Nuftu

How Nuftu works

Nuftu helps you mint your own NFT in three simple steps

1
Upload your Digital Artwork

Upload your artwork (picture, drawings, movies, audio) to Nuftu.
Come up with a catchy name and description.

2
Create your Ethereum address

Nuftu will either create a new Ethereum address for you or (should you already have one) use an existing address.
Nuftu will charge you a flat fee that includes all the costs to mint an NFT on the Ethereum chain.

3
Mint your NFT

Your NFT will be minted on the Ethereum block chain. Nuftu will take care of all the details.
After minting you can print out all the details, including the address of your token, your private key etc.

What's an NFT?

In short, NFTs (non-fungible tokens) are a proof of ownership of a digital asset (a video, a picture, etc.).
A link to the asset and it's owner are irreversibly stored on a blockchain. The allure of the blockchain is that everyone can access the information on it and check who the asset belongs to, and trace back the history of its owners. But no one can change this information and cheat the rightful owner of her property.

There is a lot of information out there going into more details on what NFTs are and why they are so popular. Verge has an entertaining article on the subject.

What does 'minting' an NFT mean?

Minting is the act of publishing your NFT on the blockchain. The information of your NFT (the owner, the token number, the link to the digital data etc.) is transferred onto the blockchain where Ethereum miners will verify the data and add it to a new block of the ever growing blockchain.
The information will be stored forever on the blockchain and cannot be deleted or modified later on.

The work done by the miners costs quite a lot of computer power. The miners get paid in Ether (the official Ethereum currency) for their work.
The calculation of the cost is quite complex and depends on the available mining power, the amount of work requested (what's called gas cost and gas prices) and the current Ether conversion rate.

This is where Nuftu comes in: we take care of all of the details and work out a fair flat fee to mint your token.
You can concentrate on the art and become a crypto artist with ease.

So who actually owns an NFT?

Every NFT, once it's minted, belongs to an owner. The owner is defined by a public Ethereum address.
An address on the blockchain is similar to a username, it's calculated automatically and essentially consists of random looking letters and numbers.
The address is public, so everyone can look up to which address an NFT belongs to.

The private key, on the other hand, is the password used to access your address. As with every password, make sure to keep it secret.
Equally important: Unlike your password to your email account, you cannot change the private key. And since nobody else knows your private key, once you lose it, you lose access to your NFT.

This means: make sure to keep your private key secret and store it in a safe place.

Nuftu will by default generate a new address and private key for you and assign this address as the owner.
If you already have a private key or you want to directly send your NFT to someone else, you can use this address and assign it as the owner.

And what can I do with my NFT?

Once you have minted your NFT, you are the official owner. The owner's Ethereum address is publicly visible and is proof that you indeed hold control over the NFT.

Only the owner can transfer the NFT to someone else. That means you (and only you) can sell, auction or trade your NFT to someone else. Find out more on how to sell your NFT.

Tips and Tricks

  • Make your Artwork stand out. Make it unique. Make it interesting.
    Crypto art is no different from physical art. People want to be surprised. People want to see artistic skill and creativity.
  • Connect your Artwork to your persona.
    NFT fans want to connect to the artist. Interact with your fans, create a persona, showcase your NFT on your social network.
  • Make use of the Medium.
    Nuftu allows you to upload different types of file formats, such as still images, animated images and movies, audio files. Be creative and embrace the possibilities.