{"id":12185,"date":"2022-02-01T13:58:45","date_gmt":"2022-02-01T09:58:45","guid":{"rendered":"https:\/\/www.cs-cart.com\/blog\/?p=12185"},"modified":"2025-07-18T16:38:36","modified_gmt":"2025-07-18T12:38:36","slug":"non-fungible-tokens-how-to-start-nft-marketplace-like-opensea","status":"publish","type":"post","link":"https:\/\/www.cs-cart.com\/blog\/non-fungible-tokens-how-to-start-nft-marketplace-like-opensea\/","title":{"rendered":"Non-Fungible Tokens: How to Create NFT Marketplace like OpenSea"},"content":{"rendered":"\n

Would you buy a digital image for $69,000,000?<\/p>\n\n\n\n

Well, someone definitely would. In 2021, a now-famous digital artist Beeple whose actual name is Mike Winkelmann sold his artwork<\/a> on the Christies auction for this price. It was a collage that united 5,000 pictures that Beeple was creating every day from 2007 to the day of sale.<\/p>\n\n\n\n

Here it is by the way:<\/strong><\/p>\n\n\n\n

\"\"
EVERYDAYS: THE FIRST 5000 DAYS by Beeple<\/em><\/figcaption><\/figure>\n\n\n\n

What makes this piece of digital art so precious? It is unique. <\/strong>You can copy this picture and paste it into an article or save it to your hard drive. But you won\u2019t own it. That\u2019s because the original digital picture has a \u201ccertificate of authenticity\u201d, which is an NFT<\/strong>.<\/p>\n\n\n\n

In this article, you\u2019ll learn what an NFT is, how it works, how and why people use them, and how you can benefit from this technology. If you’re planning to create NFT marketplace like OpenSea, understanding how NFTs work is the first crucial step.<\/p>\n\n\n\n

In 2021, NFT art sales reached 1.5 million per month<\/b><\/span> counting 11 million<\/b><\/span> for the whole 2021. 2022 can be even hotter.<\/p>\n\n\n\n

\"\"
Chart by Codica<\/a><\/figcaption><\/figure>\n\n\n\n
<\/div>\n\n\n\n

<\/span>What\u2019s an NFT token?<\/span><\/h2>\n\n\n\n

NFT is an abbreviation for N<\/strong>on-F<\/strong>ungible T<\/strong>oken. Basically, a token is a piece of information that is associated with some digital content. It\u2019s a digital signature for a real-world object. It could be digital art, music, texts, sport cards, digital collectables, and even tweets. Yeah, people sell their tweets.<\/p>\n\n\n\n

An NFT item is unique and you can\u2019t replace it with another item. It\u2019s just like physical art: there\u2019s only one original Mona Lisa painting and thousands of copies.<\/p>\n\n\n\n

In the physical world, everyone knows that the original painting is in the Louvre Museum. But in the digital world, you can\u2019t tell if the piece of art you\u2019re looking at is original. An NFT associated with this piece of digital art makes it the \u201coriginal Mona Lisa\u201d.<\/p>\n\n\n\n

NFT works on the Ethereum blockchain<\/b>. They are created by the ERC-721 and ERC-1155 standards. The standardization of the NFT issuance allows for higher interoperability\u2014non-fungible tokens can be transferred between multiple decentralized systems.<\/p><\/div>\n\n\n\n

<\/div>\n\n\n\n

<\/span>What are the beneficial properties of NFTs?<\/span><\/h2>\n\n\n\n

NFTs are unique and irreplaceable. You can\u2019t exchange one token to another. You can\u2019t copy and fake it. Let\u2019s see why NFTs have become so popular among digital content creators.<\/p>\n\n\n\n