The NFT Handbook

Learn how to create and profit from NFTs The NFT Handbook is a detailed guide on how to create, sell and buy non-fungible tokens without the need for a technical background. Learn exactly what NFTs are, how they evolved, and why they have value. We’ll delve into the different types and aspects of NFTs and discuss the different NFT marketplaces and the pros and cons of each. Create Your Own NFTs: Step by step instructions on all aspects of NFT creation, including what types of content to use, where to source content, adding artistic design, writing the NFT’s description, adding optional unlockable content and setting an optional ongoing royalty. Mint Your NFTs: You’ll learn the process of how to get your NFTs on the blockchain. Sell Your NFTs: We’ll go through the whole process including creating a collection, and the different options such as setting a price or starting an auction. Buy NFTs: What you’ll need to bid on and purchase NFTs, and how to avoid getting scammed. You’ll also get a primer on blockchain, particularly the Ethereum cryptocurrency and “gas” fees. You’ll also be shown step by step how to create, secure and fund your own cryptocurrency wallet, where you’ll store your NFTs and cryptocurrency. Whether you’re experienced with the blockchain and crypto or a complete noob (beginner), The NFT Handbook will guide you in the process of creating, minting, selling and buying NFTs.

About the Authors vii About the Technical Editor ix Acknowledgments x Foreword xvii Chapter 1 Introduction to NFTs 1 Chapter 2 What Are NFTs? 7 Why People Collect 7 What Exactly Are NFTs? 10 Types of NFTs 16 Aspects of NFTs 32 Extrinsic Elements of NFTs 44 Chapter 3 Why NFTs Have Value 49 Why Do Collectibles Have Value? 50 The Problems with Traditional Art 53 The Problems with Collectibles and Memorabilia 57 Digital Art Before NFTs 60 The True Advantage of NFTs 61 NFTs Aren’t Perfect 74 External Forces That Drive Value 89 Chapter 4 History of NFTs 93 Andy Warhol Presents Pop Art 94 Beeple’s Cyberpunk World Meets NFTs 99 The Story of Digital Art 104 Chapter 5 NFT Marketplaces 115 OpenSea 116 Rarible 117 Nifty Gateway 118 SuperRare 118 Wax (Atomic Hub) 119 Foundation 120 NBA Top Shot 121 VeVe 122 Known Origin 122 Myth Market 123 Wrap-Up 124 Chapter 6 Creating and Minting NFTs 125 Creating the Aspects of Your NFT 126 Creating a Cryptocurrency Wallet 134 Creating an OpenSea Account 144 Creating a Collection 147 Minting an NFT 157 Chapter 7 Selling NFTs 161 Your Exchange Account 161 Buying Cryptocurrency 167 Funding Your MetaMask Wallet 170 Selling Your NFTs 172 Marketing Your NFTs 181 Chapter 8 Buying NFTs 195 Why Buy NFTs? 195 Buying NFTs 199 Building an NFT Collection 206 Chapter 9 Legal Aspects of NFTs 213 Are NFTs Securities? 214 Intellectual Property Rights 218 Right of Publicity 225 Right of Privacy 231 Contracts 232 Taxes 235 Chapter 10 The Future of NFTs 239 The Metaverse 240 Non-bankable Assets 246 Digital Wallets 251 The Unwritten Future of NFTs 254 Index 255