Hey Folks! Are you interested in Blockchain and its implementations or applications? But unfortunately, if you are not even familiar with these so first let me clear you with NFTs and NfTs advantages moreover “How to Buy NFTs? In this article, we also introduce you to the best apps to Buy/Sell NFT’s.
What are NFTs?
NFT is an acronym for Non-Fungible-Tokens that is used for trading. NFT is an awesome and trending way to earn money and fame. For example, Jack Dorsey who is the developer of Twitter had sold his first tweet on Twitter using NFT also many people have sold their digital arts and paintings with NFT token additionally some of us are using NFTs for entertainment some days before a Cat meme was sold on social media with the NFT. If you know about Blockchain then it is going to be very easy to understand what NFTs are?
Basically, NFT is an implementation of Blockchain technology like Bitcoin and Cryptocurrency.By using NFTs people can buy or sell one-of-a-kind things or precious things directly without a mediator. So, we can say NFTs are a way of trade to buy and sell one-of-a-kind and precious things. In short, we can say, NFTs are Ethereum blockchain-based tokens, and that are used to authenticate digital ownership of one-of-a-kind assets attached to the token. NFTs are used to decide the ownerships of one-of-a-kind things. Briefly, we can understand NFTs with this example- Suppose I have a painting or any digital art designed by me now I would like to sell it so, I will be assigned a token with it and this token is for describing the ownership of that painting, now who will purchase the painting that will call the owner of it as he/she will purchase the painting with non-fungible-token. The ownership can be anything, it can be ownership of a song, 3D art, Painting, Tweet, Cat, or any object.
How are NFTs connected with BlockChain?
“Taking a one-of-a-kind asset and assigning it with a token and that token will be attached to the Blockchain ledger” this process is called blockchain implementation using NFTs.
Advantage of NFTs:
- The very best advantage of NFTs is now you can transaction with peer to peer which means there is no need to have a mediator between two traders.
- The working process of NFT is the same as cryptocurrency as a ledger storing the whole data of which thing belongs to which person(Which token is assigned with whom).
- The second advantage of NFT is authorization. People can identify easily by seeing the token that, who is the owner of this particular thing?
- The basic concept to design NFT is to eliminate the mediator between two parties or directly trade between the real owner and ownership holder.
How to Buy NFTs or How to Sell NFT?
So, how are you planning to deal with NFTs? If you want to purchase NFTs or want to sell your own designs or assets with NFT tokens you can do it through marketplaces. There are lots of marketplaces to buy and sell NFTs. Some of the user-friendly best marketplaces for NFTs trade are listed and described below:
1. Best Apps to Buy/Sell NFTS-SuperRare:
SuperRare is a peer-to-peer marketplace for buying and selling the asset as well as precious artwork digitally. SuperRare is working the same as Instagram. A large number of digital arts, prices, etc shown on your screen. This marketplace contains a highly trafficked featured section of artists and brands. Remember SuperRare only supports the transactions that are made using ether(cryptocurrency of ethereum).
Location: Newark, Delaware
Category: Digital art
2. Best Apps to Buy/Sell NFTS-OpenSea:
OpenSea was founded in 2017 but it has been made a boom in NFTs marketplaces since last year. OpenSea is just like a sea for dealing with NFTs. Here you can find a plethora of digital work. But the work can be either artwork or something else. On OpenSea you can use various filters like price range filter, art filter, assets filter, artists, work, etc that will help you to find your desirable assets to buy.
Location: New York
Varieties: Digital art, music, sports and games, domain names, virtual worlds.
3. Best Apps to Buy/Sell NFTS-SoRare:
SoRare organizes various types of Soccer leagues where you can collect a player card as NFTs and then you can use those cards in online games and competitions. SoRare is now a family of 140 licensed clubs. There are a variety of cards some of them are low cost and some are high paying whatever is best suited to you, purchase it and participate in the game league.
Location: Paris
Category: Soccer Collectibles.
4. Best Apps to Buy/Sell NFTS-Mintable:
Unlike OpenSea and SuperRare Mintable is a two-sided dealing marketplace of buying and selling NFTs it is similar to eBay. Mintable is built on ethereum and Zilliqa blockchains. On Mintable buyers can set their crypto wallets and also can set profiles.
Location: Singapore
Categories: Digital art, photography, videos, games, templates, domain names
5. Best Apps to Buy/Sell NFTS-Foundation:
Viral cat Nyan meme and Pak’s finite record were hosted by Foundation marketplace. Creators’ work is arranged in a network of cards, with the trending public sales of featured artists.
Location: Los Angles
Variety: Digital Arts.
6. Best Apps to Buy/Sell NFTS-Decentraland:
Same as its name decentral and provides you the ownership of decent as well as one-of-a-kind assets. It provides you with the video games NFTs, metaverse, estates, etc. Play from a web browser, the game will work like a marketplace where you can buy and sell land, estates, avatar, clothes, and your names will be registered on the Ethereum ledger.
Location: Beijing, China
Category: Video games, metaverse
Bollywood Celebrities Promoting NFTs:
NFTs are on-trend in celebrity land. Recently, BIG B Amitabh Bachchan has launched his own NFT with BeyondLife club. His NFT includes his movies, shows, and other acting work collections. Sunny Leone already comes with NFT. Moreover, Bollywood star Sunil Shetty also invest in NFT platforms. Recently, Salman Khan also posted on Instagram that he will come soon with his own NFT. Salman Khan is also going to launch its own NFT with Bollycoin. Celebrities, players, athletes are showing interest in buying and selling NFTs now it’s your turn to deal with them.
Read More:- Best Apps to Learn Blockchain