Post by Admin on Nov 8, 2023 8:33:02 GMT
Making an NFT on the TFC blockchain works differently from the Etherium Blockchain. However, this method can be used for most blockchains including the Bitcoin and Litecoin networks.
Creating an NFT (Non-Fungible Token) on the True Freedom Coin (TFC) Blockchain involves several steps. This tutorial will guide you through the process of creating and selling an NFT on the TFC Blockchain.
Creating an NFT:
Step 1: Create an Original Digital Artwork
Before you can create an NFT, you need to have an original digital artwork ready. This could be a digital painting, photograph, or any other digital creation.
Step 2: Create a Paper Wallet
A paper wallet is a secure way to store your TFC cryptocurrency. Follow these steps to create a paper wallet:
Visit the True Freedom Coin website or use a TFC wallet application that supports paper wallet generation.
Generate a new paper wallet.
Print the paper wallet or write down the public and private keys securely. Make sure to keep the private key secret.
Step 3: Copy the file and add a QR code to the image for the seller to scan
Step 4: Encode the public key into the image.
To encode the public key, follow these steps:
a. Open Command Prompt (CMD) on your Windows computer.
b. Navigate to the directory where you saved your digital artwork using the cd command. For example, if your image is in the "NFT" folder on your desktop, you can navigate to that folder by typing:
c. You can use the following command to add text to your image [echo "Your Public key" >> "ImageName.jpg/png] :
example:
Replace "Your Public Key" with your actual TFC public key and "ImageName.jpg/png" with the name of your image file.
d. To check if the image encoded correctly, you can open it with Notepad:
i. Right-click on the image.
ii. Select "Open with" and choose "Notepad."
iii. Scroll down to the bottom of the text, and you should find the public key you added.
Step 5: Place Files in the Same Folder
Place the original digital artwork, the NFT image with the QR code and public key, and the paper wallet in the same folder.
Selling the NFT Image:
Step 1: The Buyer Transfers Funds
The buyer should transfer the agreed-upon amount of TFC cryptocurrency to the public key embedded in the NFT image. This public key is associated with the paper wallet you created.
Step 2: The Seller Transfers Funds
The seller can use the private key from the NFT paper wallet to transfer the received funds to their own separate wallet. This private key should be kept securely.
Step 3: Send Files to the Buyer
After the funds have been transferred to the seller's wallet, the seller should send the original image file, the NFT image with the embedded QR code and public key, and the paper wallet connected to the NFT to the buyer through a secure and agreed-upon method, such as email or a file-sharing service.
Now, the buyer has the NFT with the associated public key and can claim ownership on the True Freedom Coin (TFC) Blockchain. The NFT is backed by the original digital artwork and is ready to be bought and sold in the blockchain marketplace.
FAQ
Can NFTs Be Copied or captured with a screenshot?
No as long as the owner doesn't leak the original image file to the internet, the NFT can't be counterfeited.
Can't people just change the encoding in the image?
No, because only the QR version of the encoded image will be leaked publicly. Note both the original and QR version of the image are encoded with the same public key. Therefore if scammers try to change the encoding on the public QR image, it won't match that of the original, which is kept private.
Creating an NFT (Non-Fungible Token) on the True Freedom Coin (TFC) Blockchain involves several steps. This tutorial will guide you through the process of creating and selling an NFT on the TFC Blockchain.
Creating an NFT:
Step 1: Create an Original Digital Artwork
Before you can create an NFT, you need to have an original digital artwork ready. This could be a digital painting, photograph, or any other digital creation.
Step 2: Create a Paper Wallet
A paper wallet is a secure way to store your TFC cryptocurrency. Follow these steps to create a paper wallet:
Visit the True Freedom Coin website or use a TFC wallet application that supports paper wallet generation.
Generate a new paper wallet.
Print the paper wallet or write down the public and private keys securely. Make sure to keep the private key secret.
Step 3: Copy the file and add a QR code to the image for the seller to scan
Step 4: Encode the public key into the image.
To encode the public key, follow these steps:
a. Open Command Prompt (CMD) on your Windows computer.
b. Navigate to the directory where you saved your digital artwork using the cd command. For example, if your image is in the "NFT" folder on your desktop, you can navigate to that folder by typing:
cd Desktop\NFTc. You can use the following command to add text to your image [echo "Your Public key" >> "ImageName.jpg/png] :
example:
echo "147MYMwLEFUBX2eVTujoqYTJdr8nRQKWa9" >> "Sunrise.png"Replace "Your Public Key" with your actual TFC public key and "ImageName.jpg/png" with the name of your image file.
d. To check if the image encoded correctly, you can open it with Notepad:
i. Right-click on the image.
ii. Select "Open with" and choose "Notepad."
iii. Scroll down to the bottom of the text, and you should find the public key you added.
Step 5: Place Files in the Same Folder
Place the original digital artwork, the NFT image with the QR code and public key, and the paper wallet in the same folder.
Selling the NFT Image:
Step 1: The Buyer Transfers Funds
The buyer should transfer the agreed-upon amount of TFC cryptocurrency to the public key embedded in the NFT image. This public key is associated with the paper wallet you created.
Step 2: The Seller Transfers Funds
The seller can use the private key from the NFT paper wallet to transfer the received funds to their own separate wallet. This private key should be kept securely.
Step 3: Send Files to the Buyer
After the funds have been transferred to the seller's wallet, the seller should send the original image file, the NFT image with the embedded QR code and public key, and the paper wallet connected to the NFT to the buyer through a secure and agreed-upon method, such as email or a file-sharing service.
Now, the buyer has the NFT with the associated public key and can claim ownership on the True Freedom Coin (TFC) Blockchain. The NFT is backed by the original digital artwork and is ready to be bought and sold in the blockchain marketplace.
FAQ
Can NFTs Be Copied or captured with a screenshot?
No as long as the owner doesn't leak the original image file to the internet, the NFT can't be counterfeited.
Can't people just change the encoding in the image?
No, because only the QR version of the encoded image will be leaked publicly. Note both the original and QR version of the image are encoded with the same public key. Therefore if scammers try to change the encoding on the public QR image, it won't match that of the original, which is kept private.