Where to start for a newbie in crypto #3 NFT

Today we will talk with you about NFT, find out what they are, why they are so expensive and whether it is possible to make money on them?

Non-fungible token, or briefly NFT (Non-fungible token) - a kind of cryptographic token, each instance is unique and can not be exchanged or replaced with another similar token. NFT can be any photo, screenshot, picture, video or GIF.

The first NFT tokens appeared back in 2017 on the Ethereum blockchain.

What are NFTs for and where are they used?

Actually, NFT was invented to digitize art, but this has developed into something big. Now NFT is used everywhere and everyone is creating them too.

The NFT market is valued at $41 billion in mid-December 2021.

The most popular NFTs sell for tens or even hundreds of thousands of US Dollars, but many of these NFTs are just trash as they are not meant for anything.

The most popular NFT collection, the Bored Ape Yacht Club offers 10,000 monkeys with an average price of 83 ETH, each NFT serves you like a yacht club membership card.

But the great popularity in the NFT world was brought by GameFi games, and this has had a very positive effect on the NFT market because now most NFTs can be used.

NFT GameFi Market

Market GameFi I would say takes a leading position in the entire NFT, just Sandbox with their land

You can read about Sandbox here.

What NFT is for in games: Virtual Plots in Metavs, Heroes for games, steaknig and more.

How to Make Money in NFT

It's easier to make money with NFT than with token lots, but it's just as easy to lose everything because there is no liquidity, it's a pure marketplace where you need to find a buyer or seller

The best places to make money with NFT right now are

GameFi and new collections that give away a spot on the whitelist via discord.

You can find out about new collections on various NFT sites but 95% of them are garbage, so you can check out my tg channel where I post only the best NFTs

NFT Sites

Below I will describe popular sites where the launch of a new NFT.

Binance NFT - Not only one of the top exchanges, but also the Marketplace and Launchpad NFT, there are two types of Marketplace and Mystery-boxes, in general, Binance dropped a little bit in the launching of new NFT, but still holds its brand.

Magic Eden - A project in the Solana network, offers users the marketplace and launchpad platform (By the way here to snatch nft on the launchpad is very possible, checked more than once!)

NefyBlock - Project in the WAX network offers users a marketplace, as well as drops.

Less popular NFT Launchpads

GameFi - Well known IDO launch pad with 0.01% chance to participate and NFT is almost the same story

NFTPad - Early-bird launch pad for NFT, you need to hold NFTPAD coin to participate

Okex NFT - Nothing special happens there and NFTs are rarely released

Major NFT Marketplaces

OpenSea - Largest NFT marketplace in the Ethereum and Polygon network

Solsea - The largest NFT marketplace on the Solana network

AtomicHub - The largest NFT marketplace on the Wax network