02/10/2021
What are NFT’s??
NFTs (or non-fungible tokens) are unique digital tokens that serve as proof of ownership of an asset and cannot be replicated.
How do NFTs work?
When NFTs are minted (uploaded) they are tagged on the crypto blockchain with unique code that proves authenticity and ownership
What’s minting an NFT?
Minting an NFT means you are uploading your digital art/asset for the first time onto the blockchain. Where it will be unchangeable and tamper proof.
What can an NFT be?
An NFT can be anything in digital format such as. Digital art, drawings, photographs, videos, 3D renders, music, poetry. Even screenshots of your best tweets can be an NFT. The options are limitless.
Why should artists care?
Well for one it’s opening up a completely new platform for digital creators of all forms to monetize themselves on. Also artists get paid out royalties for each time their work gets resold which is a game changer.
Why should buyers care?
Buyers would be supporting local artists. They also have the trust that they are buying a 1 of 1 piece that guarantees ownership. On top of that the ability to resell really unique and cool work in the same NFT market they bought it on free of hassle’s
Where can I buy or sell an NFT?
If you are looking at buying or selling an NFT you can do so through our Yesosat profile on OpenSea!
We will have artwork up soon from local Ethiopian artists, so stayed tuned!
We hope we have answered some of your questions regarding NFTs
Help us by sharing this to as many people as possible and spread the NFT love