An NFT is a unit of data stored on a digital ledger, called a blockchain, which can be sold and traded. The NFT can be associated with a particular digital or physical asset (such as a file or a physical object) and a license to use the asset for a specified purpose. An NFT (and the associated license to use, copy or display the underlying asset) can be traded and sold on digital markets. The extralegal nature of NFT trading usually results in an informal exchange of ownership over the asset that has no legal basis for enforcement, often conferring little more than use as a status symbol.
NFTs function like cryptographic tokens, but, unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs are not mutually interchangeable, hence not fungible. While all bitcoins are equal, each NFT may represent a different underlying asset and thus may have a different value. NFTs are created when blockchains string records of cryptographic hash, a set of characters identifying a set of data, onto previous records, therefore, creating a chain of identifiable data blocks. This cryptographic transaction process ensures the authentication of each digital file by providing a digital signature that is used to track NFT ownership. However, data links that point to details such as where the art is stored can be affected by link rot.
Step 1. Go to the Metamask website.
Step 2. Click “Get Chrome Extension” to install Metamask.
Step 3. Click “Add to Chrome” in the upper right.
Step 4. Click “Add Extension” to complete the installation.
You will know Metamask has been installed when you see the fox logo on the upper right-hand corner of your browser.
If you are new to Metamask, here’s a complete guide including adding Binance Smart Chain in metamask: https://docs.binance.org/smart-chain/wallet/metamask.html
1. Go to https://www.bakeryswap.org/ and connect your MetaMask account (make sure that you are Binance smart chain network)
2. Go to the left side of your screen and click NFT marketplace.
3. Select mint artwork.
4. Enter the details of your NFT. In this example will be a picture but you can choose something else.
5. Upload the artwork, tick the box and mint your NFT.
6. Confirm om MetaMask to mint the NFT
7. Now when you have minted your NFT go to the NFT marketplace and press my artwork.
8. Click pending
9. Confirm in MetaMask