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CATEGORY: nft marketplaces


Magic Eden defends launch of NFT royalty enforcement tool

Author: Cointelegraph By Brayden Lindrea
United States
Sep 15, 2022 08:20

Magic Eden defends launch of NFT royalty enforcement tool

MetaShield works by enabling creators to flag an NFT or blur the image if the listed or traded NFT bypasses creator royalties.

Aug 05, 2022 09:23

Top 5 BEST NFT Games in 2022

If you want to get on the NFT bandwagon, then this article is for you! Here are our top 5 picks for the best NFT games in 2022.

Aug 05, 2022 09:23

What is SuperFarm? The NFT Marketplace

NFTs present a good possibility to make profits. This article is all about What is SuperFarm and the key features

Jul 03, 2022 07:05

A Major Problem with NFTs was Solved thanks to NFTX, Here’s How…

Let's go back to the basics and explain everything you need to know about NFTs, fractional NFTs, NFT investing, and NFT staking

Jun 28, 2022 02:25

How to EARN BIG with NFTs in 2022: Simple Guide

Even in a bear market, NFTs offer a good opportunity to make profits. But how can I invest in NFTs in 2022?

Jun 23, 2022 12:05

Uniswap Buys Genie NFT – Are you eligible for their USDC Airdrop?

The community of Genie will also benefit from an Airdrop. When will the Uniswap airdrop happen and what are the requirements?

Jun 08, 2022 02:25

Missed Bored Ape Yacht Club? Meet its competitor on Solana

What are Great Goats NFT? The Mint price was 2.75 SOL and supply was limited to 11,111 NFT. Currently, the floor price is 6.9 SOL on Opensea.

Jun 03, 2022 10:50

What is Quixotic NFT? Is this Marketplace worth it?

Quixotic is an NFT marketplace that runs on Optimism. In this article, we explain what Quixotic crypto is and how to buy NFT on Quixotic.

May 14, 2022 10:50

How to Buy NFTs on Solanart?

NFTs are digital ownership tokens. These tokens function on blockchains that uphold smart contracts like Ethereum. This post is all about how to buy NFTs on Solanart

May 11, 2022 02:25

How to post NFTs on Instagram? New features dropping soon! Read on

Instagram announced that they are in the testing phase of adding posts that contain NFTs! Read on to know more about the Instagram NFT news.

During Crypto Bear Markets, Make Money From NFTs With These Steps!

Author: Owotunse Adebayo
Germany
May 09, 2022 07:20

During Crypto Bear Markets, Make Money From NFTs With These Steps!

In this article, we will be taking a detailed look into NFTs. We will also look at the steps to buy and sell NFTs on Opensea marketplace.

Top Five Upcoming NFT Sales In May 2022

Author: Owotunse Adebayo
Germany
Apr 26, 2022 07:10

Top Five Upcoming NFT Sales In May 2022

In this article, we will be looking into the details of the top 5 upcoming NFTs listed for sale in May 2022.

NFTs Are The New Rave! Here’s How To Create an NFT On OpenSea!

Author: Owotunse Adebayo
Germany
Apr 20, 2022 01:30

NFTs Are The New Rave! Here’s How To Create an NFT On OpenSea!

NFTs are the new rave across the crypto market. In this article, we will be discussing how to create an NFT on Opensea.

NFTs to save the Crypto Crash? Buy NFT On Binance NFT Marketplace!

Author: Owotunse Adebayo
Germany
Apr 12, 2022 10:50

NFTs to save the Crypto Crash? Buy NFT On Binance NFT Marketplace!

In this article, we will also be looking into NFTs and the steps to purchase them on Binance NFT Marketplace.

Apr 02, 2022 07:05

What is Fractal NFT? Don’t be late on New Crypto Trends!

NFT gaming is a particularly hot trend in the large NFT space. It basically allows non-fungible tokens (NFTs) to be combined with a play-to-earn principle. A strongly emerging platform is Fractal NFT.

Fractal is an NFT gaming marketplace that offers numerous gaming NFTs. The platform focuses on transparency and security. Fractal wants to offer gamers a new in-game experience using blockchain and Web 3.0. 

What is NFT gaming?

Non-fungible tokens ( NFTs ) are unique, non-modifiable digital objects. They are based on the blockchain (e.g. Ethereum or Solana). Its unique digital signature can greatly increase the value of the NFTs. The popularity of NFTs has now spread from the art market to the gaming space. 

The gaming industry has recognized the potential of NFTs and is now implementing them in its own gaming worlds. A popular principle is play-to-earn (P2E). The players can acquire NFTs in the gaming world through battles, challenges, or other tasks. They can then resell these NFT items to other players through various digital markets. 

NFT Risks in Gaming?

The concept only seems to have advantages for the players. However, the value of an NFT can also fluctuate greatly. The NFT market is relatively young and certain events can cause NFTs to fall in value quickly. Furthermore, a particular game may lose its popularity, causing in-game assets to depreciate even faster. 

What is Fractal NFT?

Fractal NFT is a marketplace for emerging NFT games and their gaming NFTs. The platform was developed by Twitch co-founder Justin Khan, among others. The platform offers a secure marketplace for new NFT games looking for reliable promotion on the platform. 

Khan believes that blockchain and Web 3.0 technologies can launch a new generation of games. These games offer players the opportunity to earn as they play while providing an upscale, personalized gaming experience. 

Fractal NFT wants to help the games to be more independent from platforms that take significant parts of the sales of the advertised NFT games. Developing and distributing an NFT game has so far had a huge cost and Fractal wants to make the market more accessible and affordable.

How does Fractal NFT work?

Fractal NFT partners with Gaming Studios to offer gaming NFTs as they appear on the platform. These gaming NFTs contain in-game weapons, characters, houses, and many other assets. Fractal NFT aims to become a primary and secondary marketplace for such NFTs. 

Fractal is positioning itself as the first primary exchange for gaming NFTs. It focuses on the NFTs that are part of the gaming world. The gaming developers make the gaming NFTs available before the entire game is launched. This has proven to be an extremely interesting and successful strategy for triggering hype about the respective game early on. Early adopters are particularly rewarded and thus become the new tribe of the game. 

Furthermore, Fractal NFT offers a verification process. This sorts out potential fakes and unfair practices in advance. This brings security and trust to the buyer. The security of the platform is transferred to the NFTs and games offered. 

What makes Fractal so unique?

By partnering with the major developers at NFT Games, the platform gets NFTs straight from the source, giving Fractal a huge leap of faith. Furthermore, the costs that also arise for small gaming providers can be kept low. 

At the moment, NFT Gaming is still a niche but has enormous potential for growth. Developers now have the opportunity to offer their products cheaply on a specialized platform. Fractal users get valuable gaming NFTs early on and at great prices, the value of which is very likely to increase in the future. 

Fractal and OpenSea - What's the difference?

OpenSea is the world's largest NFT exchange. Here you will find the best-known and most popular NFT positions. Learn more about OpenSea in this article! 

Gaming NFTs can also be purchased on OpenSea. However, the platform is not as specialized as Fractal NFT. OpenSea is a much larger platform with an enormous selection. However, Fractal offers pure gaming NFTs and a more specialized selection, and lower prices on average.

In the future, Fractal could also transfer to other NFT areas if there is strong growth. However, this development is not yet certain and it is possible that Fractal will remain in the gaming NFT niche. 

How to Use Fractal NFT platform

In the following, we would like to introduce some functions of the Fractal NFT platform.

How to connect a wallet to Fractal NFT?

Go to the Fractal NFT home page. Then click on “Buy Now” in the top right.

Next you can connect your wallet to Fractal. To do this, go to “ Connect Wallet ” at the top right. You can choose from the following wallets:

How do I explore the NFT Games?

If you want to check out the games on Fractal, go to Games at the top of the main menu. You can then view the game and its NFTs by clicking Explore Game . Below you can see a selection of gaming NFTs.

How do I buy gaming NFTs?

If you want to purchase an NFT from the game, click on the box that shows the NFT. You will then see an overview of the NFT including the price in the form of the SOL token and the properties of the NFT.

If you want to buy your NFT, then click “ Buy Now ”! Once you have connected your wallet, you should be able to purchase the NFT directly. 

A function for bidding is already included in the interface of Fractal NFT, however, the function is not yet available at the time the article was published (04/02/2021). 

Now is a good opportunity to purchase the SOL token for fractal NFTs. Buy the SOL and other coins easily on the Binance  and  Bitfinex exchanges !

What's up for more features on Fractal?

In the main menu in the header you will see the following:

  • Mints : Collections of NFTs that are currently being mined
  • Socials : Ways to follow Fractal on social media
  • Submit your Game : Developers can offer their games for listing here

You can also purchase the SOL on the crypto exchanges  Coinbase  and  Kraken  .

NFT Gaming© Cryptoticker

Mar 18, 2022 07:05

The Ultimate NFT Guide – New to NFTs? START HERE

A Non-Fungible Token (NFT) is a cryptographically atomic, verifiable, and irreplaceable token that represents some entity, be it physical or digital, on a blockchain. Let's explain more in this extensive NFT guide.

What are NFTs?

In order to be able to explain what Non-Fungible Tokens are, we need to break down the words that compose it:

  • Fungible: this word represents a property, and gives something interchangeability. An example would be the fungible Dollar bill, since you can give it to someone else without its core or value changing.
  • Token: cryptocurrency tokens are cryptocurrency assets, that represent something other than a monetary value. An example would be loyalty points, ownership of something else…Think of it as a stock, but instead of having ownership in a company, it can be ownership in anything else.

NFTs are basically digital ownerships tokens, that run on blockchains that support smart-contracts, such as Ethereum. Their non-fungibility is similar to real-world contracts, where you can’t trade one contract to another, because the “actual content” differs from each other. Same things for NFTs, where you can't interchange them as their underlying “contract” changes with each one, hence their non-fungible nature.

How to create an NFT?

As mentioned, Ethereum is the most popular network for creating non-fungible tokens. Ethereum was also the first platform to support NFTs, the majority of investors use them by default. But how much does it cost to create an NFT on the Ethereum blockchain? Seasoned investors remember the days when there was a $50 to $100 transaction fee for minting a single non-fungible token, depending on the time of day and the price of ETH. But that's no longer the case, and popular NFT marketplaces have found a way around these fees. Today, NFT artists can create their non-fungible tokens for free on the Ethereum blockchain.

If you want to create an NFT on Ethereum, you can use one of the most popular marketplaces like Rarible, OpenSea or Mintable. Once the wallet is connected, you can create a new non-fungible token and choose between normal minting or delayed minting. This is the first option when it comes to the cost of creating your Ethereum NFT.

However, in order to create and sell your own NFTs, you must meet a few requirements. The prerequisite is that you own the ownership of the artwork that you wish to sell in the form of an NFT. Otherwise, buyers will be deceived. However, the NFT portals themselves usually do not check this, simply because the check would take a long time.

You also need a certain amount of ETH to pay the fees. Since most non-fungible tokens are currently based on the Ethereum blockchain, buying ETH for these uses is recommended.

>>Trade NFTS on Binance now<<

NFT Guide: What are the current NFT trends?

Dynamic NFTs are data responsive and connected to existing infrastructure. The next evolution of NFTs is moving from static NFTs to dynamic NFTs, perpetual, smart contracts, such as those used by Chainlink with its oracles to communicate with and respond to external data and systems. Chainlink Oracle allows NFTs to use external data/systems as a mechanism to create/replicate NFTs, peer-to-peer trading and status checks.

One of the latest NFT trends is NFT staking . Holders receive a “staking reward” for staking NFTs. NFT staking is a promising subset of DeFi that can solve a number of issues related to NFT trading. Most importantly, it offers NFT owners the option to generate tokens with their NFTs without ever having to sell their creations.

If you want to buy NFTs, you can do this via trading platforms. As with all blockchain apps, the security of one's NFT wallet is paramount, and losing it is a major risk. For example, MetaMask is a crypto wallet that supports all types of Ethereum-based tokens. MetaMask can serve as a regular crypto wallet, but its real strength lies in its seamless connection to smart contracts and decentralized applications. MetaMask values ??data protection, encryption and is also open source.

What use cases are there for NFT?

Non-fungible tokens can be used where virtual goods are assigned a token. This applies, for example, to music, digital art, or individual objects in computer games. Other popular use cases are:

• Metaverse NFT Use Cases : Because the Metaverse works just like the real world and involves real human participation, things like identity verification, asset transfers, and forms of exchange are required. This is where NFTs come in, as they offer all of this and more in the Metaverse.

• Play to Earn : When the tokens are connected to blockchain networks, in-game assets become transferrable and can be traded outside of the game. Any digital asset can be turned into a non-fungible token. This capability transforms blockchain games into play-to-earn (P2E) games. Play-to-earn is a game model that allows players to earn real money or other rewards while playing.

• Other NFT use cases are in the Player vs. Player segment or PVP. This type of game refers to a mode in multiplayer computer games in which two or more players or groups of players compete against each other. The term is practically only used for games that are primarily designed to be played together and offer different options. In PVP mode, participants can earn non-fungible tokens.

What are Cryptopunk's NFTs?

CryptoPunks are among the first projects in the field of NFTs. Software engineers Matt Hall and John Watkinson created exactly 10,000 CryptoPunks in 2017. Many of these CryptoPunks have now been auctioned for amounts in the millions and are among the most expensive NFTs.

The most expensive CryptoPunk was the so-called CovidAlien, an extraterrestrial with a face mask. The pixelated head changed hands for $11,754,000. The pandemic will have been a real price driver.

>>Trade NFTS on Binance now<<

NFT Guide: What is Opensa?

OpenSea , the flagship NFT trading platform, hit a record nearly $5 billion in volume in January with over 500,000 active traders. As the leading firm consolidates its monopoly position, small platforms stand little chance of making headway in the Ethereum-based NFT market. However, LooksRare seems to have found a way out with the so-called vampire attacks. Vampire attacks are a common practice to move users, and therefore liquidity, from one platform to another. For the transition, beginners usually receive an amount in tokens. So the vampire attack is platform piracy that lures users with a bonus system. Not illegal or awesome, but powerful as evidenced by LooksRare's growth numbers.

What is the Bored Ape Yacht Club (BAYC) ?

The Bored Ape Yacht Club is one of the collections of NFTs released during the heyday of the NFT hype. Because of this, many celebrities and brands have gotten their hands on this NFT collection. Bored Ape Yacht Club has launched in 2021 with unique images of monkeys.

The BAYC collection is already known in the media as one of the most famous collections of all. In December 2021, Bored Ape Yacht Club overtook CryptoPunks as the most expensive NFT. Bored Ape, along with other character-based NFTs, is "a status symbol for owners who regularly use their animated creatures as social media avatars."

According to CryptoSlam, the collection has amassed around 11,000 unique owners since its inception. On average, a bored ape was sold for 84 ethers, or about $344,000. Companies have been encouraged to buy Bored Ape NFTs. For example, Adidas bought one in September 2021. Many online media have reported on celebrities who collected BAYC in late 2021 and early 2022. Shaquille O'Neal, Eminem, Gwyneth Paltrow, Snoop Dogg, Stephen Curry, Mark Cuban, Post Malone, Paris Hilton, Serena Williams are among the celebrities who can call themselves BAYC NFT owners.

One of the most interesting news in the updated Bored Ape Yacht Club roadmap is a huge event. BAYC, Cyberkongz VX and Sandbox are said to be involved in this. There will also be a real meetup in Miami, this time exclusively for BAYC members. The Bored Ape Yacht Club roadmap continues to bear fruit!

What is Doodles NFT?

Doodles NFT is a collection of 10,000 NFT doodles, portraying different characters such as cats, little animals, people, and even aliens. They are sketched in a hand-drawn way, depicted in a light and fun way. This project came to life thanks to 3 main founders: Evan Keast, Scott Martin, and Jordan Castro. They recently launched their space Doodles, with the main theme revolving around...space.

Each Doodle has its own breakdown of 5 stats:

  • Piloting
  • Mechanical
  • Stamina
  • Bladder
  • Vibe
What is the MUTANT APE YACHT CLUB ?

MUTANT APE YACHT CLUB is a collection of 20,000 mutant monkeys that can only be created by influencing an existing Bored Ape with a flask of MUTANT SERUM, or by minting a Mutant Ape at a Public Sale.

To date, MAYC NFTs have had impressive results, not to mention their insane sales. According to DappRadar, the collection's all-time sales surpassed $847 million. Meanwhile, its minimum price reached 19.35 ETH, or around $60,000. No wonder they currently rank ninth among NFT collections in terms of all-time trading volume!

>>Trade NFTS on Binance now<<

What is Aavegotchi?

Aavegotchi is a Tamagotchi-inspired blockchain NFT game. Aavegotchi itself is available as an NFT. Each Aavegochi is unique and has individual characteristics. The more unique Aavegotchi's traits are, the rarer and more valuable it is. Aavegotchi allows users to create rare collectibles that they craft by depositing DeFi assets as collateral. These DeFi assets reside on the Aavegotchi lending platform. 

$GHST is the Aavegotchi ecosystem's default utility token and serves to unlock portals, wearables, and consumables. A small portion of $GHST token transactions go to AavegotchiDAO members to encourage smart decentralized governance. 

What is RTFKT-Clone-X ?

RTFKT-Clone-X is the first release in "a broad ecosystem of high-quality PFP avatars that enable the Metaverse. If you are looking for an NFT avatar that you can take anywhere, this is the right choice. Besides this interesting fact, one of the reasons for the success and great value of RTFKT-Clone-X is that the buyer can modify the characteristics of the NFT by accessing its 3D file and with the project of the famous artist Takashi Murakami's work.

>>Trade NFTS on Binance now<<

What is The Sandbox NFT?

The Sandbox opens up a decentralized, virtual gaming world and is powered by the world's largest crypto exchange, Binance. Thousands of individual NFTs can be found in the sandbox world.  The blockchain-based game allows players to create and monetize their own individual gaming experiences.

The sandbox game was developed in 2012 by the studios Pixowl and Animoca Brands. The video game was initially released for iOS and Android smartphones. It is a voxel-based game that uses polygons to graphically represent the game world. The world's most famous example of such a game is Minecraft.

Within the game world of the blockchain version of The Sandbox, gamers can purchase so-called parcels with digital currencies. One of these parcels is the LAND token, which represents 96 square meters of land in the game world. The LAND token is based on the Ethereum token standard ERC-721.

Players can then build their own objects on their properties or even develop their own smaller games.  The gamers own their creations. They are their own NFTs and therefore their unique digital property. More information about Non-Fungible Tokens (NFTs) here . 

NFT Guide: What is Decentraland MANA ?

Decentraland is a virtual world running on the Ethereum (ETH) network. Users can buy plots of land as NFT because they are stored as non-fungible tokens and then build on them. Decentraland MANA is one of the biggest NFT trends. Essentially, Decentraland is a virtual world. It is browser-friendly and available for free. Users first create an avatar and can use it to enter the world. Decentraland doesn't have the fixed objectives or gameplay loops typical of video games. This is the biggest difference between a game and a Metaverse world like Decentraland: the latter contains very different themes and features, with no specific goals or reward systems running throughout the game.

Instead, content in Decentraland is created entirely by the community, such as mini-games or 3D scenes. Therefore we speak of a decentralized platform, as the name Decentraland suggests. Likewise, players can simply use the virtual world as a place to learn, explore, or for commercial purposes. The technical background is also worth mentioning: Decentraland is a blockchain platform based on the cryptocurrency Ethereum.

>>Trade NFTS on Binance now<<

NFT© Cryptoticker

Mar 14, 2022 07:05

The Top 5 NFT Marketplaces

Non Fungible Tokens (NFTs) are the next big trend after the DeFi craze. They have been growing in popularity and impact lately. NFTs are Non Fungible Tokens, i.e. they are unique and not exchangeable on a 1:1 basis with other tokens. NFTs can be art, collectible cards, a person's time or provided services, game items, domains, etc. In short, all tokenizable real virtual "assets".

https://cryptoticker.io/en/tutorial-mint-nfts/

Why do they matter? Because they can be used convincingly to prove authenticity and ownership on the public blockchain. Just like the original items or things, they retain their worth, even though the duplicates are arguably easy to make. Just like the original Mona Lisa is worth more than the identical copy you have hanging at home.

https://cryptoticker.io/en/enjin-nonfungible-nfts/

Two Ethereum standards govern the creation, modification, and transfer of NFTs, namely ERC-721 (supporting single tokens creation and requiring a different smart contract every time) and ERC-1155 (supporting batch transfer and allowing a single smart contract to mint infinite tokens). To support the NFTs indexing and sale/transfer, different marketplaces have sprung up. The top 5 NFTs marketplaces are as follows.

What is an NFT?

NFTs are basically digital ownerships tokens, that run on blockchains that support smart contracts, such as Ethereum. Their non-fungibility is similar to real-world contracts, where you can’t trade one contract to another, because the “actual content” differs from each other. Same things for NFTs, where you can interchange them as their underlying “contract” changes with each one, hence their non-fungible nature.

5. Enjin Marketplace

Enjin is the official marketplace for Enjin based NFTs. It allows users to discover, buy and sell NFTs from the web-based interface and also the native Enjin wallet. The marketplace was potentially one of the earliest to go online. It allows users to pay with ENJ - the native Enjin token, however, ETH is still required to process transactions.

Enjin Marketplace - Overview

The platform is aimed at gamers especially, with different items usable across multiple games. Enjin marketplace has significant trading volume, lists thousands of assets, and features a clean clutter-less interface.

4. Rarible

Rarible offers minting and marketplace services for NFTs. It even has a governance token called RARI, which allows users to participate in voting on important matters. The users can keep the minted NFTs, gift them and sell them on the marketplace.

Rarible - Overview

The interface allows for creators to set "royalties" meaning that they can receive shares from every subsequent transfer of ownership. The interface is neat and filled with simple tutorials to help people navigate around.

3. Super Rare

Super rare, as the name states, deals in super rare art. It's an NFT marketplace that deals with unique digital art-works. The platform features a simplified experience, social profiles, mobile app, live auctions, extended payment options, and improved management.

Super Rare - Overview 2. Decentraland

Decentraland is an informal NFT marketplace, it's best described as a fully decentralized digital world - a Sims-like virtual reality. The users can purchase plots of land (non-fungible unique digital assets) that they can develop upon. It includes the record of the location, owner, content description, and access controls.

Somewhere in Decentraland

The Decentraland DAO holds important smart contracts and assets that makeup Decentraland. It also controls a high amount of MANA tokens which allows autonomous function, provision of subsidy, normal operation, etc. The community can vote on policy updates, future LAND auctions, determining the NFT contracts allowed, builder and marketplace, etc. In short, they can vote on, whatever they want to vote on. The governance mechanism is built-in and powered by Aragon.

1. OpenSea

The first and largest marketplace, OpenSea focuses on every type of Non-Fungible Token (NFT). It allows users to sell art, game items, collectibles, virtual stuff, domain names, etc. OpenSea variety and transaction volumes eclipse that of any other similar platform. The platform has auction features and integrations with crypto infrastructure.

OpenSea - Overview

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NFT Sales© Cryptoticker

Refinable Crypto is Changing The NFT Sector – Here’s How FINE did it!

Author: Owotunse Adebayo
Germany
Mar 10, 2022 08:20

Refinable Crypto is Changing The NFT Sector – Here’s How FINE did it!

Undoubtedly, the non-fungible token industry is one of the best things in the digital asset space. Creators and artists leverage the newfound popularity to create numerous digital products and sell them as NFTs. This adoption has brought waves of digital art sales for owners and assures better for their artworks. 2021 can be said to be one of the most successful years for these token types, with celebrities creating their digital products to sell to fans. Today, anybody can mint and sell their token on marketplaces. Even the mainstream media got interested in understanding this relatively new industry, especially after Beeple's NFT sale. The digital artist sold a digital artwork for $69 million, making it one of the most expensive artworks globally. In this article, we will be looking into how Refinable Crypto is changing the NFT sector.

What Are NFTs?

Non-fungible tokens are unique kinds of tokens that are limited in number. Unlike fungible tokens (tokens like Bitcoin), NFTs cannot be changed or replaced since most of these tokens are unique. You can easily replace your BTC with another BTC, but this is not the case with these asset types. Also, anything can be regarded as an NFT. For instance, you can choose to sell a picture, a video, a tweet, or even a meme as a non-fungible token. Despite being a new kind of industry, it has gotten the attention of many crypto enthusiasts, who have minted their art to profit from the industry. There are also numerous NFTs that have been sold at mouth-watering prices, such as Bored Ape and CryptoPunks.

What Is Refinable Crypto?

Refinable is a project that gives access to a platform for NFT creation. This project hopes to leverage the demands for non-fungible tokens, allowing people to create their digital art. Since the NFT industry's success, many artists have wanted to make their token, primarily due to the booming interest. This Binance Smart chain-based claims to proffer solutions to different problems associated with creating these token types, such as creation, utility, distribution, and discovery.

Users who use Refinable may find it easier to tokenize their artworks while making discovery a straightforward process. Users can decide to dispose of their assets through sales or gifting friends and family. Buyers may also benefit from using Refinable. For one, they get access to an array of NFTs, giving them exposure to the asset class. They can also choose to sell their purchase asset at a higher price.

Refinable is one of the few projects that improve non-fungible token discoverability. Discoverability is the ability of an item to be easily discovered. Without sufficient discoverability, investors will find it difficult to sell their NFTs. It does this by leveraging the new interest and audience in the industry. Many people are looking to get into the space, leading to higher sales.

What Makes Refinable Different?

According to the official website, users can utilize Refinable for their NFT needs. For one, it assured that creators could create their marketplace without using code. With this, you can create your private marketplace without knowing how to code.

Another noticeable advantage is the cross-chain support. This project claims to be compatible with a series of blockchains, such as Ethereum and Polygon, helping users meet their needs across blockchains. This is a welcome development that may help users leverage the advantages of multiple chains. Also, you can transfer your non-fungible tokens to this platform. This allows you to sell your old NFTs on Refinable. It's safe to note that marketplace owners can set their own platform fees while customizing it with numerous tools.

How Does It Work?

Refinable focuses on ensuring that creators create their dream NFTs while helping them with exposure. Buyers can access different marketplaces with artworks that may interest them. Since this platform houses some of the most popular NFTs, buyers can benefit from other digital products created by famous creators.

For one, users can own marketplaces to start their NFT journey. Owning a marketplace gives you some control over how you want your platform; this includes customization options and setting transaction fees. While there are still many plans in its roadmap, it has managed to help many creators access a decent platform. Refinable promises a lot of attractive features, which would get potential investors in buying its native token.

Some Notable Features

Refinable has some notable features, helping it stand out from other websites with a similar use case. This project supports ERC-20 and ERC-1155. It's quite uncommon to see platforms support two of the most popular Ethereum standards. With this, users can explore different token types. It's important to note that this project is based on BSC, a well-known blockchain. While most projects related to non-fungible tokens are based on Ethereum, Refinable stands out while leveraging on BSC's low gas fees and faster transaction settlement. Still, the platform assures a seamless transition when interacting with other chains.

Today, BSC is arguably one of the best blockchains in the industry. While Ethereum tops the number of NFT support, Binance Smart Chain is slowly gaining the industry's attention. This is due to many benefits, such as speed and scalability. Because Ethereum has scalability issues, the transaction settlement is much slower and more expensive. Still, Ethereum remains a favorite in the digital asset industry due to its programmability. Additionally, Refinable has one of the lowest gas fees in the industry because of BSC. It leverages this to offer services to customers at a competitive price.

Should You Buy $FINE?

$FINE token is the ecosystem's native token. It is an essential part of Refinable, helping the platform execute transactions. That said, you can use it for governance, necessary for making decisions. Because of the platform's potential, buying $FINE might be an excellent investment decision. While many exchanges are yet to list the asset, it should become more popular with more developments. Before investing in a digital asset, you have to do your research. Research is crucial to understanding the asset. When you understand it, you can decide to purchase it. Thankfully, $FINE is still cheap, a great entry for those interested in supporting the NFT ecosystem. This token is also one of the few NFTs projects based on BSC, differentiating it from the rest.

Fig.2 $FINE Chart on Coinmarketcap FINE Price Prediction - Will FINE Token go up?

$FINE has many potentials, mainly since many investors are willing to buy digital products as NFTs. Since there is a demand, NFTs will continue to grow in 2022. While writing this article, $FINE is trading at $0.1048 but can go up in the nearest future. First, the roadmap shows that Refinable will face some development changes, such as new features. This would likely attract new investors, who may profit from the bullish news.

In the next few months, this token may go as high as $0.210, provided the market continues to stabilize. Developments and partnerships may also help it increase in value. By the end of 2022, $FINE should be around $0.3 or go higher. Additionally, platform support would likely help it gain widespread adoption. Most exchanges don't support $FINE, but more investors will have access to it, increasing investments when they do. This is why many assets rally when a major exchange lists them. With the growing NFT trend, this project would likely become a favorite for many creators.

Conclusion

The NFT market is gradually undergoing massive changes, with more traders entering the scene. This factor has pushed analysts to tip $FINE for a massive bull run in the future. However, traders should know that trading in the market should be done with funds that one can lose. By so doing, there are more chances of gaining without worrying about the loss of investment. It is also advisable to ensure that portfolios are diversified in case of a general market decline.

© Cryptoticker

Can NFTs Give You Profits In A Bear Market?

Author: Owotunse Adebayo
Germany
Feb 12, 2022 07:10

Can NFTs Give You Profits In A Bear Market?

Since 2009 and the creation of Bitcoin, cryptocurrencies have continued to grow in popularity globally. The global adoption of these digital assets has continued to rise as its value plummets. Crypto enthusiasts and users can now use cryptocurrencies like Bitcoin to pay for goods and services. However, that growth and popularity have remained progressive and have birthed many more cryptocurrencies. This is not strange, as non-Blockchain entities have grown interested in Blockchain and cryptocurrencies. One of such digital assets is Non-fungible tokens (NFTs). The NFT market is relatively small, but the popularity of NFTs has been on an upward trajectory recently. In this article, we will try to know if traders can earn profits from NFTs during a bear market.

What Are NFTs?

NFTs are unique and distinguishable cryptographic assets found on a Blockchain. An NFT can also be described as a non-interchangeable data unit and digital ledger usually found on a Blockchain. While cryptocurrencies are assets that can be used as a medium of exchange, NFTS are non-identical and uniquely different. NFTs cannot be traded or exchanged like cryptocurrencies. NFTs are very distinct, and the creation of each NFT represents physical assets like art pieces and real estate. The presence of NFTs on the Blockchain means that they do not require intermediaries in their transactions.

NFT creators and traders are afforded a smooth transaction process via Blockchain without third-party interference. NFTs are already making transactions seamless between users despite being a new market. NFTs data units are usually digital files, including videos, audio, and pictures. It is also worthy to note that, like regular cryptocurrencies, NFTs contain ownership details. Possession of ownership details makes it easy to identify and transfer ownership from one user to another quickly.

How Does NFT Work?

NFTs are digital assets like cryptocurrencies, but they differ slightly in characteristics. Like fiat money like USD, cryptocurrencies are fungible and can be traded or exchanged. This means that the value of one Bitcoin is the same everywhere, just as the value of a USD everywhere. However, for NFTs, that is not the case. NFTs are unique and unparallel, making it difficult to equate one value to another. Each token contains a unique and non-transferable property that cannot be shared or possessed by another. This is why the price, value, characteristics, and properties of one NFT can never be equal to another.

Surprisingly, despite being unique, NFTs are extensible. This means that one can combine two different NFTs to produce a third unique NFT. NFTs are primarily found in the ERC-721 format. The ERC-721 format is unique and was developed by the engineers of the ERC-20 smart contract. One of the most famous examples of NFTs is the cryptokitties, which was launched in November 2017. Cryptokitties were a digital representation of cats found on Ethereum Blockchain and valued in Ether. The project amassed more than $20 million in 3 weeks, as investors took a keen interest in the NFT project.

Why You Should Buy NFTs In Bear Market

NFTs are a unique form of cryptocurrencies and are also volatile assets. Volatility in this instance means that their prices are not the same at every given time. However, like cryptocurrencies in a bear market, crypto analysts advise that NFT should be purchased in a bear market. There is no doubt that bear markets are usually associated with fear of the future or the unknown. Cryptocurrencies like Bitcoin and Ethereum have entered the bear markets in the past years, which also follows bull run.

However, with NFTs, their value is known to plummet in a short period or in the nearest future. Fortunately, many NFTs have proven to exceed expectations after the bear market, with investors making huge returns on their assets. Alternatively, the value of NFTs has also continued to be on the rise as the burgeoning market continues to grow. This trend implies that the best time for investors to get into NFTs is to invest in a bear market. The low risk and prices associated with a bear market implies that, should the asset collapse, losses will be low.

Top Three Marketplace To Buy NFT

NFTs continue to attract potential and existing crypto investors as the unique token market continues to boom. However, listed below are three of the best places where NFTs can be purchased:

Opensea

Founded by Devin Finzer and Alex Atallah, Opensea is a top place for NFT users to conduct their business. The Ethereum-based digital marketplace offers buyers an unfathomable collection list, providing creators with huge revenues. Currently boasting over 80 million NFTs and accepting more than 150 different tokens, Opensea is a global NFT giant. The digital marketplace boasts high trading volumes compared to others, and provides consumers with access to create and trade freely. Since it is built on the Ethereum chain, its number one currency is Ether.

FTX

Founded by investor-billionaire Sam Bankman-Fried, FTX remains one of the world's leading crypto exchanges. However, the Cross-Platform digital NFT marketplace of the Blockchain empire is currently making waves in the space. The marketplace allows users to create and mint their own NFTS, which can be sold or traded. The NFT marketplace is unique as users from Ethereum and Solana Blockchain can successfully trade their NFTs. Creators are the biggest beneficiaries of FTX, as their NFTs can reach a wider audience.

Rarible

Also built on Ethereum Blockchain, Rarible remains one of the leading pioneers of the NFT space. Its marketplace was one of the first globally and offers users easy minting and trading opportunities. The digital marketplace boasts a user-friendly interface and is known to incorporate even novices into the world of NFTs. Crypto analysts usually advise NFT newbies to trade on Raribles, as their bespoke service makes it easy to understand NFTs. Unfortunately, one of the limitations of Rarible is that it can only complete transactions with the rarible token (RARI).

Conclusion

NFTs are unique crypto tokens and assets with no equal value and are found on the Blockchain. The uniqueness and unparallel nature of the digital assets make it impossible to equate one value to another. They are better purchased in a bear market, as their value is known to rise in the future. Opensea, FTX, and Rariblles are the best digital marketplaces to trade NFTs.

© Cryptoticker

The post Can NFTs Give You Profits In A Bear Market? appeared first on CryptoTicker.

Jan 19, 2022 07:05

Want to Become a Millionaire with NFT? – Use these Platforms and be Creative!

News recently broke that a student from Indonesia became a millionaire with an NFT selfie. Can you do something like this too? Earning millions with NFTs is of course difficult and requires a bit of luck. However, if you have a creative streak and want to create digital artworks yourself, we advise using solid NFT platforms. Let's quickly recap what NFTs are, and recommend the best NFT marketplace around.

What are Non-Fungible Tokens?

NFTs are basically digital ownerships tokens, that run on blockchains that support smart contracts, such as Ethereum. Their non-fungibility is similar to real-world contracts, where you can’t trade one contract to another, because the “actual content” differs from each other. Same things for NFTs, where you can't interchange them as their underlying “contract” changes with each one, hence their non-fungible nature.

You might be asking, what’s the use of NFTs if those applications are already being used? Well, the keyword is “decentralized smart-contracts“. There’s something to that word that makes you feel….secure, no? Here is a list of real-life applications:

  • Identity Management
  • Artwork
  • Real Estate
  • Media and Entertainment
  • Gaming

NFT Millionaire? Use the Following NFT Platforms

#1 OpenSea

OpenSea is now the largest of the NFT platforms. The platform allows you to create, trade, buy and sell digital artworks. OpenSea offers a variety of different collections, in which some NFTs are sold for the equivalent of several thousand euros.

OpenSea was founded in 2017 and has now replaced Rarible as the number 1 among NFT platforms. Nowhere else will you find such a wealth of different collections. The platform is extremely easy to use.

#2 Rarible

Rarible is also one of the largest NFT platforms. Rarible used to have a larger trading volume than OpenSea. Nevertheless, on Rarible you have a good opportunity to create your own NFTs and offer them for sale within a collection.

Rarible has a strong individual focus on the artists. The creation process for NFTs is very convenient and individual. With its broad support for multiple blockchains, Rarible is a key competitor for OpenSea.

#3 FTX NFT

FTX is one of the largest crypto exchanges in the world. In October, FTX began offering NFTs based on the Solana blockchain. These NFT collections caused quite a stir last year. Meanwhile, FTX has already topped up its NFTs with Ethereum-based collections.

FTX NFT is among the NFT platforms that are relatively new. As a new feature, the main platform FTX continues to push its new collections. You can also offer your NFTs here and, with a lot of luck, earn large sums with your own collections.

NFT Sales© Cryptoticker

The post Want to Become a Millionaire with NFT? – Use these Platforms and be Creative! appeared first on CryptoTicker.

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