If we talk about one of the most anticipated blockchain’s best NFT games to date, Star Atlas tops the list. The space theme, along with the grand strategy of this game, is outclassing. Set in the year 2620, Star Atlas is built on the Solana blockchain. The game uses the famous and groundbreaking Unreal Five video game engine. As a result, the players can experience cinematic-quality real-time environments like never before.
SOL is native to the Solana blockchain, and easily the most well-known of the examples. SOL ranks #10 overall and currently sits at a value of $72. The token hit its all-time high this month thanks to explosive growth, largely thanks to the growing adoption of its parent blockchain. It’s the most expensive investment, though, should the Solana blockchain continue to prosper, so too should its native SOL crypto. .
Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme stock movement that earlier this year sent GameStop's stock soaring, says Richard Smith, the CEO of the Foundation for the Study of Cycles and a financial cycles expert.
Then there is the world of ‘shit coins’ and ‘altcoins’ where you are essentially throwing money down the drain, unless of course you hit the jackpot and manage to get in early on the next Dogecoin…
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It’s sudden rise in popularity has been fuelled by record high market gains experienced since the turn of the year and Twitter mentions from public figures like Elon Musk and Snoop Dogg.
Binance is something of a market leader in this area, and made its name as a crypto to crypto exchange. The platform currently supports over 500 digital currencies and suits anyone looking for a greater range of tokens to trade. Binance provides trading pairs based on digital assets including Bitcoin, Ethereum, Binance Coin (BNB), and stablecoins such as Tether. Using BNB can help to lower your trading fees on platform, and after being known for listing ICO tokens, Binance also uses its Launchpad to promote and list new projects.
"The one thing I think you will see more and more ... is people understanding that when you only invest in one asset, you have concentration risk," said Brad Garlinghouse, CEO of Ripple, the company that helped launch XRP, in an interview with CNN's Julia Chatterley on Wednesday.
However the gap is closing again after Ripple’s coin gained 2% to reach $1.14. XRP’s market cap is just under $53 billion, $3bn short of SOL, after gaining $7bn on it in 24 hours.
This is why, in order to be successful and sell NFTs to as many people as possible, you will need to be smart about your marketing, as well!
Considering non-fungible tokens are a huge technological shift for society, you should expect to see a lot of movement, changes, and profit being made. You need to stay up to date on the most recent NFT trends; including but not limited to marketplaces and creators, in order to increase your odds of buying a NFT solely to make a profit.
With NFTs, artwork can be "tokenised" to create a digital certificate of ownership that can be bought and sold.
Surprisingly, creating an NFT isn’t complicated, and there are platforms where you can get guidance on the entire process. NFTs are built and supported by a particular blockchain, with Ethereum NFT being the most popular. Apart from Ethereum, Flow and Binance are also commonly used for its development. You need a crypto wallet and cryptocurrency, mainly Ethereum, to transact. You can sell NFTs for cryptocurrency or fiat money through smart contracts, and the transfer is recorded on a blockchain.
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Step 3. Now, if you’re trying to find out how to buy on Binance because you’ve heard that it’s a complex process, rest assured - doing so with a credit/debit card is very straightforward. This is evident by the screen that pops up after you’ve chosen the above-mentioned option - you’ll be redirected to a page where you should then pick the amount of money you want to spend for your Binance BTC purchase.
However, if you have some extra cash (and you’re tolerant of the risk), you can choose to allocate a small amount of your portfolio to specific companies or more specialized index funds or mutual funds. “An investor bullish on the future of cryptocurrency could invest in the stocks of companies working on that technology,” says Jeremy Schneider, the personal finance expert behind Personal Finance Club.
Its market capitalisation, or total volume in the market, has reached $184m (£133m).