Guides / 59 posts found

Gala: A Platform Spending Billions to Build a Web3 Powerhouse

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For Web3 companies in the entertainment industry, it’s crucial to understand how flexible NFT minting can be, especially when the goal is to onboard as many people to Web3 as possible. This is why diversifying platforms still under construction is so common among firms making their ascent in the space. And Gala is attempting to do just this. Perhaps best known for its Gala Games and Gala Music platforms, it took steps to expand its lead within Web3 via the August reveal of Gala Film, a platform that offers users the opportunity to enjoy “watch-to-earn” mechanics. Calling Gala “ambitious” may […]

Literary NFTs: Here’s How Writers Can Leverage Their Passion in Web3

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In the last few years, platforms like Substack have upended the power dynamics of the legacy publishing industry, providing both established and emerging journalists with freedom, access, and uncapped earning power. Now, literary NFTs are adding fuel to this fiery paradigm shift, opening the door for unprecedented levels of collaboration, direct connection, and value creation between writers and their audiences.  While traditional publishing will never disappear, the power imbalance between creators and publishers will. This article will guide you through the basics of literary NFTs, including the potential benefits and downsides, use cases, pricing, community building, and copyright. First, let’s […]

CloneX NFTs and the Secret to Nike and RTFKT’s Success

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When Nike announced in late 2021 that it had acquired Web3 content developer RTFKT Studios, the news went right under the noses of the sneaker and apparel brand’s most die-hard fans. But the wider Web3 community took notice — particularly those tuned into the NFT space. With this new acquisition, Nike made its intent to carve a name for itself on the metaverse clear. The first step toward that lofty goal? NFTs. Today, thanks to the rapidly-growing CloneX NFT collection that launched in November 2021, it looks like Nike may reproduce its IRL cultural capital on Web3. In spite of […]

7 Powerful Tools for Tracking NFT Collectors & Trades

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It goes without saying: things move fast in the NFT space. And this makes staying up to date with mint dates, project reveals, timed auctions, and the like a difficult and sometimes nearly impossible task. Yet, keeping tabs on collectors and large-scale trades can sometimes be even harder. Because of this, some companies have built entire tool suites to help simplify the process. We’re not just talking about trading services like Rarity Tools and Trait Sniper, but those that make it easy to collate data about projects and individuals. Considering a single trade from an NFT whale can make or […]

Four Misconceptions About the Ethereum Merge Debunked

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It’s happening. The Ethereum Merge is going down in less than two days, as of writing. For those living under a virtual rock, the hotly anticipated Ethereum Merge refers to the upcoming Merge of the Ethereum mainnet with the Beacon Chain. Following this, Ethereum will move to a proof-of-stake (PoS) verification mechanism, which is touted as using at least 99 percent less energy than blockchains operating under a proof-of-work (PoW) consensus mechanism. We’ve already seen hard evidence of low-impact blockchains operating under a PoS model in the real world, thanks to Tezos, so the promise is irresistible. The Web3 community […]

Why Are NFTs Valuable? A Guide to the Merits of Non-Fungibles

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If you’re wondering how NFTs — essentially tokenized JPEGs — have sold for millions of dollars in the past few years, here’s the short answer that most people would give you: It’s because they’re art, and art is inherently valuable. Really. Many people think it’s as simple as that. However, we’ve also seen digital collectibles like NBA Top Shot and PFP NFT projects like CryptoPunks and Bored Ape Yacht Club fetch eye-watering prices on the open market. Neither of the aforementioned can be accurately characterized as art and art alone. So the question remains: What exactly makes an NFT valuable? […]

Fashion Design and NFTs? A Guide to Help You Break Into Web3

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Fashion is one of the purest forms of self-expression, acting as an integral touchpoint for social connection and communication. And as the divide between our real and virtual lives becomes increasingly blurred, consumers are now directing more focus toward digital appearance. This trend has already started to play out in the gaming industry, where the lion’s share of the revenue is generated by selling in-game virtual cosmetic items and goods. Fortnite has sold billions of dollars in cosmetic avatar skins in the last year, pulling in more than $50 million on NFL partnership skins alone. Fortnite As we embark into […]

Invisible Friends NFTs: A Guide to a Growing and Inclusive Collection

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The NFT community has remained divided for months on the utility of art. But when a project truly centered on quality and community comes around, why force the issue? That’s exactly what the Invisible Friends NFT project is — a collection of art that could stand on its own merit. But what is it exactly? As its name implies, Invisible Friends is an animated PFP collection of invisible people. So does that mean the collection is a coy way of packaging a collection of backdrops as a PFP NFT project? Or a nightmare fuel attempt at realistically depicting a transparent […]

DeGods and y00ts NFTs: A Guide to the Ultimate Comeback Story

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The DeGods NFT community is shaking up the NFT space in a big way. With a current floor price of 529.9 SOL, or more than $17,000 (as of writing), the DeGods collection has shot up into the top five most valuable NFT collections across all chains, coming in after Bored Ape Yacht Club, CryptoPunks, Mutant Ape Yacht Club, and Moonbirds. The collection has more than 4,300 unique owners and is one of the highest-ranked Solana projects on both OpenSea and Magic Eden. One of the most well-known and respected Solana-based projects, the approach of the DeGods y00ts mint, which launches […]

Rarity Tools Explained: A Guide to Ranking Rare NFTs

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Despite troublesome times, the excitement surrounding NFTs perseveres. For example, feelings of nostalgia and pride abound in digital ownership, reflecting how many feel about physical collectibles. For many collectors, minting NFTs is like opening a fresh pack of baseball cards. You never know the outcome, but there’s always the potential to pull out something rare. With the supply of most PFP projects at 10,000, the odds aren’t promising, but the potential to hit big is enough to pull in collectors. Others are more systematic, using NFT rarity tools to “snipe” NFTs off the secondary market by finding market opportunities where […]
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