invest in nft

Here’s why the Binance NFT platform is successful.

Less than a year since its launch, Binance’s NFT Marketplace has quickly grown into one of the leading NFT trading platforms globally, boasting over a million users. That’s even with Binance’s swastika gaffe. Here’s why.

How to Build a Successful NFT Platform In Months.

In June 2021, Binance launched its non-fungible token (NFT) marketplace. The idea was to capitalize on the mainstream euphoria surrounding digital assets and collectibles. 2.5 million NFTs and over 1000 creators later, cryptocurrency that idea has grown into a huge success and made Binance a global NFT trading powerhouse.

If you adored this information and you wish to be given details relating to invest in nft i implore you to check out our own website. During a recent interview at the two-day Paris Blockchain Week Summit (PBWS), the head of Binance’s NFT platform, Helen Hai, discussed the early inspiration for the NFT platform, her vision for cryptocurrency regulatory communications, and other related topics.

According to Helen, the platform’s initial inspiration stemmed from the potential of an artistic renaissance through blockchain technology.

«Six months down the line, we have accumulated millions of users and have innovated the mystery box and the gaming industry’s initial game offering (IGO) model. We’re still in the learning stage, but we’re working with our users every day on how we can help creators to get more connected with them.»

«For us, it’s very much 2% strategy and 98% implementation,» she said when speaking of the company’s optimistic value of idea creation and their learn-as-you-go deployment style.

Helen stated that the platform’s success is partly due to the empowering support of Binance founder and CEO Chaopeng Zhao, known as CZ.

«CZ really empowers leaders like myself. If I have a good idea, he says, Helen, why don’t you just try it, and you’ll prove yourself.»

Bridging the Gap through Web3.

During the second industrial revolution, the Asian economy capitalized on the existing growth potential by prioritizing job creation for the lower and middle classes.

Although the internet era – typically referenced as Web2 – contributed significantly to widening digital economic disparities between different societal groups, Hai stated that this previous phenomenon could also be re-established through Web3 technologies.

Hai had this to say, on the prospect of engaging in constructive, open dialogue with regulators in the crypto and NFT space and on the possible hurdles of education literacy and government advocacy.

«We need to get people in the crypto industry to find a good way to communicate everything we’ve done well and the things we need to improve to the regulators, and the regulators should also learn what is happening, what is actually achieving values and how they can use regulations to protect the users.»

A Sign of Greater Things to Come.

If we learned one thing from Helen Hai’s interview at the Paris Blockchain Week Summit (PBWS), it’s that, more than anything; a team of individuals who have total belief in you is an underrated aspect of building a successful business. CZ’s unwavering faith in Helen gave her all the ammunition she needed, and the success of Binance’s NFT Marketplace is proof.

Best NFT Marketplaces.

NFTs (non-fungible tokens) have quickly become all the rage in art and cryptocurrency circles. The industry has created a new industry and is making millionaires out of digital artists. With NFT sales reaching millions, like Beeple’s $69 million sales to 8-bit Cryptopunks selling for over $11 million, artists and investors are flocking to NFT marketplaces.

Unfortunately, NFT marketplaces are popping up everywhere. How do you know which ones are safe and secure to buy an NFT on? What are the top NFT marketplaces? Below, we’ve highlighted some of the best NFT platform available. They offer excellent security, unique art, and plenty of opportunities for new artists and investors to take advantage of the current NFT craze.

What is NFT.

NFT stands for «Non Fungible Token» and refers to digital assets that cannot be easily duplicated or copied . The term was coined by Ethereum cofounder Vitalik Buterin in 2014. Nonfungible tokens are used in smart contracts to represent ownership rights of real world items such as property, art, collectibles, etc. A digital asset like a game item, virtual currency, or collectable card cannot be exchanged for anything else. The Ethereum blockchain allows users to create smart contracts that allow them to trade these assets.

Best NFT Marketplace.

Choosing an NFT marketplace doesn’t have to be stressful. Whether you are looking for the biggest online marketplace to sell your NFT art piece or want to invest in unique and original NFTs before they hit the mainstream, there is an NFT space out there that will meet your needs.

Some of the most popular NFT trading platform include OpenSea, Rarible, SuperRare, Nifty Gateway, Foundation, and MakersPlace.

1. OpenSea.

Founded in 2017, OpenSea claims to be the largest NFT marketplace in the world . They boast over 300K users and 34 million NFTs in 1 million collections. With a market valuation of over $1.5 billion, OpenSea is the whale of the industry.

From amateurs starting their NFT journey to famous investors, musicians, and entrepreneurs, you will find many different people using OpenSea as their only NFT marketplace. Some of the most famous users include Mark Cuban, 3LAU, Tim Ferriss, and Ashton Kutcher. There is no shortage of the most popular and sought-after NFT collections and NFT projects on OpenSea.

Creating and selling an NFT on OpenSea is relatively straightforward and user-friendly . You set up your wallet, add your NFTs, create a collection, and list them for sale. OpenSea lets you use some of the most popular wallets, including MetaMask, Coinbase Wallet, TrustWallet, and Portis. You’ll have no issues signing up and paying for NFT creations or NFT art on OpenSea.

Fees on OpenSea are straightforward as well. You will need to pay a one-time account initialization fee before you can list anything on the OpenSea Market. Once initialized, you can now mint and sell NFTs .

Gas fees apply to various transactions , including accepting an offer, transferring an NFT, buying an NFT, canceling a listing, or canceling a bid. Gas fees can vary by the minute, and you should check current gas fees before completing any transaction to avoid paying high fees.

Pros and Cons.

We find OpenSea best for beginners and collectors looking to buy and sell a wide range of NFTs. It has the most extensive collections and some of the most sought-after NFTs on the market. OpenSea also has competitive commissions and some of the best security in the industry.

While gas fees might be expensive, OpenSea offers free NFT creation . This feature makes it great for artists on a budget. You only need to pay fees once your NFT sells .

Unfortunately, you do need to pay for all transactions in cryptocurrency , and a crypto wallet is required to do any transactions on their network. This factor could deter some users from using OpenSea.

2. Rarible.

Rarible is quickly rising to be one of the top decentralized NFT marketplaces in the world. The network uses its native crypto, Rarible Token. Launched in 2020, Rarible is open-source and allows users to buy, mint, and sell a wide range of digital items from crypto art, memes, metaverse, to custom domain names.

Rarible has some of the newest and most popular collections available. There are many collections with over $100 million in transactions over 30 day periods on Rarible.

All transactions on Rarible are performed on the Ethereum blockchain . You use Rarible to exchange ownership of your items. There is no intermediary, and Rarible simply acts as a platform for the interaction.

Rarible allows you to choose from seven different wallets for transactions, including MetaMask, Torus, Portis, My Ether Wallet, Formatic, Coinbase Wallet. Choose your favorite wallet, and you can start minting, buying, and selling NFTs in no time.

Rarible also has its cryptocurrency called RARI . Owning RARI tokens allows you to propose and vote on platform upgrades. Buyers and interest NFT projects sellers receive airdrop tokens every week , depending on their transactions on the network.

Pros and Cons.

Rarible is one of the easiest places to mint an NFT . This makes it ideal for beginners and pros. Rarible also allows you to set royalties on any future sales of your art. This feature means you can make up to 50% in commission on any subsequent sale of your art, giving you a way to make future passive income on your NFTs.

Rarible also offers free NFT creation for artists. If you’re a struggling artist trying to break through, this could be a great way to get your art in front of potential buyers.

Unfortunately, Rarible doesn’t have a mobile app . This point may limit some users who do not have access to a PC or laptop. There is also a fee charged when purchasing an NFT . Most other NFT platforms only charge a commission fee to the seller.

3. SuperRare.

SuperRare has its unique take on the NFT marketplace. Trying to bridge the gap between a social media site and a marketplace, SuperRare thinks of itself as Instagram meets Christie’s.

Founded in 2017, SuperRare prides itself on its small number of curated artists. To be eligible to mint and sell NFTs on SuperRare, you need to submit a portfolio for consideration . SuperRare’s curated content ensures they only have quality artwork for sale. While not every artist is allowed to sell, anyone can buy and trade NFTs on the platform.

Commissions on SuperRare are 15% on the sale of any art. The artist can receive a 10% royalty on any secondary sales, making it an excellent option for residual income for the artists on SuperRare.

The social network aspects of the site help generate interest in the artwork on Rarible. It can also help you assess the value of any NFT on the network.

SuperRare operates on the Ethereum network and will require a valid wallet to mint, buy, and sell NFTs and artwork. There is a 3% transaction fee for buyers on any transaction.

While smaller than OpenSea and Rarible, SuperRare is still a viable place for artists to earn money with their art. Top artists on SuperRare have sales between $3 million and $500,000.

Pros and Cons.

SuperRare has some of the most exclusive content available . Their curated art selection ensures buyers are getting some of the best and most exclusive artwork available. It can be effortless to find stunning art and digital media on SuperRare.

Unfortunately, curation prevents anyone from minting and selling their artwork. If you are not accepted to mint on SuperRare, you’ll have to look elsewhere to sell your NFTs.

4. Nifty Gateway.

If you are a beginner at NFTs, Nifty Gateway is a great place to start. Nifty Gateway is powered by Gemini, one of the best crypto exchanges globally. It’s an Ethereum-based platform and has exclusive partnerships with many top artists and brands. Collections are available for a limited time only. These drops occur every three weeks, and once the NFTs sell out, you can only purchase them on the secondary marketplace.

World-famous digital artists like Beeple have been using Nifty Gateway to sell their exclusive artwork. You’ll also find some of the most famous musicians, including Deadmau5, Grimes, and Steve Aoki, releasing NFTs on Nifty Gateway.

Anyone can apply to be a creator on the platform. Minting, buying, and selling is easy. You can use credit cards for any transaction on Nifty Gateway, making it extremely easy for cryptocurrency novices to use the platform.

Pros and Cons.

Nifty Gateway has some of the most popular and exclusive NFTs for sale . It’s easy to keep up with the drop release dates and simple to buy and sell any NFT. The ability to purchase NFT with fiat currency through credit cards makes it one of the most accessible platforms for crypto-novices to use.

Unfortunately, the exclusivity means it is unlikely you will get accepted as an artist on the platform. Nifty Gateway also makes it extremely difficult to move your NFT to another platform .

Your NFTs are stored on an account, and anyone with your password can withdraw your NFTs. We encourage anyone using Nifty Gateway to use 2FA security for their account.

5. Foundation.

Foundation has an invite-only policy for artists and creators. To join Foundation as an artist, you need to be invited by a current member of the Foundation community. Once invited, attach your Met aMask wallet , and you can start minting NFTs and placing them up for auction.

Creators receive 85% of the auction sale price. If your pieces are resold on Foundation or OpenSea, you will also receive a 10% royalty on these sales forever.

While yall artist accounts are member-only, anyone can join Foundation to buy and sell NFTs . All transactions are handled on the Ethereum network and are safe and secure.

Any art placed on Foundation is set as an auction with a reserve fixed price. Once a bid is placed, a 24-hour auction countdown begins. To prevent auction sniping, any bids in the last 15 minutes of the auction will extend the auction for another 15 minutes.

Foundation wants to be a cultural home and platform for art on the Ethereum Network. Their ecosystem encourages interactions between creators, collectors, and developers.

Pros and Cons.

Foundation allows you to sell NFTs you purchased on other exchanges like OpenSea. This factor gives NFTs created on Foundation more versatility than some of the other NFT marketplaces. Unfortunately, since you have to be invited to Foundation to be a creator, this limits opportunities for invest in nft some artists.

6. MakersPlace.

MakersPlace is another invite-only marketplace for digital artwork and NFTs. You need to fill out a creator application to be accepted as an artist on MakersPlace. The site runs on the Ethereum network and requires a blockchain wallet for all transactions.

MakersPlace strives to provide authentic and unique digital creations for sale. Limited editions create scarcity, while authenticity is permanently recorded and verified on the blockchain. All transactions require cryptocurrency and a third-party wallet like MetaMask or Coinbase.

Using MakersPlace is free for all members. You do pay fees for any interaction on the blockchain. Successful sales are charged a 15% commission . If you use a credit card to purchase any NFT, you will be charged an additional fee through your credit card. Creators will also earn 10% on any resold NFTs on MakersPlace.

Pros and Cons.

Selling NFTs in MakersPlace is relatively easy and free. You only pay transaction fees and commission on successful sales. MakersPlace is one of the few NFT marketplaces that let you handle purchases through credit cards and cryptocurrency PayPal . This flexibility makes it ideal for cryptocurrency novices.

MakersPlace is currently invite-only for artists. You will need to be invited if you want to sell your digital media and artwork on MakersPlace.

Types of NFT Marketplaces.

Not all NFT marketplaces offer the same features. You’ll find a wide range of features, networks, and artwork rights on each marketplace.

Exclusive vs. Non-Exclusive Rights.

Owning an NFT means you own a unique token associated with a piece of digital art or media. It, however, does not mean you own the content of the NFT. An NFT purchase will come with either exclusive or non-exclusive rights .

These rights can significantly affect the cost when you buy NFT. When purchasing a piece of physical artwork, you are not purchasing the rights to reproduce and distribute copies of the painting. Most NFTs are the same and will come with non-exclusive rights.

The original NFT artist retains copyright of the art . For example, you cannot use the purchased NFT to make t-shirts or posters that you later sell. These non-exclusive rights ensure the original artist retains copyright and ownership of their artwork.

Other NFTs will sell with exclusive rights . These rights allow you to do anything you like with your new NFT. From using the digital art in a video game to printing the NFT on t-shirts, you own the rights to the NFT once purchased.

Purchasing an NFT with exclusive rights will typically come with a higher price tag than an NFT with non-exclusive rights.

Different NFT Marketplace Networks.

The Ethereum network is the most popular network for NFT minting, buying, and selling. It offers some of the best safety and security available for your NFTs. It is also easy to set up and use ETH for novices and beginners learning about cryptocurrencies.

Transactions are handled through a wide range of wallets, including MetaMask, Coinbase Wallet, and TrustWallet. They are easy to set up and can be used on a PC, MAC, or smartphone.

Unfortunately, the Ethereum network can get overloaded, which may cause extremely high gas fees to mint or sell an NFT on the most popular networks.

Alternatives to ETH include SOL, WAX, XTZ, and HIVE.

Solana (SOL)

The Solana network claims it can handle more than 50,000 transactions per second . ETH can only handle 20 per second. Solana has recently launched its own NFT marketplace, and you can use a variety of tokens to buy and sell digital art and NFTs on their network.

WAX.

WAX is an NFT market for video games and digital media. You use Cloud Wallet for transactions, and they offer a few different tokens for buying and selling. Unfortunately, The Wax Blockchain is still linked to Ethereum.

HIVE.

HIVE offers an NFT showroom where you can buy and sell your NFTs and digital artwork. HIVE claims fast transactions and future-proof scaling of its ecosystem. The network consists of many different apps, including NFT-based games like Splinterlands, where you can buy and sell NFT collectible trading cards that gamers can use in-game.

Tezos (XTZ)

Tezos has quickly become a competition to ETH. OpenSea has announced they will soon accept XTZ for sales on their marketplace. This diversification could be massive for the future of XTZ. Currently, you can use Tezos on the Kalamint marketplace .

Frequently Asked Questions.

Whats the best NFT marketplace?

The best place to buy an NFT depends on what you are looking for. If you want to search for the largest amount of NFTs, you should check out OpenSea. Unfortunately, searching through their extensive collection can make it difficult to find what you are looking for. Rarible and SuperRare may have smaller collections, but you might have an easier time finding the perfect NFT. Are you looking for NFTs from some of the most famous EDM musicians in the world? You should check out the collections on Nifty Gateway. MakersPlace and Foundation offer exclusive collections as well that you won’t find on the larger NFT marketplaces.

What Is the Largest NFT Marketplace?

If you are looking for the largest NFT Marketplace, you should check out OpenSea. As one of the first NFT marketplaces available, OpenSea has grown immensely since 2017. They boast over 70,000 daily transactions, 300,000 users, and 34 million NFTs for NFT sale. This equates to $4 billion in volume for OpenSea. Rarible comes in as the second-largest, with over 100,000 items minted and 29,000 users. As you can see, there is quite a gap in size between OpenSea and other NFT marketplaces. If you are looking to sell NFTs to the largest marketplace, you should choose OpenSea.

How Do I Protect My NFTs?

While NFTs are protected by blockchain technology, that doesn’t mean they are 100% safe and secure. We encourage always using multi-factor authentication (MFA) on any account you need to protect. Don’t forget to use a strong password that is long and complex. You can also use offline storage to store your digital assets. Cold storages solutions include paper, desktop wallets, and hardware wallets.

What Makes an NFT Valuable?

Art is a subjective matter. What one person thinks is worth $1, another may feel is worth $1 million. Art from popular or trendy artists can fetch millions of dollars per NFT, even if they are simple 8-bit drawings. NFT art gives an opportunity for aspiring artists to break out and receive the recognition they deserve. Young digital artists have the chance to make a living and succeed by selling their art on an NFT marketplace.

Can Anything Be an NFT?

An NFT is a digital collectible asset. What does that mean? A digital asset can be almost anything. From a photo to a song, artists have been using NFTs. Some of the most common uses for NFTs include digital art, videos, gaming assets, songs, generative art, virtual reality assets, and more. Almost any type of digital media or file can be turned into an NFT.

Are NFTs a Good Investment?

The NFT market is scorching right now. Purchasing a unique NFT could net you thousands or millions of dollars in profit. Does this mean every NFT is a good investment? Unfortunately no. Most NFTs don’t carry the same clout as famous artists like Beeple or Steve Aoki. Other NFTs are licensed and official merchandise from well-known brands. These can also carry a premium price. As long as you understand NFTs are an incredibly volatile industry, they can be a good investment. We encourage anyone to research and perform due diligence before investing in any new NFT startup or product.

Can I Mint an NFT For Free?

OpenSea, Mintable, and Rarible provide free NFT creation services. You will only need to pay for the minting and commission once the NFT is sold.

Are NFTs available in Coinbase?

Yes! NFTs are now available for purchase through Coinbase Pro, one of the best cryptocurrency exchanges. The process is similar to buying any other cryptocurrency except that you need to use Coinbase Pro instead of Coinbase.com.

Can you buy NFTs with Binance?

Yes! The global cryptocurrency exchange has recently added support for non-fungible tokens through Binance NFT. This means that users can trade them directly from their wallets. To do this, they need to use the new «NFT» tab in their wallet interface.

invest in nft – http://aviator.crypto-currency.fun/?qa=4300/can-the-nft-market-recover-from-collapse-investment-monitor. Matte Black Anodized Stainless Steel – NFC Business Card.

This card makes a bold statement about your business and about yourself. It is the size and thickness of the American Express Black Card or Apple Credit card, and sports a Tap Tag NFC chip that relays your contact card directly to your clients smartphone with just a tap. It is as simple as it is elegant. This card engraves to be silver on a matte black background.

For interest NFT projects a gold engraving see our Black Brass NFC card HERE.

For a White Steel NFC Card see HERE.

Every Card is custom laser-engraved. 100% satisfaction guaranteed or your money back. We will email you if there are any issues with the logo uploaded.

Made of real Metal, your name or logo is burned into the card. Comes Pre-loaded with a Free digital profile and a matching QR code, claim the profile by tap/scanning the card for the first time. Manage/edit your contact card at anytime remotely via the dashboard. (make free account on first tap) No subscriptions. Unlimited tap/scans. NFC and QR are Dynamic, meaning you can redirect to ANY website of your choice remotely at any time, interest NFT projects this temporarily overrides the contact card. Can be toggled on/off any time from dashboard. Re-programmable open-sourced chip allows to change the contents of NFC chip at any time Compatible with almost all smartphones Do not need a Tap Tag or app to scan card, just a smartphone Credit card-sized, 85mm x 54mm or 3 5/16in x 2 1/16in.

Solana NFTs are Live on Instagram & Facebook.

Instagram and Facebook have integrated with the Solana blockchain to allow users to showcase their NFT collections! The Solana Foundation has teamed up with leading NFT ecosystem creators, cryptocurrency marketplaces, and infrastructure projects to celebrate with a special contest.

Enter to win 1:1 NFTs and exclusive rewards from your favorite NFT projects.

Catalina Whales.

The Catalina Whale NFT will award the holder an additional Original Catalina Whale Collection NFT.

Hyperspace.

The Hyperspace NFT will award the holder an exclusive Merch pack and member-only Discord access.

DeGods.

The Degods NFT will give the owner an exclusive Degod Merch pack.

Grim Syndicate.

The Grim Syndicate NFT will give the holder guaranteed whitelist spots for the Wheel of Degen drop, early access to other drops, crypto wallet may make money and an original Grim NFT.

y00ts.

The y00ts NFT will give the holder a exclusive y00ts Merch pack.

Magic Eden.

The Magic Eden NFT holder will be appointed Chief Degen Officer for 1 month and will have the opportunity to share feedback directly with the ME team and NFT help shape the future of NFTs.

Aurory.

The Aurory NFT will give the holder access to all of Aurory’s current & future closed beta games, invest in nft as well as access to select mini games on aurory.io.

How To Create NFT Art, Promote It, And Profit.

NFTs (or Non-Fungible Tokens) are the latest crypto phenomenon taking the art world by storm , even if virtually. They’ve been changing artists’ lives for the better, mainly through enormous sales and exposure. The trend began back in 2021 and even attracted celebrities to hop on the hype train. This attracts many to think about how to create NFT art and profit from it.

Of course, there are many who believe NFTs are just a fad and will soon go away. Many crypto specialists do think that most of today’s NFT projects will fail in the long term. However, these same people also believe that NFTs are the future .

Although you see people buy and sell NFT art pieces , this is not their only use . Since they represent ownership of an asset, for example, many singers have started selling unique music videos. However, art is not the limit. Many influencers are selling their NFTs, promising buyers to attend their podcasts, YouTube videos, have one-on-one sessions, etc.

It will be up to you to decide what your NFT will look like . But before we get to creating NFTs, we will first need to explain what NFTs are and how exactly they work.

Table Of Contents.

What NFTs Are & How They Work How To Create NFT Art 1. Idea & Create Your NFT Art Piece 2. Create a Wallet & Buy Crypto 3. Choose a Marketplace 4. Minting Your NFT Decide On A Price Promoting Your NFT Payments.

What NFTs Are & How They Work.

As mentioned earlier, NFTs (Non-Fungible Tokens) represents ownership of a unique asset in the form of a token. This is possible due to blockchain technology. The phrase «Non-Fungible» means that they are irreplaceable and distinctive. Each NFT comes with a unique code, ensuring nobody else can own that same code; therefore, the NFT you own is entirely unique to you, at least by code. If you are looking for more information on NFTs check out our detailed article where we fully explain «What Are NFTs?».

For a better example, we will briefly mention Bitcoin. A single Bitcoin token is precisely the opposite of a non-fungible token . It is replaceable, as every Bitcoin token is worth exactly the same amount and is indistinguishable from other Bitcoin tokens.

NFTs allow us to turn things such as images, songs, videos, etc., into a property in the form of a token. Due to their uniqueness, each is worth a different amount, where some sell for cryptocurrency millions , and others never see their owner. NFTs are usually on the Ethereum blockchain, although other blockchains support NFTs as well.

The first NFT dates back to 2014, although it got the general public’s attention in 2020 and 2021. Furthermore, the first NFTs that saw great results were CryptoPunks, a collection of 10,000 NFTs, and CryptoKitties, a video game. For example, Cryptopunks #7523 sold for more than $11 million in 2021.

In 2021, an artist named Beeple sold his art piece «Everydays: the First 5000 Days» for more than $69 million. This is the most expensive NFT as a purchase by a single person . Of course, you cannot expect all NFTs to have potential. It comes down to the art piece, marketing, timing, and luck. Making sure you have no unrealistic expectations is a must if you plan on diving into that sector.

How To Create NFT Art.

Creating an NFT might not be as easy as many might think; however , it becomes easy once you understand the basics. We will cover all the steps in detail that you need to make to create an NFT, starting from the idea and ending with the minting.

1. Idea & Create Your NFT Art Piece.

First of all, you need to decide what kind of NFT you want to create . Are you a professional artist who wants to sell your art piece, song, video, or photography? Or do you want to sell an NFT that will provide other benefits to the buyer?

Once you come up with an idea and create the art piece, you can move on, make a wallet and purchase crypto.

2 . Create a Wallet & Buy Crypto.

If you want to list your NFT, you must cover transaction fees and minting fees . For this purpose, you will need a crypto wallet with some Ethereum, for example, stored on it. This is because NFT markets work with cryptocurrencies. The crypto wallet also comes into use when an NFT is purchased since the buyer/platform will send the amount to that crypto wallet.

Don’t worry if you do not have a crypto wallet yet, as it is pretty easy to set up one . However, not all crypto wallets support NFTs, so make sure the one you choose does. Some crypto wallets that support NFTs, are very secure, and are trusted by many are Metamask, Coinbase, Trust Wallet, and Enjin.

Once you create a wallet, you can go ahead and purchase some Ethereum to get you ready for the fees and any additional costs.

3. Choose a Marketplace.

As NFTs are getting more popular, new NFT marketplaces offering all sorts of benefits arise. We will mention some of the most prominent marketplaces out there, but keep in mind that there are other options.

OpenSea – Inarguably the biggest marketplace by average daily volume, as of January 2021 is OpenSea. Their user-friendly website attracts a lot of engagement. The platform’s been dominant in the Ethereum-based NFT sector for quite some time now. Their 2.5% fee applies after your NFT is sold. Additionally, minting on OpenSea is entirely free.

Rarible – One of the oldest decentralized NFT marketplaces, aiming to reduce the gap between artists and their audience . Rarible is well-known amongst NFT enthusiasts. Coinbase is an official partner of the platform, further proving its credibility. The platform supports images, GIFs, video, and audio files. Same as OpenSea, Rarible applies 2.5% fees to the price your NFT was sold for.

Foundation – Foundation is a more exclusive marketplace as it requires an invitation . Invitations are eligible from artists who sell at least 1 NFT. It is an Ethereum-based NFT platform that supports images, videos, and 3D artwork. It charges its users 15% service fees, one of the highest in the NFT sector.

LooksRare – And finally, the latest NFT marketplace that’s getting a lot of attention. It is a brand new marketplace, made public in January 2022. It surpassed OpenSea by daily volume in its first days, which is quite intriguing. Additionally, LooksRare charges 2% fees, the least out of all major NFT marketplaces. Once you sell your NFT, the profit will instantly transfer to your wallet. Furthermore, the platform is Ethereum-based.

4. Minting Your NFT.

For beginners, the process of minting NFTs means turning your image, GIF, audio or video files, etc., into a collectible token/digital asset, mainly on the Ethereum blockchain. After you mint your NFT, it is stored in a completely decentralized database (or distributed ledger), making it impossible to modify, edit, or even delete it. This is actually when you «create» your NFT art.

Minting itself can happen on a marketplace, such as OpenSea, for free or outside of it, by writing your own code (which can be difficult, especially for those with little to no experience).

Because minting is a process, it can take up to a couple of hours. If you feel like something is wrong, make sure to reach out to the customer support team of the platform you choose.

Marketplaces are mainly Ethereum-based because the blockchain is quite secure and nearly impossible to tamper with. Aside from that, Ethereum is the second-largest cryptocurrency by market cap. To elaborate, this means that more people are likely to come across your NFT in an Ethereum-based marketplace than at any other marketplace.

Selling Your NFT Art.

Decide On A Price.

Pricing your NFT is just as crucial for its success as how to create the art piece itself and the way you market it. However, we are so early into the NFT industry that things have yet to settle down. Prices are one of the things affected by this, which in turn means that there isn’t a particular value you will be looking at.

Platforms allow you to choose one of two options when selling your NFTs . One is «fixed price», and the other is «auction». Fixed prices are when you choose a particular price for your NFT, which the buyer has to pay. Auctions, however, are a bit different, as you can tell by the name.

The reason auctions are popular is because it gives everyone a fair shot at purchasing said NFT, regardless of timezone and availability. Most NFT auctions have a 24-hour time limit, although this is not set and could be more or less. After the time limit is up, the highest bidder gets the NFT.

If a bid enters the auction within the last 15 minutes of it, the timer extends by about 20 minutes on average. This will continue until no new bidders join the auction .

The truth is, many NFTs are popping up all the time, making it harder for buyers to come by your NFT if you are new to this space. To make things easier and your art more accessible, it is better to keep your price low at the beginning of your journey and increase it consistently once people pick up on your work.

Make sure you check the fees of the marketplace you choose before listing your NFT. Furthermore, as a bare minimum, you want to set the price at least as much as the minting costs.

Promoting Your NFT.

Due to the saturation of the market, the NFTs that sell and those that don’t are separated by successful marketing . One can go through a lot of different platforms where promotion is possible. Most artists selling NFTs have their own blogs or are known on social media and art platforms.

Having a social media following will help your art reach an audience that is interested in your work. The bigger the audience, the higher chances you have of your NFT getting sold. Suitable platforms can include Instagram and Twitter, as well as DeviantArt and ArtStation.

Other artists also have their own Discord servers, where they and their audience can interact, forming a bond. Some even teach their followers how to create their own NFT art.

If you wish to go even further, you can find influencers who can promote your work . However, this will most likely happen for a price. Influencers already have a stable following, so you will be getting immediate exposure. On the other hand, even if you gain exposure, your new audience will need to stay engaged, which is why a social media account is more than necessary.

As we mentioned earlier, blogs are a great way to keep an archive of your work while working towards getting known. For example, imagine someone interested in your art going through your old blog posts. Keep in mind that this is different than having an art platform account, as blogs are entirely managed by you .

There are, of course, other ways to promote your work through different types of networking, NFT PR, listing your art to a metaverse gallery, etc. Essentially, you should look to connect with people that will be interesting in what you have to offer.

Payments.

When the time finally comes, and you sell an NFT, the payout can be delivered instantly , or it can take some time. This shouldn’t be more than a couple of hours. However, as we mentioned earlier, platforms such as LooksRare pay immediately upon the sale of an NFT.

Most NFT marketplaces charge you fees after the sale of your art piece; however, some do so beforehand. Make sure you check things out before choosing your marketplace because it could mean you will need a bigger budget.

Furthermore, all funds are delivered to your crypto wallet, so keep an eye on it after a sale. If there is a problem with the processing of the payment, most platforms offer customer support 24/7 , so make sure to reach out to them.

Final Words.

In 2021, what we saw is probably only the tip of the iceberg for NFTs. However, we are still in the early days of the NFT industry, equalizing the playing field for everyone. If you are looking to create NFT art and sell it, don’t be discouraged if it doesn’t find its buyers immediately. The market is currently getting quite a lot of volume, so it’s only a matter of time before your work gets noticed.

Of course, as we mentioned, there are many steps you can take that will increase your chances of getting noticed . Just like every other art industry, one has to put effort into promoting themselves to help reach an audience easier.

Some were lucky enough to get into the spotlight, where by chance, whereby following and status don’t matter. It is great to be optimistic, but it gets even better if you add a bit of realistic thinking. What we mean by that is that you might not want to expect your first NFTs to get sold for millions of dollars. This will only bring you down, so aim for consistency and publicity.

Finally, we suggest you keep up with all the latest NFT trends, new marketplaces, and invest in nft news . Doing this will help you capitalize on fresh opportunities. New marketplaces that cause an uproar, in particular, are an excellent place for your art, no matter if you have a following or not.

Be thorough and patient while taking on this new endeavor to make sure you are as close as possible to the goal of selling NFTs.

How to Create and Sell Non-Fungible Tokens (NFTs)

Non-Fungible Tokens (NFTs) are a new type of digital asset that seems to be the hot topic of conversation everywhere. NFTs are described as nonsensical by skeptics, digital beanie babies or baseball cards by most, and a revolutionary new idea that will change everything from digital content to the way artists interact with fans by true believers. I’ve worked on NFTs in my role at Origin Protocol and I have already seen first hand how they are game changers in a number of industries. In this blog, I will briefly introduce you to the universe of NFTs and I will also teach you how to mint your own NFTs and sell them on a variety of platforms and marketplaces.

Introduction to NFTs.

Non-Fungible Tokens (NFTs) are digital assets that are either unique or rare. An item is fungible when it can be easily exchanged for commonly accepted equivalents. For example, a $1 bill can be substituted for another $1 bill or for four quarters or a hundred pennies. NFTs can be unique objects, meaning there will only ever be one of them to ever exist. They can also be rare or scarce, meaning only a limited number of them will ever exist. There is no limit to what an NFT can represent. The NBA has used NFTs to represent video clips of highlights from basketball games with NBA Top Shots.

NFTs can also represent proof of ownership of physical objects like limited edition handbags. They can also offer a trail of ownership, or what is known as «provenance» in the art world. If NFTs can be tied to physical objects, they can also be tied to in-person experiences and act as, for example, access tickets to concerts or private performances. One extremely powerful aspect of NFTs is that future revenues from secondary sale transactions can be diverted to the original creator or «minter» of that NFT programmatically. This means that if an NFT changes hands many times after the initial sale, the original creator will still earn revenue or royalties.

How to Mint NFTs.

The vast majority of NFT activity by independent creators is taking place on the Ethereum blockchain. To interact with Ethereum, you will need a Web3-enabled wallet like MetaMask, which has both a mobile application and a browser extension. To perform transactions on Ethereum, you will need ETH in your wallet, the native cryptocurrency of Ethereum to pay for blockchain network or «gas» fees. You can acquire ETH on an exchange like Coinbase.

NFTs on Ethereum are based on open-source standards and you hold them or «custody» them in your own wallet. This means when you mint an NFT you are not tied to any specific platform and can use any tool or platform of your choosing to create your NFT. For example, you can mint an NFT on Mintbase and then display and sell it on OpenSea without the NFT ever leaving your wallet.

OpenSea recently announced a feature that lets creators mint NFTs without paying gas fees. They’ve released a step-by-step guide on how to do this. First you have to create a collection to which you will add NFTs. After creating a collection and naming it, you can create and add NFTs to it using image files, video files, 3D models, music files, or basically any type of digital content file. You will be able to add a name, description, and set the rarity of the NFTs as well.

Mintbase is another platform that allows creators to easily mint NFTs. Mintbase is similar to OpenSea in that you first must create a store to mint NFTs. You can follow their guide for non-crypto users for all the steps required. Mintbase only supports images at the moment so it is best for visual artists. After creating the store you can mint NFTs with a name, description, and quantity and add them to your store. All NFTs are for sale by default, but you can check a box to prevent them from being listed for sale.

Foundation is a platform that has an invite-based system for NFT creators. Anyone can make a profile on Foundation but only selected creators can mint NFTs. They’ve published a complete guide on how to mint NFTs on their platform. Foundation supports minting NFTs with images, video files, audio files, and 3D models. You will be able to choose the name, description, and quantity of this NFT.

How to Sell NFTS.

Most NFT platforms also allow you to list and sell NFTs. To sell your NFTs on OpenSea, navigate to the asset page for that NFT and click «sell». You will be able to choose the type of sale from a set price, an auction, or a bundled sale and set other terms. This guide by OpenSea goes through all the steps. On Mintbase, all NFTs are listed for sale by default. If you opted not to list an NFT for crypto wallet may make money sale, you can navigate to it and check «is for sale» and set a price. Foundation focuses on NFT auctions. To list your NFT for sale in an auction, navigate to it and set a reserve price then click «List Your NFT» to start the auction. Auctions are 24 hours and any bids in the last 15 minutes extend the auction another 15 minutes. This guide by Foundation has all the details.

If you are looking to set up your own private and curated storefront for your NFTs, you can check out this guide on how to launch your own Dshop on AWS written by Origin co-founder and Amazon blockchain lead Kevin Goodspeed. Many creators highly value curation as they do not want their NFTs to be displayed in the same marketplace or virtual gallery as unrelated NFTs by other artists. Displaying unrelated NFTs together may also negatively affect the price discovery of your NFTs. Dshop already supports the listing of NFTs, so all you have to do is set up your own Dshop and list your NFTs for sale on your own private store and interest NFT projects domain.

Conclusion.

I hope you now have a better understanding of what NFTs are and are equipped with the knowledge to start dabbling in this exciting new world. There is certainly a learning curve to decentralized technologies, so please don’t get discouraged and realize you are dealing with very new and experimental technologies. I can’t wait to see what kind of NFTs you mint and share with the world!

Digital Twin as the Beginning for Emergence of NFT.

The concept of digital twin is becoming popular in the information technology community. Like many other technologies in the industrial revolution 4.0, digital twins are emerging rapidly thanks to the integration of technologies. This is one of the most advanced Industry 4.0 technology that has been applied to many current operating models of many businesses and giving the strengths in which NFTs came to life. Thanks to cloud technology, Internet of Things (IoT), crypto wallet may make money advanced simulation, and high computing power, the digital twins are definitely a reason that brought about NFT to be a hot emerging technology.

A lot of money is being brought in with the development of this technology. In this article, we take a look at the basics of the digital twin, as well as the potential application of the developing digital twins to figure out where this technology stands in recent years. Why digital twin is said to be a great digital clone of all models right now, details on how it works, all will be clarified in this article.

What are digital twin?

Digital twin creates models which represent systems, products or services, processes of the firms or any other physical things. The representation is implemented by the application of virtual reality or 3D graphic modelling technology. It allows us to create/copy tangible or intangible physical assets of the real world into only one digital version. For example, a T-shirt in real life is tokenized into a digital version which is unique and irreplaceable. And, the interesting thing is, the digital twins of this T-shirt would be an NFT of a T-shirt.

There is a data flow between the replica and the actual object. Through the sensors on the actual system, the replica is updated so that the state of the system can be monitored in real time. Specifically, the digital versions are updated in real time to create an exact replica of the real life version. Similar to the example on the T-shirt, a digital twin of a piece of land also becomes an NFT. When there is a change in that land, the digital asset is also updated and shown.

It’s a technology that can be applied to many environments, including monitoring products while they’re in use and throughout their lifecycle. Examples include but is not limited to: aircraft engines, processes and lines in the manufacturing industries etc. Some companies like Siemens see digital twin as a purely cloud-based asset due to the elasticity and out-of-the-box compute scalability required to run digital twin, while companies like ANSYS argue that the future of digital twins will be like a «hybrid» between cloud computing and edge computing.

The concept of digital twins was introduced by General Electric (GE) to predict damage. It incidents from which to plan for timely replacement and repair. For example, GE will know in advance when a plane’s spare part is broken. The information will be sent to employees to replace it to avoid the affect to flight schedules. They are able to do this thanks to aircraft’s digital twin data (speed, wind speed, fuel level, temperature…) recorded in real time.

Digital Twin and Non-Fungible Tokens.

It is no exaggeration to say that digital twins are the factors that create the uniqueness of the NFT. As we all know, NFT is a type of digital asset using blockchain technology to create unique chains of code. It represents a certain item and cannot be replaced. In fact, these NFTs can be encoded from physical assets to digital assets. These assets are converted and created in a digital world by means of conversion to become a digital twin. Those digital assets that correspond to those real assets are called digital twin NFTs.

There are many big brands that have also begun to make their mark on the digital space through the digital twin NFT. For example, Adidas recently partnered with supermodel Karlie Kloss to introduce digital Adidas shoes to users on Decentraland. Sotheby’s also bought a small piece of land in Decentraland’s art district and built a digital replica of its London galleries to host its first digital exhibitions.

With digital twin NFT, we can fully identify physical assets with IoT, using blockchain technology as a reliable protocol to check and confirm asset information. Besides, igital twin becomes the representation of real assets and brings stakeholders closer through the internet. At the same time, NFT also becomes authenticated and secured tokens. Scans of digital assets can be scanned through artificial intelligence.

Digital twin NFT marketplace.

The digital twin NFT Marketplace is a one-of-a-kind marketplace only to display digital twins and dedicated users to transact with them. Blockchain technology, such as Ethereum, Binance Smart Chain, Polygon, and others, is employed in digital twin markets. To retain the NFT’s uniqueness and indivisible properties, these blockchains include a token standard that solely supports NFT, such as ERC-721 and ERC-1155.

Development on digital twin NFT marketplace.

The establishment of a fully functional digital NFT marketplace entails a variety of components and integration.

Blockchain application.

For the Digital Twin NFT markets, the developers must choose the right blockchain technology and token specifications. The blockchain should be chosen based on its stability, dependability, and, most importantly, the cost. Ethereum is one of the most popular blockchain networks, but it comes with a heavy price tag. Many blockchains, like Binance Smart Chain, are aiming to provide the greatest services at extremely low transaction costs.

Illustration of store.

A digital twin NFT marketplace is required to have a storefront that attracts customers and provides a pleasant user experience. Because there are so many NFT markets popping up these days, the storefront is the only way to distinguish the marketplace from other competitors. The opportunity should be thoroughly used.

Admin panel.

The digital twin NFT marketplace should have an admin panel, which will be responsible for the multi-tier hierarchical databases. It will have priority access to the NFT marketplace platform’s digital counterpart to operate the marketplace in all conditions.

Dashboard.

The dashboard is used to acquire up-to-date information on the NFT marketplace. They will have comprehensive information on the traffic that the marketplace produces while also being quite useful in ensuring that the marketplace thrives.

Epilogue/Conclusion.

Digital twin represents the perfect fusion of software, hardware, IoT-enabled feedback. And most importantly, it enables users to apply 3D model data throughout the entire product lifecycle. There are different views from many analysts about digital twin. But one thing is for crypto wallet may make money sure, digital twin represents the uniqueness of NFT. This concept will continue to grow strongly over the next few years, based on different solutions to solve different challenges of each firm. Once the major players have mastered digital twin technology and achieved the impossible state of NFT, we can expect digital twin development to go deep into consumer goods and be widely adopted more than ever.

About Dandelion Labs.

Dandelion Labs is a blockchain product and research agency that leverages the power of blockchain technology. We support the businesses to create their projects in blockchain to power the next generation of decentralized commerce, paving the way for evolution and connection to the digital world. Stay update with our newest advancements by following us on social media:

Website – https://dandelionlabs.io/ Instagram – https://www.instagram.com/dandelionlabs.io/ Facebook – https://www.facebook.com/dandelionlabs.io LinkedIn – https://www.linkedin.com/company/dandelionlabs Twitter – https://twitter.com/dandelionlabsio.

Announcing LEVELS.art: On-Chain NFT Mini Games from Top Artists.

LEVELS. art is the home for interest NFT projects on-chain gen art mini-games. Where top NFT artists reinterpret their favorite retro arcade games as playable on-chain NFTs.

That’s right. Everything is fully on-chain. The art, game code, sound effects- all stored on the Ethereum blockchain.

Each NFT is one part game and one part collectible. While gameplay is similar across each edition, rarity comes into play with the visual attributes. Depending on what you mint, you may see different elements, backgrounds, colors, sounds, and invest in nft more.

All LEVELS. art NFT collections are on the Ethereum blockchain and purchasable in ETH.

Immerse yourself in a beautiful piece of art that is also a highly interactive video game. Anyone can play. But coming soon, holders of the NFT can have their high scores recorded on-chain.

A sneak peek of Cloud Poppers by Bryan Brinkman.

The First Drop.

The very first drop on the platform is Bryan Brinkman’s Cloud Poppers . It’s his take on the 80s classic space-themed multidirectional shooter. The gameplay may feel familiar, but in Cloud Poppers the objective is to shoot and destroy Bryan’s famed colorful clouds. One hundred unique editions will be minted.

Bryan Brinkman is an award-winning multi-media artist who utilizes his career in animation and cryptocurrency motion graphics to create fun and colorful works. Using a mix of traditional animation methods and crypto wallet may make money digital tools, he creates playful and crypto wallet may make money inventive ways to convey ideas that are both approachable and appealing.

«We’re big fans of Bryan’s and can’t think of a more perfect artist to kick off the LEVELS.art platform. His unique style is begging to be turned into an arcade game.» – Jordan Lyall.

Cloud Poppers by Bryan Brinkman will mint on February 16, 2023 (time TBD)

What’s to come?

Simple pixel games are just the beginning. Imagine if there were a a leaderboard tracking high scores across games. What if owners could earn exclusive rewards with a top score?

Stay tuned in the coming weeks as we make platform upgrades and announce future artist collections.

Who’s behind it?

LEVELS .art is a collaboration between VenturePunk , Jordan Lyall’s web3 studio, and fellow punk and builder, Cyberh49 .

Stay Connected.

Join the LEVELS.ART mailing list to be the first to know about drop dates and times.

Are you an NFT artist and interested in collabing on a future release on LEVELS.art? Get in touch with us.