What  are NFTs? Future Scope of NFTs in Pakistan nft say pesse kese kamayein in urdu hindi

What  is an NFTs? Future Scope of NFTs in Pakistan 2022

 

Contents:

1 Introduction to NFTS

2 What are the meaning of NFTs?

3 What is NFT and what is the  working of NFT?

4 Examples of NFTs

5 What is NFT CRYPTO?

6 How to Create and sell NFTs?

7 How to make investment in NFTs?

8 Are NFTs Legally authorized  in Pakistan

9 NFTs Platforms in Pakistan

10 How to sale out NFTs in Pakistan

11 Future Scope of NFTs in Pakistan

Introduction to NFTS

Dear readers everyone is aware of the NFTs now a day. Only a single tweet has worth of millions of dollars. An  image price is much more expensive in the field of NFTs.  If you have interested in technology and current affairs the NFTs are not a new thing for you. We can say that the last  year 2021 was the year of NFTs. 

NFTs give you an opportunity for creators to create their digital assets, sell them online, and earn revenue. Now a music composer can sell her music directly. Similarly, an artist can sell her art without any broker. The customers  can purchase the digital asset, store them, and hope for a big profit on them after the sale. This sale and purchase procedure always provides his share every time.  NFTs come to the news bulletins   last year but it has roots since 2012.

What are the meanings of NFTS?

NFTs are abbreviated as   Non-Fungible Token. It means that NFTs are non-Interchangeable units of data and information which is stored in block chain. NFTs can be a file, image, video, and music. Here every unit of data is unique in its type. NFTs are always digital and non zero-tangibles. We cannot say the tangible product as NFTs.

What is NFT and what is the working of NFT?

Non-Fungible Token are unique digital assets belonging to individual people with a certificate. No one claims authority over it except the owner the asset. NFTs are the same as a book of a person A, which has unique nature. There is no other copy of this book in this whole world. The owner of the book converts it into NFT and keeps it on web pages. The other Person B wants to purchase it . He comes in contact with Person A and after negotiation person, B purchases the book. He makes payment of  a certain amount for that book. Then Person B is the owner of that book .

Example of NFTs:

Everyone know the most popular memes of Pakistani Cricket fan Sarim Akhtar. His meme becomes popular  with the name of Dfans in the World Cup 2019. DFans collaborated with Pakistani NFTs auction site Alter. Sarim sold out that disappointed NFT for $2.9 million. The other instances of NFTS are the following.

1.      Beeple’s Crossroad

2.      CryptoPunk #7804

3.      Beeple’s HUMAN ONE

4.      Everydays: the First 5000 Days

5.      First Tweet of Jack Dorsey

6.      First copy of Herry Potter novel

What is meant by NFT CRYPTO?

Cryptocurrencies for example Bitcoin, Ethereum, and Tether are non-tangible assets.  So We can say that every digital asset belongs to the NFTs. People make investment in Cryptocurrency and secure their assets. Then they sell when they receive a good profit.

How to create and sell NFTs?

NFTs can be the future where readers can sale out   and buy the desired digital assets. Many people earned millions of dollars after creating NFTs. If you have a unique thing then you can turn it into NFT and sell it. Following arethe steps to become the owner of NFTs.

1.      First of all create your own wallet where you can sale out your product

2.      After linking your wallet with Meta Mask,  you will be able to make your own NFTs

3.      Make  the particular name of your NFTs collection

4.      In your NFTs store, you can add much more NFTs in it

5.      To sale out  your NFTs , you have  make payment of  the gas fee (Transaction fee) .The amount of fee depends upon the demand rate of NFTs

6.      Your  asset will be available for sale. Anyone can access to you to buy your NFTs.

What is NFT and what is not NFT?

There is a dire requirement   to know about the NFTS and non-NFTs. Your crypto asset, digital art, GIFs, music, Tweet, pictures, videos, and texts etc   are NFTs. You can sale out them online. Contrarily, your mobile, plot, house, coat, shoes, office, bed, watch, and laptop etc are not NFTs. You cannot say them a digital asset. You can sale out these things online by only placing their picture. These things are tangible and each tangible asset is not NFT.

How to make  investment  in NFTs?

To make an investment in NFTs is not difficult. It is a similar procedure to the NFT cryptocurrency. Many people have crypto accounts where they sell and purchase cryptocurrencies. You have to go to an NFT account. Search for your desired NFT and bargain that NFT. The seller will offer you NFTs with the help of his own account. After buying or investing in NFTs, then you have to make your own account. You can show your NFTs for sale at a higher selling price than buying price.

Are NFTs Legal and authorize in Pakistan

The answer   is YES. I will include the example of Sarim Akhtar here gain. Site Alter helped Sarim to sale out his NFT. It means that NFTs are legally authorized in Pakistan.

NFTs Platforms in Pakistan

Begin to make your own NFTs. If you have the creative and innovative  abilities and create digital things like music, GIFs, and videos then come forward and sell them. Three platforms will help to sale out  your NFTs. The Platforms are the following.

1.      Open Sea: It is the biggest  NFTs place with total volume of 6.5 billion dollars.

2.      Rarible: This platform is one  in Etherium.It is fifth highest trading platform with 210 million dollars.

3.      Super Rare: It is known itself a social platform. This site works with artists. Each digital piece posted on this platform is unique and different.

4.      Foundation: This is innovative platform with $ 79 million trade volume.

5.      BakerySwap: It is 1^st  established platform on Biance Smart Chain.

How to sell NFTs in Pakistan 2022

You can sale out  your NFTs in Pakistan easily. The aforementioned platforms are ready to sale out your NFTs anytime. The NFTs concept is new in the  software market. Many people do have not much information about it. Many creators, musicians, artists, and writers  etc can earn billions of dollars using these platforms. You have to create your digital asset, follow the Techburaq guidelines of “How to sell NFTs” .

Future scope of NFTs in Pakistan

Future scope  of NFTs in Pakistan is bright. This country is full of creative and innovative people. There are many artists, writers, Musicians, Technologists, entrepreneurs, and bloggers etc are living. They need proper guidelines to sale out their creativity. This industry can flourish manifold in coming  future.