What is an NFT?
NFTs - short for ‘Non-Fungible Tokens’ are unique cryptographic tokens stored on blockchains. NFTs make it easy to buy, sell and trade digital assets like videos, images and more.
“Minting” and “tokenizing” refers to the process of linking the digital file to a blockchain record. NFTs provide verifiable digital scarcity, transactional authenticity and help creators monetize their digital work.
Verisart helps you turn your digital creations into NFTs on the Ethereum and Polygon blockchains. You can even sell NFTs on your Shopify store with Verisart's Shopify App.
What can I mint?
Do I need to be the creator of the work/file?
NFTs are treated under the legal principles of Intellectual property, IT, and commercial law. As a rule of thumb, you cannot mint NFTs of creations or creations for which you do not own the copyright. Creators hold copyright over their own creations by default.
What file types are supported?
Creators have made digital creations, photographs, videos and much more into NFTs. Verisart currently supports the following file types:
.jpg, .png, .gif
Verisart.com : 40MB, 40MP
Shopify App: 20MB
Types of NFT smart contracts
ERCs (Ethereum Request for Comment) are documents that outline the rules and frameworks to create and implement smart contracts. There are two main categories pertaining to NFTs: ERC-721 and ERC-1155. Verisart supports both:
Ethereum token standard used to create non-fungible tokens (NFTs). ERC-721 tokens are unique and cannot be divided or exchanged for another token. Unlike ERC-1155s, ERC-721s do not support fungibility.
An Ethereum token standard that can create tokens that are fungible (i.e. currencies) and non-fungible (i.e. digital cards). In the NFT space, it’s frequently used for editions.
What can buyers do with NFTs?
Unless specifically provided, the purchase of an NFT does not give the buyer the right to every copy of the underlying work, nor the right to reproduce, distribute, commercially exploit, publicly perform, or publicly display the NFT or objects included as part of the work.
What to create your own NFTs? Read our Getting Started Guide