Guides / 42 posts found

The WAX Blockchain Has Become a Hub for Web3 Gaming. Here’s Why

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The Worldwide Asset Exchange, better known as WAX, is undoubtedly one of the most popular blockchains for non-fungible tokens (NFTs). Heralded as one of the most prominent networks for digital collectibles and virtual items, it’s a widely used and highly efficient choice for many NFT enthusiasts. And the blockchain has achieved this reputation despite flying under the proverbial radar, as landmark sales and viral collections on Ethereum, Tezos, and Solana continue to trump WAX in the court of public opinion. While art NFTs have been proliferated in mass by WAX’s competitors, the blockchain has maintained popularity as a host to […]

What is the Metaverse? A Complete Guide to Our Web3 Future

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Until recently, many believed the metaverse was nothing more than a pipe dream by technologists and sci-fi nerds. But since the pandemic, a shift towards digital interaction and the rise of digitally native consumers has led experts to see the metaverse as the next major shift in computing. From corporate boardrooms and mainstream media to indie podcasts, discussions of the metaverse abound. But how realistic is this vision for a digital reality that parallels IRL experiences? In a world of constant hype, sometimes the excitement surrounding anticipated impact of new technology outpaces its actual readiness for mainstream adoption. And, to […]

Inside Axie Infinity: A Deep Dive Into the World’s Largest P2E Game

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Axie Infinity isn’t just one of the biggest play-to-earn (P2E) games out there — it’s also one of the biggest NFT projects in the entire community, full stop. In large chunks of the world, Axie Infinity reigns supreme as the single most popular NFT. When it launched in March 2018, it presented users with an offer that almost seemed too good to be true: the chance to earn real money by playing a game. However, Sky Mavis’ Poké-clone has seen a rough couple of months. The company is still reeling following a March 2022 hack that saw hundreds of millions […]

Two Kinds of Major Rug Pulls You Need to Know

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A rug pull is a specific type of scam in the NFT world. It happens when the developers of an NFT project maliciously lure in a community of investors and then quickly abandon the project, making off with the money in the process. This can happen when the founders steal away with project funds after launching the project, but also if they sell off their pre-mined holdings. In either case, it’s a way of siphoning money from the community, leaving investors with an NFT that has no utility or community behind it, and sometimes, no NFT.  But only two kinds […]

It Only Takes a Few Steps to Mint Your First NFT

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Looking to sell your work as an NFT? Whether you’re an artist, musician, or photographer, the NFT world is ready to welcome your creations with open arms. Since NFTs are essentially digital files given scarcity (and therefore value) by way of the blockchain, nearly anything goes in NFT land. Art, music, GIFs, and even items in a video game; they’re all fair game to be sold as NFTs. Here’s a quick overview of what you’ll need to get started. First off, once you’ve decided what to sell, what comes next is where to sell it. Specifically, on which blockchain you’d […]

Everything to Know About the Solana Blockchain and NFTs

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Solana is already one of the world’s most popular blockchains when it comes to non-fungible tokens (NFTs) and decentralized finance (DeFi). It’s currently ranked as the fourth-most popular cryptocurrency globally, and there’s no question that interest in Solana NFTs, in particular, is heating up. Users want platforms with faster and cheaper transactions, and Solana answers both of these demands. As a result, a number of leading platforms are moving to — or already do — integrate with Solana. And as more and more integrations are added, users move to Solana at ever-increasing speeds. In this respect, Solana NFTs are one of […]

How to Buy an NFT in a Few Simple Steps

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So, you’ve done your research, learned the risks, and now you’re ready to buy your very first NFT. Congratulations! Here’s a quick guide to get you started. A basic overview How exactly do you go about choosing the NFT to start your collection? There’s no single answer — it all depends on you. Just know that NFTs don’t just give you an opportunity to support an artist you like. Through an NFT, you can support all manner of charitable causes, or even help fund your preferred political candidate’s campaign. Buying an NFT can be as simple as any other online […]

NFTL;DR | NFTs vs Crypto Explained in Under 400 Words

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If you’re having trouble understanding the difference between cryptocurrency and NFTs, we’ve got you covered with our NFTs vs. crypto guide. But if you need an even shorter explanation, you’re in the right place. We’ve created a bite-sized explainer on what they are, how they interact, and their main differences. Let’s dive right in. What is Crypto? Cryptocurrencies are blockchain-based digital currencies secured via cryptography. Because they’re so highly protected, they’re nearly impossible to counterfeit or double-spend. Bitcoin (BTC) and Ethereum (ETH) are the most well-known cryptocurrencies out there, but thousands exist. Anyone can buy and sell cryptocurrencies on decentralized […]

The Non-Fungible Point: NFTs Add Value to Digital Creative Work

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NFT is an acronym that stands for non-fungible token. These unique tokens are typically assigned to digital assets, like art or music, and are usually found on an NFT marketplace. Regardless of what they’re assigned to, the tokens serve one main function: providing proof of ownership. Thus, when people talk about buying and selling NFTs — in a literal sense — they’re not talking about the art, music, or whatever else attached to the token. They’re talking about the token itself, which gives them the right to claim ownership over the digital asset. These tokens are kept in digital or […]

How You Can Launch the Perfect DAO for the Web3 World

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Like many Web3 technologies, decentralized autonomous organizations have the potential to disrupt and transform the way that corporations, organizations, and nonprofits traditionally operate. But in the last year, decentralized autonomous organizations (DAOs) have made national headlines, garnering attention from investors, operators, and scientists alike.  But what makes DAOs so special? In this guide, we’ll walk you through the steps for DAO creation, important decisions to consider, and best practices for successful operation. However, first we need to talk about what a DAO really is. Unpacking DAOs for a Web3 future By definition, as listed in our nft dictionary:  “A DAO […]
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