{"version":"https://jsonfeed.org/version/1.1","title":"Stephen Ajulu","home_page_url":"https://ajulu.netlify.app/","feed_url":"https://ajulu.netlify.app/tags/nfts/feed.json","description":"Hello, I'm Stephen Ajulu, a seasoned multidisciplinary tech professional with over a decade of experience. I build impactful solutions using design, tech, and engineering in the pursuit of impact.","icon":"https://ajulu.netlify.app/images/me.jpg","authors":[{"name":"Stephen Ajulu","url":"https://stephenajulu.com","avatar":"https://ajulu.netlify.app/images/me.jpg"}],"items":[{"id":"https://ajulu.netlify.app/posts/the-future-of-daily-tech-how-nfts-will-impact-your-future/","url":"https://ajulu.netlify.app/posts/the-future-of-daily-tech-how-nfts-will-impact-your-future/","title":"The Future of Daily Tech: How NFTs will Impact Your Future","summary":"The world of tech is constantly evolving, and one of the most exciting developments in recent years is the rise of Non-Fungible Tokens (NFTs).\nNFTs are a type of digital asset that use blockchain technology to verify ownership and uniqueness, and they are quickly becoming a hot topic in the tech world. In this article, we will explore the future of daily tech and how NFT technology will be a part of our daily lives.\n","content_html":"\u003cp\u003eThe world of tech is constantly evolving, and one of the most exciting developments in recent years is the rise of Non-Fungible Tokens (NFTs).\u003c/p\u003e\n\u003cp\u003eNFTs are a type of digital asset that use blockchain technology to verify ownership and uniqueness, and they are quickly becoming a hot topic in the tech world. In this article, we will explore the future of daily tech and how NFT technology will be a part of our daily lives.\u003c/p\u003e\n\u003ch3 id=\"introduction\"\u003eIntroduction\u003c/h3\u003e\n\u003cp\u003eAs we move further into the digital age, more and more of our daily lives are taking place online. From shopping to socializing to working, the internet has become an integral part of our daily routine. With the rise of NFTs, we are now seeing a new era of digital ownership and value, and this is set to have a profound impact on how we interact with technology in the future.\u003c/p\u003e\n\u003ch3 id=\"what-are-nfts\"\u003eWhat are NFTs?\u003c/h3\u003e\n\u003cp\u003eBefore we dive into how NFTs will be used in daily tech, let\u0026rsquo;s take a moment to define what they are. Non-Fungible Tokens are a type of digital asset that is unique and cannot be replicated. They are created using blockchain technology, which verifies ownership and ensures that they are one-of-a-kind. NFTs can take many forms, including artwork, music, videos, and more. They can be bought, sold, and traded just like physical assets, and their value is determined by supply and demand.\u003c/p\u003e\n\u003ch3 id=\"how-will-nfts-be-used-in-daily-life\"\u003eHow will NFTs be used in daily life?\u003c/h3\u003e\n\u003cp\u003eThe potential uses for NFTs in daily tech are vast and varied. Here are just a few examples of how NFT technology could be integrated into our daily lives:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003e\u003cstrong\u003eDigital Ownership\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eOne of the most significant ways that NFTs will be used in daily tech is through digital ownership. With NFTs, individuals can prove ownership of digital assets, such as artwork, music, and videos. This will enable creators to sell their work directly to consumers, cutting out middlemen like record labels and art dealers. Consumers will have the assurance that they are purchasing a one-of-a-kind item, and creators will have a new revenue stream.\u003c/p\u003e\n\u003col start=\"2\"\u003e\n\u003cli\u003e\u003cstrong\u003eGaming\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eGaming is one area where NFTs are already being used extensively. NFTs can be used to represent in-game items, such as weapons, armor, and skins. This means that players can buy, sell, and trade items with each other, just like physical assets. In addition, NFTs can be used to represent unique in-game achievements, such as completing a difficult quest or reaching a high level. This will give players a new way to show off their accomplishments and could lead to a more competitive gaming landscape.\u003c/p\u003e\n\u003col start=\"3\"\u003e\n\u003cli\u003e\u003cstrong\u003eReal Estate\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eAnother area where NFTs could have a significant impact is real estate. With NFTs, individuals can prove ownership of digital assets, such as virtual real estate. This could lead to a new era of virtual property ownership, where individuals can buy and sell virtual real estate just like physical real estate. This could be especially appealing in the world of virtual reality, where individuals can create and own their own digital spaces.\u003c/p\u003e\n\u003col start=\"4\"\u003e\n\u003cli\u003e\u003cstrong\u003eIdentity Verification\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eNFTs could also be used for identity verification. With NFTs, individuals can prove ownership of their digital identity, such as social media accounts, email addresses, and more. This could help prevent identity theft and give individuals more control over their online presence.\u003c/p\u003e\n\u003col start=\"5\"\u003e\n\u003cli\u003e\u003cstrong\u003eContent/File Verification\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eVerification is becoming increasingly important in the digital age, especially as we face challenges such as deep fakes and AI-generated content. These technologies make it easier than ever to create content that is indistinguishable from the real thing, which poses a significant threat to our ability to trust the information we consume online. One potential solution to this problem is the use of NFTs. Because NFTs are created using blockchain technology, they are virtually impossible to counterfeit. This means that NFTs could be used to verify the authenticity of digital content, such as photos, videos, and audio recordings.\u003c/p\u003e\n\u003col start=\"6\"\u003e\n\u003cli\u003e\u003cstrong\u003eIntellectual Property Protection\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eNFTs can also be used to protect intellectual property, such as copyrighted works or patented inventions. By using NFTs to establish ownership and authenticity, creators can protect their intellectual property and prevent unauthorized use.\u003c/p\u003e\n\u003col start=\"7\"\u003e\n\u003cli\u003e\u003cstrong\u003eSupply Chain Management\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eNFTs could also be used for supply chain management, which would help ensure the authenticity and traceability of goods. By using NFTs to track the movement of goods from production to consumption, companies could more easily prevent counterfeiting and ensure that goods are ethically sourced.\u003c/p\u003e\n\u003col start=\"8\"\u003e\n\u003cli\u003e\u003cstrong\u003eTicketing and Event Management\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eNFTs could be used to create verifiable digital tickets for events, such as concerts or sports games. By using NFTs to represent tickets, event organizers could more easily prevent fraud and ensure that attendees have a seamless experience.\u003c/p\u003e\n\u003col start=\"9\"\u003e\n\u003cli\u003e\u003cstrong\u003eEducation\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eNFTs could also be used in education, by providing a way to track the authenticity and ownership of digital credentials, such as diplomas or certificates. This would help prevent fraud and make it easier for people to verify their educational achievements.\u003c/p\u003e\n\u003col start=\"10\"\u003e\n\u003cli\u003e\u003cstrong\u003ePersonal Finance\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eNFTs could have applications in personal finance, by providing a way to track the ownership and authenticity of assets such as stocks, bonds, or cryptocurrencies. This would help prevent fraud and make it easier for individuals to manage their investments.\u003c/p\u003e\n\u003col start=\"11\"\u003e\n\u003cli\u003e\u003cstrong\u003eHealthcare\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eNFTs could also be used in healthcare, by providing a way to track the ownership and authenticity of medical records and prescriptions. This would help ensure that patients receive the correct treatments and prevent fraud.\u003c/p\u003e\n\u003col start=\"12\"\u003e\n\u003cli\u003e\u003cstrong\u003eSocial Media\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eFinally, NFTs could have applications in social media, by providing a way to verify the authenticity and ownership of digital content shared on social platforms. This would help prevent the spread of fake news and misinformation, and make it easier for creators to monetize their content.\u003c/p\u003e\n\u003ch2 id=\"conclusion\"\u003eConclusion\u003c/h2\u003e\n\u003cp\u003eThe rise of NFT technology is set to have a profound impact on daily tech. From digital ownership to gaming to real estate and identity verification, NFTs are poised to become a ubiquitous part of our digital lives.\u003c/p\u003e\n","date_published":"2023-03-03T08:16:00+03:00","image":"https://ajulu.netlify.app/images/photo-1643101681441-0c38d714fa14.png","tags":["NFTs","NFT","non fungible token","non fungible tokens","blockchain","digital ownership","authenticity","gaming","real estate","healthcare","education","finance","social media","tech","technology","digitalcredentials","aiverification","technology","tokens","cryptography","crypto"]},{"id":"https://ajulu.netlify.app/posts/25-upcoming-nft-projects-to-invest-in-and-get-in-on-early/","url":"https://ajulu.netlify.app/posts/25-upcoming-nft-projects-to-invest-in-and-get-in-on-early/","title":"25 Upcoming NFT Projects to Invest in and Get In on Early","summary":"NFTs might just be the hottest thing in the crypto sphere. When shopping for the best NFTs to invest in, such as Bored Ape Yacht Club or CryptoPunks, you’ll be spending at least 70 to 80 ETH. While NFTs are still relative newcomers to the art world, they’re drawing a significant amount of buzz and collectors are willing to pay a premium for top NFTs. The time to buy is when new NFT projects are just getting off the ground, and that means getting on the whitelist or VIP list. So how do you invest in the best upcoming NFT projects?\n","content_html":"\u003cp\u003eNFTs might just be the hottest thing in the crypto sphere. When shopping for the best NFTs to invest in, such as Bored Ape Yacht Club or CryptoPunks, you’ll be spending at least 70 to 80 ETH. While NFTs are still relative newcomers to the art world, they’re drawing a significant amount of buzz and collectors are willing to pay a premium for top NFTs. The time to buy is when new NFT projects are just getting off the ground, and that means getting on the \u003ca href=\"https://learn.bybit.com/nft/what-is-nft-whitelist/\"\u003ewhitelist\u003c/a\u003e or VIP list. So how do you invest in the best upcoming NFT projects?\u003c/p\u003e\n\u003cp\u003eIt can be tough to cut through the digital clutter and discover the NFT projects that really resonate with you — or the NFT projects that are most likely to succeed. How can you decide which NFTs to invest in? With the right investment plan, knowing what you want from top NFTs, and active involvement in upcoming NFT projects, you can be prepared for anything that comes your way.\u003c/p\u003e\n\u003ch2 id=\"what-are-nfts\"\u003eWhat Are NFTs?\u003c/h2\u003e\n\u003cp\u003eAn \u003ca href=\"https://learn.bybit.com/crypto/what-is-a-non-fungible-token/\"\u003eNFT\u003c/a\u003e (non-fungible token) is unique data stored on a digital ledger that acts as a collectible digital asset. Popular \u003ca href=\"https://learn.bybit.com/nft/what-are-blue-chip-nfts/\"\u003eblue chip NFTs\u003c/a\u003e such as \u003ca href=\"https://learn.bybit.com/defi/what-is-bored-ape-yacht-club-nft-collection/\"\u003eBAYC\u003c/a\u003e and \u003ca href=\"https://www.coolcatsnft.com/\"\u003eCool Cats\u003c/a\u003e hold value, much like physical art, making them among the best NFTs to invest in. Recently, there’s been a huge stir on the scene, since speculators are on the lookout for top upcoming NFT projects so they can make a quick buck. However, it’s important to note that while it can be profitable to flip these top NFT projects, it’s also possible for them to skyrocket in value once \u003ca href=\"https://www.merriam-webster.com/dictionary/FOMO\"\u003eFOMO\u003c/a\u003e kicks in.\u003c/p\u003e\n\u003ch2 id=\"how-to-find-worthwhile-upcoming-nft-projects\"\u003eHow to Find Worthwhile Upcoming NFT Projects\u003c/h2\u003e\n\u003cp\u003eNFTs are popular, with a plethora of new and upcoming NFT projects launched weekly — if not daily. How can you find the best NFTs to invest in?\u003c/p\u003e\n\u003cp\u003eSeveral factors can play a role in your decision to invest in new NFT projects, including:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe community behind the new NFT projects, which may be on Discord, Twitter, Instagram, or another social media platform\u003c/li\u003e\n\u003cli\u003eThe plans outlining the road maps of the new NFT projects\u003c/li\u003e\n\u003cli\u003eThe founders, who may include notable artists, celebrities, or tech gurus\u003c/li\u003e\n\u003cli\u003eAvailability on popular platforms, including \u003ca href=\"https://learn.bybit.com/nft/what-is-magic-eden/\"\u003eMagic Eden\u003c/a\u003e or \u003ca href=\"https://learn.bybit.com/nft/what-is-opensea/\"\u003eOpenSea\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003eUnique properties of top NFTs\u003c/li\u003e\n\u003cli\u003eThe amount you want to spend\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eSome upcoming NFT projects may also feature physical as well as digital assets, which can play a role in your investment decisions. These might include physical copies of digital art — or it could mean memberships, access to special features in gaming worlds, or special access to digital or real-world events. These may also be considerations when determining which NFTs are the best for you to invest in. Visiting sites such as \u003ca href=\"https://rarity.tools/\"\u003erarity.tools\u003c/a\u003e can be a great way to narrow your options for which NFTs you want to invest in.\u003c/p\u003e\n\u003ch2 id=\"best-nfts-to-invest-in\"\u003eBest NFTs to Invest In\u003c/h2\u003e\n\u003ch3 id=\"1-illuvium\"\u003e#1: \u003ca href=\"https://www.illuvium.io/\"\u003eIlluvium\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eFor gamers, Illuvium might just be one of the most exciting upcoming NFT projects in which to invest. Illuvium is a fantasy \u003ca href=\"https://www.britannica.com/topic/role-playing-video-game\"\u003erole-playing game\u003c/a\u003e built on the \u003ca href=\"https://learn.bybit.com/altcoins/what-is-ethereum-and-how-does-it-work/\"\u003eEthereum\u003c/a\u003e blockchain. Introduced in January 2021 as a decentralized collection of NFTs, it’s one of the best new NFT projects.\u003c/p\u003e\n\u003cp\u003ePlayers can earn one of more than 100 Illuvials, each of which has a different affinity, class, and ability. You can capture, fuse, upgrade, and store your Illuvials, and enjoy shiny, cosmic, or holographic designs in fighter, rogue, and empath classes. Illuvials can be used in battles and can capture enemy Illuvials that have been defeated. They can also merge and become more powerful, or create synergy with other Illuvials.\u003c/p\u003e\n\u003cp\u003eTo help facilitate easy trading of your assets with your peers, you can trade them instantly with no gas fees. Store your in-game Illuvials in shards and your NFTs in \u003ca href=\"https://learn.bybit.com/investing/best-non-custodial-wallets-crypto/\"\u003ecrypto wallets\u003c/a\u003e. NFTs grant you staking power, allowing you to vote on future changes in the project. Follow Illuvium on\u003ca href=\"https://twitter.com/illuviumio/?lang=en\"\u003e social media\u003c/a\u003e for the latest news and updates.\u003c/p\u003e\n\u003ch3 id=\"2-imaginary-ones\"\u003e#2: \u003ca href=\"https://opensea.io/collection/theimaginaryones\"\u003eImaginary Ones\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003e\u003ca href=\"https://www.imaginaryones.com/\"\u003eImaginary Ones\u003c/a\u003e is an art lover’s dream and is an excellent option as one of the best NFTs to invest in. Based on the Ethereum network, Imaginary Ones is an exciting 3D art project with an initial drop of 8,888 unique NFTs designed to spread “love, positivity, and creativity.” The project was created by Singaporean artists \u003ca href=\"https://twitter.com/cmttat\"\u003eCmttat\u003c/a\u003e and \u003ca href=\"https://twitter.com/heygentlewhale\"\u003eGentle Whale\u003c/a\u003e, and the team that designs Imaginary Ones has more than a decade of experience working with such top clients as Apple, Samsung, and Nike.\u003c/p\u003e\n\u003cp\u003eSupporters are encouraged to follow Imaginary Ones on Twitter for an opportunity to get on the whitelist for upcoming NFT project drops, and for information about new NFT projects and how to avoid high gas fees.\u003c/p\u003e\n\u003ch3 id=\"3-invisible-friends\"\u003e#3: \u003ca href=\"https://invisiblefriends.io/\"\u003eInvisible Friends\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eAs an upcoming NFT project that’s built up a tremendous amount of hype in recent months, Invisible Friends by \u003ca href=\"https://twitter.com/motionmarkus\"\u003eMarkus Magnusson\u003c/a\u003e should definitely be on your radar if you’re an NFT collector. Thanks to its novel concept of attaching clothing to its invisible walking characters, the NFT project has caught the eyes of many investors and collectors. Beyond its attention-grabbing art style, many liken Invisible Friends to other best NFTs to invest in like \u003ca href=\"https://doodles.app/\"\u003eDoodles\u003c/a\u003e and Cool Cats because the NFT’s designs are simple, bright, and easy to digest upon first inspection.\u003c/p\u003e\n\u003cp\u003eAlthough not much is yet known of the roadmap Markus has in mind, we do know that owning an Invisible Friends NFT grants you access to the 3D Invisible Collection sometime later this year and future collections from the Random Character Collective. Minting will be on 23rd February for those lucky enough to get whitelisted so active community members and owners of \u003ca href=\"https://www.slimhoods.com/\"\u003eSlimHoods\u003c/a\u003e and \u003ca href=\"https://moodrollers.com/\"\u003eMoodRollers\u003c/a\u003e will be duly rewarded. Fear of missing out on the Invisible Friends hype train? Make sure you keep a close eye on their \u003ca href=\"https://discord.com/invite/rndm\"\u003ediscord server\u003c/a\u003e so you can stay updated on any Invisible Friends news.\u003c/p\u003e\n\u003ch3 id=\"4-hape-prime\"\u003e#4: \u003ca href=\"https://opensea.io/assets/0x4db1f25d3d98600140dfc18deb7515be5bd293af/1\"\u003eHAPE Prime\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eBuilt on the Ethereum blockchain, the 3D HAPE Beast Prime tokens are scheduled to be released this month. The 3D-meta-ready Apes are the brainchild of London-based Digimental, which has designed and styled the collection, creating new art and fashion for the apes and begetting a whole new metaverse.\u003c/p\u003e\n\u003cp\u003eAlso associated with the Bored Ape Yacht Club, \u003ca href=\"https://opensea.io/Digimental\"\u003eDigimental\u003c/a\u003e has given each HAPE Beast a sharp, clean image with crisp lines and brilliant colors. The initial mint includes 8,192 unique HAPE Beasts, all of which feature plenty of customization options, providing plenty of choices.\u003c/p\u003e\n\u003cp\u003eThe HAPE Beast NFT tokens are built on the Ethereum blockchain, and the gas wars opened in mid-January, granting potential buyers the opportunity to mint their HAPE Beasts at a price of just 0.2 ETH. \u003ca href=\"https://discord.gg/hapebeast\"\u003eHAPE Beast’s Discord\u003c/a\u003e has so far attracted more than 330,000 members seeking community and the sense of style promised by the HAPE Beasts. Follow them on social media for the latest news and updates with regard to their upcoming NFT projects.\u003c/p\u003e\n\u003ch3 id=\"5-dape\"\u003e#5: \u003ca href=\"https://www.degenape.academy/\"\u003eDAPE\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003e\u003ca href=\"https://upcomingnft.net/event/dape-nft/\"\u003eDegenerate Ape Academy\u003c/a\u003e, or DAPE, is one of the best \u003ca href=\"https://learn.bybit.com/altcoins/what-is-a-solana-sol-coin/\"\u003eSolana\u003c/a\u003e NFT projects. It’s led by Obbotis1, head of project management; Monoliff, in charge of the art and development team; and Conorholds, who manages development. DAPE contains 10,000 unique monkeys acting as an interface for users to exchange digital assets. Buyers own all intellectual property rights to their new top NFTs — which are protected by smart contracts — and can mint as many monkeys as they like.\u003c/p\u003e\n\u003cp\u003eMonkeys have various characteristics, including clothing, skin, fur, and glasses, with plenty of possible combinations. The features are classified according to a hierarchy ranging from common and uncommon to rare and mythical, which helps NFT investors and traders understand the likelihood of minting. For fans of the BAYC, this can be an excellent alternative and one of the best Solana NFT projects. If you’re looking for upcoming NFT projects to invest in, you really can’t go wrong here.\u003c/p\u003e\n\u003cp\u003eDAPE is Solana’s first million-dollar NFT collection, as well as one of the most hyped collections in the NFT space. Collectors can easily access and invert these NFTs affordably, making them incredibly popular with buyers of all skill levels — especially for those who want to get in on the ground floor of one of the best Solana NFT projects in the crypto marketplace today.\u003c/p\u003e\n\u003ch3 id=\"6-stoner-ape-club\"\u003e#6: \u003ca href=\"https://opensea.io/collection/sac\"\u003eStoner Ape Club\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eAs one of the best NFT tokens that’s related to chasing the dragon, this collection of 6,666 stoner apes is ready to help you kick back and relax. Each ape is unique, based on hundreds of uncommon features, and designed to create a one-of-a-kind neighborhood. There’s a wide variety of competitions, sneak peeks, and more to start whitelists and minting designed to get followers excited about their upcoming NFT projects.\u003c/p\u003e\n\u003cp\u003eAmong the principal minds behind the Stoner Ape Club are Kreo, Brandon Delgados, Alex Arteaga, and Truls Aandal. Collectors of top NFTs and gamers whose stated goal was to create an NFT-loving community, initially created branded products that included rolling trays and papers. However, they soon expanded with the idea of a metaverse, a virtual dispensary, and more. The whitelist presale began on January 29, 2022, with 4,000 spots opening, and the public sale for the remaining 2,666 spots opened the next day. Buyers earned whitelist access through events like giveaways and quizzes. \u003ca href=\"https://twitter.com/StonerApeClub?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eFollow them\u003c/a\u003e to stay updated on what NFTs to invest in.\u003c/p\u003e\n\u003ch3 id=\"7-star-atlas\"\u003e#7: \u003ca href=\"https://play.staratlas.com/\"\u003eStar Atlas\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eIf there’s one upcoming NFT project we have to talk about, it’s \u003cem\u003eStar Atlas\u003c/em\u003e, an exciting blockchain-based game set in the year 2620 with brilliant cinematic quality and immersive content. These features set it squarely among the best NFT projects built on the Solana blockchain. It’s fast, secure, and efficient, completing about 50,000 \u003ca href=\"https://learn.bybit.com/glossary/definition-transactions-per-second-tps/\"\u003eTPS\u003c/a\u003e, with super-low transaction fees and an innovative deflationary mechanism that enables players to enjoy higher rewards for engaging in risky activities. For gamers considering what NFTs to invest in, \u003cem\u003eStar Atlas\u003c/em\u003e is a great choice.\u003c/p\u003e\n\u003cp\u003eTheir latest drop in December 2021 included more than $3 million in NFT spaceships, which are part of their Galactic Asset Offerings. Revenue from the sales will be used to develop the \u003cem\u003eStar Atlas\u003c/em\u003e metaverse. Additional in-game items are available for purchase during the NFT drops. Follow them on \u003ca href=\"https://twitter.com/staratlas?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003esocial media\u003c/a\u003e for information about their latest drops and new NFT projects.\u003c/p\u003e\n\u003ch3 id=\"8-pixelmon\"\u003e#8: \u003ca href=\"https://pixelmon.club/\"\u003ePixelmon\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cem\u003ePixelmon\u003c/em\u003e might most readily be compared to Pokémon for its highly addictive collectible top NFTs and fun, quirky gaming style. This play-to-earn metaverse is easy to get drawn into. You can trade, train, and battle your Pixelmons against others in the Pixelmon gaming world. For both gamers and collectibles fans, this new NFT project is one of the most exciting to arrive on the scene in a while.\u003c/p\u003e\n\u003cp\u003eThe first generation of NFTs, called Genesis, will have more than 100 unique species, and there will be a total of 10,000 droppings. Phase 1 will roll out in the second quarter of 2022, and Gen 1 eggs will be available for purchase and minting in the Pixelverse, which includes land and a variety of housing units that you can purchase or rent.\u003c/p\u003e\n\u003cp\u003ePixelmon uses a dutch auction style, starting with a specific set price and then allowing community members to purchase NFTs at their chosen prices, which can mitigate the risk of gas wars, in addition to lowering fees. This can also help increase funding and improve the overall quality of the metaverse. Follow the progress of Pixelmon’s new NFT projects \u003ca href=\"https://twitter.com/ThePixelmon?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003ehere\u003c/a\u003e.\u003c/p\u003e\n\u003ch3 id=\"9-cryptoon-goonz\"\u003e#9: \u003ca href=\"https://opensea.io/collection/cryptoongoonz\"\u003eCryptoon Goonz\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eTattoo artist \u003ca href=\"https://twitter.com/SeanTat2s?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003e@SeanTat2s\u003c/a\u003e is the creative genius behind Cryptoon Goonz, one of the most talked about up-and-coming NFT projects. It has an old-school Mickey Mouse-esque look and feel. These fun, throwback cartoon-style NFTs live on the Ethereum blockchain and are styled with unique hip-hop and streetwear designs. They’re full of fresh, feisty references and are ready to spice up your crypto collection, with a \u003ca href=\"https://www.cryptoongoonz.com/other\"\u003eDiscord community\u003c/a\u003e that’s more than 10,000 strong. A total of 7,000 characters will be released, with each one consisting of eight properties of various rarities ranging from common to ultra-rare. Note: A few of these NFTs even have special hidden attributes.\u003c/p\u003e\n\u003cp\u003eFollow their \u003ca href=\"https://twitter.com/Cryptoon_Goonz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003esocial media\u003c/a\u003e for a chance to get on the whitelist.\u003c/p\u003e\n\u003ch3 id=\"10-wonderpals\"\u003e#10: \u003ca href=\"https://twitter.com/WonderPals?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eWonderPals\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eWonderPals is still in progress, scheduled to release sometime in the first quarter of 2022. This NFT collection can be described simply as wholesome. It includes 10,000 cotton candy-colored characters with simple, clean lines and bright, sunny faces. For fans of collectibles, these top NFTs are cute, fun, and friendly.\u003c/p\u003e\n\u003cp\u003eCreated through a collaboration with \u003ca href=\"https://coolmansuniverse.com/\"\u003e@CoolmanUniverse\u003c/a\u003e, some of these sweet drops of sunshine even have a few special traits for their holders to enjoy. The stated promise of \u003ca href=\"https://www.wonderpals.com/#about\"\u003eWonderPals\u003c/a\u003e is to spread joy and kindness throughout the year, and if you decide to collect them, we think you’ll agree. If you’re looking for NFTs to invest in, this is a great choice. You can follow them on \u003ca href=\"https://www.instagram.com/wonderpalsnft/\"\u003esocial media\u003c/a\u003e for an opportunity to join their Discord and get an invitation to their whitelist for more upcoming NFT projects.\u003c/p\u003e\n\u003ch3 id=\"11-solsand\"\u003e#11: \u003ca href=\"https://solanart.io/collections/solsand\"\u003eSolSand\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003e\u003ca href=\"https://solsand.io/\"\u003e\u003cem\u003eSolSand\u003c/em\u003e\u003c/a\u003e brings NFTs to the gaming metaverse, promising to build a new paradigm offering its users the opportunity to build the worlds of their dreams in the upcoming Solanaverse. As one of the best Solana NFT projects, the digital art has a unique stylized look and feel, designed specifically for those who love anime art.\u003c/p\u003e\n\u003cp\u003e\u003cem\u003eSolSand\u003c/em\u003e NFT holders are assigned specific plots of land in the Solanaverse and are airdropped $VERSE, in-game tokens, and currency. Verified holders receive entry to the Sand Society, which grants them access to the whitelist for special releases and information on upcoming NFT projects.\u003c/p\u003e\n\u003cp\u003eWhile \u003cem\u003eSolSand\u003c/em\u003e goes beyond the idea of conventional art, it builds on philosophies and ideas. The Solanaverse will be a fully augmented VR metaverse, with the NFTs acting as the keys allowing access, making it one of the best Solana NFT projects. The first generation was minted on January 15, 2022, with future generations yet to be announced. \u003cem\u003eSolSand\u003c/em\u003e will be minted in drops of 2,500 each.\u003c/p\u003e\n\u003cp\u003eFollow them on \u003ca href=\"https://twitter.com/SolSand_io?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003esocial media\u003c/a\u003e for the latest updates and information on their upcoming NFT projects and tokens.\u003c/p\u003e\n\u003ch3 id=\"12-gooniez-gang\"\u003e#12: \u003ca href=\"https://gooniezgang.com/\"\u003eGooniez Gang\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eThe Gooniez Gang is a collection of 7,777 NFT tokens in the form of 3D metaverse characters. From the minds behind \u003cem\u003eTransformers\u003c/em\u003e and \u003cem\u003eX-Men\u003c/em\u003e, this gang of brilliant, sleekly designed collectible duck-billed Gooniez is ready to burst onto the scene and take the NFT world by storm. Each Goonie has a unique look and feel. During the first phase of the project, designers are working to establish strong community support, and so far they’re right on point. Followers love the Gooniez.\u003c/p\u003e\n\u003cp\u003eOnce the project is live, the early buyers will have access to exclusive Gooniez merchandise featuring individual NFTs. They’ll also have a stake in the project, which means they can vote for events, donations, and the future direction of the Gooniez Gang. Follow them on \u003ca href=\"https://twitter.com/GooniezNFT\"\u003eTwitter\u003c/a\u003e and \u003ca href=\"https://www.instagram.com/gooniezgangnft/\"\u003eInstagram\u003c/a\u003e for the latest info and the opportunity to be whitelisted.\u003c/p\u003e\n\u003ch3 id=\"13-crypto-baristas\"\u003e#13: \u003ca href=\"https://opensea.io/assets/0xb66a603f4cfe17e3d27b87a8bfcad319856518b8/9720425186420365222353899819497168751076639606951250294350818944954633551881\"\u003eCrypto Baristas\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eDo you love coffee as much as you love crypto and learning about what upcoming NFT projects to invest in? Then Crypto Baristas is just the project for you — and one of the best NFTs to invest in for the experience alone. It was initially designed by Coffee Bros., a New York City-based roastery, which is using the new NFT projects to fund its brick-and-mortar cafe. Its cute and caffeinated baristas are available on the Rarible platform, and the income the top NFT tokens bring in will be used to fund a real-life cafe, with a focus on art and innovation.\u003c/p\u003e\n\u003cp\u003eThe first season will feature 60 digitally hand-drawn characters, with three new characters being released each week. Holders of top NFT tokens will enjoy discounts on merchandise, drinks with coffee partners, and a staking interest in the project’s future. Follow them on \u003ca href=\"https://twitter.com/cryptobaristas?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003esocial media\u003c/a\u003e for their latest news.\u003c/p\u003e\n\u003ch3 id=\"14-autograph\"\u003e#14: \u003ca href=\"https://autograph.io/\"\u003eAutograph\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eAutograph might just be one of the best NFTs to invest in for sports and celebrity fans. Co-founded by Tom Brady, Autograph is more of an experience than a project. One of the more vibrant new NFT platforms, it focuses on athletes but is soon expanding into the field of entertainment with digital experiences and memorabilia. Autograph uses the Polygon blockchain, which relies on Ethereum but uses less energy, thus lowering gas fees.\u003c/p\u003e\n\u003cp\u003eIts top NFTs have attracted some pretty big names, partnering with such athletes as Tiger Woods, Derek Jeter, Naomi Osaka, Usain Bolt, and Wayne Gretzky. It’s also attracted celebrities outside the realm of sports, including \u003ca href=\"https://www.theweeknd.com/\"\u003eThe Weeknd\u003c/a\u003e, and the horror series, \u003cem\u003eSaw\u003c/em\u003e. The project intends to expand soon and has announced a deal with DraftKings. It’s also finalizing other partnerships and will be disclosing them soon. Stay tuned for more of Autograph’s upcoming NFT projects by following them on \u003ca href=\"https://twitter.com/Autograph?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eTwitter\u003c/a\u003e.\u003c/p\u003e\n\u003ch3 id=\"15-soundxyz\"\u003e#15: \u003ca href=\"https://www.sound.xyz/\"\u003eSound.xyz\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eThe soundtrack of our lives just got a little richer thanks to Sound.xyz. If you’re a music fan, this is definitely one of the best upcoming NFT projects to invest in. This novel startup takes auditory and visual NFTs and connects musicians to listeners by creating a suite of tools through which music is released directly to the public. So far, Sound.xyz has raised $5 million through a variety of artists, crypto angel investors, and other funding.\u003c/p\u003e\n\u003cp\u003eSound.xyz has the potential to change the way music is introduced, produced, and delivered. Users can support the artists they love, and artists can work directly with listeners to create art that resonates. Artists can produce a limited supply of top NFTs when releasing music, and listeners who purchase top NFT tokens have the opportunity to leave a comment at a certain moment in a specific song. They can also trade the NFTs, after which time the new owner can overwrite the original comment on the token.\u003c/p\u003e\n\u003cp\u003eSound.xyz has been dropping 25 comments-as-tokens tied to individual singles, priced at 0.1 ETH each, and 25 collectors will be designated to receive an additional token. If you’re looking for the best NFTs to invest in, this one should absolutely be on your list.\u003c/p\u003e\n\u003ch3 id=\"16-celopunks\"\u003e#16: \u003ca href=\"https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/47929989441841974331943911587974273193984077643216056272095487307232604848129\"\u003eCeloPunks\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eBuilt on the Celo Network, \u003ca href=\"https://celopunks.club/\"\u003eCeloPunks\u003c/a\u003e is the first official collection of NFTs on the Celo marketplace. Collectors looking for NFTs to invest in will certainly love these top NFTs, and with good reason.\u003c/p\u003e\n\u003cp\u003eCreated as an homage to the \u003ca href=\"https://opensea.io/collection/og-punks\"\u003eOG Punks\u003c/a\u003e, CeloPunks are simple, digital trading cards that grant holders a stake in the Celo ecosystem and voting rights in any upcoming NFT projects. Along with stake functionality, holders will also be able to use their NFTs to earn $CPUNK tokens passively.\u003c/p\u003e\n\u003cp\u003eMultiple collections are in the works, and there will be a few super-rare NFTs available as well. Only those who stake $CPUNK LP tokens will have access to these super-rare top NFTs. Follow the project’s progress and receive inside information about their projects on the \u003ca href=\"https://twitter.com/celopunks?lang=en\"\u003eCelo social media feed\u003c/a\u003e.\u003c/p\u003e\n\u003ch3 id=\"17-turners-digital-paintings\"\u003e#17: \u003ca href=\"https://lacollection.io/?utm_term=nft%20painting\u0026amp;utm_campaign=USA-En-G%C3%A9n%C3%A9rique\u0026amp;utm_source=adwords\u0026amp;utm_medium=ppc\u0026amp;hsa_acc=6293340725\u0026amp;hsa_cam=15568505182\u0026amp;hsa_grp=132755619482\u0026amp;hsa_ad=569590577962\u0026amp;hsa_src=g\u0026amp;hsa_tgt=kwd-1204425746808\u0026amp;hsa_kw=nft%20painting\u0026amp;hsa_mt=b\u0026amp;hsa_net=adwords\u0026amp;hsa_ver=3\u0026amp;gclid=Cj0KCQiArt6PBhCoARIsAMF5wah8Wj-gD9Yy-EIVJU-gkZMfMYxELZjSwvaYRTi9dGZ8fscZqHaBssAaAiYdEALw_wcB\"\u003eTurner’s Digital Paintings\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eHave you ever wanted your very own NFT masterpiece? For a limited time, you can purchase a J.M.W. Turner watercolor in digital form, thanks to the British Museum. Turner has been called “the painter of light,” and he was arguably the most influential watercolor painter. His landscapes and seascapes are breathtaking. For a limited time, you have the opportunity to own one or more of his works.\u003c/p\u003e\n\u003cp\u003eClassical art fans seeking NFTs to invest in, newcomers to NFT projects, and anyone interested in top NFT projects will love this venture. One of the first marriages between traditional and digital art, it might just change the way NFTs are seen among the general public.\u003c/p\u003e\n\u003cp\u003eThe British Museum is selling digital copies of these Turner watercolors as NFTs. This collection of 60 paintings was bequeathed to the museum by Robert Wylie Lloyd, a former Christie’s chairman and art collector. The 20 chosen to create NFTs will be divided into three categories. Four will be open editions, seven will be super-rare, and nine will be ultra-rare. The private sale begins on February 8, 2022, and the public sale begins the next day. This is a great opportunity for you to get in on one of the best NFTs to invest in — and a chance to get your hands on some fantastic art, too.\u003c/p\u003e\n\u003ch3 id=\"18-world-of-women\"\u003e#18: \u003ca href=\"https://worldofwomen.art/\"\u003eWorld of Women\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eCrypto has a bit of a reputation as a “boy’s club,” but World of Women is turning that image on its head. If you want to support women in tech, then this might be a great NFT to invest in. World of Women has 10,000 brilliant works representing women. Created by \u003ca href=\"https://www.youtube.com/watch?v=qFNIKeZeODY\"\u003eYam Karkai\u003c/a\u003e, WoW’s top NFT tokens sold out almost immediately when launched, generating more than $40 million in just two weeks. The first pieces have already become collector’s items, and the project holds immense promise as more influencers discover and promote it. Follow WoW on \u003ca href=\"https://twitter.com/worldofwomennft?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eTwitter\u003c/a\u003e for the latest updates and information on their new NFT projects.\u003c/p\u003e\n\u003ch3 id=\"19-metavillage\"\u003e#19: \u003ca href=\"https://solanart.io/collections/metavillage\"\u003eMetavillage\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003e\u003cem\u003eMetavillage\u003c/em\u003e, one of the best Solana NFT projects currently available, is part of the Solana metaverse. These top NFTs consist of 9,159 randomly generated islands. You can own your village and “play to pay,” earning a passive income of village coins.\u003c/p\u003e\n\u003cp\u003eWhat makes this project one of the best NFTs to invest in is its road map, which ensures that a percentage of the presale profits will maintain the project’s liquidity for Village Coins and LP tokens. This will help the token maintain a steady price for the next stage of the project. Players who find Golden Totems or Golden Sharks on their islands will win cash prizes.\u003c/p\u003e\n\u003cp\u003eGrowing a vibrant community is a major priority for the \u003cem\u003eMetavillage\u003c/em\u003e team, which recently completed its first minting on January 16, 2022. The Phase 2 launch was on January 22, 2022. Much like \u003cem\u003eDecentraland\u003c/em\u003e, the game is designed with many built-in benefits for its NFT holders, with robust infrastructure and an exciting design, making it a clear front-runner as one of the best Solana NFT projects. To stay on top of the latest updates and information, follow them on \u003ca href=\"https://twitter.com/metavillageNFT?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eTwitter\u003c/a\u003e or join \u003ca href=\"https://metavillage.app/\"\u003etheir Discord\u003c/a\u003e for a chance to get on the whitelist and discover what makes them one of the more promising upcoming NFT projects.\u003c/p\u003e\n\u003ch3 id=\"20-otaku-origins\"\u003e#20: \u003ca href=\"https://otakuorigins.io/\"\u003eOtaku Origins\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eOtaku Origins is a must-have — and one of the best NFT projects to invest in for anime fans. A special algorithm generates each Otaku NFT from one of more than 200 exquisite traits, drawn from eight categories, each of which influences their value. The collectible characters provide NFT holders with access to the Otaku \u003ca href=\"https://learn.bybit.com/glossary/dao/\"\u003eDAO\u003c/a\u003e and metaverse, which will serve as launchpads for emerging artists and authors, with versatile tools for branding, publishing, and marketing.\u003c/p\u003e\n\u003cp\u003eAuthors and artists even have access to funding and can incorporate their Otaku NFT character designs into their art, whether that includes comics, anime, \u003ca href=\"https://www.animationcareerreview.com/articles/all-about-japanese-manga\"\u003emanga\u003c/a\u003e, or games. If you love anime and crypto, this is one pairing you can’t afford to pass up. Otaku Origins is one of the year’s best upcoming NFT projects to invest in.\u003c/p\u003e\n\u003ch3 id=\"21-the-flyfish-club\"\u003e#21: \u003ca href=\"https://opensea.io/collection/flyfish-club\"\u003eThe Flyfish Club\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eAs with some of the other new NFT projects that have made this list, these top NFTs are about experiences, making them more than just collectible items. The Flyfish Club (FFC) comes from the brilliant mind of Gary Vaynerchuk, who’s well-known as the creator of \u003ca href=\"https://veefriends.com/\"\u003eVeeFriends\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eFFC is the first of the new NFT projects designed as a members-only private dining club, featuring a cocktail lounge, intimate \u003ca href=\"https://www.sarasotamagazine.com/eat-and-drink/2019/06/star-thai-sushi-siesta-key-omakase\"\u003eomakase room\u003c/a\u003e, and outdoor spaces. Members of the Flyfish Club have access to the private, 10,000-square-foot restaurant in New York City, as well as the restaurant’s other spaces, with the opportunity to bring guests. You’ll be able to lease or resell your membership as desired. If you love good food and one-of-a-kind experiences, this is undeniably one of the best NFTs to invest in right now.\u003c/p\u003e\n\u003cp\u003eKeen on joining this upcoming NFT project? Memberships start at 2.5 ETH.\u003c/p\u003e\n\u003ch3 id=\"22-moonbirds\"\u003e#22: \u003ca href=\"https://opensea.io/collection/proof-moonbirds\"\u003eMoonbirds\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eMoonbirds is one of the hottest \u003ca href=\"https://learn.bybit.com/crypto/what-is-a-non-fungible-token/\"\u003eNFT \u003c/a\u003ecollections in 2022 with a current floor price of 26.5 ETH. It consists of 10,000 utility-enabled \u003ca href=\"https://learn.bybit.com/nft/nft-pfps-profile-pictures?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eprofile pictures (PFP)\u003c/a\u003e. The collection was available for mint at 2.5 ETH and sold out in minutes.\u003c/p\u003e\n\u003cp\u003eMoonbird holders have the option to ‘nest’ their NFT to receive additional rewards. Nesting is similar to staking except the NFT doesn\u0026rsquo;t leave the holder’s wallet, where holders accrue enhanced drops and rewards slowly over time, incentivizing long-term holding.\u003c/p\u003e\n\u003cp\u003eBesides displaying them as profile pictures, Moonbirds provide holders with access to the private \u003ca href=\"https://www.nftportal.xyz/proof?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003ePROOF \u003c/a\u003e(the Moonbirds developer) \u003ca href=\"https://discord.gg/PROOF?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eDiscord \u003c/a\u003eserver, where they will be invited to take part in exclusive Moonbird-related drops, giveaways, and meetups. Furthermore, owning a Moonbird grants the holder early access to all future PROOF projects, such as their recent announcement on the PROOF metaverse titled Highrise. Stay tuned for more by following them on \u003ca href=\"https://twitter.com/moonbirds?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eTwitter \u003c/a\u003eas PROOF continues to expand and provide further utilities to Moonbird holders.\u003c/p\u003e\n\u003ch3 id=\"23-memeland\"\u003e#23 \u003ca href=\"https://www.memeland.com/?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eMemeLand\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eMemeLand is a collection of 9,999 NFTs called Captains. Created by the developers of the social media platform 9GAG, each Captain is said to be loaded with benefits, including access to a secret club, an NFT marketplace, actual events, and future 9GAG projects. The goal is to enable creators by providing a bridge between web2 and \u003ca href=\"https://learn.bybit.com/web3/what-is-web-3?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eweb3 \u003c/a\u003ecommunities.\u003c/p\u003e\n\u003cp\u003eMemeLand NFTs will eventually generate a fixed amount of $MEME tokens for a particular duration, rewarding Captain holders in the form of \u0026lsquo;\u003ca href=\"https://learn.bybit.com/investing/yield-farming-vs-staking?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003epassive income\u003c/a\u003e\u0026rsquo;. $MEME can also be earned by staking assets or producing content that can be used in the MemeLand metaverse for governance and transactions.\u003c/p\u003e\n\u003cp\u003e9GAG recently released a premium membership of 420 exclusive NFTs titled \u0026lsquo;\u003ca href=\"https://opensea.io/collection/youtherealmvp?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eYOU THE REAL MVP\u003c/a\u003e\u0026rsquo;. The perks include free mints for two main collections, whitelists for all future NFT collections, MVP role, and access to their MVP \u003ca href=\"https://discord.gg/memelandhttps://www.memeland.com?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eDiscord \u003c/a\u003elounge.\u003c/p\u003e\n\u003cp\u003eIf you are interested in participating in their presale, you can visit their Discord and stand a chance to win a raffle for a place on the Memelist (whitelist). Information about its minting cost and release date has not been announced so do keep a look out on their \u003ca href=\"https://twitter.com/MEMELAND?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eTwitter\u003c/a\u003e for updates.\u003c/p\u003e\n\u003ch3 id=\"24-mavrix\"\u003e#24 \u003ca href=\"https://mavrix.cc/?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eMavrix\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eIf you are a fan of Augmented Reality (AR), Mavrix or ‘Multiverse Augmented Virtual Reality Interactive Xperience’ is a project that you should seriously consider. The team is developing an interactive AR gaming experience where users have the ability to view themselves wearing their NFTs using an AR app downloadable on both Android and Apple. Mavrix holders will also be entitled to the benefits of another AR treasure hunt game that is currently in development and expected to finish in 2023.\u003c/p\u003e\n\u003cp\u003eThe team will be giving away 0.2 ETH for the first 90 days following the release of Mavrix, plus a weekly giveaway of 1 ETH for the next 3 years. The project has dedicated 30% of the funds generated from royalties to the community wallet and will allow holders to vote on any future development. The project will consist of 9,999 NFTs expected to launch on July 31st, 2022. For more updates on the project, you can follow them on their \u003ca href=\"https://twitter.com/mavrixNFT?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003esocial media\u003c/a\u003e platforms.\u003c/p\u003e\n\u003ch3 id=\"25-mekarim\"\u003e#25 \u003ca href=\"https://mekarim.com/?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eMekaRim\u003c/a\u003e\u003c/h3\u003e\n\u003cp\u003eFor those that enjoy \u003ca href=\"https://learn.bybit.com/crypto/top-nft-games?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eplay-to-earn\u003c/a\u003e games like \u003ca href=\"https://learn.bybit.com/altcoins/what-is-axie-infinity-axs?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eAxie Infinity\u003c/a\u003e or \u003ca href=\"https://learn.bybit.com/altcoins/what-is-gods-unchained-gods?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eGods Unchained\u003c/a\u003e, MekaRim is an upcoming Transformers and Gundam-inspired, play-to-earn game expected to release in Q4 of 2023. The collection includes 10,000 3D robots with over 100 traits available for presale mint at 0.15 ETH on July 16th, 2022. Following this, two public sales will be held for those who missed the whitelist mint.\u003c/p\u003e\n\u003cp\u003eEach NFT acts as an avatar for the game and gives early access to holders during their beta launch. Additionally, holders will also be entitled to airdrops, and exclusive digital items, and their in-game currency $CORE will power the entire social media. The team has partnered with \u003ca href=\"https://www.bloomberg.com/?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eBloomberg \u003c/a\u003eand \u003ca href=\"https://crypto.com/?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003eCrypto.com\u003c/a\u003e amongst others which will be beneficial for marketing the entire ecosystem. Follow MekaRim on their\u003ca href=\"https://twitter.com/mekarim_nft?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\"\u003e social media\u003c/a\u003e for more updates on their presale.\u003c/p\u003e\n\u003cp\u003eSource: \u003ca href=\"https://learn.bybit.com/nft/upcoming-nft-projects/\"\u003e25 Upcoming NFT Projects to Invest in and Get In on Early | Bybit Learn\u003c/a\u003e\u003c/p\u003e\n","date_published":"2023-02-15T16:02:00+03:00","image":"https://ajulu.netlify.app/images/how-to-buy-and-sell-nfts-aio-bot-1280x720.jpg","tags":["nfts","nft","illuvium","imaginary ones","invisible friends","bayc","cryptopunks","bored ape yacht club","cool cats","HAPE prime","DAPE","Stoner Ape Club","star atlas","pixelmon","cryptoon goonze","wonderpals","solsand","gooniez gang","bluechip nfts","bluechip","crypto baristas","autograph","celopunks","otaku origins","memeland","mavrix"]},{"id":"https://ajulu.netlify.app/posts/beyond-art-unlocking-the-potential-how-to-use-nfts-as-access-keys/","url":"https://ajulu.netlify.app/posts/beyond-art-unlocking-the-potential-how-to-use-nfts-as-access-keys/","title":"Beyond Art - Unlocking the Potential: How to Use NFTs as Access Keys","summary":"Non-Fungible Tokens, or NFTs, are a revolutionary new technology that is changing the way we think about digital ownership and authenticity. One of the most exciting use cases for NFTs is their ability to provide access to unique digital experiences and assets. In this article, we\u0026rsquo;ll explore how to use NFTs as access keys, and the benefits of doing so.\nAccess keys are used to grant access to digital content or experiences. They can be used to grant access to online courses, webinars, membership sites, and more. NFTs can be used as access keys to grant access to unique digital experiences and assets that can\u0026rsquo;t be replicated or replicated. For example, a concert promoter could sell NFTs that grant access to a virtual concert and the concert can only be accessed with the NFT.\n","content_html":"\u003cp\u003eNon-Fungible Tokens, or NFTs, are a revolutionary new technology that is changing the way we think about digital ownership and authenticity. One of the most exciting use cases for NFTs is their ability to provide access to unique digital experiences and assets. In this article, we\u0026rsquo;ll explore how to use NFTs as access keys, and the benefits of doing so.\u003c/p\u003e\n\u003cp\u003eAccess keys are used to grant access to digital content or experiences. They can be used to grant access to online courses, webinars, membership sites, and more. NFTs can be used as access keys to grant access to unique digital experiences and assets that can\u0026rsquo;t be replicated or replicated. For example, a concert promoter could sell NFTs that grant access to a virtual concert and the concert can only be accessed with the NFT.\u003c/p\u003e\n\u003cp\u003eOne of the benefits of using NFTs as access keys is that they can be traded and sold on the open market. This means that access to a digital experience or asset can be sold to the highest bidder, creating a new revenue stream for the creator. Additionally, NFTs can be used to create scarcity and exclusivity, which can help to increase the perceived value of an experience or asset.\u003c/p\u003e\n\u003cp\u003eAnother benefit of using NFTs as access keys is that they can be used to create a sense of community and engagement around a digital experience or asset. For example, a creator could sell a limited number of NFTs that grant access to a unique digital experience, such as a virtual concert. This could create a sense of community and engagement around the concert, as people who own the NFTs will be able to participate in the experience together.\u003c/p\u003e\n\u003cp\u003eUsing NFTs as access keys can also help to protect digital content and experiences from piracy. An NFT can be used to prove ownership of a digital asset, and it can also be used to prove that a person has the right to access a digital experience. This can help to prevent piracy and unauthorized access, which can help to protect the creator\u0026rsquo;s revenue streams.\u003c/p\u003e\n\u003cp\u003eHere\u0026rsquo;s an article from Social Media Examiner that is a good read on the same: \u003ca href=\"https://www.socialmediaexaminer.com/beyond-art-using-nfts-for-access/\"\u003e\u003cstrong\u003eBeyond Art: Using NFTs for Access: Social Media Examiner\u003c/strong\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eIn conclusion, NFTs are a revolutionary technology that can be used to provide access to unique digital experiences and assets. They can be used to create new revenue streams, increase the perceived value of an experience or asset, create a sense of community and engagement, and protect digital content and experiences from piracy. As the technology continues to evolve, we can expect to see even more innovative use cases for NFTs in the future. If you are a creator or a business looking for ways to monetize your digital assets, using NFTs as access keys could be a great way to do so.\u003c/p\u003e\n","date_published":"2023-01-19T21:01:00+03:00","image":"https://ajulu.netlify.app/images/nfts-in-museums.png","tags":["nfts","authentication","authorization","digital ownership","access keys","digital experiences","revenue streams","scarcity","exclusivity","community","piracy","blockchain","access","creator","protect","ownership"]},{"id":"https://ajulu.netlify.app/posts/exploring-the-use-cases-of-non-fungible-tokens-nfts-in-various-industries/","url":"https://ajulu.netlify.app/posts/exploring-the-use-cases-of-non-fungible-tokens-nfts-in-various-industries/","title":"Exploring the Use Cases of Non-Fungible Tokens (NFTs) in Various Industries","summary":"Non-Fungible Tokens, or NFTs, are a revolutionary new technology that is changing the way we think about digital ownership and authenticity. These unique digital assets are being used in a wide variety of industries, from art and entertainment to real estate and gaming. In this article, we\u0026rsquo;ll take a deep dive into the use cases of NFTs, exploring how this technology is being used to create new opportunities and revolutionize traditional business models.\n","content_html":"\u003cp\u003eNon-Fungible Tokens, or NFTs, are a revolutionary new technology that is changing the way we think about digital ownership and authenticity. These unique digital assets are being used in a wide variety of industries, from art and entertainment to real estate and gaming. In this article, we\u0026rsquo;ll take a deep dive into the use cases of NFTs, exploring how this technology is being used to create new opportunities and revolutionize traditional business models.\u003c/p\u003e\n\u003cp\u003eOne of the most exciting use cases for NFTs is in the world of art and collectibles. NFTs allow artists to create one-of-a-kind digital pieces that can be sold and traded just like physical artwork. This opens up new possibilities for artists, as they can now sell their work to a global audience without the need for physical galleries or auction houses. For example, digital artist Beeple sold an NFT of his work for $69 million at Christie\u0026rsquo;s auction house, making it the most expensive NFT ever sold.\u003c/p\u003e\n\u003cp\u003eAnother industry that has been impacted by NFTs is the world of gaming. NFTs allow developers to create unique, in-game items that players can own and trade. This has led to the emergence of a new type of game, known as \u0026ldquo;play-to-own\u0026rdquo; games, where players can purchase NFTs that represent in-game assets such as weapons, vehicles, and even virtual real estate. For example, the game Axie Infinity, is a blockchain-based game, where players can buy, breed, and battle fantasy creatures called Axies, and all the in-game assets are represented as NFTs.\u003c/p\u003e\n\u003cp\u003eNFTs are also being used to create new opportunities in the world of real estate. Using NFTs, developers can create digital representations of physical properties that can be bought, sold, and traded like traditional real estate. This opens up new possibilities for investors, as they can now invest in real estate without the need for physical property. For example, the company \u0026ldquo;Propy\u0026rdquo; is using NFTs to digitize commercial and residential real estate, making it easy to buy, sell and transfer properties on a global scale.\u003c/p\u003e\n\u003cp\u003eIn the music industry, NFTs are being used to create new ways for artists to monetize their music and connect with fans. For example, musicians can create NFTs that represent exclusive access to concerts, merchandise, or behind-the-scenes content. This allows artists to create new revenue streams and foster deeper relationships with their fans. The band Kings of Leon made history by selling their album as NFTs, which were bought by fans for cryptocurrency.\u003c/p\u003e\n\u003cp\u003eIn conclusion, NFTs are a revolutionary technology that is changing the way we think about digital ownership and authenticity. These unique digital assets are being used in a wide variety of industries, from art and entertainment to real estate and gaming. NFTs are opening up new opportunities for artists, developers, musicians, and investors to monetize their work and create new revenue streams. As the technology continues to evolve, we can expect to see even more innovative use cases for NFTs in the future.\u003c/p\u003e\n","date_published":"2023-01-19T20:53:00+03:00","image":"https://ajulu.netlify.app/images/nfts-in-museums.png","tags":["nfts","blockchain","digital ownership","digital assets","art","gaming","real estate"," music","cryptocurrency","digital art","digital gaming","digital real estate","technology","authenticity","collectibles","play to earn","play to own","investment","monetization","innovation"]},{"id":"https://ajulu.netlify.app/posts/all-about-cryptocurrency-wallets-what-they-are-how-to-keep-them-safe-and-web-3-identities/","url":"https://ajulu.netlify.app/posts/all-about-cryptocurrency-wallets-what-they-are-how-to-keep-them-safe-and-web-3-identities/","title":"All About Cryptocurrency Wallets: What They Are, How To Keep Them Safe and","summary":"You may have heard of digital wallets used to interact with blockchain applications; perhaps you have already used them to make transactions, connect with services, marketplaces, etc. But do you know how wallets work? What types there are? What are private keys and seed phrases, and why is it critical to keep them secure to protect your assets and your identity on Web3? Are you aware of the most common types of scams that affect wallet users, and do you know how to protect yourself from these scams?\n","content_html":"\u003cp\u003eYou may have heard of digital wallets used to interact with blockchain applications; perhaps you have already used them to make transactions, connect with services, marketplaces, etc. \u003cstrong\u003e\u003cem\u003eBut do you know how wallets work? What types there are? What are private keys and seed phrases, and why is it critical to keep them secure to protect your assets and your identity on Web3? Are you aware of the most common types of scams that affect wallet users, and do you know how to protect yourself from these scams\u003c/em\u003e\u003c/strong\u003e?\u003c/p\u003e\n\u003cp\u003eThis article answers these questions, with the goal of educating users about one of the most important aspects of Web3 access infrastructure.\u003c/p\u003e\n\u003ch1 id=\"wallets-or-keychains\"\u003eWallets or keychains?\u003c/h1\u003e\n\u003cimg src=\"https://miro.medium.com/max/1400/1*z_bALl_urb57HQa0su3FcQ.png\" style=\"width:100%; height: auto;\"\u003e\n\u003cp\u003eIn the context of blockchain and Web3, a “wallet” is essentially a \u003cstrong\u003e\u003cem\u003ecryptographic key management system\u003c/em\u003e\u003c/strong\u003e that doubles as a \u003cstrong\u003e\u003cem\u003euser interface\u003c/em\u003e\u003c/strong\u003e allowing you to interact with network applications and services by reading and/or modifying the state of the blockchain. It is in this sense, therefore, that we will use the term “wallet” from now on.\u003c/p\u003e\n\u003cp\u003eAlthough the use of the term is already widespread, it is somewhat misleading, and it is worth dispelling a common misunderstanding right away. Contrary to popular belief, when you make a transaction on the blockchain you \u003cstrong\u003e\u003cem\u003eare not\u003c/em\u003e\u003c/strong\u003e “sending” tokens from your wallet to someone else’s wallet. In fact, you are using your private key to sign a transaction and transmit it to the entire blockchain network. Only after the network validates your transaction will it be executed, and then this change will be reflected in the updated balances of your address and the recipient’s address.\u003c/p\u003e\n\u003cp\u003eIn this sense, the term “wallet” is misleading because the applications we use to interact with the blockchain do \u003cstrong\u003e\u003cem\u003enot store money\u003c/em\u003e\u003c/strong\u003e the way physical wallets do. Instead, they store the private keys that allow you to sign and make transactions, and the public keys that allow you to receive assets. A more apt analogy would be to a \u003cstrong\u003e\u003cem\u003ekeychain\u003c/em\u003e\u003c/strong\u003e, with the important difference that in the case of the blockchain this “keychain” not only manages the keys needed to interact with the network but also shows the record of transactions and the balances of the addresses associated with these keys.\u003c/p\u003e\n\u003cp\u003eBut what exactly are the “keys” that digital wallets manage, and what are they used for?\u003c/p\u003e\n\u003ch1 id=\"keys-and-seed-phrases\"\u003eKeys and seed phrases\u003c/h1\u003e\n\u003cp\u003eA “key”, in \u003ca href=\"https://en.wikipedia.org/wiki/Key_(cryptography)\"\u003ethe sense in which the term is used in cryptography\u003c/a\u003e, is the basis of a transformation, usually mathematical, of an ordinary message into an unreadable (encrypted) message.\u003c/p\u003e\n\u003cp\u003eIn \u003ca href=\"https://networkencyclopedia.com/public-key-cryptography/\"\u003epublic-key cryptography\u003c/a\u003e, which is the standard used to implement blockchains, a pair of correlated keys are created for this purpose: the first is called \u003cstrong\u003eprivate\u003c/strong\u003e because it must be kept secret; the second is called \u003cstrong\u003epublic\u003c/strong\u003e because it can be shared with anyone who wants to receive it. Any participant that has access to your public key can encrypt a message using that key, but only you can read it, using your private key. In addition, you can use your private key to “digitally sign” a message, allowing others to verify that you were the sender; this verification is also done using your public key.\u003c/p\u003e\n\u003cimg src=\"https://miro.medium.com/max/758/0*g4IGriCGtFQI25P7\" style=\"width:100%; height: auto;\"\u003e\n\u003cp\u003ePublic-key cryptography — Source: \u003ca href=\"https://networkencyclopedia.com/public-key-cryptography/\"\u003eNetwork Encyclopedia\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eA wallet stores and allows you to manage this key pair to interact with a blockchain.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eA \u003cstrong\u003epublic key\u003c/strong\u003e refers to an address that allows you to send and receive transactions.\u003c/li\u003e\n\u003cli\u003eA \u003cstrong\u003eprivate key\u003c/strong\u003e proves that you own the assets associated with your address.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eYou can think of your public key as analogous to your bank account number, and of your private key as analogous to the password you use to access your account and make transactions. As with banking, your public key can be shared with anyone to receive funds, but your private key, like your password, must be kept secret.\u003c/p\u003e\n\u003cimg src=\"https://miro.medium.com/max/1400/0*NmmYtBfXbDpn7D04\" style=\"width:100%; height: auto;\"\u003e \n\u003cp\u003ePublic \u0026amp; Private Keys — Source: Crypto.com\u003c/p\u003e\n\u003cp\u003eMost modern wallet implementations use a single master key, also known as a \u003cem\u003eseed phrase,\u003c/em\u003e to generate the public and private keys. This key generation system is called \u003cstrong\u003edeterministic\u003c/strong\u003e because in it the public and private keys are correlated and can always be reproduced from the same seed.\u003c/p\u003e\n\u003cp\u003eSeed phrases are represented as a list of English words (usually 12, sometimes 24) that you can write down and keep somewhere, and can reuse to retrieve your wallet if for some reason you lose access to it (say, by having a device stolen or damaged).\u003c/p\u003e\n\u003cimg src=\"https://miro.medium.com/max/1400/0*f4sBRgGoSdt8V9ec\" style=\"width:100%; height: auto;\"\u003e\n\u003cp\u003eExample of seed phrases — source: \u003ca href=\"https://blog.realt.co/seed-phrase-101-56e4c9150c43\"\u003eRealt Academy\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eThere are a set of industry standards for wallet implementations that ensure interoperability between different applications. Thanks to these standards, you can easily export and import your keys between wallets from different vendors.\u003c/p\u003e\n\u003ch1 id=\"more-than-keychains--wallets-as-web3-identities\"\u003eMore than keychains — wallets as Web3 identities\u003c/h1\u003e\n\u003cp\u003eThe keychain analogy helps, but it doesn’t catch all the functions of wallets. In a blockchain, nodes are constantly synchronizing the state of the network and updating the history of transactions made. As we saw above, wallets connect you to the blockchain nodes and allow you to read this history and also make transactions, registering new data in the network. In this sense, we can also say that wallets work analogously to a traditional web browser, serving as a gateway to access and interact with Web1 / Web2. Wallets, in turn, are your gateway to Web3. \u003cstrong\u003e\u003cem\u003eBut they go further, and can also serve as your identity in this new environment\u003c/em\u003e\u003c/strong\u003e.\u003c/p\u003e\n\u003cp\u003eIn Web3, \u003ca href=\"http://sinahab.com/identity-and-reputation-in-web-3/\"\u003eidentity and reputation\u003c/a\u003e work very differently from what we are used to today. As a rule, in Web2 our identities are tied to some centralized provider, which almost always requires users to hand over confidential and personal information. Examples of such identities are your Google account, Facebook, Twitter, etc.\u003c/p\u003e\n\u003cimg src=\"https://miro.medium.com/max/1400/0*J4ADchwseloMBReD\" style=\"width:100%; height: auto;\"\u003e\n\u003cp\u003eWeb2 Login — Source: \u003ca href=\"https://dev.to/tadeubdev/login-com-rede-social-usando-laravel-socialite-1i61\"\u003eDev.to\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eIn Web3, you simply link your wallet to a decentralized application (dApp) to be able to interact with it. And unlike Web2 authentication methods, wallet addresses are \u003cstrong\u003e\u003cem\u003epseudonymous\u003c/em\u003e\u003c/strong\u003e by default. If a user chooses to connect the same wallet with multiple dApps, her (pseudonymous) identity can be easily transferable between those dApps, which means that over time the user can build up a sort of \u003cstrong\u003e\u003cem\u003eportable reputation\u003c/em\u003e\u003c/strong\u003e, even without having to reveal her personal information.\u003c/p\u003e\n\u003cimg src=\"https://miro.medium.com/max/1400/0*j1r5XSdmWAW-QHc0\" style=\"width:100%; height: auto;\"\u003e\n\u003cp\u003eWeb3 Login — Source: \u003ca href=\"https://docs.cloud.coinbase.com/wallet-sdk/docs/web3modal\"\u003eCoinbase\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eAs more and more aspects of our lives come to be experienced on Web3 — communication, work, education, entertainment, finance, and so on — all “orchestrated with tokens” (see \u003ca href=\"https://future.a16z.com/why-web3-matters/\"\u003eDixon and McCormick’s definition of Web3\u003c/a\u003e), our very identities will become more and more intertwined with the content of our wallets. For this reason, \u003ca href=\"https://www.forbes.com/sites/alastairjohnson/2022/01/07/a-digital-identity-fit-for-the-metaverse/?sh=6c7417d7184b\"\u003ehaving a portable, privacy-preserving, and secure digital identity\u003c/a\u003e will become of paramount importance in this emerging future.\u003c/p\u003e\n\u003cp\u003e(I delve deeper into issues involving risks to our identities in Web3 and in the Metaverse in \u003ca href=\"https://uxdesign.cc/digital-risks-in-the-metaverse-3bf8f0eda201\"\u003ethis article\u003c/a\u003e.)\u003c/p\u003e\n\u003ch1 id=\"types-of-wallets\"\u003eTypes of wallets\u003c/h1\u003e\n\u003cimg src=\"https://miro.medium.com/max/1400/0*n-eQ0hUKWw2tz0co\" style=\"width:100%; height: auto;\"\u003e\n\u003cp\u003eTypes of Wallets — Source: \u003ca href=\"https://www.odysseydao.com/articles/how-to-use-a-hot-wallet\"\u003eOdyssey DAO\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eThe first important distinction for categorizing wallets concerns whether or not they are connected to the Internet. So-called “hot wallets” are connected to the Internet, while so-called “cold wallets” are kept offline.\u003c/p\u003e\n\u003ch1 id=\"hot-wallets\"\u003eHot wallets\u003c/h1\u003e\n\u003cp\u003eIn hot wallets, the user’s keys are stored and encrypted in the application itself, which is kept online. Examples of hot wallets include:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eWeb-based wallets\u003c/em\u003e\u003c/strong\u003e (websites or browser extensions)\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eWallets for mobile devices\u003c/em\u003e\u003c/strong\u003e (Android or iOS applications)\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eDesktop Wallets\u003c/em\u003e\u003c/strong\u003e (applications installed on your OS)\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eUsing a hot wallet, in its different forms, is generally quite convenient, but along with convenience also comes more risk, since computer networks tend to have hidden vulnerabilities that can be targeted by hackers or malware programs, among other forms of a system intrusion.\u003c/p\u003e\n\u003cp\u003eHot wallets can be subdivided into two further categories, having to do with the way the keys are controlled in each case.\u003c/p\u003e\n\u003ch2 id=\"custodial-hot-wallets\"\u003eCustodial hot wallets\u003c/h2\u003e\n\u003cp\u003eThese are wallets managed by an exchange (for example, by Binance, Coinbase, Crypto.com, etc.), and require you to log in with a username and password to access them, just as you would do to access any traditional web application.\u003c/p\u003e\n\u003cp\u003eWith a custodial wallet, you do not own your keys and therefore are not in full control of the assets they manage. As a popular saying in the crypto community goes, “\u003cem\u003enot your keys, not your coins!\u003c/em\u003e”\u003c/p\u003e\n\u003cp\u003eBecause of this, when using custodial wallets you must trust the service provider to securely store your assets and implement strong security measures to prevent unauthorized access. These measures include two-factor authentication (2FA), email confirmation, and biometric authentication, among others. Many exchanges will not allow you to transact until these security measures are properly configured by you.\u003c/p\u003e\n\u003ch2 id=\"non-custodial-hot-wallets\"\u003eNon-custodial hot wallets\u003c/h2\u003e\n\u003cp\u003eThese are self-managed wallets. The keys and assets these applications manage are fully under the control of the users. But since \u003ca href=\"https://en.wikipedia.org/wiki/With_great_power_comes_great_responsibility\"\u003ewith great power comes great responsibility\u003c/a\u003e, this means that users of non-custodial wallets must take care of their own security regarding key and seed phrase storage. If any of these are lost, recovery may be difficult or even impossible, since they are not usually stored on any third-party server.\u003c/p\u003e\n\u003ch1 id=\"cold-wallets\"\u003eCold wallets\u003c/h1\u003e\n\u003cp\u003eCold wallets are, by default, offline. This makes them less convenient than hot wallets, but as a rule, also makes them more secure.\u003c/p\u003e\n\u003cp\u003eExamples of cold wallets include:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003ePaper wallets\u003c/em\u003e\u003c/strong\u003e: as the name implies, a paper wallet is a physical location where private keys and/or seed phrases are written or printed. Since hackers cannot access these records remotely, this method is generally more secure than using a hot wallet connected to the internet. On the other hand, it opens up the potential risk that the piece of paper will be destroyed or lost, which could result in unrecoverable funds.\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eStainless steel wallets\u003c/em\u003e\u003c/strong\u003e: To avoid the risk of destroying a paper wallet in case of fire or flooding, you can also engrave your private keys on a stainless steel plate. Some manufacturers even offer ready-made kits for this type of wallet.\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eHardware wallets\u003c/em\u003e\u003c/strong\u003e: A hardware wallet is an external, dedicated device (usually a USB or Bluetooth device) that stores your keys. You can only sign a transaction by pressing a physical button on the device, which malicious actors cannot control.\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch1 id=\"wallets-with-multiple-signatures-multisig\"\u003eWallets with multiple signatures (multisig)\u003c/h1\u003e\n\u003cp\u003eAlso known as “multisig”, these are wallets that require two or more private key signatures to authorize transactions. This solution is useful for a number of use cases:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eAn individual using a multisig wallet can avoid losing total access to the wallet in a scenario where one key is lost because then there will still be other keys able to sign transactions.\u003c/li\u003e\n\u003cli\u003eMultisig wallets can make misuse of funds and fraud more difficult, which makes them a good option for hedge funds, exchanges, and corporations. Since each authorized person will have a key, and a transaction requires the use of most keys, it becomes impossible for any one individual to unilaterally perform unauthorized transactions.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e(All the wallet types described above have multisig versions — hot, cold, hardware, and so on.)\u003c/p\u003e\n\u003ch1 id=\"how-to-secure-your-wallet\"\u003eHow to secure your wallet\u003c/h1\u003e\n\u003cp\u003eIf your wallet’s private key or seed phrase gets lost or stolen, you not only risk losing access to your assets but, given what was said before, an integral part of your identity on Web3 will be jeopardized. \u003cstrong\u003e\u003cem\u003eTherefore, it is crucial that you learn how to secure your wallet to avoid fraud and identity theft\u003c/em\u003e\u003c/strong\u003e.\u003c/p\u003e\n\u003cp\u003eHere are some tips to ensure the security of your wallet:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003e\u003cstrong\u003eStore your private keys and your seed phrases in a safe place.\u003c/strong\u003e Consider copying them to paper or stainless steel and storing them very well, or, if you prefer to have online access, use a password manager (such as \u003ca href=\"https://1password.com/\"\u003e1Password\u003c/a\u003e or \u003ca href=\"https://www.lastpass.com/\"\u003eLastPass\u003c/a\u003e).\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eNever share your private keys or seed phrases with anyone.\u003c/strong\u003e No matter who asks — just don’t share!\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eProtect your password.\u003c/strong\u003e If your wallet has a separate password, anyone who obtains it can obtain your private key. So choose a secure password, preferably saving it in a password manager, and using \u003ca href=\"https://authy.com/what-is-2fa/\"\u003e2FA\u003c/a\u003e.\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eDon’t leave valuable assets in your everyday hot wallet.\u003c/strong\u003e Instead, put those assets in a cold wallet or in a separate hot wallet with reinforced security. If you have a lot of assets in your wallet and share your address publicly, sooner or later someone will try to pull a scam using this information and some social engineering techniques.\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eCarefully check any website URL, email address, or social network profile before taking any action involving your wallet.\u003c/strong\u003e Scammers usually pose as a trusted platform to phish your seed phrase or private key.\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eTurn off private messaging in apps like Discord and Telegram, and never interact with unknown assets (such as NFTs) that appear “out of nowhere” in your wallet.\u003c/strong\u003e These are two common attack vectors that scammers use.\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eIn addition to these general tips, here are some suggestions of best practices for using \u003cstrong\u003e\u003cem\u003ecold wallets\u003c/em\u003e\u003c/strong\u003e specifically:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003e\u003cstrong\u003eYour seed phrase is more important than the device itself\u003c/strong\u003e. If your cold wallet is damaged, you can always recover your assets by importing your seed phrase into another wallet. Therefore, prioritize the safety of the seed phrase as indicated above.\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eDo not use the seed phrase from a hot wallet in your cold wallet\u003c/strong\u003e. The purpose of the cold wallet is to store a seed phrase offline. Reusing a hot wallet seed phrase in the cold wallet means bringing back all the problems of online storage.\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eBe very wary of cold wallet phishing attempts\u003c/strong\u003e. Buy a cold wallet only from the official websites of the manufacturers (such as Ledger and Trezor). Do not respond to “support” emails, letters, or private messages asking for your seed phrase.\u003c/li\u003e\n\u003c/ol\u003e\n\u003ch1 id=\"common-frauds-involving-wallets-and-tips-to-avoid-them\"\u003eCommon frauds involving wallets, and tips to avoid them\u003c/h1\u003e\n\u003cp\u003eOne of the main goals of scammers regarding the Web3 space is to trick you into sharing your private key or your seed phrase. Here is a list of common scams for this purpose, and tips for avoiding them.\u003c/p\u003e\n\u003ch2 id=\"phishing-attacks-by-fake-customer-support-accounts\"\u003e\u003cem\u003ePhishing attacks by fake customer support accounts\u003c/em\u003e\u003c/h2\u003e\n\u003cp\u003eScammers send a message via email, social network, SMS, etc., informing you that there has been some kind of problem with your wallet — for example, “Your Metamask account has been hacked.” The criminals then try to convince you to share your private key or your seed phrase, supposedly to verify that you really own the “hacked” account. If this happens:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eCarefully check the website URL, email address, social profile, or phone number from which the message originated.\u003c/li\u003e\n\u003cli\u003eEven if the source \u003cem\u003eseems\u003c/em\u003e reliable, remember: \u003cem\u003eno reputable platform will ask for your private key or seed phrase\u003c/em\u003e!\u003c/li\u003e\n\u003c/ul\u003e\n\u003cimg src=\"https://miro.medium.com/max/1400/0*O-IrBUBEjQXPPrmd\" style=\"width:100%; height: auto;\"\u003e\n\u003cp\u003eMetaMask’s Fake Support Attack — Source: \u003ca href=\"https://www.odysseydao.com/articles/how-to-avoid-wallet-scams\"\u003eOdyssey DAO\u003c/a\u003e\u003c/p\u003e\n\u003cimg src=\"https://miro.medium.com/max/1400/0*q3mOnjpmFdQqCak0\" style=\"width:100%; height: auto;\"\u003e\n\u003cp\u003eTrust Wallet Fake Support Attack — Source: \u003ca href=\"https://learn.rainbow.me/how-to-avoid-crypto-scams\"\u003eRainbow\u003c/a\u003e\u003c/p\u003e\n\u003ch2 id=\"airdrops-of-fake-tokens-and-nfts\"\u003eAirdrops of fake tokens and NFTs\u003c/h2\u003e\n\u003cp\u003eSince wallet addresses are public, literally anyone can send tokens or NFTs to these addresses. This is usually not a big problem, because you can simply choose to ignore them; but some cybercriminals have developed ways to send tokens that can execute transactions on your account as soon as you interact with them. In this sense, one could compare these tokens to a trojan that allows hackers to access your computer as soon as you interact with a malicious file. A more detailed analysis of this type of scam, including an explanatory video, can be found \u003ca href=\"https://medium.com/metamask/phisher-watch-airdrop-scams-82eea95d9b2a\"\u003ehere\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eAs a precaution, be very careful with “freebies” and “gifts”, usually offered by fake profiles on social networks or by private instant messages on Discord servers or in Telegram groups. \u003cstrong\u003e\u003cem\u003eNever interact with a token of unknown origin in your wallet!\u003c/em\u003e\u003c/strong\u003e\u003c/p\u003e\n\u003ch2 id=\"blind-signing\"\u003eBlind-signing\u003c/h2\u003e\n\u003cp\u003eAnother recent and still little-known type of attack used to steal digital assets from wallets is \u003ca href=\"https://www.ledger.com/academy/cryptos-greatest-weakness-blind-signing-explained\"\u003eblind signing\u003c/a\u003e. This attack takes advantage of the fact that users who employ their wallets to interact with dApps and NFTs often do not review the code of the smart contracts underlying these applications and therefore may end up signing and authorizing transactions without knowing exactly what they are signing and authorizing.\u003c/p\u003e\n\u003cp\u003eFor example, it is sometimes necessary to grant a third party — say, cryptocurrency exchange or an NFT marketplace — permission to conduct transactions involving tokens within your wallet. Once third-party access is approved, users can exchange tokens or list NFTs for sale without paying additional fees each time. The attackers have found ways to trick victims into giving them third-party approval over the contents of their wallets, which can be transferred to other addresses controlled by the criminals.\u003c/p\u003e\n\u003ch2 id=\"fake-hardware-wallets\"\u003eFake hardware wallets\u003c/h2\u003e\n\u003cp\u003eOne very ingenious scam involves sending some sort of correspondence — it can be an email or even a \u003ca href=\"https://www.ledger.com/phishing-campaigns-status#phishing-campaigns\"\u003ephysical letter in the mail\u003c/a\u003e, “signed” by a CEO of a hardware wallet manufacturer — that tries to convince the user that their wallet has suffered some sort of attack and needs to be replaced. Sometimes a new device is even sent along with the letter. But these new devices have been hacked to provide access to the fraudsters, who then clone the wallet using the previously created seed phrase to gain access to the user’s funds.\u003c/p\u003e\n\u003cp\u003eIf something like this happens, simply throw these devices in the trash and inform the manufacturer of the attempt.\u003c/p\u003e\n\u003cimg src=\"https://miro.medium.com/max/1400/0*o7NaXbI0hqh_aLHA\" style=\"width:100%; height: auto;\"\u003e\n\u003cp\u003eA fake letter signed by “Ledger CEO” — Source: \u003ca href=\"https://www.ledger.com/phishing-campaigns-status#phishing-campaigns\"\u003eLedger\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eSpeaking of Web3 Identities, Unstoppable Domains is on a mission to create the best web3 domains and identities on the planet. Their domains fix a lot of issues such as long complex crypto addresses, sign-in with your web3 ID, and more. My Web3 Domain is stephenajulu.crypto. Get your own now at a discounted price. Free minting and no renewal fees: \u003ca href=\"https://unstoppabledomains.pxf.io/qnXOv5\"\u003e\u003cstrong\u003eUnstoppable Domains\u003c/strong\u003e\u003c/a\u003e\u003c/p\u003e\n\u003ch3 id=\"1365885\"\u003e\u003ca href=\"https://unstoppabledomains.pxf.io/c/3290657/1365885/15384\"\u003eBlockchain.com Premium Domains\u003c/a\u003e\u003c/h3\u003e  \n\u003cimg height=\"0\" width=\"0\" src=\"https://imp.pxf.io/i/3290657/1365885/15384\" style=\"position:absolute;visibility:hidden;\" border=\"0\" /\u003e\n\u003ch1 id=\"sources-and-further-reading\"\u003eSources and Further Reading\u003c/h1\u003e\n\u003cul\u003e\n\u003cli\u003e\u003ca href=\"https://uxdesign.cc/wallets-as-web3-identities-77fd2f7acb17\"\u003e\u003cstrong\u003eWallets as web3 identities\u003c/strong\u003e\u003c/a\u003e \u003cem\u003eBy\u003c/em\u003e \u003ca href=\"https://linktr.ee/jonadas\"\u003e\u003cstrong\u003e\u003cem\u003eJônadas Techio\u003c/em\u003e\u003c/strong\u003e\u003c/a\u003e \u003cstrong\u003e\u003cem\u003e—\u003c/em\u003e\u003c/strong\u003e \u003cem\u003eBlockchain Solutions Architect \u0026amp; Web3 Evangelist @\u003c/em\u003e \u003ca href=\"https://axur.com/\"\u003e\u003cem\u003eAxur\u003c/em\u003e\u003c/a\u003e(Medium)\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://crypto.com/university/crypto-wallets\"\u003eWhat is a Crypto Wallet? A Beginner’s Guide\u003c/a\u003e (Crypto.com)\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet\"\u003eWhat is a crypto wallet? | Coinbase\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://networkencyclopedia.com/public-key-cryptography/\"\u003ePublic Key Cryptography — Network Encyclopedia\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://blog.realt.co/seed-phrase-101-56e4c9150c43\"\u003eSeed Phrase 101\u003c/a\u003e (Realt Academy)\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://www.odysseydao.com/articles/how-to-use-a-hot-wallet\"\u003eHow to use a hot wallet?\u003c/a\u003e (Odyssey DAO)\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://juliawu.medium.com/the-anatomy-of-metamask-28b0d68721d2\"\u003eThe Anatomy of MetaMask. An X-ray of Web3’s Beloved Fox | by Julia Wu | Jun, 2022\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://www.odysseydao.com/articles/how-to-use-a-cold-wallet\"\u003eHow to use a cold wallet?\u003c/a\u003e (Odyssey DAO)\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://crypto.com/university/what-is-a-hardware-wallet\"\u003eWhat is a Hardware Wallet and How Does it Work?\u003c/a\u003e (Crypto.com)\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://learn.rainbow.me/how-to-avoid-crypto-scams\"\u003eHow to avoid crypto scams\u003c/a\u003e (Rainbow)\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://www.odysseydao.com/articles/how-to-avoid-wallet-scams\"\u003eHow to avoid wallet scams?\u003c/a\u003e (Odyssey DAO)\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://conteudo.axur.com/en/ebook-digital-risks-blockchain-and-web3\"\u003eDigital Risks in Blockchain and Web3\u003c/a\u003e (Axur — Free Ebook)\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://uxdesign.cc/digital-risks-in-the-metaverse-3bf8f0eda201\"\u003eDigital risks in the Metaverse\u003c/a\u003e (Medium)\u003c/li\u003e\n\u003c/ul\u003e\n","date_published":"2022-07-08T09:10:00+03:00","image":"https://ajulu.netlify.app/images/piggybank-3akqgjoowvi-unsplash.jpg","tags":["tech","cryptocurrencies","cryptocurrency","wallets","digital wallets","crypto wallet","hot wallet","cold wallet","seed phrase","metamask","coinbase wallet","crypto scams","wallet scams","blockchain","web3","metaverse","rainbow","risks","ledger","hardware wallets","airdrops","nfts","unstoppable domains","web3 domains","domains","nftdomains"]},{"id":"https://ajulu.netlify.app/posts/how-to-buy-nfts/","url":"https://ajulu.netlify.app/posts/how-to-buy-nfts/","title":"How To Buy NFTs","summary":"NFTs, or non-fungible tokens, have been all the rage in the digital art community in recent months. In short, NFTs are blockchain-backed certificates of ownership for digital objects, such as videos and images. Just like with a physical painting or sculpture, an NFT represents that you own a unique piece of content (and it\u0026rsquo;s yours to keep forever), even though that content is purely digital. And just like with physical artworks at auction houses like Christie\u0026rsquo;s and Sotheby\u0026rsquo;s, some NFTs can sell for staggering amounts of money—like this \u0026ldquo;anime girl\u0026rdquo; GIF that sold for over $500k. So how can you jump on this emerging trend? First things first: here\u0026rsquo;s what you need to know about NFTs before you buy one:\n","content_html":"\u003cp\u003eNFTs, or non-fungible tokens, have been all the rage in the digital art community in recent months. In short, NFTs are blockchain-backed certificates of ownership for digital objects, such as videos and images. Just like with a physical painting or sculpture, an NFT represents that you own a unique piece of content (and it\u0026rsquo;s yours to keep forever), even though that content is purely digital. And just like with physical artworks at auction houses like Christie\u0026rsquo;s and Sotheby\u0026rsquo;s, some NFTs can sell for staggering amounts of money—like this \u0026ldquo;anime girl\u0026rdquo; GIF that sold for over $500k. So how can you jump on this emerging trend? First things first: here\u0026rsquo;s what you need to know about NFTs before you buy one:\u003c/p\u003e\n\u003cp\u003eNFTs are blockchain-backed certificates of ownership for digital objects, such as art or video clips.\u003c/p\u003e\n\u003cp\u003eNFTs are blockchain-backed certificates of ownership for digital objects, such as art or video clips. They’re a novel way to own a piece of digital culture — one that you can use to show off on social media, trade with your friends and admirers, and even sell back to the artist if you want.\u003c/p\u003e\n\u003cp\u003eNFTs aren\u0026rsquo;t limited to digital art, either. They could be used for many other purposes: for example, you could use them as tickets for an event like Burning Man or as vouchers for a trip around the world (you\u0026rsquo;d just have to make sure everyone has an Ethereum wallet).\u003c/p\u003e\n\u003cp\u003eYou can buy and sell NFTs with real-world money, but they only exist online.\u003c/p\u003e\n\u003cp\u003eNFTs are digital tokens that exist only online.\u003c/p\u003e\n\u003cp\u003eYou can buy them with real-world money on exchanges, dapps, and decentralized exchanges.\u003c/p\u003e\n\u003cp\u003eYou can also sell them for cash or other cryptocurrencies.\u003c/p\u003e\n\u003cp\u003eNFTs are part of the greater cryptocurrency ecosystem, and they\u0026rsquo;re traded on decentralized ledgers called blockchains.\u003c/p\u003e\n\u003cp\u003eNFTs are part of the larger cryptocurrency ecosystem. They\u0026rsquo;re traded on decentralized ledgers called blockchains. The Ethereum blockchain is the most popular network for NFTs, but it\u0026rsquo;s slow, expensive, and congested.\u003c/p\u003e\n\u003cp\u003eThe following sections explain how NFTs work in more detail and introduce you to some of the key players in this space.\u003c/p\u003e\n\u003cp\u003eThe most popular network for NFTs is currently Ethereum, which is the same network used by popular cryptocurrencies like Ether (ETH) and USD Coin (USDC).\u003c/p\u003e\n\u003cp\u003eIf you\u0026rsquo;re looking to buy non-fungible tokens (NFTs), your first step is to determine which network you\u0026rsquo;d like to use. The most popular network for NFTs is currently Ethereum, which is the same network used by popular cryptocurrencies like Ether (ETH) and USD Coin (USDC).\u003c/p\u003e\n\u003cp\u003eEthereum\u0026rsquo;s blockchain is also used for more general purposes—for example, it can be used to create smart contracts or host initial coin offerings (ICOs).\u003c/p\u003e\n\u003cp\u003eIf you want your NFTs on a different network than Ethereum\u0026rsquo;s blockchain, then chances are good that someone else has already built a tokenization platform with that functionality.\u003c/p\u003e\n\u003cp\u003eHowever, the Ethereum network has become increasingly congested in recent months, causing transaction fees to increase dramatically.\u003c/p\u003e\n\u003cp\u003eHowever, the Ethereum network has become increasingly congested in recent months, causing transaction fees to increase dramatically. Transaction fees are a way to pay the network for processing transactions—they\u0026rsquo;re paid in ETH, so you\u0026rsquo;ll need some ETH in your wallet before you can make an NFT purchase. You may be wondering how much these transaction costs are going to run up on your bill. Unfortunately for us all, there\u0026rsquo;s no easy answer; transaction fees are calculated by the network and vary based on things like gas price (a measure of how much \u0026ldquo;fuel\u0026rdquo; is required for a given transaction), gas used per byte of data sent across the blockchain (the more bytes you send at once means more gas consumption), and total demand on nodes at any given time—if everyone tries to use their Ethereum address right now instead of later when there\u0026rsquo;s less congestion on Ethereum itself then that means higher load times which leads back around again\u0026hellip;\u003c/p\u003e\n\u003cp\u003eAlternative networks like Polygon and Solana offer lower fees and faster transaction processing times than Ethereum.\u003c/p\u003e\n\u003cp\u003eEthereum is the most popular network for NFTs, but it\u0026rsquo;s not the only option. In fact, Polygon and Solana offer benefits that Ethereum doesn\u0026rsquo;t: low fees, fast transaction times, and higher scalability.\u003c/p\u003e\n\u003cp\u003ePolygon is a network for hosting new applications and games that are built on decentralized architecture. It uses its own native token (PLG) as a payment method for all transactions within the platform. Polygon also has a built-in governance system that allows users to vote on whether or not they want to include new features into the ecosystem or change existing ones; this means that users have more control over how their experience of using Polygon evolves over time.\u003c/p\u003e\n\u003cp\u003eSolana offers similar benefits to those found in Ethereum; however, it can process transactions more quickly than other blockchains because it supports an algorithm called “Proof of History” rather than Proof of Work (PoW). PoW consumes large amounts of electricity and takes longer than PoH because every transaction needs to be verified by several computers simultaneously before being added as part of an ever-growing blockchain record; this makes scaling up networks like Bitcoin difficult because there would need to be more hardware available when demand increases significantly over time - leading us back into familiar territory where no one knows what they\u0026rsquo;re doing yet again!\u003c/p\u003e\n\u003cp\u003eNFTs are a novel way to own a piece of digital culture; here\u0026rsquo;s how you can get started with them.\u003c/p\u003e\n\u003cp\u003eNFTs are a novel way to own a piece of digital culture; here\u0026rsquo;s how you can get started with them.\u003c/p\u003e\n\u003cp\u003eNFTs are blockchain-backed certificates of ownership for digital objects, such as art or video clips. For example, you might purchase a virtual cat from CryptoKitty and then sell it to someone else later on. These tokens represent ownership of whatever they refer to — in this case, the cat — and can be traded on marketplaces like OpenSea or Rarebits for other NFTs or cryptocurrencies like ether (ETH).\u003c/p\u003e\n\u003ch2 id=\"1-create-a-web3-wallet\"\u003e1. Create a Web3 Wallet\u003c/h2\u003e\n\n\u003ch5 class=\"additionalreading\"\u003eAlso Read: \u003ca href=\"\"\u003e\u003c/a\u003e\u003c/h5\u003e\n\n\n\n\n\n\n\n\u003cp\u003eTo get started, you’ll need an Ethereum-compatible crypto wallet, in other words, \u003cem\u003ea web3 wallet\u003c/em\u003e, and fund it with enough ETH. You can use a crypto wallet to purchase, sell, store, and swap crypto assets.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eOpenSea works with all significant Ethereum web3 wallets. You can see which crypto wallets you can use on OpenSea \u003ca href=\"https://support.opensea.io/hc/en-us/articles/1500007978402-Wallets-supported-by-OpenSea\"\u003ehere\u003c/a\u003e. However, Metamask is the most popular one, that’s why we’ll use it in our instructions.\u003c/li\u003e\n\u003cli\u003eTo download Metamask, visit \u003ca href=\"https://metamask.io/download/\"\u003emetamask.io/download\u003c/a\u003e and choose your browser. Chrome, Firefox, Edge, and Brave are supported. Mobile extensions for iOS and Android are also available.\u003c/li\u003e\n\u003cli\u003eAfter choosing the extension, click on “Get Started.”\u003c/li\u003e\n\u003cli\u003eClick on “Create Wallet.”\u003c/li\u003e\n\u003cli\u003eYou’ll be prompted with a screen that shows a new seed phrase for your wallet. This seed phrase is a long string of words that Metamask automatically creates. You will require it in the future to recover your wallet. If you lose it, nobody can help you get your funds back. That’s why you should save it in a secure place.\u003c/li\u003e\n\u003cli\u003eNext, create your password. This password will be the only thing you’ll require to log into your wallet in the future, provided that you connect from the same device. If you need to use your wallet on another device in the future, you’ll have to use the seed phrase we mentioned above. It’s worth emphasizing that you should never lose your seed phrase.\u003c/li\u003e\n\u003cli\u003eAfter this step, you’ll be prompted to confirm your seed phrase by choosing the words that appear on the screen in the same order as they appear in your seed phrase.\u003c/li\u003e\n\u003cli\u003eYour MetaMask download will be completed, and the MetaMask icon will be shown in the top right corner of your browser window.\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch2 id=\"2-connect-your-metamask-wallet-to-opensea\"\u003e2. Connect your MetaMask wallet to OpenSea\u003c/h2\u003e\n\u003cp\u003eOnce your wallet is up and running, head over to \u003ca href=\"http://opensea.io/\"\u003eOpenSea.io\u003c/a\u003e.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eClick on the wallet icon in the upper right corner and choose MetaMask. You’ll be requested to sign for approval to connect your wallet to OpenSea.\u003c/li\u003e\n\u003cli\u003eYou can create a username, write a bio, and add your social channel links when your wallet is connected. But these steps aren’t required to buy NFTs. Connecting a wallet is enough for that.\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch2 id=\"3-fund-your-metamask-wallet-with-ethereum\"\u003e3. Fund your Metamask wallet with Ethereum\u003c/h2\u003e\n\u003cp\u003eTo buy NFTs, you need Ethereum cryptocurrency. You can buy it on central exchanges like \u003ca href=\"https://accounts.binance.com/en/register?ref=CL2JFAB6\"\u003eBinance\u003c/a\u003e, \u003ca href=\"https://www.coinbase.com/join/ajulu_v\"\u003eCoinbase\u003c/a\u003e, or \u003ca href=\"https://www.kraken.com/\"\u003eKraken\u003c/a\u003e.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eCreating an account on these exchanges all work in similar ways. You need to undergo a verification process by providing an ID or Passport.\u003c/li\u003e\n\u003cli\u003eOnce you’ve been verified, you can buy Ethereum. Depending on the exchange you choose, different payment options are possible. Usually, you’re able to pay with a credit card for the first time. Some exchanges also work with bank transfers.\u003c/li\u003e\n\u003cli\u003eAfter this step, you should transfer Ethereum from the exchange to your MetaMask wallet. Again, the process is similar in every exchange. You need to copy your MetaMask address for receiving currencies and paste it into the appropriate “send” field found in the cryptocurrency exchange for Ethereum withdrawals. This section is usually found on your exchange balance. Click on the withdrawal button and paste your MetaMask wallet address and confirm.\u003c/li\u003e\n\u003cli\u003eBased on the cryptocurrency exchange you choose, there might be an additional security step like Two-Factor Authentication (2FA), in which case you need to enter a verification code during the above process.\u003c/li\u003e\n\u003cli\u003eEthereum transfers are usually fast. But depending on the busyness of the network, it may take up to an hour in rare cases.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eOnce your wallet is funded with enough ETH, you can search for an NFT to buy on OpenSea.\u003c/p\u003e\n\u003ch2 id=\"3-search-an-nft-on-opensea\"\u003e3. Search an NFT on OpenSea\u003c/h2\u003e\n\u003cp\u003eThere’re millions of NFTs on OpenSea. It’s a good idea to know about the platform’s searching and filtering options.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe Explore lists all active NFT categories. You can choose one category to see all NFTs within that category in one place.\u003c/li\u003e\n\u003cli\u003eUnder the stats tab, you can see the highest demand collections in the last 24 hours, seven days, 30 days, or all time.\u003c/li\u003e\n\u003cli\u003eTo explore more filtering options, go to \u003ca href=\"https://opensea.io/assets\" title=\"https://opensea.io/assets\"\u003ehttps://opensea.io/assets\u003c/a\u003e. You’ll see the options listed on the left-hand side of the website.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eYou can view the results based on the status, price, blockchains, categories, and currencies you can use as payment methods.\u003c/p\u003e\n\u003ch2 id=\"4-buy-nfts\"\u003e4. Buy NFTs\u003c/h2\u003e\n\u003cp\u003eUsing search options allows you to find new NFTs based on various criteria. When you’ve found the NFT you want to buy, click on it to get to its own page.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eThere are two purchasing choices on each NFT page: Buy Now and Make Offer. To acquire the NFT at the specified price, select “Buy Now” and follow the directions in your wallet. It’s worth noting that OpenSea charges a variety of fees. In effect, this implies you’ll always pay more than the NFT’s retail price.\u003c/li\u003e\n\u003cli\u003eYou can try to purchase NFTs at a lower price than the current set price by making offers. Select the “Make an Offer” option. You’ll be asked to choose the currency you’d want to pay in. WETH, USDC, and DAI are the only three methods for making offers. You’ll have to pay a one-time gas fee if you haven’t made any purchases with these currencies in your wallet before.\u003c/li\u003e\n\u003cli\u003eSome owners choose to sell their NFTs through timed auctions, especially if there is a great demand for them. As a buyer, you’ll need WETH to create your bid by clicking the Place Bid button, precisely like you would for fixed-price NFTs.\u003c/li\u003e\n\u003cli\u003eConfirm the transaction on your Metamask wallet as the last step. It’s worth noting that you’ll have to pay a gas fee which can sometimes be more expensive than the NFT itself. Wait during less busy hours as a solution.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eThere are more NFT marketplaces:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003e\u003ca href=\"https://foundation.app\"\u003eFoundation\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://rarible.com/\"\u003eRarible\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://superrare.com/\"\u003eSuperRare\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://magiceden.io/\"\u003eMagic Eden\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://www.binance.com/en/nft/home?ref=C2NIWDDM\"\u003eBinance NFT\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003ca href=\"https://coinbase-consumer.sjv.io/c/221109/552039/9251?subId1=cbq-row-6804213267239653000\u0026amp;sharedId=hawk\u0026amp;u=https%3A%2F%2Fnft.coinbase.com%2F\"\u003eCoinbase NFT\u003c/a\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eConclusion\u003c/p\u003e\n\u003cp\u003eWhile NFTs are a fun and novel way for artists to sell their work and for collectors to own pieces of digital culture, the trend is still in its early days. As such, it\u0026rsquo;s important to understand how they work before purchasing them—especially since you may have to pay a hefty transaction fee depending on which network you use. Still, if you\u0026rsquo;re interested in getting involved with NFTs, we hope that this article has been helpful. Happy hunting!\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://unstoppabledomains.com/?ref=d066811aa8ea4f2\"\u003e\u003cimg src=\"/images/unstoppabledomainsad.webp\" style=\"width: 100%; height: auto;\"\u003e\u003c/a\u003e\u003c/p\u003e\n","date_published":"2022-06-08T14:00:00+03:00","image":"https://ajulu.netlify.app/images/dylan-calluy-e4tbps9k_po-unsplash.jpg","tags":["technology","tech","nft","nfts","non fungible tokens","non fungible token"]},{"id":"https://ajulu.netlify.app/posts/nfts-the-whats-whys-and-hows/","url":"https://ajulu.netlify.app/posts/nfts-the-whats-whys-and-hows/","title":"NFTs: The What, Why and How","summary":"So you’ve been hearing more and more about this mysterious NFT topic, and you’re ready to find out what it’s all really about. You’re in the right place! We’re going to go over the basics of NFTs and demystify some common areas of confusion and misconception. Ready?\nLet’s start with the name. NFT stands for non-fungible token. Don’t worry; it’s not as complicated as it sounds. ‘Fungible’ means that something can be traded, like physical currency or cryptocurrencies. So, a non-fungible token means that this particular token can’t be traded for another one. Why? Because NFTs are digital representations of assets, and those assets can be nearly anything. An NFT isn’t a currency; it’s basically a certification of authenticity for a digital asset. Frequently, these assets are collectibles, like sports memorabilia, but they’re digital.\n","content_html":"\u003cp\u003eSo you’ve been hearing more and more about this mysterious \u003ca href=\"https://www.fundz.net/blog/nft-startups-storming-the-stage-past-future-and-earnings\"\u003eNFT topic\u003c/a\u003e, and you’re ready to find out what it’s all really about. You’re in the right place! We’re going to go over the basics of NFTs and demystify some common areas of confusion and misconception. Ready?\u003c/p\u003e\n\u003cp\u003eLet’s start with the name. \u003ca href=\"https://insidexpress.com/technology/nft/\"\u003eNFT\u003c/a\u003e stands for \u003ca href=\"https://aetsoft.net/insights/blog/nft-marketplace/\"\u003enon-fungible token\u003c/a\u003e. Don’t worry; it’s not as complicated as it sounds. ‘Fungible’ means that something can be traded, like physical currency or \u003ca href=\"https://smartoptions.io/cryptocurrency-beginners-guide/\"\u003ecryptocurrencies\u003c/a\u003e. So, a non-fungible token means that this particular token can’t be traded for another one. Why? Because NFTs are digital representations of assets, and those assets can be nearly anything. An NFT isn’t a currency; it’s basically a certification of authenticity for a digital asset. Frequently, these assets are collectibles, like sports memorabilia, but they’re digital.\u003c/p\u003e\n\u003cp\u003eYou might be asking why anyone would bother \u003ca href=\"https://nftnewstoday.com/2021/11/02/guide-to-flipping-nfts/\"\u003eflipping NFTs\u003c/a\u003e or paying for something like this, and it’s a good question. Digital art is one of the best examples to explain this. If we think about physical art and how much people value it (think of a painting from a renowned artist like Monet selling at a world-class auction house for tens or hundreds of millions of dollars), the actual value lies in having the original. Anyone can go online and look at a digital representation of a Monet painting, but only one person in the world will be the owner of that piece. Scarcity creates demand, and NFTs allow for scarcity to be created around \u003ca href=\"https://businesspartnermagazine.com/5-reasons-why-nfts-here-stay/\"\u003edigital items\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eNext, let’s talk about how NFTs are created and why they’re secure. If you’re familiar at all with how cryptocurrency works, then you’re well on your way to understanding how NFTs are created. NFTs use the same \u003ca href=\"https://www.zenruption.com/zenmoney/3/22/how-cryptocurrency-helps-developing-countries?rq=crypto\"\u003eblockchain algorithm\u003c/a\u003e that cryptocurrencies like Ethereum use. This allows the NFT creator to build in unique information to each NFT, making everyone unique and distinguishable from all other NFTs. This also means that you can easily transfer ownership, and NFTs can be added together to create an entirely new NFT with its own identifiers.\u003c/p\u003e\n\u003ch1 id=\"where-do-nfts-get-bought-or-sold\"\u003eWhere Do NFTs Get Bought Or Sold?\u003c/h1\u003e\n\u003cimg src=\"https://porch.com/advice/wp-content/uploads/2022/02/iStock-1367730766.jpg\" width=\"788\" height=\"443\"\u003e\n\u003cp\u003eNon-Fungible Token (Non-fungible Token) – NFT – Digital Art Stored on Digital Ledger (Blockchain) – Conceptual Illustration\u003c/p\u003e\n\u003cp\u003eThere are a few main places for buying and selling non-fungible tokens, but more and more are popping up as this trend grows.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://rarible.com/\"\u003eRarible\u003c/a\u003e – This peer-to-peer platform is great for perusing collectibles and getting your feet wet in the NFT world.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://opensea.io/\"\u003eOpenSea.io\u003c/a\u003e – Similar to Rarible, OpenSea is an established peer-to-peer NFT platform that connects artists and sellers directly with buyers.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://foundation.app/\"\u003eFoundation\u003c/a\u003e – Foundation is a different setup than Rarible and OpenSea in that there is a cost for artists to put their work on Foundation, and they must also be endorsed by a current artist to be approved. This promotes legitimacy and high-quality work but can also mean a higher price point for buyers.\u003c/p\u003e\n\u003cp\u003eAll of the platforms mentioned here require you to purchase \u003ca href=\"https://www.nftradar.org/top-cryptocurrency-news-today-the-biggest-moves-in-nfts-6/\"\u003eNFTs with cryptocurrency\u003c/a\u003e. Not all platforms accept all forms of crypto, so you’ll have to make sure you have a digital wallet and the approved form of crypto to purchase NFTs on these platforms.\u003c/p\u003e\n\u003ch1 id=\"why-are-nfts-so-talked-about-right-now\"\u003eWhy Are NFTs So Talked About Right Now?\u003c/h1\u003e\n\u003cimg src=\"https://porch.com/advice/wp-content/uploads/2022/02/shubham-dhage-Xnf4XmmaRZ8-unsplash.jpg\" width=\"640\" height=\"360\"\u003e\n\u003cp\u003eMore and more of our daily lives are moving online, including how we perceive value. Remember way back when, in the days that digital music was first coming out, how inconceivable it seemed then that you would pay money, like real money, never to get a physical copy of your music? Crazy! Why would anyone ever pay for something they’ll never really have, right? Cut to today, where most of us have online libraries of music the size of which we’d never have had the space to store, and it comes with us right in our pockets.\u003c/p\u003e\n\u003cp\u003eThis is the type of pivot point we’re getting to with NFTs. There are an increasing number of things in the digital space that matter enough to us that we want to own them, to know for sure that they’re ours. NFTs allow us to do that in a traceable and verifiable way. It might seem like an odd concept now, but just wait until you come across a digital asset that speaks to the collector in you!\u003c/p\u003e\n\u003ch1 id=\"3-main-nft-categories\"\u003e3 Main NFT Categories\u003c/h1\u003e\n\u003cimg src=\"https://porch.com/advice/wp-content/uploads/2022/02/iStock-1358821701.jpg\" width=\"782\" height=\"447\"\u003e\n\u003cp\u003eAnything digital that can be tokenized can be made into an NFT, but some main categories have been established, and some have, albeit short, track records.\u003c/p\u003e\n\u003ch2 id=\"nft-digital-art\"\u003eNFT Digital Art\u003c/h2\u003e\n\u003cp\u003eDigital art is one of the most popular ways that NFTs are used. The process of creating a unique token for a piece of artwork allows the artist to verify the authenticity of the piece, thereby creating scarcity around it. On the buyer side, the NFT use of blockchain means that hacking the NFT and creating a fake is much less likely.\u003c/p\u003e\n\u003cp\u003eOf course, like physical art, there is the opportunity for hackers to “forge” artwork, but it becomes much less likely using blockchain. Similar to art, NFTs can be used to prevent the counterfeit selling of luxury goods, such as rare wines and whiskies. \u003ca href=\"https://overproof.com/2022/01/27/whiskey-nfts-and-wine-nfts/\"\u003eWine and whiskey NFTs\u003c/a\u003e not only ensure the authenticity of these ultra-premium products but also reduces the risk of damage to the product because they must be securely stored when backed by an NFT**.**\u003c/p\u003e\n\u003ch2 id=\"nfts-in-real-estate\"\u003eNFTs In Real Estate\u003c/h2\u003e\n\u003cp\u003eNFTs in \u003ca href=\"https://smartcrowd.ae/blog/news-press/are-nfts-the-future-of-real-estate/\"\u003ereal estate\u003c/a\u003e are broken into two categories, entire asset (EA) and fractional ownership (FO). Fractional ownership NFTs are more common because they essentially work as stock in a company. You could purchase an NFT representing a portion of a real estate company, and you would be paid out accordingly based on profits. In this case, an NFT is treated similarly to stock and is intended to be registered with the Securities and Exchange Commission.\u003c/p\u003e\n\u003cp\u003eEntire asset NFTs are much more complicated because we don’t have the class of ownership in place yet to tokenize an \u003ca href=\"https://porch.com/advice/5-ways-get-home-improvement-loan\"\u003eentire property\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eHere’s a fun, very 21st-century concept—online real estate. Metaworld platforms like Roblox and Decentraland are virtual worlds that now offer real estate opportunities. Essentially, they work just like physical world real estate. There are a limited number of parcels available in varying locations, and they are bought and sold as NFTs. The future is here.\u003c/p\u003e\n\u003ch2 id=\"nfts-in-gaming\"\u003eNFTs In Gaming\u003c/h2\u003e\n\u003cp\u003eGamers, get ready! Going on quests and winning battles with game characters that are in themselves NFTs can now earn you crypto, which you can exchange for traditional currency. \u003ca href=\"https://www.cnet.com/features/nfts-are-coming-for-your-video-games-players-get-ready/\"\u003eAxie Infinity\u003c/a\u003e is a great example of one of these types of games, where characters are NFTs called Axies, and their trainers win more in battles or breed new ones from their existing Axies. These trainers can then sell their Axies to other players.\u003c/p\u003e\n\u003cp\u003eAnother significant way the NFTs show up in gaming is in wearables, like sneakers. Digital artists create 3D sneaker designs that players can wear in games like Fortnite. The train doesn’t stop at shoes, though. Game skins, avatars, and all kinds of in-game options are being created and tokenized.\u003c/p\u003e\n\u003ch1 id=\"what-about-music-nfts\"\u003eWhat About Music NFTs?\u003c/h1\u003e\n\u003cimg src=\"https://porch.com/advice/wp-content/uploads/2022/02/marcela-laskoski-YrtFlrLo2DQ-unsplash.jpg\" width=\"640\" height=\"427\"\u003e\n\u003cp\u003eNFTs in music are a potentially game-changing swing in the industry for musicians. By tokenizing their work, artists can monetize their songs while at the same time bringing fans on board for the journey of that piece of work. An additional benefit is that an NFT can be created or “minted” with programming that automatically gives the musician a royalty each time the NFT is sold. Given the significant challenge that digital music has presented artists with over the past two decades, tokenizing their work could be a great way to help ensure our favorite musicians are getting paid for their work.\u003c/p\u003e\n\u003ch1 id=\"can-i-make-money-on-nfts\"\u003eCan I Make Money On NFTs?\u003c/h1\u003e\n\u003cp\u003eSimply put—you can. But, they can also suddenly become worthless with no notice. The value of an NFT is in what someone else is willing to pay for it. Once you’ve purchased one, you can’t simply trade it in for a cryptocurrency, exchange that for real-world money, and be on your way. You have to find someone who sees value in whatever your NFT represents and is willing to purchase it.\u003c/p\u003e\n\u003cp\u003eOf course, this can be likened to any number of real-world examples. Say you purchase a home, and then a massive overpass is put up right next to it. Your property value won’t be zero, but it will lose value because the perception will be that it’s now less desirable and therefore worth less than it was when you paid for it. Or, to make it even more simple—Beanie Babies, anyone?\u003c/p\u003e\n\u003ch1 id=\"the-future-of-nfts\"\u003eThe Future Of NFTs\u003c/h1\u003e\n\u003cp\u003eNFTs have only been around for a few years and have only started becoming more mainstream in the recent past, so predicting their future use is murky at best. There are essentially two camps—those that think NFTs will be adopted as commonplace and will revolutionize the way we interact online, and those that believe NFTs will go the course of the Beanie Baby.\u003c/p\u003e\n\u003cp\u003eThe notable difference between something that is purely a collectible, like the classic Beanie Baby example, and NFTs, is that NFTs can be used to verify the ownership and authenticity of an individually created product like art or music. NFTs have more of a function than a traditional collectible, so what happens remains to be seen!\u003c/p\u003e\n\u003cp\u003eNow that you have the nuts and bolts of what an NFT is, how they are made, and where to find them, you can decide whether this is an experiment that you’ll be trying for yourself or whether you’ll let some more time go by before dipping your toe into the NFT waters.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eArticle by\u003c/strong\u003e \u003ca href=\"https://porch.com/advice/author/189\"\u003e\u003cstrong\u003ePamela Tatam\u003c/strong\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eSource:\u003c/strong\u003e \u003ca href=\"https://porch.com/advice/nfts-what-why-and-how\"\u003e\u003cstrong\u003ePorch\u003c/strong\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://unstoppabledomains.com/?ref=d066811aa8ea4f2\"\u003e\u003cimg src=\"/images/unstoppabledomainsad.webp\" style=\"width: 100%; height: auto;\"\u003e\u003c/a\u003e\u003c/p\u003e\n","date_published":"2022-04-30T12:01:00+03:00","image":"https://ajulu.netlify.app/images/istock-1363842094.jpg","tags":["nfts","non fungible tokens","cryptocurrencies"]},{"id":"https://ajulu.netlify.app/posts/how-to-buy-your-first-nft-web-3.0-domain/","url":"https://ajulu.netlify.app/posts/how-to-buy-your-first-nft-web-3.0-domain/","title":"How To Buy Your First NFT Web 3.0 Domain: Unstoppable Domains","summary":"Today i\u0026rsquo;d like to help you buy your first NFT Web 3.0 domain. We\u0026rsquo;ll talk about what they are, where you can get one and how to buy/use one.\nFirst,\nWhat is an NFT/WEB3 Domain? NFT domains are domains that live on a public blockchain and give users complete ownership of their stored data. The main benefits to owning one are simplifying crypto transactions by replacing long complicated wallet addresses with the domain name and easily creating and hosting websites on web3.\n","content_html":"\u003cp\u003eToday i\u0026rsquo;d like to help you buy your first NFT Web 3.0 domain. We\u0026rsquo;ll talk about what they are, where you can get one and how to buy/use one.\u003c/p\u003e\n\u003cp\u003eFirst,\u003c/p\u003e\n\u003ch3 id=\"what-is-an-nftweb3-domain\"\u003eWhat is an NFT/WEB3 Domain?\u003c/h3\u003e\n\u003cp\u003eNFT domains are domains that live on a public blockchain and give users complete ownership of their stored data. The main benefits to owning one are simplifying crypto transactions by replacing long complicated wallet addresses with the domain name and easily creating and hosting websites on web3.\u003c/p\u003e\n\u003cp\u003eIf you haven’t heard yet, NFT domains are the newest kids on the block(chain) and they have the power to change what we know of as the internet today. But before we dive into all that goodness, let’s take a step back to run through what traditional domains are and define NFTs — that way, you can truly understand the superpowers behind NFT domains.\u003c/p\u003e\n\u003cp\u003eTypically, you interact with a traditional domain when you type the address (like Twitter.com) into your browser. But did you know traditional domains were originally built to do so much more on the internet? Think of functionalities like email and payments. Hard to believe, right?\u003c/p\u003e\n\u003cp\u003eBut as we can see, traditional domains haven’t progressed much beyond displaying websites. This might be because traditional domains have been controlled by centralized servers since the internet was created. This made it much more difficult for developers to innovate on top of that technology.\u003c/p\u003e\n\u003cp\u003eLuckily for us, the tech that powers NFT domains (a.k.a. blockchains) opens up a whole new realm of possibilities for us on the web!\u003c/p\u003e\n\u003ch2 id=\"what-is-an-nft\"\u003eWhat is an NFT?\u003c/h2\u003e\n\u003cp\u003e\u003cem\u003eNFT (non-fungible token): a digital certificate of authenticity used to assign and verify ownership of a unique digital or physical asset. Unlike fungible tokens, NFTs are not interchangeable with one another.\u003c/em\u003e\u003c/p\u003e\n\u003ch3 id=\"how-do-they-work\"\u003eHow Do They Work?\u003c/h3\u003e\n\u003cp\u003eGreat question! NFT domains are essentially a suite of smart contracts, which is a fancy term to describe software written on a public blockchain. This means that instead of one company controlling your data online, the power is transferred back to you as the user. And by being built on blockchains, anyone can look at the data stored there, creating a level of ultimate openness and transparency.\u003c/p\u003e\n\u003cp\u003eOn top of that, there is the benefit of enhanced security — only you hold the power to make updates to your NFT domain, which minimizes worries about servers getting hacked or domains getting stolen.\u003c/p\u003e\n\u003cp\u003eAll that to say, blockchain superpowers give everyone a safer way to surf the internet while also giving control back to you over what gets shared and where it gets shared.\u003c/p\u003e\n\u003cp\u003e\u003cem\u003eCool, I’m starting to get the power of blockchain but am still not 100% sure what I can DO with an NFT domain?\u003c/em\u003e\u003c/p\u003e\n\u003ch3 id=\"uses-of-an-nft-domain\"\u003eUses of an NFT Domain?\u003c/h3\u003e\n\u003col\u003e\n\u003cli\u003eSimplify crypto transactions by replacing all your complicated wallet addresses with your domain name as your username.\u003c/li\u003e\n\u003cli\u003eUse your domain to receive 275+ coins and tokens across multiple blockchain networks.\u003c/li\u003e\n\u003cli\u003eLogin to apps with your domain name as your universal web3 username.\u003c/li\u003e\n\u003cli\u003eUnlike traditional domains, fully own and control your domain. You buy it once, you own it for life!\u003c/li\u003e\n\u003cli\u003eEasily create and host websites, ranging from personal websites to NFT galleries.\u003c/li\u003e\n\u003c/ol\u003e\n\u003ch3 id=\"reasons-to-get-one\"\u003eReasons to get one?\u003c/h3\u003e\n\u003ch2 id=\"1-zero-renewal-fees\"\u003e#1) Zero Renewal Fees\u003c/h2\u003e\n\u003cp\u003eUnlike traditional .com domains, you fully own and control your Unstoppable Domain, so you never have to pay renewal fees. Ever. You buy it once, you own it for life!\u003c/p\u003e\n\u003ch2 id=\"2-seamless-crypto-payments\"\u003e#2) Seamless Crypto Payments\u003c/h2\u003e\n\u003cp\u003eNo longer fear your payments getting lost in the ether (pun intended). Instead of copy and pasting your wallet address (which is similar to a bank account number and can look like: 0xc6b0562605d35ee710138402b878ffe6f2e23807), use an Unstoppable Domain as your one-stop-shop username to store all of your wallet addresses for sending and receiving crypto.\u003c/p\u003e\n\u003ch2 id=\"3-multi-chain-compatibility\"\u003e#3) Multi-Chain Compatibility\u003c/h2\u003e\n\u003cp\u003eYour NFT domain comes with the superpower to receive over 275 supported coins and tokens, with many more on the way! Now you can navigate crypto transactions with ease, regardless of the blockchain network. \u003ca href=\"https://support.unstoppabledomains.com/support/solutions/articles/48001185621-what-cryptocurrencies-are-currently-supported-\"\u003e\u003cstrong\u003eBrowse the complete list of supported cryptocurrencies here.\u003c/strong\u003e\u003c/a\u003e\u003c/p\u003e\n\u003ch2 id=\"4-decentralized-websites\"\u003e#4) Decentralized Websites\u003c/h2\u003e\n\u003cp\u003eWant to create a website on the decentralized web? \u003ca href=\"https://support.unstoppabledomains.com/support/solutions/articles/48001181925-build-website\"\u003e\u003cstrong\u003eCreate one\u003c/strong\u003e\u003c/a\u003e in just a few clicks with our pre-made templates. Own any NFTs? Create a \u003ca href=\"https://support.unstoppabledomains.com/support/solutions/articles/48001185412-launching-an-nft-gallery\"\u003e\u003cstrong\u003egallery-style website\u003c/strong\u003e\u003c/a\u003e to show off your favorite collectibles as your collection grows. We\u0026rsquo;ll be adding more features and templates in the future, so stay tuned here.\u003c/p\u003e\n\u003ch2 id=\"5-own-your-identity-on-web3\"\u003e#5) Own Your Identity on Web3\u003c/h2\u003e\n\u003cp\u003eAs the world shifts to web3, it’ll be more important than ever to own your part of the new internet. By owning an Unstoppable Domain, you’ll not only help progress the digital world, you’ll ensure your identity is secured for the next wave of technology.\u003c/p\u003e\n\u003ch3 id=\"how-to-get-one\"\u003eHow to get one?\u003c/h3\u003e\n\u003col\u003e\n\u003cli\u003eTo buy one visit this link and follow the prompts: \u003ca href=\"https://unstoppabledomains.pxf.io/qnXOv5\"\u003e\u003cstrong\u003eRegister for Unstoppable Domains\u003c/strong\u003e\u003c/a\u003e\u003cstrong\u003e.\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003e\u003ca href=\"https://unstoppabledomains.pxf.io/qnXOv5\"\u003e\u003cimg src=\"/images/unstoppabledomainsad.webp\" style=\"width: 100%; height: auto;\"\u003e\u003c/a\u003e\u003c/p\u003e\n","date_published":"2021-12-22T13:31:00+03:00","image":"https://ajulu.netlify.app/images/unstoppable-1280x720.png","tags":["web3","technology","nft","blockchain","cryptocurrencies","cryptocurrency","domain","domains","domain names","domain name system","nfts","unstoppable domains","crypto"]},{"id":"https://ajulu.netlify.app/posts/top-gamefi-games-right-now/","url":"https://ajulu.netlify.app/posts/top-gamefi-games-right-now/","title":"Top GameFi Games Right Now","summary":"For players looking to get involved in these blockchain-based games and start earning cryptocurrency and NFTs, here is a breakdown of some of the leading games currently available.\nAlien Worlds In this game, players join an alien universe consisting of several planets where they must fight for scarce resources and mine the game’s native cryptocurrency, trillium (TLM). Players can also battle each other, go on quests and earn additional income by renting out their land to others.\n","content_html":"\u003cp\u003eFor players looking to get involved in these blockchain-based games and start earning cryptocurrency and NFTs, here is a breakdown of some of the leading\u003ca href=\"https://dappradar.com/rankings/category/games\"\u003e games\u003c/a\u003e currently available.\u003c/p\u003e\n\u003ch3 id=\"alien-worlds\"\u003eAlien Worlds\u003c/h3\u003e\n\u003cp\u003eIn this game, players join an alien universe consisting of several planets where they must fight for scarce resources and mine the game’s native cryptocurrency, trillium (TLM). Players can also battle each other, go on quests and earn additional income by renting out their land to others.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://alienworlds.io/\"\u003eAlien Worlds\u003c/a\u003e was the first game to \u003ca href=\"https://www.coindesk.com/inside-alien-worlds-the-biggest-game-in-the-metaverse\"\u003ebreak through 100,000 users\u003c/a\u003e and currently boasts over 2.5 million players. This was, in part, due to its free-to-play nature and the fact its metaverse world spans multiple blockchains including WAX, Ethereum, and Binance Smart Chain.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eNative crypto token:\u003c/strong\u003e \u003ca href=\"https://coinmarketcap.com/currencies/alien-worlds/\"\u003etrilium (TLM)\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eBlockchains:\u003c/strong\u003e Native WAX blockchain, but also runs off Ethereum and Binance Smart Chain (BSC)\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eMonthly user base:\u003c/strong\u003e \u003ca href=\"https://dappradar.com/wax/games/alien-worlds\"\u003e1,000,000\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eThe initial investment required:\u003c/strong\u003e You are required to buy NFT game cards such as land in order to mine.\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3 id=\"cryptoblades\"\u003eCryptoBlades\u003c/h3\u003e\n\u003cp\u003e\u003ca href=\"https://www.cryptoblades.io/\"\u003eCryptoBlades\u003c/a\u003e is a web-based role-playing game that emulates traditional games like Skyrim or Dark Souls. Players can battle monsters or complete in-game raids to earn SKILL tokens. To help with battles, players can craft weapons to build an advantage over their opponents or boost their power. These items can then be traded in an open marketplace.\u003c/p\u003e\n\u003cp\u003eThe gameplay itself is straightforward. There are four main components – fire, earth, lightning, and water – allocated to each character, weapon, attribute, and enemy. Each component will have its strengths and weaknesses, which players must then utilize and build strategies to beat their opponents.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eNative crypto token:\u003c/strong\u003e \u003ca href=\"https://coinmarketcap.com/currencies/cryptoblades/\"\u003e\u003cstrong\u003ec\u003c/strong\u003eryptoblades (SKILL)\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eBlockchain:\u003c/strong\u003e Binance Smart Chain\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eMonthly user base:\u003c/strong\u003e \u003ca href=\"https://dappradar.com/binance-smart-chain/games/cryptoblades-1\"\u003e510,000\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eThe initial investment required:\u003c/strong\u003e Users will need to purchase around 0.2 BNB to play and pay for transaction fees in-game.\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3 id=\"axie-infinity\"\u003eAxie Infinity\u003c/h3\u003e\n\u003cp\u003eA Pokemon-inspired universe where you can buy, take care of, breed, and trade digital monsters called \u003ca href=\"https://axieinfinity.com/\"\u003e“Axies\u003c/a\u003e.” Axie Infinity runs off its own specifically built sidechain so that it can optimize gameplay and scale effectively.\u003c/p\u003e\n\u003cp\u003eThe game has a high earning potential but requires high involvement to breed, care for and trade rare or unique Axies. These monsters can battle each other to earn SLP tokens or be sent on quests for resource farming.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eNative token:\u003c/strong\u003e \u003ca href=\"https://coinmarketcap.com/currencies/axie-infinity/\"\u003eaxie infinity (AXS)\u003c/a\u003e and \u003ca href=\"https://coinmarketcap.com/currencies/smooth-love-potion/\"\u003esmooth love potion (SLP)\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eBlockchain:\u003c/strong\u003e Ethereum\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eMonthly user base:\u003c/strong\u003e \u003ca href=\"https://dappradar.com/ethereum/games/axie-infinity\"\u003e308,000\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eThe initial investment required:\u003c/strong\u003e You need to purchase three Axies from the in-house marketplace before you can play.\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3 id=\"upland\"\u003eUpland\u003c/h3\u003e\n\u003cp\u003e\u003ca href=\"https://www.upland.me/\"\u003eUpland\u003c/a\u003e is an NFT metaverse made to parallel our world where players can buy, sell and trade properties linked to real-world addresses. Users can then play, run businesses and connect with other Uplanders across the world.\u003c/p\u003e\n\u003cp\u003ePlayers have an Upland avatar that can roam throughout a city to look for available properties for purchase. Or they can visit other players’ properties. To earn special UPX rewards and increase a property’s earnings, users can complete a Collection. This is similar to Monopoly; the more properties you have of a single color, the more valuable they are.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eNative token:\u003c/strong\u003e \u003ca href=\"https://coinmarketcap.com/currencies/upland/\"\u003eupland (UPX)\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eBlockchain:\u003c/strong\u003e EOS\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eMonthly user base:\u003c/strong\u003e \u003ca href=\"https://dappradar.com/eos/games/upland\"\u003e155,000\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eThe initial investment required:\u003c/strong\u003e To open an account, you need to first purchase a virtual property.\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3 id=\"splinterlands\"\u003eSplinterlands\u003c/h3\u003e\n\u003cp\u003eThis is a \u003ca href=\"https://splinterlands.com/\"\u003edigital collectible card game\u003c/a\u003e where players build up a collection of cards with various abilities and stats and use them to battle other players. Each card is represented by an NFT and is tradable or can be exchanged on the open market. The game relies on one-on-one fighting where players are randomly assigned battle parameters.\u003c/p\u003e\n\u003cp\u003eBoth players then have a limited amount of time to build a deck of cards they will use to fight each other.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eNative token:\u003c/strong\u003e \u003ca href=\"https://coinmarketcap.com/currencies/dark-energy-crystals/\"\u003edark energy crystals (DEC)\u003c/a\u003e and \u003ca href=\"https://coinmarketcap.com/currencies/splinterlands/\"\u003esplintershards (SPS)\u003c/a\u003e, which is the governance token\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eBlockchain:\u003c/strong\u003e Hive blockchain\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eMonthly user base:\u003c/strong\u003e \u003ca href=\"https://dappradar.com/hive/games/splinterlands\"\u003e120,000\u003c/a\u003e\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eThe initial investment required:\u003c/strong\u003e You must buy the summoner’s spellbook for $10 if you want to unlock the play-to-earn features and receive DEC tokens.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eSource: \u003ca href=\"https://www.coindesk.com/learn/gamefi-how-to-earn-crypto-playing-games-online/\"\u003eCoinDesk\u003c/a\u003e\u003c/p\u003e\n","date_published":"2021-12-09T16:40:00+03:00","image":"https://ajulu.netlify.app/images/610c1dd3ee4ef2b5089f768e_playtoearn.jpeg","tags":["gamefi","computer games","game finance","crypto","cryptocurrencies","cryptocurrency","play to earn","play 2 earn","free crypto","games","gaming","nft","nfts","defi","binance","binance smart chain","binance coin","metaverse","gameplay","gaming","online gaming","earn","game","decentralized","ethereum"]},{"id":"https://ajulu.netlify.app/posts/what-are-nfts-non-fungible-tokens-explained/","url":"https://ajulu.netlify.app/posts/what-are-nfts-non-fungible-tokens-explained/","title":"What are NFTs? Non Fungible Tokens Explained","summary":"Hi there! Today i\u0026rsquo;d like to talk about NFTs and all the hype surrounding them right now. To begin, we must first know what they are. So,\nWhat is an NFT? An NFT is a digital asset that represents real-world objects like art, music, in-game items, and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.\nAlthough they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $174 million has been spent on NFTs since November 2017.\n","content_html":"\u003cp\u003eHi there! Today i\u0026rsquo;d like to talk about NFTs and all the hype surrounding them right now. To begin, we must first know what they are. So,\u003c/p\u003e\n\u003ch3 id=\"what-is-an-nft\"\u003eWhat is an NFT?\u003c/h3\u003e\n\u003cp\u003eAn NFT is a digital asset that represents real-world objects like art, music, in-game items, and videos. They are bought and sold online, frequently with \u003ca href=\"https://www.forbes.com/advisor/investing/what-is-cryptocurrency/\"\u003ecryptocurrency\u003c/a\u003e, and they are generally encoded with the same underlying software as many cryptos.\u003c/p\u003e\n\u003cp\u003eAlthough they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering \u003ca href=\"https://www.coindesk.com/what-are-nfts\"\u003e$174 million\u003c/a\u003e has been spent on NFTs since November 2017.\u003c/p\u003e\n\u003cp\u003eNFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. “Essentially, NFTs create digital scarcity,” says Arry Yu, chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.\u003c/p\u003e\n\u003cp\u003eThis stands in stark contrast to most digital creations, which are almost always infinite in supply. Hypothetically, cutting off the supply should raise the value of a given asset, assuming it’s in demand.\u003c/p\u003e\n\u003cp\u003eBut many NFTs, at least in these early days, have been digital creations that already exist in some form elsewhere, like iconic video clips from NBA games or securitized versions of digital art that’s already floating around on Instagram.\u003c/p\u003e\n\u003cp\u003eFor instance, famous digital artist Mike Winklemann, better known as “Beeple” crafted a composite of 5,000 daily drawings to create perhaps the most famous NFT of the moment, “EVERYDAYS: The First 5000 Days,” which sold at Christie’s for a \u003ca href=\"https://decrypt.co/60971/beeples-nft-artwork-sells-for-60-3-million-in-christies-auction\"\u003erecord-breaking $69.3 million\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eAnyone can view the individual images—or even the entire collage of images online for free. So why are people willing to spend millions on something they could easily screenshot or download?\u003c/p\u003e\n\u003cp\u003eBecause an NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself.\u003c/p\u003e\n\u003ch3 id=\"how-is-an-nft-different-from-cryptocurrency\"\u003eHow Is an NFT Different from Cryptocurrency?\u003c/h3\u003e\n\u003cp\u003eNFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends.\u003c/p\u003e\n\u003cp\u003ePhysical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another. They’re also equal in value—one dollar is always worth another dollar; one Bitcoin is always equal to another Bitcoin. Crypto’s fungibility makes it a trusted means of conducting transactions on the blockchain.\u003c/p\u003e\n\u003cp\u003eNFTs are different. Each has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another (hence, non-fungible). One NBA Top Shot clip, for example, is not equal to EVERYDAYS simply because they’re both NFTs. (One NBA Top Shot clip isn’t even necessarily equal to another NBA Top Shot clip, for that matter.)\u003c/p\u003e\n\u003cp\u003eHow Does an NFT Work?\u003c/p\u003e\n\u003cp\u003eNFTs exist on a blockchain, which is a distributed public ledger that records transactions. You’re probably most familiar with blockchain as the underlying process that makes cryptocurrencies possible.\u003c/p\u003e\n\u003cp\u003eSpecifically, NFTs are typically held on the Ethereum blockchain, although other blockchains support them as well.\u003c/p\u003e\n\u003cp\u003eAn NFT is created, or “minted” from digital objects that represent both tangible and intangible items, including:\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e•\u003c/strong\u003e Art\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e•\u003c/strong\u003e GIFs\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e•\u003c/strong\u003e Videos and sports highlights\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e•\u003c/strong\u003e Collectibles\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e•\u003c/strong\u003e Virtual avatars and video game skins\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e•\u003c/strong\u003e Designer sneakers\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e•\u003c/strong\u003e Music\u003c/p\u003e\n\u003cp\u003eEven tweets count. Twitter co-founder Jack Dorsey sold his first-ever tweet as an NFT for \u003ca href=\"https://www.cnbc.com/2021/03/22/jack-dorsey-sells-his-first-tweet-ever-as-an-nft-for-over-2point9-million.html\"\u003emore than $2.9 million\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eEssentially, NFTs are like physical collector’s items, only digital. So instead of getting an actual oil painting to hang on the wall, the buyer gets a digital file instead.\u003c/p\u003e\n\u003cp\u003eThey also get exclusive ownership rights. That’s right: NFTs can have only one owner at a time. NFTs’ unique data makes it easy to verify their ownership and transfer tokens between owners. The owner or creator can also store specific information inside them. For instance, artists can sign their artwork by including their signature in an NFT’s metadata.\u003c/p\u003e\n\u003ch3 id=\"what-are-nfts-used-for\"\u003eWhat Are NFTs Used For?\u003c/h3\u003e\n\u003cp\u003eBlockchain technology and NFTs afford artists and content creators a unique opportunity to monetize their wares. For example, artists no longer have to rely on galleries or auction houses to sell their art. Instead, the artist can sell it directly to the consumer as an NFT, which also lets them keep more of the profits. In addition, artists can program in royalties so they’ll receive a percentage of sales whenever their art is sold to a new owner. This is an attractive feature as artists generally do not receive future proceeds after their art is first sold.\u003c/p\u003e\n\u003cp\u003eArt isn’t the only way to make money with NFTs. Brands like Charmin and Taco Bell have auctioned off themed NFT art to raise funds for charity. Charmin dubbed its offering “NFTP” (non-fungible toilet paper), and Taco Bell’s NFT art sold out in minutes, with the highest bids coming in at 1.5 wrapped ether (WETH)—equal to $3,723.83 at time of writing.\u003c/p\u003e\n\u003cp\u003eNyan Cat, a 2011-era GIF of a cat with a pop-tart body, sold for nearly \u003ca href=\"https://www.nytimes.com/2021/02/22/business/nft-nba-top-shot-crypto.html\"\u003e$600,000 in February\u003c/a\u003e. And NBA Top Shot generated more than \u003ca href=\"https://www.usatoday.com/story/sports/nba/2021/03/30/nba-top-shot-dapper-labs-valuation-funding-round/7058307002/\"\u003e$500 million in sales\u003c/a\u003e as of late March. A single LeBron James highlight NFT fetched more than $200,000.\u003c/p\u003e\n\u003cp\u003eEven celebrities like Snoop Dogg and Lindsay Lohan are jumping on the NFT bandwagon, releasing unique memories, artwork and moments as securitized NFTs.\u003c/p\u003e\n\u003ch3 id=\"how-to-buy-nfts\"\u003eHow to Buy NFTs\u003c/h3\u003e\n\u003cp\u003eIf you’re keen to start your own NFT collection, you’ll need to acquire some key items:\u003c/p\u003e\n\u003cp\u003eFirst, you’ll need to get a digital wallet that allows you to store NFTs and cryptocurrencies. You’ll likely need to purchase some cryptocurrency, like Ether, depending on what currencies your NFT provider accepts. You can buy crypto using a credit card on platforms like Coinbase, Kraken, eToro and even PayPal and Robinhood now. You’ll then be able to move it from the exchange to your wallet of choice.\u003c/p\u003e\n\u003cp\u003eYou’ll want to keep fees in mind as you research options. Most exchanges charge at least a percentage of your transaction when you buy crypto.\u003c/p\u003e\n\u003cp\u003ePopular NFT Marketplaces\u003c/p\u003e\n\u003cp\u003eOnce you’ve got your wallet set up and funded, there’s no shortage of NFT sites to shop. Currently, the largest NFT marketplaces are:\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e•\u003c/strong\u003e \u003ca href=\"https://opensea.io/\"\u003e\u003cstrong\u003eOpenSea.io\u003c/strong\u003e\u003c/a\u003e: This peer-to-peer platform bills itself a purveyor of “rare digital items and collectibles.” To get started, all you need to do is create an account to browse NFT collections. You can also sort pieces by sales volume to discover new artists.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e•\u003c/strong\u003e \u003ca href=\"https://rarible.com/\"\u003e\u003cstrong\u003eRarible\u003c/strong\u003e\u003c/a\u003e: Similar to OpenSea, Rarible is a democratic, open marketplace that allows artists and creators to issue and sell NFTs. RARI tokens issued on the platform enable holders to weigh in on features like fees and community rules.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e•\u003c/strong\u003e \u003ca href=\"https://foundation.app/\"\u003e\u003cstrong\u003eFoundation\u003c/strong\u003e\u003c/a\u003e: Here, artists must receive “upvotes” or an invitation from fellow creators to post their art. The community’s exclusivity and cost of entry—artists must also purchase “gas” to mint NFTs—means it may boast higher-caliber artwork. For instance, Nyan Cat creator Chris Torres sold the NFT on the Foundation platform. It may also mean higher prices — not necessarily a bad thing for artists and collectors seeking to capitalize, assuming the demand for NFTs remains at current levels, or even increases over time.\u003c/p\u003e\n\u003cp\u003eAlthough these platforms and others are host to thousands of NFT creators and collectors, be sure you do your research carefully before buying. Some artists have fallen victim to impersonators who have listed and sold their work without their permission.\u003c/p\u003e\n\u003cp\u003eIn addition, the verification processes for creators and NFT listings aren’t consistent across platforms — some are more stringent than others. OpenSea and Rarible, for example, do not require owner verification for NFT listings. Buyer protections appear to be sparse at best, so when shopping for NFTs, it may be best to keep the old adage “caveat emptor” (let the buyer beware) in mind.\u003c/p\u003e\n\u003cp\u003eSource: \u003ca href=\"https://www.forbes.com/advisor/investing/nft-non-fungible-token/\"\u003eForbes\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://unstoppabledomains.com/?ref=d066811aa8ea4f2\"\u003e\u003cimg src=\"/images/unstoppabledomainsad.webp\" style=\"width: 100%; height: auto;\"\u003e\u003c/a\u003e\u003c/p\u003e\n","date_published":"2021-11-30T18:36:00+03:00","image":"https://ajulu.netlify.app/images/nft-art-what-is-it.jpg","tags":["art","nft","nfts","non fungible tokens","non fungible token","tokens","digital art","cryptocurrencies","crypto","cryptocurrency","tech","technology","finance","blockchain","opensea","mint","minting"]}]}