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The WP NFT Maker helps you enlist any number of NFTs to list on your woocommerce website for the purpose of selling. Once a purchase is made, the NFT is minted on the selected blockchain according to the pricing for the same and the ownership is transferred. It is extremely easy to use as it follows the same workflow as that of any product on ecommerce sites. You can learn more from here
The WP NFT Maker offers free IPFS metadata storage up to 50 MB for all files i.e. video, audio, image, etc. IPFS (InterPlanetary File System) is not built on blockchain but designed to work with existing blockchain protocols. It uses a P2P decentralized network wherein backup files are hosted across numerous nodes making it resistant to a centralized point of failure.
The WP NFT Maker allows for Lazy Minting of NFTs on your WordPress website. This means that the NFT minting process is done ‘Just In Time’ (JIT). The NFT is available off-chain for sale on your ecommerce site and only gets minted on purchase. Therefore, the seller does not have to pay gas fees to mint their NFT, and only pay after the purchase.
You have a choice to mint the NFTs on the blockchain of your choice. You can choose 1 from the following 5 blockchains:
Ethereum, Binance Smart Chain (BSC), Celo, Polygon (MATIC) & Harmony (ONE), to mint the NFT.
Non-Fungible tokens (NFTs) are cryptographic assets based on blockchain technology with unique ID codes and metadata. Unlike other cryptographic assets, NFTs are non-fungible which means they can neither be replaced nor interchanged because they have unique properties. NFTs can also replicate real-world assets like works of art, real estate, etc. NFTs help make transactions involving these real-world tangible assets more efficient and reduce the probability of fraud.
NFTs just like any other cryptographic asset generally tend to be extremely secure. Hacking NFTs is next to impossible and impractical, due to the distributed nature of the blockchain technology. NFTs’ unique data makes the process of verification and validation of their ownership and the transfer of tokens between owners very easy and without compromising on their security aspects.
NFTs can be used for transactions regarding a multitude of assets like:
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