Croc league nft

Why is investing in crypto so chaotic?

Unlike traditional financial assets, such as stocks or commodities, cryptocurrencies are not valued in terms of what they can be used for. Unlike normal investments which are a bet on a company’s future profits or the usefulness of a given material, cryptocurrencies are a bet on how many people are interested in them, and unlike traditional fiat currencies, cryptocurrencies don’t have a central bank tasked with using monetary policy to ensure that its value does not fluctuate too wildly.

Over the last year, those fluctuations have mostly been upwards: even after both its crash and considerable gains in recent years, the price is up 65 per cent in 2021.

But, as with anything financial, there is no guarantee that the trajectory will keep going upwards.

Croc league nft

A new interactive NFT collection predicted to go viral and estimates $10m in sales on the first week of launch.

The Crocs League is a collection of 4,444 unique animated cartoon crocodiles. The crocodiles come in various different fun characters and styles.

The interactive element to the Crocs League game will launch in January 2022 which will have offer the ability to challenge other Crocs to fight, and also to breed Crocs to get hybrid new collectables.

There has already been a huge amount of interest in the platform with thousands pre-registrations so far for the Crocs League NFTs which are available to buy from early October at a floor price of 0.07 ETH (currently $200).

The launch is set for early October and pre-registration has been boosted by a promised $50,000 give-away to their holders in the first month only.

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This has been a great experience for me and should open up new opportunities for artists to be able to monetise their content outside of the traditional gallery model,” said Andrew Brown.

There has been a steady increase in the demand for non-fungible tokens in recent times, as more people look to enjoy the huge potentials of the concept. Thousands of digital artists have also graced the scene in a bid to meet the diverse needs of blockchain enthusiasts worldwide.
Despite the amazing figures from the industry, with some pieces selling for hundreds of millions of dollars, the gap in the market remains wide, which is where the likes of Doctor Troller seek to change this narrative.

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Numerous exchanges exist to make that possible, and users can either hold their cryptocurrency with those exchanges or store them in their own wallet. There are several types of wallet – Etoro, Coinbase, Binance, CoinCorner, Coinjar, Luno, and it’s a good idea to read their reviews before you get started.

When you have a wallet you can buy some crypto.
It’s very important to note that a Bitcoin transaction is considered unconfirmed until it has been included in a block on the blockchain, at which point it has one confirmation. Each additional block is another confirmation. Coinbase requires a minimum of three confirmations to consider a bitcoin transaction final.
Each new block takes about ten minutes to be added to the block chain, so a Coinbase confirmation would take around 30 minutes.

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Ethereum is a cryptocurrency, like Bitcoin, but the ETH blockchain also supports these NFTs, and stores extra information which is why most NFT transactions are done in Etherium.

So what is worth buying in NFTs?NFTs can be pretty much anything collectable that can be digitised. It could be music, videos, the world’s first Tweet (it sold for $2.9m), but a lot of the current NFT excitement is around digital art.

The reason for this excitement is that NFTs are designed to give you something that can’t be copied: ownership of the artwork.

To explain this in terms of physical art collecting, anyone can buy a Van Gogh print, but only one person can own the original.

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OK, I’m sure you get the token bit, but non-fungible? Non-fungible means it’s unique, one of a kind, and cannot be replaced with something else.

You’ve heard of Bitcoin, right? Well Bitcoin is fungible. One Bitcoin is exactly the same as another, you could trade any Bitcoin for another, they won’t be any different. An NFT however, is a one-of-a-kind trading card. If you swap or sell it for another NFT you will have something completely different.

So how exactly do NFTs work?Most NFTs are part of the Ethereum (ETH) blockchain. Most purchases and trades of NFTs are done in ETH.

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Doctor Troller has previously announced the Pre-sale release on October 23rd, 7PM UTC and aims to shock the world with his digital art.

The video game-backed NFT collection will feature 4,444 pieces, with 44 rarest crocs to be initially released to the market. Andrew Brown will be looking to continue in his tradition of wowing NFT enthusiasts, a feature that has helped him to grow to become one of the most sought-after artists in the market, with a net worth of over £200 million.

Since making the headlines in April 2021 following the sale of an NFT worth £20,000 in 20 seconds after its launch, Doctor Troller has continued to turn heads in the market.

The Chelsea-based digital artist has particularly gained a lot of attention in the Nigerian and UK art scene, heavily published for his art robbery.

The blockchain is spread across all the parts of the worldwide computing network, recording transactions in a way that is public and verifiable but belongs to nobody in particular.

Why are there so many cryptocurrencies? In theory, anyone can create a cryptocurrency; at their heart it’s just software. There is no official organisation that decides what is a cryptocurrency and what isn’t, and after the explosion of Bitcoin’s value in 2017 there was a vast number of new altcoins.

OK, what’s an Altcoin? An altcoin is basically any cryptocurrency that isn’t Bitcoin, it’s an alternative-coin, geddit? They can be mining-based cryptocurrencies, stablecoins, security tokens and utility tokens.

You’re going too fast again.

OK, so Bitcoin is a mining-based cryptocurrency.

And with blockchain technology, you can easily see that the artwork is the genuine version and not a fake.

OK, how does that work?All transactions of the artwork are recorded and stored on the blockchain, this gives the NFT artwork, what art dealers call “provenance”, you can see exactly who has owned the artwork right the way back to the original minting by the artist.

Right, I’m interested, but which NFTs are worth collecting?Well, that’s the $69m question, literally. So rarity of NFTs is important. If an artist releases an edition of a million NFTs they’re not exactly rare, and so therefore this should be reflected in the price.

Have a look on community sites to see what prices these NFTs are going for, do your research.

Discord is a good site to check on prices and sales for NFTs. Look and see what prices those NFTs have sold for today, not last week.

But what exactly is Cryptocurrency? OK, it’s definitely quite confusing. In short it is a digital version of money. But there is no bank.

It is an asset, but it is not attached to anything physical.

It is intended to work in the same way as money. People can have a digital wallet to store the digital money, it can be used to represent value in the economy, which can be traded with others for goods or services or for fiat currency.

Woah there, what is Fiat currency? Fiat currency is a government-issued currency – US dollars, GB pounds etc, which hold their value based largely on the market’s confidence in that particular country’s economic strength.

Now here is where the similarities lie.

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