Are NFT’s Officially DEAD?

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Cetoex News – Now a days we are getting to hear a lot that NFT’s are dead but is it true before that we have to know what is NFT? how it is made like? this And What is the purpose for NFTs?

What NFT means?

Non-fungible tokens can digitally represent any asset, including online-only assets like digital artwork and real assets such as real estate. Other examples of the assets that NFTs can represent include in-game items like avatars, digital and non-digital collectibles, domain names, and event tickets.

What is the purpose for NFTs?

NFTs are individual tokens with valuable information stored in them. Because they hold a value primarily set by the market and demand, they can be bought and sold just like other physical types of art. NFTs’ unique data makes it easy to verify and validate their ownership and the transfer of tokens between owners.

How to create an NFT?

1 Follow these six steps to create an NFT from scratch.

  1. Step 1: Figure Out What You Want to Create. NFTs are typically tied to a piece of digital art. …
  2. Step 2: Choose a Blockchain. …
  3. Step 3: Set Up an NFT Wallet. …
  4. Step 4: Choose an NFT Platform. …
  5. Step 5: Create the NFT. …
  6. Step 6: List the NFT for Sale.
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Is NFTs dead October 2022?

NFTS are not dead,” analysts Gautam Chhugani and Manas Agrawal wrote, noting that well-known collections such as the Bored Ape are still holding a floor price of $100,000, and the number of active monthly users on OpenSea is stable at about 360,000, down about 35% from a high of around 550,000.