Category: 3. What is an NFT Marketplace?

The emergence of NFT marketplaces is changing the notion of online economy and transactions by providing a more secure, effective, and independent way for selling, purchasing, or minting NFTs. Key benefits of NFT marketplaces are linked to a higher degree of security and transparency due to the fact that they are built on blockchain technology.…

NFTs are taking the crypto market by storm, yet it may be hard to decide where to browse, sell and buy these digital items. Since NFT marketplaces are gateways for trading virtual goods, many people search for a decent NFT marketplace guide to help them make a decision on where to trade, for instance, digital…

To illustrate the market power of NFTs, here is a short list of best-selling NFTs in the digital world so far according to their purchasing value:  Everyday: The First 5000 Days  A piece of digital art known as Everyday: The First 5000 Days is created by Mike Winkelmann aka Beeple. The artwork that refers to…

The definition of an NFT may sound a bit unclear since basically anything can be an NFT. The technical side of non-fungible tokens allows them to spread to many divergent sectors.   Some of the most popular types of NFTs popular currently are:  1. Art  Art is the most popular type of NFTs at the moment. Due to…

Currently, the most dominant blockchain by choice for NFTs is Ethereum. Blockchain technology has positioned itself as the next phase of a decentralized internet, permitting the execution of computer code and storing of value. Due to the ability to execute the computer code, Ethereum can be used to make safe transactions, trade cryptocurrencies, buy, sell,…

NFT marketplaces work like any other online marketplaces with the distinction that only NFTs are being traded there. Non-fungible tokens can be sold or bought at predetermined prices or through platform auctions. On the side of a client, they work just like ordinary online marketplaces, asking the customer to register and create a digital wallet.…

With the popularity of non-fungible tokens (NFTs) yet to cease despite an obvious downturn in the crypto markets that are also affecting NFTs, one of the first questions an interested person might ask is: how do I get my hands on an NFT? While there are several ways to acquire an NFT, the easiest way,…