Until recently, memes were primarily seen as tools for social media, capable of going viral and entertaining a wide range of people. However, the emergence of NFT culture has brought about a significant transformation in the world of memes. They have transitioned from being mere vessels of humor to become valuable assets with monetary worth.
Still Confused?
Today, it is truly possible to engage in the buying and selling of memes, resulting in potentially substantial profits. Recent market reports reveal notable instances of meme-related transactions, such as the sale of the renowned "Doge" meme NFT for a staggering $4 million. Furthermore, a compelling example showcasing the financial prospects within this trade is the purchase of the "Overly Attached Girlfriend" meme, which was acquired for $411,000 in Ethereum.
These figures certainly evoke a sense of excitement. However, before delving into the methods of generating income through these avenues, let us first grasp the concept and significance of NFTs.
NFTs are not limited to just Meme NFTs; they are making waves in various popular fields such as Gaming, Digital Arts, Real Estate, and Sports.
What is NFT?
An NFT (non-fungible token) is a unique digital identifier recorded on a blockchain, certifying ownership and authenticity. It cannot be copied or divided. NFTs can be bought, sold, and traded, containing references to digital files like art, photos, videos, and audio. Unlike cryptocurrencies, also NFTs are individually distinguishable.
Now, the question that arises is: How can one create an NFT?
As a newbie in the NFT world, it's common to feel confused about where and how to start. Going from scratch is often considered the best approach, right? Well, here's a solution to your questions. Take a moment to read this article titled "Create Non-Fungible Token – How to Buy and Sell Them?" It will clear all your doubts, starting from the basics of how to create an NFT to effectively buying and selling them. With the help of this article, you will gain a proper understanding to implement your meme NFT concept and take it to the next level.
