how much does it cost to create an nft
It's important to start by defining what an NFT is. Since this term is typically understood as a token, a cryptocurrency which trades on the open market similar to Bitcoin or Ethereum, we'll use "NFT" as shorthand for "NFTs." What are NFTs?NFTs are digital assets that exist solely within software systems. Image source: cointelegraph.com They can be physical objects that exist in the real world such as artworks, collectibles, and toys; they can also be non-physical objects such as virtual cards and clothing items. There are many different types of NFTs from different categories including games and art projects which have been monetized through cryptoeconomic designs. Image source: decrypt.co The average cost to create an NFT token is around $5,000. This includes the following steps:-Selecting the NFT type (ERC721 or ERC1155) -Providing artwork for the item card -Coding the system logic of the game or application with a developer partner -Testing with diff