The document discusses 5 key facts about non-fungible tokens (NFTs). It notes that each NFT is unique, forgeries do not exist on the blockchain, anything digital can potentially be converted to an NFT, listing NFTs requires minting them on a platform, and OpenSea allows free minting but charges a fee on final sales. It concludes by advertising legal consulting services for launching new NFT marketplaces.

1. F I N L A W C O N S U L T A N C Y
W W W . F I N L A W . I N
5 FACTS YOU NEED
TO KNOW ABOUT
NFTS
NON FUNGIBLE TOKENS
NFT's have changed how we
think about digital assets,
legitimizing their ownership
and securing their sale.
#NFTFACTS

2. EACH NFT IS
UNIQUE
1
F I N L A W C O N S U L T A N C Y
W W W . F I N L A W . I N
NON FUNGIBLE TOKENS
NFTs, unlike
cryptocurrencies, are
unique. Each NFT created is a
verifiably unique asset
worth as much as someone
is prepared to pay for it,
often following the Ethereum
token standard of ERC-721.
#NFTFACTS

3. FORGERIES DO
NOT EXIST IN THE
REALM OF NFTS
2
F I N L A W C O N S U L T A N C Y
W W W . F I N L A W . I N
NON FUNGIBLE TOKENS
NFTs solve the problem of
fake arts by allowing artists
to show provenance and
establish a chain of
ownership by utilizing the
blockchain’s ledger.
#NFTFACTS

4. ANYTHING DIGITAL
CAN BE CONVERTED
INTO AN NFT
3
F I N L A W C O N S U L T A N C Y
W W W . F I N L A W . I N
NON FUNGIBLE TOKENS
Anything digital has the potential
to become an NFT. Domain
names, assets, tweets, music, and
movies, to mention a few, may
all be connected to a smart
contract to confirm ownership.
#NFTFACTS

5. LISTING NFTS
ENTAILS MINTING
4
F I N L A W C O N S U L T A N C Y
W W W . F I N L A W . I N
NON FUNGIBLE TOKENS
Minting is the process
through which your
artwork, collectible, music,
film, domain, or other item is
added to the blockchain.
Several markets, such as
OpenSea, are used to
complete the procedure.
#NFTFACTS

6. OPENSEA
ALLOWS FREE
NFT MINTING
5
F I N L A W C O N S U L T A N C Y
W W W . F I N L A W . I N
NON FUNGIBLE TOKENS
OpenSea, unlike other
platforms, does not impose a
fee to mint NFTs. To
differentiate itself, the
platform charges a payment
on the final sale price, which
is presently 2.5%.
#NFTFACTS

7. LAUNCH NEW NFT
MARKETPLACE
WITH FINLAW
F I N L A W C O N S U L T A N C Y
W W W . F I N L A W . I N
#LEGALHELP
Finlaw's NFT Legal
Consultant will empower the
digital content generators
and asset holders to grow in
a popular terrain without
depending upon hosting
agents.
#NFTCONSULTING
Lawyer & International
Regulatory Expert
ADV. P.M. MISHRA