How Solidray NFT Marketplace Will Benefit its Users.
Owners of Bored Ape Yacht Clubs (BAYC) and Mutant Ape Yacht Club (MAYC) were airdropped the ApeCoin cryptocurrency, with the allocations broken down as follows.
- Bored Ape Yacht Club owner: 10,094 ApeCoins
- Mutant Ape Yacht Club owner: 2,042 ApeCoins
ApeCoin was trading at $20 at the time of writing.
Based on the current price of ApeCoin, here is a look at how much the claim is currently worth:
- Bored Ape Yacht Club owner: $201,880
- Mutant Ape Yacht Club owner: $40,840
BAYC and MAYC are NFTs created by Yugalabs inspired by Cryptopunk NFT.
In 2017, Cryptopunk, an NFT, was freely claimed by its community members during its initial release. The only costs to claim were Ethereum (ETH) “gas fees”, which were negligible due to little use of the Ethereum blockchain. Today, the cheapest cryptopunk is 61.5 ETH ($173,907.86 USD)
People flip pictures of dogs, cats, monkeys, virtual cars, houses, etc., making good (sometimes great) money. And you begin to ask yourself, has the world gone mad? Or have you gotten old?
But the thing is, not everyone wins. Losers don’t talk about their losses; only winners do.
And those who don’t win are those who do not understand how to make money from NFT. So instead of sitting down to study how it works, they rather FOMO into shills by influencers, hoping to pump one day.
I will share a method successful NFT flippers use to win this game.
What is an NFT?
NFT stands for “non-fungible token.”
NFTs can be considered modern-day collectibles. They are bought and sold online and serve as digital evidence of ownership for various items like pieces of art, real estate, music, and films.
NFTs are securely recorded on a blockchain — the same technology supporting cryptocurrencies — ensuring that the asset is unique. It is also possible that the technology will make it impossible to change or counterfeit NFTs.
- Fungible items can be exchanged easily because their value isn’t tied to their uniqueness. For example, you can sell 1 Ethereum on the Binance exchange and still go to the FTX exchange to buy precisely 1 Ethereum.
- Non-fungible items cannot be interchanged. Each token in an NFT has uniqueness and is not worth the same amount as other identical tokens. For instance, all 10,000 cryptopunks are different. If you sell a kind in your possession, you may not be able to get it back again, or else the buyer will decide to sell it back to you at a higher price.
Why Do NFTs Need a Marketplace?
NFT marketplaces are platforms for storing, displaying, trading, and, in certain situations, minting NFTs (created). These marketplaces are to NFT what Amazon or eBay are to goods.
Unlike our exchanges, NFT marketplaces are built to maintain the uniqueness of an NFT. If you sell your NFT on the Binance NFT marketplace, you cannot get the exact kind of NFT on Opensea.
You will need the following to access and use NFT marketplaces:
- A cryptocurrency wallet: You must select a wallet compatible with the blockchain network that supports the NFTs you intend to buy (below). For instance, if you plan to buy or sell NFTs based on the BNB Chain, you will need to use a compatible BNB wallet such as MetaMask.
- Fund your wallet: Before purchasing, listing, or minting an NFT, you must first fund your wallet. You will need Solidray tokens (SRT) to use our marketplace.
- A user account: You must first create an account on the Solidray NFT marketplace.
It’s important to note that, in most cases, listing and minting NFTs on a marketplace platform incur transaction fees. The charge varies according to the blockchain network you choose.
Solidray has a community of successful NFT enthusiasts educating our community on how to invest and spot NFT airdrops.
Solidray NFT marketplace will list blue-chip NFTs and provide our users with early information on free claimable NFT projects, mint, store and display their NFTs.
Solidray ICO is live and running. Users need Solidray token (SRT) to access our NFT marketplace, DEX, Solidsocial, and other features we will be rolling out.
Join us now!
Join our Community.
Telegram: https://t.me/solidrayofficial
