7 Things You Should Know About NFTs
NFTs are tokenized, collectible items valued for their uniqueness and rarity, popular on Binance Smart Chain (BSC) and Ethereum. The value of NFTs relies on their authenticity and scarcity, so it can be helpful to take a closer look at the token on a blockchain explorer.
What Are CryptoPunks?
CryptoPunks are collectible pieces of crypto art, represented by NFTs on the Ethereum blockchain. There are 10,000 small, 8-bit-style punks, all with unique features. As one of the first famous NFT projects, they inspired a lot of crypto artists and even the development of the ERC-721 token standard for digital collectibles. The project became more […]
Top 7 NFT Use Cases
Massive interest in non-fungible tokens has led to a boom in crypto-collectibles and NFT art. These are two of the most prominent use cases in the DeFi ecosystem, but they aren’t the only applications. Scarcity and uniqueness make non-fungible tokens a good match for real-world assets, logistics, music royalties, and more.
Custodial vs. Non-Custodial NFTs: What’s the Difference?
As the DeFi ecosystem grows, NFTs are becoming increasingly popular. When trading or holding NFTs or other crypto assets, there’s a choice between using either custodial services or non-custodial services. A custodial service owns the private key to your wallet and holds your assets in custody.
What Are NFT Games and How Do They Work?
NFT games have become popular in the Game-fi world as a way to earn income. You can sell your in-game NFTs to other collectors and players and even earn tokens with play-to-earn models.
What Are NFT Mystery Boxes and How Do They Work?
NFT mystery boxes can be purchased from NFT marketplaces like the Binance NFT Marketplace. You can open the mystery box whenever you want or try to sell it without opening for a profit.
What Is NFT Staking and How Does It Work?
NFT staking is a new way to earn passive income in the crypto world. It lets NFT holders lock their assets in DeFi platforms to receive rewards. All without the need to sell their NFT collections.
What Is NFT Virtual Land in the Metaverse?
Decentraland, The Sandbox, and Axie Infinity. NFTs are suited to representing land ownership as each one is unique and easily proves digital ownership. You can use NFT land for advertising, socializing, gaming, and work, among other use cases.
What Is GameFi and How Does It Work?
GameFi refers to play-to-earn blockchain games that offer economic incentives to players. Typically, players can earn cryptocurrency and NFT rewards by completing tasks, battling other players, and progressing through the different game levels.
The 10 Most Expensive NFTs Ever Sold
In this article, we’ll take a look at some of the most expensive NFTs sold to date, such as Beeple’s Everydays: The First 5000 Days ($69.3 million) and a bunch of CryptoPunks that dominated the list with ultra-high price tags.