Is NFT a Good Investment?
As the blockchain world becomes more and more advanced, exciting new technologies such as non-fungible tokens (NFTs) are emerging. What is an NFT you ask? Well, it all starts with a digital collectible. A digital asset that can be owned and traded in a marketplace.
What makes them special is that they are unique, not fungible. They are tied to a specific asset or something else in the real world. These assets become more valuable when the demand for them increases. This brings us to our take on NFTs in 2019.
The crypto market has been bearish since the beginning of 2018 and it will most likely continue on this way for the first half of the year. As expected, many crypto enthusiasts saw their investments take a hit and are now picking up cheap NFTs to record profits.
Although this might seem like an excellent idea at first glance, there are some things that you should know before you decide to invest in NFTs for the upcoming months.
It is important to keep in mind that the market for digital assets is very volatile and unpredictable, some experts have even said it’s more of a gamble than an investment. As NFTs are becoming increasingly popular, new projects are popping up on a daily basis, all claiming they have created the next best collectible.
With all these different projects, it is easy for investors to get caught up in the hype and believe they are investing in something special. However, there have been many cases where great ideas have turned out to be just another failed attempt at achieving success. It’s important that you stay away from investments that sound too good to be true or that are promised to deliver huge returns within a short period of time.
At the moment, NFTs are not being regulated by any governing body or law so you have to be careful with what projects you put your money into. Although there are some good investments out there, it’s important that you always do your own research before making any decisions.
Now the real question is, is NFT a good investment?
The short answer is, YES.
Since the market for digital collectibles is still relatively new, it has great potential to grow in years to come. With this being said, NFTs are the perfect way for investors that want to diversify their portfolios and minimize risks at the same time.
The world is becoming more digitalized every day and it’s predicted that the value of digital assets will continue to grow in the following years. Non-fungible tokens are here to stay, so why not join the revolution?
It’s no secret that the cryptocurrency market has been in a downtrend since the start of this year. However, there’s another trend that’s just getting started – Non-Fungible Tokens (NFTs). With CryptoKitties being a success already, could NFTs be the next major trend in crypto?
In this article we’ll discuss what exactly Non-Fungible Tokens are and why they’re becoming a popular topic of discussion again. We’ll also explain where all this hype is coming from before looking at what the next NFT trends could be.
What exactly is a Non-Fungible Token?
A non-fungible token (NFT) is simply a cryptocurrency that’s one of a kind. Each individual NFT exists on its own public blockchain and can be bought, sold or traded by anyone around the world. They’re not fungible because each NFT is unique and has its own value, which will be different to that of other NFTs.
Are they like cryptocurrencies?
Cryptocurrencies (or coins) such as Bitcoin (BTC) and Ethereum (ETH) can be sent from one individual wallet to another, allowing them to be exchanged between users. Fungibility describes the ability of an individual unit of a good or asset to be substituted for another identical unit. For example, one kilogram of gold can be exchanged for another kilogram of the same quality. A Non-Fungible Token (NFT) is different because each token is unique and therefore has its own value. To give it some context, think about a painting and a digital work of art like CryptoKitties. The painting is a unique item and therefore has its own value, while the digital version is no different to any other copy because it’s not tied to a real-world object.
We’ve seen many cryptocurrencies being developed over the past few years which have been based on Bitcoin, Ethereum or even Litecoin. These types of tokens are all examples of cryptocurrencies which can be traded on exchanges and could be considered fungible.
NFTs are cropping up more frequently now because they offer users a new way to interact with the blockchain through virtual collectibles. With NFTs you can receive unique assets which can be bought, sold or traded on a decentralised exchange. For instance, CryptoKitties is the first major NFT and has recently been seen as something of an online phenomenon. In 2017 there were more than 250 ICOs, raising over $3 billion in funding according to Coinschedule , with blockchain projects raising more money through token sales this year so far than the entire of 2017.
What is the next NFT trend?
As the popularity of NFTs continues to grow, there are two new trends that are emerging. The first is ‘Rent To Own’. This means the user will buy a specific digital item with the intention of owning it, but they can actually rent it out to another user who must return the product at a later date. The owner will then receive their original purchase back, so it’s kind of like trading.
The second is giving users the ability to buy NFT items at a specific price which could be different to what they are actually worth. For example, you might be able to buy an item for $100 which is only worth $10, but this would lead to a change in its value.
These new trends suggest that NFTs are here to stay and will only become more popular in the future. With more NFT projects beginning every month, 2022 could be the year for this new asset class.
Top NFTs by Market Cap
With the crypto market cap at all-time highs, it’s a good time to take a look at which non fungible tokens (NFTs) are at the top of the pile. Here we will take a look at the top 5 NFTs by market cap and try to understand why they have been so successful.
Every day, a new crypto project raises funds via a token sale of their non fungible token (NFT) which represents some sort of unique digital or physical asset that can be owned. Some represent cryptocurrency or game items while others are simply collectables.
As the number of NFT transactions grow, we will likely see this list change but here is our current top 3:
1. Decentraland (MANA)
Decentraland is a decentralized virtual reality world. Users can claim an area of land and then design their own space to do with what they please, subject to the rules of the Decentraland community.
Managers of these pieces of land can choose to sell specific parcels and set the terms for them based on smart contracts written in Solidity. They can also rent out their land for others to build upon.
The MANA tokens that fuel the Decentraland ecosystem are ERC20 tokens which use ETH as their gas source. Each parcel of land is divisible into 100,000,000 units called “MANA” and there will be an infinite amount of them.
2. Axie Infinity (AXS)
Axie Infinity is a game where players own Axies, creatures that can battle or be bred.
Owners of these Axies can give them names and take care of them in their homes with other digital pets. They can also choose to battle these pets against others in an arena for prizes.
The game has been called CryptoKitties meets Pokemon and is currently in closed beta. Their NFT, the Axie Infinity Token (AXS) tracks all of a player’s breeding and battling points and stores them on Ethereum.
Since their token is non fungible, each one of the 100,000,000 AXS tokens represents a specific Axie. The total supply will be hard-capped at 5,000,000 tokens.
3. The Sandbox (SAND)
The Sandbox is a blockchain-based platform where users can play and create games.
This game allows users to use non fungible tokens (NFTs) to build virtual worlds and experiences. They also allow third-party developers to create their own games using the open source Smart Game Objects as templates.
The Sandbox uses their SAND token to power their platform. It can be used for all activities on the Sandbox website including buying, selling and creating games.
The SAND tokens are non fungible and unique which means each of them is attached to a unique piece of pixel art created by their community using the in-game editor tools. The total supply will be 50,000,000 SAND tokens.
The aforementioned NFTs are some of the most successful in the market and we hope this article has given you a better understanding as to why. With so many different ways for someone to make money with their tokens, it’s important that they take advantage of what makes them unique and stand out from other projects on the market.
What Are The Most Valuable NFT?
With the rise of virtual reality and its expansion into the general public, it is no surprise that people are diving head first into NFTs (non-fungible tokens). But what exactly are NFTs? In a nutshell, they are unique digital assets. They can be likened to special baseball cards or rare pieces of art because each NFT is a unique stand-alone unit.
Here are the most valuable NFTs ranked by their current market price.
Cryptokitties is a blockchain-based game that allows users to buy, sell, and breed digital cats. The game was launched in late 2017 and became extremely popular, with over 1 million cryptokitties being sold by February 2018. As of June 2018, the total value of all cryptokitties sold is $21.7 million.
2. Crypto All Stars
Crypto All Stars is a NFT trading platform that allows users to buy and sell NFTs of celebrities like Elon Musk, Vitalik Buterin, or Paris Hilton. The platform was launched in February 2018 and has since generated $1.7 million worth of transactions.
HyperDragons is a blockchain-based game that allows users to buy and breed digital dragons. The game was launched in May 2018 and generated $784 thousand worth of transactions within 2 months.
4. NFT Market Index
The NFT Market Index is an NFT created by the Open Sea company in February 2018 to track the value of various non-fungible tokens. The index has been a huge success, generating nearly half a million dollars in transactions.
Trophies are NFTs that can be bought or sold on a trading platform. Troptions is an NFT that is dedicated to the virtual trophies of video games. Since its launch in December 2018, it has generated $450 thousand worth of transactions.
Cryptopunks are digital characters that each have their own unique look. They were developed by the same company that created Cryptokitties and were launched in late 2017. As of June 2018, they had generated $316 thousand worth of transactions on the Ethereum blockchain.
Everdragons is a blockchain-based game that allows users to buy, sell, and breed digital dragons. It was launched in February 2018 and has since generated $250 thousand worth of transactions.
CryptoBots are NFTs inspired by the popular game called CryptoBots. This game was created by AxiomZen, the same company that created Cryptokitties.
9. Gods Unchained
Gods Unchained is a blockchain-based card game where each card represents unique assets in the game. It has generated $55 thousand worth of transactions since its launch in October 2018.
10. CryptoBots – Idle
CryptoBots – Idle is another NFT based on the popular game CryptoBots. It was launched in December 2018 and has generated $30 thousand worth of transactions so far.
We hope you enjoyed reading about the most valuable NFTs that are currently available. Whether it’s Cryptokitties, crypto all stars, or something more niche like CryptoBots – Idle, there is a digital asset out there for everyone. If you have any questions as to what type of NFT would be right for your business or want help implementing one into your marketing plan, don’t hesitate to reach out! We’ll be happy to answer any and all of your queries.
What Are The Top NFT Collections?
NFTs, or non-fungible tokens, are quickly gaining popularity as the new way to represent digital assets. While there are still some kinks to be worked out with this new technology, the potential for NFTs is huge. Here we will take a look at some of the top collections of NFTs currently in existence:
Possibly one of the most well-known NFTs, cryptokitties is a game built on top of Ethereum that allows users to purchase and breed cryptographic kittens. These kitties are breeding in pairs with one parent offering an “instruction set” (essentially male/female traits) while the other offers the genes for the traits (with each parent having 1 gene out of 16).
Etheremon is an NFT game built on top of Ethereum that allows users to capture, train, and sell virtual monsters. These monsters can be bought at auction or traded between players. Each monster has 3D features that are visible when you click on them. Etheremon is a popular choice for those looking to purchase their first NFT as the prices are relatively low with many being under $5.
Much like cryptokitties, this is an NFT game built on top of Ethereum that allows users to purchase and trade famous people. Users can purchase celebrities, including all of your favorite musicians and actors. However, it is important to note that this isn’t a platform for purchasing celebrity data, but rather their image and likeness… so do with that what you will!
Decentraland is an NFT virtual world built on top of Ethereum that allows users to purchase virtual real estate. The NFTs offered by Decentraland have been retired from being traded, but can still be viewed here. While not actively traded, the value of these NFTs fluctuates with the market and some have significant value. In addition, new decor that changes how parts of your land look is constantly being added to the platform.
The cryptocollectibles category consists of NFTs that are not games, but rather offer unique pieces such as artwork or other creative pursuits. One such example is CryptoCarz – an Ethereum-based game where users can purchase and race cars. When you purchase a car, you receive a smart contract that contains the car data and then have access to all of your winnings from racing.
In addition, some projects are being built on top of Exonum to allow people with specific collections to create NFTs with unique attributes in an effort to protect them from theft or tampering. For instance, a person might want to create a cryptocollectible item that can be verified as real by having a particular car’s VIN number.
As you can see, there are plenty of exciting uses for NFTs and they seem to follow a trend of gamifying aspects of the cryptocurrency world. This may be because games are often at the forefront of technology, but regardless it is something to keep an eye on as the market continues to develop.
Where Can I Sell NFTs?
NFTs, or non-fungible tokens, are digital assets created for specific individuals. This means they cannot be sold to anyone else (unless you sell the entire account.) NFTs can be traded on decentralized exchanges where you’ll pay extremely low fees and no one will take your funds if an exchange is hacked or disappears overnight. However, not all decentralized exchanges support NFT trading and trading fees can be high (e.g., 0.2% per trade on the Kyber Network). We’ll go over some of the best options to sell your NFTs for ETH or BTC below:
Here are some of your options:
OpenSea is a peer-to-peer marketplace that lets you buy and sell NFTs and ETH with other users. All listings on OpenSea go through a verification process to ensure they are real items before being added to the site, so scams are minimized.
OpenSea is the largest marketplace for digital goods like cryptokitties. It has an active community and a moderator, SunTzu583 , who will add verified NFTs from other marketplaces.
Rarebits is another large decentralized marketplace for buying and selling NFTs. They have a nice interface and let you see your cards before confirming a purchase.
3) My Ether Wallet
MyEtherWallet is a decentralized web-based wallet that lets you buy, store, send and receive ERC20 tokens. You can then use it to sell NFTs.
MEW has an integrated marketplace where you can list your NFTs for sale in exchange for ETH or BTC using their automated smart contract. You can also look at listings or search for specific NFTs directly on the marketplace tab in MEW.
Etheremon is a decentralized game where players collect, train and battle monsters called Etheremons. You can sell your Etheremons through their marketplace to other players for ETH or BTC.
Decentrex is another decentralized exchange that lets you trade NFTs with ETH. The site has clean interface, but you’ll need to deposit funds into the site through Metamask before trading.
6) Open Airdrop
Open Airdrop is a blockchain-based social network where all users are paid in ETH for providing content (e.g., articles, photos, videos, etc.). Users can also make money by referring new signups.
Open Airdrop uses blockchain technology to ensure that money is transferred directly from advertisers to users, that all content is authentic and that the process of uploading ads goes smoothly. Content creators are paid 1 ETH for every 10 unique views their posts receive. Advertisers are charged 3 ETH per shared ad on Open Airdrop at a flat rate.
Ethfinex is the first hybrid decentralized exchange to offer peer-to-peer trading of NFTs with ETH. All orders are settled on a smart contract, but users can withdraw their funds from Ethfinex directly into their personal wallets. NFTs traded on Ethfinex will have low fees and a 0.2% maker-taker fee schedule.
There are a number of options for selling your NFTs. You can sell them on decentralized exchanges like OpenSea, Rarebits, and My Ether Wallet or you can use integrated marketplaces directly in your web-based wallet like MEW. If you want to sell Etheremons, you can do so on the Etheremon marketplace. Finally, if you’re looking for a social network that pays users in ETH, then check out Open Airdrop. They offer 1 ETH per 10 unique views of user content. Have you sold any NFTs? Let us know in the comments below!
What is an NFT?
The digital world is a realm of infinite possibilities. It’s also the fastest-changing environment on Earth, with new technology and innovations appearing every day. The digital world is becoming increasingly important to us, with money, data, and even identity moving online. With this increase in use comes an increased amount of innovation, especially when it comes to the way we store our data.
Recently, there’s been a lot of attention given to blockchain technology – currently one of the most popular technologies for developing decentralized applications. Blockchain technology is an open-source, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.
The purpose of this article is to discuss how blockchain can be used for Non-Fungible Tokens – a special kind of smart contract that allows you to store unique information on the Ethereum blockchain. The rapid increase in the use of NFTs has created a diverse and healthy ecosystem. This ecosystem contains digital assets, like Cryptokitties, CryptoPunks, and Decentraland. NFTs can take many forms – they might be tickets for games or events, unique artwork, collectibles, trading cards, voting rights in decentralized organisations… the list goes on.
One of the main advantages of NFTs is that they can represent a unique asset – in other words, they cannot be duplicated! This means you only need to create one instance of your Cryptokitty (for example) and you’ll effectively ‘own’ it forever. The possibilities are endless – if something exists as an NFT, you can own it as such.
Before we go any further, it’s important to note that NFTs are not to be confused with Cryptocurrencies. Those who are new to the digital economy may think that NFTs are just another type of cryptocurrency – they’re not. Cryptocurrencies are tokens which have the same properties as money. You can use them for payments or as a store of value.
NFTs can be described as digital assets that are unique and verifiably scarce. They’re the opposite of cryptocurrencies, which are fungible tokens (meaning they can be interchanged with other units) and infinitely reproducible. NFTs come in many forms – for example, CryptoKitties were the first example in NFTs. Since then, there have been many more, such as CryptoPunks and Decentraland’s LAND virtual properties.
NFTs are typically unique tokens created on the blockchain – you only get one shot at making an instance of them, so they can’t be duplicated or faked. Even if you see an NFT token in two places at once, it’s guaranteed that they’re both different from each other. This is possible because NFTs are not recorded on a centralized database – instead, they’re stored on a decentralized blockchain network.
Some important features of NFTs include:
– Unique: NFTs are unique and rare. They can’t be duplicated, so there is no need for proof of ownership as this can be verified on the blockchain.
– Verifiable: Users know that each instance of an NFT is one of a kind and has not been used before or duplicated. This makes it difficult for scammers to use phishing, fake websites or fake wallets.
– Efficient: Because the blockchain allows for decentralized applications (dApps) and trustless transactions, it can handle these unique tokens efficiently. NFTs are censorship resistant, so nobody can stop you from owning them or creating more.
– Secure: NFTs are created on the blockchain, so they are secure against hacking attempts. Since NFTs are unique, it makes them even more difficult to steal.
– Portable: Users own their tokens and can store them in compatible wallets or trade them freely without worrying about third parties controlling or blocking transfers.
– Censorship Resistant: Decentralized applications (dApps) are censorship resistant, so nobody can stop you from owning them or creating more.
– Programmable: NFTs can have a program attached to them that dictates how they behave within a specific set of rules. This could be used for complex applications such as multi-signature transactions and decentralized organizations.
NFTs are a great way to take ownership of digital assets that represent something unique and valuable. They’re also censorship resistant, so nobody can stop you from owning them or creating more. If you have an idea of what your NFT might be, contact our team of experts today! We’ll help you plan out how to create it in the most efficient manner possible.
Who Has The Biggest NFT Collection?
As with many things in the blockchain space, nobody really knows who has the biggest NFT collection. Titles are very subjective when it comes to bragging rights, but some users do come close to the title. Some users do have standardly high numbers of certain NFTs, but just don’t have all that many of them.
There are a few users who claim to have some of the highest or largest collections in one way or another, so let’s take a look at some of those people and break down their collection and why they think theirs might be the biggest.
at the time of writing, CryptoCayce is on a mission to collect all NFTs from 2018, and it would appear he has been successful so far. He also claims to be in possession of most ERC721 tokens and says that his collection far exceeds the number owned by any other single person.
Felix has around 55,000 tokens and is currently tracking over 3,500 NFTs. His biggest holdings are Kesek Coin (a cryptocurrency), the Championship Olympic Skin (from UFC 3) and PepeCash. He owns almost 10% of all non-fungible tokens in existence.
3) CryptoFights – CryptoFights is the biggest NFT game with over 3,000 items on its marketplace. They have had some massive sales recently, including $8,500 spent on Cloud Drake eggs during their recent event where they also sold an Assassin Skin for $1,200.
Rex has not only made a name for himself in the movement, but also holds a number of different records, such as owning one of the rarest crypto collectibles – P3D tokens. He also has some other big NFTs such as CryptoBots and Blockchain Cuties.
This company claims to have the biggest selection of kaiju-themed crypto collectibles in the world. Based out of Japan, they make unique art pieces like the Godzilla hoodie which was recently sold for $3,000.
The game that started this whole craze has to be mentioned in any article about crypto collectors! There are two main types of players in CryptoKitties. Some people are just trying to make money by breeding their kitties and selling them, while others are purely collectors. The game does have its own record-breaking sales – the most expensive kitty sold for ~$120,000, but that particular cat was special because it had a rare gene which allowed it to breed more unique kitties.
This is a very unique crypto-collectible which basically allowed players to buy whole countries at auction before the country was actually made public. Now, only some of the flags are available for sale and these sell for around $10 currently. The most expensive flag sold for $1,400.
8) Crypto Celebrities
– Another game which is similar to CryptoKitties in that you can buy specific celebrity NFTs. Some of the most expensive celebrities include 50 Cent and Satoshi Nakamoto. Some stars sell for prices in the thousands!
It’s hard to say who has the biggest NFT collection because no one knows for sure. One reason why it might be difficult is that there are different ways of measuring size, like by number or percentage. Some people have a lot of tokens but not many items, while others may only have 10% ownership in all non-fungible tokens yet still own more than 50 thousand individual pieces. The Crypto Celebrities game features some expensive celebrity NFTs which can sell for thousands each time they’re bought.
Best NFT Projects by 2021
The future is now. The next few years will be pivotal for the world as we know it, and the NFT industry is poised to capitalize on this change. In this article, we’ll explore how to invest in NFTs and what projects you should look out for by 2021 to ensure your portfolio thrives in a new world order.
NFTs are digital assets that can be traded on any number of blockchain networks-and there are already over 1,000 different tokens currently available. For investors looking at these projects, it’s important to understand their potential impact-both positive and negative–on our society before making an investment decision.
For example, some virtual currencies have been used as fundraising tools for terrorist groups like ISIS. Other tokens hold monetary value, but can also be used as a payment tool that could effectively replace fiat currencies. Before making a decision on a potential investment, it’s crucial to investigate the intent behind each token and evaluate whether it will have a positive impact on society as a whole.
In some cases, NFTs are directly tied to
This is a crypto role-playing game with an MMO combat system and the trading of cards. The gameplay will attract players of various ages, especially children who love mining games. Users can mine various coins of various blockchains to complete missions, defeat monsters and acquire new blocks for their own characters.
2) Zombie Zoo
Zombie Zoo is an online game where players can take part in zombie battles and own their own cryptozoological creatures. This game also has player vs. player (PvP) battles, where users fight other cryptids to earn items. After the battle, teams are formed with members of the same type of creature, like zombies or vampires. The use of NFTs allows players to have a unique pet with specific attributes and abilities, which can be used for team battles.
Artblocks is a digital platform for artists, designers, and gamers. Artblocks allows users to make their own NFTs like characters, animals, or buildings (e.g., “Star Wars” droids) and sell them on the Artblocks platform. The cryptocurrency associated with this project is called Arton (ARTB), which can be used to purchase NFTs. The project has a number of experienced members, including some who have previously worked at Pixar or Lucasfilm.
This is a game that allows players to own their own cryptids. Users can collect, breed, mine and enhance their teams for PvP battles, or simply enjoy the social aspect of the community. After completing missions, users are rewarded with creature eggs that produce new cryptids. If your team wins in combat against another player’s team, you get to keep their creatures.
Hyaliko is a 3D metaverse gallery that auto-generates a “show” based off the NFTs in a person’s wallet. Each NFT generates a 3D model, and they are automatically placed in the gallery by the source code. The more NFTs you have, the more galleries you can visit.
The future is coming and the world as we know it will change. NFTs are poised to capitalize on this shift in power, which means that if you want your portfolio to thrive in a new order of society, now is the time to invest. The projects listed here provide some insight into what’s possible with these digital assets: from playing games like RPGs or trading cards online to owning cryptids and building 3D models for galleries.
Investing early could mean huge gains down the line when more people start using blockchain technology-and our article has given you some solid options worth considering right away!
Thanks for reading and see you on our next blog!