WHAT IS NFT?
Today We are gonna talk about the ongoing trend of 2021, "NFT's" or "Non-fungible tokens" as they are called. What exactly are these NFT's or Non-fungible tokens, They are not any special kind of tokes, A trading card can be an NFT which can either be replaced by another token, A art piece that you painted long back can be an NFT if you list it in Marketplace for a price.
So these kinds of items are different from fungible items which are often the same as each other. Trading one bitcoin for another, Where you end up in the same position as to where you started, Most NFT's tend to be digital items. This makes it particularly easy for the creators to give their supporters something rare and unique to think of. Some NFT's, are digital artworks, And people are now collecting these digital artworks, Just like collectors that have collected physical paintings for years. And some of these NFT's have gone for extraordinary prices like One NFT artwork by a digital artist called Beeple sold for a massive $69 million at Christie's.
Most NFT require buyers to have a digital wallet and use cryptocurrencies to buy these NFT's, These NFT's can be bought or sold on Marketplaces that have huge collections of various types of NFT's.
Below are some of the Top Marketplaces for buying/selling NFT's
1. OpenSea
OpenSea is as it describes, is the Sea of NFT's and is the largest Marketplace for NFT's. It offers a wide range of NFT's, Including artwork, Censorship-resistant domain names, Virtual worlds, Trading cards, Sports, and collectibles. You can buy, sell, and discover exclusive digital assets like Axies, ENS names, CryptoKitties, Decentraland, and more digital products.
Artist or Creators can create their own items or artwork on the blockchain using OpenSea's minting tool, For making a collection and NFT for free, without knowing a single line of code.
If you're selling items on OpenSea, Then you can sell an item for a fixed price, Or create a declining price listing, or make an auction listing. The highest bid gets the item and you receive your payment in form of Cryptocurrency.
2. Rarible
Rarible is mostly a community-owned NFT Marketplace, Rarible provides us with a RARI token to active users on the platform, who are buying/selling NFT on the marketplace, distributing 75,000 RARI every week.
Rarible places a particular focus on art assets, Artists can use rarible to "mint" new NFT's to sell their creations, whether books, music, or digital art, or even movies. Rarible allows a creator to show a sneak peek of artwork but limits the whole project to the buyer. Rarible buys and sells NFT's in categories like art, photography, games, metaverses, music, domains, memes, movies, and more.
3. SuperRare
SuperRare works with a small number of the artist as of now, however, a form of your artist profile can be submitted to be listed and recognized on SuperRare or for an upcoming launch.
4. Foundation
5. AtomicMarket
AtomicMarket is a shared liquidity non-fungible token market that is used by multiple websites, It means that everything listed on one platform can be shown on other markets as well. It is a marketplace for Atomic Assets, a standard for non-fungible tokens on the eosio blockchain technology. Anyone can utilize the Atomic Asset standard to tokenize and create digital assets and buy or sell and auction assets using the Atomic Assets marketplace.
List your own NFT's for sale on the AtomicMarket, And you can browse existing listings. NFT's of well-known collections get a verification checkmark, which makes it easier to spot the real NFT's and Malicious collections are blacklisted.
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