• The NFT Handbook – How to Create, Sell and Buy Non –Fungible Tokens (Paperback / softback) 9781119838388
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The NFT Handbook
How to Create, Sell and Buy Non-Fungible Tokens

Matt Fortnow (Author), QuHarrison Terry (Author)

9781119838388, Wiley

Paperback / softback, published 7 October 2021

288 pages
22.6 x 15 x 1.5 cm, 0.386 kg

Learn how to create and profit from NFTs

The NFT Handbook is a detailed guide on how to create, sell and buy non-fungible tokens without the need for a technical background. Learn exactly what NFTs are, how they evolved, and why they have value.
We’ll delve into the different types and aspects of NFTs and discuss the different NFT marketplaces and the pros and cons of each.

  • Create Your Own NFTs: Step by step instructions on all aspects of NFT creation, including what types of content to use, where to source content, adding artistic design, writing the NFT’s description, adding optional unlockable content and setting an optional ongoing royalty.
  • Mint Your NFTs: You’ll learn the process of how to get your NFTs on the blockchain.
  • Sell Your NFTs: We’ll go through the whole process including creating a collection, and the different options such as setting a price or starting an auction.
  • Buy NFTs: What you’ll need to bid on and purchase NFTs, and how to avoid getting scammed.
  • You’ll also get a primer on blockchain, particularly the Ethereum cryptocurrency and “gas” fees. You’ll also be shown step by step how to create, secure and fund your own cryptocurrency wallet, where you’ll store your NFTs and cryptocurrency.
Whether you’re experienced with the blockchain and crypto or a complete noob (beginner), The NFT Handbook will guide you in the process of creating, minting, selling and buying NFTs.

About the Authors vii

About the Technical Editor ix

Acknowledgments x

Foreword xvii

Chapter 1 Introduction to NFTs 1

Chapter 2 What Are NFTs? 7

Why People Collect 7

What Exactly Are NFTs? 10

Types of NFTs 16

Aspects of NFTs 32

Extrinsic Elements of NFTs 44

Chapter 3 Why NFTs Have Value 49

Why Do Collectibles Have Value? 50

The Problems with Traditional Art 53

The Problems with Collectibles and Memorabilia 57

Digital Art Before NFTs 60

The True Advantage of NFTs 61

NFTs Aren’t Perfect 74

External Forces That Drive Value 89

Chapter 4 History of NFTs 93

Andy Warhol Presents Pop Art 94

Beeple’s Cyberpunk World Meets NFTs 99

The Story of Digital Art 104

Chapter 5 NFT Marketplaces 115

OpenSea 116

Rarible 117

Nifty Gateway 118

SuperRare 118

Wax (Atomic Hub) 119

Foundation 120

NBA Top Shot 121

VeVe 122

Known Origin 122

Myth Market 123

Wrap-Up 124

Chapter 6 Creating and Minting NFTs 125

Creating the Aspects of Your NFT 126

Creating a Cryptocurrency Wallet 134

Creating an OpenSea Account 144

Creating a Collection 147

Minting an NFT 157

Chapter 7 Selling NFTs 161

Your Exchange Account 161

Buying Cryptocurrency 167

Funding Your MetaMask Wallet 170

Selling Your NFTs 172

Marketing Your NFTs 181

Chapter 8 Buying NFTs 195

Why Buy NFTs? 195

Buying NFTs 199

Building an NFT Collection 206

Chapter 9 Legal Aspects of NFTs 213

Are NFTs Securities? 214

Intellectual Property Rights 218

Right of Publicity 225

Right of Privacy 231

Contracts 232

Taxes 235

Chapter 10 The Future of NFTs 239

The Metaverse 240

Non-bankable Assets 246

Digital Wallets 251

The Unwritten Future of NFTs 254

Index 255

Subject Areas: Finance & accounting [KF]
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