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The Most Interesting NFT Examples: May 2022 Edition

The Most Interesting NFT Examples: May 2022 Edition

Ruth Kise 4 min read
NFT collections are digital objects created according to a single principle. These can be art, virtual land plots, music, and in general everything that can be stored in digital format. We have collected five (actually more) NFT collections of digital art that make up the top among the number of buyers on OpenSea and Looksrare NFT marketplaces. In the article, you will find out about what is in these collections, who their creators are, and how much the lots cost. Prices are relevant in mid-May, 2022. 1. Otherdeed for Otherside Otherdeed is the key to claiming land in Otherside - a 3D metaverse in the spirit of Dungeons and Dragons, that appears to offer a gaming format for Bored Ape or Mutants NFT holders. Each plot of land has a unique blend of environment and sediment — some with resources, some home to powerful artifacts. And on a very few, a Koda roams. As it’s claimed on the platform, there will be 200,000 Otherdeeds in total. The first 100,000 were available on April 30, 2022. The second 100,000 will be exclusively awarded to Voyagers who hold Otherdeeds and contribute to the development of Otherside. For those with Bored Apes or Mutants, Otherdeeds await their claim. For other adventures, it will be available for sale with ApeCoin . Creator: Yuga Labs Items: 97.9 K Owners: 34.4 K Floor price: 2.78 ETH Volume traded: 255.1 K 2. Azuki / BEANZ official Azuki starts with a collection of 10,000 avatars that give you membership access to The Garden - a corner of the internet where digital and physical worlds are blurred. Artists, builders, and web3 enthusiasts are creating this metaverse brand. By choosing one of the avatars, you choose your identity and get access to exclusive streetwear collabs, additional NFT drops, eventual live events, and much more.  Creator: TeamAzuki Items: 10.1 K Owners: 5.2 K Floor price: 8.66 ETH Volume traded: 231.1 K BEANZ (also created by TeamAzuki) are small species that sprout from the dirt in the Garden. Minted as a great friend to an Azuki, they're earnestly driven by the desire to help. However, peas are self-contained to a full degree and ready to pave their own path... Creator: TeamAzuki Items: 20.0 K Owners: 7.5 K Floor price: 1.05 ETH Volume traded: 57.5 K 3. PXN: Ghost Division One of these NFTs would be your login to the new dark side world, where every holder is a ghost. 100 Ghosts comprise one of 100 Regiments under the Phantom’s charge. All members are called to stand side by side to make a revolution and resist the shadow.   The collection of PXN (the underbelly of web3) counts 10,000 avatars and gives access to exclusive clubrooms for onboard NFT communities, and unique ways to interact with the community in web3. Creator: PhantomNetwork Items: 10.0 K Owners: 6.3 K Floor price: 3.59 ETH Volume traded: 25.5 K 4. Bored Ape Yacht Club/ Mutant Ape Yacht Club One of the most famous NFT collections of 10,000 unique Bored Apes— unique digital collectibles living on the Otherside, Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card and grants access to members-only benefits, the first of which is the access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation. Creator: BoredApeYachtClub Items: 10.0 K Owners: 6.3 K Floor price: 92 ETH Volume traded: 565.5 K The MUTANT APE YACHT CLUB is a collection of up to 20,000 Mutant Apes that can only be created by exposing an existing Bored Ape to a vial of MUTANT SERUM or by minting a Mutant Ape in the public sale. Creator: MutantApeYachtClub Items: 19.1 K Owners: 12.4 K Floor price: 19 ETH Volume traded: 395.3 K 5. Doodles Doodles are a collection of exciting hand-drawn designs by Burnt Toast. The Doodles universe is ever-expanding and new experiences like Space Doodles are only now available to collectors. Each Doodle allows its owner to vote for experiences and map activations paid for by the Doodles Community Treasury - Doodlebank with $5 million USD. Creator: Doodles_LLC Items: 10.0 K Owners: 5.0 K Floor price: 14.5 ETH Volume traded: 127.2 K Of course, these are not all popular collections. Today there are many interesting offers of NFT tokens of very different formats, whether it's art objects, music, clothes, lands, or the opportunity to book a table in a secluded restaurant. Despite all the ups and downs, the great idea of being a member of Metaverse and the ability to convert literally everything to NFT continues to arouse audience interest and increase market demand. Choose what you like, join like-minded communities, or be the first in the worldwide implementation of the Metaverse.
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The State of Play-to-Earn Crypto Games in 2022: Metaverse NFT’s

The State of Play-to-Earn Crypto Games in 2022: Metaverse NFT’s

Ruth Kise 5 min read
The concept of the virtual world is hardly new. Online and offline games with their infinite worlds are its dramatic confirmation. However, the metaverse is bursting in popularity today. Why? Blockchain mainstreaming and... cryptocurrency! The idea of ​a virtual world existence cannot be without the presence of virtual currency in it. Because, as in reality, any participant wants to have value, identity, and so on. This means, there is the popularity of the NFTs. NFT – non-fungible tokens, they can represent ownership of practically anything, video, art, sports, virtual real estate, and even gaming. They cannot be exchanged from one to the other. Hence, each is unique and accrues value independently. By the way, Mark Zuckerberg took up metaverse realization and renamed Facebook to Meta . The company is working on merging digital and physical worlds within a single platform, an ecosystem of blockchain, and has already created VR glasses, for example, for a virtual meeting with friends or colleagues. Your avatar, which will be present there, can be created and owned as NFT. While we are at an early stage in the generalized metaverse development, local virtual worlds are gaining traction — crypto games. They are a blockchain, decentralized, open-source platform with smart contract functionality, whose task is to transform the gaming experience of users by giving players true ownership of their in-game items through the use of NFT. Their gamers can claim, buy, sell, and trade all assets as NFTs and, thereby – earn.  There are different options on which blockchain crypto game is the best, but judging by their rates in 2021 and 2022, there are 3 at the moment. Let's overview these top ones: All are based on the Ethereum blockchain and are partnering with Polygon (fitting Ethereum second-level blockchain) to solve issues around scalability, speed, and transaction costs. All have similar opportunities and exciting worlds that you can create. And if you're going to dive in, you should get any Ethereum compatible wallet to store all your crypto. Still, there are some gaps between these three. Decentraland   • Runs on PC and Mac. There is no mobile version yet, but it’s in progress. • Crypto: MANA ($2.15), LAND. • You can convert your MANA assets from the Ethereum blockchain to Polygon’s Matic Network. • Plenty of games to enjoy. Some need you to pay according to the creator’s design, but lots are free of charge. • The navigation is as usable as it could be. Just move your avatar around a terrain of adjoining games to see your experiences. Sandbox • Runs on PC and Mac, Android and iOS. OS support coming soon. • Crypto: SAND ($2.81). • SAND can be staked on Polygon. • All games are user-created, and anyone can make them for free. Also, you can create assets as NFTs and sell them to other users. If you want to build metaverse experiences, you need to buy the limited LAND resource.   • Both free and paid games where you can earn SAND and use it to enter paid experiences. GALA Games • Runs on PC and Mac. The mobile version isn’t even planned. • Crypto: GALA ($0.2021). • Main position — "Fun first". There are 5 simple to play games in various stages of development, and no need for Blockchain pro to enjoy them. • Free-to-play games with play-to-earn mechanics allow you to unlock real rewards and start making money. Looking at the market cap growth of cryptocurrency of these play-to-earn games is hard to imagine something that could bring down an investment interest in the crypto-economic sector.  Taking on the psychological human desire to escape from external reality, to have fun, and find a better world, where you are a creator, not a ponce, it is difficult to refuse the opportunity to be in a metaverse. And if in addition to creating and entertaining, you can earn money – it is a win-win long-lasting ecosystem.
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How to Create an NFT Token?

How to Create an NFT Token?

June Katz 5 min read
The NFT craze There probably isn’t a hotter trend in crypto right now than the NFT surge of the last few weeks. Just like in many other trends, a significant amount of celebrities and billionaires have jumped on the boat that’s taken it to the mainstream, driving overall sales by over 55% with respect to last year. This might be the new crypto gold rush, as it turns out to be an asset that can be created by anyone regardless of their following community or income level. But, what exactly is an NFT, and why should you care about it?Let’s talk about fungibility first. If I have $10 in quarter-dollar coins in my pockets, I can comfortably go to the market and get a $10 bill in exchange for my quarters, because fiat currency is very fungible. By the same token, if I have a portrait from Picasso sitting in my living room, I cannot go to the market and have it exchanged by any other item, because Picassos, unlike fiat currency, are each unique and irreplaceable, and therefore non-fungible. Around this concept, non-fungible tokens (NFTs) are created as the tokenization of a collectible digital object or art piece. All of us can google Banksy and freely download virtually all of his artwork because the Internet is flooded with pictures of his creations. These, however, are gonna be as unique as the quarters in your pocket. A very different thing is to have Banksy sign each of his paintings and mint them onto the blockchain so that there can only be one authentic copy for every piece of art that he has ever produced. That’s exactly how NFTs work. Everyone can create a piece of digital art, mint it, and sell it as the unique creation that it is. These creations are held in wallets, which also happen to be unique. Every token ID is associated with a wallet on the publicly available blockchain, meaning digital ownership is verifiable, and the authenticity of the NFT is strictly not replicable.  How to create your own NFT There are different blockchains that support different NFT token standards, with Ethereum being the largest one by far. It is important to note that there are other options like the Binance Smart Chain and Polkadot , which have their own wallet services and marketplaces that are increasing in popularity. However, the tokens you create will only be sold on the blockchain that they were minted at. The largest marketplaces at the time of writing are OpenSea , Rarible , and Mintable , all of them Ethereum-based. Since OpenSea is currently the largest, let’s use it as an example to dissect the process of creating and selling your first NFT.The first thing you’ll need to do is setting up an Ethereum wallet that supports ERC-721 standard tokens, which can be easily made at Coinbase , MetaMask , or Trust Wallet at no cost. Once you’re there, you will need to fund your wallet with around $100 worth of Ethereum that will be later required for gas fees. While Coinbase allows you to transfer fiat money to your wallet and then exchange it for Ethereum, MetaMask and Trust Wallet will both require you to transfer your ETH directly from another cryptocurrency exchange. As your wallet is connected to OpenSea and your Ethereum funds have successfully made it there, you’ll be ready to create your NFT. To do so, you’ll first need to go to the top right corner of OpenSea and click on the “Create” option, which will directly ask you to connect your wallet. After that, you’ll be requested to digitally sign a proof of ownership over your wallet, which is merely a transactional requirement that doesn’t incur any fees. That marks the end of the bureaucratic part of the process and the very beginning of your own creative digital business.Next, you should go to the “Create” option once again and click on the “My Collections” button. You’ll be shown a window where you can name your NFT collection and it will give you access to uploading your creations with their corresponding names and descriptions. This is the part of the process where you can include special features of your NFT that can increase its scarcity and make it more attractive for buyers. After that, you can proceed to determine the number of copies you want to issue and the retail price at which you want to sell.  How to list and sell your NFT The next step is to take your creation to the marketplace. It is important to know that while creating an NFT is free of charge, OpenSea and other platforms will charge you with a gas fee to list your creations on the marketplace. This is why you needed some Ethereum on your wallet, to begin with. Once you’ve decided your selling conditions, that is, whether you’d like to sell it at a fixed price or you’d prefer to run an auction, you’ll be asked to establish a seller’s fee, otherwise known as a royalty. This will give you a percentage of each sale that involves your NFT in the secondary markets, creating an attractive source of passive income that you’ll be able to enjoy all your life thanks to the self-executing nature of smart contracts .The first time you list an article on the marketplace, the gas fee will likely be high. That is because you’ll be establishing a personal trading smart contract for your wallet, which is a step of the process that only needs to be done once. Everything you want to sell after your first creation will be free of charge unless you decide to list your items in a different currency than ETH. In that case, there will be much smaller gas fees than the one you’ll have to pay on your first listing.  Is it a good time to enter the NFT market? The hype around the NFT space is real, as every day more and more artists and celebrities decide to take part in what might be the future of art and collectibles. NBA’s Topshot has made over $230 million in gross sales of highlight videos of their top stars. Grimes has sold over $6 million among images and short videos related to her music. Beeple had never sold a piece of his artwork for more than $100, until he sold $69 million worth of art over the last weeks. While it does help to have a large community of followers or a large audience that you can easily target, the price to pay as an artist is simply the initial gas fee and the amount of time it takes you to create the next work of art. So, now that you know how to sell your creations, are you ready to see how much your creativity can be worth?
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What Is NFT? Non-fungible Tokens Explained

What Is NFT? Non-fungible Tokens Explained

June Katz 7 min read
Many call 2021 the year of NFT. We see the evidence of this even outside the crypto world when we hear news about NyanCat being sold or music artists promoting their work and using NFT to monetize it. Even though there’s an undoubtable influence of NFT on people and pop culture, many still don’t know what it is and whether it’s worth paying attention to. Let’s have a look at the definition of NFT, whether it has value and what projects are associated with it.  What is NFT? NFT is a so-called non-fungible token. Any item that is unique due to its characteristics and cannot be formally replaced with the exact same one is considered non-fungible. In contrast, any fiat currency is a classic example of an interchangeable, fungible asset since any dollar bill is equal to another dollar. In the crypto world, there are also fungible kinds of coins like Bitcoin or utility tokens, that can be exchanged one for another. NFT, on its own, is an indivisible token that represents a unique item, digital or existing in real life. It is typically used for digital art, games, and collectibles. Despite all the differences, NFT still runs on the blockchain network and there are two types of new standards created specifically for NFT: ERC-721 and ERC-1155. There are quite a lot of opinions about this type of token in the crypto community. Some say that NFT is the next big thing in the world of cryptocurrencies, but others say that the scale of the NFT market and its user base is limited and that the hype around NFT will eventually cease. Undoubtedly, 2021 has marked a boom in NFT so let’s analyze why exactly it is trending and what are the reasons behind people saying that it will soon overperform DeFi . Why are NFTs important? Fundamentally, an NFT is a digital certificate that represents a unique object. The token will already contain all the information about the given object, as well as an exclusive right to it. When we own, buy, sell, or exchange a token, we perform all these operations with the product itself. Since the tokens are stored in an open and distributed blockchain, information about this product, its owner, and the history of transactions with this product will always be available and reliable. We can always know who made what product and who it currently belongs to. NFT technology potentially allows you to tokenize, that is, transfer any product to the blockchain. One can attach NFT to any digital product like images, videos, audios, or GIFs. The tokens can also be used to prove the ownership of a given item like virtual land and to validate the authenticity of the crypto asset. NFT allows you to digitize the interaction with any virtual and physical goods like digital art, weapons, skins, characters. There are numerous NFT marketplaces, such as SuperRare, Nifty Gateway, Rarible, where users trade collectible items. Why do NFTs have value? Tokenization adds many useful properties to any digital product that increase the value of this product. Firstly, they present ownership and inviolability. When your digital asset is decentralized, it does not depend on the system in which it is located. This is especially true for game items. You buy them, but you own them as long as the developer company allows you to. With NFT, you have a certificate of ownership of a given product. During the transaction, all computers connected to the cryptocurrency network enter data about it in the general chain. Such public records serve as evidence of authenticity, and they cannot be changed or erased. The tokens are also unique and scarce which adds value to the product. On NFT-based platforms collectors can build a network and content creators can express themselves freely and find new audiences and markets. They can be sure that their art won’t be distributed illegally without their consent. The tokens also have liquidity. One can check the originality of a digital work which makes it easier to sell. Another advantage of the tokens is their interoperability. A given item can be used within different platforms, as long as the developers allow users to do that. The tokens are also programmable which means that the items can possess complicated characteristics within themselves.  NFT and digital art The history of NFT started mainly with digital art. On the Internet technically anyone can save a copy of your work and NFT solves the “right-click problem” associated with art. Thanks to the programmability of NFT, it allows the artists to have full control over what happens with their work. By making royalties automatic, for example, artists can receive a percentage of each resale of their work. The commission is registered in the smart contract and goes to the artist’s crypto wallet automatically. This ensures that they get credit for the work and doesn’t depend on the person reselling the work.  Best NFT artists and art projects Currently, these are the most famous and recognizable artists on the NFT network: Beeple, Coldie, MBSJQ, Muratpak, Hackatao, and Fewocius. Many of them operate on platforms for publishing and exploring digital art like SuperRare, Nifty Gateway, Rarible, OpenSea. Some artists like JOY and Josie have used their smart contracts to create real brands. Cent, a social network with a unique micropayment system, has become a relatively popular community where people can share and discuss crypto creations.  SuperRare is one of the first platforms used for rare editions of digital works. It has strict pre-moderation, as well as high quality of work and prices. Nifty Gateway as a popular platform for crypto art has mass drops when one work is sold in several copies. The largest sales in terms of revenue are organized on this platform. For example, Beeple sold $3.5 million worth of works on Nifty Gateway in one weekend. OpenSea is the largest marketplace for NFTs in general and crypto art in particular. Most secondary sales are made on OpenSea.  Rarible is the most democratic platform. Anyone can tokenize their work. In general terms, Rarible is not only for crypto-art but rather a marketplace for any NFT. Other popular NFT projects CryptoKitties Many attribute NFT’s popularity to CryptoKitties , a collectible blockchain game created by Canadian-American studio Axiom Zen. It has built a bridge between blockchain and entertainment. One can nurture a virtual kitten and cross it with another one in order to get a new pet with unique characteristics and sell it.Despite the simple idea, the platform possesses complicated technology. Information about animals is stored in the Ethereum network, and the rules of the game are spelled out in a smart contract. Being programmable, the items in the game possess different characteristics. Each crypto cat has a combination of different properties, such as age, breed, or color. After the crossing of two unique kittens, there is one new cat with a unique 256-bit DNA, derived from a mixture of the parents' DNA and from random mutations. The DNA of a new cat sets its appearance according to the rules defined by the developers. The game also has a commercial component. You can put kittens up for sale, offer them for mating for the desired price and get the money by giving the kitten, or buy one. The virtual animal can only be purchased for Ether. Now, 11% of all transactions in the Ethereum network account for the purchase of these pets. СryptoPunks CryptoPunks , another NFT token project, was launched even before CryptoKitties. Tokens represent the heads of punks made in pixel art. Each punk has different attributes, such as background color, accessories, or an unusual appearance of an alien or a zombie. There are currently 10,000 cryptopunks in circulation, all with unique features. At its inception, CryptoPunks weren't separate tokens, but rather a trading platform that could be used with wallets like Metamask. This certainly simplified interactions and lowered the NFT entry threshold. Moreover, these tokens are compatible with wallets and platforms on Ethereum, although they are based on the usual ERC20, and not on the more modern ERC721 and ERC1155. Сrypto Stamps  Crypto Stamps is another project connected to NFT. Essentially, these are stamps issued by the Austrian postal service. Like any others, they are used to mark postal items, but the main feature is that they are stored as digital images on the Ethereum blockchain, making them available for sale as digital collectibles. This project has connected the digital world with the real world. Conclusion NFT is called the main trend in the blockchain in 2021. There are many use cases for such tokens, and it is likely that many developers will soon offer new, exciting innovations for this promising technology.This technology has already revolutionized the art of the game in particular. There are quite a lot of advantages of blockchain gaming. For users, this is an opportunity to easily exchange in-game assets without the participation of intermediaries. Developers can use the blockchain to generate additional revenue from the sale of game items and tokens, as well as attract new users. The development of the NFT market allows content creators to sell works of art directly to the audience, without intermediaries. Digital collectibles are opening up blockchain technology to completely new industries beyond traditional financial management applications. Representing physical assets in the digital world, NFT tokens can become an important part not only of the blockchain ecosystem but also of the economy as a whole. NFTs have investment value as a popular area that can help blockchain technology achieve mass adoption.
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