International NFT Day 2023: NFTs, or non-fungible tokens, are unique digital assets that are stored on a blockchain. This means that they are tamper-proof and can be easily transferred between owners. September 20th is officially recognized as International NFT Day. This day is used to celebrate the growth and adoption of NFTs, as well as the community that has formed around them.
International NFT Day Theme 2023
The theme of International NFT Day 2023 has not been officially released yet by the International NFT Day organisation. The same is going to be focused on the importance and future of non-fungible tokens and digital assets.
International NFT Day History
Let’s have a look at the timeline of International NFT Day and how this day came into the picture.
| Month | Year | Event Description |
|---|---|---|
| May | 2014 | The First NFT “Quantum” is Minted |
| October | 2015 | The First NFT Smart Contract Goes Live |
| June | 2017 | Larva Labs Launches Free to Claim Cryptopunks |
| September | 2017 | NFTs are Born with ERC-721 Proposal |
| November | 2017 | CryptoKitties Claw Their Way onto Ethereum |
| December | 2017 | Sailing the OpenSea |
| July | 2018 | NFT.NYC Conference Kicks Off |
| May | 2020 | Flow Blockchain Becomes Operational |
| October | 2020 | NBA Top Shot is Nothing But Net |
| April | 2021 | Bored Apes Live on the Blockchain |
| October | 2021 | NFTs are More Than Doodles |
| September | 2022 | NFT Day Becomes an Officially Recognized Holiday |
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What is an NFT?
An NFT, or non-fungible token, is a digital asset that represents ownership of a unique item. NFTs are stored on a blockchain, which is a decentralized ledger that records all transactions. This means that NFTs are tamper-proof and can be easily transferred between owners.
NFTs can be used to represent ownership of any digital asset, such as images, videos, music, and in-game items. They are becoming increasingly popular as a way to collect and trade digital art and collectibles.
Here are some examples of what NFTs are being used for today:
- Digital art: NFTs are being used to sell and trade digital art. This has opened up new opportunities for artists to monetize their work and for collectors to own unique digital artworks.
- In-game items: NFTs are being used to represent ownership of in-game items. This allows gamers to trade and sell in-game items with each other, and it also gives them more control over their digital assets.
- Music: NFTs are being used to sell and trade music. This gives musicians a new way to monetize their music and to connect with their fans.
NFTs are still a relatively new technology, but they have the potential to revolutionize the way we own and interact with digital assets.
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Where does an NFT live?
NFTs live on a blockchain, which is a decentralized ledger that records all transactions. This means that NFTs are not stored in a central location, but rather on a network of computers distributed around the world.
When you buy an NFT, you are actually buying the unique identifier of the asset on the blockchain. This identifier is called a token ID, and it is what allows you to prove ownership of the asset.
The actual digital asset itself, such as an image or video, is typically stored on a decentralized storage platform such as IPFS. This means that the asset is not stored in any one place, but rather on a network of computers distributed around the world.
When you view an NFT, you are actually viewing a copy of the asset that is stored on a decentralized storage platform. The token ID in the NFT is used to locate the asset on the storage platform and retrieve a copy of it.
It is important to note that not all NFTs are created equal. Some NFTs are stored on more reliable and secure blockchains than others. Some NFTs are also stored on more reliable and secure decentralized storage platforms than others.
When you are buying an NFT, it is important to do your research and make sure that the NFT is stored on a reliable and secure blockchain and decentralized storage platform.
What makes NFTs unique?
NFTs are unique because they are non-fungible, which means that they cannot be replaced with another NFT. This is in contrast to fungible assets, such as money, which can be replaced with another asset of the same value.
Each NFT has a unique identifier, which is stored on a blockchain. This identifier makes it impossible to counterfeit or duplicate an NFT.
NFTs can be used to represent ownership of any digital asset, such as images, videos, music, and in-game items. This makes them a powerful tool for artists, musicians, and gamers to monetize their work and for collectors to own unique digital assets.
Here are some of the things that make NFTs unique:
- Authenticity: NFTs are linked to a specific digital asset, which makes it easy to verify their authenticity.
- Ownership: NFTs provide clear and verifiable ownership of digital assets.
- Scarcity: NFTs can be used to create scarcity, which can make digital assets more valuable.
- Transferability: NFTs can be easily transferred between owners.
- Immutability: NFTs are stored on a blockchain, which makes them tamper-proof.
NFTs are still a relatively new technology, but they have the potential to revolutionize the way we own and interact with digital assets.
How do you start your NFT collection?
To start your NFT collection, you will need to:
- Choose a blockchain. NFTs can be stored on a variety of blockchains, such as Ethereum, Solana, and Polygon. It is important to choose a blockchain that is reliable, secure, and has a good selection of NFT marketplaces.
- Set up a wallet. You will need to set up a wallet to store your NFTs. There are a number of different wallets available, such as MetaMask and Coinbase Wallet.
- Fund your wallet. You will need to fund your wallet with cryptocurrency in order to buy NFTs. The cryptocurrency that you need will depend on the blockchain that you have chosen.
- Choose an NFT marketplace. There are a number of different NFT marketplaces available, such as OpenSea and Rarible. It is important to choose a marketplace that has a good selection of NFTs and that is easy to use.
- Browse NFTs. Once you have chosen an NFT marketplace, you can start browsing NFTs. You can filter NFTs by category, price, and other criteria.
- Buy an NFT. Once you have found an NFT that you want to buy, you will need to connect your wallet to the marketplace and pay for the NFT with cryptocurrency.
Once you have bought an NFT, it will be stored in your wallet. You can then view your NFT collection in your wallet or on the NFT marketplace where you bought it.
NFT collecting can be a fun and rewarding hobby. By following these tips, you can start your own NFT collection today.
Why is September 20th International NFT Day?
On September 20, 2017, Dapper Labs’ Chief Technical Officer, Dete Shirley, introduced the ERC-721 standard, the foundation upon which NFTs are constructed. Within this proposal, the concept of Non-Fungible Tokens was initially formulated. Since that momentous occasion, NFTs have evolved into a phenomenon, showcasing remarkable sports highlights, awe-inspiring artworks, enthusiastic communities, and groundbreaking concepts. In many respects, September 20th marks the birth of NFTs, and that’s why we commemorate this significant milestone.
How to mint an NFT for free?
There are a few different ways to mint an NFT for free.
One way is to use a platform that offers free minting. Some popular platforms that offer free minting include:
- Polygon: Polygon is a blockchain that is compatible with Ethereum, but it has lower gas fees. This makes it a good option for minting NFTs for free.
- Rarible: Rarible is an NFT marketplace that offers free minting for certain collections.
- Mintable: Mintable is another NFT marketplace that offers free minting for certain collections.
To mint an NFT for free on one of these platforms, you will need to create an account and connect your wallet. Once you have done this, you will be able to create a new NFT and mint it for free.
Another way to mint an NFT for free is to participate in a giveaway. Many NFT projects give away NFTs to their community members. To find out about NFT giveaways, you can follow NFT projects on social media and join their Discord communities.
Finally, you can also mint an NFT for free by creating your own NFT collection. To do this, you will need to create a smart contract. This can be a complex process, but there are a number of resources available to help you get started.
Here are some additional tips for minting an NFT for free:
- Be aware of the gas fees. Even though you are minting an NFT for free, you may still need to pay gas fees. Gas fees are the fees that are paid to the miners who process transactions on the blockchain.
- Do your research. Before you mint an NFT, it is important to do your research and learn about the project. This includes learning about the team behind the project, the roadmap for the project, and the community around the project.
- Be patient. It may take some time to mint an NFT for free. Be patient and keep trying.
Minting an NFT for free can be a great way to get started in the NFT space. By following these tips, you can mint your first NFT for free today.
FAQs on International NFT Day
An NFT, or non-fungible token, is a unique digital asset stored on a blockchain, representing ownership of a distinct item, whether it’s digital art, music, in-game items, or more.
NFTs reside on a blockchain, a decentralized ledger distributed across a network of computers worldwide. The actual digital asset is often stored on decentralized storage platforms like IPFS.
NFTs are unique because they are non-fungible, meaning they cannot be replaced with another NFT. Each NFT has a unique identifier on a blockchain, ensuring authenticity, ownership, scarcity, transferability, and immutability.
To begin your NFT collection, follow these steps:
Choose a reliable blockchain.
Set up a wallet for storing NFTs.
Fund your wallet with cryptocurrency.
Select an NFT marketplace.
Browse and purchase NFTs of your choice.
September 20th marks the birth of NFTs as Dapper Labs’ Chief Technical Officer introduced the ERC-721 standard, laying the foundation for NFTs. This significant milestone in NFT history is celebrated as International NFT Day.
You can mint an NFT for free by using platforms that offer free minting, participating in NFT giveaways, or creating your own NFT collection with a smart contract. Be aware of gas fees, do thorough research, and be patient throughout the process.