Guides / 114 posts found
The Non-Fungible Point: NFTs Add Value to Digital Creative Work
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
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 […]
Are NFTs Securities? A Guide to Global Policies
Any digital asset, including non-fungible tokens (NFTs), can be classified by securities regulators as a “security.” But this begs the question of whether or not a prospective buyer is potentially subjecting themselves to a country’s securities law simply by buying and selling NFTs. The industry-wide expansion into the metaverse has opened the doors to associating and integrating digital assets into new virtual worlds, making it even more likely that these assets will eventually become commercialized and potentially subject to these securities laws. So, what do countries around the world have to say about NFT transactions and their characterization as a […]
Here’s Everything to Know About NFT PFP Projects in a Nutshell
PFP (profile picture) projects have become the hallmark of the NFT world since they exploded in popularity in 2021. They’re the bedrock of some of the community’s most famous projects, including Bored Ape Yacht Club, Doodles, Cool Cats, and CryptoPunks, the project that heralded the PFP revolution. As the name implies, PFPs are pieces of digital art that are meant to be displayed as profile pictures on social media. They have become a symbol of how people choose to identify themselves in the world of Web3 and, in some cases, are the only known identity of some famous Web3 figures. […]
Dive Into Three of the Top NFT Marketplaces
NFT marketplaces are platforms where collectors buy, sell, trade, and sometimes create (or mint) NFTs. They are the backbone of much of the NFT ecosystem. OpenSea OpenSea is considered the largest NFT marketplace in existence. Users can collect digital art, photography, music, and more, and the platform provides useful tools for NFT creators and collectors. It supports Ethereum, Polygon, Klatyn, and Solana blockchains. OpenSea takes a 2.5 percent fee off the final price of each transaction, and its supported payment methods include ETH/WETH, SOL, USDC, DAI, APE, and Credit/Debit cards via Moonpay. LooksRare LooksRare is another heavy hitter. A relatively […]
The Ultimate Guide to Azuki NFTs: Everything You Need to Know
Few projects have reached such levels of popularity and infamy as Azuki. A PFP project featuring 10,000 anime-inspired NFTs, Azuki’s path to prominence has been characterized by unrivaled hype, in-depth lore, and surprising controversy. First bursting onto the NFT scene in January 2022, Azuki quickly won the hearts of countless NFT enthusiasts as a potential new frontrunner of the then PFP-centric NFT market. Boasting a high mint price and complex roadmap, an air of exclusivity surrounding the still budding project was quickly amplified by the many influencers that labeled the endeavor a hot commodity. Early on, the project’s creators announced […]
The Ultimate Guide to Doodles NFTs: Everything You Need to Know
In just a few short months, Doodles has transformed into one of the most influential and beloved NFT projects in existence. The collection of colorful line-drawn characters has, quite literally, swept across the globe and ranks high on the list of top PFP (profile-picture) collections in terms of both popularity and sales volume. Doodles What is the Doodles NFT collection? Doodles is a collection of 10,000 generative NFTs created by Evan Keast, Scott Martin, and Jordan Castro. The team uses “working aliases” and are known as Tulip, Burnt Toast, and Poopie respectively. Before Doodles, Keast and Castro were already well-established […]
The Ultimate Guide to World of Women: A Pillar of Inclusivity in NFTs
World of Women (WoW) is an absolute juggernaut in the NFT space. One of the community’s greatest success stories, what began as a 10,000 edition PFP project aimed at providing a space for women in an otherwise “crypto bro” dominated ecosystem has grown into a well-known Web3-based brand that is exploring a range of ambitious media endeavors. The company continues to make headlines. In January 2022, Guy Oseary, the talent manager who represents Madonna, U2, and other big names, announced he would be adding WoW to this illustrious roster to aid in brand efforts to explore opportunities in film, television, […]
Cryptocurrency and NFTs: What’s the Difference?
NFTs. Cryptocurrencies. Bitcoin. Ethereum. Web3. To someone who has never directly interacted with these things before, the crypto world can seem obtuse, opaque, and overtly strange. All of which is completely understandable. The advent of the blockchain and the technologies it supports represent a sea-change on par with the advent of the internet itself. And just as people reacted to the early days of the internet with a wide variety of emotions that included skepticism, excitement, and outright fear, blockchain-based technology is inspiring the same gamut in people today. The two biggest unknowns of the technology manifest in the form of […]
How to Determine What NFTs to Buy: A Must-Read Guide
One of the most challenging aspects of buying and selling NFTs is finding the right one to purchase. Choosing the perfect NFT for your collection can be as simple as browsing a marketplace in search of art you enjoy (much like browsing through items on Amazon). This is where many people get their start in the NFT world. But NFTs offer a lot more than just art. Smart contracts in NFTs (bits of computer code that allow them to be minted and traded without third parties) let owners access unique assets contained within the NFT, manage their transferability, and more. […]