Question 1

How can I create an NFT?

Accepted Answer

To create an NFT, you need a digital asset or creation of any kind which is yours.

To mint an NFT on the NFTically platform, you have to follow the below step by step guide.

Step 1: Sign up using your Wallet. Preferably MetaMask.

Step 2: Go to "My Collections" by clicking on the User icon Menu on the top right corner.

**Step 3: ** Click on "Create Now" button to create your first collection.

**Step 4: ** Fill the details of your collection.

**Step 5: ** Once the Collection has been created, on the collection page, click on "Add Item"

**Step 6: ** Add the details of your digital asset for which you want to mint your NFT & then click on "Save"

Step 7: Go to the newly created item and then click on "Sell" button.

Step 8: Since this will be your first item in this Collection, you will be asked to sign & confirm four transactions one by one & pay the Gas Fees to the Blockchain which you have selected while creating the Collection.

Step 9: Done. Your item has been minted and can be purchased by anyone.

Question 2

What is NFT (Non-Fungible Token)?

Accepted Answer

Before understanding NFT, you must understand what is fungibility. Fungibility is the property of the object or item to be interchanged with another copy of the same type or similar type or different type without affecting its value. Money is the best example of fungible tokens. If I have a $100 bill & you have five $20 bills then we can exchange it easily without causing any loss or benefit to anyone. Similarly, Non-Fungible items are those which can not be interchanged like this.

Gallery art hanging in the museum is the best example of it. Every art is unique & can not be replaced by any similar items.

Non-Fungible Token (NFT) represents a one-of-a-kind digital asset which has been securitised by the backing of cryptography (the same technology we use to generate cryptocurrencies) and thus allows the owner to claim their creation.

It's just a digital representation of your digital assets (image, video, text file, pdf, etc.) whose proof-of-existence & proof-of-ownership is being managed by a Blockchain ledger, simply called Blockchain. This is only possible because the Blockchain ledger is considered immutable (means can not be altered or removed) and thus cannot be tampered with by anyone without paying billions of dollars & years of time.

NFTs can be created for a wide variety of digital art and assets like music, painting, memes, videos, gaming collectibles and a lot more. Since NFTs provide a sense of belonging and help in establishing a proof of ownership, they ar

Question 3

How to sell my NFT?

Accepted Answer

To sell an NFT, you need to first create an item inside your collection and then mint it by putting it on sale.

To sell an NFT on the NFTically platform, you have to follow the below step by step guide.

**Step 1: ** Go to your collection page & click on "Add Item" button.

**Step 2: ** Add the details of your digital asset for which you want to mint your NFT & then click on "Save"

Step 3: Go to the newly created item and then click on "Sell" button.

Step 4: Since this will be your first item in this Collection, you will be asked to sign & confirm four transactions one by one & pay the Gas Fees to the Blockchain which you have selected while creating the Collection.

Step 5: Done. Your item has been minted and can be purchased by anyone.

Question 4

What is Blockchain and how does it work?

Accepted Answer

A blockchain is a peer-to-peer Database (aka Ledger) of transactions arranged in a chronological order through encryption. Any data recorded in the Blockchain is immutable in a way. Immutability adds the trust on the recorded data which makes the Blockchain powerful for certain use cases.

Bitcoin are the assets created through the ledger on Bitcoin Blockchain.
NFTs are the tokens minted through Blockchain and remain recorded in the blockchain for Ownership, Proof-of-Existence & Time-stamping.

Miners add a Block into the Blockchain by adding the new transactions into it and sign it cryptographically after solving a computation challenge. This process is called Mining. Miners get rewarded by for this work through transaction fees in that Block which is paid by all the users while proceeding with the transaction.

Question 5

How to buy an NFT?

Accepted Answer

To buy an NFT on NFTically, you need to first login with your Wallet like MetaMask.

Post that you have to follow the below step by step guide.

**Step 1: ** Go to the NFT item you want to purchase.

**Step 2: ** Click on "Buy Now" button on that page. Make sure you do your own research before buying an NFT item. Due to transactions happening directly on Blockchain, they are not reversible.

Step 3: Sign the transaction on the MetaMask extension or Mobile app (if connected via WalletConnect).

Step 4: Once the signing is complete, you have to wait for few minutes before the transaction is completed and mined on the Blockchain. This may take between a few seconds to a few minutes or hours depending on how much Gas price you have set while initiating the transaction.

Step 5: Done. You can see that the owner details has been changed on the item page and now you can see the option to sell this item at whatever price you feel right.

Question 6

What is NFTically?

Accepted Answer

NFTically is a worldwide B2B SaaS platform that allows celebrities, influencers, gamers, clubs, and corporations to create their own white-label NFT Store or NFT Hub with minimal technical skills.

Celebrities and companies may use NFTically to manage various elements of their NFT hub, including settings, Blockchain pinning, analytics, user experience, APIs, integrations, custom terms and conditions, and so on.

NFTically is a trailblazing NFT Store launching solution on cloud with features like custom UI, social tokens for celebrities, KYC, USD support, and more.

The platform currently supports major blockchains like-

Ethereum
Polygon
Binance Smart Chain.

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