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What is NFT. Beginner's Guide

Jul 7, 2022
What is NFT. Non-fungible tokens
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NFT is a non-fungible unique token, each instance of which is unique and cannot be exchanged or substituted for another similar token. NFT tokens are certificates that confirm the authenticity of digital art. If you buy something with an NFT token, you will own the original, no matter how many reproductions of that item exist on the internet. This makes it possible to provide proof of ownership. The data contained in NFTs can be associated with digital images, songs, videos, avatars, game items, and more. However, they can also be used to grant the owner access to exclusive merchandise, tickets to offline or online events. In addition, they can be used to link to physical assets such as cars, yachts, and more.

 NFT allow:

  • Own NFT items in games;
  • Invest in collectible and rare NFTs;
  • Staking with increased returns;
  • Have access to closed communities.

Most popular blockchains, supporting NFTs:

  1. Ethereum;
  2. BNB Chain;
  3. Solana;
  4. Wax;
  5. Polygon.

What do you need to buy NFT:

  1. Crypto wallet with NFT support;
  2. Wallet funds for fees and NFT purchases;
  3. Connect to the NFT marketplace;
  4. Select NFT and pay.

ТОP5 Marketplace NFT by number of users:

  • OpenSea - 320,84 K;
  • Magic Eden - 276,76K;
  • AtomicMarket - 202,46 K;
  • GemGem - 43,18 K;
  • Bomb Crypto Marketplace - 30,35 K.

Actual on 07/04/2022

Wallets for NFTs: MetaMask, Phantom Wallet, Trust Wallet, Nami Wallet, Math Wallet, Kukai Wallet, Enjin, Ledger.

TOP5 NFT collections by capitalization:

Bored Ape Yacht Club 897,700.0 ETH
CryptoPunks 666,933.3 ETH
Otherdeed for Otherside 514,060.4 ETH
Mutant Ape Yacht Club 326,112.17 ETH
CloneX  287,673.89 ETH

Actual on 07/04/2022

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