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.
At the time of writing this review, The NFT Handbook might be the 'least read' book I've ever read, with only 2 ratings and reviews recorded on Goodreads. This means that there's a good chance that someone looking at this book will actually see my review, which in turn means that I am writing not solely for my own friends on Goodreads, but rather for an audience of unknown size.
As I began reading The NFT Handbook, my understanding of NFTs was quite limited. In principal, I understood their existence - but I didn't really get why they existed. Unfortunately, while The NFT Handbook serves as an intelligible introductory text, it doesn't really explain why in a convincing manner. However, this might be simply be because I am not connected to spaces that value NFTs and as such I myself do not value NFTs.
The NFT Handbook consists of what I might call two sections - the theoretical and the practical sections.
I was most interested in theoretical considerations: What are NFTs? Why do NFTs have value? These sections I found interesting, if not always convincing. One thing to note is that NFTs are still in their infancy. It's quite possible that NFTs will occupy an increasing number of spaces as they are adopted more widely. The book speculates on some of these possibilities, which are interesting considerations but which are yet to be widely adopted.
In complete transparency, I did not read the practical sections of the book because I have no interest in participating in the market for NFTs. As such, I cannot speak to the quality or accuracy of these sections.
I will be interested to see the future of NFTs in the coming decades.
The human urge to collect is profound. Paintings, sneakers, Pokémon cards – you name it, someone’s bidding on that ultra-rare object which completes their collection. NFTs exist online, but they’re also collectibles. The dynamic behind digital collection is just the same as it is in the analogue world. The rarer something is, the more demand there is for it. And scarcity plus demand equals rising value, whether you’re talking about Renaissance paintings or blockchain tokens.
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Digital Mona Lisas
So what kind of unique digital assets are people collecting? The answer is that pretty much anything can be an NFT, but let's start with digital art.
The best-known works of the NFT era don’t look like Renaissance paintings, but they’ve been selling for prices that rival those of old school canvases. Take the digital artist Mike Winkelmann, aka Beeple.
In 2007, Beeple started a project called Everydays. The goal was to create a new digital artwork every day and hone his skills along the way. He slowly developed the unique style for which he’s now known: surreal collages of presidents, celebrities, and pop-culture touchstones like Buzz Lightyear. Other pieces, like his image of a pixelated Mona Lisa, ironically reference his lack of conventional artistic training.
Beeple made history in 2019 by becoming the first artist to sell an NFT through Christie’s, a British auction house that’s long been a central node in the global art market. Beeple’s work, which featured images from the first 5,000 days of the Everydays project, sold for $69 million.
His aren’t the only digital artworks which are highly sought after. CryptoPunks, a limited edition run of 10,000 randomly generated pixelated punks, regularly sell for hundreds of thousands of dollars. A collection of 10,000 cartoon apes known as the Bored Ape Yacht Club sell for just as much. Famous collectors of the apes include Eminem, Gwyneth Paltrow, Paris Hilton, and Serena Williams.
But it’s not just digital art that’s being sold via blockchain. Online culture is a treasure trove of potential collectibles. An NFT of one of the first Vine videos ever made sold for over $16,000. So is music. When the rock band Kings of Leon released an album as an NFT, it generated over $2 million in sales. Videos are another popular format. Collectors of highlight videos featuring famous moments in American basketball history have spent over half a billion dollars on NBA Top Shots NFTs.
NFTs are also changing the way digital work is funded. Selling tokens of ownership for essays, newsletters, or even tweets allows creators to monetize their work without putting it behind a paywall.
Another emerging trend is to combine NFTs with “social tokens” that give buyers special privileges. When you buy a Bored Ape, for example, you get access to a members-only community – think Soho House, but online. Other brands’ NFTs provide access to exclusive merchandise no one else can buy.
Add all that together and it’s easy to see why the NFT market is booming right now.
Pretty good primer if you go in knowing nothing about NFTs or crypto. People well-versed in it, not so much.
My biggest beef is with the audiobook version since that’s what I listened to and can’t in good conscience give the book all five stars since the narrator doesn’t know how to pronounce GIF. This would not be a big deal at all in most circumstances but with how many times it comes up in this work since it’s NFTs, after all, it really was distracting.
Who hasn’t been mystified by the idea of people selling something on line ....like a token assuring ownership....for a vast sum of money. Well I certainly have been intrigued by the process and I was hoping that this book could set me straight. And, actually, I think they have done an excellent job. I think I’m almost at the stage where I could actually create a NFT but whether I could market it and persuade people to buy it is a whole other question. But first up, I must confess that I’ve only read the Blinkist summary version of this book. Undoubtedly, I have missed a lot of the details and nuances that would be in the original. But, I’m satisfied that I’ve got a reasonable grasp of the salient points around the creation and sale of NFTs. I’ve extracted a few quotes from the summary below, which for me, capture the essence of the book. “A question of ownership:........an enigmatic portrait in oil on white poplar wood finished around 1500: Leonardo da Vinci’s Mona Lisa. Currently, insurers value the work at over $ 800 million......There’s only one Mona Lisa. Sure, we can reproduce the painting as a poster, but even the best reproduction lacks something important......Reproductions don’t have the same provenance.....The tech world uses a different word to describe one-offs. That word is non-fungible. “Fungible” means that something is mutually interchangeable. [Derives from the Latin verb fungi ....meaning to perform]. A dollar bill is a great example of a fungible object....The Mona Lisa sits at the other end of the spectrum: it’s extremely non-fungible. Well, it’s a lot easier to establish ownership and provenance–to trace what belongs to whom and who made what–in the analogue world than it is in the digital world. That’s the problem NFTs solve.....With digital products you can add in people’s urge to share, and music became virtually free overnight.....The issue for producers and creators was as simple to state as it was hard to solve: How do you establish ownership of easily copyable digital assets like electronic files? The most revolutionary answer of all is blockchain........Say you wanted to establish who owns which media........you could create an inherently trustworthy–because unfalsifiable–record of a work’s provenance. That’s the blockchain revolution.......A non-fungible token is a record of ownership of digital assets held on a decentralized database that’s very, very hard to falsify. That’s the theory......When a digital artist sells an NFT of her work, the buyer pays for a token saying they own it. That’s it. The image itself remains online. Anyone can download it, print it out, and put it on their wall. So, why would you pay good money for an NFT? What we’re really looking at here is the psychology behind collecting.....The core of all collecting is scarcity. The rarer a desired good is, the more valuable it becomes.......It’s documented ownership of the real thing that’s valuable. Pretty much anything can be an NFT, but let's start with digital art.....In 2007, Beeple started a project called Everydays. The goal was to create a new digital artwork every day and hone his skills along the way......Beeple made history in 2019 by becoming the first artist to sell an NFT through Christie's,......Beeple's work, which featured images from the first 5,000 days of the Everydays project, sold for $ 69 million......His aren't the only digital artworks which are highly sought after. CryptoPunks, a limited edition run of 10,000 randomly generated pixelated punks, regularly sell for hundreds of thousands of dollars......When the rock band Kings of Leon released an album as an NFT, it generated over $ 2 million in sales. Videos are another popular format. NFTs are also changing the way digital work is funded. Selling tokens of ownership for essays, newsletters, or even tweets allows creators to monetize their work without putting it behind a paywall......When you buy a Bored Ape, for example, you get access to a members-only community-think Soho House, but online. Other brands' NFTs provide access to exclusive merchandise no one else can buy. How can you enter the NFT market? There are two options. You can buy and sell NFTs that already exist, or you can make and sell your own NFTs. To buy NFTs, you'll need cryptocurrency. Which cryptocurrency depends on which marketplace you're using, but the most popular marketplace-that's OpenSea-uses Ethereum for most transactions.......That means you'll need a cryptocurrency wallet. A secure option that's often recommended for folks new to crypto is the Coinbase Wallet.......Now you can head over to OpenSea and create your account......And that's pretty much it-you're now ready to browse listings and buy NFTs. Some NFTs are sold for a set price. In that case, you'll be given a "buy now" option. Other sales are auctions,....The authors' rule of thumb is to only collect NFTs that speak to you. Some NFTs just aren't going to explode, so pick projects you like, even if they don't make you any money......Best not to put all your eggs in one basket. NFT’s are “minted”.....In producing your own NFTs the NFT must be added to the blockchain. If you're using OpenSea, you'll be adding your NFT to the Ethereum blockchain. Here's how to do it.......Head over to the OpenSea platform and look for the "create" menu in the top right corner.......Next, click "My Collections.".....Once you've done that, you'll need to click "Add New Item"......Finally, hit "Create".......And that's it-you've just made your first NFT! The only limitation is copyright: you have to own the material or have a right to use it. Getting the name of your NFT right is vital:......pick something attention-grabbing like one project's name-Bitchcoin. Or you use the file name to emphasize your NFT's uniqueness by adding descriptors like "one of a kind" or adding series numbers like "1 of 1" or "1 of 50." Selling NFTs:.......Can't put a number to your NFT? No problem-you don't have to set a price. Instead, you can put your NFT onto the market and wait for people to send you offers, which you're free to accept or decline. And that completes your NFT toolkit. Now you know how to buy, create, and sell NFTs. What comes next? That's for you to decide......Happy hunting! So what’s my overall take on the book. Great! I though it did exactly what it promised to do and I certainly learned a lot. Five stars from me.
3.5/5 A good intro into NFTs including a survey of the popular NFTs, the recent history (including a peek into history of digital art which is older than you think), the current trends and future opportunities.
The instructions for minting, buying and selling NFTs in Chapters 6, 7, 8 are specific to platforms that will be probably be outdated already. These could have been excluded.
Good introduction for those uninitiated. You will get a basic understanding of why people buy nft and detailed steps on how to get started. Do note that the nft market moves so fast that the information may not be relevant by the time you read. Dyodd.
This entire review has been hidden because of spoilers.
This tome serves as a complete overseer for those keen on orbiting the emergent world of NFTs. This book begins by demystifying NFTs, clarifying their lineages, development, and the central value that has pushed them into mainstream consciousness. It probes into the fundamentals of blockchain expertise, principally ‘Ethereum’, and discloses concepts such as smart contracts and "gas" fees, which are crucial for anyone looking to generate or trade NFTs. Folks, one of the standout features of this tome is its practical assistance on making and minting NFTs. The authors deliver complete advices on choosing suitable content, sourcing materials, incorporating artistic design, writing compelling descriptions, adding optional unlockable content, and setting up ongoing royalties. This hands-on technique, authorizes readers to alter their digital creations into blockchain-registered possessions. Along with creation, the book offers insights into vending NFTs, including strategies for pricing, auctioning, and constructing collections. It also covers the buying process, underlining what possible buyers should consider and how to avoid common drawbacks and scams in the NFT marketplace. The authors deliberate upon several NFT marketplaces, delineating the pros and cons of each, which is irreplaceable for readers aiming to make informed decisions. The authors bring a wealth of experience to the subject. Fortnow, an entertainment lawyer turned tech industrialist, has a profound understanding of digital assets and blockchain technology. Terry, a growth marketer and entrepreneur, co-founded 23VIVI, the world's principal digital art marketplace powered by the Bitcoin blockchain, and has been documented multiple times as one of LinkedIn’s ‘Top Voices in Technology’. Overall, "The NFT Handbook" is a valued resource for anybody seeking to understand and contribute in the NFT ecosystem. Its vibrant explanations, practical advice, and real-life specimens make it a must-read for artists, collectors, investors, and technologists interested in the future of digital assets. Give this book a go guys. Gorge it. Please do. Published in October 2021, this 288-page manual offers a step-by-step method to knowing and working with NFTs, making it available to both apprentices and experienced specialists in the blockchain and cryptocurrency space. I endorse it with all gusto. It is not only since I am infatuated with Web 3.0 and Blockchain, but since I mean it from the core of my heart. Trust me.
Listened to this book via Audible. I chose this book because I wanted to learn more about non-fungible tokens (NFTs), cryptocurrencies, and the trading marketplaces. The book is educational on all of these topics and provides in-depth answers to all of the logical questions of a beginner. The organization of the chapters and the quality of the narration are positive factors. (There are many references to exhibits in the paper / electronic copy, which seem to be valuable to those that want more detail.) I suppose I give the book 4 stars (instead of 5) because I don't quite get it - the authors freely admit that there are many unknowns, that much speculation is involved, that bad actors can still prevail. To me, NFTs are still the playground of those with significant discretionary income who can afford to take highly emotional risks.
Starting with the insight "Why are people collecting things." if it isn't NFT, People always collect other stuff, such as McDonald's Happy Meals, etc. Traditional art has problems like forgery scams, fake sales, and connoisseur fallibility. NTF can solve problems by using blockchain technology.
Types of NFTs include Digital art, Images, Videos, GIFs, 3D models, Books, Game items, Digital trading cards, Digital real estate, Domain names, and Event tickets. In Ethereum, smart contract tokens run on ERC721 or ERC1155.
Proof of Provenance factor defined by Historical significance, Sentiment, Condition, and Collection completion. (Because it's rare doesn't mean it's valuable)
An English auction is typical where bids start low and then increase. A Dutch auction is where the price starts high and then slowly decreases over time.
In today’s digital world, we use non-fungible tokens (NFTs) in many applications. NFTs are unique digital assets on the blockchain that can be owned and traded by individuals. A common example of an NFT is a crypto-collectible. Crypto-collectibles are unique digital assets with defined characteristics such as a name, image, description and other metadata. Getting crypto cpa denver colorado services can be very helpful in this regard. There are currently many different types of crypto-collectibles, including CryptoKitties, CryptoCelebrities and Cryptopunks. You can even create your own NFT through platforms like Rarebits or OpenSea. These platforms allow you to buy, sell and trade NFTs with other users around the world.
90% marketing hype, 10% actual useful content. Odds are that anyone who followed the advice in this book when it was released lost hundreds if not thousands of dollars, or at best wasted a lot of time and energy. While the underlying technology does have a lot of future potential, the approach presented is speculative gambling at best, mixed with an unhealthy scoop of outright fraud.
To make the book worse, obvious points are belaboured in great detail, while more complex concepts and issues are glossed over or completely ignored.
I found NFT Handbook a very useful in helping me understand how NFTs work and how to create them. It’s been a while since I used it, so I thought this would be a good time to update my review. Also, the product like psychedelics for sale is available at affordable price. It seems like a good way to learn about NFTs from a non-technical perspective, and I would recommend it for anyone who is interested in learning more about NFTs.
This is such a great book . Especially for beginners in NFT world like me. I found it informative, easy to follow, full of great tips and information. I borrowed this one from the library, but I really would like to have a copy on my book shelf. I know that technology changes fast, but I am sure this book will be useful for a longer time. If you want to learn more about NFTs , start creating and selling or buying them, start with this book. Comprehensive guide for all.
Discovering the world of NFTs is made easy with "The NFT Handbook: How to create, sell, and buy Non-Fungible Tokens." This comprehensive guide covers all aspects of NFTs, including purchasing, secure storage, and selling. Moreover, it provides invaluable insights into creating and marketing your own NFTs, making it an excellent resource for those interested in the technology, concepts, and potential future developments within the NFT realm.
Tạm ổn về NFT, vì mình cũng không tìm thấy quyển nào nổi trội ở đề tài này. Thật ra nó chỉ làm tốt phần giới thiệu, đoạn giữa hướng dẫn giao dịch, mở ví,... hơi dư thừa. Chiếm đến 3-4 chương. Mấy thông tin này hoặc đưa link hoặc tự search, chứ viết vào sách mấy hôm đã outdated. Đoạn cuối về tương lai NFT thì quá tệ.
This is a good overview and sample of the many NFT projects being developed, and growing, from the capabilities offered by Smart Contracts on a few of the blockchain technology platforms. It dives into some of the people and projects searching for utility and value in the vast landscape of a very new set of technology offerings.
I think this is an informational book like a crash course about how NFT is evaluated and how it's sold and advertised on the market. I knew digital art was a trend back in the Bay Area, but putting the digital art into the token to own it is a new concept. Just like crypto back then, NFT might rise later.
It is written in an easy to read way. However, I expected there to be more practical insight into how to make your NFT a success. The info given remains very basic and sometimes the obvious is explained in too much detail (e.g. how you set up google Authenticator step by step).
NFTs are still not clear even after reading the book. Don't fully understand the value of them. The first few chapters were good but the later chapters were more complicated.
Great content and very comprehensible. I read the whole thing in one sitting, and I am now very inspired and excited to begin developing my own NFT collection!
A real "NFT for Dummies". Probably not the source of advanced market-cornering strategies you're looking for. Definitely, the best introductory source on the subject that I've seen so far.
An amazing and somewhat unbelievable phenomenon that everyone needs to underastand. A very good description and explanation of a mysterious concept that will be around. A must read.