How to make your first money in pictures. FAQ for beginnersLet's start with the basics. NFT (non-fungible tokens) is a non-fungible token. Each of the NFTs is unique and exists in a single copy, it cannot be divided, and all information about its author, buyer and all transactions with it is securely stored in the blockchain. In other words, an NFT is a digital certificate attached to a unique entity.
What can you buy as NFT?
NFTs can be anything, but I buy NFTs that are used as avatars. Now they launch several collections a day, and every few days something shoots and increases in price by 5-10-20 times. For example, they bought NFT for $ 100, and after 2 days they sold for $ 600
Where to buy NFT?10 Top NFT Marketplaces
1.
Opensea.ioOpenSea is the leader in NFT sales. OpenSea has all sorts of digital assets available on its platform, and it's free to sign up and browse the extensive offerings. It also supports artists and creators and has an easy-to-use process if you want to create your own NFT (known as "minting").
The marketplace supports more than 150 different payment tokens, so the platform's name is appropriate. For an introduction to the NFT world, OpenSea is a great place to start.
2.
marketplace.axieinfinity.comAxie Marketplace is the online shop for the video game Axie Infinity. Axies are mythical creatures that can be bought and trained and then pitted against other players' Axies to earn rewards. On Axie Marketplace, players can buy new Axies, as well as entire lands and other items, as NFTs for use within the game.
Axie Infinity tokens (called Axie Shards) are built on the Ethereum blockchain. As such, they can be bought and sold on a variety of other NFT marketplaces, as well as on some cryptocurrency exchanges such as Coinbase Global (NASDAQ:COIN).
3.
larvalabs.com/cryptopunksLarva Labs is best known for the viral CryptoPunks NFT project. They were originally given away for free back in 2017, but some CryptoPunks have sold for millions of dollars since then. Larva Labs has other digital art projects going such as Autoglyphs, as well as other Ethereum blockchain-based app development projects.
Larva Labs' CryptoPunks NFTs are sold out, but they can be bid on and bought from various third-party marketplaces. Nevertheless, Larva Labs' various projects are worth keeping tabs on -- including the Meebits, which can be bid on directly from the company's built-in marketplace.
4.
nbatopshot.com/marketplaceNBA Top Shot is the National Basketball Association and Women's National Basketball Association's foray into the NFT world. On its marketplace, collectible moments (video clips and play highlights) and art can be purchased from the world's premier basketball leagues.
The NBA built it as a closed marketplace (you can only buy and sell on Top Shot) using the Flow blockchain built by Dapper Labs. It's easy to sign up and buy directly on the Top Shot marketplace website. Collectible moments can be purchased for as little as a few dollars.
5.
rarible.comRarible is another large marketplace for all sorts of NFTs, similar to OpenSea. All kinds of art, videos, collectibles, and music can be bought, sold, or created on the platform. However, unlike OpenSea, you'll need to use the marketplace's own token Rarible (CRYPTO:RARI) to buy and sell on the marketplace. Rarible is built on the Ethereum blockchain (although artwork can be managed on OpenSea as well using Rarible tokens).
The company has partnered with some notable companies. Yum! Brands' (NYSE:YUM) Taco Bell has listed art on Rarible, and cloud software giant Adobe (NASDAQ:ADBE) recently partnered with Rarible to help secure NFT artists' and creators' work.
6.
superrare.com Similar to Rarible, SuperRare is also building a marketplace for digital creators. The site includes art, videos, and 3D images, but collectors can purchase artwork using Ethereum.
SuperRare recently announced its own token of the same name based on the Ethereum blockchain. The tokens will be used to find and curate new talent for the marketplace. Like Rarible, SuperRare NFTs can also be bought and sold on OpenSea.
7.
foundation.appFoundation.app was designed as a simple, no-frills way to bid on digital art. Sales are made using Ethereum. Since the marketplace's launch in early 2021, it has sold more than $100 million of NFTs.
Artists are invited to the platform by the Foundation community, and buyers simply need a crypto wallet funded with Ethereum to start making purchases. If you're looking for a quick and easy way to start creating your own NFTs, Foundation probably isn't the best place to begin, but the marketplace has plenty of artwork that can be perused in a simple format.
8.
niftygateway.comNifty Gateway has facilitated the sale of some of the most popular digital artists such as Beeple and singer/musician Grimes. It's an art curation platform powered by the crypto exchange Gemini (controlled by the Winklevoss twins). The NFTs, known as Nifties, are built on Ethereum.
Besides being a curated platform, Nifty Gateway also hosts any NFTs purchased -- meaning the NFTs aren't stored in your own wallet but are actually stored for you by Nifty Gateway and Gemini. While that may not work for NFT collectors who want more flexibility with their art investments, Nifty purchases and sales also can be made in fiat currency (e.g., U.S. dollars) without making a cryptocurrency purchase first.
9.
mintable.appMintable, backed by billionaire Mark Cuban, aims to be an open marketplace similar to OpenSea. To participate in buying and selling NFTs on Mintable, you'll need Ethereum. The platform also supports minting of NFTs for creators of all types (from photographers to musicians) who want to sell their work as a digital asset.
An aspiring NFT collector or creator will need to purchase Ethereum from a crypto exchange first, then connect their wallet to Mintable to facilitate bidding and buying on the marketplace.
10.
thetadrop.comTheta is a blockchain platform built for the decentralized distribution of video and TV on the internet. The NFT marketplace Theta Drop made its debut in 2021 with the World Poker Tour's digital collectibles. The World Poker Tour was an early adopter of ThetaTV and uses the platform to stream content.
Theta utilizes its own blockchain technology. To participate in the Theta Drop NFT marketplace, you'll need to purchase Theta Token (CRYPTO:THETA). Various crypto exchanges such as Binance support Theta, and the tokens and NFTs purchased with them can be stored in a crypto wallet, as well as in Theta's own crypto wallet app.
Importance of using an NFT walletAn NFT wallet doesn't work like a physical wallet. You don't actually store NFTs or cryptocurrency in your wallet.
Instead, it provides access to the assets, which are held on the blockchain. It does so by providing a private key to that address, which allows the wallet owner to authorize transactions. If you have the private key, you effectively own anything at that address.
A wallet will take care of all the technical bits for you and provide a nice user interface for buying, selling, and transferring NFTs or cryptocurrency. Moreover, it can also provide increased security with two-factor authentication, and it provides a convenient way to track your assets across devices.
What to look for when choosing an NFT walletThe most important features to look for when it comes to choosing an NFT wallet include:>Compatibility with the NFT marketplaces you want to buy from. If it's not supported, you won't be able to buy the NFTs you want, so it's a non-starter.
>Strong security. NFTs can be worth thousands or even millions of dollars. You want something as secure as possible.
>Easy-to-understand user interface. A good user interface will make buying and selling NFTs a breeze.
>Cross-device use. Being able to access your NFTs on both a desktop and a mobile device can come in handy.
>Multichain support. While most NFTs are on the Ethereum blockchain, several other platforms also support NFTs. You'll want a wallet compatible with as many chains as possible to give you easy access to as many NFTs as possible.
>Rendering of a token with the letters NFT printed on it.
MetamaskMetamask is one of the most popular cryptocurrency wallets. Its browser extension provides easy access to web3 sites such as NFT marketplaces with just a couple of clicks. Metamask also makes it easy to set up multiple addresses so you can hold your NFTs at an address that's separate from your cryptocurrency, or you can set up a single address for each NFT you purchase.
ConsenSys, the company behind Metamask, built a mobile application in 2020. Holdings sync flawlessly across the desktop and mobile versions of the wallet. The mobile application also includes a built-in browser for decentralized applications, or dApps, and NFT marketplaces.
If you need to swap currencies to buy an NFT, Metamask has a built-in swap feature. You can also limit how much you pay in gas fees, though there's the risk of a transaction failing. If you need to use a different blockchain, Metamask offers support for alternative platforms.
Math WalletMath Wallet offers a strong alternative to Metamask. Its biggest differentiator is that it supports more than 70 blockchains. It offers a web, desktop, and mobile version of the wallet that sync across devices, and it has integrations with several hardware wallets as well. Math Wallet will also let you create multiple addresses.
Math Wallet has a dApp browser built in that enables users to view NFT marketplaces. It includes several other features for cryptocurrency holders -- staking, swapping, etc. -- and it also offers its own utility token.
AlphaWalletAlphaWallet is an open-source cryptocurrency wallet. While it has a few limitations -- it's mobile-only and Ethereum-only -- its native support for blockchain games and NFTs makes it stand out.
The simple user interface makes it very easy for beginners to understand. There's a whole section of the wallet dedicated to NFTs and gaming tokens. It also allows users to add meta tags to their tokens so they can easily search and filter them when browsing their collection.
AlphaWallet works directly with OpenSea, CryptoKitties, Dragonereum, and ChainZ Arena, among other NFT marketplaces and blockchain games. Like others, it has a built-in dApp browser to find more NFT marketplaces and direct access to DeFi applications such as Compound.
Trust WalletTrust Wallet is a popular mobile-only wallet owned by Binance. While it supports multiple blockchains, including Ethereum, its association with Binance means that it's heavily biased toward smart chain tokens. That said, if you're interested in NFTs on the Binance smart chain, Trust Wallet may be the best option for you since it's already set up for BEP tokens.
Like other wallets, Trust Wallet includes a dApp browser to find NFT marketplaces, which makes buying NFTs within the wallet easy. It also includes a built-in exchange feature that allows users to easily swap currencies so they have the necessary token to exchange for the NFTs they want to buy.
Coinbase WalletMany people know Coinbase (NASDAQ:COIN) for its cryptocurrency exchange. It also offers a non-custodial wallet suitable for holding NFTs and other tokens. Unlike holding cryptocurrency on Coinbase's exchange, holding assets in the Coinbase Wallet gives the user full control over their crypto.
Coinbase released a browser extension in 2021, making it easier for users to use their wallet across devices to purchase NFTs and use other dApps. Users can also access dApps through the built-in browser in the mobile wallet.
One unique advantage of Coinbase Wallet is the ease of transferring tokens to others by using usernames instead of public wallet addresses. It can make transactions feel more personal and provide a greater sense of security knowing that you're sending assets to the right person.
Coinbase also offers a one-click cloud backup for your private keys, storing them on your personal cloud drive. That can help ensure that you don't lose access to your NFTs or other funds held in the wallet.
Get started with NFTsOne of the best ways to learn more about investing in NFTs is to get started buying and selling them. Download and set up a wallet, browse some NFT marketplaces, transfer the necessary currency to your new wallet, and make your first purchase.
It's only with firsthand experience that you can learn what features are important to you in an NFT wallet, which marketplaces you like, which blockchains your favorite NFTs use, and how the world of digital collectibles works.
There are 2 strategies for making money on NFT.
The first is to buy either during the sale or on the secondary market and wait for the collection to cost more.
The second is to buy during a drop and sell immediately if the price is higher than the initial cost.
But not all collections go to the moon, which is why it is necessary to determine the collections that will definitely shoot. And how to do this - we will tell you further.
Will post below interesting collections to watch.
