NFTs (non-fungible tokens) are utilized for creating digital replicas of unique objects, such as works of art, paintings, photographs, videos – anything that possesses distinctiveness.
They are highly valued by collectors, art enthusiasts, and aficionados of contemporary creative movements.
The creation and sale of NFTs occur on specialized marketplaces, either at fixed prices or through auctions. These NFT markets include both niche platforms and more selective general marketplaces, depending on the circumstances. Below are some of the most well-known NFT trading platforms available online.
• OpenSea: The largest NFT exchange platform globally and the biggest consumer of Ethereum gas fees. OpenSea allows users to buy and sell a wide variety of NFTs, particularly digital art.
• Binance: One of the largest exchanges in the world has recently launched its own NFT program dedicated to artistic tokens as well as gaming cards related to sports and gambling.
• Sorare: Specializes in football-themed NFTs.
• SuperRare: One of the most popular and widely used marketplaces for selling digital art as NFTs. It differentiates itself from competitors by considering collecting as a form of "social glue."
• Rarible: Features a token (RARI) that allows the most active creators and collectors on the platform to vote and participate in its governance.
• MakersPlace: An online auction platform specializing in crypto art.
• Nifty Gateway: A curated platform dedicated to electronic online auctions of non-fungible artistic tokens.
Thus, the first step in investing in NFTs is to create an electronic wallet for accredited cryptocurrencies. Following that, one can choose the ideal NFT platform for their goals and connect their digital wallet containing virtual currencies.
Furthermore, with the emergence of play-to-earn features, it is now possible to earn cryptocurrencies through actions within favorite online games that can then be spent on NFTs.
Top NFTs Related to Crypto Games
In the realm of crypto games, some of the top NFTs currently available can be found on the following platforms:
1. Decentraland, a gaming infrastructure characterized by LAND tokens, which can be used to purchase NFTs.
2. Axie Infinity — a virtual pet universe that allows users to earn money by playing and selling land and items in exchange for cryptocurrencies.
3. Gods Unchained, a game specifically designed to distribute elements of NFT trading cards.
Top NFTs Related to Crypto Art
In the cryptocurrency field, the best NFTs currently available are found on:
1. Art Blocks, an electronic store generating encrypted artworks in the form of images or interactive experiences upon customer request.
2. Hashmask, a digital collection of art galleries featuring thousands of unique portraits.
3. CryptoPunk, an exclusive collection of rare characters, including bandits and zombies.
Investing in NFTs: Is It Worth It? Future Predictions
The risk of a bubble is not far off; however, considering all the advantages listed above, investments in NFTs seem to be justified for the future, thanks to continuous technological advancements. Nevertheless, investing in NFTs requires a passion for rare or trendy works, or knowledge on how to leverage them for profit. Additionally, one must navigate the expenses and fees associated with NFT platforms for account creation, token purchases, cryptocurrency conversions, and more.
