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What's an NFT?

NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like art, photos, collectibles, even real estate. They can only have one official owner at a time and they're secured by blockchain – no one can modify the record of ownership or copy/paste a new NFT into existenceNFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties Fungible items, on the other hand, can be exchanged because their value defines them rather than their unique properties. For example, ETH* or dollars are fungible because 1 ETH* / $1 USD is exchangeable for another 1 ETH* / $1 USD

*ETH is a cryptocurrency of the Ethereum blockchain network More on ETH

Basic Concept

NFT – Non-Fungible token. Unique token. A digital record in the blockchain that has information about the owner and the object of ownership

Using a cryptocurrency wallet with a unique account number, you can buy any token, including a unique NFT token, in a few clicks and have reliable proof of ownership and the purchased asset in your wallet. After the purchase, you can resell your asset, or use it as you wish, just like you would with any personally owned item

If you create an NFT token for a photo, it will record the creator's wallet number and information about the photo itself (file link, license, etc.) And that token can be bought by any other cryptocurrency wallet owner. The paid amount will instantly go to the author's wallet, and the buyer can use the photo according to the license

At Photocentra you can create an NFT token for your photo (Mint token) and put it up for sale (List for sale) in just a few clicks

What is all this for?

Short Overview and Swift Configuration

For a comprehensive guide, refer to the detailed instructions on the How it Works page

Ethereum – Utilized as a Level 1 blockchain

Immutable X – Employed as a Level 2 blockchain

1. To engage in the buying and selling of photos, it is essential to possess a wallet compatible with Ethereum cryptocurrency, such as Metamask. Metamask is an extension compatible with browsers like Firefox, Brave, Edge, and Chrome, accessible for installation via this link: https://metamask.io/download.html
2. Upon installation, the next step involves registering and establishing an account for Ethereum cryptocurrency. For a comprehensive, step-by-step guide, refer to this tutorial: https://dappgrid.com/metamask-tutorial/
3. IMPORTANT: During wallet creation, a 12-word phrase will be provided. Safeguard this information diligently and refrain from sharing it with others. This phrase serves as the equivalent of your PRIVATE KEY within the Metamask Wallet. Any disclosure of this data may lead to the irreversible loss of your assets

   Should you misplace this phrase, the retrieval of access to your wallet becomes impossible, resulting in the permanent loss of your assets. No entity stores information about your fund access, making it crucial to remember your password and safeguard your recovery phrase

   Once your wallet is configured and an account is established, connection to the site is facilitated through the " Connect Wallet" button located in the upper right corner. This connection is imperative for executing any operations on the site

   Upon your initial connection, Immutable will automatically register you within the system and generate a unique key. This process is automated, requiring your adherence to instructions and the signing of requests from Immutable during transactions with the block-chain

Here are some hints on the photo viewer interface that explain the meaning of buttons and mouse actions.