Is NFTfi the future for the crypto?In 2020-2021, DeFi was the main driver of market growth and bull cycle development, giving users more uses for tokens and opportunities for users to earn. DeFi will likely no longer be able to give the same opportunities to the crypto market due to the lack of implementation of new breakthrough concepts. The only thing DeFi apps can do is to give a lighter user experience, but that probably won't have the same effect as in 2020-2021
But there is another sector which can repeat and is likely to surpass everything which was given by DeFi. Is it really NFTfi?
Let’s go step by step:
1. DeFi were created for ERC-20 to give the users more opportunities to use it. NFTfi are created with the similar aim, but for the ERC-721/ERC-1155 standard tokens.
2. ERC-20 is the project tokens based on a blockchain. ERC-721/ERC-1155 are the project tokens based on a blockchain.
3. The projects, which had the ERC-20 tokens, have their own products and applications. We can say the same about the ERC-721/ERC-1155 tokens.
At first sight, we see that these two sectors are identical to each other.
Why can the NFTfi and ERC-721/ERC-1155 tokens give the market much more than DeFi and ERC-20 could?
ERC-721/ERC-1155 is a natively more understandable technology: trading pictures with a monkey is more understandable than trading token SocialFi platform or AI solution.
NFT is a more scalable technology as it allows you to tokenize a single cluster, whose object has unique properties and cannot be evaluated like any other object within the cluster. For example, real estate, premium and unique accessories, resource deposits and other.
It is much easier to make convenient and simple NFTfi applications for NFT.
NFTfi is the same as DeFi, not for common tokens but for unique assets. NFTfi gives all the same application options as DeFi: loans, credits, p2p exchanges, liquidity pools, decentralized futures etc.
At the moment the most promising and largest sector within NFTfi is NFT lending. NFT lending are products that allow NFT owners to borrow and lend. Lending is the first level of the whole financial system, just like TradFi, then DeFi and now NFTfi.
A brief review of the TOP 5 products of the NFTfi sector for traders
BendDAO ($BEND)
TVL: $187m
Price: $0.024
ATH price: $0.069
Market.cap: $9.3m
FDMC: $243m
ParaSpace (no tokens)
TVL: $37.7m
Jpeg’d ($JPEG)
TVL: $23m
Price: $0.0013
ATH price: $0.0066
Market.cap: $27m
FDMC: $92m
NFTfi (no tokens)
TVL: $10m
Frakt ($FRAKT)
TVL: $6.6m
Price: $0.1$
ATH price: $2.4
Market.cap: $487k
FDMC: $5m
As we can see, almost all projects from the NFT lending sector are undervalued by the market. TVL of projects which have a token is higher than the current market capitalization, and for Frakt it is even higher than the total capitalization. Two of the top-5 projects currently don't even have a token. Moreover, it's worth mentioning that many cutting-edge and exploding products are also still under construction.
Conclusion
Now we can conclude that the NFTfi market is severely underestimated, considering that the NFT sector takes about 50% of all transaction turnover on Ethereum, for example, and Solana got users and developed as a project only through NFT.
If the idea was interesting, give us a rocket and express your opinion on the topic. Soon we will post a second part of it, where we will look at other projects and mention the ones that may become the leaders of the market after the launch. Stay tuned!
Nft
Are NFT Marketplaces a trend today? Which assets to choose? The anticipated release of $BLUR could force traders to reevaluate the NFT marketplace sector and create a wave of growth. In this article, we will gather the main assets from the NFT marketplace sector and compare their metrics and products.
The major players in the sector, the two biggest players OpenSea and Blur have no token
LooksRare ($LOOKS)
Price: $0.3
ATH Price: $5.3
Market.cap: $145m
ATH Market.cap: $757m
FDMC: $308m
Although $LOOKS is one of the largest companies in the sector, it is risky enough to buy the token. $LOOKS has a large number of stakers, some of whom bought and accumulated the token at lower prices
The $LOOKS token has risen 131% in the last 3 months.
SuperRare ($RARE)
Price: $0.17
ATH price: $3.1
Market.cap: $56m
ATH Market.cap: $317.8m
FDMC: $170m
One of the most popular niche marketplaces where unique art is traded, not collections. It is also interesting because it's listed on Binance, and Binance retail investors are willing to buy anything that's trending and can give profit.
$RARE token is up 92% in the last 3 months
X2Y2 ($X2Y2)
Price: $0.21
ATH price: $3.2
Market.cap: $38.6m
ATH Market.cap: $300m
FDMC: $209m
It is the largest volume marketplace after Blur and OpenSea, but its token is lower by all metrics than $LOOKS, for example. It can be considered as a potential alpha for narrative growth and one of the hidden gems along with $RARE.
$X2Y2 is up almost 400% in the last 3 months.
Rarible ($RARI)
Price: $2.27
ATH price: $45
Market.cap: $867m
ATH Market.cap:
FDMC: $56m
One of the oldest projects of the sector. It has the smallest metrics for today..
RARI token has risen 34% in the last 3 months
A little bit about $BLUR
The Blur project now is a direct competitor to OpenSea, whose capitalization was estimated at the market peak in 2021 at ~ $1b. The release of $BLUR with roughly the same performance for FDMC may prompt the rest of the market to review token prices for projects from the same segment and, even more interestingly, may prompt OpenSea to give up issuing shares and going public and move to prepare for a token issue so as not to lose its position in the market
Conclusion
This year may be a pivotal year for the entire NFT sector. The largest companies in the real sector have increased their presence in this market and almost all of them have their own initiatives for denser integration. The possible token rally of NFT marketplaces could be just the beginning of this trend
Share your thoughts about NFT projects in a comments section, whether it worth trading/investing or not. Maybe you did some profit with it and you're ready to share your experience. Also check links and start trading with us!
Thank you for reading!
What is NFT Minting?NFTs, or non-fungible tokens, have emerged as one of the year's breakthroughs. NFTs have been making headlines recently in a variety of venues. Many inventors, artists, and corporate behemoths are eager to capitalize on this trend. Minting is one of the most critical phases in creating an NFT.
Minting an NFT means converting digital data into crypto collections or digital assets recorded on the blockchain. The digital products or files will be stored in a distributed ledger or decentralized database and cannot be edited, modified, or deleted.
The process of uploading a specific item to the blockchain is known as minting, and it is similar to how one mints a real coin.
"Exploring the Future Potential of Non-Fungible Tokens (NFTs)"Non-fungible tokens, or NFTs, are digital assets that are gaining popularity in the world of online gaming and digital art. NFTs use blockchain technology to ensure that each token is unique and cannot be replicated, making them a secure and verifiable way to prove ownership of digital assets.
One of the main benefits of using NFTs is that they can be easily bought, sold, and traded on online marketplaces. This allows creators of digital assets to easily monetize their work and for collectors to easily acquire and manage their collections.
A growing use case for NFTs is in the world of digital art. Artists are using NFTs to sell their digital creations and prove ownership and authenticity to collectors. This has the potential to revolutionize the art world, making it easier for artists to reach a wider audience and for collectors to own and trade digital art.
In addition to providing a secure and verifiable way to prove ownership and authenticity, there are several other benefits to using non-fungible tokens (NFTs).
One of the main benefits of NFTs is that they are easily transferable. Because they are built on blockchain technology, NFTs can be easily bought, sold, and traded on online marketplaces. This makes it easy for creators of digital assets to monetize their work, and for collectors to manage and trade their collections.
Another benefit of NFTs is that they are easily customizable. Because each NFT is unique, it can be customized to include additional information or metadata about the digital asset it represents. This allows for the creation of unique and collectible items that can be easily verified and authenticated.
Finally, NFTs have the potential to open up new revenue streams for creators of digital assets. By providing a way to easily monetize their work, NFTs can help creators generate income from their creations and potentially even turn their passion into a full-time career.
Overall, the use of NFTs is an exciting development in the world of digital assets. They provide a secure and verifiable way to prove ownership and authenticity, and are opening up new opportunities for creators and collectors alike.
Non-Fungible Token (NFT)Hi traders – I hope you all are doing well despite bear 🐻
It’s been a while since my last post but as NFT topic is largely uncovered in TradingView I thought that I will put something together. I have been learning about this area in past months
and here are my findings. I divided my writing into three chapters:
1) Research
2) Gaming and NFTs
3) CryptoWalkers
This way it’s more structured and easier to read.
1. Research
For last 6 months I have been researching NFT space and some of my conclusions are following:
NFTs can have basically unlimited use cases from music to land ownership
NFTs are here to stay and will become an asset class with very high market capitalization
Many well-known companies have shown their interest for NFTs
Can expect a lot of innovation in this sector
There are opportunities for investors/traders
Coinbase CEO Brian Armstrong said to Bloomberg: „The market for non-fungible tokens could rival or even be larger than the company’s cryptocurrency business.“ (10.11.2021)
I don’t know if that’s the case but there are definitely big potential in NFTs. According to CoinMarketCap, total Crypto market capitalization is $1.27 Trillion and NFTs total
market capitalization is $11,4 Billion (30.05.2022). This makes NFT market capitalization 0.9% of total Crypto industry. These numbers show that we are still very early.
During my research I have:
Deep dived into discord servers (every NFT project has their own server). I have been active there – asking questions and made suggestions. Fun thing about that is you generally
don’t know if you are speaking with 15 year old youngster or 60 year old elder.
Minted NFTs
Bought and sold NFTs on secondary markets
Invested into failed projects
To me investing into NFT projects is very similar to investing into startups – you invest mainly into founders & team. Idea is also important – as well ability
to make changes when something is not working. Also keep in mind that many startups fail, I guess that this number will be even higher in NFTs. Before bear market
there was extreme hype around NFT sector and you could basically draw a cow in Microsoft paint and sell it for 3 ETH if you were a good marketer. This is not the case
anymore. Currently sometimes even good projects are struggling to sell out. Generally I believe that bear market is good for the NFT ecosystem. It will clear up some air
and weak projects will fail. As famous investor Warren Buffett said: „Only when the tide goes out do you find out who’s been swimming naked.“ Strong projects will make it
because they keep building and this gives better foundation to new market cycle. This will also educate investors because at some point when investor had a whitelist spot
for minting event, it meant basically guaranteed profit. Markets can’t run like this forever. I mean you can still make money trading NFTs but it’s much harder with these market
conditions and more work needs to be done.
Here is little overview about different NFT categories (although sometimes it is difficult to classify them):
For example sometimes NFT belongs into multiple categories, like PFP (Profile Picture) project with P2E (Play-to-Earn) mechanics. I believe in time these categories will be
more precise as whole NFT market evolves. One of the most interesting area is blockchain gaming. This topic is nicely explained in Gemini's article and I copied it here (full link below).
2. Gaming and NFTs
While the global gaming industry continues to grow across all markets, it remains structured in a way that primarily benefits game developers and perpetuates a one-directional flow
of value where players spend money to unlock access to in-game assets and gameplay configurations. In contrast, blockchain-built games and decentralized applications (dApps) enable
players to capture the utility and value of in-game purchases and asset acquisitions more effectively.
Blockchain technology in gaming is driven by non-fungible tokens (NFTs), digital assets that represent in-game content. These tokens are unique, rare, and indivisible, while the
blockchain networks that underpin NFTs facilitate player ownership, provable scarcity, interoperability, and immutability. Together, these advantages have the potential to drive
mainstream adoption and a far more equitable value model.
Although the adoption of NFTs in the gaming world comes with benefits, it also presents significant obstacles to overcome. Most notably, NFTs need to be made more appealing and intuitive
to mainstream consumers who might not be technically oriented. And because NFTs possess intrinsic value, there's a risk that some will be used predominantly as speculative assets.
This potentiality could motivate players to purchase in-game assets with the hope of selling them for future profit instead of using the assets within the gaming ecosystem as intended.
Despite these challenges, the potential for profit within the gaming industry will motivate more non-blockchain-focused brands to experiment with NFTs, likely by forming partnerships with
third-party blockchain projects that have the technical expertise needed to bring their vision to life. Simultaneously, the broader success of gaming dApps will likely play a role in further
catalyzing NFT infrastructure improvements and drive the development of innovative solutions that unlock mainstream adoption.
Read full article here: www.gemini.com
3. CryptoWalkers
Cryptowalkers is unique collection of fully rigged 3D walking characters aimed to live in the Metaverse. All characters come with full bodies (and custom 3D backgrounds) to be used by
it’s owners in various Metaverse environments.
One of the main goals of this project is to develop P2E shooter game and it should be launching at February 2023 (dates can change, especially in Crypto but this is rough estimate).
Development is well underway and team has released some video clips from the game - this is one of the most advanced blockchain based P2E game I have seen so far. I think that
NFTs, P2E and Metaverse will become big things in Crypto. Despite being still early there are signs that this one will become one of the top players in the near future. I have
been part of their community since their minting event (December 2021) and feel very bullish on this project. I'm mostly impressed how professionally this one is managed.
Capable team is key to success and here we have one of those teams. They started with zero (0!) marketing budget but this little thing did not disturbed them. They managed to
build a strong community within short time-frame. When team is able to do things with limited resources then you could imagine what will start to happen when there is some money
backing their vision. In February Outlier Ventures joined as an investor and strategic partner. After that there are basically no closed doors for them. As I mentioned before,
it is wise to invest into strong teams. This is especially true in bear market.
Secondly, I believe that these CryptoWalkers have some X-factor that I can't describe. It's the same factor that separates great songs from good ones. To be honest, when I first
saw them then they seemed little weird to me 😀 Now I really like those Walkers... X-factor is working.
Here is chart of CryptoWalkers price movement (nftgo.io)
Current floor price is 0.18 ETH. Highest floor price was 0.5 ETH (02.02.2022). Current entry is more than 50% below that. Due to market conditions there is possibility to enter cheaply.
I think that this could be very good holding if trader wants some exposure in NFT sector.
CryptoWalkers website is: cryptowalkers.io
As always, DYOR!
Thank you and have a nice day. Cheers.
An NFT ManualHello, Let us talk about 'NFT.'
In this post, we will read about NFTs, where to find them, and how to buy them. Furthermore, what are they really?
Indeed we have all read this sentence since this is the first thing that comes up when we Google NFT:
"A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio."
Well, it is not wrong. It is a non-fungible token that can be traded.
They are mainly formed in 2D and 3D art forms.
You can profit from hundreds to thousands of dollars by buying and selling NFTs.
However, you need to be careful because there are too many scams out there. Many people get hacked, phished, or follow bad projects and lose their money.
Before answering the most FAQs, have in mind that NFTs can be built on many blockchains, traded on many platforms, and bought with different types of cryptocurrencies.
However, we will focus on the main, primarily used methods in this post.
Where should we find NFT projects?
Twitter, Instagram, and public/private chat rooms provide this information.
Nevertheless, Twitter is where it all happens. All NFT projects advertise on Twitter, and we can see by the number of their followers, likes, and comments, how genuine their community is and if it is a worthy project or not.
Where can we get access to mint/buy?
Once we find our desired project, we should find them on discord and join their server.
Different projects have different methods to White-List us to get us early access to mint/buy. Some require invites, some require being active and being helpful to their community, and some have their own unique rules.
Once we get past those requirements, we will be White-Listed to mint earlier than other people.
Where does it all happen?
Mostly on Opensea. When we buy or mint an NFT, we need to list it to trade it or sell it again.
That is when we need to pay Opensea for making a listing. Then we can list our NFTs on that listing and either take offers or set a fixed price for them.
What wallet do we need?
MetaMask is the wallet that is being mainly used in order to buy or mint NFTs. It is a safe wallet, and we can easily create one for free without identification.
What browser should we use?
Yes, Safari for Mac users and Chrome/Edge for Windows users is the preference we are familiar with.
However, when talking about NFTs and MetaMask and much money, we need to switch to something safer and more compatible.
Brave Browser is the one for this use. It also provides its own wallet, but we can always connect our MetaMask.
What is minting?
Most simply:
When we decide to buy an NFT, we have to produce it, validate it into existence, create a new block for it, and set its information.
Do not worry, it all happens automatically, we only need to pay the Gas fees.
Important tips:
Turn your DMs off on Discord.
Do NOT connect your wallets to unknown websites.
Use Brave Browser.
Have you ever traded NFTs? What do you think the pros and cons are?
Let us know your ideas.
Good luck.
An NFT ManualHello, Let us talk about 'NFT.'
In this post, we will read about NFTs, where to find them, and how to buy them. Furthermore, what are they really?
Indeed we have all read this sentence since this is the first thing that comes up when we Google NFT:
"A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio."
Well, it is not wrong. It is a non-fungible token that can be traded.
They are mainly formed in 2D and 3D art forms.
You can profit from hundreds to thousands of dollars by buying and selling NFTs.
However, you need to be careful because there are too many scams out there. Many people get hacked, phished, or follow bad projects and lose their money.
Before answering the most FAQs, have in mind that NFTs can be built on many blockchains, traded on many platforms, and bought with different types of cryptocurrencies.
However, we will focus on the main, primarily used methods in this post.
Where should we find NFT projects?
Twitter, Instagram, and public/private chat rooms provide this information.
Nevertheless, Twitter is where it all happens. All NFT projects advertise on Twitter, and we can see by the number of their followers, likes, and comments, how genuine their community is and if it is a worthy project or not.
Where can we get access to mint/buy?
Once we find our desired project, we should find them on discord and join their server.
Different projects have different methods to White-List us to get us early access to mint/buy. Some require invites, some require being active and being helpful to their community, and some have their own unique rules.
Once we get past those requirements, we will be White-Listed to mint earlier than other people.
Where does it all happen?
Mostly on Opensea. When we buy or mint an NFT, we need to list it to trade it or sell it again.
That is when we need to pay Opensea for making a listing. Then we can list our NFTs on that listing and either take offers or set a fixed price for them.
What wallet do we need?
MetaMask is the wallet that is being mainly used in order to buy or mint NFTs. It is a safe wallet, and we can easily create one for free without identification.
What browser should we use?
Yes, Safari for Mac users and Chrome/Edge for Windows users is the preference we are familiar with.
However, when talking about NFTs and MetaMask and much money, we need to switch to something safer and more compatible.
Brave Browser is the one for this use. It also provides its own wallet, but we can always connect our MetaMask.
What is minting?
Most simply:
When we decide to buy an NFT, we have to produce it, validate it into existence, create a new block for it, and set its information.
Do not worry, it all happens automatically, we only need to pay the Gas fees.
Important tips:
Turn your DMs off on Discord.
Do NOT connect your wallets to unknown websites.
Use Brave Browser.
Have you ever traded NFTs? What do you think the pros and cons are?
Let us know your ideas.
Good luck.
TradingView tools for educational artWhy I use cartoons in my education;
After trading for 21 years, I really like to simplify my charts - when trading I tend to only use one indicator - and that is more confluence & confirmation than entry/exit.
What I find that works well, when teaching students, is visual. Getting the message over in a fun way - it is easy to remember the content. In doing this, I have found that using @TradingView has become a very useful addition and in recent months I have enjoyed making content for education in the community here.
This has also taken a new path as NFT's have taken off and TV could be used for that element too. So what I wanted to do was share some of the recent posts all in one place and walk you through my latest one - step by step.
**** YOU CAN CLICK THROUGH EACH IMAGE FOR THE ACTUAL POST ****
The other thing you can do is use the drawing tools to create visual representations of patterns, candles and other useful tricks to share with the community. One recent post was this - the 3 page cheat sheet.
This was built using the path tool and trend lines.
Similar content to explain more complex Technical Analysis.
=================================================================================================
And of course some of the fun stuff;
This post was a huge hit, talking you through the emotions of being a trader, I tried to use Homer as the 'average' man that we can all relate to at times,
Relaxed when the market is strong
Through to Hope!
As panic sets in.
=================================================================================================
Other posts using images;
=================================================================================================
So when starting, I decide on the message I am trying to get over. Then select a theme or a character. From there, it's a question of If it will be incorporated with the chart active or not - again another useful feature on @TradingView - you can toggle the bars, lines, candles off if you use the little eye icon on the symbol in the top left.
In this example walk-through I am making a Fibonacci based image for a new Fibonacci post.
So I started with the angles - I used the angle line tool first and then copied with 'ctrl' & drag to the next levels.
This give me the lines I needed to start the overlay.
And then I could start building up and around - point to point.
Now you can start to see the spiral come together.
I then start adding detail, playing with the colour setup and so on.
Even adding a Fib box in the middle.
Still getting the colour configuration right.
Removing the lines from behind.
And the final image.
===================================================================
So as you can imagine, sometimes it takes a long time to build one of these types of posts. But it's worthwhile when it helps deliver the message.
I hope this is insightful and a good glimpse into how to use the charts for fun & education.
And of course with the rise of NFT's - you could build your own art here on @TradingView
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Taking profit from NFT? 🕵️Digital art is experiencing a renaissance. Therefore, in this idea, I have provided all the information needed to start making and selling our art in the form of NFT (non-fungible tokens) on blockchain.
-- What is NFT? --
NFT is for Non-Fungible Token, something like Certificate of Authenticity. In real life, classic artwork and valuable, historical artifacts are often sold at auction with receipts indicating the object's authenticity.
NFT does the same thing for digital items. They certify uniqueness in GIF, JPEG, MP3 and any other format. This technology creates a new kind of ownership for digital files that wasn't previously possible. NFTs can be bought, acquired, or sold, and even destroyed as physical objects.
The process of converting your work to NFT is called " Minting ", which refers to the process of creating a new blockchain coin and will forever be attached to that content, such as your image file. Artists multiply the internal NFT by adding an internal commission to the token (usually 10 to 30%). Whenever their work is resold, they are entitled to this commission.
-- Is it possible for my work to be converted into NFT? --
Perhaps, we live in the Wild West of the NFTs and anything is possible. Digital arts, songs, memes, recipes and even startups are now on the list of NFT stores. Currently, there are very few restrictive rules on what can be converted to NFT.
-- What does it take to start building NFT? --
You do not need to know enough about cryptocurrencies to build NFT, you only need some tools, such as Crypto Wallet and some Ethereum .
-- How to connect wallet to NFT market? --
Once you have your wallet ready and you have bought some Ethereum, it is time to choose the store where you want to build and sell NFT. Recommended for beginners working on the Rarible website ; Because it offers the easiest way. To connect the wallet to the rebel, first go to this website and click Connect from the right corner of the page.
On the next screen, select WalletConnect if you use Rainbow or Metamorphosis, and click WalletLink if you are using Coinbase. Many other wallets use this option and it is worth checking out these options to choose the preferred wallet.
It does not matter what wallet you use; Because the next step is the same. After selecting the connection option, a QR code is displayed on the screen. Scan this code using your Wallet app. After scanning, confirm the wallet connection to Rarible. Because this connection is secure, Rarible forces you to confirm your purchases after each transaction. Once your wallet is connected, your Rarible account will be created immediately. Now you have all the tools you need to build, mint and sell your first NFT.
-- Where to sell my NFT? --
The more news there are about NFT, the more stores will be created. Here's a list of huge digital stores for NFT:
Zora:
Zora is a store built on the idea that content creators should take control of their work from the main platforms. Zora allows creators to mint images, videos, audio files and even plain text documents. Currently, this store allows pre-invited creators to operate.
Rarible:
Rarible is one of the most popular websites for creators and collectors who want to enter the NFT world. Uploading content and building NFT on this website is as easy as posting a video on YouTube. In a market full of websites that can only be operated by pre-invitation, Rarible is one of the NFT destinations that allows new developers to sell their work from the moment of registration. However, due to this freedom of action, it is necessary to change the copyright and content control laws on this website.
SuperRare:
SuperRare is an NFT store for digital artists. You will not find memes or text posts or simple sound effects for sale here. The Super Rear series is very organized, new works are placed on this platform at a slower speed. Searching in SuperRear is like stepping into a specialized digital gallery. NFT works on this website are a reflection of thousands of hours of artist effort, with prices sometimes rising sharply and new builders being accepted only upon request.
Nifty Gateway:
Nifty Gateway is an NFT store that focuses exclusively on collectibles. Nifty works with prominent artists and musicians such as Grimes and Justin Roiland to release limited edition collections of NFTs. Nifty Gateway is one of the main NFT websites that separates itself from other digital retailers on the list by accepting credit cards. Like SuperRre, art works are often very expensive, and new artists must apply to this website before they can post their work.
OpenSea:
OpenSea is one of the first NFT stores and a huge library of content at various prices, including digital art and 3D collections and in-game video items. This website is one of the most accessible websites for NFT novices and offers a great experience in searching for pieces of art.
-- How to create NFT? --
There is no specific technique for making pieces of art that can be converted to NFT. If the store supports the file format you created, then you can convert it to NFT. This creates a new world for content that can be turned into money. Any image and file in TXT, JPG, PNG, MP3 or GIF formats can be converted to NFT on Zora or Rebell. Have you made a great meme or written a recipe for a delicious meal in TXT format? Well, it can be converted to NFT.
If this idea, helped you to get to know about NFT more, don't forget to hit the like button and leave comment. That will be a great motivation for me folks..
