Quick NFT Tutorial
Per request of one of my most OG and loyal followers Pedro Pons, I was given the prompt of an NFT tutorial! So firstly, thank you, Pedro! And secondly, if anyone reading this has any specific questions or topics they want me to cover, please don’t hesitate to put them in the comments below. Now let’s get into it!
In this short post, I’ll be explaining all the different types of NFT’s, what I think gives them long-term value, where to buy them, and what NFT’s you should consider buying.
Different Types of NFT’s:
NFT’s are tokens that represent ownership over unique digital items. The most popular uses for them are in digital art, collectibles, and land.
What Gives Them Long Term Value:
NFT’s that have significant and devoted fan bases behind them will likely succeed. This is why I have been a big proponent of NBA Top Shot, given the NBA’s massive, growing, and dedicated following.
Where to Buy Them:
OpenSea currently leads NFT marketplaces in digital collectibles sold. This platform has all sorts of digital assets, but the primary ones being bought and sold seem to be art by various creators. Although the site host some of the most expensive and popular NFT’s today, such as CryptoPunks and Bored Apes Yacht Club, anyone can sell NFT’s on this platform.
Axie Infinity is a “play to earn” video game where players can obtain tokens transferable for hard cash. The game was launched in 2018 and has become the most prominent play-to-earn game in crypto to date. Players buy and sell Axies, AKA avatars, and breed new Axies that they can then sell or collect.
Rarible is very similar to OpenSea in the types of NFT’s offered and that it allows anyone to create and sell their own NFT’s.
4. NBA Top Shot
Top Shot is a platform where you can trade digital basketball moments.
Although many consider NFT’s simply as investments, I would approach assembling your digital collection with the same kind of attitude you would when selecting art to place in your home. It should ultimately represent your views and interest.
Have fun digital collecting!