Top NFT Collection Prices Ranked by Market Cap
| # | NFT | Floor Price | 24h | 7d | 30d | Last 7 Days | Market Cap | 24h Volume | 24h Sales | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - |
|
Bored Ape Solana Club
|
1.14 SOL
$110.60
|
0.0% | 9.2% | 12.4% |
|
$663,269
6,831 SOL
|
3.09 SOL
$300.35
|
3 | ||
| - |
|
MoonCats - Acclimated
|
0.13 ETH
$309.95
|
3.7% | 13.9% | 9.5% |
|
$6,477,920
2,696 ETH
|
0.13 ETH
$300.34
|
1 | ||
| - |
|
MidEvil
|
0.43 SOL
$41.45
|
0.0% | 5.1% | 21.6% |
|
$207,260
2,135 SOL
|
3.04 SOL
$295.46
|
3 | ||
| - |
|
Moonbirds: Mythics
|
0.060 ETH
$144.16
|
3.2% | 18.3% | 4.6% |
|
$1,408,895
586.38 ETH
|
0.12 ETH
$291.02
|
2 | ||
| - |
|
CryptoBatz by Ozzy Osbourne
|
0.025 ETH
$60.07
|
0.0% | 20.7% | 4.2% |
|
$580,312
241.53 ETH
|
0.12 ETH
$290.25
|
9 | ||
| - |
|
PennyMoon NFTs
|
0.010 BNB
$7.15
|
0.0% | 0.0% | 0.0% |
|
$14.29
0.020 BNB
|
0.41 BNB
$289.22
|
- | ||
| - |
|
The Warplets
|
0.002 ETH
$5.41
|
0.0% | 7.8% | 0.0% |
|
$265,719
110.59 ETH
|
0.12 ETH
$287.33
|
42 | ||
| - |
|
Card NFT 2
|
0.30 SOL
$28.65
|
5.5% | 2.2% | 3.9% |
|
$243,639
2,509 SOL
|
2.78 SOL
$269.84
|
6 | ||
| - |
|
CryptoUndeads
|
0.43 SOL
$41.45
|
0.0% | 23.5% | 90.8% |
|
$414,475
4,269 SOL
|
2.76 SOL
$267.78
|
6 | ||
| - |
|
The Wizards of Ord
|
0.005 BTC
$409.50
|
5.3% | 17.8% | 35.0% |
|
$1,364,855
18.00 BTC
|
0.004 BTC
$306.98
|
1 | ||
| - |
|
Tubby Cats
|
0.013 ETH
$31.24
|
0.0% | 24.3% | 31.9% |
|
$624,640
259.97 ETH
|
0.11 ETH
$261.89
|
10 | ||
| - |
|
Voxels (formerly Cryptovoxels)
|
0.014 ETH
$34.36
|
9.2% | 2.6% | 48.9% |
|
$280,349
116.68 ETH
|
0.11 ETH
$261.05
|
9 | ||
| - |
|
Bitcoin Bandits
|
0.004 BTC
$322.29
|
0.0% | 6.8% | 14.8% |
|
$165,012
2.18 BTC
|
0.004 BTC
$301.81
|
1 | ||
| - |
|
Pome Survival Companion Pet
|
0.30 BNB
$214.18
|
0.0% | 0.0% | 696.1% |
|
$643,831
901.80 BNB
|
0.35 BNB
$249.86
|
6 | ||
| - |
|
Lasogette
|
0.027 ETH
$64.63
|
244.2% | 0.0% | 189.3% |
|
$500,451
208.29 ETH
|
0.099 ETH
$238.85
|
12 | ||
| - |
|
y00ts: mint t00bs
|
5.10 SOL
$495.18
|
16.7% | 16.7% | 16.7% |
|
$315,927
3,254 SOL
|
2.46 SOL
$238.49
|
1 | ||
| - |
|
Wilder Beasts: Wolf
|
0.054 ETH
$128.54
|
0.0% | 15.1% | 15.1% |
|
$428,439
178.32 ETH
|
0.099 ETH
$237.87
|
1 | ||
| - |
|
Thetan Hero
|
1.00 BNB
$713.94
|
0.0% | 0.0% | 900.0% |
|
$254,275,458
356,158 BNB
|
0.33 BNB
$236.13
|
22 | ||
| - |
|
Retardio Cousins
|
0.58 SOL
$56.45
|
8.6% | 23.1% | 46.7% |
|
$250,866
2,584 SOL
|
2.41 SOL
$233.93
|
4 | ||
| - |
|
Drifters: Masterwork
|
0.39 SOL
$37.40
|
0.0% | 7.7% | 28.7% |
|
$312,335
3,217 SOL
|
2.38 SOL
$230.88
|
7 | ||
| - |
|
MathVerse Land
|
5.00 BNB
$3,569.70
|
0.0% | 5278.8% | 7860.7% |
|
$8,924,251
12,500 BNB
|
0.32 BNB
$227.98
|
1 | ||
| - |
|
Decentraland
|
0.032 ETH
$76.89
|
11.1% | 12.3% | 5.0% |
|
$7,581,538
3,155 ETH
|
0.092 ETH
$221.53
|
3 | ||
| - |
|
Proud Kitty Gang
|
0.50 BNB
$356.97
|
0.0% | 0.0% | 696.1% |
|
$1,772,713
2,483 BNB
|
0.31 BNB
$219.90
|
3 | ||
| - |
|
Lil' Bangers
|
0.009 ETH
$22.16
|
46.7% | 14.9% | 25.2% |
|
$123,083
51.23 ETH
|
0.090 ETH
$217.03
|
8 | ||
| - |
|
Tomorrowland: The Symbol of Love and Unity
|
2.23 SOL
$216.04
|
0.7% | 4.0% | 27.3% |
|
$1,403,603
14,456 SOL
|
2.18 SOL
$212.04
|
1 | ||
| - |
|
Solana Machines
|
0.029 SOL
$2.78
|
25.7% | 52.9% | 48.6% |
|
$9,255.44
95.32 SOL
|
2.14 SOL
$208.26
|
24 | ||
| - |
|
Parallel Avatars
|
0.020 ETH
$48.51
|
0.0% | 20.6% | 1.1% |
|
$533,640
222.10 ETH
|
0.087 ETH
$208.07
|
5 | ||
| - |
|
Bricktopians by Law Degree
|
0.040 ETH
$96.11
|
0.0% | 53.9% | 15.9% |
|
$800,003
332.96 ETH
|
0.085 ETH
$203.75
|
4 | ||
| - |
|
Jungle Bay
|
0.068 ETH
$163.31
|
0.4% | 3.5% | 42.8% |
|
$907,032
377.51 ETH
|
0.083 ETH
$199.90
|
2 | ||
| - |
|
Monke
|
0.34 SOL
$33.38
|
17.3% | 28.5% | 28.5% |
|
$11,182.86
115.17 SOL
|
2.01 SOL
$195.15
|
6 | ||
| - |
|
$DOG | Ordinals - SZN II B9-450x
|
0.004 BTC
$303.33
|
0.0% | 111.6% | 67.4% |
|
$0.00
0 BTC
|
0.003 BTC
$227.50
|
1 | ||
| - |
|
Oblivion by Nullish
|
0.005 BTC
$370.82
|
0.0% | 29.1% | 33.9% |
|
$205,436
2.71 BTC
|
0.003 BTC
$227.50
|
1 | ||
| - |
|
DogePunks
|
0.0004 BTC
$26.54
|
45.8% | 0.0% | 16.7% |
|
$265,415
3.50 BTC
|
0.003 BTC
$227.42
|
11 | ||
| - |
|
Fomojis 2.0
|
0.002 BTC
$150.15
|
0.0% | 15.7% | 5.9% |
|
$301,649
3.98 BTC
|
0.003 BTC
$225.98
|
1 | ||
| - |
|
Zinu's Zombie Mob Secret Society
|
0.11 ETH
$273.43
|
217.0% | 184.5% | 195.0% |
|
$2,734,273
1,138 ETH
|
0.080 ETH
$192.22
|
2 | ||
| - |
|
Moon Rollers | moonroll.io
|
0.55 SOL
$53.29
|
0.0% | 2.0% | 82.8% |
|
$236,823
2,439 SOL
|
1.90 SOL
$184.52
|
2 | ||
| - |
|
FGDNFT
|
0.44 BNB
$314.54
|
0.0% | 0.0% | 0.0% |
|
$2,408,401
3,373 BNB
|
0.25 BNB
$181.96
|
- | ||
| - |
|
YuliOriginGenOne
|
500.00 BNB
$356,970
|
0.0% | 0.0% | 38.9% |
|
$2,581,607,195
3,616,000 BNB
|
0.25 BNB
$180.83
|
5 | ||
| - |
|
Wrapped Strikers
|
0.090 ETH
$216.24
|
130.8% | 157.2% | 5.9% |
|
$1,037,750
431.91 ETH
|
0.075 ETH
$180.20
|
3 | ||
| - |
|
KILLABEARS
|
0.041 ETH
$97.74
|
0.7% | 11.5% | 9.3% |
|
$325,774
135.59 ETH
|
0.075 ETH
$180.20
|
1 | ||
| - |
|
Cigawrette Packs
|
0.005 ETH
$12.45
|
56.8% | 32.0% | 56.8% |
|
$124,435
51.79 ETH
|
0.075 ETH
$179.79
|
18 | ||
| - |
|
$DOG | Ordinals - SZN I Genesis
|
0.004 BTC
$295.75
|
0.0% | 2.5% | 11.7% |
|
$1,626,614
21.45 BTC
|
0.003 BTC
$208.54
|
1 | ||
| - |
|
PoorTraits
|
0.0002 BTC
$15.17
|
4.8% | 20.0% | 23.1% |
|
$0.00
0 BTC
|
0.003 BTC
$207.02
|
13 | ||
| - |
|
$DOG | Genesis
|
0.004 BTC
$295.75
|
0.0% | 2.5% | 11.7% |
|
$1,626,614
21.45 BTC
|
0.003 BTC
$208.54
|
1 | ||
| - |
|
Queens+Kings
|
0.019 ETH
$45.65
|
0.0% | 0.0% | 45.0% |
|
$314,948
131.08 ETH
|
0.070 ETH
$168.19
|
1 | ||
| - |
|
Kanpai Pandas
|
0.019 ETH
$45.82
|
0.0% | 18.5% | 59.4% |
|
$404,403
168.31 ETH
|
0.070 ETH
$167.75
|
3 | ||
| - |
|
Zaibatsu Wagies
|
0.025 ETH
$59.41
|
15.4% | 67.9% | 70.2% |
|
$59,407
24.73 ETH
|
0.070 ETH
$167.23
|
4 | ||
| - |
|
Planets
|
0.003 BTC
$195.30
|
0.0% | 22.9% | 102.6% |
|
$0.00
0 BTC
|
0.003 BTC
$195.30
|
1 | ||
| - |
|
Peepos
|
0.003 BTC
$227.50
|
0.0% | 40.0% | 40.0% |
|
$95,549
1.26 BTC
|
0.003 BTC
$191.86
|
2 | ||
| - |
|
Runestone
|
0.001 BTC
$105.26
|
0.0% | 3.7% | 28.6% |
|
$11,830,771
156.01 BTC
|
0.003 BTC
$192.62
|
2 | ||
| - |
|
God Hates NFTees
|
0.018 ETH
$44.25
|
0.0% | 21.6% | 43.9% |
|
$222,200
92.48 ETH
|
0.068 ETH
$162.66
|
4 | ||
| - |
|
The Royals
|
0.0004 BTC
$28.44
|
0.0% | 3.0% | 3.8% |
|
$286,648
3.78 BTC
|
0.002 BTC
$188.14
|
7 | ||
| - |
|
Bitcoin Philately
|
0.0007 BTC
$50.81
|
16.2% | 9.5% | 21.2% |
|
$0.00
0 BTC
|
0.002 BTC
$182.00
|
1 | ||
| - |
|
Sensei
|
0.57 SOL
$55.06
|
0.0% | 19.4% | 22.0% |
|
$183,523
1,890 SOL
|
1.57 SOL
$152.63
|
3 | ||
| - |
|
Trump Digital Trading Cards Series 2
|
0.004 ETH
$9.86
|
7.7% | 6.4% | 20.6% |
|
$463,203
192.78 ETH
|
0.063 ETH
$150.94
|
11 | ||
| - |
|
NinjaPets (NinjaFT)
|
0.10 BNB
$74.66
|
0.0% | 0.0% | 0.0% |
|
$0.00
0 BNB
|
0.21 BNB
$148.91
|
- | ||
| - |
|
Bulltoshi
|
0.083 SOL
$8.09
|
2.4% | 45.2% | 81.9% |
|
$62,918
648.01 SOL
|
1.53 SOL
$148.09
|
17 | ||
| - |
|
BASC Collection
|
0.30 SOL
$29.29
|
0.4% | 0.2% | 30.1% |
|
$290,429
2,991 SOL
|
1.52 SOL
$147.58
|
2 | ||
| - |
|
Cyber Frogs
|
0.68 SOL
$66.31
|
0.5% | 1.6% | 27.2% |
|
$536,295
5,523 SOL
|
1.52 SOL
$147.10
|
2 | ||
| - |
|
RatBoy NFTs
|
0.060 BNB
$42.84
|
0.0% | 0.0% | 0.0% |
|
$85,673
120.00 BNB
|
0.20 BNB
$146.31
|
- | ||
| - |
|
Collector Crypt
|
0.083 SOL
$8.08
|
0.0% | 0.0% | 55.6% |
|
$575,537
5,928 SOL
|
1.50 SOL
$145.64
|
2 | ||
| - |
|
Kreechures
|
0.65 SOL
$63.38
|
0.0% | 6.7% | 6.7% |
|
$252,076
2,596 SOL
|
1.50 SOL
$145.64
|
1 | ||
| - |
|
VOX Collectibles
|
0.019 ETH
$45.65
|
140.6% | 140.5% | 140.5% |
|
$405,657
168.83 ETH
|
0.060 ETH
$144.64
|
18 | ||
| - |
|
Bitcoin Frogs
|
0.004 BTC
$303.33
|
29.0% | 11.1% | 17.3% |
|
$3,033,313
40.00 BTC
|
0.002 BTC
$167.00
|
1 | ||
| - |
|
Yuna Revelation BRC2.0
|
0.0008 BTC
$60.59
|
0.0% | 0.0% | 39.5% |
|
$0.00
0 BTC
|
0.002 BTC
$166.38
|
4 | ||
| - |
|
Forgotten Runes Wizards Cult
|
0.036 ETH
$85.42
|
0.0% | 0.1% | 19.0% |
|
$795,223
330.97 ETH
|
0.059 ETH
$140.92
|
2 | ||
| - |
|
CyberBrokers
|
0.041 ETH
$97.55
|
15.4% | 56.7% | 1.5% |
|
$975,496
406.00 ETH
|
0.058 ETH
$139.35
|
2 | ||
| - |
|
Froganas
|
Buy
|
0.49 SOL
$47.53
|
15.7% | 37.3% | 6.3% |
|
$264,016
2,719 SOL
|
1.43 SOL
$138.70
|
2 | |
| - |
|
dePioneers
|
2.14 SOL
$207.78
|
0.0% | 0.0% | 0.0% |
|
$2,077,828
21,400 SOL
|
1.43 SOL
$138.85
|
1 | ||
| - |
|
Smol Brain
|
0.015 ETH
$34.84
|
110.4% | 142.5% | 272.8% |
|
$370,863
154.35 ETH
|
0.057 ETH
$137.96
|
7 | ||
| - |
|
AILU
|
0.002 BTC
$182.00
|
14.0% | 17.0% | 4.8% |
|
$382,197
5.04 BTC
|
0.002 BTC
$159.25
|
1 | ||
| - |
|
Lives of Asuna
|
0.010 ETH
$23.18
|
0.0% | 0.0% | 2.6% |
|
$231,764
96.46 ETH
|
0.056 ETH
$134.33
|
7 | ||
| - |
|
Broker Punks
|
0.006 ETH
$14.18
|
9.1% | 43.6% | 64.6% |
|
$49,219
20.48 ETH
|
0.055 ETH
$132.47
|
8 | ||
| - |
|
ThorGuards
|
0.030 ETH
$72.08
|
156.8% | 100.0% | 7.2% |
|
$720,161
299.73 ETH
|
0.055 ETH
$131.89
|
6 | ||
| - |
|
daily.xyz
|
0.050 ETH
$120.11
|
0.0% | 4.1% | 257.3% |
|
$383,154
159.47 ETH
|
0.055 ETH
$132.15
|
1 | ||
| - |
|
JITO CABAL
|
1.82 SOL
$176.60
|
1.2% | 3.2% | 5.9% |
|
$120,091
1,237 SOL
|
1.35 SOL
$131.18
|
1 | ||
| - |
|
OCM Katoshi Prime by OnChainMonkey®
|
0.001 BTC
$88.39
|
0.0% | 22.3% | 26.6% |
|
$0.00
0 BTC
|
0.002 BTC
$151.67
|
1 | ||
| - |
|
NodeRocks
|
0.0004 BTC
$34.05
|
0.0% | 49.7% | 124.5% |
|
$340,489
4.49 BTC
|
0.002 BTC
$151.67
|
1 | ||
| - |
|
Owltopia
|
0.82 SOL
$79.37
|
2.5% | 2.5% | 23.1% |
|
$27,223
280.37 SOL
|
1.31 SOL
$127.65
|
3 | ||
| - |
|
Moonbirds Oddities
|
0.064 ETH
$153.77
|
0.0% | 1.5% | 1.6% |
|
$930,018
387.07 ETH
|
0.052 ETH
$123.98
|
1 | ||
| - |
|
Nakamigos CLOAKS
|
0.009 ETH
$21.55
|
0.0% | 2.4% | 32.5% |
|
$431,092
179.42 ETH
|
0.051 ETH
$123.31
|
6 | ||
| - |
|
RTFKT BONUS ITEMS
|
1.50 ETH
$3,604.05
|
40.0% | 7592.3% | 7475.8% |
|
$2,324,612
967.50 ETH
|
0.050 ETH
$120.62
|
2 | ||
| - |
|
SolanaBrokers
|
0.060 SOL
$5.82
|
2.8% | 34.1% | 64.5% |
|
$19,379.49
199.59 SOL
|
1.24 SOL
$120.52
|
25 | ||
| - |
|
2048 by Harto
|
0.0005 BTC
$36.25
|
0.0% | 0.2% | 36.6% |
|
$0.00
0 BTC
|
0.002 BTC
$137.94
|
3 | ||
| - |
|
THE SHIBOSHIS
|
0.056 ETH
$133.59
|
0.0% | 0.0% | 24.1% |
|
$1,335,768
555.94 ETH
|
0.049 ETH
$117.40
|
1 | ||
| - |
|
GOATS
|
0.14 SOL
$14.01
|
4.8% | 22.4% | 41.7% |
|
$19,891.43
204.87 SOL
|
1.19 SOL
$115.57
|
3 | ||
| - |
|
TOPIA Worlds
|
0.033 ETH
$79.25
|
10.0% | 17.5% | 10.9% |
|
$792,427
329.81 ETH
|
0.048 ETH
$115.33
|
2 | ||
| - |
|
merge
|
0.035 ETH
$84.09
|
16.5% | 16.7% | 54.5% |
|
$1,737,645
723.21 ETH
|
0.048 ETH
$115.57
|
1 | ||
| - |
|
WPNZ
|
0.001 BTC
$75.83
|
0.0% | 16.7% | 16.7% |
|
$0.00
0 BTC
|
0.002 BTC
$132.71
|
1 | ||
| - |
|
Shinigami: The Underworld
|
0.091 SOL
$8.83
|
9.5% | 14.7% | 7.5% |
|
$29,442
303.23 SOL
|
1.16 SOL
$112.75
|
13 | ||
| - |
|
Primals
|
0.17 SOL
$16.92
|
10.4% | 16.8% | 16.8% |
|
$56,218
579.00 SOL
|
1.16 SOL
$112.95
|
8 | ||
| - |
|
Non Fungible Tokens
|
0.40 SOL
$38.82
|
14.7% | 26.5% | 15.0% |
|
$129,401
1,333 SOL
|
1.15 SOL
$111.79
|
3 | ||
| - |
|
Adam Bomb Squad
|
0.020 ETH
$48.05
|
0.0% | 37.9% | 0.0% |
|
$1,201,350
500.00 ETH
|
0.046 ETH
$110.04
|
4 | ||
| - |
|
Nyan Balloon
|
0.013 ETH
$30.60
|
1.0% | 70.5% | 31.6% |
|
$404,382
168.30 ETH
|
0.046 ETH
$109.56
|
3 | ||
| - |
|
CyberKongz Genkai (Ethereum)
|
0.009 ETH
$21.62
|
172.1% | 172.8% | 82.3% |
|
$290,782
121.02 ETH
|
0.044 ETH
$106.86
|
7 | ||
| - |
|
NOMOS
|
0.0008 BTC
$59.90
|
97.5% | 1.0% | 148.6% |
|
$0.00
0 BTC
|
0.002 BTC
$121.33
|
4 | ||
| - |
|
based punks
|
0.026 ETH
$62.82
|
0.0% | 7.1% | 30.3% |
|
$314,113
130.73 ETH
|
0.043 ETH
$102.36
|
2 | ||
| - |
|
Rune Pups
|
0.0005 BTC
$39.43
|
0.0% | 10.6% | 10.6% |
|
$425,010
5.60 BTC
|
0.002 BTC
$119.82
|
4 | ||
| - |
|
Portals
|
0.14 SOL
$13.89
|
0.0% | 16.4% | 37.1% |
|
$208,345
2,146 SOL
|
1.03 SOL
$100.37
|
2 | ||
| - |
|
Lil Peepos
|
0.005 BTC
$379.16
|
0.0% | 66.7% | 0.0% |
|
$159,249
2.10 BTC
|
0.002 BTC
$117.54
|
1 | ||
Featured NFT Articles
What Are NFTs?
A non-fungible token (NFT) is a digital asset or a unique identifier that assigns, links, or proves ownership of unique physical and digital goods. These goods can be anything ranging from artwork, music, digital real estate, or videos. In simple terms, NFTs are unique crypto tokens managed on a blockchain and they can be considered as modern-day collectibles. Each NFT is coded with a unique ID and other metadata that are impossible to replicate on other tokens. The blockchain acts as a decentralized ledger that is used to track the transaction history and ownership of the NFT, and this makes it difficult to be counterfeited or altered. Any digital object can become an NFT and anyone can make an NFT. To convert a digital object to an NFT, you just need to mint or put the object on the blockchain as a token and put the digital artwork for sale. NFT creators can choose to attach a commission to the file and get paid for every sale or resale of the file.
What is a NFT floor price?
Floor price refers to the lowest price for an NFT collection that someone can buy directly from the market. You can now track market data for NFT collections using our new NFT Data API.
How to Calculate NFT Floor Prices?
NFT floor price is the lowest price an individual is willing to sell an NFT for. Alternatively, the NFT floor price can also be the lowest amount of ETH a person is able to spend to own an NFT or become a member of an NFT project. NFT floor price is often determined and set by the owner of the NFT. The seller can decide to choose a floor price that is less than that of other similar NFTs within the NFT project. Knowing how to calculate the floor price of an NFT will save you the trouble of making a bad investment. In most cases, NFT investors use the floor price to determine the rarity of an NFT and find out if the NFT project has the chance of appreciating in value. The major determinant of the value of NFT floor price is the demand. If the NFT is in high demand, the seller will not want to sell it at a price lower than the value of other NFTs in the project. But if the reverse is the case and the demand for the NFT is low, the seller will most likely pick a low floor price in order to sell out the NFT quickly before it freezes out. As stated above, the floor price of an NFT is determined by the demand for the NFT. Below are factors that can affect the demand for an NFT and ultimately affect the floor price of NFTs: - The utility of the NFT - The uniqueness of the product - Creator's popularity - The product appeal to a wide range of buyers - The diversity of the NFT creators
What is NFT Market Cap?
NFT market cap is the total value of all NFTs in a collection in circulation, calculated by multiplying the total supply of NFTs in a collection by the current floor price. It serves as a valuation indicator to compare NFT assets with each other and with other cryptocurrencies. The rank that we assign to a collection reflects its position across all NFT collections in all the chains that we are tracking, hence you can consider it as a global market cap ranking.
How Do NFTs Differ From Cryptocurrencies?
Cryptocurrencies are identical to each other and can serve as a medium of commercial exchange, NFTs on the other hand, cannot be exchanged or traded at equivalency. This is because they are not identical to each other. Fungible items like cryptocurrency and fiat money can be exchanged with one another without losing value because their value is not tied to their uniqueness. An example of a fungible item is a dollar bill. Every $1 bill has the same value, so exchanging one bill with another bill that has a different serial number will in no way reduce the value of the $1 bill. The reverse is the case with NFTs. Each token is unique and is not always worth the same amount as other similar tokens.
Why Do NFTs Have Value?
The primary reason for NFT value is that each token is unique and cannot be interchanged. NFTs are also valuable because they help verify the authenticity and ownership of a non-fungible asset. Even though these digital assets may be duplicated, the original is unique and irreplaceable. Plainly put, the value of NFTs is tied to the non-fungibility of the tokens. Unlike fungible tokens, NFTs cannot be broken down into smaller units. Fungible tokens such as bitcoin are divisible into smaller units. For instance, bitcoin can be split into Satoshi. The implication of this is that even though an NFT asset can be copied, the digital certificate of ownership that can be bought or sold along with the artwork can't be duplicated. Only the original asset has the ownership certificate. So while other people may have access to the asset, none of them can claim ownership of it. Even though the NFTs are virtual, the fact that their ownership and authenticity can be verified makes them valuable.
What are NFTs Used For?
NFT buyers can choose to do whatever they like with their NFT after purchase. In most cases, the use of the NFT is dependent on what type of NFT it is.
Some may choose to hold NFTs that they believe will have long-term value, while others may sell their NFTs after buying just to make some profit. Savvy NFT traders take advantage of price fluctuations and actively trade NFTs to generate profit.
On the other hand, some NFT buyers like art collectors are not interested in reselling the NFT. They buy NFTs because they like collecting them. This group of buyers derive joy from knowing that they are the sole owners of certain digital assets.
Also, the importance and uses of NFTs keeps increasing as more categories are being discovered.
Below are some things you can use NFTs for:
1. Verifying the Authenticity of Products
NFTs are used to store information regarding the manufacturing process and ownership of a product on the blockchain.
This information cannot be tampered with or duplicated.
The fact that all this information about a product can be accessed easily helps to solve the problem of the circulation of fake copies of a product.
2. Gaming Industry
The uses of NFTs in the gaming industry cannot be overemphasized. Game developers use NFTs to create a constant stream of revenue by having gamers buy and trade in-game NFT items.
The use of NFTs in the gaming industry also enables gamers to make easier and safer transactions devoid of middlemen within the blockchain.
3. Intellectual Property and Patents
You can use NFTs to protect intellectual property and patents and also prove your ownership of any piece of digital content.
The traditional IP right tools like trademarks and copyrights are not as efficient as NFTs when it comes to protecting and proving the real ownership of a piece of content.
With NFTs, the creator of content can prove that he is the original creator of a digital asset at any given time.
4. Utility in the Metaverse
NFTs play a leading role in shaping the virtual reality future like the metaverse.
Literally, every item sold in the metaverse is an NFT. Transactions are already being made in the metaverse using NFT coins.
The future avatar of every metaverse user is also an NFT.
How to Mint NFTs
Anyone can mint NFTs. This minting can be done on many of the available NFT marketplaces like OpenSea, SuperRare, and Rarible.
Because many of these marketplaces are only available on the Ethereum network, you must have Ethereum's native currency Ether, and a wallet compatible with the Ethereum network to be able to mint NFTs.
The process of minting NFTs in each marketplace may be slightly different, but they are similar. The major difference in the minting process is the fees charged by each marketplace.
The minting steps below are applicable to most marketplaces:
Step 1: Create a Crypto Exchange Account.
You will need Ether in your wallet to pay the minting fee.
Step 2: Create a Crypto Wallet
To get started with the minting process you need to open a crypto wallet and connect it to the NFT Marketplace.
If you are using a wallet like Coinbase or MetaMask, you may be asked to connect your wallet through a QR code scanner on your smartphone or download the wallet to your computer.
Step 3: Send Ether to your Wallet
After setting up your wallet, the next thing to do is to send Ether from your exchange to your wallet.
In most cases, you will be able to send crypto to a wallet with a public address.
Your wallet's public address will always be visible when you open your wallet plugin on the browser or on your smartphone.
Step 4: Connect Your Wallet
After opening your wallet, go to the website of the platform you are using and click on the profile option.
When you do this, you will see an option for connecting your wallet to the marketplace.
Select the option.
Once the wallet is connected and your marketplace profile has been created, you will need to complete your profile by entering a username and your email address to verify your account.
Your profile can include information such as what type of crypto you accept as payment, your website, and social media link, and some information about yourself.
Step 5: Mint Your NFT
After opening your wallet, go to the website of the platform you are using and click on the profile option.
When you do this, you will see an option for connecting your wallet to the marketplace.
Select the option.
Once the wallet is connected and your marketplace profile has been created, you will need to complete your profile by entering a username and your email address to verify your account.
Your profile can include information such as what type of crypto you accept as payment, your website, and social media link, and some information about yourself.
Step 6: Sell Your NFT
After creating your NFT, you will need to list it for sale.
To do this, click on the "Sell" option on your NFT page. You will be redirected to a new page where you can choose to sell your NFT for a fixed price or auction it.
If you are selling at a fixed price, set the price you want to sell at, then complete the listing.
Before finally listing your NFT for sale, your platform may ask you to initialize your wallet. You will also need to confirm the selling price through your wallet.
Once this is done, your NFT has been minted and is ready for sale.