A single artist can have hundreds of collections, each with their own theme and style.
What can I do with an NFT collection?
You’ll be amazed to know that not all NFTs are created equally.
Some NFT collections are used as pure art.
These types of NFT collections are just there to look pretty and be admired.
But, some collections can be used in blockchain based games.
For example, there’s a game known as ZED Run where you can mint your own NFT racehorse.
You then enter your NFT horse into races where you can win crypto as a prize.
You can also breed your NFT horse with other NFT horses to create an army of NFT horses.
If your horse has rare traits, you can put it up for breeding, earning a cut of the breeding price as a reward.
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You can click on your desired item and study its analytics; the NFTs can be bought simply by clicking on ‘buy now.
The NFT holders usually prefer in-demand items to bring high fortune by cashing the NFT craze; NFT sales are recorded on your profile.
- Interesting and Unique idea behind NFTs
- Diverse categories allow different prices for all investors
- NFTs can be earned during games
- Easy marketplace access
- Ronin is prone to hacking
- Growth prospect is restricted
#4. Meebits – Larva Labs
Yuga Labs have recently bought cyberpunk and their popular Meebit series. Meebits consist of numerous characters that are internally generated by an algorithm.
You can learn about NFTs and even share your NFTs with this community.
This is managed by Ed and Brian Krassenstein, the co-founders of NFTz.zone
With over 13.3k members, this club is the fourth most followed on Clubhouse.
This club is the official club of NFT CASTER, the first digital NFT WiFi Display to show NFTs from the crypto wallet.
It seems that this club is more related to their own platform. This club includes ZEN, the NFT Caster founder,Mad Dog Jones, one of the famous NFT artists, and more.
Over 10.5k members, this the fifth most followed club on Clubhouse.
This acts as a hub for promoting NFT works, open discussions, helpful resources, and NFT Q&A’s.
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Metaverse Land NFTs
Metaverse has gained recent popularity; it refers to a virtual world where continents, states, cities, and neighborhoods exist just like in the real world. Various NFT sellers have created a virtual universe independently; however, the metaverse is an interconnection where all of these separate universes come together.
Like the real world, investors can invest in NFT real estate, NFT museums, and much more. Decentraland is a popular name behind a virtual universe; they were one of the early adopters of the idea.
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It only remains to be seen just how high can the value goes, propelled by a strong community and passionate developers.
Are Dronies the Best NFT to Buy in 2022?
Judging by the people behind the project and the current low price, Dronies NFT seems like a good investment option. The collection has so far flown below the radar and there are many rare Dronies that can be snatched on the cheap. However, it may be wise to wait a bit longer, as there are some very interesting projects in the works.
One of them is the Lucky Block Platinum Rollers Club collection, scheduled for publishing in March 2022.
The Lucky Block coin made quite a splash when it dropped in January. The solution for revolutionizing the global lottery industry was appealing to many investors and the project received a lot of support.
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The technology provides a way to cryptographically verify the passage of time between events.
Founded in 2017 by Ethereum’s co-founder, Charles Hoskinson, the development of the Cardano project was supervised by the Cardano Foundation in Switzerland.
Unlike Ethereum in its current iteration, Cardano already uses a PoS (Proof-of-Stake) protocol, meaning that it’s far more scalable and safer than Ethereum.
The platform uses its own cryptocurrency, “ADA” to fund and carry out transactions on its blockchain.
Cardano vs Ethereum — What’s the Difference?
- Cardano has its own PoS protocol Whereas Ethereum currently still uses a Proof-of-Work consensus protocol, Cardano uses Ouroboros, which is a Proof-of-Stake protocol developed by the Cardano team.
The M1 and M2 can transform an Ape into a gorilla.
The M3 was more exclusive than the earlier two; Exposing an ape to M3 developed it into an improved version of a gorilla with increased attributes. The serums revived the interest of investors in the NFT and soon the serums started to exchange for a fee.
- Future innovation is expected
- Investors can monetize their non-fungible assets
- Serums can also be used to generate quick cash
- A limited supply of serum leads to higher prices in future
- Most offers are connected to Bored ape yacht club
- Future growth is subject to Yuga Lab’s innovation
Sky Marvis launched Axie infinity in March 2018; it is an NFT-based gaming platform that allows users to mint NFTs in an Ethereum blockchain. The Axie marketplace is a market to buy items for the game Axie infinity; you can purchase different items, including characters, land, and add-ons.
These items can be enhanced during the game. Axis refers to mythical characters used for the game; these players can be trained and put against opponents for rewards and gifts. Currently, most Axie infinity players are from the Philippines.
How it works:
Axie marketplace can be accessed from the main website; there is a wide range of offerings for each category.
Disadvantages of Opensea:
- Can be confusing due to complete lack of restrictions that has resulted in an overwhelming number of NFTs constantly being minted on the platform
- Trying to figure out the fee structure can be confusing
- Some argue that the design and user experience of OpenSea’s interface is too simplistic and boring
Either way, OpenSea is a great place to get started with NFTs, particularly if you are not a rich collector or a famoaus artist and need a place to get your feet wet.
To find out How to Buy NFTs on OpenSea, feel free to read our dedicated tutorial on the subject.
If you want to start selling NFTs right away, we also have a tutorial on How to Sell an NFT.
Less than a year ago you could get your hands on an Ape for around 1 ETH, making this project 1 of the fastest-appreciating NFT collectibles in the industry. Since its inception, BAYC has airdropped token holders Bored Ape Kennel Club (BAKC) and Mutant Ape Yacht Club (MAYC) NFTs, which have accrued floor prices of 10 ETH and 40 ETH, respectively. Bored Ape Yacht Club also throws exclusive events for token holders, such as a private concert featuring The Strokes and Lil Baby in New York City.
Meebits – Larva Labs
Meebits was launched by Larva Labs — the same company that made CryptoPunks.
At the time of release, Meebits sold for around 2.4 ETH. Today, prices range from 5 ETH up to 100s of ETH, depending on the rarity of the Meebit.