An NFT is a non-fungible token. They are tokens that we use to represent the ownership of distinct items. The term “non-fungible” means 100% unique - each NFT has its own unique code. You can think of them like the deed for a piece of real estate or the title for your car.
Today, NFTs are hugely popular in the art world, with the top NFT sale in 2021 fetching $69 million at Christie’s.
NFTs are secured by the blockchain. Omakasea’s generative NFTs are ERC-721 tokens on the Ethereum blockchain.
You can read more about NFTs on Ethereum.org.
Generative NFTs are developed through creative coding. The key elements of the work are created by the artist, and their code allows each NFT to be generated with completely unique traits based on the “menu” of elements set by the artist. Every collector gets a unique version of their chosen project each time they mint, based on the creative code.
No two generative NFTs are the same. They intentionally introduce randomness and gamification into the creative process because neither the artist nor the creator knows what the end result will be.
Every generative NFT is a unique collaboration between the artist, the collector, and the code. Will yours be the next big thing?
<aside> 👨🏻🍳 Want to know more about DAOs?
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Now that you have a little understanding of NFTs, it’s time to get started on assembling your first collection.