Top NFT Collection Prices Ranked by 24H Trading Volume
# | NFT | Floor Price | 24h% | Last 7 Days | Market Cap | 24h Volume | 24h Sales | 24h Owners | |||
---|---|---|---|---|---|---|---|---|---|---|---|
3901 |
RAFA Genesis
Ethereum
|
0.010 ETH
$30.75
|
0.0% |
58.20 ETH
$184,512
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3902 |
YOLO Fantasy
Ethereum
|
0.009 ETH
$27.59
|
0.0% |
29.00 ETH
$91,942
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3903 |
Saiba Valkyries
Ethereum
|
0.003 ETH
$9.51
|
0.0% |
2.66 ETH
$8,445.72
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3904 |
AGame3DNFT
BNB Smart Chain
|
0.12 BNB
$70.19
|
0.7% |
326.61 BNB
$196,455
|
0 BNB
$0.00
|
0 | 0.0% | ||||
3905 |
𝚃𝙷𝙴 𝙸𝙽𝚂𝙸𝙳𝙴𝚁𝚂
Bitcoin
|
0.002 BTC
$142.62
|
0.0% |
0.45 BTC
$28,524
|
0 BTC
$0.00
|
0 | 0.0% | ||||
3906 |
TerrapinGenesisNFT
Ethereum
|
0.065 ETH
$205.74
|
0.0% |
21.61 ETH
$68,512
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3907 |
NovaNauts
Arbitrum One
|
0.002 ETH
$6.34
|
0.0% |
11.11 ETH
$35,222
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3908 |
AINightbirds
Ethereum
|
0.006 ETH
$20.60
|
0.0% |
64.98 ETH
$206,018
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3909 |
Zimmy Raiders
Ethereum
|
0.004 ETH
$11.10
|
0.0% |
18.21 ETH
$57,744
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3910 |
OFFICIAL KREEPY CLUB
Ethereum
|
0.005 ETH
$16.80
|
0.0% |
52.97 ETH
$167,943
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3911 |
Poolside Music
Ethereum
|
0.20 ETH
$634.06
|
0.0% |
18.40 ETH
$58,334
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3912 |
Girlies NFT
Ethereum
|
0.010 ETH
$31.07
|
0.0% |
97.99 ETH
$310,659
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3913 |
Leveling Up Heroes - Profile Pictures
Ethereum
|
0.0000 ETH
$0.00317032
|
0.0% |
0.012 ETH
$39.13
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3914 |
Meka Rhinos
Ethereum
|
0.0010 ETH
$3.17
|
0.0% |
3.21 ETH
$10,173.55
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3915 |
Ground Truths by Sougwen Chung
Ethereum
|
0.60 ETH
$1,902.19
|
0.0% |
29.40 ETH
$93,207
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3916 |
Sprotoladys
Ethereum
|
0.010 ETH
$31.70
|
20.0% |
44.44 ETH
$140,889
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3917 |
KILLABITS
Ethereum
|
0.11 ETH
$332.88
|
0.0% |
349.97 ETH
$1,109,500
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3918 |
MegaPunksPOP
Ethereum
|
0.007 ETH
$22.19
|
0.0% |
70.00 ETH
$221,914
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3919 |
Solitaire by Terrell Jones
Ethereum
|
0.69 ETH
$2,200.75
|
0.0% |
69.42 ETH
$220,075
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3920 |
The Picaroons
Ethereum
|
0.005 ETH
$14.58
|
0.0% |
46.00 ETH
$145,829
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3921 |
Pepe Dreams
Ethereum
|
0.001 ETH
$3.17
|
0.0% |
5.00 ETH
$15,853.90
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3922 |
OneOnesNFT
Ethereum
|
0.001 ETH
$3.17
|
0.0% |
6.56 ETH
$20,810
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3923 |
josh pan's music
Ethereum
|
0.15 ETH
$475.53
|
0.0% |
11.25 ETH
$35,665
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3924 |
CryptoHippos Official
Ethereum
|
0.005 ETH
$17.40
|
0.0% |
54.89 ETH
$174,019
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3925 |
BoringPunks
Ethereum
|
0.004 ETH
$11.10
|
0.0% |
35.00 ETH
$110,957
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3926 |
StarryNift
Ethereum
|
0.050 ETH
$158.51
|
0.0% |
7.00 ETH
$22,191
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3927 |
Brotchain
Ethereum
|
0.16 ETH
$507.25
|
14.2% |
81.44 ETH
$258,191
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3928 |
The Lockeys
Ethereum
|
0.044 ETH
$139.49
|
0.0% |
154.00 ETH
$488,211
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3929 |
Big Bear Syndicate
Ethereum
|
0.036 ETH
$114.12
|
7.7% |
180.00 ETH
$570,620
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3930 |
0xOG Pass by 0xStudio
Ethereum
|
0.043 ETH
$136.32
|
0.0% |
21.41 ETH
$67,887
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3931 |
ERC721DogelonAI
Ethereum
|
0.005 ETH
$15.82
|
0.0% |
15.18 ETH
$48,138
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3932 |
Who is Banksy
Ethereum
|
0.012 ETH
$38.04
|
0.0% |
11.99 ETH
$38,004
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3933 |
Clay Friends
Ethereum
|
0.012 ETH
$38.04
|
0.0% |
59.99 ETH
$190,180
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3934 |
CREYZIES
Ethereum
|
0.016 ETH
$50.72
|
10.1% |
159.41 ETH
$505,374
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3935 |
Innermost by Brian Morris
Avalanche
|
1.00 AVAX
$34.85
|
0.0% |
555.00 AVAX
$19,344.03
|
0 AVAX
$0.00
|
0 | 0.0% | ||||
3936 |
ARCStellars
Ethereum
|
3.47 ETH
$10,997.42
|
0.0% |
2,966 ETH
$9,402,797
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3937 |
Golden Smol
Avalanche
|
0.50 AVAX
$17.43
|
0.0% |
67.00 AVAX
$2,335.23
|
0 AVAX
$0.00
|
0 | 0.0% | ||||
3938 |
Dope Wars Hustlers
Optimism
|
0.0003 ETH
$0.792550
|
0.0% |
7.33 ETH
$23,228
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3939 |
GOOP TROOP
Ethereum
|
0.009 ETH
$28.53
|
0.0% |
89.78 ETH
$284,605
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3940 |
Yokai Avengers
Bitcoin
|
0.014 BTC
$855.67
|
0.0% |
8.94 BTC
$566,455
|
0 BTC
$0.00
|
0 | 0.0% | ||||
3941 |
CHONKY CATS
Stargaze
|
7.00 STARS
$0.133307
|
0.0% |
29,715 STARS
$565.89
|
0 STARS
$0.00
|
0 | 0.2% | ||||
3942 |
Villagers of XOLO
Ethereum
|
0.015 ETH
$46.92
|
0.0% |
0 ETH
$0.00
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3943 |
Starfish
Stargaze
|
24.00 STARS
$0.457052
|
0.0% |
36,816 STARS
$701.12
|
0 STARS
$0.00
|
0 | 0.0% | ||||
3944 |
Taiyo Robotics
Solana
|
11.14 SOL
$1,511.83
|
10.2% |
23,628 SOL
$3,206,595
|
0 SOL
$0.00
|
0 | 0.1% | ||||
3945 |
Half BAYCD
Ethereum
|
0.005 ETH
$16.17
|
1.9% |
35.54 ETH
$112,675
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3946 |
CYBER PUPZ
Stargaze
|
8.00 STARS
$0.152351
|
0.0% |
5,000 STARS
$95.22
|
0 STARS
$0.00
|
0 | 0.0% | ||||
3947 |
Project MIP Network
Ethereum
|
0.003 ETH
$7.93
|
0.0% |
25.91 ETH
$82,124
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3948 |
Crypto Scientists Club
Ethereum
|
0.17 ETH
$534.97
|
0.0% |
82.69 ETH
$262,136
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3949 |
Fox Game Official
Ethereum
|
0.090 ETH
$285.32
|
0.0% |
1,668 ETH
$5,287,228
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3950 |
Ordinal Drops
Ethereum
|
0.010 ETH
$31.70
|
0.0% |
2.56 ETH
$8,115.71
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3951 |
Aww Friends x Reddit Collectible Avatars
Polygon POS
|
0.003 ETH
$9.51
|
20.0% |
3,062 ETH
$9,705,995
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3952 |
uwucrew
Ethereum
|
0.028 ETH
$90.35
|
0.0% |
275.59 ETH
$873,661
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3953 |
CHIBI DINOS
Ethereum
|
0.005 ETH
$17.43
|
0.0% |
54.98 ETH
$174,294
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3954 |
Grails IV: Mint Pass
Ethereum
|
0.35 ETH
$1,109.57
|
0.0% |
80.85 ETH
$256,311
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3955 |
Astro Boy Red Boots - TCOM of ACG Worlds
Ethereum
|
0.024 ETH
$76.08
|
0.0% |
56.98 ETH
$180,625
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3956 |
Taproot Punks
Bitcoin
|
0.0007 BTC
$46.87
|
6.4% |
7.39 BTC
$468,655
|
0 BTC
$0.00
|
0 | 0.4% | ||||
3957 |
INNOCENTCATS NFT
Ethereum
|
0.007 ETH
$21.56
|
0.0% |
61.34 ETH
$194,469
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3958 |
Inpeak Genesis
Ethereum
|
0.080 ETH
$253.30
|
0.0% |
28.76 ETH
$91,188
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3959 |
Pootopia
Ethereum
|
0.090 ETH
$285.32
|
0.0% |
499.86 ETH
$1,584,656
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3960 |
Moon Shadow
Avalanche
|
0.88 AVAX
$30.72
|
0.0% |
264.00 AVAX
$9,217.10
|
0 AVAX
$0.00
|
0 | 0.0% | ||||
3961 |
DVI 721
Polygon POS
|
0.039 ETH
$123.64
|
0.0% |
184.67 ETH
$585,425
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3962 |
Apetimism
Optimism
|
0.017 ETH
$52.33
|
0.0% |
65.98 ETH
$209,248
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3963 |
Mija on Soundxyz
Ethereum
|
0.36 ETH
$1,141.27
|
0.0% |
54.00 ETH
$171,191
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3964 |
LostSoulsSanctuary
Ethereum
|
0.007 ETH
$21.87
|
0.0% |
68.97 ETH
$218,637
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3965 |
Clementines Nightmare
Ethereum
|
0.018 ETH
$58.65
|
3.6% |
92.48 ETH
$293,169
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3966 |
The Final Pattern by Nullish
Bitcoin
|
0.003 BTC
$159.73
|
1.2% |
5.10 BTC
$323,444
|
0 BTC
$0.00
|
0 | 0.1% | ||||
3967 |
"nine" by Riddler
Stargaze
|
502.00 STARS
$9.56
|
0.0% |
630,010 STARS
$11,997.80
|
0 STARS
$0.00
|
0 | 0.0% | ||||
3968 |
KingFrogs
Ethereum
|
0.002 ETH
$6.02
|
0.0% |
29.73 ETH
$94,258
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3969 |
Cupcat NFT
Ethereum
|
0.015 ETH
$47.55
|
0.0% |
75.36 ETH
$238,906
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3970 |
The Feline Experiment
Ethereum
|
0.004 ETH
$12.68
|
0.0% |
11.94 ETH
$37,852
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3971 |
Quantum Key
Ethereum
|
0.007 ETH
$21.56
|
0.0% |
7.32 ETH
$23,196
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3972 |
KlayDino Baby
Klaytn
|
35.00 KLAY
$6.55
|
0.0% |
311,080 KLAY
$58,190
|
0 KLAY
$0.00
|
0 | 0.0% | ||||
3973 |
Meta-DIOs
Ethereum
|
0.020 ETH
$63.40
|
0.0% |
39.94 ETH
$126,618
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3974 |
Light Super Bunnies
Ethereum
|
0.003 ETH
$9.51
|
0.0% |
13.23 ETH
$41,937
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3975 |
The Pierrot Club
Klaytn
|
100.00 KLAY
$18.71
|
0.0% |
500,000 KLAY
$93,567
|
0 KLAY
$0.00
|
0 | 0.0% | ||||
3976 |
Blueberry Lab Items
Arbitrum One
|
0.005 ETH
$15.85
|
0.0% |
0.11 ETH
$348.72
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3977 |
Burnt Boy by Deeze x Goonz
Ethereum
|
0.030 ETH
$95.10
|
0.0% |
29.97 ETH
$95,008
|
0 ETH
$0.00
|
0 | 0.2% | ||||
3978 |
OxyaOriginProject
Ethereum
|
0.029 ETH
$91.62
|
3.3% |
228.25 ETH
$723,605
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3979 |
The Almighty Sparrows
Ethereum
|
0.060 ETH
$190.21
|
0.0% |
46.62 ETH
$147,795
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3980 |
YootGods
Ethereum
|
0.0003 ETH
$0.951060
|
0.0% |
3.00 ETH
$9,508.70
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3981 |
Lonely Frog Lambo Club
Ethereum
|
0.007 ETH
$21.09
|
0.0% |
66.41 ETH
$210,523
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3982 |
TSAS Mutant Series
Stargaze
|
826.00 STARS
$15.73
|
0.0% |
877,212 STARS
$16,705.47
|
0 STARS
$0.00
|
0 | 0.0% | ||||
3983 |
Old Rock
Ethereum
|
0.040 ETH
$126.33
|
0.0% |
19.93 ETH
$63,166
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3984 |
The Golden Ratio by Harto x VIVID
Bitcoin
|
0.18 BTC
$11,472.35
|
2.2% |
76.02 BTC
$4,818,386
|
0 BTC
$0.00
|
0 | 0.4% | ||||
3985 |
loose balloons by jeremy fall
Ethereum
|
0.0000 ETH
$0.00317020
|
0.0% |
0.0000 ETH
$0.01902120
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3986 |
Unidentified contract - xxOVt9BVuQ
Polygon POS
|
0.10 ETH
$317.02
|
0.0% |
0.60 ETH
$1,902.12
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3987 |
SurvivalismG
Klaytn
|
10.00 KLAY
$1.87
|
0.0% |
93,460 KLAY
$17,483.18
|
0 KLAY
$0.00
|
0 | 0.1% | ||||
3988 |
GIGA Bones
Avalanche
|
0.58 AVAX
$20.42
|
0.0% |
110.55 AVAX
$3,859.52
|
0 AVAX
$0.00
|
0 | 0.0% | ||||
3989 |
KP Machines
Ethereum
|
0.050 ETH
$158.51
|
0.0% |
55.55 ETH
$176,105
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3990 |
Cypher
Ethereum
|
0.16 ETH
$507.32
|
0.0% |
163.84 ETH
$519,492
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3991 |
Pulsquares by Arihz
Ethereum
|
0.33 ETH
$1,055.68
|
0.0% |
157.51 ETH
$499,335
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3992 |
Castle Kid By Colin Tilley
Ethereum
|
0.005 ETH
$15.85
|
0.0% |
50.00 ETH
$158,510
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3993 |
Planetary Property Association: Shuttle Passes
Ethereum
|
0.001 ETH
$3.17
|
0.0% |
0.003 ETH
$9.51
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3994 |
Galaxy Gans
Optimism
|
0.007 ETH
$21.24
|
0.0% |
7.43 ETH
$23,556
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3995 |
Mythic Cards
Ethereum
|
3.70 ETH
$11,729.74
|
0.0% |
0 ETH
$0.00
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3996 |
Piñanimals
Stargaze
|
333.00 STARS
$6.34
|
0.0% |
332,667 STARS
$6,335.25
|
0 STARS
$0.00
|
0 | 0.0% | ||||
3997 |
Just a Basic Profile Picture
Ethereum
|
0.001 ETH
$3.80
|
0.0% |
5.99 ETH
$18,979.35
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3998 |
The Stoics by Gabe Weis - thestoics.art
Ethereum
|
0.013 ETH
$42.79
|
0.0% |
67.50 ETH
$213,973
|
0 ETH
$0.00
|
0 | 0.0% | ||||
3999 |
Space Doodles
Ethereum
|
2.00 ETH
$6,340.40
|
5.3% |
13,648 ETH
$43,266,866
|
0 ETH
$0.00
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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
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.