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NFT stands for non-fungible tokens like BEP-721 (a smart contract standard) tokens which are hosted on Binance's Binance Smart Chain. NFTs are unique digital items such as collectibles or artworks or game items. As an artist, by tokenizing your work you both ensure that it is unique and brand it as your work. The actual ownership is blockchain-managed.
If you want to go in-depth into NFTs, I suggest this read: https://opensea.io/blog/guides/non-fungible-tokens/
The process of tokenizing your work (art, music,collectables ,video,real state etc.) and creating an NFT (see above).
We are building a next-gen, dedicated and fully decentralized NFT Marketplace for NFT creators, collectors and enthusiasts. Our platform is synergizing DeFi and gamified protocols to achieve a fully autonomous and loyalty driven marketplace - NFTmall.
Yes, you can and it is up to you if you decide to sell it later or not.
Absolutely, price of NFTs / Collectables can be modified any time of your wish! Also you can lower the price free of transaction costs at any time. You just need to sign the signature request via your wallet.
Yes, The BEP-721 standard does not only allow the creation of NFTs, but also includes a possibility to destroy them - i.e. burning the token. By burning you can redeem it in to a physical form. e.g printed canvas, t-shirt etc
Yes, Creators are free to choose choose any royalties they want. Whether 10% or 90% it's up to your choice.