Learn how to create your first NFT collection and NFTs
NFT collections are used to group a particular group of NFTs with similar attributes. For example, if you are a painting artist and you intend to sell your works as NFTs, you can create an NFT collection for these works.
When creating an NFT collection, you must specify in advance how many digital works to be included in your collection. It will not be possible to change this number later.
A non-fungible token (NFT) is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger. The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create. NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible.
Private and public NFTs are two types of NFTs. By nature, they are both non-fungible, meaning that they are tokens that are non-divisible and hold their own, distinct values. The records of subsequent transactions for both private and public NFTs appear on the blockchain.
However, despite the similarities, the fundamental difference between private and public NFTs is the way in which ownership is displayed. Private NFTs allow for private ownership, ensuring assets and transactions do not need to be exposed to everyone. On the other hand, ownership and all transactions pertaining to traditional NFTs are open for everyone to see. In other words, anyone who owns a traditional NFT can be openly identified.
Private NFTs solve this problem by protecting ownership visibility with private NFTs the validation of fungibility happens without opening verifiability to everyone. This means that the process of validation occurs without compromising private data, including transfers and proofs of authenticity.
Privacy is important because even for small crypto holdings, if your transactions or digital assets are revealed to an audience that you did not intend, you could face potentially negative social impacts: you might use crypto to pay for sensitive products, create or buy digital assets, or information subscriptions that you would rather not tell others about in some cases, its discovery could make you a potential target for blackmail or harassment.
Schemes contains basic informations about the NFT collection or NFTs, such as a description, URL, and an image representing the NFT collections or NFT items.
Creating an NFT on Priverse Marketplace is easy!
This guide explains how to set up your first NFT.
Setting up your first NFT collection
Setting up your first NFT