{"id":31102,"date":"2021-10-23T15:00:09","date_gmt":"2021-10-23T13:00:09","guid":{"rendered":"https:\/\/qodeinteractive.com\/magazine\/?p=31102"},"modified":"2021-10-20T13:15:45","modified_gmt":"2021-10-20T11:15:45","slug":"what-are-nfts-how-do-they-work","status":"publish","type":"post","link":"https:\/\/qodeinteractive.com\/magazine\/what-are-nfts-how-do-they-work\/","title":{"rendered":"What Are NFTs and How Do They Work"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]The world of cryptocurrencies, smart contracts, and all the other things that exist on the blockchain never fails to amaze. It might be because of the mystery surrounding it. Fans of the blockchain like to proselytize how it will help us do things in new and better ways, creating significant buzz. And the sheer amount of money that\u2019s invested into the cryptocurrency space certainly doesn\u2019t hurt.<br \/>\n[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]For one reason or another, the interest in all things relating to the blockchain is increasing. But just as you decide to finally start <a href=\"https:\/\/qodeinteractive.com\/magazine\/how-to-accept-bitcoin-with-wordpress\/\">accepting Bitcoin in your online store<\/a>, for example, you\u2019ll hear about some new exciting thing people are doing with the blockchain. In 2021, that thing is called an NFT. If you want to learn what an NFT is, how it works, and why you should care, you\u2019re in the right place.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]In this article, we\u2019ll explain:<br \/>\n[\/vc_column_text][vc_empty_space height=&#8221;22px&#8221;]<ul class=\"qodef-unordered-list-item qodef-toc\">\n    <li>\n\t        <div class=\"qodef-ul-title-holder\">\n            <span class=\"qodef-ul-title-content\"><a href=\"#whats-an-nft\">What\u2019s an NFT?<\/a><\/span>        <\/div>\n            <\/li>\n<\/ul>[vc_empty_space height=&#8221;5px&#8221;]<ul class=\"qodef-unordered-list-item qodef-toc\">\n    <li>\n\t        <div class=\"qodef-ul-title-holder\">\n            <span class=\"qodef-ul-title-content\"><a href=\"#how-do-nfts-work\">How Do NFTs Work?<\/a><\/span>        <\/div>\n            <\/li>\n<\/ul>[vc_empty_space height=&#8221;5px&#8221;]<ul class=\"qodef-unordered-list-item qodef-toc\">\n    <li>\n\t        <div class=\"qodef-ul-title-holder\">\n            <span class=\"qodef-ul-title-content\"><a href=\"#how-to-create-nfts\">How to Create NFTs<\/a><\/span>        <\/div>\n            <\/li>\n<\/ul>[vc_empty_space height=&#8221;5px&#8221;]<ul class=\"qodef-unordered-list-item qodef-toc\">\n    <li>\n\t        <div class=\"qodef-ul-title-holder\">\n            <span class=\"qodef-ul-title-content\"><a href=\"#what-happens-after-creating-an-nft\">What Happens After Creating an NFT?<\/a><\/span>        <\/div>\n            <\/li>\n<\/ul>[vc_empty_space height=&#8221;5px&#8221;]<ul class=\"qodef-unordered-list-item qodef-toc\">\n    <li>\n\t        <div class=\"qodef-ul-title-holder\">\n            <span class=\"qodef-ul-title-content\"><a href=\"#the-reason-people-get-into-nft\">The Reason People Get Into NFT<\/a><\/span>        <\/div>\n            <\/li>\n<\/ul>[vc_empty_space height=&#8221;5px&#8221;]<ul class=\"qodef-unordered-list-item qodef-toc\">\n    <li>\n\t        <div class=\"qodef-ul-title-holder\">\n            <span class=\"qodef-ul-title-content\"><a href=\"#wordpress-and-nfts\">WordPress and NFTs<\/a><\/span>        <\/div>\n            <\/li>\n<\/ul>[vc_empty_space height=&#8221;80px&#8221;][vc_widget_sidebar sidebar_id=&#8221;new-creative-banner&#8221;][vc_empty_space height=&#8221;80px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 class=\"qodef-h4\"><a id=\"whats-an-nft\"><\/a>What\u2019s an NFT?<\/h2>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;21px&#8221;]<div class=\"qodef-single-image-holder    \">\n    <div class=\"qodef-si-inner\" >\n                                    <img loading=\"lazy\" decoding=\"async\" width=\"969\" height=\"554\" src=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/What-is-NFT.jpg\" class=\"attachment-full size-full\" alt=\"What\u2019s an NFT\" srcset=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/What-is-NFT.jpg 969w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/What-is-NFT-300x172.jpg 300w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/What-is-NFT-768x439.jpg 768w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/What-is-NFT-620x354.jpg 620w\" sizes=\"auto, (max-width: 969px) 100vw, 969px\" \/>                        <\/div>\n<\/div>[vc_empty_space height=&#8221;38px&#8221;][vc_column_text]<strong>NFT is short for non-fungible token, and it\u2019s a term that\u2019s increasingly used when discussing the sales of digital assets.<\/strong> To fully explain what NFTs are, however, it\u2019s best to start with deconstructing the term and explain what fungibility means, how non-fungibility works, and what a token is. Let\u2019s start with the last one.[\/vc_column_text][vc_empty_space height=&#8221;72px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h3 class=\"qodef-h5\">What Is a Token?<\/h3>\n<p>[\/vc_column_text][vc_column_text]If you\u2019ve ever been to a music festival, chances are you\u2019ve purchased things like drinks and merch using festival tokens \u2013 a type of currency that you buy for real money, and that you can only use during that festival.<strong> In this case, a festival token is a representation of the money you paid for them.<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]That\u2019s something tokens do a lot \u2013 <strong>stand in for something else or provide a tangible representation of something different.<\/strong> Cryptocurrency coins are tokens, and they represent assets or utilities \u2013 depending on the coin in question \u2013 that reside on the blockchain.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>In the context of understanding what NFTs are, it would be safe to say that a token is a representation of some kind of information that is written in the blockchain.<\/strong> A blockchain, for those who might be wondering, is a type of distributed ledger in which information (about transactions, ownership, etc.) is written down. <strong>Every blockchain is shared between multiple nodes (computers) instead of kept in a single centralized location.<\/strong> Whenever a change needs to be made on the blockchain, all the nodes in the network (or at least a significant amount of them) have to confirm the validity of the new information before it can be added as a new block to the chain of previous changes. <strong>This means that no single person or group can modify the data, which, among other things, almost completely eradicates the possibility of fraud.<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;72px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h3 class=\"qodef-h5\">What Is Fungibility?<\/h3>\n<p>[\/vc_column_text][vc_column_text]<strong>Fungibility is the property you probably know and understand as exchangeability.<\/strong> If you have something fungible, you can exchange it for other things, and it won\u2019t lose any of its value or any other of its properties.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>Money is fungible \u2013 you can exchange a $100 bill for another $100 bill without losing anything in the process.<\/strong> You can exchange it for a hundred $1 bills, and you\u2019d still have the same amount of money with the same value.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]In the sense that we need it to explain NFTs,<strong> it would be useful to think of fungibility as kind of an opposite to uniqueness.<\/strong> And to bring the term \u201ctoken\u201d into play, you can say that Bitcoin is a fungible token \u2013 you can exchange one token for another, you can separate it into smaller chunks, but you\u2019d still end up with the same thing in the end \u2013 while the amount of tokens you own might change, their value won\u2019t.[\/vc_column_text][vc_empty_space height=&#8221;72px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h3 class=\"qodef-h5\">What\u2019s a Non-Fungible Item?<\/h3>\n<p>[\/vc_column_text][vc_column_text]<strong>A non-fungible item is an item that can\u2019t be switched, replaced, or exchanged in such a way.<\/strong> Your house is pretty unique and trading it for another of the same thing \u2013 a house \u2013 would not leave you with the same thing you started with. Also, you can\u2019t simply chop it up into separate rooms and believe you still own a house.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>Unique items are non-fungible.<\/strong> They might be one-of-a-kind collectibles, things that are not like anything else in the world. Think about a rare baseball card, the last of its kind. <strong>There\u2019s nothing you can do with it, exchange it in any way, and still be left with the same thing you started with.<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;72px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h3 class=\"qodef-h5\">So an NFT Is\u2026<\/h3>\n<p>[\/vc_column_text][vc_column_text]<strong>A non-fungible token is a token that\u2019s not interchangeable with any other token.<\/strong> It\u2019s a one-of-a-kind piece of information written into the blockchain, and it can\u2019t be further divided or traded for something that\u2019s the same. <strong>An NFT is a digital representation of something unique, stored on the blockchain.<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>The Blockchain is also what underpins cryptocurrencies, but NFTs and crypto coins are very different.<\/strong> While there might be different crypto coins that let you do different things, even the crypto coins that use the same blockchain as an NFT \u2013 and NFTs mostly use the Ethereum blockchain \u2013 are very different from a non-fungible token. Both cryptocurrencies and NFTs rely on the blockchain\u2019s distributed ledger to keep and verify information. <strong>It just so happens that, with NFTs, that information is unique. <\/strong>[\/vc_column_text][vc_empty_space height=&#8221;68px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 class=\"qodef-h4\"><a id=\"how-do-nfts-work\"><\/a>How Do NFTs Work?<\/h2>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;21px&#8221;]<div class=\"qodef-single-image-holder    \">\n    <div class=\"qodef-si-inner\" >\n                                    <img loading=\"lazy\" decoding=\"async\" width=\"969\" height=\"554\" src=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/How-do-NFTs-Work.jpg\" class=\"attachment-full size-full\" alt=\"How Do NFTs Work\" srcset=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/How-do-NFTs-Work.jpg 969w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/How-do-NFTs-Work-300x172.jpg 300w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/How-do-NFTs-Work-768x439.jpg 768w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/How-do-NFTs-Work-620x354.jpg 620w\" sizes=\"auto, (max-width: 969px) 100vw, 969px\" \/>                        <\/div>\n<\/div>[vc_empty_space height=&#8221;38px&#8221;][vc_column_text]<strong>It\u2019s important to note that non-fungible tokens aren\u2019t new.<\/strong> The proto-NFT will turn ten years old soon &#8211; it was built on the Bitcoin blockchain, with the basic idea of using the blockchain to store information about assets such as collectibles, company shares, or coupons.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]Today, NFTs are mostly created on Ethereum, the same blockchain that\u2019s used for the Ether cryptocurrency. The use case for NFTs would go something like this: let\u2019s say you\u2019re the creator of something fairly popular, a piece of digital artwork that\u2019s managed to enter the culture and is recognizable. Millions of people have seen your artwork, and it\u2019s likely been reproduced whether you wanted it reproduced or not. <strong>It\u2019s probably impossible to keep a piece of digital art to a single copy. But that\u2019s the thing \u2013 thanks to NFTs, you don\u2019t have to.<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]With an NFT, you can enter certain information about your artwork in the blockchain and sell it as a non-fungible token. <strong>Keep in mind, however, that the information you write in the blockchain will not include the actual artwork.<\/strong> The information that goes in there is coded metadata about your artwork \u2013 its name, a description, and a link to a server that hosts the original artwork file.<strong> Even though an NFT won\u2019t contain the actual file, it still serves as proof of ownership, a document that confirms that file is yours.<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>NFTs also let you set a percentage you can get as royalty on any later sale \u2013 remember, once you sell an NFT, the person who has it can sell it to someone else.<\/strong> And because the transactions are written on the blockchain, every seller and buyer are verifiable \u2013 or at least the addresses of their digital wallets are.<strong> It\u2019s always possible to check who the original seller \u2013 the artist \u2013 was.<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;68px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 class=\"qodef-h4\"><a id=\"how-to-create-nfts\"><\/a>How to Create NFTs<\/h2>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;21px&#8221;]<div class=\"qodef-single-image-holder    \">\n    <div class=\"qodef-si-inner\" >\n                                    <img loading=\"lazy\" decoding=\"async\" width=\"969\" height=\"554\" src=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/How-to-Create-NFTs.jpg\" class=\"attachment-full size-full\" alt=\"How to Create NFTs\" srcset=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/How-to-Create-NFTs.jpg 969w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/How-to-Create-NFTs-300x172.jpg 300w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/How-to-Create-NFTs-768x439.jpg 768w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/How-to-Create-NFTs-620x354.jpg 620w\" sizes=\"auto, (max-width: 969px) 100vw, 969px\" \/>                        <\/div>\n<\/div>[vc_empty_space height=&#8221;38px&#8221;][vc_column_text]<strong>The process of creating an NFT is called \u201cminting.\u201d<\/strong> To mint an NFT, you\u2019ll need a couple of things. <strong>First, you\u2019ll need the digital artwork or content for which you want to create an NFT.<\/strong> The types of files you can mint an NFT for include images, audio, video, and 3D models, so any artwork you can represent in one of these mediums will work.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>Next, you\u2019ll need a crypto wallet.<\/strong> There are all sorts of crypto wallets you can use. Because Ethereum is the most popular blockchain for NFTs, you might consider getting a wallet that works with it. Nothing\u2019s stopping you from experimenting with another blockchain, just make sure that you have a wallet to go with it.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>Your wallet allows you access to the blockchain where your NFT will be once you mint it, and its address will be listed in the original sale.<\/strong> Before you get to that, you\u2019ll need some currency in that wallet \u2013 the type of coin that\u2019s used by the marketplace where you\u2019ll do the minting. <strong>So if you\u2019re minting on the Ethereum blockchain, you\u2019ll need Ether as \u201cgas\u201d to power the process.<\/strong> How much of this gas you\u2019ll need depends on how busy and congested the blockchain is at the moment \u2013 minting isn\u2019t the only operation that\u2019s happening on the blockchain, and they all contribute to higher gas fees.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>Finally, you\u2019ll need a place that offers a minting service, and those are usually marketplaces.<\/strong> Technically, though, minting isn\u2019t the only thing a marketplace does for you. <strong>It will store your artwork on its server \u2013 remember, the NFT doesn\u2019t contain the actual artwork, it just points to an address where it\u2019s stored.<\/strong> Marketplaces are also great because they attract people looking to buy art. Still, if you want to create a store where you can mint NFTs and sell them, you can. You\u2019ll be in charge of attracting buyers, too, so keep that in mind before committing to building it.[\/vc_column_text][vc_empty_space height=&#8221;68px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 class=\"qodef-h4\"><a id=\"what-happens-after-creating-an-nft\"><\/a>What Happens After Creating an NFT?<\/h2>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;21px&#8221;]<div class=\"qodef-single-image-holder    \">\n    <div class=\"qodef-si-inner\" >\n                                    <img loading=\"lazy\" decoding=\"async\" width=\"969\" height=\"554\" src=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/What-Happens-After.jpg\" class=\"attachment-full size-full\" alt=\"What Happens After Creating an NFT\" srcset=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/What-Happens-After.jpg 969w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/What-Happens-After-300x172.jpg 300w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/What-Happens-After-768x439.jpg 768w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/What-Happens-After-620x354.jpg 620w\" sizes=\"auto, (max-width: 969px) 100vw, 969px\" \/>                        <\/div>\n<\/div>[vc_empty_space height=&#8221;38px&#8221;][vc_column_text]<strong>After you\u2019ve created an NFT, you can put it up for sale on a marketplace.<\/strong> And then you can bask in some weirdness and misnaming that comes with the territory if you\u2019re into NFTs. So let\u2019s start with the marketplaces, and what people might sell on them.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>NFTs might look like they\u2019re made for art, but in reality, it is possible to mint NFTs for other digital assets.<\/strong> For example, Twitter\u2019s CEO, Jack Dorsey, used a platform called Valuables by Cent that lets people mint and sell NFTs for tweets or buy those NFTs from people like Jack Dorsey or Elon Musk. Both have sold tweets for seven-figure sums if you trust the headlines.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]And you shouldn\u2019t, because there seems to be a lot of misnaming things when it comes to NFTs. <strong>Buying an NFT doesn\u2019t buy you the copyright for the digital asset linked to it.<\/strong> Dorsey\u2019s tweet is still where he left it before minting an NFT for it \u2013 it\u2019s hosted on Twitter. <strong>The tweet wasn\u2019t turned into an NFT and sold in that form \u2013 instead a unique token for a rare and some would say significant digital asset was created and sold.<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]At the time of writing this article, the record holder for the most expensive NFT ever sold is an NFT for a piece of digital artwork titled EVERYDAYS: The First 5000 Days, by the digital artist Beeple. It went for $69 million-worth of Ether. The person who acquired it got the rights to display the artwork, but he didn\u2019t get the copyright for it. It stays with the artist. <strong>And this begs the question \u2013 why are NFTs so popular?<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;68px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 class=\"qodef-h4\"><a id=\"the-reason-people-get-into-nft\"><\/a>The Reason People Get Into NFT<\/h2>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;21px&#8221;]<div class=\"qodef-single-image-holder    \">\n    <div class=\"qodef-si-inner\" >\n                                    <img loading=\"lazy\" decoding=\"async\" width=\"969\" height=\"555\" src=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/The-Reason-People-Get-Into-NFT.jpg\" class=\"attachment-full size-full\" alt=\"The Reason People Get Into NFT\" srcset=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/The-Reason-People-Get-Into-NFT.jpg 969w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/The-Reason-People-Get-Into-NFT-300x172.jpg 300w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/The-Reason-People-Get-Into-NFT-768x440.jpg 768w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/The-Reason-People-Get-Into-NFT-620x355.jpg 620w\" sizes=\"auto, (max-width: 969px) 100vw, 969px\" \/>                        <\/div>\n<\/div>[vc_empty_space height=&#8221;38px&#8221;][vc_column_text]There are a couple of different reasons why people might get into NFTs, both as creators and buyers. <strong>For artists, NFTs are a great way to use cutting-edge technology to monetize their art.<\/strong> And when you think about how difficult it might be to monetize digital art, which is sometimes copyable with a click or two of a button, it becomes obvious why digital artists might seriously consider NFTs.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>However, not all creators are artists.<\/strong> Neither Elon Musk nor Jack Dorsey have put up art for sale. Howard Davies-Carr, who filmed his son Harry biting his other son, Charlie, in a widely popular video that got its NFT and saw it sold, was making a home movie, not art. Still, those people managed to get hefty sums for NFTs of their digital assets. In the world of NFT, artistic qualities aren\u2019t the only thing that matters.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>Popularity, clout, and bragging rights matter, too. As does the ability of the NFT to increase in value with time.<\/strong> These are all reasons for people to start getting into NFTs as buyers and resellers. <strong>Just like cryptocurrencies are popular for investment and trading, so are NFTs.<\/strong> So much so that they\u2019re getting new investment instruments that allow them to be sold as stocks using something called F-NFTs, or fractional NFTs. <strong>They also have that scarcity factor working for them.<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;68px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 class=\"qodef-h4\"><a id=\"wordpress-and-nfts\"><\/a>WordPress and NFTs<\/h2>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;21px&#8221;]<div class=\"qodef-single-image-holder    \">\n    <div class=\"qodef-si-inner\" >\n                                    <img loading=\"lazy\" decoding=\"async\" width=\"969\" height=\"554\" src=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/WordPress-and-NFTs.jpg\" class=\"attachment-full size-full\" alt=\"WordPress and NFTs\" srcset=\"https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/WordPress-and-NFTs.jpg 969w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/WordPress-and-NFTs-300x172.jpg 300w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/WordPress-and-NFTs-768x439.jpg 768w, https:\/\/qodeinteractive.com\/magazine\/wp-content\/uploads\/2021\/10\/WordPress-and-NFTs-620x354.jpg 620w\" sizes=\"auto, (max-width: 969px) 100vw, 969px\" \/>                        <\/div>\n<\/div>[vc_empty_space height=&#8221;38px&#8221;][vc_column_text]When you have a WordPress website, you\u2019ll have some great opportunities to play around with NFTs using some of the <a href=\"https:\/\/qodeinteractive.com\/magazine\/best-blockchain-plugins-for-wordpress\/\">WordPress blockchain plugins<\/a>. <strong>We\u2019ve already mentioned that it\u2019s possible to create your marketplace and mint NFTs on it<\/strong> \u2013 that\u2019s what can happen when you have a WordPress website and choose the right plugins.[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]<strong>If you\u2019re interested in experimenting with NFTs and WordPress, the plugins you might try include:<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;22px&#8221;]<ul class=\"qodef-unordered-list-item qodef-toc\">\n    <li>\n\t        <div class=\"qodef-ul-title-holder\">\n            <span class=\"qodef-ul-title-content\"><a href=\"https:\/\/wordpress.org\/plugins\/kredeum-nfts\/\" target=\"_blank\" rel=\"noopener\">Kredeum NFTs<\/a> \u2013 a WordPress plugin that lets you mint NFTs using the Polygon \/ Matic blockchain, store your files in a type of decentralized storage called IPFS that\u2019s very popular with NFT creators, and add your NFTs to the OpenSea marketplace.<\/span>        <\/div>\n            <\/li>\n<\/ul><ul class=\"qodef-unordered-list-item qodef-toc\">\n    <li>\n\t        <div class=\"qodef-ul-title-holder\">\n            <span class=\"qodef-ul-title-content\"><a href=\"https:\/\/wordpress.org\/plugins\/cryptocurrency-product-for-woocommerce\/\" target=\"_blank\" rel=\"noopener\">Cryptocurrency Product for WooCommerce<\/a> \u2013 this plugin lets you sell cryptocurrencies as products in your WooCommerce store, and with an addon, it also lets you add ERC721 tokens \u2013 NFTs \u2013 to the store.<\/span>        <\/div>\n            <\/li>\n<\/ul><ul class=\"qodef-unordered-list-item qodef-toc\">\n    <li>\n\t        <div class=\"qodef-ul-title-holder\">\n            <span class=\"qodef-ul-title-content\"><a href=\"https:\/\/wordpress.org\/plugins\/tatum\/\" target=\"_blank\" rel=\"noopener\">Tatum<\/a> \u2013 Tatum also lets you create your very own NFT marketplace, where you can mint your tokens, generate wallets, and sell NFTs. You\u2019ll need WooCommerce for it, though.<\/span>        <\/div>\n            <\/li>\n<\/ul>[vc_empty_space height=&#8221;28px&#8221;][vc_column_text]Keep in mind, when using these plugins, that they have a fairly narrow user base, and active installations that measure in hundreds, at best.<strong> It\u2019s all still very far from mainstream, but that\u2019s what might be a part of the appeal.<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;68px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 class=\"qodef-h4\">Let\u2019s Wrap It Up!<\/h2>\n<p>[\/vc_column_text][vc_column_text]Whether you\u2019re a digital artist, a content creator, or someone looking to invest in the newest, most talked about type of digital token, NFTs are just the thing that might interest you. We\u2019ve already seen incredibly expensive NFTs sold, and the number of NFT collectors is on the rise.<br \/>\n[\/vc_column_text][vc_empty_space height=&#8221;28px&#8221;][vc_column_text]But NFTs won\u2019t stop at artwork, probably. With tweets being sold and things like F-NFTs starting to pop up, it\u2019s clear that this type of token is still evolving. Who knows what form it might take next. One thing\u2019s for sure, though \u2013 someone will pay a lot of money to buy it.<br \/>\n[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Wondering what are these NFTs everyone&#8217;s been talking about? It sure can be hard to wrap your head around them, but don&#8217;t worry &#8211; we&#8217;ll help you out!<\/p>\n","protected":false},"author":9295,"featured_media":31139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[165,30,166,4],"class_list":["post-31102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-resources","tag-blockchain","tag-creative","tag-nft","tag-tips"],"_links":{"self":[{"href":"https:\/\/qodeinteractive.com\/magazine\/wp-json\/wp\/v2\/posts\/31102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qodeinteractive.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qodeinteractive.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qodeinteractive.com\/magazine\/wp-json\/wp\/v2\/users\/9295"}],"replies":[{"embeddable":true,"href":"https:\/\/qodeinteractive.com\/magazine\/wp-json\/wp\/v2\/comments?post=31102"}],"version-history":[{"count":0,"href":"https:\/\/qodeinteractive.com\/magazine\/wp-json\/wp\/v2\/posts\/31102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qodeinteractive.com\/magazine\/wp-json\/wp\/v2\/media\/31139"}],"wp:attachment":[{"href":"https:\/\/qodeinteractive.com\/magazine\/wp-json\/wp\/v2\/media?parent=31102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qodeinteractive.com\/magazine\/wp-json\/wp\/v2\/categories?post=31102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qodeinteractive.com\/magazine\/wp-json\/wp\/v2\/tags?post=31102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}