignCrowd" class="wp-image-3422" srcset="https://3.111.63.208/wp-content/uploads/2023/01/DesignCrowd-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2023/01/DesignCrowd-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2023/01/DesignCrowd-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2023/01/DesignCrowd.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Furthermore, if you like a design and want some modifications, you can request revisions from the respective designer. Additionally, they have a refund option that is subject to terms and conditions (please check their refund policy for more details).



While these are some positives of this platform, there are also some negatives that you must be aware of. It can be said that commissioning a non-fungible token can be challenging on this site. You may not like the designs you get on this platform, which can be a massive waste of time.



However, you do not need to be concerned about any copyright issues. Once you pay the artist, you&#8217;ll have complete intellectual property rights, along with commercial rights.



<h4>Conclusion</h4>



These are some top websites where you can hire an independent designer to design a non-fungible token for you. You can easily search for NFT artists on these websites based on your preference once you decide on your NFT requirements. However, do your research before enlisting service from freelancers.

Best Websites to Hire NFT Artists

One of the quandaries that NFT art curators face is how to display their artwork collection. Most would want to share their collection with the world or with an exclusive like-minded group. However, they do not know how or where to share them. If you are in such a dilemma, the answer is simple -NFT gallery!



Whether you want to earn revenue or simply <a href="https://upyo.com/en/post/display-nft">show off your NFT collection</a>, the NFT gallery is a great option that you can try. This article will cover the basic concepts of non-fungible token galleries and help you understand how they can benefit you.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/UPYO-BLOG-EVENT-1024x538.png" alt="NFT Art Gallery" class="wp-image-3356" srcset="https://3.111.63.208/wp-content/uploads/2022/12/UPYO-BLOG-EVENT-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/12/UPYO-BLOG-EVENT-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/12/UPYO-BLOG-EVENT-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/12/UPYO-BLOG-EVENT.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2>What is NFT Gallery?</h2>



It is a unique virtual place where non-fungible token art collectors showcase their non-fungible token collections. In other words, a non-fungible token gallery is a site where you can see numerous non-fungible token collections. The non-fungible token gallery is similar to that traditional art gallery where NFT curators display, share, or sell their tokens.



<h2>How does Virtual NFT Gallery work?</h2>



As mentioned above, the concept of a virtual gallery is similar to a traditional art gallery. The NFT gallery exhibits artworks corresponding to a specific idea or theme. And, as the name suggests, virtual art galleries are hosted online, usually through websites. Furthermore, the exhibition can be kept private or public as per the curator&#8217;s preference.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="483" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/NFT-exhibition-1024x483.jpg" alt="NFT exhibition" class="wp-image-3357" srcset="https://3.111.63.208/wp-content/uploads/2022/12/NFT-exhibition-1024x483.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/12/NFT-exhibition-300x142.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/12/NFT-exhibition-768x362.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/12/NFT-exhibition-1536x725.jpg 1536w, https://3.111.63.208/wp-content/uploads/2022/12/NFT-exhibition-2048x966.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



The visitors to this gallery can view the artworks and purchase them easily. In fact, the transaction process in the NFT gallery is comparatively smooth and faster than in the traditional gallery. Moreover, the purpose of the NFT gallery decides how it must function.&nbsp;



For instance, a private NFT gallery requires a simple website where the owners can display their collections. The primary objective of this gallery is to show non-fungible tokens on a selected medium. Usually, one can display the tokens in a number of ways; through a website (where one can use a collage), metaverse, independent digital space, or a museum-like space.



While the private gallery is open to an exclusive group of visitors, a public gallery works like a virtual marketplace; wherein collectors can register and list their non-fungible tokens.



<h3>Physical NFT Gallery vs. NFT Online Gallery</h3>



NFT art galleries can be hosted in two major ways &#8211; virtually and physically. The physical non-fungible token gallery is also called an &#8220;in-person&#8221; gallery. As the name implies, the significant difference between these two is how non-fungible tokens are displayed.



A virtual gallery has a dedicated website where you can share your collection online with the viewers. In addition to the non-fungible tokens, the visitors can get to know some extra information about the tokens, such as background information in the gallery. The process of displaying the token is simple and includes uploading the artwork, adding some background information, and the price.



Moreover, the gallery can be a metaverse where the visitors can have a phenomenal experience of viewing the artwork. One of the major advantages of having a virtual gallery is that you can host your artwork without stepping out of your home.



In contrast, a physical or in-person non-fungible token gallery has a physical location where non-fungible tokens are displayed on a digital screen. Buyers or viewers can visit the gallery if they are interested in interacting with the artists at the site.



Furthermore, a physical NFT gallery gives a feel of the traditional art gallery, wherein you get to view the artwork on screens instead of canvas. This type of gallery brings the traditional art setup and virtual technology together and bridges the gap between these two. Both galleries have their advantages, and it is up to the curator to decide which medium to use to display their collection.



<h2>Future of NFT Gallery</h2>



The non-fungible token gallery is an excellent concept that proves beneficial to digital artists. Moreover, it&#8217;s also a great experience for the viewer, as this type of display medium was unavailable previously due to a lack of technological advancements. Having said this, it remains to be seen whether the concept of an NFT gallery will survive. However, commercial NFT galleries will likely thrive if prices continue to rise, buoyed by the hype.



<h4>Conclusion</h4>



The non-fungible token gallery is an excellent place to share your collection with the world. In fact, they can prove to be a great space for artwork sales if the curator wants to earn revenue. Depending on their purpose and requirements, one can choose a physical or virtual NFT gallery. Whatever one chooses, this gallery is bound to give an outstanding experience to the viewers.

NFT Gallery: What is it, and how it works?

Crypto

Best NFT Crypto Coins to Invest in Right Now

A crypto wallet is a must-have for anyone who wants to trade in NFT. Crypto wallets enable the transaction of all types of cryptocurrencies, allowing users to buy and sell crypto tokens easily. If you want to lend or purchase assets on the decentralized finance protocol, you will require a compatible crypto wallet service to do so. These services allow you to store your digital currency, and some even allow you to <a href="https://upyo.com/en/post/store-nft">store your NFTs</a>.



MetaMask is one of the prominent digital wallet services that crypto enthusiasts widely use. This popular wallet is compatible with all Ethereum-based platforms and is a favorite among new and experienced crypto fans. The MetaMask wallet has over 21 million monthly users &#8211; a 38x growth from 2020.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/MetaMask-wallet-1-1024x538.png" alt="MetaMask wallet" class="wp-image-3303" srcset="https://3.111.63.208/wp-content/uploads/2022/12/MetaMask-wallet-1-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/12/MetaMask-wallet-1-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/12/MetaMask-wallet-1-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/12/MetaMask-wallet-1.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



This free wallet service is accessible through a mobile app or web browser extension. Thus, users can easily download the wallet directly to their mobile devices or to their browsers. Moreover, users can access more than three thousand distinct decentralized applications and Web3 services through MetaMask. 



<h2>The advantages of using MetaMask Wallet</h2>



<ul>
<li>The MetaMask wallet is insanely well-known as users require one extension to avail multitude of dapps.</li>



<li>It is available as a mobile app and browser extension.</li>



<li>The wallet has high-level security features.</li>



<li>Most decentralized applications are modeled to integrate with MetaMask, making it considerably simple to transfer and receive ETH.</li>



<li>One does not need to oversee the private keys; instead, remembering the set of phrases is enough. <a href="https://upyo.com/en/post/best-nft-wallets">Discover the best crypto wallets in the market</a>.</li>
</ul>



<h3>Is MetaMask Wallet safe?</h3>



The MetaMask wallet has numerous security measures, which makes it pretty safe to use. Furthermore, this crypto wallet does not save wallet details on its servers. This means that the user&#8217;s data is stored on the internet, which MetaMask cannot access. However, a skilled hacker can locate the encrypted file on your side.



Every cryptocurrency wallet has a public key that anyone can see and use to send crypto. Additionally, it&#8217;ll also have a private key. This private key must not be shared with anyone, as it lets the user access the tokens in the wallet.



Usually, the private keys are saved in the browser’s cache by the MetaMask. This enables the user to use their wallet easily. Moreover, one can decrypt the encrypted wallet with a password. Know more on <a href="https://upyo.com/en/post/nft-security">how to secure your NFTs</a>



Phishing and malware attacks, rather than direct hacks, are the most common ways that MetaMask wallets are compromised. Cyber vigilance, such as strong passwords and safe seed phrase storage, may prevent data hacking.



<h2>How to set up MetaMask Wallet?</h2>



You can set up the MetaMask wallet easily by following the steps given below:



<ul>
<li>Download MetaMask on Chrome:</li>
</ul>



We will demonstrate how to create a MetaMask wallet on Google Chrome. First, ensure that you have a Chrome browser on your PC. If you don&#8217;t have one, download it.



Next, download the MetaMask application from the official website. Please do not download it from any other sources. Once the application is downloaded, you can add it as an extension on your Chrome browser by clicking on the &#8220;Add to Chrome&#8221; tab.



Furthermore, you can also download the app from the Apple Store or the Google Play Store.



<ul>
<li>Select the &#8220;Get Started&#8221; tab:</li>
</ul>



Once the extension is installed on your browser, you can get started by clicking on the extension, which takes you to the &#8220;Welcome to MetaMask&#8221; page. Here, you can get started with wallet creation through the &#8220;Get Started&#8221; button.



<ul>
<li>Click the &#8220;Create a Wallet&#8221; button:</li>
</ul>



Once you select &#8220;Get Started,&#8221; the screen will direct you to the &#8220;New to MetaMask&#8221; page, wherein you&#8217;ll see two prompts, such as:



&#8220;No, I already have a Secret Recovery Phrase&#8221; &#8211; If you select this, you&#8217;ll be prompted to import your existing wallet. You&#8217;ll need your backup phrase for this option.



The other option is &#8211;



&#8220;Yes, let&#8217;s get set up!&#8221; &#8211; Choosing this option enables you to create a new MetaMask wallet. This is helpful if you are creating the wallet for the first time. Once you choose this option, click on &#8220;Create a Wallet&#8221; to proceed further.



<ul>
<li>Click on the &#8220;Agree&#8221; button:</li>
</ul>



After selecting the &#8220;Create a Wallet&#8221; option, you&#8217;ll be redirected to the &#8220;Help Us Improve MetaMask&#8221; page. Here, you&#8217;ll be presented with terms and conditions concerning the website and wallet. You must accept the terms and conditions to proceed further,



MetaMask does not collect its users&#8217; IP addresses or sell data to third parties. You can read the company&#8217;s terms and conditions to understand better how the company uses your data. Click on the &#8220;I Agree&#8221; tab to agree and move to the next step.



<ul>
<li>Create a password:</li>
</ul>



You&#8217;ll be landed on the &#8220;Create Password&#8221; page after you agree to the terms in the previous step. To create a safe password for your account, ensure to enter a strong password and fill in all the fields provided.



Note: Follow the instructions given on the page to create a strong password. Then re-enter the same password in the &#8220;Confirm password&#8221; field to complete the process. Once the password is created, agree to the terms of use and click on &#8220;Create.&#8221;



<ul>
<li>Store the seed phrase safely:</li>
</ul>



After creating the password, it is time to move on to the &#8220;Secret Backup Phrase&#8221; webpage. In this step, you will be assigned a unique secret backup phrase which is called a seed phrase.



Your secret seed is a 12-word combination chosen at random that allows you to import your MetaMask wallet. Click on the lock icon to reveal the secret 12 phrases and make a note of this backup phrase.



There are two ways to store your backup phrase: writing it down on paper or saving it in a password manager.



Note: Do not share your backup phrase with anyone.



<ul>
<li>Confirm backup phrase:</li>
</ul>



Next, proceed to the &#8220;Confirm your Secret Backup Phrase&#8221; page by clicking on the &#8220;Next&#8221; button. Please note that the screen will showcase the words of your recovery phrase in a jumbled order.



So, to acknowledge your backup phrase, rearrange each word in the phrase in the correct order. You have to click the words in the same order as they appear on your seed phrase. For instance, if the first four words of your seed phrase are &#8220;air,&#8221; &#8220;water,&#8221; &#8220;land,&#8221; and ground, you have to click on &#8220;air,&#8221; &#8220;water,&#8221; &#8220;land,&#8221; and ground, respectively. Once all the words are selected in the proper order, click on &#8220;Confirm.&#8221;



<ul>
<li>Start utilizing your MetaMask:</li>
</ul>



Once you confirm, you&#8217;ll be redirected to the congratulations page. Next, click on the &#8220;All Done&#8221; button to complete the wallet creation process. After completing the process, you&#8217;ll now be permitted to send Ethereum or any other cryptocurrency to your MetaMask wallet. However, to do that, you must first copy your Ethereum address from your MetaMask wallet and add it to the relevant fields on a crypto exchange platform.



<h3>How to set up multiple MetaMask wallets?</h3>



You can create and manage multiple MetaMask accounts by simply following the steps to create additional accounts. However, each of these accounts is linked to the same Secret Recovery Phrase.



<ul>
<li>Click the favicon at the top right of your wallet.</li>



<li>Click &#8220;Create Account.&#8221;</li>



<li>Enter your preferred name.</li>



<li>Click &#8220;Create&#8221; to confirm.</li>
</ul>



<h4>Conclusion</h4>



You can successfully create your Metamask wallet by following the instructions given in this article. Once done, you can transfer funds to your wallet and start using it to buy NFTs and other crypto assets. Ensure you&#8217;ve saved your secret recovery phrases somewhere safe and easily accessible when you need them. 



You can only access your MetaMask wallet if you remember your secret recovery phrases. As a result, you must keep your recovery phrases private from others.

A Step-by-step Guide on How to Setup MetaMask Wallet

Do you think NFTs are pricey and out-of-bounds? Well, popular non-fungible tokens are indeed costly, but you can own them for free if you know some hacks on how to earn them without spending too much money.



The first step in the process is to start being an active member of the online NFT community across multiple channels (Discord, Social Media, NFT marketplaces, etc.). Next, buyers should be aware that although it&#8217;s possible to get free NFT tokens, the crypto world is filled with scammers and fraudsters looking to make a quick buck. So, one must be careful about these scammers.&nbsp;



Now that you understand the risk let us see how to own non-fungible tokens for free.



<h2>Are there any free NFTs?</h2>



Yes, there are free non-fungible tokens available in the market. Brands use NFT initiatives as a marketing campaign to <a href="https://upyo.com/en/post/nft-promotion">promote their NFT</a> products and provide a unique digital experience for their customers. For example, companies like DC Comic, Burger King, Estee Lauder, and others have launched NFT campaigns to boost their branding. These companies have given out free NFTs to the public in the form of giveaways or airdrops.



Moreover, NFT projects regularly announce free NFT giveaways and airdrops in order to develop a large following. At the same time, collectors benefit from free NFTs or tokens as they may prove valuable in the future.



<h2>The best way of earning free NFTs</h2>



<h3>Play-to-earn Games</h3>



One of the simplest ways to earn free non-fungible tokens is to participate in leading play-to-earn crypto games. These blockchain games were created explicitly to empower NFT trading and aid in the popularization of NFT adoption among customers. Some crypto games may require an upfront deposit before gamers can start earning non-fungible tokens; even so, there are some free NFT games to be considered.



<ul>
<li>Axie Infinity- This is one of the most well-known and commonly used blockchain games. This game is parallel to Pokemon, wherein you battle your Axies (creatures) against the creatures of other gamers. Each Axie has a distinct personality, and gamers can purchase, trade, and breed them on the market. Although this is a popular game, remember that it is not free. However, gamers who own two qualified non-fungible tokens can &#8220;breed&#8221; them to create a third NFT that can be sold for free. Moreover, as long as you play the game, you occasionally get rewarded with free tokens that you can redeem. In addition, the Axie Infinity Scholarship program allows newbies to borrow non-fungible tokens to play the games and earn new non-fungible tokens.</li>
</ul>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/10/Axie-Infinity-1024x538.png" alt="Axie Infinity" class="wp-image-2212" srcset="https://3.111.63.208/wp-content/uploads/2022/10/Axie-Infinity-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/10/Axie-Infinity-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/10/Axie-Infinity-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/10/Axie-Infinity.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>The Sandbox- Sandbox is another popular metaverse game that rewards its users with free NFTs. Sandbox has given away SAND, its native token, as a newly launched game to encourage user participation. The game also organizes events that allow players to earn or win free tokens just for playing from time to time.</li>
</ul>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/The-Sandbox-1024x538.png" alt="Sandbox Platform" class="wp-image-1363" srcset="https://3.111.63.208/wp-content/uploads/2022/09/The-Sandbox-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/09/The-Sandbox-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/09/The-Sandbox-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/09/The-Sandbox.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>Splinterlands- Similar to Gods Unchained, this is a free-to-play trading card game wherein gamers earn money by playing the game. One can earn incentives if one wins card matchups in this game. To get started, you must first purchase a starter pack of cards, create a Steam account, and then unveil the cards you bought on the platform. You may find rare cards within your first purchase if you&#8217;re fortunate enough and can use your cards to battle other players or go on quests.</li>
</ul>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="821" height="462" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/splinterland.jpg" alt="splinterland" class="wp-image-1362" srcset="https://3.111.63.208/wp-content/uploads/2022/09/splinterland.jpg 821w, https://3.111.63.208/wp-content/uploads/2022/09/splinterland-300x169.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/09/splinterland-768x432.jpg 768w" sizes="(max-width: 821px) 100vw, 821px" /></figure>



Here are some more ways to get free non-fungible tokens from P2E games:



<ol>
<li>Some games allow you to participate in alpha/beta tests in exchange for free NFTs or tokens.</li>



<li>Blockchain games such as Farmers World and Alien Worlds provide free NFT drops to active participants.</li>



<li>At the start of some P2E blockchain games, beginners are given free in-game assets. These starter NFTs can be traded to provide utility to players in order for them to earn native tokens or NFTs.</li>



<li>Many gaming guilds and unlicensed programs offer NFTs to prospective players. In this scenario, the borrowed NFTs do not belong to you, but you can utilize them for free to gather shared earnings from the game without accruing any out-of-pocket expenses.</li>
</ol>



<h3>Free NFT Giveaway</h3>



Many NFT ventures usually announce free <a href="https://upyo.com/en/post/nft-gifts">NFT giveaways</a> on Twitter, Reddit, and Discord services to market their latest collections. It&#8217;s a common marketing tactic in the NFT community. These giveaways enable the ventures to instantaneously establish a following of excited NFT collectors, while collectors can receive a free NFT worth a small fortune.



Nonetheless, this method has its own set of difficulties. There is always the possibility that the NFT giveaway is a ruse designed to gain new, unsuspecting followers. Worse, the crypto space is rife with active scammers and hackers. Promising free NFTs is a tactic frequently used by these fraudsters to steal from participants.



Complete discretion is mandatory whenever you consider an NFT transaction online, especially for free NFT giveaways. You must always do extensive research and check the legitimacy of the NFT project before participating in the giveaway.



<ol>
<li>Twitter Giveaway:</li>
</ol>



Non-fungible tokens can also be obtained through Twitter projects that frequently announce giveaways. Look for hashtags or terms associated with NFTs to see which projects/accounts surface. Keep in mind that some are genuine, while others are fraudulent and use bogus gifts to generate &#8220;interaction.&#8221; It&#8217;s probably a scam if they promise to give away a <a href="https://upyo.com/en/post/expensive-bored-ape">Bored Ape or an extremely valuable NFT</a>. Furthermore, to enter the contest, you must usually follow the project&#8217;s Twitter account and may be asked to tag others. This is because some project owners believe that tagging other accounts will cause a chain reaction, pushing their project to go viral and sell out.



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="630" height="630" src="http://adminblog.upyo.io/wp-content/uploads/2022/11/Timbaland-Bored-Ape-Yacht-Club.png" alt="Bored Ape Yacht Club" class="wp-image-2764" srcset="https://3.111.63.208/wp-content/uploads/2022/11/Timbaland-Bored-Ape-Yacht-Club.png 630w, https://3.111.63.208/wp-content/uploads/2022/11/Timbaland-Bored-Ape-Yacht-Club-300x300.png 300w, https://3.111.63.208/wp-content/uploads/2022/11/Timbaland-Bored-Ape-Yacht-Club-150x150.png 150w" sizes="(max-width: 630px) 100vw, 630px" /></figure>



<ol start="2">
<li>Discord Giveaways:</li>
</ol>



Similar to Twitter, NFT ventures frequently reward their Discord community with non-fungible token-based gifts. They typically distribute NFTs from other collections or groups to show community support. The main difference between Twitter and Discord giveaways is the amount of time and effort required to find them.&nbsp;



Keeping track of multiple Discord channels is a monumental task. They all have busy schedules, and it&#8217;s easy to miss a community update. If you are serious about implementing this plan, make an effort to be as structured as possible when monitoring your communities.&nbsp;



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="614" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/Discord-NFT-1024x614.jpg" alt="NFT Discord" class="wp-image-1716" srcset="https://3.111.63.208/wp-content/uploads/2022/09/Discord-NFT-1024x614.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/09/Discord-NFT-300x180.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/09/Discord-NFT-768x461.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/09/Discord-NFT.jpg 1100w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Note: Also, remember that you’d have to be a buyer first to be eligible for a giveaway.&nbsp;



<h3>NFT Airdrop</h3>



NFT airdrops are instances in which an NFT is given to a qualifying user or investor, generally a project holder. The mutant veils for BAYC holders were one of the most well-known NFT airdrops.



The airdrop was exclusively for people who purchased one or more Bored Ape NFTs. As a “thank you” gift, the owners received a limited edition of Yuga Lab&#8217;s second project, Mutant Ape Yacht Club. This free airdrop to Bored Ape holders is worth approximately $50,000 as of January 2022.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="http://adminblog.upyo.io/wp-content/uploads/2022/10/Mutant-Ape-Yacht-Club-1024x576.png" alt="Mutant Ape Yacht Club" class="wp-image-2035" srcset="https://3.111.63.208/wp-content/uploads/2022/10/Mutant-Ape-Yacht-Club-1024x576.png 1024w, https://3.111.63.208/wp-content/uploads/2022/10/Mutant-Ape-Yacht-Club-300x169.png 300w, https://3.111.63.208/wp-content/uploads/2022/10/Mutant-Ape-Yacht-Club-768x432.png 768w, https://3.111.63.208/wp-content/uploads/2022/10/Mutant-Ape-Yacht-Club.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



This marketing technique allows for rapid project adoption and growth because people are generally delighted to receive free content. Airdrops are especially important in the NFT ecosystem because they give investors something to look forward to when purchasing an NFT.



What you should know about NFT airdrops is that they are not widely available as freebies. However, many emerging and small NFT artists incorporate airdrops into their strategy. Therefore, it doesn&#8217;t hurt if you join their community in order to receive free limited-edition NFTs as a reward.



Some airdrops mandate you to have a minimal amount of a specific asset, which can include a specific NFT, or to use a specific service, such as trading on a marketplace, to qualify for an airdrop. Typically there are four types of NFT airdrops:



<ol>
<li>Standard Airdrop- As the name suggests, this type of airdrop is pretty public. A certain quantity of cryptocurrency is transferred to your wallet in exchange for social media promotion (or) the purchase of NFT. You&#8217;re probably aware that it&#8217;s an airdrop; in some cases, you can follow their instructions to receive free limited-edition nfts.</li>



<li>Exclusive Airdrop- These airdrops are only available to elite NFT holders or active members of a community. They are frequently done to thank, respect, and reward the project&#8217;s most dedicated fan base.</li>



<li>Bounty Airdrop- Similar to the conventional NFT airdrop, this airdrop is also open to anyone. To receive a free token, you must engage in additional promotional activities. You might be asked to sign up for a newsletter, follow them on social media, or join Discord.</li>



<li>Holder Airdrop- A holder airdrop is another form of an exclusive airdrop. You can tell by the name that you need to be an NFT holder to get access to airdrops. Typically, you must own specific tokens, or cryptocurrency amounts to meet the criteria and be eligible for the drop. The BAYC airdrop is a prime example of a holder airdrop.</li>
</ol>



<h3>Free Mints</h3>



In order to grow and gain attention, some projects provide free mints. Except for the gas fees required to mint the piece on the blockchain, there is no upfront cost to giving out free mints. Keep in mind that specific blockchains may be more expensive than others. Because of rising gas prices, free mints on Ethereum may cost more than $100. Therefore, it&#8217;s not entirely free but still more cost-effective than buying an NFT directly.



<h3>Leveraging social media following to sponsor projects</h3>



New NFT creators are always searching for more traction to raise their NFT&#8217;s floor price. If you have a strong following on social networks such as Twitter, Discord, YouTube, or Instagram, you can assist these small creators in promoting their accounts in exchange for free NFTs.



Although having a large following is optional, such sponsorship efforts can be rather time-consuming as such collaborations require research and negotiations. You must identify projects with promises and then contact their accounts to offer sponsored articles. If both the relevant parties agree to the terms, you can initiate a working relationship where you sponsor their project in exchange for free NFTs.



<h3>Create Your Own NFT</h3>



Lastly, you can create your own NFT for free. Thanks to lazy minting features on multiple marketplaces, you can avoid incurring any minting fees to generate your NFTs. You can even sell your digital art to earn digital currency, which you can use to buy NFTs you like.



<h4>Conclusion</h4>



Non-fungible tokens are taking the world by storm, yet their expensive pricing keeps them out of reach for many. Many cryptocurrency users are investigating cheaper NFT alternatives, particularly the possibility of obtaining free NFTs and how to do so. The six methods discussed here can help you build your NFT collection while saving money. Hopefully, you&#8217;re now equipped with the information on gaining NFTs for free.

Best Ways To Get Free NFT

NFT changed the view of art in recent times. It is no exaggeration to say that non-fungible tokens opened a new avenue for artists to monetize their work. While NFTs aided art and artists in gaining much-needed recognition, art also facilitated NFT growth. In fact, most of the highest-selling NFTs to date are digital artworks.



Today, we can see a large number of artists going for digital art and trying to monetize their art pieces by tokenizing their work. However, despite the surging number of creators, some artists lack the knowledge to convert their artwork into NFT. If you are one of them, this article is for you.



<h2>How to convert art into NFT?</h2>



Converting art into a non-fungible token is not as tricky or expensive as most people perceive it to be. One needs good creative skills and a personal computer to get going. You can follow the below steps to create art and turn it into a non-fungible token easily:



<ul>
<li>Select the artwork:</li>
</ul>



The first step in converting artwork into a non-fungible token is to choose an appropriate work. Before selecting, remember that you can convert paintings, music, video clips, sports moments, or any other digital entity into a non-fungible token. So, if you want to transform a song or video, you can select that.



<ul>
<li>Choose a blockchain:</li>
</ul>



Choosing a blockchain platform to host your non-fungible tokens is essential in converting your work into NFTs. One may observe that numerous platforms are available today. So, you have lots of options at your disposal.



Always remember that each platform possesses its own wallet, non-fungible token standard, and marketplace. This means that a token created on a specific site can be purchased and sold on that site alone. Thus, thinking and picking a platform that suits your interests is crucial.



Here are some platforms that you can look up &#8211; Ethereum, Max, Tezos, Cosmos, Binance Smart Chain, etc.,



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/Ethereum-Based-1-1024x538.png" alt="Ethereum blockchain" class="wp-image-1539" srcset="https://3.111.63.208/wp-content/uploads/2022/09/Ethereum-Based-1-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/09/Ethereum-Based-1-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/09/Ethereum-Based-1-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/09/Ethereum-Based-1.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>Buy a small amount of Ethereum:</li>
</ul>



Once you select a platform, the next step is to buy some Ethereum to proceed further. This is because the marketplace charges specific fees to transform the art into a non-fungible token. However, remember that Ethereum&#8217;s cost often varies, so check before purchasing.



<ul>
<li>Connect the wallet to the non-fungible token marketplace:</li>
</ul>



After buying Ethereum, you&#8217;ll have to add it to the wallet and connect the wallet to the selected platform. You can choose Coinbase, MetaMask, or other wallets that are compatible with the venue you have chosen. Find out the best crypto wallet in the market.



<ul>
<li>Make an NFT account:</li>
</ul>



Once you connect the wallet to the platform, register as an artist on the platform to transform your work. To change, click on the &#8220;create&#8221; button, which compels you to connect your wallet. Furthermore, you&#8217;ll have to add a virtual signature for security purposes.



After accomplishing these tasks, you&#8217;ll be permitted to add (upload) your virtual artwork along with a description and name. Once your upload is done, you can add the banner to complete your account.



<ul>
<li>Create NFT:</li>
</ul>



When you create your account, the next step is converting your art. You can start converting your digital artwork with the help of Add New Item button. This button assists you in uploading the art that you want to transform into a non-fungible token. After uploading the file, click on &#8220;Create.&#8221;



<ul>
<li>Mint an NFT:</li>
</ul>



The non-fungible token platform usually has an automated minting process on the site for the benefit of the users. It largely remains the same for all blockchains, with slight variations here and there. Although it&#8217;s hard to estimate how long the minting of a non-fungible token can take, most platforms, tools, and apps have streamlined the process to make it user-friendly.



Once the process is completed, the artwork transforms into a non-fungible token. You will also have to pay a minting fee to transform your art into a non-fungible token.



<ul>
<li>Sell the NFT:</li>
</ul>



After creating a non-fungible token, you can sell it by clicking the &#8220;Sell&#8221; button. Next, a pricing page will appear, where you can specify the terms of the sale. You can even hold an auction or sell the NFT for a set amount.



<h3>Conclusion</h3>



Non-fungible tokens help artists commercialize their artwork. Now, they are no longer required to sell their work through galleries or auction houses.



Rather, the creator has an avenue to sell their work as a non-fungible token to the customers directly. Additionally, they can also fix a royalty fee to earn a portion of the sales as and when their work gets resold. So, one can say that a non-fungible token is a boon to artists and the digital art universe.



<h3>FAQs</h3>



<ul>
<li>Can I convert my painting into NFT?</li>
</ul>



Yes, you can convert a painting into an NFT. Minting is the process of transforming artwork or any virtual asset into a non-fungible token. You can select any digital art to transform it into NFT. Apart from painting, you can also convert music, video clips, etc. Once you mint an artwork, it becomes secure and tamper-proof.



<ul>
<li>Can any picture be a non-fungible token?</li>
</ul>



Yes, any picture can be turned into an NFT. However, converting a photo into NFT doesn&#8217;t automatically give you intellectual property rights. You need to be the owner of the image to sell artwork as NFT on any marketplace. Without proper authenticity, it would not be considered an NFT.

How To Turn Art Into NFT?

Non-fungible tokens (NFT) have risen in the past few years. From being virtually unknown to becoming one of the most sought-after digital collectibles, NFTs have come a long way. They are a part of a growing decentralized ecosystem (including cryptocurrencies and other Web3 applications) that reshapes our notions of ownership, transaction, and peer-to-peer economy.



While the NFT use cases are growing, there&#8217;s one big question &#8211; Do non-fungible tokens have a future?



You may be having this doubt if you have been thinking about <a href="https://upyo.com/en/post/how-to-invest-in-nft">investing in non-fungible tokens</a> for the long term. Let&#8217;s address the issue with a few others in the following sections.



<h2>Do NFTs have a future?</h2>



Since its inception, NFTs have grown by leaps and bounds. Today, we can see the NFT use cases in numerous industries, so one can see that it will indeed claim the world in the future. Barring digital art, BAYC, and punk tokens, there are several other places where NFTs can shine.



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="630" height="630" src="http://adminblog.upyo.io/wp-content/uploads/2022/11/Timbaland-Bored-Ape-Yacht-Club.png" alt="Bored Ape Yacht Club" class="wp-image-2764" srcset="https://3.111.63.208/wp-content/uploads/2022/11/Timbaland-Bored-Ape-Yacht-Club.png 630w, https://3.111.63.208/wp-content/uploads/2022/11/Timbaland-Bored-Ape-Yacht-Club-300x300.png 300w, https://3.111.63.208/wp-content/uploads/2022/11/Timbaland-Bored-Ape-Yacht-Club-150x150.png 150w" sizes="(max-width: 630px) 100vw, 630px" /></figure>



It is possible to see the use of NFTs in passports, credit cards, licenses, medical records, etc. Apart from this, the non-fungible tokens are expected to bring new trends in the real estate and event ticketing sectors.



Let us see how non-fungible tokens will bring changes in the world through these sectors:



<h2>How will NFTs change the world? </h2>



Technological evolution is taking place at an incredible place today, with NFTs bringing a wave of revolution. Non-fungible tokens are disrupting a few sectors and creating an impact on numerous others.



Here are some sectors that you must watch out for:



<h3>P2E games:</h3>



NFTs penetrated the gaming industry very early and ushered in a new era of asset ownership in the P2E game model. Axie Infinity is one such game that is well known and enjoys a great fan base among crypto enthusiasts with more than 1 million active players. Know more about <a href="https://upyo.com/en/post/nft-mobile-games">NFT Games</a>.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/10/Axie-Infinity-1024x538.png" alt="Axie Infinity" class="wp-image-2212" srcset="https://3.111.63.208/wp-content/uploads/2022/10/Axie-Infinity-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/10/Axie-Infinity-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/10/Axie-Infinity-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/10/Axie-Infinity.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



The everyday trading volume of this game easily touches the 1 billion mark, which simply demonstrates its craze. Thus, one can say that more such games will be launched in the future, exploring various game segments.



<h3>Medical records:</h3>



It is known that they are valuable and necessary for various reasons. Moreover, there&#8217;s a law in force to mandatorily keep medical records along with patients&#8217; personal details for ten years. Furthermore, specific treatment records and x-rays must be stored for thirty years or more.  



Transferring these records is required when the need arises. However, this process can be plagued by delays. Thus, to mitigate such delays and other errors, one can tokenize the records and store them away securely. Employing non-fungible tokens will help one store the records for more than ten years.&nbsp;



Apart from medical records, one can also tokenize birth certificates, academic documents, patents, and other crucial documents.&nbsp;



<h3>Profile pictures:</h3>



Social media platforms, especially Twitter and Instagram, are the new channels to display non-fungible tokens. One may observe apes, cats, and other imaginary creatures displayed as profile images, <a href="https://upyo.com/en/post/nft-pfp">which are known as PFP NFTs</a>. These channels are attributed to showcase the NFT assets. The trend was started by Twitter and immediately followed by Meta.



To identify the authentic images from the copy-pasted ones, social media companies use labels that analyze and authenticate the non-fingible tokens in the user’s wallet.&nbsp;



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="http://adminblog.upyo.io/wp-content/uploads/2022/11/Cool-Cats-NFTs-1024x576.jpg" alt="Cool Cats PFP" class="wp-image-2687" srcset="https://3.111.63.208/wp-content/uploads/2022/11/Cool-Cats-NFTs-1024x576.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/11/Cool-Cats-NFTs-300x169.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/11/Cool-Cats-NFTs-768x432.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/11/Cool-Cats-NFTs.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3>Fund-raising:</h3>



Fundraising has emerged as an inevitable byproduct of non-profit organizations. When you complete a non-fungible token transaction, a part of the funds is instantaneously contributed (given) to a charitable organization. By creating a publicly traceable and transparent database, blockchain technology protects non-fungible tokens and smart contract algorithms. 



<h3>How are NFTs impacting the internet? </h3>



It is no exaggeration to say that most of our activities happen on the internet. The internet has facilitated research, communication, commerce, business, entertainment, and even relationships. Since the internet can be seen in every nook and corner of our lives, the advent of NFTs will surely affect the internet.



Non-fungible tokens have the potential to alter our interactions with the internet. For example, NFTs could be anything digital or virtual. They can act as a store room (to store information) and a certificate to display the ownership and authenticity of the product. Furthermore, they can bring innovation concerning copyright technologies.



<h3>Are NFTs the next big thing?</h3>



NFTs have chiefly been used as a certificate of authenticity for digital artwork. However, their applications are evolving fast, and they can prove ownership and provide exclusive access to VIP perks, exclusive content, and asset rights.&nbsp;



The ascent of NFTs could be a significant step toward providing digital artists with the protection and acknowledgment they&#8217;ve been requesting for some time. What makes NFTs so compelling is how they assist creators and artists. 



An artist can ensure that they automatically receive 10% of the proceeds every time their work is sold. This completely alters the second-hand art, music, movie, and gaming markets from which artists and creators do not benefit.



So, are NFTs going to be the next big thing? It could be too early to tell, but we could also be caught up in the internet&#8217;s Reddit/Crypto echo chamber, which is convincing us that <a href="https://upyo.com/en/post/how-nfts-create-value">NFTs have immeasurable value</a> and are essential to continuing on our current tech-focused path. 



It&#8217;s difficult to tell whether the current NFT boom results from people who have been denied access to physical art galleries and have too much disposable income or if there is a genuine desire for digital art to be protected in the same way that physical art is.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="645" src="http://adminblog.upyo.io/wp-content/uploads/2022/10/Souls-of-Nature-NFT-1024x645.png" alt="nft future" class="wp-image-2208" srcset="https://3.111.63.208/wp-content/uploads/2022/10/Souls-of-Nature-NFT-1024x645.png 1024w, https://3.111.63.208/wp-content/uploads/2022/10/Souls-of-Nature-NFT-300x189.png 300w, https://3.111.63.208/wp-content/uploads/2022/10/Souls-of-Nature-NFT-768x484.png 768w, https://3.111.63.208/wp-content/uploads/2022/10/Souls-of-Nature-NFT.png 1141w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h4>Conclusion</h4>



Overall, some experts are still doubtful about the future of non-fungible tokens and believe this is a mere bubble that will burst soon. However, the craze for non-fungible tokens has resulted in JPEGs getting sold for millions of dollars, wherein art creators and new investors are milking the cash.&nbsp;



Nevertheless, unlike tangible artworks, it is still easy for people to make believable copies, which may turn less valuable in the future. Luckily, much of the talks are not directed towards such a scenario, and regardless of what critics state, the non-fungible tokens continue to grow.

Discover The Future of NFTs

Metaverse

Innovation in technology has enabled digital platforms to emerge and grow into an immersive experience for millions of users today. Big tech companies such as Facebook, Microsoft, etc., are using inventive technologies such as virtual reality, data visualization, and augmented reality to create simulated digital environments where humans can interact with each other through their computers and smartphones.



As the digital economy powered by blockchain technology continues to proliferate, metaverse technology has seen accelerated acceptance among its intended audience. Users are leveraging this technology to engage in conversations, play games, discover new experiences, and live vicariously. The future possibilities of the metaverse are still an ongoing exploration. However, startups and big companies are actively developing their metaverses to expand their customer base and create communities.



<h2>What is a metaverse platform?</h2>



This platform is an artificially created three-dimensional world that mimics the real physical world. The site&#8217;s ecosystem has VR technology embedded in it that lets users play games with others <a href="https://upyo.com/en/post/nft-avatars">using digital avatars</a>. At the core of it, these platforms operate as an asset-based system wherein users play to earn cryptocurrency or other incentives.



Going to the root of this technology, it is observed that the metaverse concept was introduced in 1992 by Neal Stephenson in his science fiction novel Snow Crash. The book describes the metaverse as a virtual replica of our current world. Currently, most metaverse platforms are limited to play-to-earn digital worlds. As this technology is in its evolving phase, it is yet to extend beyond the realm of gaming.



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1024" height="532" src="https://adminblog.upyo.io/wp-content/uploads/2022/12/novel-Snow-Crash.jpeg" alt="" class="wp-image-3159" srcset="https://3.111.63.208/wp-content/uploads/2022/12/novel-Snow-Crash.jpeg 1024w, https://3.111.63.208/wp-content/uploads/2022/12/novel-Snow-Crash-300x156.jpeg 300w, https://3.111.63.208/wp-content/uploads/2022/12/novel-Snow-Crash-768x399.jpeg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



These highly immersive platforms allow players to simulate real-world activities such as eating, shopping, chatting, and traveling. Even though there is no singular gateway to access a metaverse, players require hardware equipment such as a VR headset to enter it. These headsets range from the $10 Google Cardboard to the $300 Oculus Quest 2 headgear or the premium $999 Valve Index VR.



<h3>How many metaverse platforms are there?</h3>



Presently, only a few such platforms are accessible to people. This includes platforms like Axie Infinity, Decentraland, the Sandbox, Horizon, Fortnite, and Roblox. However, 160 companies are working individually or collaboratively to develop more metaverse platforms while also extending their usability.



<h2>Which are the best metaverse platforms?</h2>



Some of the leading metaverse platforms are as follows:&nbsp;



<ul>
<li>Decentraland</li>
</ul>



This was one of the foremost platforms to release a functional proof-of-concept. The company&#8217;s metaverse platform was open to the general public in 2020 and became a market leader. This site is a virtual reality platform where you can carry out various activities, such as communicating with other users virtually. You also have the provision for earning money <a href="https://upyo.com/en/post/metaverse-stocks">via virtual assets and investments.</a>&nbsp;



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/Decenterland--1024x538.png" alt="Decenterland platform" class="wp-image-1361" srcset="https://3.111.63.208/wp-content/uploads/2022/09/Decenterland--1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/09/Decenterland--300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/09/Decenterland--768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/09/Decenterland-.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>The Sandbox:</li>
</ul>



This blockchain game platform developed on Ethereum is used to purchase and sell digital land plots. This popular site is well-known for being stable and secure. The platform has its native token, SAND, which users can use to pay gas fees.&nbsp;



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/The-Sandbox-1024x538.png" alt="Sandbox Platform" class="wp-image-1363" srcset="https://3.111.63.208/wp-content/uploads/2022/09/The-Sandbox-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/09/The-Sandbox-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/09/The-Sandbox-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/09/The-Sandbox.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>HyperVerse:</li>
</ul>



This is another popular virtual world platform that consists of millions of universes. Every person who stays here is called a Voyager, and they can perform various tasks such as generating tokens, interacting with fellow users, and navigating the world.



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="824" height="504" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/cover.jpg" alt="Hyperverse Platform" class="wp-image-3155" srcset="https://3.111.63.208/wp-content/uploads/2022/12/cover.jpg 824w, https://3.111.63.208/wp-content/uploads/2022/12/cover-300x183.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/12/cover-768x470.jpg 768w" sizes="(max-width: 824px) 100vw, 824px" /></figure>



<ul>
<li>Nakamoto:</li>
</ul>



This is another platform with a native token, NAKA, which one can use to buy digital plots, construct buildings and perform other tasks. The company announced its new offering NAKAverse, one of the major platforms to bring the in-game economy to the fore.&nbsp;



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/Nakamoto-1024x576.jpg" alt="Nakamoto Platform" class="wp-image-3156" srcset="https://3.111.63.208/wp-content/uploads/2022/12/Nakamoto-1024x576.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/12/Nakamoto-300x169.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/12/Nakamoto-768x432.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/12/Nakamoto.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>Roblox:</li>
</ul>



This is a good site to play games that other users develop. The platform specializes in providing an excellent VR experience to its users. Apart from offering various VR experiences, the idea of fetching all experiences under its wing is the most distinguishing feature of this platform.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/Roblox-Metaverse-1024x538.jpg" alt="Roblox Metaverse" class="wp-image-2951" srcset="https://3.111.63.208/wp-content/uploads/2022/12/Roblox-Metaverse-1024x538.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/12/Roblox-Metaverse-300x158.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/12/Roblox-Metaverse-768x403.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/12/Roblox-Metaverse.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>Cryptovoxels:</li>
</ul>



This is yet another platform that shines brightly in terms of VR experiences. Apart from <a href="https://upyo.com/en/post/metaverse-games">virtual games</a>, the platform is prominent for organizing virtual events. This site is also great for trading virtual property assets, digital collectibles, wearables, and much more.&nbsp;



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/Cryptovoxels-1024x576.jpg" alt="Cryptovoxels Platform" class="wp-image-2948" srcset="https://3.111.63.208/wp-content/uploads/2022/12/Cryptovoxels-1024x576.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/12/Cryptovoxels-300x169.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/12/Cryptovoxels-768x432.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/12/Cryptovoxels.jpg 1120w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>Somnium Space:</li>
</ul>



This platform built on Ethereum and Solana is a new addition to the metaverse universe that one can try. Users can use this site to commercialize their assets and get a good virtual experience. You can access this platform through PC, VR, and mobile interfaces.&nbsp;



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="427" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/Somnium-Space-1024x427.png" alt="Somnium Platform" class="wp-image-1369" srcset="https://3.111.63.208/wp-content/uploads/2022/09/Somnium-Space-1024x427.png 1024w, https://3.111.63.208/wp-content/uploads/2022/09/Somnium-Space-300x125.png 300w, https://3.111.63.208/wp-content/uploads/2022/09/Somnium-Space-768x320.png 768w, https://3.111.63.208/wp-content/uploads/2022/09/Somnium-Space.png 1300w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>Star Atlas:</li>
</ul>



This space-themed gaming platform has been well-known among the public in recent times. Apart from playing games, users can use the site to create and trade non-fungible tokens. One of the appreciative features of this platform is its speed which is due to Solana. POLIS holders can buy virtual assets such as ships, land, and equipment on this platform.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="611" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/Star-Atlas-1024x611.jpg" alt="Star Atlas Platform" class="wp-image-1367" srcset="https://3.111.63.208/wp-content/uploads/2022/09/Star-Atlas-1024x611.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/09/Star-Atlas-300x179.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/09/Star-Atlas-768x458.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/09/Star-Atlas.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>Bloktopia:</li>
</ul>



This is a top metaverse site that consists of digital reality blocks. This is one example of an interactive site online that one can try. The game has a digital skyscraper with 21 levels. Investors get ample revenue-creating opportunities from virtual experiences on this site.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="523" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/Bloktopia-1024x523.jpg" alt="Bloktopia Platform" class="wp-image-3157" srcset="https://3.111.63.208/wp-content/uploads/2022/12/Bloktopia-1024x523.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/12/Bloktopia-300x153.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/12/Bloktopia-768x392.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/12/Bloktopia-1536x785.jpg 1536w, https://3.111.63.208/wp-content/uploads/2022/12/Bloktopia.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<ul>
<li>Metahero:</li>
</ul>



This is one of the largest platforms aimed at bringing physical objects into the digital age. MetaHero offers three-dimensional scanning technology that converts real-world objects into virtual counterparts. As a result, these virtual objects can be used in various fields, including education, training, and entertainment.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/Metahero--1024x538.png" alt="Metahero Platform" class="wp-image-3158" srcset="https://3.111.63.208/wp-content/uploads/2022/12/Metahero--1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/12/Metahero--300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/12/Metahero--768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/12/Metahero-.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h4>Conclusion</h4>



The metaverse is still a more intellectual idea centered on a different way of viewing the world and engaging online. Experts predict that by 2030, a sizable portion of the population will use this technology in some capacity. Nonetheless, despite its current popularity, the concept still requires significant development.&nbsp;



The first challenge will be acquiring the required hardware. Then there&#8217;s the issue of interoperability, or the ability to move virtual objects like clothes or cars from one platform to another.

Top 10 Metaverse Platforms of 2023

A non-fungible token roadmap is essential to an NFT venture. If you are starting or following an NFT venture, chances are you will come across a project blueprint. Usually, the project&#8217;s official website or social media handle will display the blueprint of that project.



However, some projects do not have a roadmap. So, is the roadmap really required? Are they significant? What is the connection between the roadmap and the project?



Scroll down as we throw light on all these questions and more.



<h2>What exactly is an NFT roadmap?</h2>



It is basically a strategic planning tool that includes crucial landmarks in the project, short and long-term objectives, and <a href="https://upyo.com/en/post/nft-marketing">NFT marketing strategies</a>. Usually, it is a graphic or an image posted on the website. One may refer to this map to see what the project includes.



The map highlights dates, typically in the first, second, third, and fourth quarters of the fiscal year. Moreover, these dates will be accompanied by the project plans that are to be accomplished during that quarter.



In other words, the roadmap displays what has been achieved so far and the agenda that is yet to be achieved in the specified quarter.



<h3>What is the purpose of a road map for NFT projects?</h3>



A roadmap is one of the crucial components for non-fungible token ventures that gives much-needed clarity for the project. It helps in building credibility for the venture. Furthermore, it outlines what to expect from a specific project.



Roadmap serves different purposes for key stakeholders, such as investors and creators.



For instance, project creators can employ a non-fungible token blueprint to grab the attention of investors for a specific project. With its key objectives and milestones, a roadmap has the potential to attract not only investors but also the workforce and other stakeholders.



On the other hand, a roadmap also helps investors and collectors to calculate project returns, among other things. A collector can get an overview of the assets, features, and other specifics that are to be delivered within a specific period. So, one can say that a roadmap serves different purposes for different stakeholders.



<h2>Do you need a roadmap for NFT?</h2>



A roadmap is not required, or in other words, mandatory for an NFT venture in general. However, having a roadmap demonstrates that the founding team has a longer-term vision for their venture. In general, a roadmap helps the reader understand the mission and ambitions of the group.



Ideally, the project team methodically plans the NFT project&#8217;s success. So, a roadmap is essential to help understand the project&#8217;s goal and the value it provides to the involved parties. Thus, if a project lacks a clear and concise roadmap, it can turn off potential investors and other key players.



Although a project can exist without a roadmap, such an initiative may be interpreted as a project lacking vision.



<h3>How do I plan an NFT project?</h3>



Planning is an essential step before creating and executing a project. Doing so will save you from falling into pitfalls and carry out the project execution effortlessly. Here is a list of simple steps that you can follow to plan your non-fungible token project.



<ul><li>Establish project goals: Goals are the driving force of any project. It is a crucial aspect that gives a clear message on why you&#8217;re designing the project. Establishing your desired outcomes as soon as possible is very much essential since it gives your customers an idea about why they must invest in your venture.</li></ul>



Generally, the most common goal for an NFT venture is to <a href="https://upyo.com/en/post/nfts-and-metaverse">prepare the project for the metaverse</a>. Other common goals are building a solid community with loyal customers and providing exclusive perks and utilities. Apart from this, there are other project-specific goals too.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="http://adminblog.upyo.io/wp-content/uploads/2022/11/Women-in-Metaverse-1024x576.jpg" alt="Metaverse" class="wp-image-2683" srcset="https://3.111.63.208/wp-content/uploads/2022/11/Women-in-Metaverse-1024x576.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/11/Women-in-Metaverse-300x169.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/11/Women-in-Metaverse-768x432.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/11/Women-in-Metaverse-1536x864.jpg 1536w, https://3.111.63.208/wp-content/uploads/2022/11/Women-in-Metaverse.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3>Tips to understand and establish your goals:</h3>



<ul><li>Understand the current position of the project and decide where you want it to reach</li><li>Comprehend the purpose of the project without being vague</li><li>Question yourself on what you want to tell your customers about the project</li><li>Ask what you are bringing to the table with your project</li><li>Be clear about the project values</li><li>Establish specific and measurable goals</li><li>Breakdown your goals into smaller chunks and set a time to accomplish them</li></ul>



<ul><li>Build a community for your project: Building a solid community is a must for a successful non-fungible token venture. The more time and effort that one puts into brand development, the better the chances to sell a successful non-fungible token venture with a loyal customer base in the long run. When building a community, the first thing to focus on is the target audience; know your audience and understand where they spend their time.</li></ul>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="614" src="http://adminblog.upyo.io/wp-content/uploads/2022/09/Discord-NFT-1024x614.jpg" alt="NFT Discord" class="wp-image-1716" srcset="https://3.111.63.208/wp-content/uploads/2022/09/Discord-NFT-1024x614.jpg 1024w, https://3.111.63.208/wp-content/uploads/2022/09/Discord-NFT-300x180.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/09/Discord-NFT-768x461.jpg 768w, https://3.111.63.208/wp-content/uploads/2022/09/Discord-NFT.jpg 1100w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3>Tips for building community:</h3>



<ul><li>Invest in the channels that are frequented by your target audience (social media or other discussion forums, etc.)</li><li>Make use of Twitter spaces to propagate your ideas</li><li>Engage with non-fungible token enthusiasts</li><li>Connect with reputable organizations and influencers</li></ul>



<ul><li>Set a price for your venture: Determining the price for your non-fungible tokens is one more crucial step once you decide on a project. Whether you are going for <a href="https://upyo.com/en/nft/category/music">NFT music</a>, art, meme, collectibles, or others, decide on a fair NFT mint price for your tokens.</li></ul>



Just remember that if you fix a heavy mint fee, you endanger the tempo of the initial sale. This may also deprive collector support for your venture. Therefore, set a reasonable price that does not result in a loss for you.



Furthermore, fixing a reasonable royalty fee for the non-fungible tokens on secondary sales is also prudent. Again, ensure that you don’t go for high royalty, which may deter the token holders from <a href="https://upyo.com/en/post/nft-minting">minting the NFT</a>.



<h3>Tips for setting NFT mint price:</h3>



<ul><li>Discuss with your community and agree on an acceptable fair price</li><li>Consider your long-term vision to establish the fee</li><li>Examine some popular websites to see how the projects are priced</li><li>Most successful NFT ventures have fixed their mint price between 0.05 and 0.1 ETH (you can decide something in this range)</li></ul>



<h5>Plan a realistic roadmap for the project:</h5>



Having a realistic roadmap assures your target audience that you&#8217;re committed to the long-term success of your project. The roadmap highlights your project journey, where you are going when you&#8217;ll reach the destination, and what you&#8217;ll achieve.



A roadmap, in essence, is the crucial component that states what people can expect from the venture. It displays crucial milestones, such as the next launch date, the exclusive perks that the community may receive in the future, and so on. Furthermore, the roadmap assists your audience in managing expectations for your NFT project while also keeping them engaged and excited about the project, allowing you to maintain a thriving community.



<h3>Tips for designing a roadmap:</h3>



<ul><li>When planning a roadmap, take your goals into consideration and plan accordingly.</li><li>Design a blueprint that has time-specific goals</li><li>Ensure you have the right resources to achieve your goals</li><li>Be creative when designing your roadmap</li><li>Go through some of the popular roadmaps to understand how it is designed</li></ul>



<ul><li>Create a team: Once you establish your project goals and design a roadmap, it&#8217;s time to assemble your team to bring your project to fruition. Apart from the project&#8217;s founder, other vital players, such as technical developers, artists, influencers, and community managers, form a team.</li></ul>



Each team member has a distinct role to play, so choose a competent team player if you want success in your venture.



<ul><li>Communicate effectively with your team: communication plays an essential role in any project. In other words, effective communication from the project&#8217;s core contributors is paramount, as it can make or break your venture. Since there are <a href="https://upyo.com/en/post/nft-rug-pulls">numerous &#8220;NFTs rug pulls&#8221;</a> it&#8217;s critical to engage with the community on a regular basis.</li></ul>



Doing so helps the community members stay updated with the latest happenings. Some of the best tools to communicate include well-known crypto communication sites like Discord and Telegram.



<h3>Tips for NFT Project Communication:</h3>



<ul><li>Establish a consistent communication schedule and follow it without fail</li><li>Invest in bringing someone on board to help your community</li><li>Design appropriate educative materials to help your team members and customers understand what is going on in the project</li><li>Moderators should be able to answer the queries</li><li>Post regular updates in the announcements channel by tagging everyone</li><li>Keep up with pressing communications (ex: hacks, roadmap setbacks, hacks, and so on.)</li></ul>



<ul><li>Set the plan into motion: Executing your roadmap is the final step in launching your NFT venture. You can start an NFT venture with the best of intentions, but if you don&#8217;t follow through on your promises, your community will lose trust in you and your project.</li></ul>



Be open and transparent with your community about your progress in the run-up to a launch. If you need to postpone a launch to deliver the value you promised, being honest with your community will help keep them on your side.



If, on the other hand, you stick to a launch date regardless of the ability to deliver and without informing your community, it can backfire and sink your project.



<h2>5 Best NFT Roadmap Examples</h2>



Here are some excellent examples of the NFT roadmap that you can refer to:



<h4>Azuki</h4>



Azuki&#8217;s roadmap is called the &#8220;mindmap&#8221; and has seven detailed steps to illustrate its project.



<ul><li>1st step &#8211; Community goals and values</li><li>2nd step &#8211; Activities related to the community</li><li>3rd step &#8211; Gist of social media channels and their activities involving metaverse and gaming</li><li>4th step &#8211; Exclusive drops for community members and other activities</li><li>5th step &#8211; Experiments with gaming experience</li><li>6th step &#8211; Exploring partnership and venturing into DAO</li><li>7th step &#8211; Connecting with the masses</li></ul>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="611" src="http://adminblog.upyo.io/wp-content/uploads/2022/10/Azuki-NFTs-1024x611.png" alt="Azuki roadmap" class="wp-image-2032" srcset="https://3.111.63.208/wp-content/uploads/2022/10/Azuki-NFTs-1024x611.png 1024w, https://3.111.63.208/wp-content/uploads/2022/10/Azuki-NFTs-300x179.png 300w, https://3.111.63.208/wp-content/uploads/2022/10/Azuki-NFTs-768x458.png 768w, https://3.111.63.208/wp-content/uploads/2022/10/Azuki-NFTs.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h4>NFT Worlds</h4>



NFT Worlds has a simple roadmap that is in the form of a checklist. So far, the project has achieved 15 out of its 18 goals.



The completed stages of the NFT Worlds roadmap are as follows:



<ul><li>On October 10, 2021, rarity rates and data files were distributed.</li><li>The $WRLD token will be available in December 2021.</li><li>In January 2022, it will release its open-source multi-player server.</li></ul>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="800" height="380" src="http://adminblog.upyo.io/wp-content/uploads/2022/10/NFT-Worlds.jpg" alt="NFT Worlds roadmap" class="wp-image-2041" srcset="https://3.111.63.208/wp-content/uploads/2022/10/NFT-Worlds.jpg 800w, https://3.111.63.208/wp-content/uploads/2022/10/NFT-Worlds-300x143.jpg 300w, https://3.111.63.208/wp-content/uploads/2022/10/NFT-Worlds-768x365.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure>



<h4>SolRarity – Rarikeys</h4>



The roadmap of SolRarity–Rarikeys is a highly descriptive map that consists of 3 phases.



<ul><li>1st phase &#8211; Launch rarity tools to gain trust and display index charts depicting drops.</li><li>2nd phase &#8211; Goals to include beta-testers and NFT holders</li><li>3rd phase &#8211; Revenue sharing incentives</li></ul>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/SolRarity-–-Rarikeys-Roadmap-1024x538.png" alt="SolRarity – Rarikeys Roadmap" class="wp-image-3019" srcset="https://3.111.63.208/wp-content/uploads/2022/12/SolRarity-–-Rarikeys-Roadmap-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/12/SolRarity-–-Rarikeys-Roadmap-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/12/SolRarity-–-Rarikeys-Roadmap-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/12/SolRarity-–-Rarikeys-Roadmap.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h4>Rebel rabbits</h4>



Rebel Rabbits utilizes a monthly roadmap that is divided into &#8216;Early&#8217; and &#8216;Late&#8217; releases to show what to expect and when. The layout of the roadmap shows a timeline that is designed in a way to keep collectors interested and looking forward.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="756" src="http://adminblog.upyo.io/wp-content/uploads/2022/12/Website-art1-1024x756.webp" alt="Rebel rabbits roadmap" class="wp-image-3020" srcset="https://3.111.63.208/wp-content/uploads/2022/12/Website-art1-1024x756.webp 1024w, https://3.111.63.208/wp-content/uploads/2022/12/Website-art1-300x222.webp 300w, https://3.111.63.208/wp-content/uploads/2022/12/Website-art1-768x567.webp 768w, https://3.111.63.208/wp-content/uploads/2022/12/Website-art1-1536x1135.webp 1536w, https://3.111.63.208/wp-content/uploads/2022/12/Website-art1-2048x1513.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h4>World of Women</h4>



This charity-oriented project aims for inclusiveness, diversity, and opportunity.



Here are the Phase 2 milestones of the venture:



<ul><li>WoW in galleries and expos around the globe</li><li>World of Women Merch</li><li>The WoW Team is Growing</li><li>WoW and Charity</li><li>Metaverse-ready</li><li>Worlds of Women</li><li>More Airdrops</li><li>On a planet far, far away</li></ul>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="538" src="http://adminblog.upyo.io/wp-content/uploads/2022/11/World-Of-Women-1024x538.png" alt="World Of Women roadmap" class="wp-image-2635" srcset="https://3.111.63.208/wp-content/uploads/2022/11/World-Of-Women-1024x538.png 1024w, https://3.111.63.208/wp-content/uploads/2022/11/World-Of-Women-300x158.png 300w, https://3.111.63.208/wp-content/uploads/2022/11/World-Of-Women-768x403.png 768w, https://3.111.63.208/wp-content/uploads/2022/11/World-Of-Women.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h4>Conclusion</h4>



The NFT roadmap is a valuable asset to a venture in the long run. Furthermore, it serves multiple purposes and adds tremendous value. In a nutshell, the roadmap informs people about what the project is all about. Although a roadmap is not required for every project, having one is advantageous for various reasons.