As compared to NFTs, Blockchain store the data as blocks that are linked or chained in cryptography. NFTs ensure uniqueness and contain metadata and identifiers that keep it separate from other NFTs.
2. How do they look?
It depends on the NFT creator. He or she can be just a beginner or a digital art expert with experience in creating and designing digital art in various formats. You can create on your own with the help of Adobe Photoshop, Canva, or any other software that helps you even to prepare 3D models.
There are many beginners in digital artists who gained proficiency in simple art forms. Working on creations is a good attempt. You will succeed as you take good practice into it. It can be anything from text to image to audio and video. You can design it on your own or you can already take the one that is available in the library of the crypto trading platform.
3. How do put them for sale?
As you list NFTs on one of the crypto trading platforms, the stripchat tokens takes a look at it. As you gain exposure, they go popular. Once you activate your account in one of the trading platforms, you can enlist the NFT for trading by adding a name, price, royalty, and transaction fee. You also have to connect to any of your preferred crypto wallets viz., Metamask wallet, Wallet connect, Coinbase wallet, and Solana wallet.
4. What happens when they are sold?
As a seller, when you list NFTs for sale, they are purchased in respective crypto or real currency. Sale proceeds are added to your wallet automatically after deducting the transaction or gas fees.
As the owner of a specific design of NFT, you are also entitled to receive royalties. This means, that after the initial payment, you also get to receive a royalty commission whenever follow-up orders are made. This means it is a lifetime royalty. Royalties to artists are around 2 to 5% which is after-sale. Some may go up to 30% and above.