Guides / 114 posts found
Why Are NFTs Valuable? A Guide to the Merits of Non-Fungibles
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
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
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
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
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 […]
Decentraland: The Ultimate Game for Your Virtual Land Hustle
Of the many projects designed to provide a more tangible way to experience the new possibilities of Web3, Decentraland might be the best yet. Despite the game’s technical shortcomings, this isn’t the type of game you can measure by most traditional metrics. It features simple graphics, sound, and gameplay that lags behind even the decades-old virtual worlds in Second Life. This raises the question: if it’s so behind-the-times, why bother playing Decentraland? The answer is simple: it’s the opportunity to participate in the continued development of a template for the virtual worlds in all gaming, thanks to its emphasis on […]
NFT Drops and Flops: A Definitive Guide to Diverse Mechanics
Choosing the proper drop structure is one of the most critical decisions for an NFT project founder. Not only can it make or break your launch from a financial perspective, but it also can serve as a leading indicator of your team’s preparedness, competence, and ability to handle the unexpected. Because, let’s face it: NFT drops aren’t perfect. Adidas’ Into the Metaverse public drop left minters with astronomically high gas fees and a sour taste in their mouths as bots swooped up a significant amount of the supply. The CloneX Dutch auction suffered hacks, bots, and dishonest community members’ front-running […]
A Guide to Magic Eden: A Young Marketplace Making Its Mark
Without the Ethereum blockchain, NFTs might never have gained notoriety. From landmark sales to the literal empires that sprung up on ETH, it once seemed Vitalik Buterin’s brainchild would always be the one-stop-shop for nonfungible tokens. But times have changed since the 2021 token craze, and the NFT ecosystem has expanded far beyond the reaches of a single blockchain. Now, NFTs are on nearly every major chain, with new marketplaces cropping up almost quarterly. Yet, these platforms aren’t all created equal, and at times, it’s significantly apparent which entities in the NFT space are running a sprint, and which are […]
A Pillar of the BAYC Universe: Meet the Mutant Ape Yacht Club
Few NFT collections are as popular as the Mutant Ape Yacht Club (MAYC). Second only to its Bored Ape predecessors, MAYC NFTs embody the same prestige as other blue-chip projects, with the bonus of being directly linked to the vast universe being built by Yuga Labs. While MAYC has become prominent, many enthusiasts remain oblivious to the origins and implications of the coveted collection. Yes, Mutant Apes is a subsidiary of Yuga, but the discerning factors that make them truly unique are often glazed over in the annals of NFT history. Why were Mutant Apes released in the first place? […]
A Complete Guide to Proof Collective’s Exclusive Web3 World
We can’t deny it: the concept of identity — and questioning it — is and will remain among the most intriguing capabilities as blockchain technology continues its evolution through modern society’s financial and cultural landscapes. Keeping in line with the decentralized and open nature of the Web3, anonymity (or pseudonymity) in the crypto and NFT space has forged novel dynamics. Until February 2022, for example, the identities of the founders of Bored Ape Yacht Club, the most successful NFT project in existence, were a mystery. But anonymity cuts both ways: It allows people to be active in the Web3 ecosystem […]