Aug 4, 20213 min read

What is an NFT? | BITCLOUT's NEW FEATURE & My Art Collection

I've been heavily researching all there is to know about NFT's and it's projections... Let me tell you, this could become something very cool!

What is an NFT?

An NFT could be a script, music, video, painting, portrait or any other type of digital asset.

NFT is an abbreviation that means Non Fungible Token.

But that doesn’t make it any clearer.

“Non-fungible” means that it’s unique and can’t be replaced with something else.

For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing.

A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different.

How do NFTs work?

Most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently

What’s worth picking up at the NFT supermarket?

NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art. Imagine the future when we all wear VR Glasses regularly, you will be able to digitally decorate your house with the art!

Another new use for NFT's are legal documents and titles that have been acquired for Real Estate Purchases, Vehicles, or anything else relatable.

Here's an example, I created an album with artistic editing of some of my most favourite adventure photo's, this could be posted for sale as an NFT collection.

BITCLOUT & NFT's

NEW FEATURE ON BITCLOUT

Bitclout has just launched it's new feature - the NFT Market.

As the newest and most trending decentralized Social Media Platform, you can now post art and NFT's for sale to share with your followers.

You have your own coin?

Yes, Bitclout is a decentralized social media platform that lets you invest in your favourite creators and public figures. Each account has its own coin that is purchased using the CLOUT coin.

What makes them standout? - BITCLOUT ROYALTIES!

On every sale, including resale, a customizable percentage goes to you, the creator, and to your coin-holders! This is a feature unique to Bitclout and that I hope will bring it more awareness.

How do I create an NFT on Bitclout?

Visit your home page and post your NFT

Click on the "..." to the upper right corner of your post and follow the instructions.

Choose your type of NFT

- Single - Multiple editions - An NFT can have multiple editions, each with its own unique serial number.

Sale Status and Price - Put it on sale

- Choose Minimum Bid price

Royalties

- % Creator Royalty - % Coin-holder Royalty - On every sale, including resale, a customizable percentage goes to you, the creator, and to your coin-holders.

Unlockable Content - Enable Unlockable Content - Include exclusive text, like a URL, encrypted for NFT purchasers.

How can I buy your collection?

I just posted my first 2 pieces for my Digital Art collection inspired by Mexico and painted in watercolour style.

Visit my profile at https://bitclout.com/GabbiiGoose and purchase your under my NFT tab. I will be posting one piece of art per week!

Here's a sneak preview of this collection...