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NFT stands for Non Fungible Tokens. They are cryptographic assets, evolving all over the world to buy, sell and trade digital assets.

NFTs form the part of Smart Blockchain which can be bought and sold online. Unlike physical money and other cryptocurrencies, which are fungible and can be exchanged for one another, NFTs are built with unique identification codes making them not mutually interchangeable. Non-fungible means, they are unique tokens that can’t be replaced with something else. No two NFTs can be the same which ensures that digital assets owned by the individual are authentic. While you buy, sell, or give away NFTs, the nodes of computer networks verify the unique data.

Currently, NFTs are getting popular to buy and sell digital assets such as art, music, poetry, videos, in-game items, at large. This means one can own digital files. Although these digital assets can be available to anyone all over the internet and can be downloaded easily, NFTs provide the ownership of digital art by permanently securing the information on it.

The risk involved with NFTs, like any other cryptocurrency, is whether items keep up their price. As the value of NFTs changes based on what people are willing to pay, no one can predict when the value of any NFT goes up or when people stop wanting to have it.

However, NFTs provide a gateway to collecting fine digital artwork.

For buying a particular item in the physical world, you have to go out to the market where you can find shops, sellers, and products. At the same time, to buy, you need to have your wallet, money and you have to reach the market.

In NFT trading as well, the NFT marketplace has the same role.

NFT marketplace provides a platform for collectors and creators to mint, buy, sell, and trade Non-fungible tokens. These platforms empower artists or digital creators to take their digital assets onto the platform and secure it as a token on a blockchain in the form of NFTs. Artists can price their work on their own and sell it with great ease. At the same time, they also allow interested people to buy these digital assets.

It is only on the NFT marketplace, where you can easily:

• Mint an NFT
• List an NFT
• Buy an NFT
• Sell an NFT

But, there are a few prerequisites to access NFT marketplaces. These are:

1. Compatible Crypto wallet
2. Funds in Crypto wallet
3. Connecting your wallet to the marketplace

Once you fulfill these requirements, you can easily trade in the NFTs.

NFTation is such a platform that provides an opportunity for digital creators to showcase and sell their artworks to people all over the world. On this platform, artists and collectors can connect their wallets, comply with other requirements and start buying or selling digital assets. On NFTation, artists get the privilege to sell their artworks with two options: a fixed price and through auctions.

If you go to a market to buy something, you won’t get it for free. Before anyone asks for money, you’ll put your hand in your pocket to look for a wallet. Your wallet, that will have compatible money and will allow you to transact and buy what you wish for.

The same is with NFTs. For buying or trading NFTs, you need a wallet that will have the comparative currency in it. This digital wallet is known as a crypto wallet.

Crypto wallets help to store cryptocurrencies and NFTs securely. It performs the function of encryption, a signature that is used while executing a transaction, and verification of the owner of the wallet. Every crypto wallet, when created generates two keys:

• Private key
• Public key

The private key is the key that is restricted to the access of the owner and shouldn’t be shared with anybody. It is with this key that the owner can buy, sell and access his collections. However, the public key is shared with a third party to receive cryptocurrencies and NFTs.

Seed Phrase: Private key is encrypted and long based on different algorithms and so is difficult to remember. Therefore, the seed phrase is generated based on the private key for convenience. It usually is in the form of 12 or 24 words and at no cost, should be shared with anybody. Anyone who has a seed phrase can access the wallet and associated keys and NFTs. When a person loses his wallet, due to deletion, damage, misplacement, etc, with the seed phrase, they can easily get access back to their wallet with this seed phrase.

There are various platforms providing wallets. However, Metamask is one of the most adopted, convenient, and trustworthy wallet providers.

GAS is a charge or transactional fee required to successfully execute a transaction on Ethereum or other EVM compatible blockchains. It is a fee paid by the users to Smart-Chain miners to add blocks to the blockchain and conduct and confirm the transactions. This fee is required to provide resources to EVM or Ethereum Virtual Machine to execute necessary functions on Ethereum or other EVM based networks. It is a fee to keep the blockchain network secure.

On the ethereum blockchain, the fee or GAS can only be paid in the native currency of Ethereum, which is Ethereum or Ether (ETH). The price of GAS is denoted in gwei, which is itself a denotation of Ethereum. 1 ETH = 1,000,000,000 gwei

Therefore, to pay the GAS fee and do transactions, you will need to have enough ethereum in your wallet. Or if you are using one of the other Smart0chains supported by NFTation you will need to have their native tokens to be able to make transactions.

Like any other commodity in the market, the price of GAS varies with the demand and supply of the network’s users.

When there are lots of users trying to use the network and submit new transactions, due to congestion of the network the price of GAS goes high and it will be low when there is no rush on the network. It would be wise to buy, sell and mint NFTs when the GAS fee is lower.

There are various websites where you can track the price of GAS as:ethgastation.info or ethereumprice.org and pay whenever your ideal price is reached.

You can also choose to pay a different GAS fee according to the time within which you want your transaction to get executed, such as Fast, Standard or Slow.

Also soon NFTation would be supporting other EVM compatible blockchains you will have the option to choose blockchains that have much lower gas costs.

NFTation supports one of the most popular blockchains for NFTs, which is Ethereum.

Ethereum is the widest adopted blockchain for NFTs but some other smart chains also support NFTs, such as Binance Smart Chain (BSC), Flow by Dapper Labs, Tron, Polkadot, Tezos, Solana, and AVAX, etc.

For now, NFTation only works on Ethereum but we are also working to turn NFTation into a multi-blockchain platform supporting various popular EVM compatible NFT blockchains.

The increasing popularity of cryptocurrencies and NFTs is also attracting hackers and interveners to meddle with the security of user’s assets. Therefore, to secure your hard-earned money invested in NFTs, here are a few things to keep in mind:

1. Use the right crypto wallet

The keys of wallets can be stored in two kinds of wallets: Hardware wallets and Software wallets. Where software wallets are more like applications or software systems that store your private keys, hardware wallets provide an extra layer over software wallets. It helps you store your private key in a secure physical device, just like a warehouse of your keys. They are protected by microcontrollers from which unnecessary data can not be transferred making them highly secure. However, you still need to make sure you follow the best security practices of keeping your hardware wallet safe.

1. Never Give your Seed Phrases to anyone

The security of Seed Phrase is crucial to guard your crypto wallets. In no case, you should share this with anyone. You ideally should keep them offline and secure. Anyone with access to the Seed Phase can have access to your wallet and associated keys as well as assets. Besides, the private key and wallet password should also be kept private only to yourself.

1. Research is the key

NFTs is a new market and no one knows about the uncertainty. Therefore, before indulging in trading, you must have a basic knowledge and understanding of the NFTs, platforms, wallets, and other related aspects. Moreover, the transactions once done are irreversible, therefore, before hitting the transaction, you should research the seller, authenticity of art, etc.

To save you the most, at NFTation, we only list verified artists.

With these few methods, you can keep your NFTs safe, secure, and stay protected.

NFTation is a marketplace that provides users with a window where they can buy, sell, trade, and store their digital goods, including digital art and other valuable digital assets. We provide an opportunity for digital creators to showcase and sell their artworks to people all over the world by turning them into NFTs.

Here’s how NFTation is different from other marketplaces:

1. Verified Artists: NFTation is not an open marketplace and all the artists are vetted directly by the platform or have been invited through other vetted artists.
2. Authenticity: The NFTs minted at NFTation are duly signed by the creator wallet to certify the authenticity of the original artwork.
3. Selling Options: On NFTation, artists have two options to sell their digital art. The first is making it a fixed price sale and the second is through 24-hour reserve price auctions.
4. Curation: NFTation uniquely has specific curated digital collections that are called “Galleries” that help artists to be able to focus on their artistic creation whilst getting help in promoting their artworks.

In short, on NFTation, as a creator, you can easily mint NFT and list your artwork for sale at a price you desire. And, as a collector, you can be assured you get the original artwork from verified artists.

We intend to build a new creative economy and provide a reliable platform for creators as well as collectors to buy, sell, and trade in the NFTs.

NFTs are a new concept for everyone. At the same time, they are quite complex to understand, especially for people who are not in the technology sector. This poses a problem to the people who want to understand it.

Furthermore, the intricacy of the subject may give a huge backlash to your hard-earned money. It is necessary to know in detail about the market, cryptocurrency, blockchain, wallets, etc. This is the only way you can mint, buy and sell the NFTs with peace of mind for your profit.

• ethereum.org
• medium.com/metamask

Besides these resources, you can become a part of our community where you can stay updated by having periodic information about NFTs and NFTation.

• Twitter
• LinkedIn
• Facebook/Instagram
• Blog

(Link the handles)

NFTation galleries are meant to provide a marketing and pricing strategy service to artists. Galleries are handpicked experts in the field of art that have an eye for great artwork. They are selected by NFTation and artists could choose to work with any of the available galleries and if they accept to represent them.

Artists would have the option to select a gallery for the work they are minting and if the gallery approves the presence of the artwork in their gallery then that work would be shown as a part of that specific gallery.

Advantages of the Galleries

• One of the advantages of the galleries for the platform and collectors is that they will be bringing new artists to the platform. New galleries are encouraged to bring the artists that they are currently working with to the platform. In this way, collectors could have a choice of various digital assets.
• Galleries would bring new collectors to the platform by promoting the NFTs that are minted by their associated artists and other artists who mutually agree to be promoted by the galleries. This would in turn give a wide audience to the artists to showcase their artworks.
• Galleries help in further growth of the platform by onboarding new artists and promoting their works to potential collectors and curating the artworks on the NFTation platform. NFTs will get an extra seal of approval by curators of the galleries who have verified the artist and artworks that they are presenting.

Therefore, the Gallery is an addition to all the convenience being provided to the creators as well as collectors without costing them anything extra. This is a free service to the artists. You could get more specific information about the advantages of galleries for artists or collectors in the respective FAQ sections.