How Does StartFi Works

The NFT, aka non-fungible token, has become a hot topic of conversation in the United States (US) and has attracted the attention of the world. Uniquely, from there users can make transactions for works of art. Do you know what is NFT that is being discussed a lot? In order not to be called a coup (lack of updates), see the explanation that detikcom quoted from CNN.

Definition NFT?

NFT is a digital token linked to a large blockchain system. Actually, it is not much different from some crypto currency assets, the only difference is that NFT cannot be exchanged, but can be traded. So far NFT is widely used to represent an item, mostly works of art in digital forums. You could say NFT is a certificate of ownership of an item.

Most commonly, nowadays NFT is indeed used to buy and sell digital artwork. What is bought here is the NFT, as a sign of ownership of a work of art. It may seem simple to some people, but many people are willing to spend money to have an NFT version of a digital image, you know. For example, the first tweet of the founder of Twitter, Jack Dorsey was offered for US $ 2.5. StartFi Works will help you if you have problem.

What Can Be Sell and Buy with NFT?

Apart from works of art, there are many other forms of NFT that can be traded. The shape can be different according to what item you want to attach the NFT to, it can be collectibles or even physical objects. Because every blockchain transaction is permanently and publicly recorded, NFT provides a way to assign value to objects online by their owners. For example, an artist embeds an NFT on his work, he can set a price for each NFT that is traded.

NFTs are typically used to buy and sell digital art and can take the form of GIFs, tweets, virtual trading cards, physical object images, video game skins, virtual real estate, Pokémon cards, rare coins, a limited edition pair of Jordan shoes, and much more. StartFi Works very easy and simple.

If you don't want to buy NFT, you have to decide which market you buy it from, what type of digital wallet to use, and what type of cryptocurrency you need. Some of the most common NFT marketplaces include OpenSea, Mintable, Nifty Gateway, and Rarible. There are also niche markets for more specific types of NFT, such as NBA Top Shot for basketball video highlights or valuables for auctioning tweets like Dorsey which is currently up for bid.

How to sell it?

NFT is also sold in the market and the process varies from platform to platform. You must first upload the content to the marketplace, then follow the instructions to convert it to NFT. Next you will be asked to enter specific things such as a job description and a suggested price. Most NFTs are purchased using ethereum, but can also be purchased with other ERC-20 tokens such as WAX and Flow. StartFi Works will help you, it is very easy and simple.

How to make it?

Anyone can make NFT. All it takes is a digital wallet, an ethereum purchase, and a connection to the NFT marketplace where you're uploading to convert the content into NFT or crypto art. The NFT market itself has quadrupled in 2020. The amount is more than US$ 250 million. Hope this article is useful for you.

Related links

Website: https://startfi.io/
Twiter: https://twitter.com/StartFinance
Telegram: https://t.me/StartFiChat
Medium: https://startfinance.medium.com/
Pitch Deck: https://drive.google.com/file/d/1vrQ8N3UrQgBw8EiulLDXJZeoBWREiMPz/view?usp=sharing

Author by: Ludmilla_rose1995
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1064448
BSC Address Wallet: 0x29ac4A201C36b7922430F0A37976C1bA1c617339