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NFT type selection

Creation of the first NFT:

Step-by-step guidelines

Types of NFT

Before we will start talking about NFT creation, we need to decide which digital asset you want to tokenize in the first place. You have unlimited options available.

But first of all, make sure that you own intellectual property on a certain object that you want to turn into an NFT and to the IP address you work from.

If you don't have any specific idea, you can check the DataBase website with a list of new NFT projects, a list of the best and those that will appear in the near future.

Right now, the following types of NFT are the most popular:

Collectibles

Collectible objects are the first type of NFT that was ever created. Pokemon cards, vintage toys, Curio Cards – all of them were the first NFT collectibles. Then, Bored Ape Yacht Club, Cryptopunks, Cat Colony, Meebits and others appeared. The most famous example of NFT collectibles – Cryptokitties – was so popular one day that it overloaded the Ethereum network.

Pieces of art

Art is on the peak of its popularity right now. Digital artworks always come with a public certificate of authenticity and title issued by the digital book in which they are stored. The most expensive NFT to sell so far is an art named "The first 5,000 days" created by an artist Beeple, and it was sold for $69,3 million in March 2021 at Christie's.

Sports memorabilia

NFT sport souvenirs are also very popular. The most famous NFT in this

segment is NBA Top Shot. This type of NFT usually includes a videoclip with memorable sports moments. The LeBron, James Dunk, Throwdowns (Series) is a clip where LeBron James, a Lakers player, scores a goal. It was sold for more than $380,000.

Video game assets

These are video games based on NFT in which players participate to win awards, such as cryptocurrency, digital assets or other NFTs.

The first asset in this category was game named Axie Infinity, after which CryptoKitties, Gods Unchained, Sorare and many other were launched.

Virtual Earth

Fast developing NFT area, which includes land in video games and in the Metaverse. Digital piece of land can be used for ads in video games, creation of digital assets and etc.

Memes

A few years ago nobody could imagine that memes could have any financial value, but with the NFT wave, memes also become part of the digital assets. Original meme Doge was sold for $4 million in June 2021. Such famous memes as: Disaster Girl, Bad Luck Brian, Success Kid and NyanCat were sold for a huge sums of money. Meme Disaster Girl was sold for $470,000.

Domain names

These are crypto-domains minted on a blockchain, for example – Binance Smart Chain or Ethereum. They have more than 500 domain names, where the most used is".eth". Cryptodomains do not depend on any centralized authority, thus, they are a desirable asset. They can also be used to bind crypto wallets, which is not found in domain names other than NFTs.

Personality

One of the most important characteristics of NFTs is rarity. Each NFT is unique and cannot be replaced by any other token. They can serve as unique identifiers, thereby providing reliable support for management, certification and licensing systems. Certificates and minting licenses, as well as NFTs to validate and verify a person's records, can change the identity management sector.