White Matrix
Published in

White Matrix

NFT and Its Rise

NFT’s (Non-Fungible Tokens) are, in essence, collectible digital assets, which hold value as a form of art or culture. These digital assets, which are unique and indivisible, can be bought, sold, stored, and exchanged on a blockchain. Indivisible means we can not buy half or some of the NFT like Fungible tokens.

Here we have some NFTs sold recently.

1. Everydays: the First 5000 Days ($69.3 million)

“Everydays — The First 5000 Days” is a JPG file that contains a collage of images created by Beeple, a single picture is usually sold at auction, but here you’ll find almost everything the artist has made since he began displaying his work online in 2007.

2. CryptoPunk #7804 ($7.57 Million)

The Punk #7804 is another Alien, and this time it comes with a pair of small shades, a smoking pipe with a few clouds of smoke rising out of it, and a front-facing cap, 378 punks come with Pipe, and 317 punks come with small shades. Aliens, Apes, and Zombies are among the uncommon CryptoPunks, in addition to the regular CryptoPunks.

3. Crossroads ($6.6 Million)

The artwork is based on the presidential election in 2020. The artist created two versions of this, one for if Trump wins and the other for if Trump loses. And the video would vary depending on the election results.

This means that the blockchain needs to enable its users to create unique tokens in order to offer them. Someone without extensive knowledge of the cryptocurrency industry could create their own NFT which has a unique identifier that proves ownership of a digital item.

These cryptographic tokens are perfect for digital art, but there are many other sectors betting on this technology

Collections: Similar to trading cards, but in digital format. A one of a kind Cristiano Ronaldo NFT has been sold for $290,000 on the fantasy soccer game Sorare.

The Cristiano Ronaldo NFT overtakes the value of an NFT card of a LeBron James on the NBA Top Shot platform sold for $208,000.

NFT CarD OF A LeBRON JAMES

Games: NFTs can be used to represent assets in video games, such as a house, a terrain, or virtual food, which are owned by the player. There are different NFT based games that got very popular recently, Cryptokitties is one of those, that is the most popular blockchain-based game, and the second top decentralized application.

Blockchain-Based Games:

https://axieinfinity.com/

The above mentioned are some of the games running on different blockchains.

Music: NTF’s allows musicians to release their work.

Also in February, Grimes auctioned off almost $6m worth of digital artwork via Nifty Gateway, a popular channel for NFT sales.

Cinema: Oscar-nominated documentary “Claude Lanzmann: Spectres of the Shoah” is the first Academy Award nominee to be released as an NFT

Sports: NBA player Spencer Dinwiddie tokenized his contract so that others could invest in him.

Fashion: Nike has a patent that allows an NFT to be attached to physical products, such as a pair of trainers, and is called CryptoKicks.

Art: Digital artist Mike Winkelmann, known as Beeple, made history in March when his NFT titled “Everydays: The First 5000 Days” sold for over $69 million at auction at Christie’s.

Others: Twitter founder Jack Dorsey auctioned his first tweet with a price tag of $2.9 million. Inevitably, influencers are the next wave trying to tokenize their own popularity.

Some of the popular NFT platforms on different blockchains:

  1. OpenSea

2. Nifty Gateway

3. Rarrible: Create and sell digital collectibles secured with blockchain.

4. Superrare.com

5. Foundation

6. Binance NFT: A marketplace for NFTs and digital collectibles deployed on BSC

https://www.binance.com/en/nft/home

7. Bakery Gallery

8. Fangible

9. Rocki, Music NFT Platform

10. Air NFT: is the NFT marketplace built on Binance Smart Chain focusing

highly on user experience and ease of use to Create, Buy, Sell and use NFTs.

11. Seascape Gaming NFT: Seascape Network aims to create an environment that will allow users, developers, and stakeholders to play, earn and share experiences in an incentivized way.

12. Dego Finance: Dego Finance is an NFT+DeFi protocol and infrastructure with two functions: The project acts as an independent and open NFT ecosystem drawing users to the blockchain space.

13. NBA Top Shot: A new era in fandom — beyond repping your team, or loving your favorite player. Now, own basketball’s greatest Moments with NBA Top Shot. Thousands of NBA Fans from around the world collecting over 10 million Top Shot Moments

14. Atomic Market: is a smart contract that can be used by any marketplace to buy and sell AtomicAssets NFTs using a shared liquidity

15. Foundation: is a creative playground for artists, curators, and collectors to experience the new creative economy.

16. Myth Market: Myth Market is a series of convenient online marketplaces supporting various brands from Topps to Blockchain Heroes and William Shatner on the WAX Blockchain.

NFTs on OpenSea.io

If any of the readers of this post want to sell anything such as digital art, music, sports NFTs, etc., he/she can visit any of these platforms and sell their NFT easily.

If you like this article and want to know more about NFT and other projects of Blockchain, you are welcome to join us. Thanks

Forum: https://forum.chainide.com/
Twitter: https://twitter.com/MatrixDapp
Telegram: https://t.me/joinchat/Q48BNwB-f8RlZTJl
Facebook: https://www.facebook.com/tian.ling.9
Medium: https://medium.com/@matrixwhite-mgt
Discord: https://discord.gg/pPhJMJ3Kp7

--

--

--

Blockchain technology company, focusing on development and research on blockchain ecosystem.

Recommended from Medium

Behodler now has an explanatory landing page and a new icon!

Rebase Tokens Reimagined

KALYCOIN: A CRYPTO CURRENCY FOR THE REAL MARKET.

UBEX ICO: review, audit, security [rate: very bad]

GameFi is booming, how to make money while playing?

ANTI RUG PROOFS

✅Buy WEL today — in 10 days your investment will double!

Rumours About Binance Purchasing 75 Trillion SHIB Confirmed

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Matrix Dapp Editor

Matrix Dapp Editor

Social Media Coordinator at White Matrix.

More from Medium

Chill Rx Project

Introduction to BackLadies by Iris

Solana-based NFT Metaverse Project Portals Raises $5 Million In Seed Funding

Solana-based NFT Metaverse Project Portals Raises $5 Million In Seed Funding

Plodding Isles Minigame Begins Development