Create an NFT and upload your metadata to IPFS

The non-fungible token (NFT) industry has rapidly evolved, transforming from a novel concept to a significant digital phenomenon, highlighted by high-value sales like Figma CEO Dylan Fields' NFT art and Twitter ex-CEO Jack Dorsey's first tweet. NFTs, based on the ERC-721 standard, represent unique, non-interchangeable digital assets stored on a blockchain, distinguishing them from fungible tokens like Bitcoin. The process of creating NFTs involves generating JSON metadata, storing images on the InterPlanetary File System (IPFS), and minting them on a blockchain like Ethereum using tools such as Tatum, which helps avoid high gas fees associated with storing large data on the blockchain. The decentralized nature of IPFS ensures the immutable storage of digital assets, making NFTs a durable and secure form of ownership. The article also introduces the Tatum API for minting NFTs and highlights the role of LogRocket in enhancing Web3 applications by monitoring user experience and debugging issues efficiently.