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NFT LaunchPad assets are denominated in Wrapped BNB (WBNB) system, one of the most widely used cryptocurrencies.
The purchase process is simplified as NFT LaunchPad lists digital assets through a traditional auction, a decline auction, or a fixed price. Users can connect their MetaMask wallet to the platform in just a few clicks, while maintaining full control over their secured keys.
BinanceThe advantage of Binance is that they offer low commissions. Users can buy NFT for as little as 1 % of the transaction fee.
Binance also considers NFT in Binance Smart Chain and Ethereum blockchain, providing a wide range of traded assets.
User interface is easy to navigate and includes NFTs in collections that include art, sports, entertainment, games, collectibles and more.
Popular closed marketplaces:
Closed markets, sometimes also called premium, allow authors to register only by invitation. It's time for creators who are already actively selling their work on open trading platforms and are ready to move forward to switch to premium marketplaces:
FoundationThe Foundation is the NFT's most visited and most accessible closed marketplace.
This platform was officially launched in 2021 and got its popularity, accepting thousands of creators.
The major advantage is – reputation. NFT art collectors know that the platform only houses works that deserve high ratings.
The 15 % fee is higher than most marketplaces and gas fees are also high.
The platform supports only PNG, MP4 and JPG formats, but soon it will support Audio, 3D and AR formats.
How to join?Invitation codes usually sent via Twitter with NFT's unique performers, who are growing in popularity. However, in some cases you can exchange this code for NFT or money.
MakersplaceMakersplace is less available than Foundation.
But the rewards structure is way more profitable than in Foundation. Creators pay for gas only once for minting, and their commission for sale is 15 %.
Makersplace also supports more file formats, including JPEG, PNG, TIFF, GIF and MP4.
How to join?Creators can join this platform by sending their portfolio and profile for listening, and receive an official invitation after passing.
Audition process is relatively loyal, but you have to wait for several months.
SuperRareThis is an exclusive NFT art market, which is famous for hosting some of the most expensive and high-profile NFT sales in cryptocurrency history.
Here are digital works of art created by famous artists and the most promising authors. Thus, SuperRare has made a great reputation for itself.
This platform also has the most famous investors, such as: Samsung Next, Mark Cuban and Ashton Kutcher. SuperRare is also famous for high-profile NFTs, such as "DΞSTINATION HΞXAGONIA" for $2 million in partnership with EDM musician Don Diablo. SuperRare uses Ethereum blockchain transactions and NFT checks.
As many other NFT platforms, SuperRare mainly operates on a temporary auction model.
SuperRare is distinguished by the ability to create its own contracts for NFT minting, known as "sovereign smart contracts".
Creators receive 10 % royalties for each sale of their creation through a peer-to-peer network (P2P) on SuperRare for an unlimited period, which helps artists earn passive income from their artwork regardless of how many times their works have changed hands. SuperRare also implemented a collector's commission that pays 1 % to the first collector when he sells NFT. Unlike the artist's commission, this collector's commission decreases over time, and its percentage decreases by 40 % with each subsequent reselling, until it is fully exhausted. There is also a secondary collector commission that starts at 0,5 % with every subsequent selling and decreases on the same scale as the primary collector commission.
How to join?During SuperRare's early years, new users had to apply for approval in order to place their work on the platform. Every entry has to be fully original, created by the owner of the application account and not tokenized anywhere else. Every NFT made by this procedure was created right on the platform after its review and approval. As the result, each artwork featured on SuperRare was a unique piece of digital art. However, in summer of 2021, SuperRare presented its own token named RARE to democratize platform management processes.
In 2021 SuperRare started handing out RARE tokens as a reward to those, who contributed a lot to platform's development.
Sotheby'sThis is the first major auction house to open a marketplace specifically for NFT.
Auction house is using its experience in the art world, and regularly holds premium auctions. Auction bets can range from $10,000 to $2 million.
Platform offers new technical advances that traditional Sotheby's site could not implement on its main site.
Chapter 3:
What do you need to create your first NFT?
NFT type selection
Creation of the first NFT:
Step-by-step guidelines
Types of NFT
Before we will start talking about NFT creation, we need to decide which digital asset you want to tokenize in the first place. You have unlimited options available.
But first of all, make sure that you own intellectual property on a certain object that you want to turn into an NFT and to the IP address you work from.
If you don't have any specific idea, you can check the DataBase website with a list of new NFT projects, a list of the best and those that will appear in the near future.
Right now, the following types of NFT are the most popular:
CollectiblesCollectible objects are the first type of NFT that was ever created. Pokemon cards, vintage toys, Curio Cards – all of them were the first NFT collectibles. Then, Bored Ape Yacht Club, Cryptopunks, Cat Colony, Meebits and others appeared. The most famous example of NFT collectibles – Cryptokitties – was so popular one day that it overloaded the Ethereum network.
Pieces of artArt is on the peak of its popularity right now. Digital artworks always come with a public certificate of authenticity and title issued by the digital book in which they are stored. The most expensive NFT to sell so far is an art named "The first 5,000 days" created by an artist Beeple, and it was sold for $69,3 million in March 2021 at Christie's.
Sports memorabiliaNFT sport souvenirs are also very popular. The most famous NFT in this
segment is NBA Top Shot. This type of NFT usually includes a videoclip with memorable sports moments. The LeBron, James Dunk, Throwdowns (Series) is a clip where LeBron James, a Lakers player, scores a goal. It was sold for more than $380,000.
Video game assetsThese are video games based on NFT in which players participate to win awards, such as cryptocurrency, digital assets or other NFTs.
The first asset in this category was game named Axie Infinity, after which CryptoKitties, Gods Unchained, Sorare and many other were launched.
Virtual EarthFast developing NFT area, which includes land in video games and in the Metaverse. Digital piece of land can be used for ads in video games, creation of digital assets and etc.
MemesA few years ago nobody could imagine that memes could have any financial value, but with the NFT wave, memes also become part of the digital assets. Original meme Doge was sold for $4 million in June 2021. Such famous memes as: Disaster Girl, Bad Luck Brian, Success Kid and NyanCat were sold for a huge sums of money. Meme Disaster Girl was sold for $470,000.
Domain namesThese are crypto-domains minted on a blockchain, for example – Binance Smart Chain or Ethereum. They have more than 500 domain names, where the most used is".eth". Cryptodomains do not depend on any centralized authority, thus, they are a desirable asset. They can also be used to bind crypto wallets, which is not found in domain names other than NFTs.
PersonalityOne of the most important characteristics of NFTs is rarity. Each NFT is unique and cannot be replaced by any other token. They can serve as unique identifiers, thereby providing reliable support for management, certification and licensing systems. Certificates and minting licenses, as well as NFTs to validate and verify a person's records, can change the identity management sector.
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