For all the technology behind non-fungible tokens (NFTs), trading NFTs is still a tiresome and slow process. That was until Sudoswap came and changed the game.

Now, buying and selling NFTs can be as smooth as trading cryptocurrencies on [Uniswap](/news/article/uniswap-exchange-nft-aggregator). By integrating automated market makers (AMM) into non-fungible tokens trading, traders no longer have to wait to find intending buyers before getting liquidity.

Its decentralized marketplace has grown exponentially since it landed and took the market by storm. According to blockchain analytics firm Nansen, the protocol has a year-to-date volume of 39.1k ETH, with more than 3.35K ETH transacted in the 30 days to 12 December. What has made the protocol such a success?

## What is Sudoswap?

It is a decentralized exchange (DEX) protocol that allows users to swap NFTs for liquidity on the Ethereum blockchain. While the protocol went live in May 2022, its launch of the NFT automated market maker (AMM) protocol in July was the game changer.

With the AMM, users can trade Sudoswap non-fungible tokens into a liquidity pool (buy-only, sell-only, or buy-and-sell pools) and receive Ethereum quickly. Generally, you deposit NFTs or ETH into your pool. 

Instead of listing different non-fungible token collections, you select the right collection to trade and choose your floor price, bonding curve, and delta (which adjusts the NFT price depending on sales or purchases).

## What is the SUDO token?

The SUDO token is the governance token of the protocol's ecosystem. With an initial supply of 60 million, SUDO is not transferable. The SUDO airdrop began in September, with the lion's share of 41.9% going to XMON holders. 

Treasury allocations take up another 25.1%, while initial team members and SudoRandom labs take 15% each. Oxman holders and Retroactive LP airdrops take the remaining tokens.

## How it differs from other NFT marketplaces

There's always liquidity in the pool for specific Sudoswap NFT collections, and traders don’t have to wait for a buyer before getting liquidity. 

Sometimes, this may mean getting a less-than-ideal price for your asset. As long as your NFT is not super-rare or high-priced, that should not be a challenge.

Apart from increased instant liquidity, the decentralized marketplace also eliminates intermediaries who may choose whether or not to accept your [NFT collection](/news/article/nft-collaborations). The protocol may as well be the poster boy for decentralized marketplaces.

Additionally, it eliminates the payment of royalties to NFT creators on secondary sales, unlike OpenSea. On OpenSea, NFT creators may get as much as 5% in perpetuity every time an NFT sale occurs. However, with the decentralized protocol, all earned fees belong to the Sudoswap NFT owners and traders who choose the trading pools and set their prices.

Sudoswap fees are low, making it more attractive than its counterparts. For example, while OpenSea charges 2.5% and LooksRare charges 2%, Sudoswap fees are just a 0.5% fee on trades. The transaction fee is remitted to the Treasury for the development of the ecosystem. Again, you can lower your gas fees when you trade in bulk and reduce costs further.

## Conclusion

[Technavio](https://finance.yahoo.com/news/non-fungible-token-nft-market-153000067.html#:~:text=The%20increasing%20demand%20for%20digital,market%20during%20the%20forecast%20period.) estimates that the non-fungible token market worldwide will grow by $113.9 million between 2022 and 2027 at a CAGR of 35%. That suggests significant potential. Anyone looking to take advantage of that by trading NFTs may as well enjoy low Sudoswap fees and instant liquidity as extras.


pink image of sudoswap logo over pile cryptocurrency and fiat currency

How Sudoswap is Revolutionizing NFT Trading

With gas wars limiting the fair exchange of NFTs, Premint is ideally the best way to ensure inclusive participation.

When NFTs go on public sale, gas fees increase as customers scramble to purchase the tokens. Invariably, newer NFT collectors who can't afford the exorbitant gas fees get excluded.

Read on to discover what Premint is, how it works, the benefits of allowlists, and whether the concept is gathering widespread attention in the NFT world and beyond.

## What is Premint?

It is a non-fungible token service for [NFT creators](/news/article/how-to-create-an-nft) and collectors to compile allowlists for their NFT projects.

An allowlist is the opposite of a blocklist. It is a strategy that approves a specific list of email addresses, IP addresses, domain names, or applications for a particular service.

By compiling allowlists, buyers can easily access their favourite projects. This reduces time-wasting while hunting for NFT projects on Twitter or joining Discord channels. It also helps you track all minting dates.

## Benefits of compiling allowlists

Premint allows non-fungible token creators to define eligibility for their list and weed out bots and less-than-ideal customers. It establishes its baselines by asking for proof of the following; the wallet address' minimum ETH balance, Twitter authentication, Discord membership, and NFT ownership.

Creators determine the set of characteristics they want in their buyers. 

When users who meet the criteria register on the platform, the service automatically lists the available allowlists so that the user can apply for the list. Additionally, you can use the service to [track mint dates](https://www.nansen.ai/research/nft-minting-behavior-data) and jump in on relevant NFT projects early.

Already, the service has become the household name for allowlists. So far, more than 29,000 projects have used the platform. These projects have attracted 3,410,000 collectors seeking to register for lists, and one million have obtained approval to join lists.


blue image of premint logo on abstract blockchain background

Premint - How Does It Work?

Wondering how to find new NFT projects you can invest in?

Most popular NFT collections rely on hype, so getting in early is the only way to get the best deal. However, [investing early](/news/article/buy-nft-market) means that you are taking considerable risks. So, if the project goes bust, you will be left holding the bag.

Most NFT scams are usually quite elaborate and may be challenging to identify. Therefore, you should understand how to source for new projects and avoid scams.

If you invest right, you will get tremendous gains on your investment. This article will give you key points on how to find new NFT projects and avoid scams.

## How to find new NFT projects

In this section, we cover the best way to find new NFT projects from credible sources.

## Scout Twitter feeds

[Twitter](https://twitter.com/) is one of the best places to get information on all things crypto, NFTs included. When used right, you can get the inside line on emerging projects before they reach mass adoption. By the time of mass adoption, the token value will have doubled, and you've made your gains.

However, scouring Twitter can be challenging, especially if you are not an active platform user. Try to learn how to identify trends and crypto influencers.

First, find an NFT community. You can do this by following known crypto figures and established NFT brands. Within the community, you will get access to the latest news and announcements on established and up-and-coming NFT projects - some of which also host Twitter space and live Q&A sessions.

We recommend that you follow [@monineversleeps](https://twitter.com/monineversleeps) for reliable news and updates.

A word of caution: Just as you find great projects on Twitter, you can also stumble on scams masquerading as [free giveaways](/news/article/free-nft-giveaway-legit). Ensure you do your due diligence before investing in any new NFT project.

## Join Discord servers

[Discord servers](https://discord.com/servers) are like chat rooms for nerds. They are a great source of information and a great meeting place. If you want to connect directly with NFT community leaders and get updates on upcoming collections, you need to join the right communities.

Some NFT communities also invite you to provide discord servers when you invest in their collections. You can get the inside scope on upcoming NFT launches within these invite-only servers.

The best thing is that Twitter and Discord work well together when it comes to finding new NFT projects. Crypto influencers can direct you to great Discord communities based on their niches. In turn, you can find great Twitter profiles from the Discord channels.

A side note: Just as we warned about scams on Twitter, there are also scammers on Discord. Some of them create usernames that are identical to those of verified community members. So remember to verify twice before engaging in a conversation with another outside an authorized discord server.

## Surf OpenSea

[OpenSea](https://opensea.io/) is one of the biggest platforms for minting and selling non-fungible tokens. It provides a user-friendly platform for beginners and experts to create NFT within minutes. It even offers a mobile app to browse its hidden collection of NFTs on the go.

OpeanSea is the launchpad for many of the most significant NFT projects, including CryptoPunks, [Bored Ape Yacht](/news/article/bayc-derivatives-explored), and Doodles. So if you are seeking a platform to get NFTs before they hit their all-time high (ATH), consider getting an account on OpenSea.

Plus, you can access multiple NFTs from multiple blockchains. In addition, the platform allows you to bid for NFTs, track the price of each one and analyze the market trends.

## NFT news and resources

While social media and communities are great for finding new collections, you need expert insights to be well-rounded. This area is where news aggregators and blockchain learning resources become essential.

News aggregators will help you stay updated on the latest news and trends in the crypto space. These include news on up-and-coming projects, updates on existing projects, and analysis of some of the significant events happening in the crypto space.

[Blockchain learning resources](https://gist.github.com/65cdfe2f7fa1f84b4914f188d49d5323) might not directly help you find new projects. However, they provide background knowledge that helps you understand the tokenomics of new collections. That way, you can tell the good ones from the wrong investments. Many blockchains and wallets offer free academies and tutorials to brush up on your knowledge and insight into crypto.

## Do your own research (DYOR)

It is essential to filter NFT projects to get credible projects from the scam projects. Many NFT analytics tools can help you better evaluate the NFT and determine if it is a good project. Some of these tools are:

•	Upcoming NFT: This website tool shows you the presale, mint date, price, and community strength of NFTs. Focus on the closed or yet-to-be-announced collections to find great projects before they go live.

•	NFT Watcher: This is a great tool that notifies you of new drops. Check through the 'newly listed drops' section for rare gems.

•	Rarity Sniper: Rarity Sniper is an excellent tool for anyone who wants to get rare collections before they go mainstream.

•	NFT Calendar: This popular tool gives you timely information on NFTs in a simple interface. It shows real-time tracking of how many NFTs are minted by the day or on a blockchain.

•	Oxalis: This tool is like NFT Calendar but for gamers.

## Wrapping up

Finding NFT projects is like going on a treasure hunt. With the right tools and information, you can find a rare gem that will blow up your investment portfolio.


pink abstract image of person finding NFTs

How to Find New NFT Projects Early

Non-fungible tokens (NFTs) are probably the most popular use case for [blockchain technology](/news/article/blockchain-for-dummies). Some of them are worth tens of millions and have [received endorsements](/news/article/instagram-nft-minting-and-trading) from top celebrities and financial entities. They have also revolutionized how we view digital arts and physical assets. 

To help you get started, we created this guide on how to make NFT art.

## What is an NFT?

Non-fungible tokens (NFTs) are digital assets created and stored on a blockchain. They are unique cryptographic assets you cannot replace with another asset, hence the "non-fungible" description. Non-fungible tokens are created by minting them on a blockchain.

Unlike cryptocurrencies and fiat currencies, you cannot exchange one NFT for another. Each token has unique identification codes that help anyone to verify its uniqueness and originality on the blockchain. Even if you create a clone, anyone can tell the original from the clone by looking at the metadata.

Due to their non-fungibility, they are perfect for representing items from the physical universe, including physical artworks, videos, and real estate. However, you can also create them as standalone art. You can even create NFTs that do not represent any physical asset.

## How to make NFT Art

To create an NFT, you must sign up on a platform that supports NFT minting. This platform could be a crypto exchange or [NFT marketplace](/news/article/nft-art-marketplaces). You will need some cryptocurrency to verify the transaction and mint the token.

The amount and how you pay depends on how the blockchain you use charges a transaction fee for the minting process. For example, this fee is referred to as the gas fee on Ethereum and is paid with Ether (ETH).

Some of the popular NFT minting platforms are:

•	Binance (BNB Chain).

•	[Nifty Gateway.](/news/article/what-is-niftify)

•	Rarible

•	OpenSea

•	Proton Mint.

•	SolaNart

## How to make your first NFT Art

Ready to create your first NFT? Here is a step-by-step guide on how to create an NFT from scratch.

## Define your art

Figure out what you want to create. Most creators tie their NFT to a digital art piece like a short video clip, an image, or an audio file. You can even create an NFT out of a tweet. [Jack Dorsey made millions from selling an NFT made from his tweet.](https://www.cnbc.com/2021/03/22/jack-dorsey-sells-his-first-tweet-ever-as-an-nft-for-over-2point9-million.html)

The goal is to create something unique and original. So if you are basing your NFT on digital media, you must hold the right to that asset. Another alternative is to create them without an underlying basis for representation.

## Select a blockchain

NFTs are created and stored on blockchains. So, you must choose a blockchain to host your art. There are many blockchains options, each with its pros and cons.

The top choice for many digital creators is [Ethereum](/news/article/ethereum-prediction), and almost all marketplaces allow you to mint NFTs on the Ethereum blockchain. Other great options include [Solana](/news/article/solana-price-gbp), [Polygon](/news/article/matic-price-prediction), and Flow.

Each blockchain has its community and features, so you should research this. However, if you want to learn through the process, then Ethereum is where you should start.

## Set up a wallet

When you create a non-fungible token, it is stored on a blockchain address. You need a crypto wallet to access and interact with your NFTs. So, after you've chosen a blockchain, you need a wallet that supports your selected blockchain. 

Some wallets support more than one blockchain; some don't support more than one.

Therefore, you need to research your wallet choice and determine which blockchains it supports. MetaMask, Coinbase Wallet, and Ledger Nano X are the most popular options.

## Choose a platform

You need a minting platform to create your NFTs, and there are several platforms to choose from during your minting. For example, Rarible and OpenSea are two platforms that support minting on the Ethereum blockchain.

Ideally, you want a platform that allows easy minting at a reasonable cost and provides you with a place to list and sell NFTs. OpenSea and SolaNart are great choices to mint and quickly sell NFTs.

OpenSea is famous for its Ethereum-based NFTs, while SolaNart is a [Solana-based NFT platform](/news/article/solanart-nft-marketplace). You can also use crypto exchanges such as the Binance Exchange and Coinbase to mint and trade the tokens.

## Mint the NFT

Once you've chosen your blockchain, crypto wallet, and platform, the next step is to create your NFT. For illustration purposes, we will describe how to create an NFT on OpenSea. The processes for other platforms may be similar or different; however, the underlying principles apply.

•	Connect your wallet: Click the wallet icon from the OpenSea menu and select the wallet you wish to connect. This process will require you to make a verification on your wallet app.

•	Create your NFT: Select the "create" option on the Open Sea platform. This option will create a page for you to upload your NFT art and define its features and the blockchain you want to use.

•	Define your NFT: You need to give your NFT a name and description. You can add special features such as discount codes or private Discord channel invites. You can also expand your NFT to a collection or limit it to only one.

•	Pick your blockchain: The last step is to select the blockchain to store your NFT. Don't make a mistake here, as you cannot change this after you have minted the NFT.

•	Mint your token: Congratulations! Your digital asset is live. However, it still needs to be put up for sale. To do that, you need to select the sell button and indicate your sell price and how long you want to put it up for sale. Most platforms allow you to list your NFT for free or next to nothing, while others can charge a lot depending on the network fees at the time of listing.

Depending on the platform, it will cost you a small fee to sell an NFT. Some platforms, such as Binance, will take a percentage of the selling price to cover platform fees and other applicable fees. Other platforms like OpenSea, on the other hand, charge a flat price for each sale.

You can also choose to earn each time anyone sells your NFT and can earn up to 10% each time it is subsequently sold.

## Wrapping up

You now know how to make NFT art. Minting an NFT requires you to learn a few concepts, like using minting platforms and digital crypto wallets. Once you get a grip on these things, creating them becomes easy.


pink image of woman drawing nft on a tablet with bitcoins on the desk

How to Make NFT Art in 5 Steps

The racing unit of luxury automaker [Ferrari](https://www.ferrari.com/), part of the 2023 Formula One World Championship, has terminated its contract with the cryptocurrency sponsor, [Velas](https://velas.com/), causing the F1 Ferrari team to lose backing worth millions of dollars before the start of the season. The news came just a month before the pre-season testing.

## F1 Ferrari and crypto sponsors split up

Scuderia Ferrari partnered with the Velas blockchain firm in 2021. The deal assigned a yearly amount of $30 million to boost fan engagement via different initiatives, including non-fungible tokens ([NFTs](/news/article/virtual-land-nft-rush)). It was a multi-year arrangement, but now Ferrari has broken its ties with the blockchain firm.

The partnership lasted only a year, as neither party would renew their alliance. According to some sources, the team was non-compliant with the clauses that permitted Velas NFT creation. 

Furthermore, chip manufacturing company, [Qualcomm Snapdragon](https://www.qualcomm.com/snapdragon), won't be part of Scuderia's sponsors. Following the splits, the logos of both these companies will be removed from Ferrari's partner list for the 2023 Formula One Championship.

The end of the partnership has also resulted in heavy losses for the racing team. The Italian squad has to bear losses of around $55 million.

## Teams cutting ties with crypto firms

It is not the first time an [F1 team](/news/article/formula-one-teams-crypto) has ended its partnership with a crypto company. Various automakers are also hesitant to work with blockchain firms. 

Earlier, Mercedes withdrew from its deal with the cryptocurrency exchange FTX. It was after the exchange filed for Chapter 11 bankruptcy. Red Bull's racing team also ended its association with the Tezos Foundation because of the misalignment of strategies between the two firms. 

Web3 projects and crypto firms have been a part of sports events for some time. Crypto.com was also one of the sponsors of the [2022 FIFA World Cup](/news/article/cronos-crypto-falls-flat-world-cup), but it gained little traction from the partnership. The market going through a crypto winter may affect these partnerships, further aggravating the bear run.


red image of Velas Scuderia Ferrari with crypto coins bordering

F1 Ferrari Team Breaks Ties with Crypto Firm

Presently selling at 9.49 SOL, the Bored Ape Solana Club (BASC) NFT is the first platform to implement the Proof of History protocol. In this article we take a look at the club's origins, how it works, and how it is doing now.

## What exactly is BASC?

[BASC](https://boredapesolana.club/) is a community-run Solana NFT project with 6,000 hand-drawn bored apes that do not correspond to any Ethereum BAYC NFTs.

## How it all started

BASC first launched a stealth mint on 4 January, 2022. On 13 January, 30 minutes after completing 100% of the mint, the collection went live on Magic Eden.

Bored apes were selling for 50+ SOL 48 hours after the launch, while the floor price had risen to about 10 SOL.

![boredaoe1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/boredaoe1_1da6582a81.png)
 
Contrary to what anti-BASC trolls predicted, it retained a 20 SOL floor price after only three days of being posted live on Magic Eden and was trending as the top NFT collection on bored apes 48 hours after the debut, while the floor price had climbed to roughly 10 SOL.

Since then, these Solana NFT collectibles have already achieved significant milestones, including crossing the $10 million market cap threshold.

[BASC](/news/article/how-to-buy-monkey-nft) also uses a novel Proof of History algorithm to process up to 10,000 transactions per second.

BASC NFT is listed on [MagicEden](https://magiceden.io/marketplace/bored_ape_solana_club), [OpenSea](https://opensea.io/collection/bored-ape-solana-club), [Solanart](https://solanart.io/collections/basc), and WeYu. However, to own these collectibles, which grants you many benefits, you must have a [Phantom Wallet](https://phantom.app/) installed and linked with Solana. You can now [head to claim artwork (PFP)](https://www.basc.app/frame/) and follow other instructions.

Similarly, you can exchange another NFT for a bored ape in only four easy steps.

![boredape2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/boredape2_85378e8de9.png)
 
Following your confirmation that you are [trading](https://www.yawww.io/) for a valid BASC NFT, which will contain a check for the collection, you must link your Solana wallet, put in an offer, agree to the terms of the trade, and then wait for the buyer(s) to respond before concluding the transaction.


Bored Ape Solana Club Explored

[CoralCube](https://coralcube.io/), an innovative Solana NFT aggregator and AMM DEX platform, is revolutionizing how investors and collectors transact and purchase NFTs. 

## CoralCube: What is it?

CoralCube is a decentralized NFT marketplace that gives users access to various trading alternatives. These include auctions, spot trades, derivatives, and a safe and simple way to buy and sell digital artwork, collectibles, and other [non-fungible tokens (NFTs)](/news/article/moonray-nft-gaming-platform).

With its intuitive user interface, secure trading environment, and advanced features, this NFT marketplace is quickly becoming the go-to platform for experienced investors and casual collectors. 

## Recent updates on the CoralCube marketplace

According to a [recent tweet on its official Twitter handle](https://twitter.com/coralcubenft/status/1595494147497988096?t=kIiHc-K_9_rNXpYkMWXULQ&s=19), CoralCube has implemented an Automated Market Maker (AMM)-based DEX "with 13 launch partners" - the tweet reads in part.

The traditional order book is assumed to be changed by liquidity pools which are already funded on-chain for both assets in the trading pair in an AMM-based decentralized exchange.
  
![coralcube1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coralcube1_6db2b10310.png)

By doing this, liquidity (primarily on Solana) is provided by other users who also receive trading fees on their deposits based on the chunk of the liquidity pool they contribute.

## CoralCube: How it works

Getting started with CoralCube NFTs is simple. First, users must create an account on the platform and complete the necessary verification process. Once the account is open, users can begin searching for NFTs to purchase. They can also create their own NFTs and manage them on the platform.

## Features and functions

•	CoralCube is a decentralized, non-custodial NFT platform. NFT producers and collectors can trade NFTs straight from their wallets because it is a "non-custodial" platform. This means they always have full ownership and control of their wallets and NFTs. As a non-custodial platform that uses smart contracts to facilitate any NFT transaction, this eliminates the need for third parties.

•	Additionally, CoralCube provides a safe escrow system to ensure that transactions are carried out securely.

•	An intuitive user interface that makes it easy for users to quickly find the perfect asset for their collections.

•	Its advanced search and filtering capabilities.

•	Transactions are also transparent and can be tracked by anyone on the blockchain.

•	Other features include auctions, classifieds, and P2P transactions. These features provide a wealth of options for users to buy, sell, or trade their NFTs.

## Top collections on CoralCube

There are several NFTs, including collectibles, gaming assets, art, and music, that users can access on the marketplace. 

![coralcube2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coralcube2_980b98e76a.png)
  
On [CoralCube's official website](https://coralcube.io/), the current trading dashboard of NFT collections by 24-hour volume shows that y00ts is at the top of the list with a floor price of 157.99 SOL.

![coralcube3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coralcube3_2a79983b30.png)
  
However, users can create their own NFTs and manage them in the space, with access to a wide range of NFTs from various sources. 

CoralCube is designed to be a secure and reliable digital marketplace for making NFT investments. The platform gives users access to various security features, such as two-factor authentication and encryption, to protect their investments.


pink image of coralcube nft solana marketplace

CoralCube: NFT Game Changer

Unless you've been living in space, there's every chance you've heard about the millions of dollars made from minting NFTs. Whether you're a newbie intrigued by the whole idea or an expert seeking to showcase your artistic prowess, minting NFTs is your chance to digitally immortalize your souvenir on the blockchain or make a fortune. We're about to show you an easy, breezy process for creating NFTs.

## Introduction to minting NFTs

Non-fungible tokens (NFTs) are cryptographic assets on a blockchain having unique metadata and identification codes that differentiate them from each other. Owners have total control over their tokens and can transfer to others or sell them on an NFT marketplace.

Even if you have zero knowledge of NFTs and blockchain technology, here is a hassle-free way to mint NFTs.   

## Step 1: Select an NFT marketplace

Begin by researching the [different marketplaces](/news/article/solana-nft-marketplace) available online to find the appropriate one for your NFT. Among the leading marketplaces are [OpenSea](https://opensea.io/) (Ethereum blockchain), AtomicHub (Wax blockchain), and [Rarible](/news/article/rarible-nft-marketplace) (Flow blockchain). OpenSea is popular among novices and charges a one-time fee for initializing your account the first time you list your NFT. However, note that only select marketplaces use other blockchains, meaning the exercise should be simple.  

## Step 2: Set up a crypto wallet 

A [crypto wallet](/news/article/crypto-wallet-multiple-currencies) is the equivalent of a bank account where you store digital assets like NFTs that you mint or buy. Apart from holding your private keys (password), a crypto wallet safeguards your crypto assets and makes them accessible – crypto wallets can be either physical or digital. Ensure that your chosen wallet is compatible with your selected NFT marketplace's blockchain. Popular examples are Coinbase and Metamask.    

## Step 3: Connect your crypto wallet to a marketplace

Once you've set up your crypto wallet, it's time to connect it to the desired NFT marketplace. If you choose to sell your assets on [OpenSea](/news/article/haas-f1-opensea-collaboration), visit the website and click "create". You'll be directed to a tab showing a list of all the wallets compatible with the marketplace. Select the digital wallet you intend to connect with your OpenSea account – your wallet is now plugged in and ready for NFT trading. 

## Step 4: Create your NFT 

We're now at the heart of the matter – minting your NFT. If you get it right and luck is on your side, you could, just like other NFT traders, change your life overnight!   

From your browser, search for the OpenSea website, go to "My Collections" in the top right-hand corner of your profile and click on "Create a Collection." Follow these steps to create your first NFT:  

Enter the required details to be able to upload the item you wish to sell as an NFT. Choose the file format and name, and add external links to your social media outlet and an appropriate description.   

Select the blockchain you desire to mint your NFT (Ethereum in the case of OpenSea). Carefully verify that all the information you entered is correct (there's no going back after this step), and click on "Create".

Congratulations! You just created your NFT, and it's ready for trading. 

## Step 5: Decide on a pricing strategy

The three main ways of setting prices for NFTs are:

•	Fixing the price – fix a price and place it next to the item.

•	Timed auction – put your NFT up for auction for a predetermined period.

•	Bidding – allow interested buyers to bid to buy it.

## Step 6: Minting NFTs 

Minting NFTs is converting your idea into a digital asset (NFT), associating it with a price tag, and selling it. 

## Step 7: List your NFT 

Once you decide on a price strategy for your NFT, click the "Complete Listing" button to finish the process. If you did everything right, you'd see an announcement that your NFT is listed for sale.


pink image of person making and minting digital nfts

Guide to Minting NFTs on OpenSea

[ParaSwap](https://www.paraswap.io/) is a DeFi aggregation site combining all the liquidity of decentralised exchanges and lending protocols into one easy-to-digest source.

The site ensures that all data is accessible through a secure interface and comprehensive APIs. It offers some of the best prices in the decentralised finance ecosystem for traders and developers looking to connect their decentralised applications.

The information is laid out in a clear and digestible format and covers everything users need.

The drive behind the project's development is the belief in the future adoption of DeFi participation through the offering of 'secure, intelligent and optimised trading tools' for individuals and corporations. The provision of these tools will allow access to vast pools of liquidity as well as volumes of crucial [market data](/news/article/what-is-a-defi-token).

## The core features of the platform are as follows:

API – Public libraries enable smooth interaction with Dapps and wallets.

Charts – More than 100 protocols across multiple L1 & L2 chains provide up-to-date market information.
Multichain – ParaSwap is available across some of the largest blockchains, including Ethereum, Binance, Avalanche, and Polygon.

Onchain RFQ – On chain 'request for quotes' enable real-time prices from KYC-verified partners.
Yield optimisation – Lending rates across multiple protocols have been optimised to provide the best prices.
Security and audits – The project has been verified via external and independent smart contract auditors.

The ecosystem currently supports seven active blockchains processing 37 billion in total volume. This is achieved through 10 million+ trades across 65+ integrations. Clearly, this platform is on track to realising its grand ambition of providing everyone with access to powerful and open financial tools.

A broad selection of some of the most popular applications, protocols and tools available on the market today are readily accessible, including -

•	MetaMask.

•	Ledger.

•	Aave.

•	Enzyme.

•	Zerion.

•	Argent.

Alongside price data and API feeds, ParaSwap has a mobile application that offers users a full suite of crypto management tools. Interested parties can buy, sell or store their favourite tokens and trade NFTs across multiple networks.

This versatile application features some of the highest security on the market while giving the user total control over their activity by providing them access to their private keys, thus allowing them complete self-custody of their assets.

The project has been developed with institutions and developers in mind. Flexibility over data and price feeds sets ParaSwap apart from its closest competitors. ParaSwap can provide competitive services in the following areas -

Custodians – Token swapping is easy and integrated.

Brokers/Bots – Both slippage and execution costs are minimised with powerful and versatile coded programs.
Lenders – Users have more chances for engagement through the versatile exchange functions.
Market Makers – Liquidity pools allow users to bid for order flow.

Banks – The product is customisable for retail banking needs.

Asset Managers – Exchange services can be added to increase customers' wealth offerings.
The ParaSwap platform has been audited by the likes of Certik, Solidified, and PeckShield. It has the backing of some big names from the worlds of crypto and DeFi, including -

•	CoinGecko.

•	Blockchain Capital.

•	Arrington Capital.

•	Coin Fund.

•	DeFinance Capital.

•	Alliance.

•	Lemniscap.

•	CMS.

•	Cumberland.

The native token of ParaSWap is $PSP which has a circulating supply of 72.8 million and a hard cap of 2 billion coins. With a current price of $0.03, this brings a market cap of $2.3 million, ranking the token number 1100 on the price comparison site [Coinmarketcap.com](https://coinmarketcap.com/currencies/paraswap/).

The token is available from various brokers, but some of the most popular include MEXC, ByBit, Gate.io, and WOO.

## Conclusion

Overall, ParaSwap offers a comprehensive suite of products and features for the modern DeFi investor. The platform is well managed and professional in its user interface and levels of data and analytics on offer.

The project prides itself on its 'best prices in DeFi', its ability to refund high gas fees, as well as its innovative P2P NFT trading feature.

This project is an excellent example of a modern DeFi aggregator uniting the liquidity of a wide variety of decentralised exchanges and lending protocols into one easy-to-use, comprehensive, and secure interface and corresponding APIs.


blue image of crypto altcoins with  paraswap triangle logos

ParaSwap - NFT and DEX Middleware for Traders

The Rarity Tool platform is rapidly gaining popularity for helping to rank the scarcity of NFT collections.
Non-fungible tokens, especially digital art, have become one of the hottest topics in the last few years. Stories of art exchanging for thousands, if not millions, of pounds [are not uncommon](/news/article/most-expensive-nft).

But how do you know how rare your recent purchase really is? Were you ripped off? Did you get a fair deal? One of the most common questions asked is, 'how rare is my NFT?'.

## Total score

Scarcity is the most important factor when determining the value of any digital art. Therefore, it is easy to understand the popularity of a website dedicated to determining how each purchase ranks against others.

The [Rarity Tool](https://raritytools.medium.com/introducing-rarity-tools-9b0138e992b3) site is designed to provide an easy-to-understand and practical ranking of individual pieces and collections of digital art based on their rarity.

So how does it work? Each design is assessed on various measures that are customisable for each project. All scores are then added together to give the total scarcity score.

As each designer will value their creations differently, each trait differs from collection to collection. This makes it hard to compare NFTs against each other. However, it does give designers control over the relevance of each piece in their batch, allowing the creators to rank and price items accordingly.

## ’Drill down'

Because each community scores its designs differently, the website customises the ranking for the item by adding 'derived traits' which are deemed unique. For example, a character with matching clothes acquires more points and is therefore ranked above another character wearing random items.

Of course, all pieces created are unique in design, but a great feature of Rarity Tools is that each piece is ranked on a combination of specific factors which provide the scarcity score.

This is a powerful platform that allows the user to filter and 'drill down' into specific characteristics which your NFT or the one you are searching for may have. The site lets you compare against other pieces with the same traits so you can better understand the worth of your purchase.

However, who actually scores each trait isn't exactly clear. The website doesn't explicitly express whether the ranking is individual, centralised, or community-driven, which makes you question the legitimacy of the site.

That said, the Rarity Tool platform is a fun and useful site dedicated to supporting the NFT community and providing the information needed to rate digital purchases.


Pink and purple abstract image with "RT" Rarity tool logo in centre

Rarity Tool - How Rare is My NFT?

The NFT industry has made great strides since the early days of non-fungible tokens. Even though 2022 has been a quiet year for [NFTs](/news/article/nft-art-marketplaces), innovation has not stopped, thanks to Ethereum and other networks like [Solana](https://solana.com/) and [Polygon](https://polygon.technology/) that have taken charge. New genres, like comics, have emerged along with new projects.

One unique idea in the digital art space has been [NFT comics](/news/article/next-disney-nft-drop). These NFTs are not only transforming comics but are also allowing fans to be part of comic creation. [2142 AD](https://www.2142ad.com/) is one major project in this area. It introduces collectable-based comic books run through a DAO.

This article will take a deeper look at these NFT comics and explore how they transform the digital art industry.
What’s the 2142 AD project?

It is a groundbreaking digital collectables project that introduces NFT comics. 2142 AD brings forth the idea of a decentralised storyline in which anyone can participate. It is a decentralised autonomous organisation ([DAO](/news/article/smart-contracts-blockchain)) that allows you to create, mint, and trade comic pieces as NFTs. 

2142 AD is a transmedia storytelling project first introduced in 2021. Behind the project is a highly competent team from Belgrade, Serbia. The co-founder, Dušan Zica, serves as this comic project’s CEO and chief operating officer. 

Å½ica has worked in the video gaming development industry for about seven years and has experience in advertising and copywriting. It is a seven-member team in which all the individuals are affiliated with game development.

The project is based on [Web3](/news/article/what-is-web-3.0-crypto) tech to introduce digitised comics. On top of that, its decentralised story sets the tone for a role-playing tabletop game in a virtual world. This brings a unique feature for both comics as well as NFT collectors.  

## 2142 AD NFT comics

The idea behind this project is to propel novelty in the industry. Currently, the market is saturated with an array of rip-offs of popular collections. That’s why they launched a project with a fresh vision for GameFi NFT comic books. It uses the DAO mechanism, so the collectors enjoy the ownership of these NFTs. 

The collectables of this project can be entire comic book pages, single panels, or complete strips. The genre of the stories its books follow is sci-fi, with major themes in its books being a dystopian future, aggressive capitalism, and an AI takeover.

## Storyline and setting

As its name suggests, its storyline is set in the year 2142, a couple of years after all the [BTCs](/coins/btc) were mined. It depicts a world where large corporations are controlling the world order. There are no signs of decentralisation, and humanity has become a bondslave of virtual reality. 

Moreover, the world economy is in dire crisis because of the completion of Bitcoin mining. Masses are on the brink of poverty, and substance consumption is rising. The Metaverse has snatched people's freedom, driving society towards hopelessness.

Amid this gloominess, a ray of hope appears with the restoration of Satoshi Nakamoto’s wallet. A mysterious figure started using it to buy off large enterprises. This gives the less fortunate class a chance to rebel against the system. Following that, spirits of ancient entheogens awaken, and a few AI factions also side with rebels.  

## Major themes in 2142 AD webcomics

The significant themes comic book lovers will find in these NFTs are:

1.	Dystopian future.

2.	Aggressive capitalism.

3.	Cyberpunk future.

5.	Spiritual awakening.

6.	Sci-fi adventure.

7.	Mythical and urban legends.

## How do NFT comics work?

The platform works as a decentralised autonomous organisation (DAO). It allows digital art collectors to engage in every process of webcomic creation. Everything from the storyline to the [minting of NFTs](/news/article/instagram-nft-minting-and-trading) is based on the members’ votes. That’s why the entire ecosystem is community-driven and focuses on interaction. 

It provides a platform to create, mint, and collect digital art pieces. You will have 21 items for crafting NFT bundles. With these items, you can create comic covers, panels, and entire book pages. You can also organise these pieces to compile an NFT comics issue to uncover the entire plot. 

You can sort a webcomic issue by burning a few pieces and merging them into one. There are blank pages, which you can mint to assemble the story. You can then mint different panels to organise a page. 

Similarly, you can complete an episode by minting the covers. However, each cover, page, and panel is a separate asset with a different value.

## As Above, So Below - The first issue

The first issue in this NFT comics series is “As Above, So Below”. It is currently available on the official website of the project. You can also find these comic panel NFTs on [OpenSea](https://opensea.io/collection/2142-1-as-above-so-below). 
 
The story starts with the events of mythical legends that took place more than three million years ago. It gradually moves towards the ongoing events in the 2142 AD world. It depicts how capitalists use artificial intelligence (AI) to suppress poor people, presenting the sombre image of a society enslaved by technology.  

![nft2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/nft2_2d940302a2.png)
 
The story portrays the revival of ancient deities that inspire the common people to fight against greedy corporations. People unite in rebellion against the system, and some AI factions also help humans bring decentralisation.   

Bottom line

Lately, there have been many redundant projects in the non-fungible token market. It has limited creativity and growth of these assets. Therefore, the NFT comics by 2142 AD are a refreshing project in this market. They offer sci-fi genre stories that are not only for webcomics, but pave the way for web series and RPG tabletop games.

On this platform, you contribute to the stories via DAO-based voting. Additionally, it allows you to create, mint, and trade these tokens in one place. Being a comic collector, this project will enable you to assemble entire issues and comic books.



pink comic book scene of man standing up a tree in a jungle

NFT Comics and 2142 AD

[Play-to-earn](/news/article/play-to-earn) games are gradually gaining some popularity in the gaming community. Many cryptocurrencies are now being launched through blockchain games. One of them is [Battle Infinity](https://battleinfinity.io/), which is a fantasy game for sports fans. 

This gaming platform brings in all the features of blockchain technology itself. It introduces its native crypto, non-fungible tokens as in-game accessories, P2E features, and some Metaverse elements. You can also earn incentives and generate a passive income.

Here’s a thorough guide to getting started with the Battle Infinity crypto. Let’s dive in!

## Battle Infinity: A quick overview

It is a play-to-earn battle game that introduces you to its Metaverse world, the Battle Arena. It creates an immersive environment for sports fans to enjoy a more realistic battling experience. Since it is a blockchain game, it has its utility token, IBAT. The platform is also looking to launch its NFT marketplace and in-game accessories store.

According to its [whitepaper](https://whitepaper.battleinfinity.io/welcome-to-battle-infinity/), its ecosystem will likely include an IBAT Premier League, a token-swapping platform, an NFT market, an in-game accessories store, and a token-staking platform. The Premier League has a unique feature of NFT integration. It will allow players to create a team and earn rewards for its players’ performances in real-world games. You can also manage and trade your teams as they will be NFTs. 

The platform’s market and the store will allow you to purchase collectables and other accessories. Its swap feature will offer a platform from where you can get [IBAT](https://coinmarketcap.com/currencies/battle-infinity/) tokens and others. Besides, you can also stake your tokens by locking them on the platform and earning rewards through it. 

## The benefits of playing Battle Infinity

Playing Battle Infinity can benefit you in various ways. Here are a few of them:

1.	This P2E game can earn you a modest return on investment and become a consistent income stream. 

2.	It also gives staking incentives and various other rewards through IBAT tokens.

3.	Through this game, you can collect valuable non-fungible tokens, which are in-game assets.

4.	Playing this game will make you part of a growing community of gamers and crypto users. 

5.	It allows sports fans to create their fantasy teams and earn rewards. 

## Battle Infinity crypto (IBAT)

Battle Infinity is a P2E game that runs on its native cryptocurrency, IBAT. The token is developed on the [Binance Smart Chain](https://www.bnbchain.org/) with the BEP-20 token standard. It is a blockchain utility token used for all kinds of transactions, reward distribution, and staking. You can also use it to put on advertisements on the Metaverse billboards. 

The total supply of the tokens is 10 billion, divided into eight parts. The largest part (28%) was assigned for the presale. The second largest part is given to the founders and partners. Another 18% goes for advertisements and coin listings on exchanges. Different percentages are also assigned for liquidity, legal team, foundation development, team allocation, and private sales.

![battle 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/battle_1_09dd06e385.png)
 
[Source](https://battleinfinity.io/)

## Battle Infinity price prediction

The IBAT is still at its nascent stage, with its current value only being $0.00254. Its market cap is only $8,013,854. To get an idea of where its price will head in the coming days, you have to look at the developments in the project. 

Various features of the platform still need to be made live. However, one exciting piece of news that has come out for this project is the launch of the swapping feature. On 16 November 2022, it launched the [Battle Swap](https://dapp.battleinfinity.io/swap), which will work as its decentralised exchange. This addition may play out well for IBAT’s position in the market. 

Moreover, in its ongoing developmental phase, it will introduce Battle Infinity’s Alpha DApp on the Google Play Store. It may further help in increasing the popularity of this game. Also, as P2E gaming becomes more mainstream, projects like these are likely to be in demand. So, in the future, you can expect IBAT's price to go up.

## How to buy a Battle Infinity crypto?

It is still a new project and is only listed on a few exchanges. That’s why purchasing a coin can be quite challenging. However, it was recently launched on PancakeSwap, where you can easily buy it. 

Here’s the complete procedure for buying the Battle Infinity crypto.

1.	Create a crypto wallet

You must set up a digital wallet to store the tokens to purchase Battle Infinity tokens. It is recommended to use a trusted decentralised wallet like [MetaMask](/news/article/what-is-metamask), which is compatible with BSC. 

You can easily create your account by downloading its app on your phone or getting its extension on your device. Once it’s downloaded, go to the ‘get started’ option. Simply follow the instructions there, and you will have your crypto wallet.   

2.	Integrate wallet to BSC

After that, you have to integrate your wallet into the Binance Smart Chain ([BSC](/news/article/bnb-price)). Integration is necessary since the Battle Infinity token is built on BSC. You can do this through the network options.

By default, the name of the network is Ethereum. You would have to change it to RPC network and then select BSC. You would also need to enter the following details.

![battle2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/battle2_ba6b908f6e.png)
 
[Source](https://docs.pancakeswap.finance/get-started/connection-guide)

3.	Purchase Binance coin

You should have Binance Coin (BNB) to buy IBAT through PancakeSwap. You can easily purchase it through any of the top-rated exchanges. After that, transfer the coins to your [crypto wallet](/news/article/crypto-wallet-multiple-currencies) so that you can swap them with IBATs.

4.	Connect your crypto wallet to PancakeSwap

IBAT is now listed on the PancakeSwap exchange. Once you have purchased BNB, you must connect your crypto wallet to this exchange. First, ensure that the network is Binance, then go to the Browser option on MetaMask. Search for PancakeSwap exchange there and simply proceed with Connect. You can follow [this guide](https://docs.pancakeswap.finance/get-started/connection-guide) for more assistance. 

5.	Buy IBAT coins

Now, go to the PancakeSwap dashboard and select the swap option. Here, search for IBAT tokens and pick them. Then type the amount of BNBs you would like to swap for IBATs and note the slippage tolerance. Recheck all the details and proceed with Confirm Swap to complete the purchase of IBAT coins. 

6.	Import IBATs

The last step is importing the contract address of IBAT tokens to your MetaMask wallet. Go to the Import Tokens option on your wallet and enter the address there. Also, you have to add the coin’s symbol and decimal and finally proceed to add tokens.

## Closing thoughts

Battle Infinity is a budding project that brings all the novel features of blockchain and [Metaverse](/news/article/metaverse-games) to the gaming world. It appeals to sports enthusiasts and allows them to assemble a fantasy team. Besides, it has its crypto, IBAT, which can be profitable for gamers. You can stake these tokens and earn rewards against them. It may even launch valuable in-game NFTs on the platform in the future.



purple image of technology with battle infinity logo in the middle

Battle Infinity: A Beginner's Guide

NFT farming is based on token staking and liquidity farming concepts, with users staking native tokens to earn an additional yield via an NFT-based reward. Unlike conventional staking, which pays out the reward in the natively staked token, users can obtain much rarer and more distinctive yield-generating assets through NFT farming. Earnable tokens can vary greatly depending on the token being staked, the project's use case, and what the native development teams deem to be the appropriate reward to be made earnable.

NFT farming offers a value-generation event that gives additional value to the end user for projects that do not provide staking or yield generation. The rewards for NFT farming vary, but are primarily divided into collectable and utility-based NFTs.

Collectable NFTs can range from digital art and gaming items to rare and numbered assets, with exclusivity driving aspects of their appeal and value.

The second type of farmable [NFT](/news/category/nft-news) reward is utility-based tokens, which provide exclusive benefits to the asset holder when held. The possibilities for utility-based tokens are nearly limitless. They will continue to grow in complexity and value as more projects learn about the value propositions that NFTs can present to token holders.

## How does it function?

Non-fungible tokens are available on several blockchains, including Ethereum, [Polygon](https://polygon.technology/), and [Binance Smart Chain](/news/article/bnb-price). These digital assets follow certain specific standards and can therefore be used in a variety of applications. An NFT is interoperable as a result. Interoperability is the ability of various systems to communicate with one another, or in this case, the ability of one digital asset to communicate with multiple software applications or [smart contracts](/news/article/smart-contracts-blockchain).

Users will need a cryptocurrency wallet to get started with NFT farming. Metamask is one of the popular wallets for connecting to the Ethereum blockchain, Polygon, or Binance Smart Chain. Depending on the platform, they will require a specific token in that wallet. They must then stake this token in a pool. Users are rewarded based on their share of the total pool.

Staking portals convert compatible tokens into vaults where users can earn rewards. A growing number of staking portals will assist users in staking tokens to farm limited edition NFTs, which can then be sold on marketplaces like [OpenSea](/news/article/haas-f1-opensea-collaboration) or [Rarible](/news/article/rarible-nft-marketplace).

## Gamified NFT farming: Upcoming trend

Gamified yield [farming](/news/article/farming-games-in-metaverse), also known as NFT farming, incorporates a video game layer into the yield farming process. Alien Worlds and Cometh are two products that add a gaming element and a sense of competition to the concept.

Axie Infinity is a more interactive game where players can earn SLP tokens that can then be exchanged for real money or used to make new NFTs.

## Risks involved

NFT farming is a great way to diversify the cryptocurrency portfolio, but it has risks like almost every other aspect of blockchain. 

Composability, one of its most significant advantages, is also a disadvantage. Smart contract bugs add another significant risk. The majority of this technology is still in its early stages of development and the consequences of a system bug would be disastrous for cryptocurrency traders.

## Bottom line

The NFT market is rapidly growing. This emerging trend in the market has given digital asset holders and traders more flexibility in addition to buying and selling their NFTs. They can monetize their digital tokens by earning rewards by converting them into liquid assets.

NFT Farming Explained

Former US President and crypto critic [Donald Trump has launched his own NFT collectible](https://collecttrumpcards.com/) project, and the move has perplexed the crypto community.

Even conservatives and adamant MAGA supporters are baffled. Analyst Eric Wall compared the Trump NFT project to a "SimpDAO".

The word "SimpDAO" was coined after social media sensation Irene Zhao introduced IreneDAO. The NFT project gives 'Simps', or admirers, an opportunity to connect over their love for Trump while also receiving perks like one-on-one dinners and Zoom calls.

## Donald Trump NFT tokens unveiled

On Thursday, the former president made a "major announcement" through his social media platform, [Truth Social](https://truthsocial.com/). He unveiled a collection of 45,000 NFT [trading](/news/article/tradingview-uk-101) cards with artwork that featured himself in various outfits, such as superhero costumes, golf attire, and hunting gear.

He described the NFTs as containing incredible artwork about his life and career and that buying one is an entry to "a very exclusive community".

The [Polygon](/news/article/polygon-bridge-guide)-based NFTs cost $99 per token. Purchasers automatically enter sweepstakes with "thousands of prizes", including one-on-one dinners in Miami, Zoom calls, and rounds of golf with Trump. The tokens can be purchased using [ETH](/news/article/ethereum-price-in-uk) or fiat currency.

## Digital collectibles promotion

The former world leader urged fans to purchase the so-called Trump NFT tokens, which he expressed as "much like a baseball card", for "only" $99 each.

In a brief clip, he said, "America needs a superhero!" while loud music from Marvel World played in the background.
An animated version of the ex-president then appeared, posing in front of Trump Tower before tearing open his formal attire to reveal a muscular chest and a red T-logo bodysuit.

## Fan's reaction to "major announcement"

Critics on social media were amused and shocked by the announcement. Some people thought the ex-president might reveal details of his 2024 presidential election bid or other significant campaign announcements. While Trump's polarising moves are frequently embraced by his supporters, a surprising number of them have not supported him in this case.



pink image of nft motherboard. Donald Trump and USA flag in foreground. 

Trump NFT Collection Raises Eyebrows

You have yet to jump into the world of non-fungible token (NFT) virtual land; this is a beautiful opportunity to cash in on the gold rush. NFTs are like stocks and shares because each token represents something unique.

For example, think of a gaming company releasing special edition NFTs for their products. If you own the NFTs, it acts as some kind of representation for you holding a share in the business and gives you access to real-world benefits! You may now play a whole new level or character that has yet to be released for sale.

## What’s the big deal about virtual land?

Virtual land is becoming a hot topic in the gaming and blockchain space. But what is it all about, and should you care?
[Virtual land is a non-fungible token (NFT)](/news/article/nft-land), meaning each token has one unique attribute. Virtual land can be bought, sold, traded, and rented to other players. The value of virtual land rises and falls based on demand.

So why should you care about this new kind of virtual asset? It’s a new way to play games! NFTs allow you to customize your avatar by buying items or decorating your house with virtual furniture or walls. You could even trade them with other players or buy more expensive ones with real money!

## How does it work?

Virtual land NFTs work through a series of smart contracts. These contracts are a set of rules that govern how people can interact with the virtual land NFT, what they can do with it, and what happens when they try to do something that isn't allowed.

To use the virtual land NFT, you'll need to find someone who has already bought some from the owner and is willing to sell you some. Once you've seen them, you can use the smart contract to transfer ownership of the land from one person to another.

## How do I get some virtual land NFT for myself?

First, go to the website of the company that you want to purchase from. Then, you will see a menu on the screen's left-hand side. Click on "buy" and "select a token type." You will see several different types of tokens available for purchase. You can buy yourself some virtual land NFT by clicking on any of these tokens or clicking on "Buy Now."

Once you have clicked on either option, you will be redirected to another page to choose which type of virtual land NFT you would like to purchase and how much you want to spend (if applicable). Once all this information has been entered into their system successfully, they will email you instructions on receiving your new purchase!

## The business potential of blockchain-based virtual worlds

Blockchain-based virtual worlds can be a powerful tool for social and political change, but they also present [business opportunities](/news/article/jay-z-cryptopunks-nft).

Virtual land has been around for decades; it's used in many games and virtual reality platforms to express ownership and share it with other users. The most common example is Second Life, which introduced the concept of digital land ownership in 2003.

Over the last few years, blockchain technology has enabled new ways to manage digital assets - including virtual land - that are more secure and transparent than ever. This has led to the creation of new tools that allow users to create their digital currencies, buy and sell digital items (such as game characters), or even create entire games that don't require any human input at all.

These innovations have opened up many new possibilities for businesses capitalizing on blockchain-based virtual worlds.

## What’s next for real estate in CryptoWorld?

The real estate industry is entering the world of crypto. The concept of virtual land NFT is exciting for investors and developers. You can buy or sell land without having to leave your home. This is a great way to build a portfolio without the hassle of traveling or driving around.

Many companies offer this service when it comes to [buying real estate with cryptocurrency](https://www.bankrate.com/real-estate/buying-a-house-with-cryptocurrency/). One of the most popular ones is "Buying Real Estate with Bitcoin" (BEWB). The company has been around since 2017 and has helped thousands of people purchase property using its platform. They offer everything from houses to apartments worldwide, so wherever you live, there will be something available for sale on their site!

Another great thing about buying virtual land NFT is how easily it can be done by anyone who wants access to these types of services, regardless of whether they have previous experience!



pink image of 3d virtual house plot with "For Sale" sign

The Virtual Land NFT Rush: Why Not You?

[Invisible Friends](https://invisiblefriends.io/) NFT is a popular collection launched and minted in February 2021 by famous 3D digital artist Markus Magnusson. Each NFT is a unique 3D figure in a collection of 5,000 pieces. The series explores the concept of imaginary friends.

It is one of the first animated NFT series, and its release and immediate success sparked a 3D animated NFT series trend.

The collection was so trendy that KITH, one of the largest global lifestyle brands, collaborated with Markus to create a spinoff series called KITH Friends. This new series was launched in March 2021 and is an ongoing collaborative project between the two artists.

## Utility

NFT holders benefit from the collectible by receiving [airdrops](/news/article/terra-luna-second-airdrop), one-of-a-kind experiences, and membership in their private group. Most notably, the holders will be able to mint an upcoming 3D series called 3D INVISIBLE FRIENDS by prominent artist Nguyen Hunt.

All holders will have access to the whitelist and presale, which means they can purchase the digital [token](/news/article/crypto-coin-vs-token) at a low cost and sell it for a profit. Aside from that, other airdrops of Markus's original artwork are expected in 2023.

## Floor price

Since the start of the [crypto](/news/article/what-is-web-3.0-crypto)-wide bear market in 2022, the Invisible Friends NFTs have been one of the few collections that have maintained relatively strong valuations. The current floor price for the token is 2.4 ETH, or approximately $3,725. This represents a decrease from the project's average floor price of 7.1ETH since its inception.

## Is investing in Invisible Friends a good idea?

In the [crypto market](/news/article/crypto-fear-and-greed-index), Invisible Friends NFT has been one of the most popular and consistent [investments](/news/article/best-exchanges-for-crypto-uk). The series value has held relatively well during the 2022 bear market, indicating a large holder base and interest in the collection.

Long-term holders may be rewarded through airdrops and collaborations with other artists. The latest collaboration with Nguyen Hunt shows that the project is gaining traction among well-known artists.

It is a collection worth considering for your portfolio if you're looking for a comparatively safe and established digital asset investment.



pink iamge of blockchain with invisible friends man in foreground

Invisible Friends NFT: A Guide

Niftify is an e-commerce NFT platform where users can buy, bid, create, sell, and swap NFTs. The platform also allows users to create, launch, and operate compliant NFT stores and marketplaces with no coding required.

Launched in 2021, [Niftify](https://www.niftify.io/) is easy-to-use and highly secure. It supports lots of popular crypto wallets, including its very own custodial wallet, and features plenty of payment options, including the use of credit cards. It currently operates on the Ethereum and Polygon networks with plans to expand to more.

## Niftify features

Several features enable Niftify to stand out;

•	Launchpad: A place where creators, startups, and corporations can find all they need to launch NFT collections. It is also a place where users can support creators.

•	Swap: The feature allows users to exchange NFTs. They can, for example, exchange multiple NFTs for one NFT. They can also add value to a lesser-valued NFT to exchange it with a higher-valued one.

•	Sales tax automation: The feature ensures sales taxes are always properly charged to all users maximizing compliance.

•	[Marketplace](https://marketplace.niftify.io/): A place where users can sell and buy NFTs. It features plenty of NFT collections, including Invisible Friends, Veefriends, and the popular Bored Ape Yacht Club.

## Native token

Niftify has a native utility token called NIFT. It is Ethereum-based (ERC20 token standard) and is used to incentivize actions within the ecosystem. For example, those who hold the tokens receive discounts when paying service fees. They can also be staked.

The tokens have a max supply cap of 200 million coins. There are currently 11,500,769 of them in public circulation.
As of writing, according to [Coinmarketcap](https://coinmarketcap.com/currencies/niftify/), each of the coins is worth $0.00428. They are ranked the 2,283rd largest cryptocurrency, with a live market cap of $49,162.35.

Considering its price, the NIFT token offers a great entry price into the crypto market. However, it is not listed in many crypto exchanges. Some exchanges where it can be bought include Gate.io, BitMart, and MEXC.

Another inconvenience is that the coins can’t be bought directly with fiat. To invest in the cryptocurrency, you'll first have to buy ETH or BTC from a fiat-to-crypto exchange. Then you must move to a crypto-to-crypto exchange that lists NIFT and use your ETH or [BTC](/coins/btc) to buy the coins.

## Niftify Staking

Niftify allows anyone with NIFT tokens to stake them for rewards. The process is, however, not reversible once initiated.

[Staking](/news/article/what-is-staking-crypto) on the platform comes with a lock-up duration. Those who wish to participate in NIFT staking can, however, determine the lock-up duration, which is between 0 to 365 days. Once locked up, there is no way to reverse the process. There is an unstaking period that lasts seven days.

Staking on Niftify is immediate. The rewards vary depending on staking duration, the amount staked, staking pool size, and the stakers’ population.

## PNFTs

Niftify also allows users to buy, sell, and trade PNFTs or physical non-fungible tokens. The tokens represent tangible or physical objects like electronics, vehicles, and furniture.

PNFTs have several benefits, including:

•	Trading speed: they are easy to buy, sell, or trade. Owners don’t have to possess the physical assets to sell them.

•	Liquidity: because they are easy to buy, sell, and trade, they are highly liquid. Anyone can buy and resell them from any corner of the globe.

•	Access to assets: they allow access to assets that could not be accessed and bought online, like vintage vehicles.

## Conclusion

Niftify is an ambitious e-commerce NFT platform that looks to change how people interact with NFTs. The platform offers great features to help with NFTs, NFT stores, and marketplace creation. Its lazy minting feature is a notable feature that helps ease the NFT creation process.

So far, the company behind the platform has entered into some strategic partnerships. These include partnering with acrobatic dunking world champions Dunking Devils to sell NFT-based event tickets in Slovenia. The company also partnered with the Repton Family of schools to launch NFTs for students.


blue image of phone on a laptop with niftify logo overlayed

What is the Niftify Platform?

[Gnox](https://gnox.io/) is a DeFi investing platform that helps users streamline crypto investing while generating passive income through yield earning, lending, and other decentralized protocols. Powered by the native GNOX utility token, the Gnox platform runs on BNB Smart Chain (BSC). There are more than 200 million tokens in the GNOX token sale, i.e., almost 80% of the total supply. Users need to pay a 10% tax for each Gnox transaction.

## How does Gnox crypto work?

Gnox helps make DeFi investing accessible to crypto users who might just be getting started with the decentralized finance space. Gnox uses treasury funds to enable investments across crypto borrowing and lending services, the [NFT sector](/news/article/free-nft-giveaway-legit), and pools of tokens providing liquidity.

[Gnox makes up to 500% yield](https://docs.gnox.io/gnox.io/why-defi-treasury) for its liquidity-providing service. The company plans to harness the power of multichain functionality to unlock the true potential for high yields on Ethereum (ETH), BSC, Avalanche (AVAX), Fantom (FTM), Near Protocol (NEAR), Cronos (CRO), Velas (VLX), etc. With Gnox crypto, you get up to 50% APR.

## Gnox crypto: supply, price, and token sale

Currently, there are 206,000,000 GNOX tokens, represented by the $GNOX symbol. The value of the Gnox token during the GNOX sale climbed from $0.100 to $0.015. In the second phase, Gnox tokens were sold for $0.016. Now, with a Gnox crypto pricing of 0.016 cents, the Gnox market cap is approximately $3.2 million.

79% of the Gnox token supply (161 million GNOX) is up for the three-phase token sale. Gnox crypto that will not be sold as a token will be distributed like this:
 
•	5% for each of the team, marketing, and development.

•	6% for the public.

## Gnox tax breakdown

A 10% tax must be paid against each transaction of the Gnox crypto token, fulfilling several use cases, such as marketing incentives, community reward distribution, and treasury capital regeneration. GNOX holders get monthly DeFi rewards, but the owners get a share of each GNOX transaction every 60 minutes.

•	1% of every transaction goes to the holders in $BUSD.

•	1% of each transaction goes to a Liquidity Pool for Pancakeswap for creating a stable price floor.

•	6% of every transaction gets transferred to the DeFi Treasury.

•	2% of all transactions is used for marketing efforts so the company can get a consistent flow of new users.

## Gnox treasury

Gnox’s stablecoin holdings, NFTs, and DeFi liquidity pool (LP) tokens make its treasury, which serves two main purposes:

•	It helps collect rewards accrued from DeFi yield-bearing protocols and redistribute a part of these rewards to GNOX owners.

•	It holds NFTs to create long-term appreciation opportunities.

It’s hard for investors, especially newcomers, to evaluate and get DeFi returns because of the complex and fast-paced nature of cryptocurrencies. A majority of entry-level investors don’t fully understand how to benefit from providing liquidity, loaning protocols, and other DeFi strategies. Gnox is trying to bridge that difference.






Latest Moni

Digital Art News

Read the latest Digital Art news.

How Sudoswap is Revolutionizing NFT Trading

Premint - How Does It Work?

How to Find New NFT Projects Early

How to Make NFT Art in 5 Steps

F1 Ferrari Team Breaks Ties with Crypto Firm

Bored Ape Solana Club Explored

BitBoy Crypto Accused of Threatening Lawyers

Nigeria CBDC Adoption Soars Amid Cash Shortage

Rocketpot Bitcoin Casino Review