Learn About NFTs

Everything you need to know about NFTs, Digital Art, and Cryptocurrency

What is an NFT?

An NFT (Non-Fungible Token) is a unique digital asset representing ownership or proof of authenticity for a specific item, such as art, music, videos, or other digital and physical content. NFTs are stored on a blockchain, which ensures transparency, security, and traceability. Each NFT is distinct and cannot be replaced with another item of equal value.

What is Digital Art?

Digital art is artwork created or presented using digital technology. It encompasses a wide range of artistic practices and mediums, leveraging tools such as graphic design software, drawing tablets, 3D modeling software, and digital cameras to produce images, animations, or interactive experiences. Digital art has become a vital part of contemporary art and culture, especially with the rise of NFTs, virtual galleries, and the metaverse.

What is a Crypto Wallet?

A crypto wallet is a digital tool that allows you to store, send, and receive cryptocurrencies securely. It interacts with blockchain networks to track your digital assets and manage your private and public keys, which are essential for accessing and managing your funds.

Compatible wallets with Neonart Collective include:

  • Binance
  • Metamask
  • OKX
  • Trust wallet
  • Huobi

What is Cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology, which ensures transparency, security, and immutability. Cryptocurrency serves as an umbrella term for all digital currencies. These can be accessed through the use of a crypto wallet.

What are Blockchain Gas Fees?

Blockchain gas fees are transaction fees paid by users to compensate miners or validators for the computational work required to process and validate transactions on a blockchain network. These fees are essential for maintaining the security and functionality of the blockchain. Gas fees are a vital part of blockchain economics, ensuring fair compensation for validators and efficient operation of the network.

How to Mint an NFT

Minting an NFT is the process of creating and publishing your digital asset on a blockchain, making it unique, verifiable, and available for sale or trade. To mint your NFTs on Neonart Collective, follow these steps:

  1. Set up a crypto wallet to help you buy, sell, and store your cryptocurrency and NFTs
  2. Create a collection and prepare gas fee
  3. Upload your work

How to Sell an NFT

Selling an NFT using Neonart Collective is simple and user-friendly. Anyone who owns an NFT can list it for sale, whether that's the creator of the NFT or the person who most recently collected it. Neonart Collective receives/charges 15% of the sale price of your NFT independently from fee wallet. It's a one-time charge.