What is an NFT and how can YOU start making money?

This video tutorial explains NFTs, or non-fungible tokens, highlighting their uniqueness and importance in digital ownership. It guides artists on creating and selling NFTs by linking a cryptocurrency wallet to a marketplace. The process involves uploading artwork, creating a token as a certificate of authenticity, and waiting for bids. Payment is received in cryptocurrency, while the buyer gets the NFT file.

What does the term 'non-fungible' imply about an NFT?

• It is a unique digital asset.

• It can be easily exchanged for another item.

• It is a type of cryptocurrency.

• It is a physical artwork.

What is the first step an artist must take to create an NFT?

• Receive payment in cryptocurrency.

• Link their digital wallet to an NFT marketplace.

• Create a physical certificate of authenticity.

• Sell their artwork on a physical marketplace.

Which platform is mentioned as a place where NFTs are actively traded?

• Foundation

• Amazon

• eBay

• Etsy

What does the buyer receive after purchasing an NFT?

• A physical copy of the artwork.

• A digital file and proof of ownership.

• A refund in cryptocurrency.

• A certificate of physical authenticity.

In what form does the artist receive payment for their NFT?

• Credit card

• Cash

• Cryptocurrency

• Bank transfer