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NFT
NFT is an abbreviation for Non-Fungible Token. Unlike most cryptocurrencies, which are fungible, NFT’s defining characteristic is that they cannot be divided or split into multiple parts. NFTs can represent many things on the blockchain, such as digital art, music, memberships, real estate deeds, and more.
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Where To Buy NFT's
WHERE TO BUY NFTS 2022
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AsyncArt
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Axie Marketplace
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Crypto.com
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Decentraland
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Foundation
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KnownOrigin
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LooksRare
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Magic Eden
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Mintable
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NBA Top Shot
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Nifty Gateway
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OpenSea
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Rarible
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Sorare
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SuperRare
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The Sandbox
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ThetaDrop
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Valuables
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Venly
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Zora
How To Buy NFT's
Buying NFT's
To buy and sell NFTs, these actions must be performed through NFT marketplaces and usually require cryptocurrency. NFT marketplaces are online platforms for everything involving the sale of NFTs, and are powered directly on blockchain technology to verify the ownership of purchases.
USING The NFT Marketplace
To use NFT marketplaces, you first need to establish a digital wallet to store your cryptocurrency.
Digital wallets can be established through platforms like Gemini, Metamask, Binance and Coinbase. Once established, you can then link this wallet to the marketplace account where you plan to buy NFTs.
Today, most NFTs are purchased with ether (ETH), the native currency of the Ethereum network, which can be converted from U.S. dollars on exchanges like Binance, Coinbase, Kraken and Gemini.
Unlike bitcoin, which functions mainly as a payment network and cryptocurrency, blockchain networks such as Ethereum and Solana let users build apps that can store personal data and set rules for complex financial transactions.
These are called smart contracts, which are digital contracts stored on a blockchain that are automatically executed when certain conditions are met, like when an NFT transfers ownership and the original artist receives royalties.
NFTs are often sold through an auction system where you will put in a bid for the NFT. Some sites like OpenSea offer an option to buy the NFT now for a set price.
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Exploring Your NFT Blockchain Options
Ethereum is by far the most popular system for buying, selling and creating unique, digital items. There is, however, a growing list of competitors that have also entered the market, including the following:
Some of these blockchain systems are interoperable. For example, you can buy Ethereum-based non-fungible tokens with Ethereum-based tokens (called ERC-20 tokens, which include USDT, USDC, BNB, DAI, etc).
Explore & Join the NFT Marketplace
Step by Step Guide
Sign Up
Signing up to an NFT marketplace can differ slightly from a website, but the main steps to follow involve
1. Creating an account
2. Connecting a supported Digital Wallet,
The "Getting Started" icon button for is typically located in the top right-hand corner of the NFT MarketPlace Home page.
When connecting your wallet, you will be asked to enter your wallet password to complete the process.
Purchasing an NFT(s)
NFT's are usually purchased directly for a fixed price or through an auction. In some cases, prospective buyers can submit offers to the owner and attempt to negotiate a better price.
Selling your NFT(s)
Selling unique digital assets can be a more technically complicated process than buying them, particularly if the user is attempting to sell something they have created themselves such as artwork, a soundtrack, land development, real estate, fashion, music and etc.
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You will need to upload the digital asset onto the marketplace
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Decide a price and Enter a Fixed Price or Opt to Sell the NFT via an auction.
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Next, the platform will verify the asset. If approved, it will be listed for sale.
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When the seller accepts a bid, the marketplace conducts the transfer from buyer to seller.
Here are a few of the popular universal and digital art-oriented NFT marketplaces currently available:
OpenSea: This is one of the most established universal NFT marketplaces. You can find non-fungible tokens representing ownership of a wide variety of things, including artwork, sports collectibles, virtual worlds, trading cards and domain names.
Rarible: This is an NFT marketplace that allows any member to create their own NFT on one of three blockchains: Ethereum, Tezos and Flow.
Nifty Gateway: – Nifty is one of the largest marketplaces for NFTs. Here you can buy artworks from well-known artists.
Nifty Gateway NFT marketplace also features niche digital items like virtual world avatars or digital fantasy football cards, while there is an ever-increasing number of platforms emerging in this corner of the market, there are five main platforms where a majority of NFT sales are made:
NBA Top Shot: An NFT marketplace built on Flow where people buy and sell digital collectible cards featuring videos of memorable NBA “moments.”
Axie Infinity: This platform hosts cartoon characters for the Axie Infinity game, where players breed, battle and trade digital pets called Axies. Some people even play it professionally for a living.
Sorare: Here you can buy virtual cards representing football players and use them for Sorare, which is a global fantasy football game.
Decentraland: This platform has its own in-house marketplace where users buy and sell virtual land or in-game items such as wearables.
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