NFT has taken not only the art world by surprise but the entire human race is currently facing one of the biggest art booms in the history of man. We hear news of how young teens like Beeple sell an NFT for $69 millionaire. The sale positions him “among the top three most valuable living artists,” according to the auction house.
Learn, Trade And Earn Crypto with Bitcoin Gorilla 24/7Embedding Style Sheets
With billions of dollars flowing in daily into the NFT marketplace, everything is changing fast, like how art is collected, stored and most important is solving the issue of piracy in the art industry. But how can all this boom benefit you as an investor or trader when you are not a collector or an artist?
Although you may think any digital image can easily immediately be copiable with a quick screenshot or “right-click, save-as”, right? well, NFTs are based on cryptographic technology that does not allow duplication to happen. In this article, I will share with you everything you need to know about NFT crypto tokens, How they can benefit you as an investor or a trader, where to buy these coins, how to store them or sell them when you are ready to take you profit.
What is NFT?
The full meaning of the abbreviation NFT is ” Non-fungible token”. The word non-fungible in lame man English simply means one of a kind, and so NFTs are unique and cannot be replicated or replaced with anything else. NFT-based art comes in all types and forms. It could be a photograph, a picture made with digital media (using a computer screen and software instead of a traditional canvas and paint), a video, a musical composition, writing, even a video game.
This can mean that something or a part of something cannot be changed for something else that is the same as it, anywhere or you can say it is a non-interchangeable unit, this means that when you trade an NFT you will get something entirely different in return. This matters a lot to all artwork no matter where the artwork is located around the world. read more about the meaning of NFT here.
What is NFT Crypto Coins?
While an NFT is built with the same technology as cryptocurrency called cryptography(cryptography is the study of secure communications techniques that allow only the sender and intended recipient of a message to view its contents. … Here, data is encrypted using a secret key, and then both the encoded message and secret key are sent to the recipient for decryption), like Bitcoin or Ethereum, the similarity ends there. Why?
Because NFTs are different. Each NFT (virtual asset) has a digital signature, via encoding, which makes it impossible to be exactly replicated. you might have seen the same artwork with thousands of different versions but each version is unique by the style change compared to the previous version of the artwork.
Ethereum is the most widely used cryptocurrency in minting NFTs and in NFT marketplaces. The top marketplaces such as OpenSea, AtomicMarket, Rarible, and others use Ethereum as the primary medium of trade. Before now, Etheruem was the major means of payment for not just gas fees but also when transactions within the nft market places. The major issue with Ethereum is the high gas fees, this is leading many NFT platforms to start looking for alternatives like creating their own coins that are used to transact and pay for fees on their platform.
A good example of NFT Crypto Coins
Platforms in the nft industries are now coming up with better solutions of how they can manage high fees by creating their own coins that can be used as fees, rewards, or a means of transacting on their platform. a good example is the Axie Marketplace( Axie Marketplace is the online shop for the video game Axie Infinity. On Axie Marketplace, players can buy new Axies, as well as entire lands and other items, as NFTs for use within the game using the Axie Infinity tokens (called Axie Shards) are built on the Ethereum blockchain.
axie infinity coin is a good example of nft crypto coins, These coins are now being traded on exchanges above and more, meaning you do not have to play the game to benefit from Axie Infinity token. AXS is an ERC-20 governance token launched in November 2020.
As such, they can be bought and sold on a variety of other NFT marketplaces, as well as on some cryptocurrency exchanges such as Coinbase Global(. An easy way to think of Axie Infinity is to imagine a blockchain game that combines Pokémon, CryptoKitties, and card game elements.
These coins can now be easily traded on some crypto exchanges, meaning you do not have to be an art collector or artist to benefit from the current NFT boom. As the NFT platform usage increase, it increases the demand for the coins used in transacting on that platform This only means that you can buy and sell these coins on crypto exchanges to benefit from the rise and fall of the coins price on both Spot and Futures.
The current news from Facebook about the upcoming Metaverse project only gives the NFT tokens more chances of rising tremendously in the future as it is these tokens that will be used in terms of games, purchases of items, and goods because NFT arts will be playing a major part in the custom and designs of reality in the metaverse.
To better understand how NFTs will be used in the Metaverse, You might want to read this article by Yahoo Finance on the first collaborative NFT Marketplace in the Metaverse Is Finally Here called: Bluemoon to learn more about how NFTs will be used in the Facebook metaverse read more here.
Our Top Choice of crypto Exchange where to trade NFT Coins with peace of mind
Binance Crypto Exchange:
Binance is the best cryptocurrency platform which provides us with a very wide variety of cryptocurrencies to buy, sell or can exchange or share our crypto. It is also user-friendly and shows exactly real-time data. And now they provide future options which are the best and unique part of this platform. Binance has a trading volume of over $103,025,650,814.07 daily, this makes Binance the largest crypto trading exchange where you can trade NFts in the Binance NFT marketplace and NFT coins in the Binance exchange with peace of mind.
The Major Advantage of trading on Binance is the low transaction fees, Binance is known for charging the lowest trading fees to as low as 0.015%. To know more about Binance trading fees read more here. The only disadvantage of Binance comes if you are a USA citizen, you might not be able to access regular Binance exchange as Binance is currently restricted in the US, But the good news is that you can trade via the Binance.Us (only those in the USA can access this and also not all states in the USA are allowed)
Coinbase Crypto Exchange(If you are located in US)
Coinbase is the largest U.S.-based cryptocurrency exchange, trading nearly 100 cryptocurrencies. Coinbase fees, however, can be confusing and higher than some competitors. this exchange is the second-largest exchange according to coinmarketcap with a daily trading volume of $6,185,758,309.03. It offers access to nearly 100 cryptocurrencies. The major advantage of Coinbase is that US citizens can trade NFT crypto coins and other cryptocurrencies, unlike Binance, Coinbase allows all USA citizen the opportunity to trade NFT coins and other cryptocurrencies. The only disadvantage here is the high trading fees Coinbase charges and not all countries are allowed to access the platform.
The above list is not listed according to ranking. to view all nft coins currently trading on exchanges that you can buy and invest into visit here.
Top 9 NFT Coins Recommendations you can benefit From in 2022 -2023
There are my 9 hand-picked out of many NFT coins to choose from when it coin to what NFT coin you should invest into because there are over 3000 Tokens. go here to see top Non-Fungible Tokens (NFT) Coins according to coinmarketcap ranking by Market Capitalization.
– WAX (WAXP, $638 million)
This nft coin was released in 2017, this blockchain aims to make e-commerce transactions safer, quicker, and simpler for all parties. WAXP has gained more than 110% in the last seven days and is currently trading over $0.5008. It has an all-time high of $5.01 (December 2017) and an all-time low of $0.01596 (December 2019).
This nft coin was Launched in June 2017, it is a virtual reality platform, which is powered by the Ethereum blockchain. MANA is an ERC-20 token that needs to be burned to get the non-fungible ERC-721 LAND tokens. MANA has gained more than 3000% in the last seven days and is currently trading over$3.10. It has an all-time high of $4.69 (Oct 2021) and an all-time low of $0.007883 (October 2017).
If you would like to know where to buy Decentraland, the top cryptocurrency exchanges for trading in Decentraland stock are currently Binance, Mandala Exchange, OKEx, FTX, and CoinTiger.
– Axie Infinity (AXS, $4,291 million)
this Nft token was created in 2018, it is a blockchain-based trading and battling game that is inspired by popular games like Pokémon and Tamagotchi. It has its own governance token, called Axie Infinity Shards (AXS). AXS has dropped more than 2% in the last seven days and is currently trading over $141.00. It has an all-time high of $165.37 (Nov 6, 2021) and an all-time low of $0.1234 (November 2020).
If you would like to know where to buy Axie Infinity, the top cryptocurrency exchanges for trading in Axie Infinity stock are currently Binance, Mandala Exchange, OKEx, FTX, and Huobi Global
– Chiliz (CHZ, $2,110 million)
Founded in 2018, it powers the first-ever blockchain-based fan engagement & rewards platform, called Socios.com. Fans can use CHZ to buy branded Fan Tokens. CHZ has gained more than 5% in the last seven days and is currently trading over $0.5200. It has an all-time high of $0.8915 (March 2021) and an all-time low of $0.004001 (September 2019).
If you would like to know where to buy Chiliz, the top cryptocurrency exchanges for trading in Chiliz stock are currently Binance, Mandala Exchange, OKEx, FTX, and CoinTiger.
– The Sandbox (SAND, $595 million)
This nft coin was launched in 2011, this blockchain-based virtual world allows users to buy, sell, and develop digital assets in the form of a game. SAND has gained more than 13% in the last seven days and is currently trading over $2.55. It has an all-time high of $3.45 (Nov 03, 2021 ) and an all-time low of $0.02894 (November 2020).
If you would like to know where to buy The Sandbox, the top cryptocurrency exchanges for trading in The Sandbox stock are currently Binance, Mandala Exchange, OKEx, FTX, and CoinTiger.
– Flow (FLOW, $1,212 million)
Flow is a fast and decentralized blockchain to support a new generation of apps, games, and digital assets. The FLOW token is needed for the network and for the apps that are part of it. FLOW has dropped more than 5% in the last seven days and is currently trading at $12.82. It has an all-time high of $46.16 (April 2021) and an all-time low of $1.50 (January 2021).
If you would like to know where to buy Flow, the top cryptocurrency exchanges for trading in Flow stock are currently Binance, Mandala Exchange, OKEx, FTX, and Huobi Global.
– Smooth Love Potion(SLP, $177 million)
Launched in 2019, Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves as a replacement for experience points. It can take time to accrue SLP through the game, and a player may need to win 15 competitions in order to gain enough tokens to perform their first breed.
Purchasing SLP on the open market is a way for gamers to get a headstart. SLP is also unique because of how it has become one of the few in-game tokens to be listed by Binance in its Innovation Zone. The exchange has reserved this trading category for assets “that are likely to have higher volatility and pose a higher risk than other tokens. SLP has dropped more than 83% in the last 8 months and is currently trading at $0.07022. It has an all-time high of $0.4191 (May 2021) and an all-time low of $0.009543 (July 2020).
If you would like to know where to buy Smooth Love Potion, the top cryptocurrency exchanges for trading in Smooth Love Potion stock are currently Binance, Mandala Exchange, OKEx, FTX, and Bitget.
– Alien Worlds(TLM, $232 million)
Alien Worlds was created in 2020. Alien Worlds’ first unique feature is that it is a gaming metaverse that features numerous DAOs, giving every TLM coin holder a stake in deciding who runs the platform, allowing people to use TLM to stake, vote, or even become a leader. In a testament to Alien Worlds’ popularity, it is the second-fastest-growing NFT game.
According to DappRadar, it is the second in all decentralized applications (DApp) and first in all DApp games by 24-hour users, Alien Worlds has hit a low of $0.0666 on (June 2021) and a high of $$7.19(April 2021). If you would like to know where to buy Alien Worlds, the top cryptocurrency exchanges for trading in Alien Worlds stock are currently Binance, Mandala Exchange, FTX, HitBTC, and FMFW.io (Bitcoin.com Exchange).
– SuperRare (RARE, $146 million)
Non-fungible token (NFT) marketplace SuperRare launched a “Curation Token”, SuperRare 2.0 launched on Aug. 17, 2021, on UniSwapV3. At launch, 15% of the RARE token’s total supply was airdropped to past users of the platform. Rare hit all-time high price of $3.79 (Oct 11, 2021) but has dropped 65% to hit a low of $0.3885(Aug 2021) If you would like to know where to buy SuperRare, the top cryptocurrency exchanges for trading in SuperRare stock are currently Binance, Mandala Exchange, ZT, Gate.io, and Uniswap (V3).
Conclusions
The current boom in the NFT market and the introduction of projects like Metaverse give crypto whole new sunlight to not just shine but enable investors to gain massively from investing early into the right projects. The above-listed 9 coins are good for long-term investment plans as most of these projects are relatively new meaning you will need patients to reap good results from them in 2022.
How do you store your NFT coins? Al the crypto exchanges above give you a free digital wallet to store your NFt coins, making it easy to sell off when you are ready to take profit without the need to transfer from one wallet to another. Once you buy any Nft coin in any exchange, the coin is automatically get store in you r Spot wallet. I will love to hear your opinion on NFT crypto coins below. Thanks for reading, Happy Trading.
fantastic put up, very informative. I’m wondering why the other specialists of this sector do not notice this.
You must continue your writing. I’m sure, you’ve a great readers’ base already!
Hello just wanted to give you a brief heads up and let you know a
few of the pictures aren’t loading correctly. I’m not sure
why but I think its a linking issue. I’ve tried it in two different internet browsers and both show
the same results.
fantastic put up, very informative. I’m wondering why the other specialists of this sector do not notice this.
You must continue your writing. I’m sure, you’ve a great readers’ base already!
Hello just wanted to give you a brief heads up and let you know a
few of the pictures aren’t loading correctly. I’m not sure
why but I think its a linking issue. I’ve tried it in two different internet browsers and both show
the same results.