To launch a PFP NFT (Profile Picture Non-Fungible Token), several steps need to be followed. Firstly, the artist or creator must design and create the digital artwork that will serve as the NFT. This could include illustrations, animations, or other forms of digital art. Once the artwork is ready, it needs to be minted onto a blockchain platform, typically utilizing a blockchain network like Ethereum or Solana. This involves converting the artwork into a unique token with a distinct identity and ownership. The artist can then select a marketplace or platform, such as OpenSea or Rarible, to list and sell their PFP NFT. When the NFT is on sale, collectors or buyers can purchase it using cryptocurrency. Once a sale is made, the ownership of the PFP NFT is transferred to the buyer, and they can use it as their profile picture on social media platforms or display it in their digital art collection.
This mind map was published on 19 September 2023 and has been viewed 92 times.