“In the context of art and collectibles, an NFT is typically a unique digital representation of a good, such as a work of art,” McDaniel said. “It’s akin to a certificate of authenticity and gets recorded on a digital database that often serves as a decentralized public ledger.” ...
Earlier this year, the USD 69.3 million sale of Beeple’s NFT shook the internet and transformed people’s thoughts about digital collectibles. Everyone is now rushing to get their feet wet to catch this wave. Don’t panic if you’ve been watching from the sidelines, unsure where to begin ...
The result was a boom in NFTs, ornon-fungible tokens, which allow digital products to become limited-quantity collectibles. If you want to learn more about what digital collectibles are, how to invest in them, and the top NFT collectibles you can buy, read on. Image source: Get...
You might recognize NFT as an acronym for “non-fungible token,” but understanding it involves more than just a bit of crypto trivia. Let’s break it down, starting with the “token” part. Tokens vs. cryptocurrencies Tokens are similar to cryptocurrencies likeBitcoinandEthereumin that they ...
This part is the key to your successful NFT drop. Through NFTs, everybody can own digital content in their wallet. This means that your community can actually own your content and trade it. Think of collectibles or art collections in the digital world. It doesn’t make a big difference wh...
The FEVR Technology.RealFevr employs a variety of technologies to support its core application, as well as its smart contracts for the FEVR tokens and collectibles minting and selling. The Binance Smart Chain, as well as the marketplace and the FEVR tokens, will include video collectibles. ...
Just as investors are drawn to blue-chip stocks due to their established track record and market position, collectors and investors in the NFT space are attracted to this category of digital collectibles. The primary reason for the attraction is their enduring appeal and potential to hold and inc...
This allows you to easily build an ecommerce business without needing to invest in expensive infrastructure or hire staff. Selling on Amazon will need some up front cash to purchase stock, but with well over 250 million paying customers, it’s an extremely lucrative business model. I used to...
The decentralized nature of NFTs and the near-impossibility of faking them, make them a potentially reliable way to invest. As long as nobody else has the private key associated with your NFT, nothing can ever happen to it. The only real risk is if you lose the key. ...
Within a few short weeks of their launch, cryptokitties racked up a fan base that spent millions in ether to purchase, feed, and nurture them. Much of the earlier market for NFTs was centered around digital art andcollectibles, but it has evolved into much more. For instance, the popular ...