Priser för de största NFT-samlingarna rankade efter 24 h handelsvolym
# | NFT | Minimipris | 24h% | Senaste 7 dagarna | Börsvärde | Volym 24 h | Försäljning 24h | Ägare senaste 24h | |||
---|---|---|---|---|---|---|---|---|---|---|---|
301 |
Common Wealth Genesis NFT Series 2
Ethereum
|
0,55 ETH
1 735,50 $
|
124.6% |
0 ETH
0,00 kr
|
0,83 ETH
2 634,48 $
|
3 | 2.5% | ||||
302 |
The Currency
Ethereum
|
0,81 ETH
2 573,45 $
|
0.0% |
1 638 ETH
5 172 644 $
|
0,83 ETH
2 631,56 $
|
1 | 0.1% | ||||
303 |
The Rune Guardians
Bitcoin
|
0,001 BTC
71,24 $
|
216.6% |
11,08 BTC
712 422 $
|
0,041 BTC
2 629,61 $
|
80 | 0.4% | ||||
304 |
The Magus Official
Ethereum
|
0,004 ETH
12,60 $
|
0.0% |
3,32 ETH
10 497,09 $
|
0,83 ETH
2 608,46 $
|
- | 0.0% | ||||
305 |
Looki
Ethereum
|
0,089 ETH
281,17 $
|
1.1% |
777,59 ETH
2 456 562 $
|
0,82 ETH
2 592,27 $
|
9 | 0.3% | ||||
306 |
The Buns - Hefty Hares
Ethereum
|
0,030 ETH
94,05 $
|
0.3% |
132,43 ETH
417 976 $
|
0,80 ETH
2 539,82 $
|
17 | 0.3% | ||||
307 |
ZenAcademy
Ethereum
|
0,070 ETH
220,12 $
|
0.0% |
0,14 ETH
440,25 $
|
0,80 ETH
2 533,15 $
|
2 | 0.0% | ||||
308 |
Rosentica: Starfall Travelers
Ethereum
|
0,068 ETH
214,44 $
|
2.7% |
407,98 ETH
1 286 638 $
|
0,80 ETH
2 523,60 $
|
13 | 0.0% | ||||
309 |
Quekz
Solana
|
8,05 SOL
1 186,62 $
|
4.7% |
35 581 SOL
5 244 861 $
|
17,08 SOL
2 518,08 $
|
2 | 0.1% | ||||
310 |
Sunflower Land Collectibles
Polygon POS
|
0 ETH
0,00 kr
|
0.0% |
0 ETH
0,00 kr
|
0,79 ETH
2 498,94 $
|
43 362 | 0.0% | ||||
311 |
Wild Forest Skins
Ronin
|
8,90 RON
28,54 $
|
4.1% |
52 546 RON
168 477 $
|
778,96 RON
2 497,59 $
|
0 | 0.3% | ||||
312 |
DeadFellaz
Ethereum
|
0,089 ETH
280,75 $
|
5.0% |
889,76 ETH
2 807 496 $
|
0,79 ETH
2 488,53 $
|
9 | 0.0% | ||||
313 |
Rare Sats
Bitcoin
|
0,0000 BTC
0,00064288 $
|
0.0% |
0 BTC
0,00 kr
|
0,038 BTC
2 466,19 $
|
80 | 0.7% | ||||
314 |
CyberKongz Genkai
Ronin
|
124,00 RON
397,76 $
|
3.3% |
1 147 620 RON
3 681 278 $
|
763,00 RON
2 447,51 $
|
0 | 0.4% | ||||
315 |
Decentraland
Ethereum
|
0,14 ETH
457,33 $
|
0.0% |
14 236 ETH
44 901 319 $
|
0,76 ETH
2 393,87 $
|
5 | 0.0% | ||||
316 |
Moonbirds: Mythics
Ethereum
|
0,057 ETH
180,02 $
|
20.6% |
557,04 ETH
1 759 357 $
|
0,76 ETH
2 391,21 $
|
13 | 0.1% | ||||
317 |
Deus Ex Machina by CyberSea X VIVID
Bitcoin
|
0,022 BTC
1 440,03 $
|
72.3% |
8,96 BTC
576 010 $
|
0,037 BTC
2 378,61 $
|
2 | 0.0% | ||||
318 |
YAYO NFT
Ethereum
|
0,25 ETH
789,25 $
|
0.0% |
909,89 ETH
2 873 677 $
|
0,75 ETH
2 367,76 $
|
3 | 0.1% | ||||
319 |
77-Bit
Ethereum
|
0,18 ETH
558,32 $
|
0.0% |
1 377 ETH
4 342 023 $
|
0,75 ETH
2 357,23 $
|
2 | 0.0% | ||||
320 |
Chiblings
Ethereum
|
0,040 ETH
125,63 $
|
0.3% |
263,46 ETH
831 664 $
|
0,74 ETH
2 344,46 $
|
22 | 0.1% | ||||
321 |
The Machines Arena Skins
Ronin
|
1,19 RON
3,81 $
|
14.4% |
15 823 RON
50 704 $
|
729,41 RON
2 337,31 $
|
0 | 0.8% | ||||
322 |
Taiyo Robotics
Solana
|
13,70 SOL
2 019,27 $
|
14.3% |
29 058 SOL
4 282 862 $
|
15,82 SOL
2 331,74 $
|
2 | 0.0% | ||||
323 |
MemeWhales
Ethereum
|
0,27 ETH
851,59 $
|
92.9% |
189,00 ETH
596 112 $
|
0,72 ETH
2 267,75 $
|
5 | 0.4% | ||||
324 |
Gutter Cat Gang
Ethereum
|
0,44 ETH
1 384,75 $
|
2.4% |
1 317 ETH
4 154 249 $
|
0,71 ETH
2 230,11 $
|
2 | 0.1% | ||||
325 |
Subber K3Y
Solana
|
0,46 SOL
67,85 $
|
8.2% |
4 599 SOL
678 352 $
|
15,09 SOL
2 225,20 $
|
35 | 0.1% | ||||
326 |
InfiniGods: Elder Gods
Ethereum
|
0,090 ETH
283,02 $
|
85.9% |
402,12 ETH
1 270 213 $
|
0,70 ETH
2 220,60 $
|
4 | 0.2% | ||||
327 |
BASTARD GAN PUNKS V2
Ethereum
|
0,077 ETH
242,27 $
|
18.9% |
866,39 ETH
2 736 716 $
|
0,70 ETH
2 211,28 $
|
10 | 0.1% | ||||
328 |
Akutars
Ethereum
|
0,031 ETH
99,40 $
|
1.7% |
469,61 ETH
1 483 215 $
|
0,70 ETH
2 210,88 $
|
1 | 0.0% | ||||
329 |
Lazy Lions
Ethereum
|
0,099 ETH
311,61 $
|
13.7% |
995,89 ETH
3 141 076 $
|
0,69 ETH
2 184,79 $
|
4 | 0.0% | ||||
330 |
tiny dinos (eth)
Ethereum
|
0,065 ETH
205,35 $
|
38.6% |
545,29 ETH
1 722 657 $
|
0,69 ETH
2 165,93 $
|
13 | 0.0% | ||||
331 |
Mittaria Genesis
Ethereum
|
0,19 ETH
599,75 $
|
9.7% |
421,96 ETH
1 332 655 $
|
0,68 ETH
2 161,84 $
|
4 | 0.2% | ||||
332 |
Sipherian Flash
Ethereum
|
0,044 ETH
138,96 $
|
15.5% |
440,00 ETH
1 389 645 $
|
0,68 ETH
2 147,31 $
|
9 | 0.1% | ||||
333 |
Llamaverse Genesis
Ethereum
|
0,080 ETH
252,64 $
|
9.9% |
320,00 ETH
1 010 560 $
|
0,68 ETH
2 131,65 $
|
2 | 0.0% | ||||
334 |
Aurory
Solana
|
4,00 SOL
589,57 $
|
9.1% |
39 972 SOL
5 891 539 $
|
14,20 SOL
2 092,96 $
|
2 | 0.1% | ||||
335 |
Party Bears
Ethereum
|
0,10 ETH
327,22 $
|
0.0% |
1 003 ETH
3 163 889 $
|
0,66 ETH
2 082,60 $
|
3 | 0.0% | ||||
336 |
Liberty Square: The Sinister Squirrel Syndicate
Solana
|
0,30 SOL
44,28 $
|
16.7% |
2 953 SOL
435 801 $
|
14,04 SOL
2 072,52 $
|
27 | 0.3% | ||||
337 |
Oh Ottie!
Ethereum
|
0,16 ETH
504,88 $
|
15.8% |
320,00 ETH
1 009 768 $
|
0,65 ETH
2 061,19 $
|
5 | 0.1% | ||||
338 |
Jira Fusion
Ethereum
|
0,79 ETH
2 494,94 $
|
5.3% |
716,53 ETH
2 262 909 $
|
0,65 ETH
2 052,80 $
|
1 | 0.2% | ||||
339 |
Mint Pass Tokyo | Bright Moments | MPTK
Ethereum
|
1,15 ETH
3 629,62 $
|
0.0% |
1 265 ETH
3 992 585 $
|
0,65 ETH
2 051,53 $
|
- | 96.1% | ||||
340 |
THE SECOND ASPECT OF THE NINE
Ethereum
|
1,75 ETH
5 526,91 $
|
17.4% |
141,75 ETH
447 680 $
|
0,63 ETH
2 002,00 $
|
1 | 0.0% | ||||
341 |
a KID called BEAST
Ethereum
|
0,30 ETH
931,94 $
|
0.0% |
2 950 ETH
9 318 507 $
|
0,63 ETH
1 990,25 $
|
1 | 0.1% | ||||
342 |
CitiCharacter
Ethereum
|
0,38 ETH
1 200,19 $
|
2.2% |
580,64 ETH
1 833 886 $
|
0,63 ETH
1 978,10 $
|
2 | 0.2% | ||||
343 |
Saga Monkes
Solana
|
2,60 SOL
383,22 $
|
0.0% |
23 109 SOL
3 406 044 $
|
13,40 SOL
1 975,25 $
|
2 | 0.0% | ||||
344 |
Station3 Patron
Ethereum
|
0,70 ETH
2 210,50 $
|
12.1% |
700,00 ETH
2 210 502 $
|
0,62 ETH
1 971,16 $
|
1 | 0.1% | ||||
345 |
Emby
Ethereum
|
0,32 ETH
1 000,77 $
|
4.0% |
871,48 ETH
2 752 119 $
|
0,62 ETH
1 957,96 $
|
2 | 0.2% | ||||
346 |
Sports Rollbots
Ethereum
|
0,22 ETH
697,69 $
|
1.6% |
2 211 ETH
6 976 864 $
|
0,62 ETH
1 956,43 $
|
3 | 0.9% | ||||
347 |
SanFranTokyoGenesisPass
Ethereum
|
0,34 ETH
1 072,51 $
|
8.1% |
679,78 ETH
2 145 010 $
|
0,62 ETH
1 956,38 $
|
2 | 0.0% | ||||
348 |
Valhalla
Ethereum
|
0,069 ETH
217,40 $
|
3.0% |
620,09 ETH
1 956 595 $
|
0,61 ETH
1 934,22 $
|
6 | 0.0% | ||||
349 |
Astrobot Society
Ethereum
|
0,14 ETH
441,56 $
|
34.4% |
584,22 ETH
1 842 632 $
|
0,61 ETH
1 933,25 $
|
4 | 0.1% | ||||
350 |
KnownOrigin
Ethereum
|
0,0005 ETH
1,58 $
|
11.1% |
109,65 ETH
346 255 $
|
0,61 ETH
1 921,87 $
|
14 | 0.1% | ||||
351 |
MAX PAIN AND FRENS BY XCOPY
Ethereum
|
0,60 ETH
1 891,64 $
|
0.8% |
4 174 ETH
13 182 856 $
|
0,60 ETH
1 894,77 $
|
1 | 0.0% | ||||
352 |
MetaZellys Unique (ETH)
Ethereum
|
0,70 ETH
2 208,42 $
|
0.0% |
775,49 ETH
2 446 932 $
|
0,60 ETH
1 893,20 $
|
1 | 0.0% | ||||
353 |
Mintify Genesis
Ethereum
|
0,14 ETH
442,21 $
|
2.8% |
820,55 ETH
2 592 255 $
|
0,59 ETH
1 848,12 $
|
5 | 0.1% | ||||
354 |
Elemental Runes
Bitcoin
|
0,0006 BTC
38,59 $
|
71.4% |
4,14 BTC
266 274 $
|
0,029 BTC
1 836,90 $
|
48 | 1.2% | ||||
355 |
Portals
Solana
|
12,85 SOL
1 895,20 $
|
0.4% |
64 237 SOL
9 474 120 $
|
12,25 SOL
1 806,50 $
|
1 | 0.1% | ||||
356 |
Wild Forest Units
Ronin
|
0,70 RON
2,24 $
|
10.3% |
54 390 RON
174 272 $
|
560,17 RON
1 794,85 $
|
0 | 1.1% | ||||
357 |
Founders’ collection Citizen Zero
Ethereum
|
0,16 ETH
505,28 $
|
14.4% |
355,52 ETH
1 122 725 $
|
0,55 ETH
1 749,85 $
|
4 | 0.3% | ||||
358 |
AltLayer OG Badge
Ethereum
|
0,90 ETH
2 840,40 $
|
26.8% |
359,98 ETH
1 136 159 $
|
0,55 ETH
1 737,16 $
|
1 | 0.0% | ||||
359 |
Bitcoin Whales
Bitcoin
|
0,002 BTC
108,67 $
|
2.4% |
16,90 BTC
1 086 661 $
|
0,027 BTC
1 722,68 $
|
16 | 0.3% | ||||
360 |
Gh0stly Gh0sts
Ethereum
|
0,14 ETH
454,86 $
|
2.9% |
963,50 ETH
3 043 472 $
|
0,54 ETH
1 721,20 $
|
4 | 0.1% | ||||
361 |
Bored Ape Solana Club
Solana
|
1,55 SOL
228,11 $
|
8.3% |
9 280 SOL
1 367 536 $
|
11,55 SOL
1 702,45 $
|
4 | 0.0% | ||||
362 |
Pudgy Milady
Ethereum
|
0,039 ETH
123,00 $
|
9.6% |
316,28 ETH
997 554 $
|
0,54 ETH
1 696,06 $
|
17 | 0.3% | ||||
363 |
Synclub's SnBNB Early Adopters
BNB Smart Chain
|
1,00 BNB
608,37 $
|
0.0% |
25 364 BNB
15 430 609 $
|
2,75 BNB
1 672,32 $
|
38 | 0.1% | ||||
364 |
Gods
Solana
|
1,70 SOL
250,98 $
|
0.0% |
11 329 SOL
1 672 504 $
|
11,17 SOL
1 648,95 $
|
7 | 0.4% | ||||
365 |
CryptoPhunks
Ethereum
|
0,15 ETH
473,40 $
|
3.6% |
1 495 ETH
4 721 222 $
|
0,52 ETH
1 627,08 $
|
4 | 0.0% | ||||
366 |
Lil Z's Adventure
Ethereum
|
0,034 ETH
107,07 $
|
3.0% |
264,45 ETH
835 220 $
|
0,51 ETH
1 598,71 $
|
15 | 0.2% | ||||
367 |
LoudPunx
Ethereum
|
0,56 ETH
1 756,78 $
|
11.6% |
1 356 ETH
4 277 760 $
|
0,51 ETH
1 592,77 $
|
1 | 0.0% | ||||
368 |
Live Like A Cat
Ethereum
|
0,27 ETH
852,66 $
|
29.6% |
6 000 ETH
18 947 745 $
|
0,50 ETH
1 579,00 $
|
1 | 0.1% | ||||
369 |
Potentials
Ethereum
|
0,81 ETH
2 556,52 $
|
1.2% |
810,00 ETH
2 556 517 $
|
0,50 ETH
1 578,10 $
|
1 | 0.2% | ||||
370 |
MEME VIP PASS
Ethereum
|
0,17 ETH
529,84 $
|
9.2% |
328,61 ETH
1 036 373 $
|
0,50 ETH
1 561,14 $
|
3 | 0.2% | ||||
371 |
God Hates NFTees
Ethereum
|
0,075 ETH
236,52 $
|
2.1% |
376,14 ETH
1 187 806 $
|
0,49 ETH
1 554,30 $
|
6 | 0.1% | ||||
372 |
Bonkz
Solana
|
0,47 SOL
69,32 $
|
0.3% |
4 844 SOL
714 465 $
|
10,36 SOL
1 527,30 $
|
21 | 0.3% | ||||
373 |
TrekkiNFT
Ethereum
|
0,028 ETH
88,46 $
|
6.4% |
280,00 ETH
884 557 $
|
0,48 ETH
1 514,31 $
|
4 | 0.0% | ||||
374 |
Primates
Solana
|
0,58 SOL
85,48 $
|
8.4% |
5 798 SOL
854 556 $
|
10,09 SOL
1 487,75 $
|
16 | 0.2% | ||||
375 |
VeeFriends Series 2
Ethereum
|
0,054 ETH
170,31 $
|
0.0% |
2 985 ETH
9 414 041 $
|
0,47 ETH
1 484,82 $
|
5 | 0.0% | ||||
376 |
Gonesis Ring
Ethereum
|
0,28 ETH
883,55 $
|
21.2% |
216,44 ETH
682 982 $
|
0,47 ETH
1 473,63 $
|
2 | 0.5% | ||||
377 |
Fomo Apes
Ethereum
|
0,75 ETH
2 368,71 $
|
0.0% |
0 ETH
0,00 kr
|
0,46 ETH
1 452,81 $
|
1 | 0.6% | ||||
378 |
Nyan Heroes
Solana
|
2,27 SOL
335,22 $
|
3.2% |
25 222 SOL
3 723 571 $
|
9,58 SOL
1 415,03 $
|
3 | 0.2% | ||||
379 |
Psychedelics Anonymous Genesis
Ethereum
|
0,039 ETH
124,04 $
|
0.0% |
377,08 ETH
1 190 148 $
|
0,45 ETH
1 412,39 $
|
10 | 0.1% | ||||
380 |
Nakamigos CLOAKS
Ethereum
|
0,023 ETH
72,56 $
|
1.7% |
459,94 ETH
1 451 267 $
|
0,45 ETH
1 407,27 $
|
19 | 0.1% | ||||
381 |
1337 skulls
Ethereum
|
0,024 ETH
75,47 $
|
14.6% |
175,21 ETH
553 291 $
|
0,44 ETH
1 397,04 $
|
22 | 0.0% | ||||
382 |
Cross the Ages - Arkhante Booster Premium Pack
Polygon POS
|
0,11 ETH
337,85 $
|
0.0% |
550,89 ETH
1 739 930 $
|
0,44 ETH
1 389,62 $
|
2 | 0.0% | ||||
383 |
Exosama
Ethereum
|
0,17 ETH
534,61 $
|
10.8% |
1 695 ETH
5 346 081 $
|
0,44 ETH
1 372,00 $
|
3 | 0.5% | ||||
384 |
E4C Ranger Gold Edition
Ethereum
|
0,14 ETH
441,25 $
|
3.3% |
103,81 ETH
327 407 $
|
0,43 ETH
1 368,22 $
|
3 | 0.0% | ||||
385 |
SAN Origin
Ethereum
|
0,041 ETH
129,48 $
|
73.2% |
227,06 ETH
717 049 $
|
0,43 ETH
1 350,61 $
|
16 | 0.7% | ||||
386 |
AssetDash Vanta
Solana
|
4,40 SOL
649,12 $
|
1.8% |
43 996 SOL
6 490 536 $
|
9,15 SOL
1 349,63 $
|
2 | 0.3% | ||||
387 |
DeFiApes
Ethereum
|
0,50 ETH
1 568,30 $
|
65.7% |
4 970 ETH
15 682 955 $
|
0,42 ETH
1 325,32 $
|
1 | 0.2% | ||||
388 |
Fragments of an Infinite Field by Monica Rizzolli
Ethereum
|
0,48 ETH
1 507,05 $
|
0.0% |
488,95 ETH
1 543 220 $
|
0,41 ETH
1 294,04 $
|
1 | 0.0% | ||||
389 |
EtherOrcs Genesis
Ethereum
|
0,058 ETH
182,95 $
|
9.4% |
291,62 ETH
919 878 $
|
0,41 ETH
1 286,33 $
|
12 | 0.4% | ||||
390 |
Block Gods
Bitcoin
|
0,016 BTC
1 022,42 $
|
5.9% |
5,57 BTC
357 848 $
|
0,020 BTC
1 286,07 $
|
1 | 0.0% | ||||
391 |
GEN1 Pass Holders
Ethereum
|
0,090 ETH
283,83 $
|
22.4% |
45,00 ETH
141 915 $
|
0,40 ETH
1 271,93 $
|
4 | 0.5% | ||||
392 |
Women Unite - 10k Assemble
Ethereum
|
0,052 ETH
164,71 $
|
0.0% |
417,60 ETH
1 317 663 $
|
0,40 ETH
1 263,71 $
|
1 | 0.0% | ||||
393 |
CALIVERSE Pioneer
Ethereum
|
0,090 ETH
283,53 $
|
3.1% |
449,50 ETH
1 417 645 $
|
0,40 ETH
1 261,53 $
|
5 | 0.3% | ||||
394 |
Gray Boys
Ethereum
|
0,049 ETH
154,46 $
|
22.9% |
489,00 ETH
1 544 631 $
|
0,39 ETH
1 224,95 $
|
10 | 0.0% | ||||
395 |
Wolf Game - Farmer
Ethereum
|
0,031 ETH
97,77 $
|
6.9% |
363,87 ETH
1 147 571 $
|
0,39 ETH
1 223,46 $
|
8 | 0.0% | ||||
396 |
AOI Engine
Ethereum
|
0,009 ETH
28,03 $
|
0.0% |
124,27 ETH
392 268 $
|
0,39 ETH
1 219,58 $
|
12 | 0.0% | ||||
397 |
Mindblowon Universe
Ethereum
|
0,023 ETH
72,63 $
|
4.2% |
160,27 ETH
506 132 $
|
0,38 ETH
1 215,49 $
|
15 | 0.1% | ||||
398 |
Citizens of Bulliever Island
Ethereum
|
0,040 ETH
126,15 $
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38.9% |
400,00 ETH
1 261 484 $
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0,38 ETH
1 188,94 $
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13 | 0.2% | ||||
399 |
Solana Monke Rejects
Solana
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0,38 SOL
55,51 $
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25.0% |
2 257 SOL
333 038 $
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8,04 SOL
1 186,81 $
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15 | 1.2% | ||||
400 |
little swag world
Solana
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2,42 SOL
357,24 $
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0.0% |
6 347 SOL
935 972 $
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7,99 SOL
1 177,80 $
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3 | 0.7% |
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.