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The blockchain is everywhere: what do NFT and Web3 have in common?

We have been hearing  about the benefits of blockchain for years. An encryption and authentication technology that serves a lot. But it has not been until a couple of years ago that there has been an explosion of  projects based on blockchain development and that they intend to come to stay. First it was cryptocurrencies. Next came NFT assets . And now everyone is talking about the metaverse. Even  Facebook changed its name to  Meta . 

Blockchain is a word common in cryptocurrencies, NFTs and Web3, are the. We have talked long and hard about this technology. Known in English as  blockchain and as chain of blocks in Spanish, IBM defines it as "a shared and immutable  ledger   to  record  transactions, track assets and build trust." The definition follows with “virtually  anything of value  can be tracked and traded on a blockchain network, reducing risk and costs for everyone involved.”

In short, to exchange information securely Blockchain technology is a best option. This implies that this information is not corrupted or lost or altered. Or to return to the words of IBM: “It provides  immediate, shared and completely transparent data  stored in an unalterable distributed ledger to which only authorized members have access”

From blockchain to cryptocurrencies and NFTs

IBM says that  any asset can be part of the blockchain. Tangible assets (buildings, vehicles, cash, land...) and intangible assets (patents, copyrights, trademarks, intellectual property). Those assets are represented by data that, according to Wikipedia, can be  stored, transmitted, and confirmed. 

Precisely, thanks to the characteristics of the blockchain, they have made possible the creation of cryptocurrencies or cryptocurrencies The No one The blockchain aims to ensure that the information or data saved and exchanged is accurate, uncorrupted, and trustworthy. With virtual money, the same thing happens. wants a currency  that is easy to copy or counterfeit . Hence the  importance of cryptocurrencies . It is It's difficult to make them, and they're valuable in and of themselves.

And from there we go to NFT. Two sides of what the blockchain can do are Cryptocurrencies and NFTs. In the case of NFT, it is a  unique digital asset that cannot be divided or replicated. Y denotes a one-of-a-kind virtual item, regardless or not it has a real counterpart. While it is possible to produce similar cryptocurrencies, which is why they are used as currency, the NFT is unique, despite the fact that it represents the same real-world counterpart.

At a historical level, the first time that the blockchain of encrypted information is mentioned is in 1991. Since then, the blockchain has been introduced little by little in companies for the exchange of data and information in a secure way. But the big boom occurred in 2008 when  Bitcoin , the first major cryptocurrency, saw the light for the first time. Its creator is the Japanese  Satoshi Nakamoto, an alias whose real identity is yet to be known. In 2014,the development of  blockchain technology begins to be tested for financial transactions and the  Ethereum platform and algorithm is born .

Precisely, thanks to  Ethereum it is possible to create NFTs, what we know as non-fungible tokens.  Anything real or virtual can become an NFT, an original and unrepeatable copy that has value in itself such as Music, video, paintings, cartoons, trading cards, GIF animations... And one of the keys that has made possible the generation of other projects related to blockchains, such as blockchain games or  cryptogames  and the metaverse.

Blockchain games are video games that  employ NFT items or virtual tokens . They can be utilised to obtain game assets or act as game assets themselves, such as weapons, armour, powers, extra lives, virtual properties, and so on. These assets can be traded.. And on the other hand, by the mere fact of playing, players can  obtain prizes or tokens that can be  exchanged for real currency, usually in the form of cryptocurrencies.

The metaverse is also nourished by cryptocurrencies and NFTs, since these three-dimensional virtual worlds use all kinds of  digital elements and assets . Anything virtual, as we've seen, is likely to become an NFT.

From blockchain to Web3

Web3 is the most recent project related to the chain of blocks or blockchain. And, in turn, it is closely linked to the world of cryptocurrencies and NFTs. To begin with, to access Web3, instead of using an email you will use a   virtual wallet or wallet. It's the same one that's utilised to acquire and sell cryptographic digital assets nowadays. This has an unavoidable commercial component, but on the other hand, its defenders emphasize its security and privacy.

Whereas today you identify yourself with your personal details or an easily traceable email address, on Web3 we will be an anonymous alphanumeric code. This will give us more privacy and prevent us from being traceable or that online companies and services can collect information about us. It will continue to be possible but maintain our anonymity.

The New York Times  credits Packy McCormick with making the concept of Web3 "fashionable." This defines it as "an internet that is owned by developers and users, coordinated with tokens." Precisely, a characteristic of Web3 is its  decentralisation. The Internet was designed as a decentralised network of networks, meaning that even if a few nodes went down, the network would continue to function. But over the years, large companies have taken over this Internet and today there are small "hecatombs" every time the servers of Microsoft, Google, Apple  or  Meta  (formerly Facebook) go down.

In Web3 we will see  services similar  to those we already know. Social networks, video games... But with its own characteristics, such as decentralization and anonymity. Or the possibility of obtaining cryptographic tokens and/or trading with NFTs. What opens the doors to  companies from all over the world  to take part in a market until now limited to the big ones.

Although at the moment there is more theory than practice, what we do know about Web3 is that it will be based on the blockchain and on platforms such as  Ethereum  to facilitate the exchange of NFTs, tokens and cryptocurrencies. Precisely, on Web3 you can pay through  Ethereum , among other cryptocurrencies accepted on the NFTs and  cryptos platforms .

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Metaverse and blockchain, what is their relationship?

The science fiction that we see in the movies is no longer so far away, a buzzword, where the virtual reality and augmented reality metaverse interact, but also that territory that generates a lot of money, particularly with the speculation of virtual reality currencies.

What is the metaverse?

It is like a virtual 3D space where we can access and interact online in virtual reality and augmented reality.

The metaverse has a particular union; is an imprecise term that represents virtual worlds in which people, in the form of avatars, can play games, socialize and trade.

With the metaverse we can carry out the same activities that we do in real life, play, dance, work, buy, sell; In short, an infinity opens up with Blockchain and cryptocurrencies.

That the phenomena that the explosion of the cryptocurrency market that we have experienced in recent years, as well as the tweets and the sale of a pixel for more than 1000 dollars, will have in common, without a doubt, would be human greed, well yes, although others would think on the blockchain.

What is the blockchain?

A concept that connects directly with a branch of the informant is a fascinating exciting technology called as Blockchain. Therefore, we must know what decentralized systems are.

It is essential to know them because this idea is supported by many technologies such as cryptocurrencies, NFTs, smart contracts and even artificial intelligence.

The blockchain world gives us new possibilities. By creating and enriching Avatar's digital identity and digital assets, Blockchain has formed an independent virtual world. It is not entirely a mapping of the real world.

Now, how are they related?

Generating interest, driving your long-term vision, and of course, doing business is a metaverse concept. The metaverse is a concept that needs to unify and connect various services and technology.

This is why the metaverse must be decentralized. I think that decentralization and the use of Blockchain will be a natural step because the interest skyrocketed before the mission statement regarding Facebook.

Blockchain is the basis of a possible decentralization, which leads to the elimination of intermediaries to carry out the management of the authentication or the validation of processes in a very safe and precise way.

They are distributed in different nodes that are the users. Experts have claimed that cryptocurrency technology will be at the center of the metaverse. It will allow people to safely own digital objects in different virtual worlds.

Recently, crypto-focused game metaverses like Axie Infinity and The Sandbox have attracted users.

The blockchain metaverse is powered by NFTs or non-fungible tokens. It comes from unique assets or in digital form of physical or digital support. It is equivalent to a digital certificate; allows you to buy and sell it in the real world. This is the case of the OVR metaverse. 

According to Goldman Sachs, they ensure that metaverses must be based on Blockchain development.

They are adding virtual reality, video games, social media, cryptocurrency elements, NFT blockchain games.

Metaverses will become part of Web 3.0, an era where real-world businesses reveal themselves to the digital space and users express the versatility of these environments.

Conclusions

The relationship between metaverse and cryptocurrency has time. It is presented as a space to work, collaborate and socialize. Soon we will see virtual stores. Metaverse is a business.

Although it seems complicated to explain, it is even more so when we see how this virtual reality enters our homes and positions itself as a collaborative tool in the activities of household members.

Cryptocurrencies are digital currencies whose exchange axis is the blockchain platform development. The different Exchanges that have emerged to carry out these financial operations is why it is fully related to this new invention called the metaverse.

Consequently, it will only be possible to be part of it if digital technologies and tools are handled, allowing the benefit of thousands of users who currently have cryptocurrency or cryptoactive trading as their main income.

The metaverse is new, exciting, and filled with many opportunities. You can meet new people, build your assets, and monetize your creations like never before. Welcome to the future. Welcome to the metaverse.

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What are NFTs and why are some so valuable?

Physical collectiblesDigital collectibles

As if cryptocurrencies weren't confusing enough, non-fungible tokens ( NFTs ) are another blockchain-native asset class that gets people spinning.

While only a fifth of American adults is actually familiar with NFTs, their staggering growth deserves worldwide fame. OpenSea, a popular NFT marketplace, had a trading volume of over $1 billion during the month of August. Additionally, the entire space was amassed $500 million in daily trading volume at the time.

Most notable are the prices that people pay for some of these digital items. A simple and insignificant rock NFT sold for 45 ETH this summer, worth around $134,240 at the time. Even more impressive, a rare “crypto punk” alien NFT sold for 605 ETH ($762,000) in January. This too was nothing more than an algorithmically generated work of art.

So what exactly are NFTs? More importantly, why are some people willing to pay astronomical prices to buy them?

What are non-fungible tokens (NFTs)?

To clarify, an object is "fungible" when it can be easily replaced by an identical one. This can also be called "mutual interchangeability".

Therefore, a non-fungible token is a completely unique digital token that cannot be replicated. Like cryptocurrencies, these tokens take advantage of distributed blockchain networks and consensus mechanisms to ensure fair play. Thousands of computers regularly and independently verify network transactions to ensure that no one is fraudulent or copied.

For a cryptocurrency like bitcoin, this means ensuring the currency's legitimacy by creating an artificial and guaranteed monetary scarcity. But what if the same technology could be used to generate rare digital items as well as money?

NFT development is one of the first alternative use cases for blockchains yet to be discovered. Using development-friendly blockchains like Ethereum and Cardano, people can mint tokens with various forms of data put into them. These can include music, videos, gifs, and most often digital artwork.

The aforementioned NFT rock is an example of this. To be exact, that NFT was simply ETHRock #21, part of a whole collection of other similar-looking jpeg files. These jpegs were minted on the Ethereum blockchain as an ERC20 token, creating a new NFT “art”.

What are NFTs used for?

In reality, there is often little interesting to say about even the most valuable NFTs to date. First, most people create NFT collections using AI software to generate thousands of images with only slight visual variations. Therefore, the personal and "artistic" element of this "art" is largely lost.

Second, they don't really have "real" use cases. The Ether Rock collection is also his website admits that his NFTs are really useless:

"These virtual rocks have NO PURPOSE other than being bought and sold and give you a strong sense of pride for owning 1 of only 100 rocks in the game :)" - EtherRock.com

In fact, there is only one difference between “NFT art” and a jpeg image found online: certified scarcity. Although each image itself is replicable, the blockchain metadata for the tokens these images are linked to is No. Therefore, by using the public Ethereum blockchain, people can verify officiality and authenticity. owners of these images.

With that, a new innovative concept was created, which has now transformed into a huge emerging industry: digital collectibles.

Sale of non-fungible tokens

Sometimes the scarcity of an item alone is reason enough to appreciate it. In fact, NFTs don't need real use cases to allow people to pay Millions of dollars to get them.

This is a well-established fact in the world of physical collectibles and fine art. A Saudi royal family bought Leonardo Da Vinci's painting Salvator Mundi for $450 million in May 2017. One of the jerseys of Babe Ruth, an American baseball icon, sold for $5.64 million at a 2019 American auction. Logan Paul also bought a first edition Pokemon card for $150k in July 2020.

What makes each of these items valuable is not their usefulness, but their combined irreplaceable and cultural importance. Throw in some speculation on crude oil prices (which is always common in cryptocurrencies) and NFTs have the ability to see unfathomable valuations.

This is not a simple theory: celebrities, brands, and athletes seem to be the first groups to exploit the NFT boom. Soccer legend Lionel Messi launched his NFT collection in August, featuring illustrations of himself. Additionally, the National Basketball Association has a dedicated NFT marketplace for exclusive and iconic NBA moments recorded as short videos. Other sports organizations, including track and soccer teams, also participated. As the sport has always been a space for collectibles and memorabilia, NFTs go well with the industry.

Recently, Madonna's talent manager also signed a preset NFT collection called "The Bored Ape Yacht Club." Bored Ape's NFTs sold for millions of dollars in 2021, but the manager wants to bring them to a broader sphere, likely using celebrity endorsements.

Art galleries are also taking advantage of this. The State Hermitage Museum began selling NFT versions of famous physical artworks they owned on Binance in August. His offerings started at $10,000 and included works by Da Vinci and Van Goh.

In general, famous cultural figures and institutions are using their influence to create subjectively valuable memorabilia, but in digitized form. With this, the development of NFTs opens up new possibilities for the world of art, music, and collecting.

Conclusion:

NFTs use blockchain technology to create scarce and verifiable digital items. This does not make them more effective or useful in the real world than any other image or data file. However, it does add an element of authenticity to objects in the virtual world. Through this, invaluable cultural value can be assigned to very specific tokens, increasing their price astronomically.

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How are NFTs used in music?

First of all, rapper Booba recently managed to sell 25,000 copies of the “TN” clip in the form of Non-Fungible Token (NFT). Yes, we can say it, the entire cultural sector has been turned upside down with the appearance of NFTs and it is not going to stop. In fact, NFTs are being used more and more around the world, as big names in the industry such as Eminem or The Weeknd are turning to this novelty. If you are new to NFTs, you are probably wondering what they are for. Will this new revolution have an impact on the art world? How to exploit it in music?

What is an NFT?

What does the term NFT mean? It is an abbreviation for “Non-Funglible Token”. In a nutshell, it can be translated as “non-fungible token”. In practice, an NFT makes it possible to obtain a Certificate of Authenticity which can take the form of a digital file. That's why each NFT is unique, it's like buying a limited edition. Therefore, each file is unique and depending on the notoriety of the product, it acquires greater or lesser value.

Regarding the technology it uses, you must also have heard of it at least once in your life. It is based on blockchain , the same technology used in cryptocurrencies. Born in the 90s, this technology is intended to ensure the security of transactions. So what good is it in music?

How are NFTs used in music?

Artists waste no time and they are absolutely right. A large number of artists and organizations have already used NFT to promote their music. Wiseband has found some examples for you:

In November 2021, single-issue house and techno masterpieces will be auctioned at Pianity , all through an auction system.

In February 2021, it was Linkin Park group member “Mike Shinoda” who put his Zora project up for sale as an available auction on a platform as part of the NFT purchase.

Famous Australian singer Sia will launch an NFT collection in December 2021 at Opensea in association with Sam Bankman-Fried's FTX. Sia chose FTX because of her philosophy, but remains platform independent.

The impact of NFTs on the music industry

In summary, we have seen that the development of NFTs can be used in different ways by those working in the music industry. Now, I know you have a question on your mind: how to profit from NFTs in the long run? But also, what method could you use to sell your music thanks to NFTs?

With NFTs, a completely new system is created. In fact, we are totally reinventing the way we sell our creations in the digital world. Especially on standard streaming platforms like Deezer or physical media like CDs.

This is now possible with NFT, thanks to completely innovative technology. In addition, virtual reality is the link with NFTs and now allows you to live an immersive experience. For example, Nextech plans to launch an augmented reality NFT creation program. As a result, NFTs provide an infinite number of options.

The NFT system works like a traditional market. That is, it is governed by supply and demand, just like any other market. A person buys an NFT because he believes in a musical project. Perhaps because he is a fan of a song or simply because he sees this project as a real investment. What makes sense is that the more notoriety you gain, the more valuable your NFTs will be.

From now on, NFT development wants to be the number 1 platform for all music creators. This is because it allows you to receive royalties for each transaction.

For example, imagine if you release your new single through a fully exclusive NFT release. You decide to sell the remaining 100 copies for 1 euro each. Then 10 years later, you become an international star and your song, which had sold 100 copies, has become your most famous song.

The famous piece that you sold for 1 euro is now over 3,000 euros on Ebay. Therefore, you will earn 10% commission on the Ebay sale . It's not beautiful?

Ultimately, this is the strength of NFT development. With products like vinyl or CDs, you cannot earn a commission over time. Whereas with NFT, you can add a program that allows you to earn money on each sale. You still have to find the right NFT market.

NFT Markets

There is a specific platform for each area of culture. More commonly known as the NFT “markets”. Here, we are going to focus on music markets. So what is an NFT market?

An NFT music marketplace allows artists to turn their singles into limited editions and sell them directly to their fans. This platform is primarily aimed at music fans and you do not need to be familiar with cryptocurrencies to use the platform.

The NFTs available in the market can be purchased by credit card. You don't even have to create a crypto wallet to use NFT markets.

Every day, new NFT platforms specialized in music are launched around the world, such as Pianity. Its peculiarity is that the NFTs that they offer for sale do not give any rights to the purchased song. The reason is simple: favor artists as much as possible and ensure that they are paid better without giving anything more in return.

Therefore, the goal of the marketplaces is to allow everyone to listen to ad-free music for free. Regardless, it also helps provide a source of income for artists through NFT sales, in addition to the digital distribution Wiseband offers .

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The intersection of e-commerce and NFTs: how NFT technology is changing DeFi

DeFi and fintech startups are putting financial tools in the hands of the average person. NFT technology takes this a step further by offering trustless transparency and programmable data.

Markets evolved for good reason. It's much easier for customers to visit a single location to find everything they need than to search across town. Most people rely on the convenience of places like Walmart or Target even though Mom-and-pop or boutique stores can be a refreshing change of pace. 

Centralized markets are not new. Crowded bazaars existed long before the Internet. Marketers have always been better off following customers rather than expecting them to follow them, even if it means paying a small fee for the privilege of showing off their wares to the widest audience gathered by the marketplace.

Market coordinators need funds to pay for their accommodation and their time. Ancillary services are provided by many markets to help attract more customers, such as decorations, currency exchange, entertainment, etc. Unfortunately, the vastness of the Internet has caused these core markets to accumulate an imbalance of wealth and resources. This imbalance gives them the power to charge unreasonable rates for your accommodation. They also have the freedom to choose which sellers can participate in their marketplace, the flow of customer traffic, and how products are displayed.

DeFi (decentralized finance) technology enables the inherent convenience of centralized markets without allowing wealth and governance authority to accumulate in one person's wallet. Essentially, DeFi is enabled by the blockchain, which allows permissionless peer-to-peer transactions. This cuts out middlemen like banks and other large financial institutions. It reduces costs and technical barriers for entrepreneurs and individuals. Fees, documentation, and legal jurisdictions prevent many people around the world from accessing the financial tools they need to be successful. DeFi platforms avoid the need for all of these things and allow you to transact in a secure environment.

NFTs are the driving force behind a significant part of the DeFi infrastructure. NFTs are not limited to collectibles. Programmable bits of data stored on the blockchain are NFTs. The development of blockchain provides a hack-proof and transparent storage solution. This is equivalent to ownership over pieces of data that can be programmed to do different things when interacted with. Let's break that down and demonstrate how new DeFi platforms are safely and efficiently decentralizing e-commerce.

At the most basic level, an NFT can be owned by one person, and the only way to take it from that person is to pay for it. There is no way to duplicate or steal it. Even after its sale, it can be programmed to continue to give royalties to the original owner. NFTify provides entrepreneurs with a platform to create an online digital NFT store without writing a single line of code. It is also equipped with artificial intelligence that helps detect NFTs that might be similar to its own, adding to the protection of the already secure blockchain network. This puts a small business in the hands of an individual without the need to set up any infrastructure of their own.

NFT to represent real-world items instead of digital items. Now translate all that old potential into actual retail. Inventory data is stored on the blockchain, which prevents any market that lists the NFT from selling it twice. Affiliates can sell products with NFTs for profit and get paid immediately because of how the NFT is programmed. Smart contract is used to hold and transfer the funds. Buyers will know their purchase is authentic because the NFT cannot be duplicated or altered. Scalp problems and fakes would become a thing of the past.

An environment like this is trustless, which means that users are not required to trust each other to transact securely. The platform itself acts as an intermediary. Instead of the platform accumulating wealth like a central marketplace would, those profits are redistributed to users. The adaptations mentioned above are built into the platform and can be improved by those who invest in the system. Most platforms allow users to vote on bug fixes and updates.

There are different platforms connecting NFTs to real-world products. These platforms converts real-world items into financial assets. These NFTs can be traded, sold, bought, and borrowed. They can even be fractioned and pieces can be bought and sold. They can be staked for yield, meaning they can be locked onto the platform for small rewards over time. Creating liquidity in real-world items is the definition of digitizing reality. It's similar to how Wall Street turned gold into derivatives. The difference is that normal people can now use similar tools with whatever valuables they may have on hand. Projects like this help level the playing field between rich and poor.

Pandora is a mix between eCommerce and DeFi. Sometimes NFT assets are not sold for long periods of time. Drops convert NFTs into liquid assets that can be used to borrow cryptocurrencies. This allows users to trade their assets the way wealthy people like to trade. Users can also stand on the other side of this transaction and put their coin in a pool so other users can borrow. This platform creates a bank-like environment where the development of NFTs are the collateral, as gold used to be. Only on this platform, users can access the same tools used by banks, but at an institutional level. The efficiency of the blockchain reduces costs to almost nothing,

DeFi and NFT are changing the way money circulates within our economy. NFTs are becoming financial instruments with which we can do business and make money. The collectible craze may be on the wane, but the development of NFT technology is only now beginning to really penetrate the market. The more widespread NFT projects become, the more users will have the tools they need to act independently and trade assets on their own terms.

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How Blockchain and cryptocurrencies can revolutionize companies

A brief overview of the various benefits and applications of blockchain and cryptocurrencies and how they can transform businesses.

The development of blockchain and cryptocurrencies has been skyrocketing for several years, and the hype around it is not likely to end any time soon. More and more people are investing in cryptocurrencies every new day, and the sector has seen innovations such as cross-border payments, real-time IoT operating systems, identity management systems, NFT markets, decentralized finance ( DeFi ),and more.

The blockchain technology that underpins cryptocurrency is already changing the way businesses operate.  Blockchain can be used to make businesses run more efficiently because it provides a secure ledger for all transactions. From decentralized security to effective data management and enhanced transparency, blockchain has many benefits and is used for various applications in various industries.

Walmart and other large corporations are already using blockchain to track their supply chains. British Airways is another notable company that has embraced blockchain technology. They have used blockchain technology to coordinate data flights between London, Geneva, and Miami airports.

They are also piloting a new blockchain-powered VChain Verification Service, which may totally revolutionize the registration process if successful. E-commerce giant Alibaba is also using a blockchain-based solution to track luxury goods sold on its various websites. Today, the power of blockchain development is being tested in a variety of fields, including education, healthcare, and just about everything else.

These are some of the main benefits of blockchain and cryptocurrencies that could revolutionize businesses around the world.

Fast and secure transactions

Both blockchain and cryptocurrencies make transactions fast, easy, and secure, which can help businesses run more efficiently. Credit or debit cards can sometimes take a day or more for transactions to be finalized and reflected in your account, but crypto transactions can be done instantly and kept private.

Financial intermediaries such as banks will not be involved in your transactions. You are also not required to provide your personal data or any other source of identification, such as a driver's license and government-issued ID. As a result, both your identity and your financial data will be protected.

Low transaction fees

Businesses typically make hundreds of thousands of transactions each day. While Bitcoin and other crypto payments are going mainstream, credit card payments are already widely accepted, but they come with high transaction fees. Adopting cryptocurrencies for these transactions means that you will pay significantly lower transaction costs than you would if you used credit cards or other means from banks or other financial institutions.

Greater decentralization

Because blockchain-enabled crypto transactions do not require a third party or central authority, this paves the way for business transactions to become more decentralized. Therefore, no one will control your information. Only the sender and recipient will participate.

Reduced chances of fraud

Unlike traditional card payments, which can be reversed using the chargeback feature, payments with Bitcoin and other cryptocurrencies cannot be reversed. Because every transaction is recorded securely, there is a long-term audit trail that can be used to track transactions and verify their authenticity. As a result, each transaction has increased audibility and accountability, dramatically reducing the likelihood of fraudulent transactions.

This audibility feature can also be used to track other assets, allowing companies to keep a database of various types of information about these assets up to date.

Greater traceability of the supply chain.

The use of blockchain-based applications makes it easy to track products and goods as they move through the different stages of the supply chain. The ability to monitor suppliers in real time, eliminate human error in updating data, and use smart contracts for payments is expected to transform the global supply chain industry.

With the supply chain becoming more efficient, organizations can shift their focus to reduce other costs and more efficiently optimize other processes, including production.

Cross-border payments

Cryptocurrencies facilitate cross-border payments and thus lower barriers to international trade for various businesses. As a result, businesses can accept cryptocurrency payments from customers anywhere in the world. Not only does this improve a company's global prospects, it will also give it a significant competitive advantage.

Enhance your core capabilities

Because enterprise adoption of cryptocurrencies is still a new concept, businesses can enhance their core capabilities and improve their prospects among rivals by implementing them early on. New customers who are interested in the crypto field can be attracted by offering crypto payments. Since cryptocurrencies have the potential to override even central currencies, and even governments are now planning to offer their own central bank digital currency, this will definitely put businesses far ahead of the competition.

New sources of capital

The adoption of cryptocurrencies can give businesses broader access to capital and liquidity pools, dramatically increasing their investment options. Initial Coin Offerings (ICOs) are one of the most common ways that businesses, especially startups, have been raising capital through cryptocurrencies.

Similar to the traditional Initial Public Offerings (IPOS) method, through this method, companies that raise funds through ICOs typically return investors through cryptocurrency tokens such as Bitcoin and Ethereum.

Potential inflation hedge

Even though cryptocurrencies often have high volatility, the market is seeing tremendous growth these days and businesses can certainly use cryptocurrencies as a hedge against inflation during tough economic and market conditions. Bitcoin is one of the most prominent cryptocurrencies that various investors and companies have invested in to use as a hedge against inflation and ever-changing market dynamics.

Even though Bitcoin is one of the most volatile cryptocurrencies, most people choose Bitcoin as an inflation hedge mainly because of its limited supply and because of its appeal when its real yields are close to zero.

Improved treasury function and operations

In addition to facilitating crypto payments, companies can also move away from the payments arena and implement cryptocurrency and blockchain technologies in their operations and treasury functions.

conclusion

Businesses certainly have great potential to improve themselves and maximize profits once they seriously embrace cryptocurrencies and blockchain technologies development. By considering stakeholder needs, overall strategy, and short- and long-term goals, companies can create the right crypto adoption strategy and then work towards its implementation.

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NFT: what are non-fungible tokens?

An NFT is a “non-substitutable digitally protected object” and is considered title to unique digital items . Above all, digital art is sold with the help of non-fungible tokens. Blockchain technology is used for this: information about the work, the owner, the rights of use, etc., is stored and transferred tamper-proof.

What is an NFT?

To better understand what a non-fungible token is we can first take a look at the real world. In it, a unique and non-substitutable token would be a painting or a handmade jewel. The piece of exchange, the fungible token, would be a 10 euro bill, for example. The painting or the jewel are unique and cannot be substituted or exchanged for an equivalent object . A 10 euro note, on the other hand, has many equivalents, that is, all the other 10 euro notes that exist.

Let's go back to the digital world: in it, fungible tokens are bitcoins, for example, which can be exchanged for any other bitcoin of the same value. But what about all the memes, videos, pieces of music and works of art in virtual space? In theory, anyone can duplicate them with a couple of clicks and save them to their own hard drive. To mark the original and be able to trade with it , non-fungible tokens have been developed.

How does a non-fungible token work?

This type of token consists of several blocks of information that are chained together: the blockchain . The blocks contain various information about the work , such as author, buyer, seller, etc. In addition, a unique fingerprint (the hash value) is stored in each block , along with the hash value of the previous block, thus creating the aforementioned chain. What makes this technology almost tamper-proof is decentralized storage on a peer-to-peer network . All computers connected to it have a copy of the blockchain and check the conclusiveness of the new blocks and the hash values ​​specified therein, so errors or forgeries are immediately detected.

This technology is not only used for non-fungible tokens, but also for most cryptocurrencies such as Bitcoin and Ethereum. If you want to buy an NFT, you will usually pay for it with Ethereum , as it is the most widely used blockchain for NFTs.

What types of NFTs are there?

The development of Non-fungible tokens are especially prevalent in the art world, whether to protect simple videos and images or elaborate digital works of art . However, in principle, any virtual good can be linked or protected with a token. For example, valuables from computer games are provided with an NFT that can only be used by their owner. Virtual properties and events can also be traded with tokens.

Specifically, there are the following uses:

NFTs for art, called NFT ARTs : for works of art, collectibles, GIFs, music, etc.

NFT for games: for unique items in games.

NFT certificate: for titles, certificates, identities, patents, property rights, identifications, etc.

Reward-NFT: for promotions and events.

Trade with NFTs

As with cryptocurrencies, non-fungible tokens are also traded on special online markets . Some crypto exchanges also offer NFTs. The best known, as the oldest and now the largest NFT exchange in the world, is OpenSea : since 2017, NFTs from various sectors can be traded on it.

The sale takes place on OpenSea, as well as on many other platforms such as Binance or SuperRare, in two ways: at a fixed price or by auction to the highest bidder. To participate you need a wallet and the necessary cryptocurrency, in most cases Ethereum.

The currency also forms the basis for being able to “mint” NFTs yourself . In short, the corresponding image, video or piece of music is uploaded and the token is created, with which you can later negotiate.

Featured Examples of NFT Trading

Perhaps the most well-known example of the use of non-fungible tokens (and one that many find difficult to understand) is the sale of a work of art by the artist Beeple. Beeple posted a photo on Tumblr every day since 2007 and ended up assembling a mosaic of images from 5,000 individual photos. Beeple later auctioned off the NFT at Christie's for some €57.8 million , even though the image could theoretically be reproduced by anyone.

However, this artist is not the only one who has achieved such high sums: the NFT of the source code of the World Wide Web was sold for about 5.4 million US dollars through Sotheby's. The first tweet on Twitter , from 2006, went for $2.9 million, and basketball player LeBron James, with a video of a shot, fetched a purchase price of about $200,000.

The hope of all buyers is that the respective non-fungible tokens will increase in value over time , similar to true works of art and collectibles.

Possible problems and dangers of NFTs

The question of how useful the development of NFTs are is raised by many: works associated with them are easy to copy in most cases, purely virtual possession remains abstract and of unclear value. Developer Geoffrey Huntley also demonstrated this absurdity with a practical example. He stole or copied all available NFT images and collectively uploaded them to The NFT Bay platform. This resulted in 17.96 terabytes of imaging material. The actual non-fungible tokens were not affected, but the images easily changed hands.

There are also much more specific criticisms regarding the CO2 footprint of NFTs . The electricity consumption for the generation of blockchains is very high. A British artist and technologist calculated the electricity consumption of a total of 18,000 non-fungible tokens and this came out to 340 kWh, just under ten percent of the average annual electricity consumption of a home. Converted, this amounts to CO2 emissions of 211 kilograms per NFT , the same as a two-hour flight.

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What are NFT games and how do they work?

NFT games have become fashionable in recent months, so more and more users want to be part of them. For this reason, we have prepared this post in which we will tell you everything you need to know about these, including some games in which you should not invest money to enter.

The term NFT has become fashionable on the internet in recent months and has served for many people to finally enter this world of cryptocurrencies and have a bit of financial profitability . The latter has also given rise to a new phenomenon, such as NFT games . And if you want to know more about this new game system that uses many of the components of cryptocurrencies, such as Blockchain technology , we invite you to continue reading.

It is important to point out that NFT games aim not to remain a simple fad on the internet , but rather due to all their characteristics and what they present to the world, as a new way of making money , it is most likely that sooner or later they will end up find their place and establish themselves among us , in the same way that cryptocurrencies have done, which little by little have been accepted and even normalized in certain parts of the world.

Next, we are going to tell you everything about NFT games, from what they are, how they work and also answer some important questions that users have. In this way, we hope that, in the end, you understand everything regarding this new economic system that is gradually gaining more followers.

What are NFTs

Before moving on to talk about NFT games , it is important to first address what NFTs are , as they are the foundation these titles use.

To do this, you must understand that, in our economy, there are two types of goods: expendable and non-expendable . The first of these corresponds to those that can be exchanged , since they have a value related to their weight, measure or number. A clear example of this is banknotes, which you can exchange for similar ones and which retain their value. Simply put, they are easily replaceable.

Then we have the non - expendable goods , which are those that can not be replaced . And the main example of this concept is works of art, since you cannot exchange them for others of a similar or equivalent value, since this does not exist.

 All that said, the acronym NFT stands for the term “ non-fungible tokens ” . And, in case you didn't know, tokens are some units of value that are provided to a business scheme, as in the case of cryptocurrencies. This is important, since NFTs are related to these virtual currencies , although they would also be opposites.

An NFT is a unique good, which cannot be exchanged, replaced or modified by another of equivalent value , in the same way that it happens with the example of the works of art that we mentioned. To acquire an NFT you must buy it , because you cannot make a copy, since it would not have this value.

Currently, NFTs have been associated with works of art and many artists decide to sell their creations in this format, so interested users must purchase the certificate that recognizes them as owners of these works . And this is where a very important point about NFTs comes in: pure speculation .

It is important for you to know that NFTs work using the Blockchain, also known as blockchain . This technology is also used by cryptocurrencies, which achieve their cryptography thanks to a set of hundreds of thousands of computers interconnected with each other in a decentralized way that work with blocks of information. Each of these connects to a previous block, making a chain, hence its name, which contains information on the transactions that are carried out and their date .

As for NFTs, blockchains provide them with a kind of digital certificate of authenticity , which contains a lot of data that cannot be edited. In this way, it is guaranteed that each of these is unique. In addition, the initial value, the author and the transactions that have been made with it are also saved.

In this sense, when acquiring an NFT, there will always be a record that retains the original value with which it was launched . You should also know that the vast majority of these work under the regulations of the Ethereum network , which makes it easy to trade with them.

And this brings us to the reason why people buy NFTs. The answer is simple: speculation. Many of the users who buy these tokens do so because they believe that they will appreciate in value and they will be able to earn a lot of money. It is obvious that no one will buy the drawing of any object simply for love of it , but thinks that, in the near future, its price will increase and he will be able to get money.

What are NFT games

NFT games are characterized by the fact that one of their components is an NFT, as its name indicates. They are usually the characters, weapons or accessories that you can buy with real money . In other words, it does not matter that there are hundreds of similar avatars in the game, they are all unique and have elements that differentiate them , so they cannot be replicated or faked. Not to mention that they are encrypted within the Blockchain .

It is also important to note that NFT games often have their own cryptocurrency . So, if you want to buy one, you have to change your money, usually expressed in dollars, and convert it into the cryptocurrency that the game manages to be able to buy within it.

NFT games are also known as Play-to-earn , which translates to “ play to earn money ” . And this is the reason why they have become so popular today, because users can earn money with these , although in some cases they require an economic investment first.

The economic system of NFT games can vary depending on the title . However, in general, the most common way in which users earn money with these is through achieving victories in the game modes of these , because when they do, they receive some internal currency or cryptocurrency that has a real value. on exchange platforms , such as Binance , which is one of the most used.

Another way in which you can make money with NFT games is through NFT items that are valuable due to their extreme rarity , since these can be sold later. And related to this, if you acquire the NFT of a character, which you improve by leveling it up and equipping it with accessories , you will be able to sell it later for a higher price and recover money.

NFT games and money: how much do you need to start and how much can you win

This is a very interesting question and one asked by many users who want to get started in this world of NFT games.

We mentioned earlier that many NFT gaming platform requirements require an investment of money to get started. This is because they follow a scheme where the characters are the NFTs, so to build your team with which you are going to compete , you have to buy them.

The amount of money you need to start will depend solely on the NFT game you want to play. And, in turn, this is determined by many internal factors within it, since the economy of these games tends to vary , reaching peak rises and also times when their value drops a lot.

An example of this is Axie Infinity , one of the best and most popular NFT games for Android. In order to enter this NFT , you need to purchase a team of 3 Axies , which are the characters. And when the gaming token was at its highest, it took even just over $1,000 to get in . However, now that its price has dropped and the market has stabilized a little more, well, do it for considerably much less.

It is important that you investigate, because another factor to take into account is that there are characters that are more valuable than others and that will help you progress more. So these will cost you more money. And this brings us to the other extreme: How much can we earn from NFT games?

Users are known to have made millions of dollars from NFT gaming development, so we can say that their profit potential is very high. However, this will depend on many factors, such as the stability of the market, whether it is an inflationary token or not, the performance we have during the games and, therefore, the tokens we receive , as well as the popularity of the game. If more users enter the game, they are going to invest, so the price is going to skyrocket.

Before you get started on any NFT game, we recommend that you do some research on it and analyze its stability over time , the amount of money you need to start with, and the profit potential it offers you.

4 free NFT games you can try

Not all users can afford to invest money in these NFT games , or do not want to, so the question arises whether these Blockchain titles exist , but are free. And the answer is yes, although you should know that the profit potential is lower compared to those in which you must invest , but this does not prevent you from playing them and accumulating enough to make the jump to that type of NFT. And if you want to read a more extensive and complete list of NFT games for Android , we invite you to read our post.

Currently, some of the best free NFT games that you can try are the following.

cryptopop

Dragonary

MIR4

God's Unchained

It is important to point out that Axie Infinity announced that it was working on a Free-to-Play version , in which we would not need to invest money to start playing. However, for now, this solution has not been released , so we must continue to wait.

It is an NFT game that you can download to your Android mobile and whose gameplay is similar to that of Candy Crush Saga . But the difference is that here you can earn some tokens, for watching ads and winning games, which you can exchange for Eth .

It is very similar to Axie Infinity , since you must assemble your team of dragons to start fighting against other users from all over the world. But the main difference is that you don't need to spend any money to get started , as the game gives you 3 dragons for free which you can use to start your adventure. Obviously you can spend money and advance faster, but it is not mandatory.

It is one of the free NFT games that has given the most talk in recent months . You can download it for free on Android and it's one of the most complete, as it allows you to create your warrior from scratch and start your adventure in this fantasy world. Basically to earn money with this title, you need to reach level 40 , which will allow you to collect a special material that you can later exchange for the DRACO token that the game handles.

Finally, we have Gods Unchained, which is an NFT card game similar to Legends of Runeterra or Hearthstone, with the difference that it allows us to earn some money . Its gameplay is simple as you have to build your deck to fight many games against players from all over the world and defeat them to receive certain reward prizes.

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What are NFTs and how to use them in an online marketing strategy

NFTs, cryptocurrencies and the relationship between the two concepts have become a recurring topic of conversation. It is, without a doubt, a complex issue on which there are many questions. Are we witnessing a change in the economic paradigm or is it just a passing fad?

 What are NFTs really and how are they used?

One thing is for sure: The development of NFTs are changing the way digital content is created. According to the data collected by Nonfungible.com in its annual report on the NFT market , this new digital financial environment has generated a turnover of 10,000 million dollars in the last four years . Taking these figures into account, it is important to assess what their role will be in the design of online advertising strategies.

What are NFTs?

NFT stands for Non- Fungible Tokens . A non-expendable good is one that is not consumed by its use and cannot be substituted or exchanged for another. Consequently, NFT represent units of value assigned to this type of goods within a digital context. More specifically, an NFT is a digital certificate of authenticity that, through transactions made with cryptocurrencies, generates a digital asset linked to a unique piece. 

The operation of NFT is based on blockchain technology , just like cryptocurrencies. Through a chain of blocks, put into operation by users, an encrypted database is created that allows all kinds of online transactions to be carried out. While cryptocurrencies represent a fungible good, NFTs represent the opposite side of the same coin.

NFTs on digital platforms: a rising value

Having defined what NFTs are, it is important to clarify that it is the main currency for the acquisition of goods or services in digital environments. According to the project The Virtual Economy of L'Atelier BNP Paribas , this model is based on markets where the publisher of a platform facilitates the transaction of digital assets in the form of cryptocurrencies. The main virtual markets for this type of asset are: 

The very nature of the metaverses is closely tied to the development of NFTs. Virtual experiences and goods are monetized through non-fungible tokens which, in turn, work through the exchange of cryptocurrencies. According to Bloomberg Intelligence forecasts, the metaverse business can reach a volume of 800,000 million dollars in 2024 , a figure that gives a good account of the relevance that virtual environments are acquiring.

The news that Facebook has gone Meta and launched its own Metaverse has put the spotlight on the possibilities that this new technology opens up for digital business. However, different digital worlds such as Decentraland , Cryptovoxels or Somnium Spaces have been operating for some time and have been allowing their users to acquire plots, works of art or VR experiences through blockchain technology.

The development of NFT gaming has been a true revolution in the video game sector. While the big platforms are studying the possibilities of including non-fungible tokens in their products, play-to-earn video games or NFT gaming platforms have more followers every day among the gaming public. 

It is a modality of online games developed based on blockchain technology. In these games, some of their elements are made up of an NFT that can be acquired through a cryptocurrency transaction . These tokens can be anything from tools, weapons or cars to clothing or housing for the avatars.

Recently Twitter has activated the option to include NFT profile photos for its users, while Mark Zuckerberg has announced his intention to also add them to Instagram profiles , in accordance with the new vision of Meta. For its part, TikTok continues its consolidation as an advertising platform. To this end, it has launched its own NFT broadcast channel, TikTok Top Moments , in which it shows a selection of audiovisual pieces that can be purchased using tokens. 

How to use NFTs in online marketing strategies

The production of content for digital environments has launched what is known as the creator economy , an industry that, as a result of the pandemic, experienced unprecedented growth. Based on data from GP's Technology Predictions 2022 report . Bullhound , the creator's economy already exceeds one hundred million dollars in profits. 

In this context, NFTs can be a differentiating element in branding-oriented strategies . Some of its advantages are:

They create added value through unprecedented experiences for users.

They are a way of interaction with a multitude of possibilities.

They have a wide variety of formats , which makes them a resource adaptable to different audiences.

Its use has a great impact on the brand image and shows its interest in the latest trends.

Being an emerging sector, it is important to determine the characteristics of the potential audience to generate effective KPIs. A study carried out by the Deusto Business School on the habits of young people born between 1995 and 2005 reveals that one of the points that Generation Z values ​​most in their interaction with brands is adapting to their way of understanding life. 

If we take into account that the main users of the metaverses are in this age group, as well as their vision of the crypto economy as a way to build their financial future, the use of NFTs in the branding strategies of brands is almost mandatory. Therefore, the design of advertising strategies adapted to the interests of this generation will be decisive for the performance of brands in the new scenario.

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NFT Marketplace Development Company

Build enterprise blockchain solutions with Corda blockchain development company. Hire expert Corda blockchain developers.

Creating an NFT Marketplace allows you to easily enter the booming NFT industry with a very profitable product. NFT  Marketplaces are online platforms where users can buy, sell, and auction their NFTs and make profits. You can also use these platforms to showcase your own NFTs, especially for gaming projects and art. Many gaming projects prefer to have their own NFT marketplaces to keep their in-game assets completely exclusive. An NFT marketplace allows you to generate multiple streams of revenue through just a single platform.

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How to Select an NFT Token Development Company

An NFT Market – a great startup idea for 2022. Find a professional NFT token development company and start making money – non-fungible tokens are expected to become the top trend of the year.

Why is NFT so popular?

Non-fungible tokens are the perfect means of providing proof of ownership of any asset. These are unique tokens that cannot be counterfeited, thanks to the blockchain network that ensures their integrity at all times.

 In the beginning, NFT technology was used in art and gaming industry, the two areas where people are eager to spend money for pleasure.

After Facebook changed its name to Meta and announced its intention to develop the metaverse, consumer giants began to venture into the NFT token industry: Nike plans to offer virtual sneakers, Adidas and Under Armor already sell their products on the market. OpenSea, while Walmart filed several digital world trademark applications on December 30 and will issue its own unique token.

The virtual world is becoming a reality, and there are still many opportunities in this market. Everything from children's drawings to works of art are becoming non-tradeable tokens.

How to Find Your Niche in the Digital Asset Market?

There are not many platforms yet to create and sell an NFT. You will need to follow several relatively simple steps, to create your own NFT marketplace. If you understand the rules of the crypto world and non-fungible tokens, it will not be a problem.

  How do NFT tokens work?

A non-fungible token (NFT) is a custom token. Fungible Tokens are similar to fiat money, with one currency barely different from another. Non-fungible tokens have a unique identifier and are based on smart contracts and Unlike fungible tokens, an NFT is indivisible and non-exchangeable. An NFT represents a digital certificate that proves the right of real do. Ensuring irrefutable ownership is the main objective. It is not used as a means of payment.

 All non-fungible tokens store metadata, including the name, the information that they are non-tradeable and indivisible, the address on the blockchain network, a link to digital assets, etc. Using smart contracts an NFT is generated and then put up for sale. ownership of digital or world assets

What are some areas with high demand for NFTs?

The most common use case is digital art. Non-fungible tokens can be issued for any digitized drawing, piece of music or film. NFT is often used in games: There is currently a high demand for NFT token development services for items such as maps, game artifacts, and characters.

However, there are also possibilities in more traditional markets: real estate assets, investment contracts and educational platforms can be tokenized. In general, when contacting an NFT token development company, you should look at your idea from a proof of ownership perspective.

If an asset requires proof of ownership, it can be used to issue a non-fungible token.

  What is an NFT market?

 Anyone can store an item for sale and use it to issue a non-fungible token in  

these NFT stores. To a customer, it looks like a regular online store with products sorted into certain categories.

After choosing the NFT assets, the user buys them as usual: the only difference is that a crypto wallet is used instead of a payment card. Blockchain solutions make it possible to store purchase information in a distributed network.

 Currently, there are still relatively few such platforms. The most popular are OpenSea, Rarible, Superfarm and Mintable. In fact, they combine NFT token development services and online stores to sell such items.

NFT development protocols

As a rule, a development company offers to develop an NFT based on various blockchain protocols and platforms.

 The identification process of this protocol is based on the Ethereum blockchain network. The function used to transfer non-fungible digital assets is transferFrom. To sell a standardized product multiple times, it is necessary to issue multiple smart contracts.

Unlike the previous protocol, this one does not offer separate single NFT assets, but rather an entire class of tokens. It can be useful for selling multiple items: instead of creating a unique non-fungible token for each asset, simply issue a smart contract and specify the number of items.

 The BSC Blockchain is based on the Binance Smart Chain. It is compatible with the Ethereum virtual machine and is used to issue a smart contract. Specific NFT modifications (BEP-721 and BEP-1155) have been created to ensure compatibility with the protocols mentioned above.

 TRC-721 crypto tokens are fully compatible with an ERC721 token. The TRON network became a popular platform for developing non-fungible tokens due to low fees.

An NFT token development company typically offers a full range of NFT development services, from preparing technical specifications to providing technical support and marketing services. A comprehensive approach to a project ensures higher quality and speed of execution.

 You can contact blockchainx to apply for any project related to blockchain and NFT. Our well-coordinated team of professionals will set up an NFT market step by step, implement it and provide technical support. We provide a complete set of immediate solution services

As a general rule, the client should provide only the general description of an idea.

The main criterion that determines the possibility of the development of NFT tokens is the need to prove the right of ownership of digital or tangible assets. Experienced NFT token developers are well versed in blockchain technology and can help choose the best option for platform implementation.

 You can choose an NFT token development company with its own platform or commission someone to build a platform from scratch that fits your requirements.

The second option comes with much higher costs. If an NFT developer has a native NTV platform, non-fungible token development services will certainly include integration, configuration, and an API that allows the user to expand the platform's features according to individual needs.

 Any software product can fail at some point.

The development of NFT tokens is no exception. That is why services should include the option to contact technical support and get help at any time.

  Regardless of the protocol you choose, the user interface is an important factor that plays a major role in ensuring the success of your business.

Sales must be quick and easy. Of course, the interface must also have a unique design.

 Many customers fear that creating a new wallet can be inconvenient.

The more wallets, the greater the chance of losing virtual assets; after all, users often lose keys and forget passwords. That is why the integration of popular cryptocurrency storage wallets is a rational solution to make the platform more convenient.

 Since the development of NFT tokens always takes place in a decentralized network, the tokens are protected from hackers by the blockchain technology itself.

 However, the platform must also be protected. This is an important element of the cryptocurrency business.

 If your startup company is promoted by marketing experts, business revenue will come faster.

For example, before providing a complete solution for your idea, Blockchainx conducts a comprehensive marketing study and implements its results in the development of the NFT token and the configuration of the platform.  

 What are the necessary characteristics of a market for decentralized non-fungible tokens?

So far, there are no established user standards. The platform must offer a digital asset for purchase in a familiar way to customers. This will include browsing product categories, comprehensive product cards, and helpful filters.

 The search engine is designed for users who are looking for NFTs and who already know what they would like to buy. This helps them choose and purchase items faster.

 Some personal information to buy or sell an item must be provided by the user. Websites based on blockchain technology often allow users to log in with a wallet. Many platforms offer registration through the use of a mobile phone number, email address, or social media accounts.

  There should be an easy and convenient process to upload an item and put it up for sale for anyone who wants to create a non-fungible token on your platform.

 A registered user must be able to see the history of sales and purchases, change their data and connect a wallet.

 This service will allow users to choose products and at the same time create the usual experience of shopping in an online store.

 Preferably, it should work 24 hours a day because the NFT industry knows no boundaries, with users living in multiple time zones.

 This includes a monitoring panel, smart contract auditing, options to resolve technical issues, etc.

You can always create your own wallet to store crypto, but it's better to integrate an NFT platform with existing wallet services like MetaMask.

  The NFT token development process begins with setting up a task. You must ensure that this is specified in the description of non-fungible token development services. The client generates an idea which is then elaborated and described by the NFT token developers based on the choice of technology and marketing methods.

 Customer reviews are essential criterion for choosing NFT token developers. The most reliable reviews can be found in topic-specific forums and communities. The length of experience is not as important because the industry is still new. The contractor must ensure the transparency of various stages of the development of the NFT token and establish a market. The client cannot simply bring an idea and forget about it. As a stakeholder, the customer must track the implementation process.

 Particular attention is paid to NFT technology and tools. It is a good sign that the NFT development company suggests several options to optimize your idea. To do this, your programming team must be very familiar with various networks and understand all the available protocols. The best option for some startups may be TRON.

 Before signing a final contract for the development of NFT, you must verify the quality of the support service. It must always be available.

 Other criteria include:

The options of conducting auction sales and selling items at a fixed price.

Support dApps (applications for a decentralized ecosystem), auditing of smart contracts and protocols.

Be aware of SEC requirements when implementing a system. Until an NFT law is adopted, these requirements are crucial to avoid penalties.

The non-fungible token development process

Here at Blockchainx, we always take the logical approach where at each new stage, we ensure information support for the previous stages. This allows us to reduce development time and significantly improve the quality of our products.

 Your idea, its feasibility, and potential will be evaluated by a team of an NFT development company. Our experts help programmers and designers set goals and prepare technical specifications.

 This is the stage for choosing NFT development solutions. Visual interfaces are designed. The developers discuss the technical aspects that will be more difficult to change in later stages.

 The non-fungible token development company implements his idea. The development of non-fungible tokens often follows the Agile method, where the first step is to create an MVP (Minimum Viable Product) as soon as possible. This product allows developers to test basic hypotheses, detect deficiencies and correct them. Subsequently, the platform is progressively developed by adding new features in order of importance. This allows developers to launch the project faster.

This is a necessary step that consists of checking the product for any errors. 

If the client does not have its own server equipment, a platform is usually deployed on a cloud infrastructure. To find the best option to implement your platform, contact NFT token developers.

  How much does NFT market development cost?

The initial costs are quite high. NFT token development services and the creation of an exchange platform are quite expensive. The price range starts at around $40,000. However, you can only find out the real price after discussing the details because there are many aspects that can increase or decrease the implementation costs.

 Some NFT token developers price according to features or modules, and others request to be paid by the hour. Contact a company's development manager for more information on costs.

 Compared to development costs, hosting and cloud services are not that expensive. You'll also need to take care of marketing up front. It is known that for every dollar spent on advertising, about 10 dollars can be earned. That is why it is always a good idea to find a good marketing consultant or even a team of experts.  

The total costs of the project depend on the number of experts whose services you would like to use. These include designers, programmers, security personnel, and marketing consultants. Usually, ordering a full package of development services from NFT helps to save some money.

  How do recover the costs of developing NFT tokens?

The monetization process depends on the type of project. For an NFT market, the return on investments is quite simple: the seller, the buyer or both pay a fee for each transaction. This is particularly profitable in the case of expensive crypto-collectibles and auction goods where prices can increase 10-fold.

 If services are offered, you can enter a subscription plan or a fee for posting ads. Users can also pay to use some unique features of the platform.

 Many marketplaces also offer digital asset sellers to pay to have their items appear above other listings.

 For an existing business, the development of NFT empowers the organization of transactions without intermediaries and unnecessary audits. Costs are offset by business process optimization and time savings.

 It's hard to forecast the payback time of an NFT project, but the sooner you launch it, the less competition there will be. The existing demand for non-fungible tokens allows new market players to start making money quite quickly.

  conclusion

NFT tokens have many advantages over other means of proving irrefutable authenticity and ownership.

 Information stored on a blockchain platform is protected from forgery, copying, or modification.

Transaction transparency allows users to track a non-fungible token throughout its lifecycle.

Encryption protects data from unauthorized changes.

 This allows authors, collectors, players and financial market participants to feel safe.

 Also, the tokens can be used to earn money and are in high demand. Now is the best time for you to enter the world of NFTs.

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16 Best Markets for Digital Art NFT or Non-Fungible Tokens

Over 12 years since Bitcoin emerged as the world's first virtual currency, designed by an enigmatic, freedom-loving hacker and currently used by underground geeks to buy and sell everything from servers to cell phone jammers.

A decade later, Bitcoin and other cryptocurrencies are pretty much mainstream investment,s and even most non-techies know the basics of blockchain driving a decentralized finance revolution.

What Bitcoin was for those years, the development of NFTs seems to be in 2021.

So-called “non-fungible tokens” are having a huge boom in recent weeks, attracting increased venture capital cash and incredible speculative values ​​for digital collectibles.

Despite the fact that most of the general public barely understands how this blockchain-based digital authentication system works.

What is this about Non-Fungible Tokens?

Perhaps the easiest way to understand it is to think of NFTs as a digital version of the certificates of authenticity that are prevalent in the real-world art and collectibles market.

Instead of a piece of paper, however, NFTs use cryptographic smart contracts and a distributed blockchain (which, in most cases, is built on top of Ethereum technology) to authenticate who owns each particular token.

As with cryptocurrencies, those contracts are verified by the distributed collective work of the miners who maintain the entire system.

Through its computational work (whose electricity generates a lot of carbon emissions) just like it happens with cryptocurrencies.

NFTs can be sold and traded directly on any online marketplace, without any centralized control structure dictating the rules of those transfers.

What makes NFTs different from a cryptocurrency is the distinctiveness of each token .

With a cryptocurrency like Bitcoin, each individual unit is indistinguishable from another and has identical value. Each individual Bitcoin can be traded or split like any other Bitcoin (ie Bitcoins are tradable).

What makes NFTs non-fungible is that each one represents an entity with a different value and cannot be broken down into smaller units.

Just as anyone can start printing their own online Certificates of Authenticity (or anyone can start their own cryptocurrency to try to be the next Bitcoin) anyone with little technical knowledge can start minting their own NFTs.

Etherscan currently lists more than 9,600 different NFT contracts, each with its own network of trust that represents and tracks its own set of digital assets.

In the following video, they explain to you about 4 of the most important markets, such as: Rarible, Superrare, Nifty Gateway and AtomicHub.

1.Open Sea

OpenSea is the first and largest marketplace for user-owned digital goods, including collectibles, gaming items, domain names, digital art, and other blockchain-backed assets.

2. Rare

Rarible is an NFT (non-fungible token) platform for protecting digital collectibles secured with blockchain technology.

3. Nifty Gateway

Nifty Gateway allows you to buy, sell, trade and display your Nifties or digital NFT products. Great artists have chosen this NFT market, for example Calvin Harris.

4.Super Rare

SuperRare is a blockchain-backed social network for art creators and collectors. Creators can create digital works of art and tokenize them on the Ethereum blockchain.

Collectors can buy and trade works of art with royalties going back to the creator thanks to smart contracts. Limited access.

5. mintable

Creating and selling digital items on Mintable to earn cryptocurrency is one of the best alternatives for beginner users.

6.Atomic HUB

Atomic Assets is a standard for non-fungible tokens (NFTs) on the EOS cryptocurrency blockchain technology.

Anyone can use the Atomic Asset standard to tokenize and create digital assets and buy, sell and auction assets using the Atomic Assets marketplace.

Within this market, you will be able to special cards for some games, such as: SplinterLands. In addition, some collectible cards / cards.

7. Know Origin

Known Origin allows artists and designers to create, discover and own rare digital works of art, all protected by the Ethereum blockchain.

Artists can submit digital artwork as a jpg or GIF to the KnownOrigin gallery. All files are stored decentrally in IPFS. All assets are given unique identifiers that can be traced.

Known Origin focuses on digital art, so there is no point in going here for Cryptopunks or Avastars, for example. Think of the items for sale here like you would an art gallery.

8. Marble Card

MarbleCard is a way to create and exchange unique URL-based digital cards, each web page can only be viewed once and by a single person.

Once a card is created, that URL is claimed forever, all cards are non-fungible tokens created on Ethereum.

9. Valuable

The site, Valuables, allows anyone to auction off their tweet for payment in the form of ether.

The platform is solely focused on selling tweets as NFTs and obviously don't expect to sell your TWEETS, unless you are a major influencer in the world.

10. VIV3

VIV3 is the first general nft marketplace development for the Flow blockchain based on the belief that the world is at the beginning of a shift from physical to digital ownership.

Viv3 has a vision to empower one billion people to create, trade and own the world's most valuable creations based on Flow.

A highly scalable and composable smart contract platform that delivers the performance required for mainstream applications.

Artists, game studios, and brands use VIV3 to create unique tokens, each representing their digital creations on the Flow blockchain as NFTs (Non Fungible Tokens).

These NFTs are purchased by fans, collectors, gamers, and digital asset dealers.

11.Treasureland

TreasureLand is the first and largest NFT marketplace development on Binance Smart Chain that enables the buying and selling of BSC NFT tokens.

It is a spin-off from the developers behind DEGO, a hybrid platform that blends the worlds of DeFi and NFT.

It has a complete NFT ecosystem including NFT Casting, Mining, Crafting, Auction, Trading, Trading and more.

Getting your hands on some NFTs is pretty simple on the Treasureland platform. It allows listings and auctions payable in a few different cryptos.

You can also switch to DEGO to participate in NFT mining as well, which is pretty uncommon in the world of collectibles.

12. Venly

Venly is a digital collectibles marketplace designed for gamers and collectors in general where users do not need to pay with cryptocurrencies.

Venly is also the first NFT marketplace to operate on Polygon (formally Matic). Still in its infancy, the platform recently launched with a Battle Racers campaign to generate immediate interest.

Battle Racers is an action-packed blockchain racing game where you design, build and race NFT cars on arcade-sized tracks, as part of the launch a new special car called Venly was created.

13.Ghost Market

Ghost Market is the first blockchain NFT market. Ghost Market allows you to discover, buy and sell NFTs from both the NEO and Phantasma Blockchains.

Phantom is a fast, secure, and scalable blockchain built with NFT in mind, so it has many NFT features (minting, batch minting, shipping, etc.) built in by default.

14. Zora

Zora is a marketplace to buy, sell and trade limited edition products.

15. Foundation

Foundation is a platform for artists (creators) and collectors to sell, buy, list for auction, bid and bid their digital works of art represented by the Ethereum blockchain as NFTs.

16.Decentraland

Decentraland is a virtual game, in the style of what was formerly Second Life, with the novelty that it allows you to buy game objects as NFT digital assets.

 To develop NFT marketplace like opensea, rare etc click the link below

https://www.blockchainx.tech/nft-marketplace-development

[tron-token]

NFTs and copyright: why for a lot of money invested the rights remain in the hands of the original creator

You have bought an Nft and you are wondering: What is it for? What rights do I have over the work? Do I have a license to create derivatives? . The acquisition of these 'Non-fungible tokens' generates many questions related to copyright and it is convenient to emphasize that the rights of the original author and those of the buyer must be differentiated. Here we are going to try to clarify what happens with NFTs and how the rights to the work on which they are based remain.

What are we really buying by paying for an NFT

Buying an NFT means getting hold of a crypto token. Without going into details about blockchain, it can be understood as a public and unique code linked to the original work , because the creator himself has determined so. One of the similes used is that it is as if we had a "limited edition with autograph", a stamp where the author tells the rest of the world that we have the most valuable copy, the good version and most importantly the original.

The development of NFTs do not revolve so much in the value of the work as such, but in the exclusivity and trust that the creator generates by giving us the NFT. The difference between having a JPG of a digital work and having a JPG next to the NFT is that in the latter case we have the confidence that the author will give the maximum value to our NFT, above any other version of his work .

Technically the author could create new NFTs on the same original work, but this would make the creator lose all credibility. The very idea of ​​NFT, which is technologically unique, is basically based on the trust generated by the author.

With the purchase of an NFT you get a "seal of authenticity" from the creator of the work, but the authorship does not change and no copyright is transferred.

That said, the author of the work remains the original creator. The authorship does not change , only when selling the NFT what is allowed is that the buyer can do business with it. When we speak of author we refer to the "creator of the original expression in a work". This person is also the owner of the copyright, unless there is an agreement whereby the copyright is transferred to another person or entity.

Copyright laws were not created with NFTs in mind, but they do establish a whole series of measures that contemplate them. As described by the World Intellectual Property Organization (WIPO) , there are economic rights and moral rights . Among the patrimonial rights, it is contemplated that the author can prohibit or authorize the reproduction of his work, interpretation, recording in various formats, broadcasting, translation and adaptation. In the case of moral rights, the right to claim the authorship of the work and the right to oppose any modification that may harm the creator's reputation is recognized.

Both economic rights and moral rights remain in the hands of the author of the work and the purchase of the NFT does not transfer any of these rights . Still, various government agencies and IP registries such as the European Union Intellectual Property Office (EUIPO) are intensively studying the possibilities of blockchain .

The purchase of an NFT may be associated with an additional contract, where specific clauses are established, including the transfer of some rights. However, this is a one-time thing and is not necessarily linked to the purchase of an NFT.

As a comment, obviously the creation of an NFT belongs solely to the original author. If someone outsider creates an NFT of a work outside of him, he is infringing copyright . Equivalently, those who bought this illegal NFT would also not get anything in return. This is the case of MetaBirkins , who has sold a "tribute to Hermes" collection through OpenSea, with some tokens reaching the equivalent of $24,000. However, Hermes subsequently accused the seller of infringing on his copyright.

The creation of NFTs from other people's works is one of the problems that is affecting platforms like OpenSea, where digital authors see how their works are being minted (the process of minting an NFT) by strangers and have problems getting the platform to block them.

The only right that seems to matter with NFTs is Royalties

The concept is closely linked to the media success that these tokens are having are right to royalties or ' royalties ', that is, a percentage that can be left on a subsequent sale. These royalties are reflected in the smart contract that is made when selling the NFT and is one of the explanations why there are investors betting on NFTs.

Due to the very construction of the NFTs, all subsequent resales are reflected in the blockchain and the allocation of royalties can be done automatically. That is, the original author of the work can get to collect a percentage of each subsequent sale, but not only him. Also the holder of the previous NFT can obtain royalties with each subsequent sale .

The automation of royalties with each subsequent sale is the great advantage that can be achieved with NFTs. Due to this percentage obtained by the previous owners, many investors (or companies that want to generate business) have been attracted.

One of the sectors that is approaching NFTs is video games. The creation of these tokens is a mechanism to generate income. If to date we had micropayments to acquire digital goods, the implementation of NFTs associated with each object or character can favor traceability and, above all, boost resale . However, the reaction of certain communities has not been very positive, as is the case with 'STALKER 2: Heart of Chernobyl' , which has finally paralyzed its commitment to NFTs.

One of the criticisms of NFTs is that many are built on a house of cards . There are different ways to obtain an NFT, but in some cases they are hosted on web servers. At the moment the web has problems, the NFT gives an error.

Purchases and transactions with NFTs are anonymous, but this also serves as criticism since it can be taken advantage of by the author himself or by the original buyers themselves to artificially grow the value of the NFT, acquiring the NFT at ever higher prices. to make other people believe that that NFT has a growing value.

Again with NFTs, and in many other investment fields, everything is based on the trust that can be generated. Other criticisms that serve to reflect how NFTs work is when there were companies that allowed you to buy a plot on the Moon. There was no right associated with that purchase. What is the difference? The idea is that while the organization that sold those parcels had no right to the land on the Moon, the original author of the work does assure us. Of course, being "owner" of the work will only help us to obtain the approval of the original author, in addition to the possibility of reselling that NFT and obtaining royalties.

Some buyers of NFTs do not want other users to download copies of the original work. While other buyers like Vignesh Sundaresan, who purchased the NFT of Beeple's work for the equivalent of $69.3 million, don't mind everyone downloading the work for free , understanding that the value of their NFT is not subject to the use that the rest make of the image .

NFTs are nothing but a technology through which an author can guarantee exclusivity. These development of NFTs allow certain transactions to be automated and open the door to a future with many options based on them, but currently their greatest value is that they promote resale. Some movements that some see as a bubble and others see as a way to value digital creations. Regardless of how the use of NFTs evolves, it is important to note that they are not linked to the transmission of intellectual property .

[tron-token]

NFTs and copyright: why for a lot of money invested the rights remain in the hands of the original creator

You have bought an Nft and you are wondering: What is it for? What rights do I have over the work? Do I have a license to create derivatives? . The acquisition of these 'Non-fungible tokens' generates many questions related to copyright and it is convenient to emphasize that the rights of the original author and those of the buyer must be differentiated. Here we are going to try to clarify what happens with NFTs and how the rights to the work on which they are based remain.

What are we really buying by paying for an NFT

Buying an NFT means getting hold of a crypto token. Without going into details about blockchain, it can be understood as a public and unique code linked to the original work , because the creator himself has determined so. One of the similes used is that it is as if we had a "limited edition with autograph", a stamp where the author tells the rest of the world that we have the most valuable copy, the good version and most importantly the original.

The development of NFTs do not revolve so much in the value of the work as such, but in the exclusivity and trust that the creator generates by giving us the NFT. The difference between having a JPG of a digital work and having a JPG next to the NFT is that in the latter case we have the confidence that the author will give the maximum value to our NFT, above any other version of his work .

Technically the author could create new NFTs on the same original work, but this would make the creator lose all credibility. The very idea of ​​NFT, which is technologically unique, is basically based on the trust generated by the author.

With the purchase of an NFT you get a "seal of authenticity" from the creator of the work, but the authorship does not change and no copyright is transferred.

That said, the author of the work remains the original creator. The authorship does not change , only when selling the NFT what is allowed is that the buyer can do business with it. When we speak of author we refer to the "creator of the original expression in a work". This person is also the owner of the copyright, unless there is an agreement whereby the copyright is transferred to another person or entity.

Copyright laws were not created with NFTs in mind, but they do establish a whole series of measures that contemplate them. As described by the World Intellectual Property Organization (WIPO) , there are economic rights and moral rights . Among the patrimonial rights, it is contemplated that the author can prohibit or authorize the reproduction of his work, interpretation, recording in various formats, broadcasting, translation and adaptation. In the case of moral rights, the right to claim the authorship of the work and the right to oppose any modification that may harm the creator's reputation is recognized.

Both economic rights and moral rights remain in the hands of the author of the work and the purchase of the NFT does not transfer any of these rights . Still, various government agencies and IP registries such as the European Union Intellectual Property Office (EUIPO) are intensively studying the possibilities of blockchain .

The purchase of an NFT may be associated with an additional contract, where specific clauses are established, including the transfer of some rights. However, this is a one-time thing and is not necessarily linked to the purchase of an NFT.

As a comment, obviously the creation of an NFT belongs solely to the original author. If someone outsider creates an NFT of a work outside of him, he is infringing copyright . Equivalently, those who bought this illegal NFT would also not get anything in return. This is the case of MetaBirkins , who has sold a "tribute to Hermes" collection through OpenSea, with some tokens reaching the equivalent of $24,000. However, Hermes subsequently accused the seller of infringing on his copyright.

The creation of NFTs from other people's works is one of the problems that is affecting platforms like OpenSea, where digital authors see how their works are being minted (the process of minting an NFT) by strangers and have problems getting the platform to block them.

The only right that seems to matter with NFTs is Royalties

The concept is closely linked to the media success that these tokens are having are right to royalties or ' royalties ', that is, a percentage that can be left on a subsequent sale. These royalties are reflected in the smart contract that is made when selling the NFT and is one of the explanations why there are investors betting on NFTs.

Due to the very construction of the NFTs, all subsequent resales are reflected in the blockchain and the allocation of royalties can be done automatically. That is, the original author of the work can get to collect a percentage of each subsequent sale, but not only him. Also the holder of the previous NFT can obtain royalties with each subsequent sale .

The automation of royalties with each subsequent sale is the great advantage that can be achieved with NFTs. Due to this percentage obtained by the previous owners, many investors (or companies that want to generate business) have been attracted.

One of the sectors that is approaching NFTs is video games. The creation of these tokens is a mechanism to generate income. If to date we had micropayments to acquire digital goods, the implementation of NFTs associated with each object or character can favor traceability and, above all, boost resale . However, the reaction of certain communities has not been very positive, as is the case with 'STALKER 2: Heart of Chernobyl' , which has finally paralyzed its commitment to NFTs.

One of the criticisms of NFTs is that many are built on a house of cards . There are different ways to obtain an NFT, but in some cases they are hosted on web servers. At the moment the web has problems, the NFT gives an error.

Purchases and transactions with NFTs are anonymous, but this also serves as criticism since it can be taken advantage of by the author himself or by the original buyers themselves to artificially grow the value of the NFT, acquiring the NFT at ever higher prices. to make other people believe that that NFT has a growing value.

Again with NFTs, and in many other investment fields, everything is based on the trust that can be generated. Other criticisms that serve to reflect how NFTs work is when there were companies that allowed you to buy a plot on the Moon. There was no right associated with that purchase. What is the difference? The idea is that while the organization that sold those parcels had no right to the land on the Moon, the original author of the work does assure us. Of course, being "owner" of the work will only help us to obtain the approval of the original author, in addition to the possibility of reselling that NFT and obtaining royalties.

Some buyers of NFTs do not want other users to download copies of the original work. While other buyers like Vignesh Sundaresan, who purchased the NFT of Beeple's work for the equivalent of $69.3 million, don't mind everyone downloading the work for free , understanding that the value of their NFT is not subject to the use that the rest make of the image .

NFTs are nothing but a technology through which an author can guarantee exclusivity. These development of NFTs allow certain transactions to be automated and open the door to a future with many options based on them, but currently their greatest value is that they promote resale. Some movements that some see as a bubble and others see as a way to value digital creations. Regardless of how the use of NFTs evolves, it is important to note that they are not linked to the transmission of intellectual property .

[tron-token]

10 amazing NFT games to make money with

Every day we will hear more about non-fungible tokens or NFTs , assets that function as digital certificates of authenticity that have ceased to be seen as a simple phenomenon to become a reality through which to buy and sell ownership of digital goods. The development of nft gaming platform industry has opened its doors to a world where users go from being recognized to being rewarded, beyond its use in works of art. If you want to discover the best NFT games to earn money with, this post is for you!

What are NFT or play to earn games?

The NFT games platform development are video games that are supported by blockchain technology, where items such as avatars can be bought, sold or rented, becoming unique non-fungible tokens that we can trade with. They are usually called play to earn games because they are associated with their own economies that allow users to earn money with them.

This type of NFT-based games have interested large companies in the sector, such as Electronic Arts or Sega , which are already investigating how to become part of the industry. That is the case of Nintendo, which in the presentation of its financial results for the last quarter recognized the potential of NFTs and the metaverse. According to the brand analyst, David Gibson, the company is interested in these technologies, although they believe that they still have to define how to integrate them into products.

While some fear speculation and the lack of conventional laws that can regularize the situation of video games, many people who are already committed to investing in virtual weapons, real estate, vehicles and other objects that only exist within the game and that have the advantage that they cannot be copied or falsified, being unique objects encrypted by blockchain 

Features of NFT games

NFT-based games have a series of characteristics that allow us to establish their differences from traditional video games. Let's see the main ones:

These are games in which the objects that we use constitute in themselves a unique and unrepeatable NFT.

While in traditional video games you pay real money to unlock new screens or abilities, in NFT games you use tokens.

We are talking about games that have their own economy supported by blockchain, based on the metaverse and cryptocurrencies, in addition to smart contracts .

The value of NFTs in NFT games depends on their usefulness, particularity, and the price that people decide to pay for them.

Each user is responsible for safeguarding their assets , preventing these digital assets from being stolen or the result of fraud or phishing .

The best NFT games

The gaming industry no longer thinks only that users have fun, but also that they obtain different prizes . There are 10 NFT games presented in this article with which you can already earn rewards with a monetary value in real life.

1# Axie Infinity

The most famous NFT game, which moved more than 485 million dollars in the summer of 2021 and two million daily users, is inspired by Pokemon and is developed on the Ethereum blockchain technology. Users must purchase at least three Axis, whose value increases or decreases based on their rarity and demand, in order to access it.

Players will use these goods to participate in the adventure and face off against different monsters. Also to fight against the Axies team of other players or against the machine in exchange for rewards that can be converted into real money.

Exploring, creating and socializing are the main options for users in a virtual NFT game that bears some resemblance to The Sandbox. In it we can create objects such as land, farms or accessories to include in our avatars that can later be sold in the game market to earn MANA tokens.

Designed so that its full potential is exploited in the metaverse , it seduces with a futuristic look that users are already enjoying.

In The Sandbox, players can create and manipulate different 3D objects in a virtual metaverse where virtual assets can be played, built, owned and monetized.

The platform offers the possibility to create and customize assets that can be sold in different markets to earn SAND, the native currency of the game. This can be converted into other cryptocurrencies that can be converted into real money.  With unlimited possibilities to build and create any product that can be imagined it is one of the NFT games with the greatest potential.

4# Samurai Doge

In this game, the sale of a limited number of Samurai Doge is proposed in this game where a group of friendly animated dogs in samurai uniforms stars will be present in a battle game which makes these NFTs highly valuable. And it is that those who have a couple of copies will be able to raise the next generation of samurai dogs.

The daily tokens called $HON and different exclusive rewards have a lot to do with the success of a launch in which the first thousand units of Samurai Doge were sold in less than 15 minutes.

This adventure game will allow users to travel through different landscapes in which they will have the mission of hunting and capturing creatures called Illuvials . With more than a hundred Illuvials spread across its stages, each with their own different abilities, players will be able to form teams of three Illuvials to fight against other players in competitions and earn $ILV tokens.

Its visual effects and careful aesthetics are the strengths of a game that will be released to the public in 2022.

This action and graphic adventure game will allow you to immerse yourself in the world of Talmuth, with free characters and weapons with which you can participate in rewards and missions to kill monsters in different dungeons and earn relics that can be converted into commercial goods.

Designed for lovers of survival, users have the task of going through different terrains in which to extract gold and fight with other players to gain authority. One can Rent NFT weapons and accessories that enhance your experience with NGL tokens which is rewared with winners.

Considered one of the best mobile action-adventure games , Guild of Guardians offers an exciting journey in which players build and protect their guardians. Each of them, with a class and a series of unique objects.

Players can craft their own items and accessories, raid dungeons, and loot other players, later exchanging their winnings on the market. Of course: it has more than 140,000 players on the waiting list...

The decentralized nft gaming platform development Conscripts.gg bets on a real-time strategy video game in which users must build their army and infrastructure, recruit military ships and attack other planets to access their resources. Successful invasion is rewarded with CONZ tokens with which items and resources can be purchased or traded . Tokens can be earned by selling Users' NFT assets which can be converted into other cryptocurrencies.

Mines of Dalarnia is an action-adventure game in which players act as miners and enter different worlds where they fight with different monsters while extracting crystals and particular objects. To upgrade your equipment or to acquire other items in the game those crystals can be used.

Each player receives a series of DAR tokens daily that they can use to unlock new items and earn rewards .

Did you know these games? Have any of them caught your attention in particular? We are looking forward to reading your opinion in a comment! In addition, we recommend you take a look at the Master in Blockchain, Metaverse and NFT's , a 600-hour program with which IEBS has positioned itself as the first school to launch a training offer with which to become a professional in the technologies that are filling the headlines of the last few months, since Facebook decided to bet heavily on the metaverse. 

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Bored Ape Yacht Club NFT: Why is an NFT so coveted?

Like it or not, you've probably been watching a Bored Ape Yacht Club NFT. This is particularly true if you're already on Twitter, where the founders of the Bored Ape Yacht Club NFTs use them as profile pictures. Steph Curry, Post Malone, and Jimmy Fallon are among the owners.

Bored Ape Yacht Club NFT or Bored Ape Collection, is one of the most effective non-fungible token collections, it was launched in April 2021 and consists of 10,000 Bored Ape. Currently, the lowest price for a boring monkey is 52 ether. They often sell for much more.

The Bored Ape Yacht Club NFT, as anything related to NFTs, is divisive. Those who own and trade gear like NFTs are extremely envious of monkey owners, and those who don't are confused and distrustful. 

The arts contribute to some of his achievements, but not all. Here's a roundup of everything you need to know about Bored Ape Yacht Club's NFT Collection.

About Bored Ape Yacht Club

The Bored Ape Yacht Club is actually a collection of 10,000 NFTs of distinctive bored ape faces, they are one-of-a-kind virtual collectibles running on the Ethereum blockchain technology. You can purchase one of the 10,000 bored monkeys at Opensea.io

The Bored Ape also serves as the user's Yacht Club membership card, which also grants users access to various membership benefits, such as THE BATHROOM, a type of collaborative graffiti board. 

In fact, the community could activate future areas as well as additional benefits by activating the roadmap.

Minimum price: 49.8 ETH

Market capitalization: 498,000.0 ETH

24-hour volume: 1,315.34 ETH

Highest selling price: 769.0 ETH

Owners: 5,939

Total assets: 10,000

Two Kinds of Bored Ape Yacht Club NFT Art

There are two main types of NFT art. First of all, there are one-of-a-kind pieces of visual art put up for sale as NFTs, much like paintings in real situations. 

Think of the Beeple NFTs that fetched $69 million at Christie's auctions. 

Second, there are the NFT collections, also known as "projects", such as the Bored Ape Yacht Club . They are similar to Pokémon cards in that they start with a template and then go on to churn out hundreds or thousands of variations, each ranked in terms of rarity. 

In the case of BAYC, there are 10,000 apes, each of which has unique "properties" such as different types of fur, facial expressions, clothing, and accessories.

How much does a Bored Ape Yacht Club NFT cost? 

His own star-studded roster includes Jimmy Fallon, Steph Curry, and Post Malone. Currently, users can pay for a Bored Ape Yacht Club NFT that costs 52 ether, or $210,000, which is the lowest price.

Unexpected trades are often indicative of shady deals, as in the particular case of the man who spent $530 million to buy an NFT. 

The reason in the recent case was a direct and disastrous "big toe mistake". That's when humans make an online trade for the wrong item or the wrong amount. 

The holder's real name, Max or username maxnet, intended to sell his Bored Ape for 75 ether, or roughly $300,000. Rather, he inadvertently listed it for 0.75, one-hundredth of the predicted value.

What's so valuable about the Bored Ape Yacht Club NFT?

This is a tough question. The simple answer is that, as with real-world art, an appraisal is completely subjective.

Let's start from the early stages. A team of 4 pseudonymous developers and programmers, Gargamel, Gordon Goner, Emperor Tomato Ketchup, as well as No Sass, formed the Bored Ape Yacht Club in late April 2021. 

It typically took hours for the 10,000 to sell at 0.08 ether, or about $190. The price increased substantially from April to July.

what it helps to do Bored Ape Yacht Club NFT and any other beneficial NFT collection is a matter of opinion. In general, it is a mixture of three elements. Influencer/celebrity engagement, community strength, as well as member benefits.

The first is obvious. There are those who would like an NFT if celebrities have one. 

On November 8, Tonight Show host Jimmy Fallon purchased a Bored Ape Yacht Club NFT (for $145,000) and has since used it as his Twitter profile picture, on which he has 50 million followers.

Second, consider utility. This development of NFT projects are often claimed to provide an advantage, such as connectivity to games to earn money or the ability to use an NFT gaming development to buy and sell cryptocurrency.

To keep starters engaged, the Bored Ape Yacht Club undertook a couple of other things. Initially, the Bored Ape Kennel Club was established, allowing owners to "adopt" a canine NFT with characteristics similar to those of the Bored Apes. 

In August the occasional gift arrived: virtual bottles containing mutated serum. Bored Ape can be combined with serum by holders to create a mutant Ape, one more NFT. Kennel Club and Mutant Ape NFTs sell for a hefty price, with starting prices around $14,000 and $26,000, respectively.

And perhaps the most vital component is the community that has grown around a collection. The Bored Ape Yacht Club has attended meetings in New York and California, even Hong Kong and the UK. 

Recently, a headline-making carnival weekend was held in New York, complete with a real yacht party and concert featuring Chris Rock, Aziz Ansari and The Strokes.

What's next in the Bored Ape Yacht Club NFT collection?

After the star-studded party in New York, the next members-only upside for Bored Ape, as well as Mutant Ape owners, will be a mobile game. 

Leaving aside the fact that the game will be available for 10 days and also that the prizes will probably be of enormous value, information seems to be scarce.

What people do with their monkeys, but on the other hand, it's weird. Owning a Bored Ape NFT gives users full commercial rights to it, which owners put to good use. 

A bored monkey owner created a Twitter account for his monkey and produced a backstory for him that transformed him into Jenkins, a slave who appears to work for the Yacht Club. 

Jenkins agreed to sign with a real-world agency in September. He ends up getting his own life story, which is written in part by New York Times bestselling author Neil Strauss. Universal Music Group made an investment by forming a band consisting of three bored apes and a mutant ape.

You may think NFTs is ridiculous and bad for the environment, but boring monkeys aren't going away anytime soon.

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DeFi must copy NFT Boom to gain mainstream acceptance

Cryptocurrencies as a store of value are well accepted. BTC, ETH, and even popular altcoins like Doge have made it to the mainstream. Understand that mere possession of tokens or non-fungible assets is only one (very limited) aspect of the larger promise to be achieved. peer-to-peer electronic cash.

The things we can do with these assets, the world of DeFi , can potentially change the way people around the world spend, invest, and use their money. I mean, if (and this sometimes seems like a big if), normal people will embrace it. Lack of awareness and complicated onboarding processes have hampered DeFi adoption despite its incredible potential. But now we are at a critical turning point. How we take advantage of the change and the interest that is growing thanks to the development of NFT will be key to the future of DeFi.

DeFi: first steps

The first step in increasing DeFi adoption is simply awareness. Consider the following Google Trend Chart comparing NFT and DeFi research over the last 12 months (yes, the red line at the bottom represents DeFi research).

In March 2021, the cast of Saturday Night Live rapped on NFT and the trend has only seemingly continued with every major Taco Bell company for IL TEMPO Magazine launching their own NFT collection. Within this consumerization of NFT, there are lessons that can be applied to the broader world of DeFi if we truly want to attract the next billion users to this space.

What is really amazing about the widespread awareness of NFTs is that it all happened despite the surprising concentration in the market. According to a report from the beginning of this year, almost all NFTs in existence are owned by a group of fewer than 400,000 people. So even if a small percentage of the population owns an NFT, everyone knows about it. The New York Times credits the success of NFTs to the modern "attention economy."

Defi need simplicity

Beyond awareness, the second step to increasing DeFi adoption is to make it easier. The NFT pop culture phenomenon has also been fueled by the fact that compared to the mechanics of DeFi, NFT development are relatively simple to perform and understand.

While the true consumerization of NFT is still a long way off, it is still far ahead of DeFi. Opensea , despite its challenges and seemingly growing list of user frustrations, is a decent platform that has made buying NFTs as easy as a few clicks. But there are other platforms that actually make the process even easier: Coinbase 's pending wallet will allow anyone to buy an NFT with a credit card and rapidly expand the universe of potential NFT collectors.

Agriculture production

Anyone who has participated in DeFi and deposited cryptocurrency into a yield farm , for example, knows that the opposite tends to be true in our industry. Complicated user interfaces, often incomprehensible documents, and a seemingly endless maze of disparate applications are just a few of the huge barriers to entry.

For this reason it is appreciated that less than one percent of cryptocurrency holders have participated in DeFi applications despite the impressive rewards. Simple participation procedures provide up to 10% APY, while more complex strategies can generate 100% and more each year. The irony here is that similar rewards are often what drove mainstream awareness of NFTs.

Need better and cleaner user interfaces with intuitive up and down ramps, but all of that will come in time. The answer right now may lie in the NFTs themselves.

upcoming trends

Many interesting DeFi projects are already implementing NFT strategies the combination of NFT and DeFi is already expected to be one of the biggest trends of 2022, and  (and vice versa). For anyone who has used Uniswap V3 to earn fees in exchange for providing liquidity, the simpler role NFTs can play in DeFi is already clear. Uniswap V3 liquidity positions are represented as NFT (ERC-721 token) and can also be displayed as a generative image. But imagine a similar project where this takes it a step further: what if stunning artwork is what draws people to a project with the added bonus of paying big harvests?

There are a number of interesting projects that have already combined NFT with DeFi. Axie Infinito , an Ethereum -based game where players buy NFTs from monsters or Axies and engage them in battle, is one of the most popular. Axie players must own NFTs to play and earn tokens that can then be deposited into yield farms for additional rewards.

Marrying NFT and DeFi

Other projects combining NFT and DeFi include NFTFi, a project that allows people to use their NFTs as collateral for loans, or NFTX, which enables community-owned index funds for one token to represent ownership in many NFTs. The best designs combining DeFi and NFTs will provide incredibly simple and user-friendly user interfaces while providing features like making NFTs more liquid.

The development of NFTs can solve the challenges of adopting DeFi by increasing awareness and making it easier to conduct business and financial transactions effectively. We have the world's attention, what we do next will be critical to the growth of our industry.