Everything you need to know about NFTs tokens

[zasad@]

Non-fungible tokens (NFTs) "are unique, digital items with blockchain-managed ownership. Examples include collectibles, game items, digital art, event tickets, domain names, and even ownership records for physical assets."

This is a very promising direction for the development of cryptocurrencies. The demand for these tokens and the number of services is constantly growing.
I will try to post the maximum amount of useful information in this thread.

NFT BIBLE
https://opensea.io/blog/guides/non-fungible-tokens/

Great NFT
https://app.rarible.com/create
FAQ
https://www.notion.so/rarible-com-FAQ-9038d28524164a5e83150de052f6d5a5

NFT markets

Rare things
https://opensea.io/

Worldwide Asset eXchange
https://wax.io

Picture
https://knownorigin.io
https://superrare.co/
https://makersplace.com/
https://niftygateway.com/
https://mintbase.io/
https://async.art/

NFT explorer
https://enjinx.io/

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The topic will be supplemented as more information is received.

[1713521981]

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[zasad@]

Reserw

[zasad@]

The main question is, why are these NTF tokens so expensive?
I tried to figure out the pricing.

1. If you bought a token or was presented with it, then to sell it you only need to pay a commission for creating a new smart contract on the NFT token market.

2. If you want to create your own tokens and sell it or donate it, then I will write the approximate prices on the rarible project.
You will need to pay for several smart contracts that will create a collection, create a title for you, and so on.
For the first token, you will need to pay 0.6 ETH.

Further, the production of tokens will be cheaper.

[Denies Distro]

The main question is, why are these NTF tokens so expensive?
I tried to figure out the pricing.

For this reason, it usually depends on people's interest in buying the NFT and also most expensive NFTs are limited edition NFTs, and also currently the most expensive NFT is Art NFT because the price can reach above 20 eth, For example NFT made by Ashton Kutcher, the paintings he made are ridiculous but maybe because he famous public figures when he did the auction sold over 20 eth.

[jacafbiz]

I was expecting NFTs tokens to really gain momentum with the DEFI hype but it seems people are still figuring them out, there are still some work to be done to make market penetration. When I saw the way MANA token pumped hard in 2019, my though then was that this is going to push the NFT niche market to a new height but things has cooled down recently

[hrunya102]

It is interesting that there has already been a boom in ICO IEO Defi, whether there will be a next boom in NFT, there are interesting options for using NFT tokens.

[zasad@]

The main question is, why are these NTF tokens so expensive?
I tried to figure out the pricing.

For this reason, it usually depends on people's interest in buying the NFT and also most expensive NFTs are limited edition NFTs, and also currently the most expensive NFT is Art NFT because the price can reach above 20 eth, For example NFT made by Ashton Kutcher, the paintings he made are ridiculous but maybe because he famous public figures when he did the auction sold over 20 eth.

The most expensive NTF token is the one that the crypto community knows about. It is enough to promote the picture on Twitter

Founder Cat #18 Last sold for 253 ETH
https://opensea.io/assets/0x06012c8cf97bead5deae237070f9587f8e7a266d/18

Last sold for 246 ETH
https://opensea.io/assets/0x06012c8cf97bead5deae237070f9587f8e7a266d/1

See how many tokens are constantly being sold
https://wax.io/blog/round-up-wax-is-the-king-of-nfts-heres-why

[minairia3]

This is a very promising direction for the development of cryptocurrencies. The demand for these tokens and the number of services is constantly growing.
I will try to post the maximum amount of useful information in this thread.

Actually nfts become a trend now. Even the founder of yfi andre cronje are even thinking that nft will be the next after defi hype. Most of the projects that focuses on nft will surely be a good haven for profits. Now I can see that avalanche has a bright future already for incoroporation of nft system on their platform.

But truly I am confuse on how those nft will be useful for any of crypto community. I know its served as a building block for collection but what its purpose?

[casperBGD]

This is a very promising direction for the development of cryptocurrencies. The demand for these tokens and the number of services is constantly growing.
I will try to post the maximum amount of useful information in this thread.

Actually nfts become a trend now. Even the founder of yfi andre cronje are even thinking that nft will be the next after defi hype. Most of the projects that focuses on nft will surely be a good haven for profits. Now I can see that avalanche has a bright future already for incoroporation of nft system on their platform.

But truly I am confuse on how those nft will be useful for any of crypto community. I know its served as a building block for collection but what its purpose?

NFT could be used for many different things, not to mention gaming industry and usage of NFT from one game into other game, gaming industry has multi-billion in-game purchase industry within, and every gamer will be interesting to acquire particular NFT that could be used in many games, more than in-game asset that could be used in just one game, and forfeited by software company

[ololajulo]

It is interesting that there has already been a boom in ICO IEO Defi, whether there will be a next boom in NFT, there are interesting options for using NFT tokens.

there are indications that NFTs will join Defi in the next rally after this corrections. I can see more NFTs and its token mention on twitter. Whales are very much awake and will take advantage of any trending and hype project. It could be the best time with this correction to pick some of the NFT token. It will be a great development to see cryptocurrency evolve with onground projects in gaming industry,real estate, art

[Ucy]

They are interesting. What interests me the most in the list is "ownership records of physical assets". I kind of want more of  physical representation of the virtual assets.
And I wonder how possible can owners be able to fully control their assets... like how you would fully own and control your Bitcoins by running full nodes?
There are some other very interesting that can be done with this.

[Killrbit]

I was expecting NFTs tokens to really gain momentum with the DEFI hype but it seems people are still figuring them out, there are still some work to be done to make market penetration. When I saw the way MANA token pumped hard in 2019, my though then was that this is going to push the NFT niche market to a new height but things has cooled down recently

Its just the hype shifting away from Defi Into something else that's all. With all the recent rug pulls on Uniswap people aren't going all Degen into random liquidity pools on uniswap anymore. So people have just shifted the goal posts From Defi into NFT tokens now.  The last time NFT tokens were big was in 2017 with Crypto kitties. People were paying anywhere from 1- 100 ether per kitty if i recall. Will not turn out well.

[contraband]

I was expecting NFTs tokens to really gain momentum with the DEFI hype but it seems people are still figuring them out, there are still some work to be done to make market penetration. When I saw the way MANA token pumped hard in 2019, my though then was that this is going to push the NFT niche market to a new height but things has cooled down recently

Its just the hype shifting away from Defi Into something else that's all. With all the recent rug pulls on Uniswap people aren't going all Degen into random liquidity pools on uniswap anymore. So people have just shifted the goal posts From Defi into NFT tokens now.  The last time NFT tokens were big was in 2017 with Crypto kitties. People were paying anywhere from 1- 100 ether per kitty if i recall. Will not turn out well.

I would increase my knowledge of NFTs if I were you.

They are merging with Defi.

Blockchain games adoption graphs look like a hockey stick in almost all metrics

NFTs remind me of crypto back 2012

[malikg18]

I can not understand How to deal with NFT. For every step Eth deduct heavily fee which is not affordable. DEGO should made it simple , it should be like other buying and selling Dashboard where buyers sellers are available.

[Fivestar4everMVP]

I can not understand How to deal with NFT. For every step Eth deduct heavily fee which is not affordable. DEGO should made it simple , it should be like other buying and selling Dashboard where buyers sellers are available.

Understand that the ecosystem is still very young and NFTs is just starting to gain traction, in a very years from now when the technology must have been fully adopted, and the ethereum blockchain upgraded to handle more transactions per second, NFT transaction fees will cost less and also, there will always be buyers ready to pay for your NFTs assets... It's a growing market and it's growing really fast.

[puremage111]

NFT's will definitely bloom
Especially in the ingame items market

Unlike the current traditional in-game items market
where the items can simply goes missing and can't be traced
Blockchain NFT's can definitely provide more transparency where your item don't just go missing or etc

[studio1one]

I have been collecting NFTs ever since Enjin was launched but, sadly there are not enough good marketplaces for NFTs (IMO). Opensea is good but selling NFT there takes a long time because of the low volume. Enjin marketplace is alright but, because of ETH the transaction price is huge.

So far, I didn't use RARI.

[Bekuciwu9]

I have been collecting NFTs ever since Enjin was launched but, sadly there are not enough good marketplaces for NFTs (IMO). Opensea is good but selling NFT there takes a long time because of the low volume. Enjin marketplace is alright but, because of ETH the transaction price is huge.

So far, I didn't use RARI.

Volume will probably change as NFT are getting traction and getting more popular. Some stay that it is the next defi.

[leea-1334]

I do get the idea and attraction of some NFTs but for me, these digital NFTs seem so terribly easy to make that I would think they should not be worth as much as they are now. I mean,,, make anything and some people paint and design to make NFTs pretty but if you think about it, anything is rare, but if you can make 1 million rare NFTs, what is the point? Can someone make me understand?

[naska21]

I do get the idea and attraction of some NFTs but for me, these digital NFTs seem so terribly easy to make that I would think they should not be worth as much as they are now. I mean,,, make anything and some people paint and design to make NFTs pretty but if you think about it, anything is rare, but if you can make 1 million rare NFTs, what is the point? Can someone make me understand?

Moneybags are not predictable. Do you  remember those CryptoKitties stories ( now two years old) when some instances of digital cats were sold for more than $100K? It proves  all those "1 million rare NFTs" can be sold eventually. I don't say for $100K each but if each item sold for at least $1 someone who minted them will get $1 M into his pocket, money from the air, I would say.  Sometimes I play games on steam and get digital items  as the reward. They are not really NFT because they are not rare, but even those identical items can be sold,  because there is  a demand  on steam market.