Everything you need to know about NFTs tokens

[Debonaire217]

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?

They are yes, easy to make, but if someone will create a very good NFT concept like crypto kitties, then they are sure that the NFT will have a very good value. It is the same in physical world, people could always make an art but those artists who have built their reputation and have very good talent and skills already could sell their art in millions.

But what differs there is that these artwork can remain forever since its running on the ethereum blockchain. The disadvantage is, they couldn't have the physical item.

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[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.

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

Yea volume will have to increase like a lot if NFT wants to be the next DeFi of crypto. I think marketplaces are working on upgrades too, I logged into opensea tonight and, they have changed a lot since I last visited them.

[bakasabo]

Strange that no one so far mentioned, that not every Ethereum wallet supports NFT tokens.

For example Trust Wallet supports NFT, with MEW wallet you need to do few clicks/steps to make them appear in your token list. But, Atomic Wallet does not support ERC1155 NFT, they support only ERC20 tokens at the moment.

You might find more valuable info at http://erc721.org/

[cryptoaddictchie]

For example Trust Wallet supports NFT, with MEW wallet you need to do few clicks/steps to make them appear in your token list.

Hello, I bought pgfk during their sale and used my mew address. After paying of I received it on my wallet and can see it under etherscan as erc721.  I didnt do any steps just to make it visible. Maybe they already supported it. Cause I also checked on trustwallet my imported mew wallet and clickef the collectible and viewed there as well the nft I bought.

Seems no need to do some steps at all. Maybe if the bought ndt on marketplace like opensea or rarible, needes some step but on my case didnt do any complicated measures.

[shoreno]

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.

Yea volume will have to increase like a lot if NFT wants to be the next DeFi of crypto. I think marketplaces are working on upgrades too, I logged into opensea tonight and, they have changed a lot since I last visited them.

marketplace ? so this toks can be sold because at first i thought they arent like any other toks that can be sold because the op said they are fungible and tbh i didnt knew the meaning of this but sounds like tangible which means cant be eaten , lmfao .

 calling them next defi is unlikely because they said this was existed long time ago or when the time where enjin project created . i remember enjin and others before but their fame didnt last long  . the next defi is something that is new or havent produced yet till now .

[sedactoo+04]

I am really curious why there are no further discussions on the forum about NFTs or Crypto art, they seem to be the ICOs of the next bull run or maybe not, i really dont know , actually the NFT market is pumped already, in October it had a huge run, now it seems more stable.

[thesmallgod]

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

It is because people don't have knowledge of what they are and how they can explore them. It could have been better if the defi hype continue because that could make people to have more interest in it but since the DeFi seem to be another fail attempt to breakout due to high transaction fee as many of them are based on ethereum block chain. Unless there is a new revolution with another land breaking event that make people realized how important this NFT token are, it might not be explore. Project such as kingswap that also support NFT and has its NFT tokens might also make them more popular if they attain success

[Shallow]

You are quite right about NFT being very promising and might be the next direction for the development of most cryptocurrencies. NFT idea is a good and unique one but over time, it seems to be lagging behind maybe because there are yet to be a team willing to bring in good strategies that will turn things around or people are yet to understand its concept. Also, I think the NFT started picking up this year with the advent of DeFi because I noticed that most team are now working on it, hence the reason why most people believes that NFT will most likely be the next trend in the crypto space since Defi trend is already slowing down. However, just like DeFi projects and the ones before it, once the hype gets over to NFT it is important to invest wisely.

[shiming]

NFT token. I think that as a hot spot, there are still some conditions. NFT tokens are more biased towards practical applications. Unlike DIFI, which prefers finance, I think there is still a certain distance between the use of NFT tokens. 5G communication, information input. Still have to develop.

[wedosgibas]

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

This was surprising to me, so indeed crypto has entered the world of art, I think some expensive NFTs have their own uses such as mining, game, or crypto-related.

[chichidori]

You are quite right about NFT being very promising and might be the next direction for the development of most cryptocurrencies. NFT idea is a good and unique one but over time, it seems to be lagging behind maybe because there are yet to be a team willing to bring in good strategies that will turn things around or people are yet to understand its concept. Also, I think the NFT started picking up this year with the advent of DeFi because I noticed that most team are now working on it, hence the reason why most people believes that NFT will most likely be the next trend in the crypto space since Defi trend is already slowing down. However, just like DeFi projects and the ones before it, once the hype gets over to NFT it is important to invest wisely.

But its a bit complex traditional traders and are not tech savvy will likely to ignore it but the market is there and its getting big, it was known back 2016 but up until now too few knows about it even after the cryptokitties creation and many forks follows still it is being overshadowed by an erc20 easy to deploy token and not so many wallet support NFT.

[zasad@]

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

This was surprising to me, so indeed crypto has entered the world of art, I think some expensive NFTs have their own uses such as mining, game, or crypto-related.

This is just the beginning.
The Nine Most Innovative Crypto Artists of 2020
In 2020, crypto art based around non-fungible tokens has exploded. We've spoken to nine crypto artists working at the bleeding edge of NFTs.
https://decrypt.co/52447/the-nine-most-innovative-crypto-artists-of-2020
Try to imagine the prospects of this market in 10 years..

[casperBGD]

This is just the beginning.
The Nine Most Innovative Crypto Artists of 2020
In 2020, crypto art based around non-fungible tokens has exploded. We've spoken to nine crypto artists working at the bleeding edge of NFTs.
https://decrypt.co/52447/the-nine-most-innovative-crypto-artists-of-2020
Try to imagine the prospects of this market in 10 years..

did you check sorare.com, or NBA top-shot, they are both platforms for sport NFT's with strong growth last year, and Sorare platform has some amazing sales, like Unique Mbappe for 111+ ETH and similar
basically, Sorare is selling playing collectible cards, that can be used in their fantasy football competitions, with rewards in ETH and new cards two times a week (mid-week and weekend rounds)
NBA top shot is still in beta, but already selling top moments from NBA history and current season and lately had 25+k USD sale for one Legendary moment

there is a lot of upside potential for NFT's, but there is also a lot of useless NFT's that flooded the market, and probably will have no use in the future, but also some with value that will go up, but the market is already heated, and one should be careful with prices

[zasad@]

This is just the beginning.
The Nine Most Innovative Crypto Artists of 2020
In 2020, crypto art based around non-fungible tokens has exploded. We've spoken to nine crypto artists working at the bleeding edge of NFTs.
https://decrypt.co/52447/the-nine-most-innovative-crypto-artists-of-2020
Try to imagine the prospects of this market in 10 years..

did you check sorare.com, or NBA top-shot, they are both platforms for sport NFT's with strong growth last year, and Sorare platform has some amazing sales, like Unique Mbappe for 111+ ETH and similar
basically, Sorare is selling playing collectible cards, that can be used in their fantasy football competitions, with rewards in ETH and new cards two times a week (mid-week and weekend rounds)
NBA top shot is still in beta, but already selling top moments from NBA history and current season and lately had 25+k USD sale for one Legendary moment

there is a lot of upside potential for NFT's, but there is also a lot of useless NFT's that flooded the market, and probably will have no use in the future, but also some with value that will go up, but the market is already heated, and one should be careful with prices

To say the truth, no. But we should separate pictures and cards. The market is growing rapidly and there will be more services over time.

__
https://decrypt.co/54121/rick-morty-creator-is-selling-nft-artwork-on-ethereum

Rick & Morty Creator Is Selling NFT Artwork on Ethereum
The NFT market has boomed in the past year with a niche audience. And well-known creators are now jumping on the bandwagon.

[zasad@]

https://decrypt.co/56599/ahead-of-mayweather-fight-logan-paul-creates-ethereum-nfts

Ahead of Mayweather Fight, Logan Paul Creates Ethereum NFTs
"YouTuber Logan Paul will sell his own NFT-based artworks in addition to a vintage 1999 Pokémon card booster collection.

In brief
YouTuber Logan Paul will sell a series of NFT-based artworks as part of his Pokémon card booster auction.
A total of 36 booster packs and 44 NFTs will be sold, with a minimum bet of $10,000.
Paul will personally open each pack before sending them to winning bidders."

Already popular bloggers are starting to master NTF technology

[RobbyDama01]

As a beginner, I would like to thank you a lot for the information you provide in this Porum, so that I can find out what I should learn in the future.

[zasad@]

https://decrypt.co/56965/nba-top-shot-sells-2-6-million-in-nfts-in-30-minutes
"NBA Top Shot Sells $2.6 Million in NFTs in 30 Minutes
The NFT craze continues as investors line up to pump $2.6 million into the latest product of the CryptoKitties’ creators.
In brief
Dapper Labs’ NBA Top Shot blockchain collectibles had over 2,500 packs sold in a matter of minutes.
With each pack worth $999, investors spent $2.6 million.
A website glitch enabled some users to jump the queue and purchase NFTs."

[TopTort777]

Is there a place where I can sell (with high probability of selling) regular cards? Like binance nft cards, or the nft cards that can be easily obtained. I understand that the price will be rediculously low, but at least it will be sold.
Like cs:go cheap skins (that cost just few cents), they are useless, but still someone buys it. Because with nft, all I see that either something very-very rare is sold, either is a chance to sell all other thousand card.

[zasad@]

Selling NTF tokens is a very difficult business. Of course, the rarest specimens are very popular.

https://decrypt.co/57092/biggest-ever-nft-sale-made-as-single-axie-land-goes-for-1-5-million
Biggest Ever NFT Sale Made as 'Axie Land’ Goes for $1.5 Million
The cutesy blockchain game has seen a bump in popularity over the past year. And it can now boast of the most expensive NFT sale ever.

Nine plots of land on blockchain game Axie Infinity were sold for over 888 ETH (≈$1.5 million) yesterday, making them the most expensive non-fungible token (NFT) sale ever. The buyer was an anonymous entity known only as “Flying Falcon.”
https://twitter.com/AxieInfinity/status/1358919423763992576

[zasad@]

https://decrypt.co/57720/ethereum-nft-market-primed-for-explosive-growth-in-2021
Ethereum NFT Market Primed for Explosive Growth in 2021
From virtual land to digital art, a comprehensive, new study delves into the booming market for non-fungible tokens.
Adriana Hamacher
Feb 15, 2021