Want a Developer Job in the NFT Industry? These Are the Languages You Should Learn

If you want to be a developer in the NFT industry, you need to be able to talk the talk. We explain the key languages you need to know here.

Technology fields are responsible for large areas of job growth. As technology evolves, so do the types of jobs available. Being able to learn and adapt to new positions can make you an appealing job candidate.

NFTs are the latest technological evolution to hit the market. The usage of solana and ethereum in the NFT market has opened up new jobs for developers. Understanding the language used by NFT developers can open up new job doors for you.

Do you want to break into the NFT job market? Are you struggling to understand the language related to the NFT industry? If so, keep reading to get a clear understanding of the language you need to make it in the NFT world.

The Basics of NFTs

An NFT is a unique digital asset connected to a blockchain that is bought and sold online. Anything can be turned into an NFT, but art is the most common form. The goal is to show authenticity in a unique object, creating scarcity and value.

Fungible vs Non-Fungible

Fungible objects are objects that can be exchanged with each other. For example, bitcoin and other cryptocurrencies are fungible because each coin can be exchanged with another of equal value.

NFTs are nonfungible tokens. Unlike fungible tokens, they cannot be exchanged with anything else. Each NFT is an individual work that all have different qualities.

The nonfungible aspect of NFTs is what gives them their value. The more distinctive an NFT, the higher the value because only one of that NFT exists. The more people who want the NFT, the higher the bids and the better the future resell value.

Blockchains

A blockchain is a digital record connected to an NFT that acts as proof of ownership. Every time an NFT is bought or sold, more data is added to the blockchain. This digital record acts as a constant way to verify the authenticity of the NFT.

The blockchain is what makes an NFT different from a traditional digital image. With traditional images, there is no way to track ownership. A blockchain connected to the NFT proves ownership, so even if someone copies your image, you have proof of original ownership.

The blockchains NFTs are built on are decentralized, which means it is not controlled by a central party. The blockchain is built off of cryptocurrency technology, like ethereum and solana.

Smart Contracts

As a developer in the NFT industry, you always need to think about security.

One of the biggest security measures that developers created was a smart contract. These contracts are software programs that execute actions after the contract is complete. This is a great security measure because it makes purchases secure.

It does act as legal documentation between the seller and buyer. The NFT is hosted within the contract. Once all criteria are met, like payment is fully processed, the NFT is released to the buyer

Minting

Minting is another area that developers focus on. This is the process that turns an image into an NFT. This process needs to run smoothly to keep the NFT market going.

Minting attaches the image you want to be turned into an NFT to a blockchain and a smart contract. Artists will use a market platform to mint their NFTs because platforms work with creators to guarantee authenticity. To mint, an NFT, many platforms require artists to prove that they have original copyright over the image.

NFTs can only be minted through one platform, which prevents re-minting. Minters will also have to pay a gas fee to the site being used to mint the NFT. This is a transaction fee for both minting and hosting the NFT.

Understanding the Marketplace

There are two main types of NFT marketplaces. The first kind sells a general selection of NFTs where you can find a little bit of everything. The second kind sells a specific type of NFT that revolves around a theme, person, or subject matter.

The three most popular NFT marketplaces are OpenSea.io, Rariblle, and Foundation.

OpenSea.io is a peer-to-peer open platform that hosts a variety of NFTs. All users need to do is create an account and they can start browsing. OpenSea has one of the widest selections of NFTs and allows users to sort works by sale volume.

Rarible is another open market that lets users buy and sell NFTs on the same platform. They also issue RARI tokens that give users a chance to give feedback on rules and fees for the platform.

Foundation requires artists to receive upvotes or an indentation from an artist already on Foundation before they are allowed to post. This platform has higher gas prices for minting. The exclusivity of the platform and high usage cost makes Foundation NFTs rarer and therefore more valuable.

Both types of marketplaces require users to connect cryptocurrency wallets to their sites. This is a bank account secured by a blockchain. Users can store both cryptocurrencies and NFTs there. As a developer in the NFT industry, you can take on roles that help create more secure and user-friendly wallet options.

The Purpose of Decentralized Applications

If you work as a developer in the NFT industry, you might be engineering a decentralized application. These applications run on the blockchain. The defining characteristics of decentralized applications are being open-source, decentralized, and secure.

Open-source applications have code that is available to the public. Anyone can verify or change the code. This makes systems easy to understand and gives a sense of transparency to the NFT buying process.

After the 2008 market crash in the United States, many people lost faith in centralized platforms. These are platforms controlled by an individual authority.

What makes NFTs and cryptocurrencies appealing is that they are decentralized. This means that instead of being controlled by one authority, blockchain networks are managed by multiple users. The peer-to-peer network creates trust and makes preventing fraud easier because more people are maintaining the system.

Finally, decentralized applications are secure because they are held within a public blockchain. Even if one part of the blockchain fails, the rest can be maintained so there is no risk of failure.

Since NFTs are located on a decentralized market, anyone can buy and sell them. This makes NFTs accessible not just to smaller artists, but also to smaller buyers. A decentralized system promotes trust between users, rather than having to trust a single entity to keep everything running.

What are Stacks?

Stacks are a language that mints NFTs using smart contracts, which can make selling easier. The stack blockchain has off-chain data stored in a centralized location, but they are moving towards a decentralized application. And, instead of an image being stored in the smart contract, the address of the owner is stored.

Stacks are one of the cheapest minting methods on the market. This makes minting even more accessible to artists and creatives who don't have a lot of money.

NFTs minted on Stacks also give the user the chance to use stacking and token locking. Stacking happens when users hold onto their NFTs for as long as possible to get the value as high as possible. This isn't common practice yet, but when you're looking for jobs in the NFT field, it's a great chance to innovate within the community.

What is Solana?

Solana is a newer blockchain that supports large-scale decentralized applications. It's an open-source blockchain that wants to take advantage of technological advancements as they happen. If you want to be at the forefront of NFT blockchain technology, solana jobs are where to look.

This network supports thousands of nodes so users can constantly buy and sell the same NFT without overwhelming the network. There are strong security features, such as their Proof of Stake system. This system uses a tower of consensus to combat potentially dangerous nodes that could damage the network.

Solana runs faster and uses less power than traditional blockchains because it doesn't hold onto as much information. The faster the blockchain can be processed and the more it can hold without slowing down means more transactions can take place.

What is Ethereum?

After bitcoin, Ethereum is the most popular cryptocurrency. The majority of NFTs function on an ethereum blockchain and are bought and sold using Ether (ETH). Almost every marketplace will use ethereum because it's the most common NFT blockchain, whereas other blockchains like solana and stacks are less common.

Ethereum blockchains are used because the transaction history is publically available, so proving ownership is quick and easy. No one can edit the data after a transaction is complete which appeals to the NFT community because there is no risk of theft. Ethereum blockchains don't require a platform for NFTs to be traded because it's made for peer-to-peer exchanges.

Any product sold using ethereum can understand each other. This means you can buy an NFT on one platform and sell it using another as long as both use ethereum. The value of ethereum never decreases, so you don't have to wait for market trends to sell.

This is a classic, reliable blockchain. It isn't the fastest network, but it is convenient and accessible.

Find the Perfect NFT Jobs for Developers Today

The NFT market is constantly changing and adapting. From solana to ethereum to what a fungible token is, it's important to understand the language surrounding NFTs. NFT jobs require developers to create better platforms and make technological advances.

When you're looking for the best jobs in the NFT world, NiftyJobs is the place to go. You can filter jobs by type, location, and length. Finding the perfect job working with NFTs is just a few clicks away.

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