NFT

“Minting” an NFT is the process of writing a digital item to the blockchain. This establishes its immutable record of authenticity and ownership.

NFT drops can vary in both how the NFTs are sold (listed for sale or auction), and in who they’re released.

From art and photography to sports and gaming, creating an NFT using OpenSea is easy.

Creators and collectors have two main ways to sell using OpenSea: via fixed price sale and in an auction.

Using collectibles1, you can buy items listed for sale instantly, bid in auctions, or make offers on any NFTs.

NFTs operate on blockchain technology. The blockchain is basically a large, digital, public record. The most popular blockchains are distributed across many nodes (read: people’s computers), which is why you’ll hear them described as “decentralized.”