What's Hot

    The new hunting ground for cryptocurrency scammers

    June 25, 2022

    Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High

    June 25, 2022

    Ava Labs launches a handy new feature

    June 25, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    THECRYPTNEWS
    • Home
    • News
    • Guides
    • NFT
    • Analysis
    THECRYPTNEWS
    Home » How do you spot a needle in an NFT boot?
    NFT

    How do you spot a needle in an NFT boot?

    AdminBy AdminJanuary 9, 2022No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    On December 2, 2021, the NFT took off with the launch of CryptoKitties, a game promoting the collection of unique felines imitating the Kitties, which sold for around $ 100,000 on occasion. Today, NFTs number in the millions and some of them sell for tens of millions of dollars as well.

    Brief history of NFTs

    A post from L’ADN devoted to NFTs evokes a rocky start for non-fungible tokens. Indeed, the idea of ​​a Monetized Graphics came from the creative community of Tumblr, which aimed to give credit to an image, video or Tweet as a reward to its author.

    In order to strengthen the powers of artists, to protect their works against any form of plagiarism, Anil Dash (CEO of Glitch) and Kevin McCoy (digital artist) had to use blockchain technology.

    Unfortunately, this idea could not see a beautiful realization. However, it had repercussions on similar projects like Namecoin, Colored, Counterparty or CryptoArt.

    Currently, it is difficult to inventory all of the NFTs deployed on the market. To give you a glimpse of contemporary existing ones, OpenSea, the largest marketplace for non-fungible tokens, has recorded a transaction volume of $ 10 billion and nearly 80 million NFTs since its inception.

    What if we gave up on popular NFTs?

    With a blockchain ecosystem that rains millions of NFTs per month, we risk getting easily lost in this jungle.

    Unless you decide to put your trust in a blockchain savvy like Ashky. Here is his proposal: instead of focusing our attention on the most popular projects, why not consider the least rated, but with a solid foundation.

    The aforementioned expert put forward the following 3 NTFs:

    – TheTigersGuild

    TheTigersGuild is not an ordinary NFT collector’s item as it is the result of creating 3D artwork. Apparently, this is a tough bet for the Guild of Tigers team, but the results seem mind-boggling. Looks like its promoters wanted to get ahead of the implementation of the next version of the Internet.

    – Alto City

    It is the coding which makes the particularity of this NFT. Moreover, it is from the coding that we were able to obtain Alto City as well as the exchanges on which it can be exchanged. Developed on Ethereum, this token conveys the concept of generative work accompanied by physical products that can be monetized.

    – Soccer Doge

    Far from imitating BAYC, Soccer Doge is presented as a collection of NFTs generated by an algorithm on the ETH blockchain since July 2021. The existence of the Soccer Doge Club brings together Dogecoin and football fans whose ambition is to organize a football match on Mars in 2035.

    Source: Quora

    To say that we had, for a long time, the habit of hanging physical works of art on our walls. Now, with NFT helping, we will have to develop other practices such as highlighting our virtual collections in our Zoom backgrounds.

    Mikaia Andriamahazoarimanana

    The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I was there for something

    void 0 === window._axcb && (window._axcb = []); window._axcb.push(function(axeptio) { axeptio.on("cookies:complete", function(choices) { if (choices.google_analytics) { launch_google_analytics(); } if (choices.facebook_pixel) { launch_facebook_pixel(); } }) })

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    10 big brands that have recently landed in the world of NFTs

    June 19, 2022

    New partnership and new metaverse… open!

    June 18, 2022

    Axie Infinity Origin: The Free-to-Play game that will cheer up Ronin hack victims?

    June 18, 2022

    Mars4, a metaverse game, is going viral in Japan

    June 14, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • The new hunting ground for cryptocurrency scammers
    • Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High
    • Ava Labs launches a handy new feature
    • Dogecoin, a cryptocurrency of choice for criminals?
    • Crypto.com receives regulatory green light in Singapore

    Recent Comments

    No comments to show.

    Subscribe to Updates

    Get the latest sports news from THECRYPTNEWS.

    Advertisement

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021

    Categories

    • Analysis
    • Guides
    • News
    • NFT

    The leader in news and information on cryptocurrency, digital assets and the future of money, THECRYPTNEWS is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube WhatsApp Reddit
    Top Insights

    The new hunting ground for cryptocurrency scammers

    June 25, 2022

    Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High

    June 25, 2022

    Ava Labs launches a handy new feature

    June 25, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from THECRYPTNEWS

    Facebook Twitter Instagram Pinterest
    • Home
    Copyright © 2021 Thecryptnews.com

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    DMCA - Terms and Conditions - Privacy Policy