## To explain "Non-Generative NFTs" we need to explain "Generative NFTs"


### What it is
Generative NFT is the automated process of making an NFT with maths, codes, logic, randomization, and other algorithmic elements on already created digital art.


### How it's done
A defined structure for the NFT is created and made the center of randomization, a defined structure like the body of an Ape, Alien, etc. then the accessories or variations of that NFT character like the color of the skin, the scarf, ears, jewelry, cigarettes, clothing, etc with their colors randomized using code, that's how come these 10,000, 8,888, 5,000, 250 closely related NFTs get created.


### Why it's used?
1. It’s easier (honestly you can just go on youtube and search "Generative Art")
2. The NFTs appear visually appealing void of mistakes.
3. It's accurate
4. It's cheaper (cause it makes more sense to hire one digital artist to create a couple of digital characters and then randomize their variations to generate 1,000 unique NFTs THAN hiring 100 artists to create 10 artwork each).


### When it's used
It's used when an NFT collection has a central theme based on fiction, subject to the imagination of the artists or its community. For example, did you ever think Apes could get bored? Or aliens could be lonely? Or Apes could be mutants ....lol...


**NOW LET'S EXPLAIN NON-GENERATIVE NFT COLLECTIONS**


## WHAT IS NON-GENERATIVE NFT COLLECTION?
Non-Generative NFT Collection is the creation of an NFT collection with manual applications of maths, logic, randomization to digitally created items but...... without code - Ouch!

## The Non-Generative Method
Unlike the automated process of creating generative NFTs, the Non-Generative process is manual and it is used for NFTs that mirror a real-life representation of sensitive sentimental values, like cultural representation. Cultural tribes are the easiest example I can give because we did it first with [Beningin Collectibles.](https://beningin.qlipit.io/rarity-logic)

Every tribe is distinct, even if they might have similar rites and traditions, but you'd agree that no 2 tribes in this world are exactly alike in appearance, rites traditions, etc.

Now imagine *(the imaginoooooor..lol..)* that you wanted to create a collection representing 50 different tribes of Africa, It would be remiss to use a generative NFT style of creating one defined structure and then randomizing the traditional accessories of different tribes for one character and calling that character the name of an actual tribe.

It would quite frankly be an insult to the tribe.

### For example
Imagine that in the process of randomizing with code, the computer gives a character you tag the "Igbo Man" in Nigeria the "Kente cloth" of "Ewe" tribe from Togo or Ghana, that'd be totally remiss.

If the collection was about only the Igbo tribe or Ewe tribe, then some randomization by the computer can be applied but not with a collection with distinct characters representing real-life elements and not based on fiction.


## How is Non-Generative art collection created?
1. Determine the real-life representation; for the Beningin Collectibles, we're basing it on actual tribes in Africa.
2. Set a preservation method, research process, and defined references for the characters; [reference](https://qlipit-io.medium.com/africas-biggest-collectible-project-the-beningin-collections-63ab377eaba8#:~:text=Country-,Collection%20Origin,-The%20BENINGIN%20collection)
3. Set the variations and rarity logic; [reference](https://beningin.qlipit.io/rarity-logic#:~:text=X%20%2D%20CHECHEWA%20TRIBE-,Rarity%20Maths%20Logic,-Supply%20per%20Character)
4. Hire artists to create the Primary Characters according to the references.
5. After the primary characters are created now create their variations according to the rarity logic and maths.
6. Finally, mint them according to rarity levels.

## IT'S TEDIOUS BUT WORTH IT
It's more tedious, expensive, and time-consuming especially if you're on a low budget. It's worth it when you understand the value of the real-life representation the Non-Generative NFTs are based on.

Get ready for [THE BENINGIN COLLECTION ](https://www.youtube.com/watch?v=0xFMardxSSc)- a non-generative collection on African Tribes with a [P2E Game.](https://qlipit-io.medium.com/the-beninigin-series-qlips-first-p2e-nft-game-ea4fa2497643)

WHAT IS NON-GENERATIVE NFT COLLECTION

What are NFTs?

# Beginner’s Guide to NFT 
As a traditional Artist or digital artist who gets commissioned to create paintings and images you might have been considering other means of selling your skill and might have heard of the Jpeg craze called NFT, you might be wondering what an NFT is and how you can try it out.
Here is a step-by-step guide on how to begin creating your art as NFT, how to navigate through different wallets, blockchains, and marketplaces to find the right suit for your art and followers.

## What are NFTs?
NFTs stand for non-Fungible tokens These are rare unique digital assets connected to a digital irrevocable certificate (Token) stored on the blockchain simply put NFTs = Digital assets comprising images, sounds, text, animations, photographs, and more + a Token stored on a blockchain.
To explain its important to understand what fungibility is, fungibility refers to the property of an asset whose individual units are interchangeable and essentially indistinguishable from each other E.g Cryptocurrencies (BTC, ETH, SOL) and Fiat Currency (USD, Yuan, Naira, Yen). non-fungible assets include items like collectibles (indomitable stickers), houses, vehicles, and the likes.
Now you’ve got an understanding of what NFTS is and you are eager to get started, 



## Select a Blockchain
Numerous blockchains enable the process of minting an NFT with the most used being the Ethereum Blockchain, selecting a blockchain comes with considering the process of minting on such blockchain, the cost of minting, and the accessibility of NFTs to collectors and enthusiasts.

## Selecting a Marketplace
On each Blockchain, NFT marketplaces are available or have been built to enable its users to mint their NFTs on such blockchains without having a programmer’s knowledge.
Here is a list of marketplaces across the different blockchains listed.

#### Ethereum 
Opensea.io, Rarible.com, Foundation.app, Superrare.com, Makersplace.com, Knownorigin.io, NFTrade.com, Niftygateway.com Portion.io, Cargo.build, Mintable.app.

#### Solana
Solsea.io, Solanart.io, Digitaleyes.market, Magiceden.io, Metaplex.com, Solible.com, Corestarter.com.

#### Binance Smart Chain
Bakeryswap.com, Airnfts.com, Refinable.com, Babylon.io, Featured.market, Twinci.io, NFTrade.com

#### Tezos
Kalamint.io Hicetnunc.xyz, Bazaarnft.xyz, Byteblock.art, Objkt.com, Oneof.com.

#### Polygon
Opensea.io. NFTrade.com, Market.playdapp.com, Lootex.io, App.Zesty. market, NFT-studio.com. NFTyard.io. Venly.io

#### Near
Paras.id, Mintbase.io

#### Hive
NFTShowroom.com, Nftm.art, 

#### Tron
Nftone.net, Uswap.me, Define.one.

#### EOS
Eos.atomicmarket.io, Voice.com.

#### Wax
Neftyblocks.com, Wax.atomicmarket.io, Wax.simplemarket.io.

#### Waves
Sign-art.app.

#### Algorand
Og2d.com, Dartroom.xyz

#### Fantom
Artion.io, Paintswap.finance

#### Luna
Randomearth.io

#### Phantasma
Ghostmarket.io

#### Avalanche
NFTrade.com, Snowflake.market.

## Web3 Wallet 
Upon Choosing an NFT marketplace to mint your NFT you need a web3 wallet that would enable you to connect to this platform in order to mint your NFT. 
Here is a list of Web3 wallets
Metamask, Trustwallet, Wax Cloud Wallet, Safepal, Phantom Extension, Sollet extension wallet.near.org, Tokenpocket, Poltergeist, Terra station Extension, Hive Keychain, Algorand Wallet, Waves keeper Extension.

## Funding your Wallet 
To mint NFTs your digital asset needs to be connected to a token that’s stored on the blockchain, to perform the process of minting certain fees are paid to the miners or validators on such blockchain to prevent spam transactions, so it's imperative you have a minimum amount of the coin for the blockchain you are minting your NFTs on.


## Setting Up 
Once done with the previous steps, you need to connect your wallet to the marketplace and set up your profile and collections on the marketplace of your choice in order to help collectors easily find your work to purchase, for most platforms you might be required to sign a transaction to confirm setting up your profile, this transaction might require paying a fee or not.

## Minting 
After completing the aforementioned steps now you’ve gotten your asset ready, you’ve got your description ready, then you connect your wallet to the marketplace and navigate to the section where you initiate minting the NFT, there you fill in the title, description, and any other metadata of your choice to the NFT, you determine the total supply of the NFT, and the collection you want to mint your NFTs into after which you choose if you want to put the NFT for sale once minted or not, under the aspect of listing you determine if you want a fixed price listing or an auction listing. After completing this you initiate the minting transaction and wait for the transaction to be completed on the blockchain, once it’s done, you’d see the NFT in your wallet and underneath your profile.

## Important things to note
- Do not overprice your NFTs, to determine the best price to list your NFTs at, consider the time spent, materials used in creating, and the best compensation for both, whilst also considering it to be your first work and a starting point to grow from, just price moderately to reflect your work.
- Ensure you do not inflate the total supply of your NFTs, NFTs are designed to be scare and rare assets and as such are meant to be of low supply, ensure you maintain a balance with the quality of the art and the total amount created, have a fixed but steadily growing price to reflect your growth and development.
- Understand that this is a new industry to take time to study, learn and interact with other artists there is no overnight success, don’t expect to sell all your artworks immediately or in a short time period.
- Finally, have fun, make friends, join NFT communities across platforms like Twitter, Discord, Telegram, Clubhouse, Reddit, Instagram, Facebook, and the likes, 





BEGINNERS GUIDE TO CREATING NFTS

How to NFT

## A MATCH MADE IN HEAVEN?
While video game stocks may be incredibly popular among traders these days, those looking for
the profitable cutting-edge of video game culture may want to hone their attention on blockchain
gaming technology. Not only do blockchain-based cryptocurrencies offer great opportunities for
virtual economies to become more watertight, but blockchains have helped to birth the NFT.
These non-fungible tokens have found many uses within the video game industry from
immortalizing sought-after in-game items to creating entirely new opportunities for games that can
become incredibly profitable for their players.

## BLOCKCHAIN IN GAMES (USE CASE)
Unless you’ve been living under a rock, chances are you’ve come across the term Blockchain
before. The most well-known financial Blockchain is Bitcoin, a cryptocurrency.
While blockchains can be both private (viewable only by their owners) and public (viewable by
everyone), with gaming blockchains existing on both ends of the spectrum, they share the same
DNA. 
### .
The fundamentals of blockchains create a ledger that records every transaction on
the network in a watertight, un-editable format. Essentially creating a black-and-white record of
every transaction (or event) which occurred on the blockchain.
The block in blockchain refers to an individual snapshot of this ledger that is added. From an
individual block, more information is added through cryptography, meaning that once a block has
been made it can never be edited—even if someone would want to do so.
For the financial world, blockchains offer opportunities for finance to become decentralized,
absolving the reliance on banks to keep tabs on transactions, while also laying bare all records
which may help to circumvent money laundering.
In video games, blockchains see a very similar use case. Yet it is NFTs that truly shine in the world
of video game blockchains.
## WHAT’S A GAMING NFT?
Like financial transactions or other data, an NFT is a piece of data stored on a blockchain. The key
difference is that unlike a bitcoin—which is identical to all other bitcoins in terms of value—an
NFT is wholly unique. In-game, this means that an NFT could be a unique in-game item or one of
a select number.
While games have dabbled in creating unique items for years, the blockchain structure adds
newfound levels of security to the process. Ensuring that the items’ transactions are clearly
recorded and can never go astray.
Further still as many of these gaming NFTs are minted on existing blockchains (Ethereum), players
are technically able to remove gaming NFTs from the context of the game. Keeping hold of
valuable items even if a game were to close its servers.
## BLOCKCHAIN GAMING AND NFT-BASED GAMES
With this new technology, a whole new genre of games has come to the fore. Those are NFT
games. While not unified by gameplay, each of these games uses NFTs as a central part of their
systems, often even allowing these NFTs to gain large amounts of real-world value.
Games like Axie Infinity, Sorare, or the godfather of the genre CryptoKitties place NFTs at their
core, seeing players collect, trade, and even create unique NFTs which can even be one of a kind. 
This imbues each of the NFTs with great value, both within and outside of the ecosystem of the
game.
### .
For example, CryptoKitties sees players breed unique cat-like characters to create new ones who
inherit the traits of their parent kitties. While this style of breeder game is nothing new, tying the
cute kittens to NFTs secures the value, importance, and transaction history of each cat—ensuring
that no player could ever find a way to multiply or nefariously take control of a particular kitty.
Games like Axie Infinity step up this formula by offering more engaged combat-heavy gameplay
to the delight of many players.
Many of these NFT-based games also find themselves working directly with cryptocurrencies like
Ethereum (ETH), due to their frameworks being built directly onto the Ethereum network, and
thus their NFTs being minted on the network.
But further afield from NFT games themselves, NFTs offer the opportunity for developers to mint
in-game items, imbuing them with secure, long-term value. For example, imagine your rarest items
or armor sets were minted as NFTs, allowing you to legitimately own them. But it goes even further
than that.
## A NEW AVENUE FOR MERCHANDISE
Beyond games, NFTs have made waves in the world of art and merchandise. From NBA top shots
to the mouth-watering sales from artists like Beeple, NFTs have displayed great potential for
merchandising. Presenting a new opportunity for game makers to create gaming NFT-based
merch.
.
Combining this idea with some of the ones we covered earlier, we may see gaming companies end
up producing multi-form NFTs which, for example, could be used in-game, displayed in the real
world, or even taken from one gaming ecosystem into another. Just imagine owning the rarest item
in a given game and being able to display it in multiple different realities. Now the value of gaming
NFTs come into full focus.

### Further More
Gaming and technology are intrinsically linked, meaning that innovation often spills over the
boundaries of one into the other. NFTs are a prime example of this. But with this type of
tokenization still in its infancy, it’s clear that we have a lot to look forward to as NFTs and gaming
become even more intertwined.

## CONCLUSION
As blockchain technology facilitates ownership and authentication, more and more items are being
digitized. Here we can talk about non-fungible tokens or NFT. This uses standards to establish the
uniqueness of a token. It is possible to trace the timestamp at which an NFT was created as well
as its creator, thanks to the transparency of the blockchain. Therefore, they preserve the uniqueness
and ownership of digital assets, which is why many collectors and artists are increasingly using
NFTs.

Creating the NFT version of digital content has its advantages, as it gives you more control over
your intellectual property and offers you access to a worldwide network of art collectors. It is a
much-needed gateway to a marketplace to own, sell and buy unique digital assets.



## [Click here to enter QLIP Mint Store and start minting your NFTs!](https://app.qlipit.io/)

NFTS & VIDEO GAMES

Application of NFTs

## INTRODUCTION
NFTs are welcomed as the digital solution to collectibles, similar to how Bitcoin was
heralded as the digital answer to currency, but many skeptics believe they are bubble
ready to explode.
Let’s see what is non-fungible token (NFT) is and what problem it is capable of solving
with digital art for once and all.

### About NFTs
A digital asset that reflects real-world elements like art, music, in-game goods, and
movies is known as an NFT. They are bought and traded online, often using
cryptocurrency, and they are usually encoded with the same software as many other
cryptos.

Even though they have been available since 2014, NFTs are rising in popularity as a
more popular means to buy and sell digital art. Since November 2017, a whopping
amount of $174million has been spent on NFTs.

NFTs are likewise one-of-a-kind, or at the very least one of a very small run, and contain
unique identification codes.

*“Essentially, NFTs generate digital scarcity"* explained by
**Technology Industry Association Cascadia Blockchain Council.**

This is in sharp contrast to the vast majority of digital works, which are virtually always available in
unlimited quantities. If a particular asset is in demand, cutting down the supply should
theoretically increase its value. However, many NFTs have been digital works that
already exist in some form elsewhere, such as classic video clips from NBA games or
securitized copies of digital art that are already floating around on Instagram, at least in
these early days.

For example, prominent digital artist Mike Winklemann, better known as "Beeple,"
created "EVERYDAYS: The First 5000 Days," probably the most famous NFT of the
time, which sold at Christie's for a record-breaking $69.3million.
### .
Individual images—or perhaps the complete collage of images—can be seen for free
on the internet. So, why are individuals ready to spend millions of dollars on something
that might be simply screen-shotted or downloaded?

Because a non-financial transaction permits the buyer to keep the original object. It also
comes with built-in authentication, which acts as evidence of ownership. Those "digital
bragging rights" are almost as valuable as the object itself to collectors.

NFTs may be purchased on a variety of sites, depending on what you're looking for (for
example, if you're looking for baseball cards, you should go to a site like digital trading
cards, while other markets sell more generalized items). You'll need a wallet that's
unique to the site you're buying on, as well as bitcoin to put in it.

## History
The first time NFT was used was in 2014, when Anil Dash, a software entrepreneur,
and Kevin McCoy, a digital artist, created Quantum, a color-changing pixelated
octagon. The first fully-fledged NFT project was created and presented at DEVCON 1
just three months after the Ethereum blockchain was founded.

Several NFT initiatives arose as the Ethereum blockchain gained traction over
traditional token systems based on bitcoin. Despite the importance of initiatives like
Cryptopunks, Colored Coins, and Rare Pepes in the development of NFT, it was the
introduction of CryptoKitties in October 2017 that propelled the technology into the
public. Some of these blockchain-based digital cats were sold for more than $100,000,
causing the NFT ecosystem to explode.

## Features of NFT
###  Unique
Each NFT has a distinct attribute, which is often recorded in the token
information. NFTs have distinct personalities, and no two NFTs are alike. An
original image.jpg file, on the other hand, is identical to its duplicate, a.jpg file.

###  Digitally Scarce resource
The blockchain network is where NFT is kept. As
a result, the certificate of ownership is available on different networks, allowing
the owner of a digital item to be proven.

###  Indivisible
You can't break most NFTs into smaller denominations, and you
can't buy or transfer a portion of them.

###  Ownership
The ownership of the asset transmitted is guaranteed by these
tokens.

###  Fraud proof
They are easily transferred and unaffected by fraud.

## How NFTs Work
Many NFTs are generated and stored on the Ethereum network, but they are also
supported by other blockchains (such as Flow and Tezos). Because everyone can look
at the blockchain, the ownership of the NFT can be easily confirmed and traceable, yet
the person or company who holds the token can remain anonymous.

Artwork, gaming objects, and stills or videos from a live broadcast are all examples of
digital commodities that may be *"tokenized".*

The file size of the digital object doesn't matter because it stays distinct from the
blockchain while the NFT that transmits ownership is added to the blockchain.
NFTs are separate tokens that are part of the Ethereum blockchain and include
additional information.
### .
The essential element is the additional information, which
allows them to be represented as art, music, video (and so on), in the form of JPGs,
MP3s, movies, GIFs, and other formats. They may be purchased and sold like other
forms of art because they have value – and, like real art, their worth is primarily
determined by market and demand.

That isn't to imply that there is just one digital version of an NFT work accessible for
purchase on the market. Copies of an NFT are still legitimate portions of the
Blockchain, just like art prints of an original is created, used, bought, and sold - but
they will not have the same value as the original. The copyright or license rights may
or may not come with the purchase, depending on the NFT, however, this is not always
the case.

Purchasing a limited-edition print does not imply that you have exclusive
rights to the image.

NFTs have a wide range of uses aside from the art world.

A school, for example, may give an NFT to students who have completed a degree,
allowing employers to quickly validate an applicant's education. Alternatively, a venue
may utilize NFTs to sell and track event tickets, possibly reducing resale fraud.

## Benefits of NFTs
Some of the advantages of NFTs that are often stated include:

### Ownership
The primary benefit of non-fungible tokens is the ability to prove ownership. NFTs can
assist in linking ownership to a single account because they are on a blockchain
network. Most importantly, NFTs are non-distributable and cannot be shared among
numerous owners. At the same time, the ownership benefits of NFTs protect consumers
against the risk of receiving counterfeit NFTs.

NFT detractors have publicly said that individuals could just photograph NFTs and sell
or give them away for free. You can, however, have a picture of the NFT. However,
you must determine if you own the asset. Downloading a photograph of the Mona Lisa
on the internet, for example, does not make you the proprietor of that image.

### Authenticity
The benefits of non-fungible tokens are primarily dependent on their uniqueness. NFTs
are produced on the blockchain, meaning that they are linked to unique data. NFTs'
distinct characteristics demonstrate their potential for adding value. At the same time,
NFT producers have the option of releasing a limited quantity of NFTs to create supply
scarcity.

In the case of some NFTs, authors have the option of making numerous duplicates,
similar to how tickets are made. The immutability of the blockchain on which NFTs are
kept, on the other hand, ensures their legitimacy.
Immutability assures that blockchain-based NFTs remain unaffected by changes,
removal, or replacement. As a result, NFTs may readily promote their authenticity as
the most desirable attribute.

### Transferability
In-game goods are available in many games, and players may purchase them to
enhance their gaming experience. The in-game assets, on the other hand, are limited
to the game's setting, and players cannot use them elsewhere. Furthermore, if the
game falls out of style, gamers may lose their investment in in-game souvenirs or
goods.

In the case of NFTs, game creators might create NFTs for in-game objects that players
could keep in their digital wallets. Players may then use the in-game things outside of
the game or even sell them to get money.

Because NFTs are built on smart contracts, including the usage of smart contracts
makes ownership transfers simple.

Smart contracts specify precise criteria between the buyer and seller that must be met before finalized ownership transfers.

## Conclusion
Non-fungible tokens are unquestionably one of the most important developments in
internet commerce. Furthermore, their benefits have become attractive selling factors
for a variety of consumers. While the benefits of non-fungible tokens point to a bright
future for them, it's vital to be aware of their limits.
The lack of rules and standardized, universal infrastructure for NFTs, for example,
presents several barriers to their implementation.

WHAT IS A NON-FUNGIBLE TOKEN? - BY OPEYEMI

[Mazzaroth has said some things about flipping NFTs](https://academy.qlipit.io/articles/how-to-flip-nf-ts) but you should also understand that making profits, or *'Flipping'* NFTS is synonymous with crypto trading, you have to get your game right! If not, you will end up buying fake and useless NFTs.

Just like you identify new crypto assets and buy them early and in a few weeks or months, they increase in value- the same happens with NFTs.

## **Things you should know**
Here are some things you must get and know before starting your journey to flipping NFTs

## 1 - CAPITAL
Have enough or a considerable amount of money, at least $200-$500 (and by 'money' I mean crypto), cryptos like**  

1. Ethereum
2. Solana
3. Matic
4. Bnb
5. Algorand
6. Near
7. Wax
8. Cardano
9. Tezos etc.

Each crypto is used on its various Blockchain platform, for example, You use BNB to buy NFTs on QLIP because QLIP is built on Binance Smart Chain, likewise, you use Algos to buy NFTs on marketplaces built 


## 2 - STORAGE AND SAFEKEEPING 

**Get good WALLETS to save you NFTS, examples are**  

1. [Metamask](https://metamask.io/)
2. [Trust wallet](https://trustwallet.com/)
3. [Enjinwallet](https://enjin.io/products/wallet)
4. [Safepal ](https://safepal.io/)
5. [Tokenpocket](tokenpocket.pro/en?utm_source=DappRadar)
6. [https://wallet.myalgo.com/](https://wallet.myalgo.com/) for Algorand blockchain
7. [Phantom wallet extension](https://phantom.app/), [solflare](https://solflare.com/) or [sollet.io](https://www.sollet.io/) for solana based 
8. You’ll need [Kiwi browser ](https://kiwibrowser.com/)to use desktop extensions on mobile with ease
9. [https://wallet.near.org/](https://wallet.near.org/) for Near blockchain


   * All are mobile-friendly.*


## 3 - KNOW YOUR MARKETPLACES

There are centralized and decentralized marketplaces, the centralized ones aren't open to anyone to mint and buy an NFT, while the decentralized ones are open to all. And then there are hybrid ones, which are open to everyone but also have an onboarding process for artists.

QLIP is a hybrid Market place, such that even though anyone can mint, there are certain artists that have verified accounts and you can be sure whatever you're buying from them is their original creation.

**Here is a list of Marketplaces, can you identify the different types?**

1. [QLIP marketplace (Cross-chain NFT marketplace, currently on BSC)](https://app.qlipit.io/)
2. Opensea.io (ETH, USDC, MATIC)
3. Binance Marketplace (BNB.BUSD)
4. Paras.id (NEAR)
5. Niftygateway.com
6. Airnfts.com
7. Sorare.com
8. Rarible.com
9. Bakeryswap NFT (Bake)
10. Mintable.app
11. Solanart.io (Solana)
12. Digitaleyes.market (Solana)
13. Solsea.io (Solana)
14. Randgallery (Algorand)

 

## 4 - OBSERVE THE HYPE

**Get closer to powerful influencers, influencers on Twitter like;**  

1. [cryptokarla](https://twitter.com/CryptoKarla)
2. [Naphtali1](https://twitter.com/Naphthali1)
3. Garyvee
4. APompliano
5. Osinachiart
6. Cryptocobain
7. Walshwealthwwg
8. Keyboardmonkey3
9. Pranksy
10. Cagyjan1
11. Whale_alert
12. Seedphrase
13. Tropofarmer
14. Hunterorrell

 
**Follow various NFT projects like**  
1. [Qlip_it](https://twitter.com/Qlip_it)
2. Axieinfinity
3. TheSandboxGame
4. Decentraland
5. Cryptokitties
6. Nonfungibles
7. Dapperlabs
8. Cryptopunksbot
9. Larvalabs
10. BoredApeYC
11. F1DeltaTime
12. SorareHQ
13. NFTDaily
14. Coingecko
15. Coinmarketcap
16. Falcon_sbs
17. NFT_Protocol
18. Raritytools
19. On Instagram follow **NFT**  
 

## 5 - JOIN A COMMUNITY
Belong to or make sure to join various update groups on WhatsApp, Twitter, Instagram, Discord, and telegram to get real-time information.

[Proper positioning is key, join the NFT Unreal Community on discord here.](https://discord.gg/bJB5jBqn5n)

Visit www.rarity.tools to check up on existing or upcoming projects.
Opensea is the number one and most widely used marketplace. Parameters to look out for after logging (STATS>RANKINGS), also check under activities.


1. 24 hrs trading volume
2. 7-day change
3. Total volume traded
4. Average price
5. Owners
6. Floor price
7. Assets
8. Look out for cheap underrated NFTs
9. The idea is to buy the hype, make sure to buy what’s gaining traction so you can make a fast profit.
10. Position yourself early
11. Remember to **BUY LOW SELL HIGH**
12. To help determine your** **selling price check out what others within the same collection are selling one way is to check the floor price. 


## 6 -START BUYING NFTS
  
You can buy collectibles which are NFTs too, collectibles such as;

- The [GIN collectibles on QLIP](https://qlipit-io.medium.com/the-beninigin-series-qlips-first-p2e-nft-game-ea4fa2497643)
- And the rest 

**You can also invest in Virtual Lands and games. Games such as**  
1. [The Beningin Series game on QLIP (BSC)](https://qlipit-io.medium.com/the-beninigin-series-qlips-first-p2e-nft-game-ea4fa2497643)
2. Mana Decentraland
3. Axie Infinity
4. Sandbox
5. Alice my Neighbour
6. Cryptoblades
7. Cryptovoxels
8. Cryptokitties
9. Faraland

  

## 7. STAYING RELEVANT IN THE NFT SPACE

You can’t have it all, know this and you will make good progress. Check the niche you can fit in best and settle for it. For example, you can perform these activities;


1. Creating a masterclass on NFTs
2. Creating an NFT platform for a niche like QLIP is focused on Africa.
3. Become a trusted NFT broker or escrow
4. Write NFT-Themed article/ blog, have Youtube, Tiktok, Instagram channels.
5. Write a book on NFT
6. Become an NFT Artist. Create and sell Artworks.
7. Launch an app for buying and selling, trading, and minting NFTs where you get commissions and trading fees.  

## Popular NFTs includes  
1. [Gin Collectibles](https://qlipit-io.medium.com/the-beninigin-series-qlips-first-p2e-nft-game-ea4fa2497643)
2. Crypto Punks
3. Art Blocks Curated
4. Bold Badgers
5. Sol Punks
6. Ape Social Club
7. Kaiju Cards
8. Wicked Ape Bored Club
9. World of Women
10. Pudgy Penguins
11. Solana Monkey Business
12. Aurory


### Finding NFTs with Ethereum
Visit [www.rarity.tools](www.rarity.tools)
There, you get to see information like the name of the project, influencer backing it, the NFT, discord server, Twitter handle, website, price, the amount that would be traded.

### Finding NFTs with Solana
Visit [www.howrare.is](www.howrare.is) where you can get upcoming drops.  

Try to participate in giveaways, quizzes, airdrops as this widens your horizon.

**CONCLUSION**

*We know this is a lot to take in, well that’s why we have a community,[ join our TG group](https://t.me/qlipit) where you can ask questions and get answers and even collaborations.*

## [Click here to enter QLIP Marketplace and start flipping NFTs!](https://app.qlipit.io/)

HOW TO FLIP NFTS by SUCRE

I have picked a simple example contract which can be found on the OpenZeppelin website [(here) ](https://docs.openzeppelin.com/contracts/4.x/erc721 ) 

and modified it a little bit for everyone to understand better.

## .
ERC721 is the standard used for representing the ownership of Non-Fungible Tokens, where each of these is unique in nature. There are a number of functionalities offered by this standard and hence, it is split into multiple tokens.

[Here](https://docs.openzeppelin.com/contracts/4.x/api/token/erc721#IERC721Receiver-onERC721Received-address-address-uint256-bytes-) is more information about the ERC721 related contracts and their associated functions.
In order to simplify all the complexities mentioned in the above functions, let me simplify the process of creating and deploying NFTs for sale. The following steps give you a brief yet clear idea of how NFTs are created and put up for sale:

## .
**Step 1:** The NFT creator/owner needs to deploy an ERC721 or any other NFT standard contract on the blockchain of their choice(Ethereum/Harmony etc.) by providing a "name" and "symbol" for their NFT. This contract is not a piece of art/collectible in itself. It is more of a first step to ensure that the ownership of the art/collectibles can be recorded and verified on the blockchain.

## .
**Step 2:** The next step is to "mint" the piece of art/collectible. They are minted in the form of tokens using the mint() function present in the ERC721 contract. These minted tokens now become associated with the NFT contract that you deployed in step1.

## .
**Step 3:** Once the art/collectibles have been minted, they can be put up for sale by writing your own sale contract or using platforms that have already built the underlying infrastructure.

The nature and usage of the NFT items depend on how you have coded the contracts. From the ERC721 solidity contract, many functions can be overridden and changed according to your logic/preference in your smart contract.
Here is a simple contract where we mint some tokens in a game and give it to a player in the form of an award:

## .
**Step 1:** Import the required contracts in your code. Here, we import the parent ERC721 contract.
 
```// contracts/GameItem.sol
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import 'https://github.com/OpenZeppelin/openzeppelin-contracts/blob/master/contracts/token/ERC721/ERC721.sol';
import 'https://github.com/OpenZeppelin/openzeppelin-contracts/blob/master/contracts/access/Ownable.sol';
 ```

## .
**Step 2:** You can see the Solidity smart contract in this section, which has 3 functions: `tokenURI()` , `_baseURI()` and `awardItem()`. We will explore the functions in-depth here:

 
```
contract GameItem is ERC721 {
    uint counter;
    mapping(uint => string) _tokenURIs;
    constructor() ERC721("GameItem", "ITM") { counter = 0; }

    function tokenURI(uint256 tokenId) public view virtual override returns (string memory) {
        require(_exists(tokenId), "ERC721Metadata: URI query for nonexistent token");
        return _tokenURIs[tokenId];
    }


    /**
     * @dev Base URI for computing {tokenURI}. Empty by default, can be overriden
     * in child contracts.
     */
    function _baseURI() internal view virtual override returns (string memory) {
        return "https://somekindofs3link";
    }

    function awardItem(address player, string memory _tokenURI)
        public
        returns (uint256)
    {
        counter = counter+1;

        uint256 newItemId = counter;
        _mint(player, newItemId);
        _tokenURIs[newItemId] = string(abi.encodePacked(_baseURI(), _tokenURI));
        return newItemId;
    }
}

``` 
**The name of the contract: GameItem**

***function _baseURI():*** This is a function that has been overridden from the ERC721 contract to set the base URI of the location of your token.

***function tokenURI():*** This function(again overridden from the ERC721) is used to return the URI of your token. We will be setting the URI in our awardItem function.

***function awardItem():*** This function takes in the address of the player to be rewarded with the collectible as well as details about the collectible. This function returns the tokenId once created.

***The _mint function*** is used to create a new token(newItemId) and award it to the address mentioned(player).

## .
You can copy-paste the above code and run it on the [Remixeditor](https://remix.ethereum.org/#optimize=false&version=soljson-v0.8.2+commit.661d1103.js&runs=200&evmVersion=null), just to see it for yourself :).

If you want to follow my NFT code experiments, you can check out this [repo.](https://github.com/gyan0890/NFTPractice/tree/main/contracts)

## [Click here to enter QLIP Mint Store and start minting your NFTs!](https://app.qlipit.io/)


A SAMPLE CONTRACT TO EXPLAIN THE NFT CREATION PROCESS

The Tech Behind NFTs

*In this section, Latsan explains what NFTs are from his perspective as an artist. He goes further into the history of NFTs, giving us an insight into how it all started.*


### INTRODUCTION
NFTs represents a unique item as opposed to fungible tokens like Bitcoin and Ethereum, which are mutually interchangeable. NFTs issued on the Ethereum Network as ERC 721 tokens are used to create verifiable digital ownership and scarcity.

Each NFT represents a one-of-a-kind item or a unique number of limited editions of an individual item. NFTs can establish scarcity for collectibles of almost any kind, including digital artwork, music, poetry, video, a book, or even a Tweet.

```The digital tokens can be thought of as certificates of ownership for virtual or physical assets. ```


## .
NFTs can give a person proof of ownership i.e they can monetize the right to own it however, since the internet is so porous, owning an NFT doesn’t necessarily mean the person has exclusive rights because anything digital can be duplicated endlessly, but NFT of the same physical features e.g the same appearance might vary widely from price i.e $100 to $20,000 and they are of the same type but they are of different rarity, the rarity scores are different, the rarity of an asset is the rarity of its rarest properties.

If two assets share the same rarest property, then we compare their second-rarest property. The same goes for 3rd, 4, etc.

If you traded it for a different card, you’d have something completely different. NFTs can really be anything digital (such as drawings, music, or even your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art. 

With money, you can swap a $20 note for two $10 notes and it will have the same value. However, if something is non-fungible, it is impossible to interchange them, even if you were using the barter system, these assets have unique properties so they cannot be interchanged with something else It could be a house or a painting or an artist.

## .
NFTs are "one-of-a-kind" assets in the digital world that can be bought or sold like any other piece of property, but they have no tangible form.

A real-life asset is valued based on its worth in the market. The price of land for instance will be determined by the location, size, and other factors. When it comes to NFTs, the value just like art is subject to the creator and the buyer. A musical artist can tokenize his album into NFTs. The fans would buy regardless of the price attached. If such an artist goes mainstream and the album becomes a success, the tokenized album will increase in price.

## **HISTORY OF NFTs**

It all started with colored coins. The first decentralized cryptocurrency was BTC, but it was a fungible one. People then began to find ways in which they could transfer assets. The first attempt was with colored coins in 2012. Colored Coins are made of small denominations of a bitcoin and can be as small as a single satoshi, the smallest unit of a bitcoin. Colored Coins can be used to represent a multitude of assets and have multiple use cases, including the following: 

1. Property
2. Coupons
3. Ability to issue your own cryptocurrency
4. Issue shares of a company
5. Subscriptions 
6. Access tokens
7. Digital collectibles

Colored coins brought about a huge leap for Bitcoin’s capabilities. Their downside though was that they could only represent certain values if everyone agreed on their worth. For instance, if 20 people agreed that 5,000 colored coins represented 5,000 coupons, and one person decides it no longer equates, the whole system falls apart. Colored Coins’ flaws are apparent; the system worked best in a "permissioned" environment which means in some instances, it’s better to simply use a database.

Nonetheless, Colored Coins opened the door to Blockchain Enthusiasts to further experiment with NFTs and this laid much of the groundwork for NFTs. The immense potential of putting real-world assets onto distributed ledgers was clear, but implementation required a more malleable blockchain.
## .
In 2014, Robert Dermody, Adam Krellenstein, and Evan Wagner founded Counterparty, a peer-to-peer financial platform. An open-source Internet protocol built on top of the Bitcoin blockchain counterparty that allowed asset creation. It also had a decentralized exchange and a crypto token with the ticker XCP. It had numerous projects and assets, including a trading card game and meme trading. 

NFT Collectibles, the foremost example of NFTs emerged with the development of Cryptokitties, which are online collectibles. Cryptokitties were the first set of NFTs on the Ethereum chain.

Interestingly, Cryptokitties became so popular in 2017 that they congested the Ethereum network. They are basically digital kittens with distinct traits that make them popular and favorable than others. Cryptokitties are one of the striking additions to the non-fungible tokens list in the category of digital collectibles.

And from there we had Crypto Punks and other NFTs.


## Features of NFTs

The value of NFTs comes from their scarcity. NFT developers can create an unlimited volume of non-fungible tokens; they often modify the tokens to increase interest.

Indivisible: Most NFTs are indivisible into smaller units. You buy the complete cost of a digital item or buy no item.

Uniqueness: NFTs have a strong information tab that explains their uniqueness, this is what most of us know as the MetaData.

Authenticity: This refers to the important addition among NFT characteristics that ensure how unique the NFTs are. NFTs provide representation for real-world assets, and it is important to have authentic NFTs.

Digital Wallet: As you know, NFTs are created and associated with specific blockchain accounts. You have NFTs basically on blockchain networks, and it is important to note the value of transparency in NFT features. Public distributed ledgers or blockchain technologies are immutable and decentralized in nature

Rarity: The final and most crucial feature mentioned of non-fungible tokens is the scarcity or rarity of NFTs. Rarity is actually one of the basic tenets driving the value of NFTs. Therefore, NFT creators could develop many NFTs, albeit with a certain limit to ensure scarcity.


## Types of NFTs

The ERC 721 & ERC 1155 are the two popular types of NFTs standards. 

The ERC-721 was created by William Entriken, Dieter Shirley, Jacob Evans, and Natassia Sachs in 2018.

The ERC-721 NFTs standard implements an API for tokens within smart contracts. It is written in solidity language on the Ethereum blockchain and it allows developers to tokenize the ownership of any arbitrary data. The standard aim is to create interchangeable tokens.

The OPEN ZEPPELIN is an example of an ERC-721 contact that allows developers to track items in their game. The ERC721 introduces a standard for NFTs. This type of token is unique and can have a completely different value to another token from the same smart contract due to its age, rarity, etc. 

It allows
- Transferring tokens from one account to another.
- Getting the current token balance of an account.
- Reaching the owner of a specific token.
- Confirming the total supply of tokens available on the network.
- Approving the number of tokens that can be moved from an account to a third-party account.

Like the standard ERC-721, ERC-1155 is a basic formulation designed to create useful tokens that make life easier for developers, while offering them a powerful and dynamic tool to work with.

The ERC-1155 token is a type of standard token that has the ability to store tokens that can act as if they were ERC-20 or ERC-721 or as both at the same time using the same address, under its control.

The ERC-1155 token can perform the same functions as an ERC-20 and ERC-721 tokens, and even both at the same time, thereby improving the functionality of both standards, making it more efficient, and correcting obvious implementation errors on the ERC-20 and ERC-721 standards.


## WHAT IS GENERATIVE ART?

**NFT CODE GENERATIVE ART** 

A Code Art is any art that is created with code. There are numerous examples on CodePen. Generative art draws inspiration from modern art especially pop art, which uses orderly geometric patterns. It is a very broad and rich category of art created with code using a central characteristic. Generative art incorporates a self-governed or autonomous system in some way. When incorporated into a piece of code art, you get a unique piece of art each time you run your scripts, load a page, or respond to user interaction. There are also more orderly autonomous systems.

An example is Mandelbrot’s Fractal, which was derived from a seemingly simple equation. With an autonomous system, the artist gives up control over, and the computer is doing it for them. A more nuanced perspective emerges when a new creative process is considered. The coder-artist engages in a feedback loop where they are constantly tweaking a system to produce more desirable and often more surprising results. This process embraces experimentation and happy accidents in a way that reshapes the role of the artist. Generative artists use the code basics like loops, control flow, and specialized functions, blended with often unpredictable forces, to produce completely unique results unlike anything else that exists. 


## **WHY ARE NFTs IMPORTANT TO CREATORS?**

Non-Fungibility is important for creators/brands. 

Many creators do not get enough value for their artworks in terms of credit and royalties. Non-fungibility will help creators get credit for their works as the transfer of ownership of NFTs does not imply copyright. The creator has the copyright and in terms of royalties, in the traditional art system, once the artwork is purchased, the creator gets paid and that's all. But with NFTs, the creator earns a percentage on every purchase those earnings are called - Royalties.


## **CONCLUSION**

The opportunities in NFTs are boundless, if you’re already here, then you’re on the right track to being a part of one of the biggest innovations in technology.

WHAT ARE NFTs: By LATSAN

I really don’t like the word _“Flipping”_, it kind of makes you think it’s very easy to just identify NFTs and sell them for profits.

You just don’t Flip NFTs, it takes a lot of work and patience.

The thing is NFTs these days have to do with hype and utility. 

I have had some NFTs since 2017 and they began to gain traction in 2021, that’s a long time if I weren’t patient.

Flipping NFTs takes time, patience, and knowledge.

## .
What I look for in buying NFTs, is the **hype and utility**, I don’t just buy any kind of NFT and believe it will be flipped for profits, I look for hype, which social media personality is hyping it and while doing this, it is good to understand that whatever you invest might end up as a waste, because you aren’t assured someone is going to bid for your NFT and buy them in the secondary markets.

This is because NFTs are Non-fungible, there is no price pegged to it like fungible assets. It is people that attach value to these NFTs actually. Sometimes, even amongst a particular collectible set of NFT, you’ll see some rare ones sometimes sell at a cheaper price than the common ones, that’s because someone might attach a sentimental value to a common rarity and value it at a higher price than a rare one.


## **HOW DO I FIND NEW NFT PROJECTS?**  
* I use [www.niftyriver.io](www.niftyriver.io) and [www.rarity.tools](http://www.rarity.tools) to find new projects and more, they’re almost like the CoinMarketCap and CoinGecko of NFTs
* I use [www.howrare.is](www.howrare.is) to find out the rarity of my collectibles.
* I use Twitter
* I use Discord

If you’re new to using these tools, you could just do YouTube research on how to use them.

It's quite easy to find NFT projects, just use the **#NFT hashtag on Twitter** and follow Twitter  NFT influencers who talk about NFTs, you’d see on influencers to follow on Sucre’s write-up.

### USING DISCORD
On discord you can also check the shill channels of some NFT projects, people drop a ton of NFT projects there, it's now a burden on you to search through them and do your research.

It is not easy using discord, I don’t like discord because you have a lot of people sending you DMs from unknown or rather mutual servers. Some might even be sending you phishing links that you have won bitcoin and all that.

Discord can be really tiring. I don’t go there that much unless I am expecting a notification or an update, I just go there once in a while to check the announcement channels.

### IN ALL
It is profitable if you follow the hype and if you get a good NFT with a good use-case even when the hype dies down, you might be able to utilize the NFT for whatever purpose it is meant for on the project or its platform.

I made my first huge sale in NFT for 0.5 ETH in July, which was an NFT I had had since 2017, that was part of the capital I started using to invest in and “FLIP” (I still don’t like that word) NFTs.
## .
> *[CLICK HERE TO Sucre's post as he shows you the practicals](https://academy.qlipit.io/articles/how-to-flip-nfts-by-sucre) on the things you need to do to position yourself to get the right information on trading and profiting on NFTs.*



HOW TO FLIP NFTs FOR PROFITS

### NFTs are; 
**Non-Fungible**
and they are
**Tokens**
### .
Hence the term - NON-FUNGIBLE TOKEN
### .
### So what does it mean for something to be Non-Fungible?

Fungibility means two or more of one thing are all alike, for example, a $1 note is exactly the same as another $1 note, 1 BTC has the same components as any other 1 BTC on the bitcoin blockchain and therefore can be interchangeable and divisible.

Your clothes, cars, land, friends, etc, are not fungible, they can’t be interchanged and possess the exact same qualities, especially because of the issue of ownership. If I lent someone a red dress, they can’t return another red dress to me, they have to return that exact red dress with all the features it possesses, the feature of my ownership included. I own it, and I want that exact dress I own.

If I wanted to give out that red dress as a gift, I’d have to forfeit my ownership to it, I can’t divide my dress into pieces and give someone else as a gift, if I wanted them to have it, I'd have to give it to them, whole. 


NFTs are indivisible *(well at least for now because there are platforms where they can be divisible).* 



## QLIP's DEFINITION OF NFTs


Non Fungible Tokens are simply data like:
1. Audio
2. Text
3. Pictures
4. Videos 
These are data are stored on the blockchain that is unique and indivisible but possessing intrinsic and or aesthetic values.
NFTs make it possible for art and any data to be tokenized, therefore any data possessing intrinsic and attributed aesthetic value can be tokenized.
### .
Intrinsic value means that an NFT gives direct access or utility to the holder.
Attributed aesthetic value is basically the emotional attachment the NFT holder gives to an NFT because of the artist, brand story, or experience behind it.



## **THE TECH EXPLANATION OF NFTS**

Let’s approach from a more tech-savvy perspective.

### Why are NFTs called tokens?

Tokens are cryptocurrencies created on an already existing blockchain, they don’t have their own blockchain, whereas Crypto Currencies or (like [Sorochukwu](https://twitter.com/EbereSorochukwu) says), Coins have their own blockchain.

For example, BNB isn’t a Token, it is a Coin because it is built on its own blockchain and the fees for interacting with that blockchain are charged in BNB.

$QLP on the other hand is a token built on Binance Smart Chain.

This doesn’t mean crypto tokens are less valuable or will do badly in the market, they just don’t have their own blockchain. 

> The reason NFTs are called tokens is that they are a version of Cryptocurrencies existing on an already existing blockchain. 
## .
Any token can be created on the blockchain and be given value if it has a great community and great use cases behind it, Tokens created are simply lines of codes with instructions on the blockchain that govern its basic features.
NFTs are the same thing, except that they contain DATA!

## Caleb describes NFT in a more technical sense.
### .
**Writer: Caleb Alikwe** 
**Twitter: [@Naphtali1](https://twitter.com/Naphthali1)**
## .
A Non-Fungible Token is a special type of cryptographic token which represents something unique; NFTs are thus not mutually interchangeable, they are scarce digital assets connected to a token and put up on the blockchain;

### NFTs = Digital Asset + Token stored on a blockchain.

Non-fungible tokens are rare unique digital assets that are connected to digital certificates (Tokens) and stored on the blockchain.

Non-Fungible Tokens (NFTs) are unique digital items with blockchain-managed ownership.

*Fungibility* refers to the property of an asset whose individual units are interchangeable and essentially indistinguishable from each other e.g Naira notes, Dollar notes, Bitcoin, Ethereum.




## **FEATURES, STANDARDS & TYPE OF NFTS**

### FEATURES OF NFTs

**Uniqueness:** Each Non-Fungible token contains metadata specific to that particular token, this metadata describes what makes this asset different from others in the same collection as itself and others, the metadata is a permanent and unalterable detailing information about the NFT.

**Guaranteed Ownership:** Non-Fungible tokens bring full assurance of ownership to collectors as the information and provenance of the asset is stored on the blockchain and can be easily queried to verify.

**Provenance:** Non-Fungible tokens bring a new dimension to provenance as individuals are able to query the full history of an NFT from its creation to its current owner alongside, time of creation, the material used in the creation, information about the creator, and more.

**Rarity:** Non-fungible tokens are designed to be of limited supply due to their specific and detailed nature. This construct in the design brings about demand as more individuals are trying to own a limited-edition asset.

**Programmability:** Non-Fungible tokens enable a wide range of programming thereby giving their creator different avenues to experiment and set up complex mechanics like forging, crafting, redeeming, random generation, and more.

**Interoperability:** Non-Fungible tokens standards allow non-fungible tokens to move easily across multiple ecosystems thereby opening new means of utility and trading which is made possible through clear, consistent, reliable, and “permissioned” API for reading and writing data.


### STANDARDS OF NFTs

Standards are specifications in which non-fungible tokens are created as they give developers the guarantee of their assets to act in specific ways alongside describing exactly how to interact with the basic functionality of the asset.

Here is a list of Non-fungible token standards across some blockchains;

**Binance Smart Chain:** The non-fungible token standard on the Binance Smart Chain blockchain includes – BEP 721, and BEP 1155.

**Ethereum:** The non-fungible token standard on the Ethereum blockchain includes – ERC 721, ERC 1155, and ERC 998.

**Tezos:** The non-fungible token standard on the Tezos blockchain include – FA2 (TZIP-12)

**Near:** The non-fungible token standard on the Near Blockchain includes – NEP-4 and NEP-171.


### TYPES OF NFTs

**Fully Centralized:** These are NFTs that don’t have their information or metadata and assets stored on a public blockchain where individuals can query and see transaction history, total supply, etc. An example of this type of NFT is the NBA Top Shots.

**Pointers:**This type of NFT has its certificate of provenance stored on a public blockchain but with its asset stored on either a public server or a decentralized server.

**Fully On Chain:** This type of NFT has its certificate of provenance and asset stored on the blockchain.

*[In our next article, Mr. Latsan will discuss his own perspective of NFTs as an artist](https://academy.qlipit.io/articles/what-are-nf-ts-by-latsan)*

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ILLUSTRATIVE EXPLANATION OF NFTS?

large_NFTs COVERS1-3.jpg

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NFTs COVERS1-3.jpg

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### If NFTs are simply tokenized data, it gives NFT creators the opportunity to tokenize themselves and their art.

So photographers can tokenize their works of photography and also tokenize themselves and their careers.

This applies to;



1. Writers
2. Musicians
3. Actors
4. Film houses
5. Movie characters
6. Fashion brands
7. Hyper realists etc.
8. Historians
9. Big brands
10. Museums
11. Digital companies
12. Meme creators
13. Poets
14. Real Estate
15. Publishing houses
16. Digital Identity
17. THE LIST IS ENDLESS

To learn more about NFT use cases, refer to this[ article by Binance.](https://academy.binance.com/en/articles/top-7-nft-use-cases) 

 

## **OWNERSHIP AND VERIFICATION** 
If anyone can take a screenshot of a digital representation of art, then why would anyone want to own an NFT?

The question is already answered in the question, **OWNERSHIP**.

If you took a picture of art in the museum, owning the digital copy of the art on your device as a picture doesn’t make it yours. These tokens have unique identifiers on the blockchain that makes them non-fungible and easy to identify and prove ownership.

The next reason is **VERIFICATION**, the blockchain gives us the ability to know the existence of an NFT, who’s holding it, how many were minted, what it represents, etc. 

This way, you can verify the **_authenticity,_** **_scarcity,_** and **_ownership_** of an NFT

This makes it possible for NFT’s to digitally represent a physical real-life asset.

We’ve seen this applied in

- [Real Estate](https://realt.co/)
- [IT companies](https://dappradar.com/blog/reddit-twitter-and-cnn-enter-nft-race?utm_source=Newsletter&utm_medium=Email&utm_campaign=Roundup)
- [Music](https://www.bbc.com/news/entertainment-arts-57164487)
- [Fashion](https://www.voguebusiness.com/technology/luxury-fashion-brands-poised-to-join-the-nft-party)
- [Luxury car ownership](https://fortune.com/2021/06/14/veering-off-course-porsche-jumps-into-nft-craze-with-crypto-inspired-trading-card-business/)
- Careers
- [Mineral Assets like Gold](https://cointelegraph.com/news/you-can-now-buy-gold-backed-nfts-with-the-mining-carbon-footprint-offset)
- and many more.

## **HERE ARE SOME REASONS WHY NFTS ARE IMPORTANT**


### Keyed in royalties 

If a creator wanted to traditionally sell their works, they sell it at a once-off price and if that artwork gets resold, the original creator doesn’t earn any commission on that resale.

With NFTs, royalties are keyed into the data on-chain, such that the original creator can earn a percentage on every resale for life. So if I made the purchase of someone’s art at 1BNB today, and maybe in a few months the artist becomes internationally recognized, the value of that NFT would have increased to maybe 2BNB, so if I sell that NFT at 2BNB, the original artist gets a certain % in BNB as Royalties depending on what they keyed in.

You don’t get this in traditional art sales, and what’s more, the artist gets to track his progress and value.

### Tokenized Value

(BE RIGHT BACK, I'LL UPDATE THIS SOON)

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WHY NFTS?

Why NFTs?

***Just like a coin has two sides, every market has 2 sides;***

* The _buyers_ and the _sellers_
* The _producers_ and the _consumers_
* The _supply_ and the _demand_ ….. and so on and so forth

But in this NFT space, I call those two sides **“The Creators and The Collectors”**


## The Creators can be;
* Various types of Artists, Brands, or individuals (from music to actors to hyperrealists and more)
* Fashion Brands
* Public Figures
* Film/Media houses
* Comedians
* Influencers etc.
* Tertiary institutions etc

## The Collectors can be;
* Fans
* Brand Loyalists
* Customers
* Individuals
* Traders (don’t forget this is a market too)
 

## Who is a creator?

An NFT Creator is one who provides value through NFTs.

Going by the examples posted in the introduction, you can see that NFT creators can exist in any industry, as long as they can provide value through NFTs.

There are 2 main categories of NFT Creators;

* Mainstream Artists or creators
* Individual Artists or creators

## Mainstream Artists/creators

These are Artists, Brands or Individuals who have made a name in their industry and are globally known, they’ve got the followers, the hype, the attention of the media, the international awards, etc.

In the African Music industry setting, mainstream artists would be the top record labels like Mavin, top artists like the BurnaBoys, the Tiwa Savages, the Wizkids, the Olamides, the Davidos etc.

In the Literary space, they would be the Wole Soyinkas, The Chimamamndas, The Achebe’s, The Camera Laye’s, The Ngugi wa Thiong’os, etc.

And you can go on to identify mainstream artists in other sectors and industries, basically, if these guys made an NFT drop, it would make the news, because of who they are, period!

Most works of Mainstream Artists sell because of;



1. Sentimental value from fans, brand loyalists, etc and
2. Traders’ expectation
3. And another thing that can make them skyrocket that we aren’t yet seeing is utility.

Most of the NFTs that are dropped by some mainstream artists today, don’t live beyond their drop, and that’s because there’s no real-life off-chain utility to them.

The ones that do have trading activities, have them because of a major event happening in the artist’s career or in their brand.

As a mainstream artist or brand, releasing an NFT of yourself is like tokenizing a piece of you on the blockchain that has a direct link to your real-life activities, where those activities can determine if the price of your NFT goes up or skyrockets.

But these are the kind of conversions we have with Mainstream artists in private to determine their NFT drops and utility strategy.

But if you’re a mainstream artist or creator considering getting into NFTs, understand that you don’t need to spend any extra or more than you’re already doing now for your brand.

You can send a mail to [karla@qlipit.io](mailto:karla@qlipit.io) so we can talk.


## Independent Artists/Creators

Independent artists or creators aren’t yet internationally recognized on a large scale, they’re excellent artists/creators and are probably even more crafted than some mainstream artists/creators, but haven’t yet gained popularity across borders.

The Pre-Minting and Minting Activities for a mainstream artist are different from that of an independent artist.

The activities for Mainstream Artist/Creators are peculiar to their brand and function, for Independent Artists/Creators it’s a bit different, there are peculiarities that exist but I’d break them down into 5 simple steps.



1. Pre Minting Activities
2. Utility Creation
3. Minting Activities
4. Post Minting activities
5. Marketing & Community

**_Note:_** 
_Remember, that there is no rule of thumb, the guides here can change and take different forms as the industry grows, so be sure to stay ‘woke’ and updated with the NFT industry._

 

### NOTE TO INDEPENDENT ARTISTS: 
Every day you get reminded that crazy millions of dollars are being pumped into NFT and you see top artists and influencers going into the _“craze”_, there is a tendency to assume that the NFT space is a _“get-rich-quick”_ shortcut to earning some passive income.

Not to burst your bubble though, but thinking like that, is like a musician or visual artist, wanting to make their career a “get-rich-quick” shortcut to earning some passive income.

Don’t miss the keyword - **_career_**

The first key to excelling in the NFT industry is looking at your NFT journey as a **career.** 
### .
**NETFLIX & NFT** 
Think of your NFT journey like how Netflix upgraded its services with the internet. In the ’90s, they rented movies manually and with postal service too. But when the internet came, they took advantage of it, early! [(check out their website using the Wayback machine in 1999…. don't laugh)](https://web.archive.org/web/19990117011532/http://www.netflix.com/), but you get the point, now see what they are today, they still rent out movies but in a different way and on a larger scale -- through the internet.

**_Now, imagine you’re in the ’90s, and you’re Netflix, and imagine NFTs are the internet……...what are you going to start doing differently in selling your art and providing value?_** 
**_KarlaGod_**


> ### NOW LET'S GET BACK TO THE PROCESS


## 1. PRE-MINTING ACTIVITIES

As the subtitle suggests, Pre-Minting activities are activities you carry out before creating your NFT. Just like as a music artist, before releasing an album, you structure it, you decide, the genres, the producers who would work on them, which singles to promote, etc.

You have to consider these 4 key factors before minting your NFT;


1. Artistry
2. Price
3. Utility


### ARTISTRY

Artistry refers to the artist and the art they’re putting out, the key to making artistry work is **being intentional.** Let’s take photography as an example.

If a photographer wants to have their work minted on QLIP; these are the ideas and steps they should consider.


### The artists - Who are you and are you branding?

You’ll need to ask these questions because they help determine the value of your NFTs in the long run. Why are you doing photography, what’s your style of photography? Have you identified what makes you different?

If you have the answers to these questions, then the next question is:
**are you branding your work?**

Audiences follow a brand, it’s why artists have fans and followers.


### The NFT - How will your NFT look?

How many will be minted? Will these first mint have a central theme? How much will they be valued? What will be the features?

So if we’re looking at photography, you’d be asking questions like: 

What photography series will these NFTs be centered on?

What will they be called? 

How scarce will they be? 


> *“Presentation is like the glitter for gold - All that glitters isn’t gold, but all gold glitters”*
KarlaGod
### .

**Closure - Behind the scenes**

Closure is the documented process following an NFT that gives the art aficionados and your fans an insight into how your NFT was created. It adds to the value of your work.

After giving your NFT a name, a series, and every other essential, you should or could give the process a story, that’s how the artistry gets appreciated. Say you were creating a drop for an NFT the process creation serves as quality marketing and building anticipation and awareness leading to the drop.


In summary;

_If a photographer wants to create NFTs of their work, they need to do it intentionally and document their creative process._

## PRICING

Here’s is an aspect that doesn’t incur cost to implement, the only cost here is *“Self Awareness”*

You have to evaluate yourself, notice I didn’t say your art, I said *“yourself”* as an artist, where do you think you are at now, at this point of your career?

That should determine how your prices are set, **it’s more of the artist than the art**.

### .
Honestly, we’ve seen NFT art with not very aesthetic values sell for a lot more than some others that were more aesthetic.

Beauty is in the eyes of the beholder, the important thing is, who’s behind the beauty. 

The aesthetics of your NFT are created the way they are because of you the artist, so, you-- the artist, determine the price.

So it’s not about aesthetics, it’s about you. 

**_“Price doesn’t determine the value, the value determines the price” ....KarlaGod_**


### NOW THAT BEING SAID.....

**Be realistic** in setting the prices to your NFTs, let them reflect your current state of career and not your future expectations.
### .
Don't go setting your NFTs at 100BNB, 10BNB, or more when you can't match it;

### .
To back this up.

Don't get carried away with the new Collectible drops that you see today gaining increased floor prices almost immediately.

### .
**HERE'S A LITTLE HINT**

Those projects have a Level 1 community of ETH and NFT holders/investors, who buy back the NFTs within themselves to push up the floor prices, to attract external (level 2) investors and NFT aficionados, and when the hype sets in, is where they actually make their profits in the first stage of the secondary market.

That's the reason for the Twitter updates, discord activities, etc.

So don't get carried away with the prices of other NFT projects and artists, set your price according to your level of self-awareness.

Ask yourself if you would buy your work (not the aesthetics) for that amount you're imputing.


 

## **2. UTILITY CREATION**

You’ve probably heard me use the term in some of my tweets about utility for NFTs;



1. Real-life utility
2. Off-chain utility

**“Real-life”** utility refers to an NFT being useful beyond display in a wallet, having real-life uses (that doesn’t necessarily mean they’re not digital), a lot of our real-life interactions are with the virtual world, our games, online events, information downloads, etc. So real-life utility for an NFT could be a utility like;



* Gaming
* DeFi Access
* Access to a virtual event
* Access to data like a document, 

**“Off-Chain”** utility refers to an NFT being used off the blockchain to access physical products or tangible services and here’s where brands, both big and small can come to play. 

If you’re a business person or a founder who takes your brand seriously, then it is reflected in the designs and kind of post you make on your social media.

I usually say, if you’re already making posts on Instagram, then you can monetize those contents as NFTs with little cost, all you have to do is add utility to them, it’s like having value represented on 2 platforms.

### .
**Off-chain utility for an NFT can be;**

* Connecting and NFT to a brand’s T-shirts or a clothing design
* Access to a music concert or comedy show
* Access to a Movie premiere 
* Redeemable certificates for courses and educational activities etc.
* Vouchers, coupons, etc to a service

There are many that I didn’t mention here, but you can figure them out with respect to your market and your service or products.

This is something that a lot of NFT artists and brands aren’t yet looking into.
### .
**UTILITY is the future of NFTs! Tie a real-life off-chain utility to your NFT.**
### .
If you’re a photographer you can provide utility to your NFTs like;



1. Access to the picture framed and delivered to them.
2. Specific studio session 
3. VIP access to your exhibitions etc.

It’s about engaging your market and selling them value that can live on beyond your present market.

## **3. MINTING ACTIVITIES**

We’d update with a video soon, but in the meantime, [ refer to this article](https://qlipit-io.medium.com/nigerias-independence-day-nft-contest-50-000-qlp-token-reward-pool-60290257259c), skip to the step 2 area.

## **4. POST MINTING ACTIVITIES**

Post-minting Activities are Activities you carry out for the promotion of your NFTs. Here's a way to streamline your focus;

1. Attraction & Sales
2. Community & Secondary Markets
3. Demand & Royalties
### .
**Attraction & Sales**

In doing your NFT drops, you'd attract people new to the NFT space, and also new to your brand.

So you can't just come at them with NFT sales, you can do a little giveaway to existing customers and potential customers, they're called "Airdrops" in the crypto space

You can have a collectible project and release 2 series, or even make the 1st entirely different from the next with the aim of attracting users.

At the second drop, you can focus on sales, and there's where you add utility to the next drops.
### .
**Community & Secondary Markets**

Your community is a mix of your customers, social media followers, and personal contacts.

And what drives the Community is your product or service.

Because you have a thriving community of repeat customers and a social media space, your NFTs can exist in and live in the secondary markets.

That means they can be actively traded because there's an existing demand for them.
### .
**Demand & Royalties**

2 things that can drive demand in NFTs are Community and Utility.

Say your photography brand or fashion brand just started and you guys are releasing your NFTs. If you add a utility that connects your NFTs with your products, that means that, as your fashion brand becomes widely accepted in your space, the value of that NFT begins to increase and exchange hands.

And as that happens, you receive royalties. When you make an NFT drop, it is no longer yours, it is in the hands of the consumers, so the only way you can earn is when they resell and that way you get royalties, and we have the royalties feature keyed in on QLIP for artists…. (Thanks to the Blockchain Technology ☺️)

## **5. MARKETING**

1. Brand
2. Sales
3. and Community

Marketing yourself as an artist and marketing your NFT is important to the growth of your sales.

Marketing doesn’t need to be rushed, so look at NFTs as an avenue to bring attraction to your art as an independent artist or brand. Here are some tips you can apply;

### .
### Social Media - Twitter must be your friend

Twitter is the HQ of Crypto Social Media, and where you should launch from, Instagram and Facebook aren’t as engaging with NFT content as Twitter is at the moment, but you can use them to augment your social media activities.


* Use #NFTs on Twitter, also go through the NFT #s to engage and connect.

* Follow NFT creators and NFT collectors

*Do a #NFT challenge that involves others. If you check out this [tweet by QLIP](https://twitter.com/Qlip_it/status/1411722419421732864?s=19) you will find that one of the ways I connected with the NFT space was through my #30daysofNFT challenge.

### Shill your art
Shilling is basically posting links to your art content in relevant tweet posts. There are posts by #NFTcollectors and influencers asking for new artists to post links to their art in the comment section.

Some post verbatim “shill me your art” lol.

Some others say things like “Looking to buy new NFTs, post links to your art and I’ll take a look”

Examples of NFT shillable tweets;

[https://twitter.com/Crypto888crypto/status/1412611617943003146?s=19](https://twitter.com/Crypto888crypto/status/1412611617943003146?s=19) 
[https://twitter.com/DickersNFT/status/1412612941145382916?s=19](https://twitter.com/DickersNFT/status/1412612941145382916?s=19)


### [WATCH OUT FOR QLIP SHILL TWEETS](https://twitter.com/Qlip_it)

### .
### Strategic Giveaways in NFT

This is one of the ways to bring attention to your work and also strengthen and reward the commitment of your followers.
### Strategic Collaborations - With NFT artists

Just as music people do features, you can do the same in the NFT industry. It’s one of the things we looked at which made us create the NFT COLLAB section on the QLIP Platform which will be live in our next upgrade.

As an independent artist or a photographer, you can collaborate with a music NFT artist, or a mainstream artist to have them as your models for your shots, etc. You get the picture, right?

## SUMMING UP
By now you would have a proper grasp of how to create and also how to strategically market your NFT as a creator. 

Remember, there is no rule of thumb yet, things change quickly in this space, just apply wisdom and always ask for help if you need it.

In Dumbledore's voice, *"Help will come to those who ask"* I think that was in The -Rise of the Phoenix- right, book 4?🤔
I love that book series, I wonder if JK Rowling will consider NFTing those illustrations on QLIP☺️

I'll definitely buy them!

[Anyways, if you have any questions or suggestions you can always reach out to us on the QLIP TELEGRAM GROUP on](https://t.me/qlipit) or mail me karla@qlipit.io

## [Click here to enter QLIP Mint Store and start minting your NFTs!](https://app.qlipit.io/)

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HOW TO NFT; FOR CREATORS

## **INTRODUCTION**


Remember when I said that the NFT market had 2 faces like a coin? Yeah, I didn’t mention that every market has a distribution channel like middlemen, like in marketing you have producers, wholesalers, retailers, and consumers.

The middlemen are the wholesalers and consumers, yeah! The same kind of structure exists in the NFT market, the only difference is, it’s a free for all kinda market (I ber COD players understand this...lol)

Anyone with the funds and with information can position themselves to be either wholesalers or retailers.

In the NFT market, it’s being either a primary market player or a secondary market player.

Anyone in any market can profit if they play their cards right.

Just like you trade coins in various exchanges, you can trade NFTs and make profits by buying low and selling high.

So in this chapter, we’d be talking about what collectors do to, identify, buy and sell NFTs for profits, the Americans call this Flipping.   

## **HERE’S A STORY ON HOW I RIPPED MYSELF OFF**

I remember one of the platforms I researched when I started my NFT journey was NBA TopShots. I kept hearing Pranksy talk about it on Twitter and the top funds he was putting into buying rare packs, so as usual I got curious and created my [NBA TopShot account](https://nbatopshot.com/user/@ItsKG).

And I started buying some NFTs, they were called “moments” each pack had 5 moments with random rarities, and I was lucky enough to get a pack with one LE - Limited Edition Moment, I remember buying that pack for about $12 I guess.

That LE Moment was Luka, and I put it up for sale at a price of $100, then shared the link on discord, and someone bought it in less than a minute. I was ecstatic!!

I thought I was becoming an amazing collector until, I found out what the floor price was for that moment - $300….. This guy bought my Luca for $100 and immediately put it up for sale for $300+ and it sold within minutes because it’s on record, you can see the transaction history, mehhhhn was I mad at myself….lol. Damn it was painful! I felt bad for a while, then bought a cheaper Luca out of spite.

How did I find out!

Someone in the discord channel told me I had sold it too cheap, said someone flipped on me and showed me how to find out the value of my moments by checking the floor price, I think you can still see my transaction history if you check my profile.


### MY LESSONS?

1. Get to know the basics of the NFT project first, before trading.
2. Engage the community, ask questions, don’t be shy.
3. Find out the Rarity levels of an NFT, I call them **_“CURE L”_** from the bottom up.
* Legendary
* Epic
* Rare
* Uncommon
* Common

The most valuable are the legendary packs and the least valuable are the common packs, every NFT project has a guide that shows you the Rarity Levels of their packs, they might not call it CUREL but they will have a guide if they’re serious about being relevant in the secondary market.

*Let's Find out what [Mazzaroth](https://academy.qlipit.io/articles/how-to-flip-nf-ts) and [Sucre](https://academy.qlipit.io/articles/how-to-nft-for-collectors) have to say to COLLECTORS in our next article* 



HOW TO NFT; FOR COLLECTORS

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## **UTILITY IN NFTs**


### * (Note from Karla)*
You’ve heard me say, the future of NFTs is UTILITY!!! but it’s a lot deeper than that.

Utility in this context is the ability of an NFT to be used beyond being a store of value but usability substantially as a medium of exchange for a service, product, or access.

*Mr. Wonders will elaborate more in the next section.*


## WHAT IS THE FUTURE OF NFTS?

Every day we hear about a new collectible drop, the cryptocurrencies and blockchain space is a crazy world and NFTs have become part of that craze.

But NFTs could become something far more widely used than in just art.

As Revolution takes place in every aspect of life including technology, NFTs could provide more efficient ways of conducting business. 

Transactions can potentially happen more quickly and easily. Blockchain also keeps a record of all the transactions connected to the NFT and the property it represents. For example, in art sales, NFTs could represent the provenance of something going back to the creator.

Furthermore, NFTs can include what are called smart contracts, or code elements that can automatically take actions under certain conditions. The concept is of an automated and self-enforcing set of rules that can’t be ignored or skipped. 

In the future, NFT use cases will only continue to multiply, and may even be linked to everyday activities such as ticket sales, proof of attendance, and battling fraud.

While we may be some years away from the hype cycles cooling off, steady organic growth can be expected in the medium-term as more and more stakeholders begin to appreciate the value and multifarious applications of NFTs. Once this happens, digital tokens have the potential to be linked to any unique, tangible, and intangible asset – including endangered species and space assets.


## **How exactly can NFTs be used to preserve capital?**


1. People could use NFTs **as synthetic tokens** and **attach NFTs to real-life assets,** products, or services.
2. NFTs promise a way to connect with their audiences directly with the potential to** revolutionize in-game monetization.**
3. **Personal identity management** is one area in which NFTs can shine, if we can have avatars we can have IDs.

**The future potential of NFTs across key applications including:**

1. Finance

2. Healthcare

3. Real estate and many more.

&nbsp;

**Finance:**
The most straightforward use case of NFTs in decentralized finance is obtaining loans against valuable digital assets without selling them.

**Healthcare:**
Genetic testing facilities have been sharing the DNA of humans with big pharma companies to cut years off drug research. However, this has often raised concerns as to how these companies sell the most personal data for huge profits without passing any benefits to patients.

**Real estate:**
Since there has only been one successful real estate transaction that utilized an NFT, and it was in Ukraine, it remains to be seen how well this technology can be adapted to meet the variable needs of this kind of real-world deal on a global scale.

Some other use cases;



1. Games
2. Other Fashion
3. Events And Ticketing
4. Licenses And Certifications

As people begin to understand blockchain and its diverse ways of application, NFT’s will gain usage in more sectors in the coming years.

 

## **NFT is BEYOND ART** 
Utility represents how easily the NFT can be used and what you can actually do with it; reputation represents value given by the profile popularity or infamy of the original creator or source, and liquidity represents how easy it is to buy and sell the NFT.

The real-world utility would soon be translated into the same sort of current landscape of NFTs, As NFTs gain momentum, existing businesses will want to figure out ways to either expand into NFTs or convert current products or benefit programs into NFTs.

Reputation and scarcity driven value, work well for digital art and collectibles, but this is a relative niche audience

The highest level of utility for an NFT is where an owner of an NFT is entitled to certain benefits or opportunities as a result of his or her ownership.
&nbsp;

BEYOND ART: NFTs are redefining the concept of *“value”*
&nbsp;

### 1. ENTERTAINMENT:

The best thing about NFTs is that the middlemen are cut out and anybody with an internet connection, anywhere in the world can access an NFT, with the right programming. In entertainment, producers can seize the opportunity to raise money for new productions by selling digital collectibles (such as artwork or sections of the film’s score), to publicize the release of a movie or music to boost awareness of an issue.
&nbsp;

### 2. SPORTS: TICKET AUTHENTICATION:

NFTs offer a new monetization model that benefits athletes and their fans even more than advertising or sponsorship. It is also a new way to connect with fans and provide them with a unique experience such as giving them a chance to buy one-of-a-kind items, photos from personal archives, and even a ticket to an in-person meeting. Fans can also see NFTs as a form of investment: they can resell tokens and earn money from them. For some, having a unique NFT backed by a real item is a joy and an unforgettable emotional experience as well. 

What defines the collectible card business, for example, is the physical scarcity of cards. The idea of scarcity combined with authenticity is what attracts fans the most and helps athletes get closer to them.

Moreover, launching an NFT project is another marketing opportunity for leagues and athletes. Just like they sell official league- and team-related merchandise, they can also create NFTs and treat this as another kind of e-commerce only with a lot more potential applications.
&nbsp;

### 3. INTELLECTUAL PROPERTY: PATENT MARKETPLACE

The advantage of NFTs over other forms of proof is that once an NFT is purchased from a verified seller, it is easy to track the chain of ownership and the emergence of NFTs is particularly interesting when it comes to intellectual property law because IP law often protects intangible assets, such as an invention (patent law), a song (copyright law), or a logo (trademark law).

As with any new application, clients involved in non-fungible tokens and blockchain technology, including companies, creators, and artists, should seek legal counsel to ensure their intellectual property rights are preserved and properly enforced. Intellectual property attorneys can assist companies in identifying protectable content and subject matter, recommending best practices and proper safeguards to protect works from improper exploitation.
&nbsp;

### 4. TRAVEL INDUSTRY

NFTs can be used as proof of travel. NFTs can present an opportunity for travelers to prove they have done a particular thing. Tourists could use NFTs to aid wildlife conservation.
&nbsp;

### 5. IDENTITY, LICENSING, AND CERTIFICATION

NFTs use cases have been recognized in terms of digital identity so it will work well.
&nbsp;

### 6. CERTIFICATIONS OF AUTHENTICITY AND OWNERSHIP

In addition to human identity and qualification certification, NFTs can be used to develop certificates of authenticity or ownership for any digital or physical object.
&nbsp;

### 7. GAMING

NFT art and gaming items use digital certificates to authenticate rare online assets and track their movements. This concept, a novelty for most people, has seen an influx of activity from artists and gamers who have learned to utilize the technology to their advantage.
&nbsp;

### 8. NFTS IN LIVE EVENTS AND EXPERIENCES

NFTs could be used to make event ticketing more secure. Counterfeit tickets are a large issue and since NFT ownership is verifiable on a blockchain, the authenticity of an NFT ticket is always guaranteed and current online ticket marketplaces also charge high fees to facilitate trades, which could be removed completely with a decentralized NFT ticket market. People could buy directly from each other, while still knowing they were getting a real ticket. 
&nbsp;

## There's more to NFTs than just art!!!

THE FUTURE OF NFTs

The Future of NFTs

## .
Since NFTs are decentralized in nature, they are stored using decentralized storage. The most popular decentralized storage solution is known as [IPFS - Interplanetary Filesystem. ](https://ipfs.io/)


## **How does IPFS work?**

IPFS is a peer-to-peer (p2p) storage network. Content is accessible through peers located anywhere in the world, that might relay information, store it, or do both. IPFS knows how to find what you ask for using its content address rather than its location. 
## .

***There are three fundamental principles to understanding IPFS:***

1. Unique identification via content addressing
2. Content linking via directed acyclic graphs (DAGs)
3. Content discovery via distributed hash tables (DHTs)

These three principles build upon each other to enable the IPFS ecosystem.


## 1. **Content Addressing:**

IPFS uses _content addressing_ to identify content by what's in it rather than by where it's located. By contrast, every piece of content that uses the IPFS protocol has a _[content identifier](https://docs.ipfs.io/concepts/content-addressing/)_ or CID, that is its _hash_. The hash is unique to the content that it came from, even though it may look short compared to the original content.


IPFS follows particular data-structure preferences and conventions. The IPFS protocol uses those conventions and IPLD(Interplanetary Linked Data) to get from raw content to an IPFS address that uniquely identifies content on the IPFS network.

 

## 2. **Directed Acyclic Graphs:**

IPFS and many other distributed systems take advantage of a data structure called [directed acyclic graphs](https://en.wikipedia.org/wiki/Directed_acyclic_graph), or DAGs. Specifically, they use _Merkle DAGs_, which are DAGs where each node has a unique identifier that is a hash of the node's contents. 


 IPFS lets you give CIDs to content and link that content together in a Merkle DAG.

 

## 3. **Distributed Hash Tables (DHTs):**

To find which peers are hosting the content you're after (_discovery_), IPFS uses a [distributed hash table](https://docs.ipfs.io/concepts/dht/) or DHT. A hash table is a database of keys to values. A _distributed_ hash table is one where the table is split across all the peers in a distributed network. To find content, you ask these peers. 


There are [other content replication protocols under discussion ](https://github.com/ipfs/camp/blob/master/DEEP_DIVES/24-replication-protocol.md)as well, the most developed of which is _[Graphsync](https://github.com/ipld/specs/blob/master/block-layer/graphsync/graphsync.md)_. There's also a proposal under discussion to [extend the Bitswap protocol](https://github.com/ipfs/go-bitswap/issues/186) to add functionality around requests and responses. 


There are several pinning and IPFS hosting services like Pinata, Textile.io, Ceramic, Arweave, etc. which are quite popular and also offer free storage up to some extent. 

_Storing on IPFS makes data immutable, which is why they are popularly used in NFTs._

## [Click here to enter QLIP Mint Store and start minting your NFTs!](https://app.qlipit.io/)

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HOW ARE NFTs STORED?

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