#Nft Types

[conkreetmonkey]

eBay scalpers boutta learn the hard way that nobody willing to spend $200 on a Karkat plush has $200 to spend on a Karkat plush.

[handweavers]

sorry it's still so funny that crypto and nfts like exploded and died after all that nonsense pyramid scheme scam shit and superbowl ads and bitcoin mining rigs ruining everything including the environment and it was all for nothing, it didn't change the world it didn't revolutionize anything it was all a complete scam and what remains of it still is. like blockchain tech isn't going anywhere it's probably going to exist in some capacity for the foreseeable future and crypto in general still exists (and existed before it became mainstream popular) but the vast majority of nfts, cryptocurrencies, etc are completely and utterly worthless now, shut down services, crashed markets and exchanges, etc. the only sad things are the people left holding the bag whose lives were ruined bc they got sucked into the scam and there's no justice or recompense + the sheer amt of environmental damage caused by this whole thing

[basofy]

lisa the ultra definitive edition campfire scene where ollie says "guys ive found a way to make art pieces using just keywords! this will be good for my business!" and garth kills him onscreen all gross and nasty with a lot of violent sound effects and you cant use ollie ever again because hes dead

[ai-art-thieves]

can you check this guy out?

they seem very suspicious...

also idk if they drew this or not, but i have a hunch it is either stolen or AI

What you are showing me is stolen work from this artist:

From the looks of it, this seems like a bot that preys on young artists so it can steal their work and either post it as their own or make it into an NFT.

Excellent catch, Aviary!

[artoounces]

Fixture by Sudtipos > https://t.co/uyiGMYVDUm... https://t.co/FFJwoYvIh0 https://t.co/H4qcCHxJvI https://t.co/MB9c9IBKd4

[wormsdyke]

sigh. open computer. youtube dot com slash folding ideas slash videos. enter

[special-mooon]

I haven’t seen anyone else talk about this and I think it’s the funniest thing ever because how the hell do you use UVC lights, meant for medical sterilization, as party lights 😭

[vero-niche]

a fellow english major, really happy to see someone who's proud of their degree <3

you know that "no love, no matter how brief, is wasted" line? i think the same applies for knowledge too - no matter how useless it may seem, knowledge acquired is never in vain.

[regaliasonata]

Which rangers do you guys think probably is invested in a crypto scam or pyramid scheme?

Like there has to be a bunch tbh

[mintcad]

NFT Marketplaces To Watch Out For In 2024

What are NFTs?

Suppose you borrow $100 from your friend, you need to pay him back with the exact same value, but not necessarily the exact same bill. You can return two $50 bills or ten $10 bills, it’s fungible. Although when you borrow a friend’s car, you cannot return a different car, thus a car is considered non fungible, collectible and is unique. Non-fungibility is a physical asset’s unique property. NFTs are unique, they cannot be exchanged or traded equivalently unlike money.

NFTs or Non-Fungible Tokens are cryptographic assets minted (created) through blockchain technology, and have unique identification codes and meta-data, which makes each of them distinguishable. They can be transferred to other wallets, traded on the blockchain or leased to someone through a special smart contract with a time horizon.

NFTs are minted as smart contracts that assign ownership and manage their transferability. When someone creates or mints an NFT, they execute code stored in smart contracts that conform to different standards, such as ERC-721. This information is added to the blockchain where the NFT is being managed. The minting process, from a high level, has the following steps that it goes through: 

Creating a new block 

Validating information 

Recording information into the blockchain

Use Cases of NFTs

Authenticity and Ownership - As the blockchain can permanently store information about the product. NFT smart contracts can be used to check for the rarity, owner, and authenticity of the products. This can be applied to real estate, music items, videos, and more.

Digital Content - The most common use of NFTs today is digital content. Content creators see their profits enhanced by NFTs, as they power a creator economy where creatives maintain ownership over their content on platforms where they are publicised. An NFT could represent a key that unlocks access to a certain service or piece of content. This would allow some content creators to monetize their work for the first time ever. At Mintcad users can create an NFT for CAD files for the first time.

Gaming Items - NFTs are changing the gaming industry from its roots. From game developers to players, NFTs have caught interest for their benefits to both. For example, an NFT could represent a character in a game. The NFT would be stored on a blockchain and would be transferable to another player if the original owner decides to sell it. These can be applicable to other game items as well. This is where the major development towards the Metaverse is happening. 

Domain Names - NFTs provide your domain with an easier-to-remember name. It works like a website domain name, making its IP address more memorable and valuable, usually based on length and relevance.

Loyalty points or rewards - A company could issue NFTs that can be redeemed for discounts or special offers. It would give customers an incentive to keep using the company’s products or services.

What’s the size of the NFT Market? 

Global NFT transaction volumes are on pace to surpass last year's peak soon, but the monthly declines beginning 2022 are troubling for the once-scintillating market. Total sales hit $37 billion as of the first week of May, according to a report from blockchain analysis firm, Chainalysis, compared with $40 billion for all of 2021.

There are around 15,000 to 50,000 NFTs being bought and sold every week. The right to the first-ever tweet was converted into an NFT, and sold for a record $2.9 million, by Twitter founder Jack Dorsey.

This tweet just said, "just setting up my twttr."

How to buy an NFT?

We can buy or sell NFTs through an NFT Marketplace. These are eCommerce platforms like Amazon or eBay where different products are listed by sellers, and buyers.

NFTs for digital assets can be stored, traded, and displayed to a large audience, an evolved business model is developing through these Marketplaces.        

Three Simple steps to buy an NFT:-

Purchase Ethereum. (Since most NFTs are Ethereum-based tokens, most marketplaces for these collectibles accept primarily ETH tokens as payment.)

Connect your Wallet to an NFT Marketplace. There are many marketplaces to trade on.

Create, Sell, Buy or Lease the NFT.

Types of NFT Marketplaces.

Digital Collectibles: Examples of NFTs in such a marketplace are Computer aided design files for 3D Printing, game/trade cards, trophies of wins, and unique videos of rare gaming moments, which are digitized as a non-fungible token or NFT.

Example:- Opensea

Gaming: Blockchain Games use NFT marketplaces in two ways. Some blockchain games collaborate with gaming marketplaces to allow tokenization of their in-game assets into NFTs. Then, there are pure NFT marketplace-centred games that are exclusively built on the concept of tradable collectibles. Such games are modelled after traditional games like football, racing, strategy, arcade, and even virtual worlds.

Example:- Axie Infinity

Real Estate: It is an online platform for fractional real estate where investors and agents can collaborate with each other to buy and sell their assets. It gives access to high-end, unique, and in-demand properties which can be converted into non-fungible tokens and crowd funding.

Music: The music industry may have finally started taking NFTs more seriously. A number of artists have launched music projects that have garnered fan attention and generated millions of dollars in revenue. Entire music albums or specific songs can be converted into NFTs and sold or leased (per listen) directly via special NFT marketplaces.

Example:- Airnfts

Investment Projects: In this model, the NFT marketplace can function like a stock market, and allow the users to buy/sell specific NFTs via trading. In some of the advanced and regulated NFT marketplace, such transactions can also have legal validity, similar to real estate.

Metaverse: A metaverse NFT marketplace is a technical concept of creating and integrating NFT assets into the virtual spaces of the metaverse. The metaverse is considered a parallel universe where avatars (representing the unique identity of users) can perform activities similar to the real world with the use of VR headsets.

Example:- Cryptovoxels, Decentraland

Top 10 NFT Marketplaces in 2023

1.  OpenSea

2.  Mintcad

3.  SuperRare

4.  Jump.trade

5.  Rarible

6.  Axie Infinity

7.  Nifty Gateway

8.  Solanart

9.  Binance

10.  NBA Top Shot

This content is originally published on Mintcad's Website: NFT Marketplaces To Watch Out For In 2024

[8pxl]

bluesky is honestly so nice and wholesome. the communities there reminds me a lot of tumblrs, i’ve really felt at home 🥹 my bluesky

some of the unique things i’ve liked:

- moderation lists: massive human made blocklists. they have lists for MAGAs, Nazis, genAI users/posters, NFT bros, spammers bots etc. truly amazing.

- starter packs: again human made lists of people they recommend to follow. there’s so many starter packs, from artist to follow, musicians, writers, even shitposters lmao.

- feeds: customizable, public timelines. you can create your own or join one of the thousands of feeds out there. you can also create a feed just for your art, so if you have a messy media tab, it keeps your art posts clean and organized!!

- blocking/muting: they have an amazing blocking system. when you block they can’t see your posts or even search you o. the site. they also allow you to mute people, delete specific replies, and even let you detach your post from a quote reblog if they’re trying to cause drama. honestly the best for a drama free environment. they also have very nice post filters so you can mute or completely block posts containing specific words or phrase!

- community: after blocking all the moderation lists it really just seems like a nice oasis for artists, creatives and others to connect with each other and get new followings. i’ve had a lot of people discover my art there and immediate support. it was super sweet.

- NSFW: not really something i like but i know a lot of others will; they allow NSFW content, art and otherwise. They have GREAT moderation so if you’re not interested in seeing those types of post be sure to turn on your content moderation settings.

[boopathi-writes]

https://www.scribd.com/document/695283087/NFT-Marketplaces-Variety-in-a-Glance

There are various types of NFT (Non-Fungible Token) marketplaces, each catering to different niches, interests, and functionalities. Here are some common types of NFT marketplaces:

[softpanic]

watching a Pokémon card pack opening video of a guy who bought shadowless booster box and he spent almost 100k on it. in the video is his wife who is passive aggressively fighting with him about how much money he spends on the cards. it’s absolutely enhancing the watch.

[flightyquinn]

Seriously. Sokka would be the one yelling at everyone else about how obvious a scam NFTs are, how you're not even getting anything for your money, and publicly demonstrating how easy it is to "steal" an NFT.

...meanwhile, Toph is buying one for the meme. She doesn't believe the hype at all, she's just rich and thinks it's funny. When asked about it, she points out that it has exactly the same artistic value to her as any other picture.

[artoounces]

Hello #UI Kit Mod. 2 By: Yuriy Kondratkov >... https://t.co/upyTxbr69g https://t.co/H4qcCHxJvI https://t.co/q9ZQuorADi

[patricia-taxxon]

people talk about how "AI" art made a bunch of people suspicious of a certain kind of pop-arty airbrushed style, and every new advancement adds a new style that just de-facto looks like AI now. NFT art had a vibe too, like u had the monkey picrews but you also had all those 3d motion graphics artists who flooded into the scene cus you can't sell prints of an animated loop. i cant enjoy those satisfying loading icon type satisfying loops anymore