Posts

Showing posts from May, 2023

what does nft stand for

  “What is the meaning of NFT,” “ what does NFT stand for ,” and “how did NFT start” are common questions in the crypto world today. NFT stands for Non-Fungible Tokens. NFTs are digital assets that enable people to prove ownership of a store of value. This can be a non-tangible item such as a virtual drawing or something physical like fine art or real estate. NFTs are not very different from the traditional digital currencies like Bit coin and Ethereum as they run on top of the block chain network. The block chain is a digital ledger where transactions are recorded. This makes it possible to transfer NFTs from one wallet to another in a secure, fast, and low-cost way. Since NFTs run on the block chain network, they can be verified in a transparent manner. However, the difference between NFTs and digital currencies is that every token is identified by a unique transaction hash. Hence, two NFTs cannot be the same.

Beginner’s Guide about Dippies NFT Collections

Image
  As the interest in  Non-Fungible Tokens (NFTs)  continues to grow, many NFT projects have been launched and others are in their development stage. One of the newest NFT projects is the Dippies NFT which claims to develop an NFT project that will be categorized as one of the  best NFT projects . So, is Dippies NFT worth buying? In this article, we analyze the potentiality of the Dippies NFT. We will also discuss the details of the NFT project in-depth. What is Dippies NFT? First, what is a Dippie? Dippies come from “digital hippies.” This idea makes the foundation of the Dippies NFT project. Dippies are modern-day hippies, sharing similar values but reflecting modern sensibilities and the possibilities provided by technology. The Dippies NFT collection comprises 8,888 NFT pieces featuring the generative aspect of the most  profile picture (PFP)  avatar collections. That means that each Dippie NFT was generated algorithmically from a collection of traits cr...

Best NFT Marketplaces

  Non-Fungible Tokens, or NFTs, are a unique form of digital art that has been taking the world by storm. From virtual land to rare collectibles, NFTs have been selling for millions of dollars, with artists and collectors alike flocking to the new technology. It can be challenging to know where to begin, though, with so many NFT marketplaces available. That’s where we come in! The worldwide art market earned about 68 billion US dollars in 2022, exceeding statistics recorded previous to the corona virus (COVID-19) epidemic and ranking second in the last 15 years. While worldwide art sales increased annually in 2022, they remained somewhat below pre-pandemic levels. That year, internet sales of art and antiquities in the global market amounted to around 16% of the overall art market value.   In this article, we’ll be taking a deep dive into the top 10 best NFT marketplaces where you can buy, sell, and discover NFTs. From Open Sea to Binance NFT, we’ll explore the key fea...

NFT Value Explained

  An artwork named Everyday’s: The First 5000 Days was sold for $69 million. It is not a new thing for a piece of art to be sold for an eight-figure price. However, this one got much attention because the art was sold as a non-fungible token (NFT). An NFT is an electronic record that represents an image that can be found in the digital world. To put the above story differently, someone bought a picture on the internet for almost $70 million. The popularity of NFTs has surged since then, attracting the attention of celebrities and notable figures globally. Today, NFT sales worth hundreds of millions of dollars are recorded daily on NFT marketplaces such as Open Sea, Rarible, Super Rare, and others. This has left many people with questions on what gives NFT value, especially considering that NFTs only represent the “ownership” of a digital artwork that one can download for free. This article has everything about NFT value explained .    

How to flip NFTs for Beginners

  NFTs or non-fungible tokens have taken the world by storm, with the total value of NFT transactions reaching billions of dollars in 2021 alone. While some people purchase NFTs for their personal collection, others are looking to flip NFTs and make a profit. In this guide, we will explore how to flip NFTs and make money in the NFT market. What Is Flipping? Flipping is a term used in the investment world to describe buying an asset and selling it at a higher price to make a profit. In the world of NFTs, flipping refers to buying an NFT and selling it at a higher price to make a profit. flipping NFTs can be a profitable venture if you do your due diligence and choose the right projects to invest in. Look out for projects that are rare, popular, high-quality, and have a strong community. Platforms like Open Sea, Nifty Gateway, and Rarible are great places to find NFT projects. With these strategies and a little bit of luck, you can flip NFTs and make money in the NFT market. ...

Investing in NFT

  The popularity of NFTs has exploded during the pandemic, and many potential investors are looking for ways how to buy and sell NFTs. Artists, speculators, and collectors have jumped into NFTs. NFT lovers have paid millions of dollars to purchase digital pieces of artwork. The principle of buy low sell high can be applied to NFTs. You can invest in NFT by buying it at a low price and selling it at a higher price. However, before investing in NFT, it’s worth noting that the NFT price is prone to fluctuations. Now that you have known that investing in NFT can be a good opportunity, let’s discuss how to buy and sell NFT. NFTs are bought and sold on NFT marketplaces. The NFTs can be sold at a fixed price or through auction. The prices of NFTs also change based on demand and the higher the demand for an NFT, the higher its price will jump. The first step to investing in NFT is buying the NFT. Although there are many NFTs listed on NFT marketplaces, your goal should be to buy t...

Trading NFTs

Image
  NFT trading is done on NFT marketplaces. There are several NFT marketplaces that you can choose for trading NFTs. The process of trading NFTs on these marketplaces takes almost the same steps. Examples of such marketplaces are Open Sea, Foundation, Rarible, and Super Rare. Open Sea is the largest NFT marketplace today and it has thousands of NFTs listed that offer you an opportunity for trading NFTs. Most of these NFT marketplaces also offer exclusive drops of the most demanded NFTs.   Before venturing into trading NFTs , it is worth noting that NFT trading is not a get-rich-quick scheme. Since NFTs are digital assets, their value can rise or fall. This is dictated by the forces of demand and supply. Many NFT traders have lost their money trading NFTs. Others have become dollar millionaires.

Flipping NFTs

  Flipping is a term used in the investment world to describe buying an asset and selling it at a higher price to make a profit. In the world of NFTs, flipping refers to buying an NFT and selling it at a higher price to make a profit. There are several reasons why people choose to flip NFTs: 1. Profit potential: Flipping NFTs can be a profitable venture if done correctly. With the right timing and research, you can buy low and sell high to make a profit. 2. Low barriers to entry: Unlike traditional investments like stocks and real estate, anyone can flip NFTs, and you don’t need a lot of money to get started. Some NFTs can be bought for as little as a few dollars. 3. Exciting opportunities: Flipping NFTs provides an opportunity to discover new and exciting projects. NFTs cover a wide range of art, music, gaming, and other areas, so there’s always something new and interesting to explore. 4. Flexibility: Flipping NFTs allows for flexibility in terms of investment. You can ...

NFT Trading

  NFTs don’t have a fixed value, and the value of an NFT is determined by its demand. This means that an NFT can be worthless or worthy of what another individual is willing to pay for it. The goal of trading NFTs is to buy NFTs at a low price and sell them at a higher price, making a profit. Thus, trading NFTs is equivalent to trading other digital assets such as crypto currencies and stocks. NFT trading is done on NFT marketplaces. There are several NFT marketplaces that you can choose for trading NFTs. The process of trading NFTs on these marketplaces takes almost the same steps. Examples of such marketplaces are Open Sea, Foundation, Rarible, and Super Rare. Open Sea is the largest NFT marketplace today and it has thousands of NFTs listed that offer you an opportunity for trading NFTs. Most of these NFT marketplaces also offer exclusive drops of the most demanded NFTs. Before venturing into trading NFTs , it is worth noting that NFT trading is not a get-rich-quick sche...

NFT Alpha Groups

Image
  If you are an NFT artist, collector, enthusiast, or reseller, you must be part of a community. You can’t make it on your own! That is why there are NFT alpha groups in the NFT space. Such groups provide information to guide you on your virtual, non-fungible journey. They also help new NFT projects get off the ground and promote the mass adoption of NFT technology. NFT Alpha Groups are often led by Crypto Twitter Influencers or entrepreneurs who share the information they have gathered regarding upcoming NFT airdrops and whitelist opportunities. The NFT Alpha Group members are also allowed to share any alpha they have with the other group members. A member can belong to more than one NFT Alpha Group, hence, the alpha can spread from one group to another.

NFT Ethereum

  NFTs (Non-Fungible Tokens) are very popular today and they act as proof of ownership of pieces of digital art. NFTs have also been adopted in a wide variety of industries. A good number of celebrities have jumped into the NFT bandwagon as NFTs are expected to change the entertainment industry. The gaming industry has also not been left out as it is now possible to make money in the form of NFTs by playing games. This comes after the launch of many play-to-earn (P2E) NFT games. Most NFTs run on the Ethereum block chain network. ETH is the native crypto currency of the block chain, but the NFTs run on the Ethereum block chain. NFTs have additional information that makes them function differently from crypto currencies such as Bit coin and Ethereum. There are also many NFT Ethereum   platforms that allow you to mint, buy, and sell NFTs.  

Trading NFTs

  NFT trading is a hot topic not only in the crypto currency community but also among artists and collectors, leaving many people wondering how to invest in NFTs. In this NFT trading guide, we will discuss everything you need to know about trading NFTs. NFTs (Non-Fungible Tokens) are records of digital files that are stored on the block chain. NFTs can be digital records of collectibles, artwork, sports, domain names, trading cards, and virtual property that can be traded on block chain technology. Since NFTs run on the block chain, each NFT is unique. NFTs also use block chain technology to validate ownership of the digital item or commodity. Thus, you can view NFTs as deeds or certificates that show the digital ownership of intangible assets that cannot be duplicated or reproduced. NFTs don’t have a fixed value, and the value of an NFT is determined by its demand. This means that an NFT can be worthless or worthy of what another individual is willing to pay for it. ...