A Beginner’s Guide To NFT Trading In Ireland
NFTs have emerged as one of the most popular forms of digital assets in recent years. NFTs have introduced a new dimension to online trade, advertising, and finance, with about US$30 billion value of NFT assets already in circulation. Since the NFT boom began, other NFT trading platforms have emerged, each with its own set of advantages and disadvantages.
Non-Fungible Tokens represent tokens that symbolize custody of a distinct as well as rare asset, like a piece of art, a song, a video game component, a piece of real estate, or a collectible. Each coin does have a unique value based on its own characteristics and properties, making it impossible to trade one for another in the same way that conventional Cryptocurrencies such as Bitcoin or fiat monies like the US dollar could.
Also Read: 4 Finest Cryptocurrencies In Ireland
I would like to share with you the 4 best NFT trading platforms in Ireland that everyone should be familiar with:
The Binance platform, which debuted as a Cryptocurrency exchange in 2017, has grown into a thriving industry by 2022. Binance is among the greatest NFT trading platforms because of its user-friendliness, extensive NFT selection, and compatibility with the BSC and the Ethereum blockchain technologies. Binance’s NFT token standard, BEP-721, will power the vast majority of the features of the Binance Smart Chain’s NFTs. The ERC-721 protocol is used for NFTs on the Ethereum network. The Binance NFT trading platform not only offers its customers access to a wide variety of NFTs, but also periodically releases NFT mystery boxes. There is a potential that these mystery boxes will contain very valuable NFTs from prestigious collections. You may add them to your collection, meanwhile, since they often drop popular NFTs.
The above NFT marketplace is one of the oldest and most widely used in the world. Artwork, sports memorabilia, digital realms, trade cards, as well as domain names are just a few examples of the varieties of NFTs you might discover reflecting ownership of certain items.
3. Axie Marketplace
You may buy and sell items, fight other players, and breed using the virtual currency known as axie NFTs in Axie Infinity, which you can acquire by playing the game. The game expanded upon one of the earliest blockchain games, CryptoKitties, by developing it more engaging and offering financial rewards to players. To acquire axie NFTs for use in breeding, trading, and combat, Axie Infinity players should visit the Axie Marketplace, the game’s premier NFT trading site. At the conclusion of each season, the top players on the PvP leaderboards are awarded Axie Infinity Shards (AXS) as a symbol of appreciation for their efforts. The P2E game Axie Infinity is powered by both AXS and Smooth Love Potion (SLP). The most costly Axie ever sold was $820,000, as stated on the Axie Infinity official site. A total of US$3.6 billion worth of digital assets have been transacted on the Axie Marketplace NFT trading platform. Presently, they are catering to an average of 2.8 million unique visitors every day.
Traders here may buy and sell NFTs built on Ethereum, Tezos, or Flow’s respective blockchain technologies. Which is why it’s so important that Ireland has one of the top NFT Trading platforms available.
Our last suggestion is Rarible, a multi-chain NFT marketplace that supports Ethereum, Flow, as well as Tezos. Rarible’s ultimate goal is to become the NFT marketplace where anybody may buy or sell anything to anyone else. At the present moment, the NFT trading platform has over 1.6 million monthly active users, US$274 million in trading activity, and 405,000 newly issued NFTs. Billions have been invested in the Rarible NFT trading platform, which aspires to become a trusted online marketplace for buying and selling digital assets including art, antiques, entertainment, as well as movie Non-Fungible Tokens, domain names, Metaverse lands, gadgets, and much more.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.