Category Archive : NFTs

NFT Business Models

The Death of Royalties Will Transform NFT Business Models

Author: Anthony Estebe

To date, the NFT market has largely been hype-driven. Attractive projects with cool art and significant marketing budgets have dominated the conversation, with little focus applied to long term sustainability. If we’re being honest, the primary incentive in the space has been secondary market royalties. While very lucrative, this model has not been healthy for the industry and has mostly inspired laziness and rug pulls. Now, these royalty mechanics are being phased out and NFT projects are forced to take control of their business model for a fighting chance to survive.

It might be news for some but enforcing creator royalties on the secondary market is currently impossible. All NFT creators must understand this shift in dynamic, as it is dangerous to enter the market with an expectation of never-ending passive income. This requires new creative approaches to monetization, something that I believe is very healthy for the NFT space overall.

Royalty standards have been a focus of mine for nearly a year, with recent trends making this topic quite timely. I’ve seen this as inevitable, with the enforcement of royalties being in the hands of the marketplace facilitating the transaction and not at the protocol level. To be honest, it happened quicker than I thought. The first red flag was when OpenSea migrated to Seaport, which does not support royalties. Instead, Seaport hosts transaction fees, which include royalties within them. This development is extremely logical because it is more cost effective.

While OpenSea changing its protocol was the warning shot, Sudoswap was the war call against royalties. This increasingly influential NFT marketplace eliminates creator royalties on the secondary market, allowing traders to transact without the 2.5-10% fee. It’s now officially a new time for NFTs, as the death of secondary market royalties is upon us.

The trajectory of the market is changing and all creators must be prepared to confront this. So what does this mean for NFT creators? How will this impact business models in the years to come?

A Focus on Long-term Projects

The royalty reliant model incentives projects to sit back, relax, and collect income. Sitting and doing nothing is never a sustainable business model, and by eliminating royalties we will likely inspire a shift away from quick cash grabs and rug pulls. This is a great thing for the space, as more focus will be applied to long-term projects with a strong business model.

While royalties incentivize little action, no royalties inspire creative thought. Every project is different on the primary market, from sales price to utility to minting access. The consistent value for all projects has been on the secondary market, where a majority of money has been made. It has been all hype and trips to the moon with little effort applied to sustainability. Now, every project needs to step back and focus on how to continue secondary market financial momentum without guaranteed royalties.

This is a natural progression. If a project wants to build trust, they must focus on the long-term strategy. Gone are the days that a project can mint out, set it and forget it. Strong NFT projects will be designing new business models around secondary market activity. Whether it be free mints, prioritized marketplaces or community rewards, now is the time to get creative with your long-term strategy.

Taking Control of Your Business Model

The business model around an NFT collection deserves attention. It is unhealthy for the space and your own business to expect to create an NFT collection and generate passive income for the rest of your life.

When creating an NFT collection you are building a business. Whether you are selling a product, access to a community, or simply art, strategy should always be applied to ensure your business will last 2, 5, 10 years down the road. If you simply rely on royalties from the current system, you’ll be dead in 6 months.

When you see industry leaders like Yuga Labs creating their own chain and marketplace, they are taking control of their business model. They recognize the importance of optimizing their technology around their products and community. Some bigger projects are exploring this direction because they also understand what is required to ensure control of their business model and avoid the pitfalls of a rapidly changing industry.

Tap into the Power of Marketplaces

As marketplaces wield the power over royalties, savvy creators can explore ways to take advantage of this shift in dynamic. Whether it be through strategic partnerships or custom marketplace development, there are several ways to get creative.

Creators fostering partnerships with existing marketplaces can see a lot of upside, but these are also dangerous waters to traverse. Agreeing to a percentage of platform transaction fees in exchange for promoting the platform and bringing your audience can be financially rewarding. A significant cut of all transactions is similar to a commission or royalty, however the power still belongs to the marketplace. This marketplace can always delist your collection, prioritize competitors, or simply block your actions at any point.

The development of a custom NFT marketplace is the best long term approach because it also enables control over a creator’s business model. Creators can incorporate whatever financial model best suits their project and community. Royalties can be enforced, and even redistributed to the community members as financial incentive. This serves as a great marketing tool, inviting new members to join, access royalties, and support the growth of the project.

Think of it as creating an open general economy inside of your product. Sure sales will always exist outside of your ecosystem, but you can control what happens within your ecosystem and inspire members to engage with you instead of elsewhere. Having your own platform means controlling the flow of buyers, redirecting them to the ideal virtual locations and positioning yourself for long-term success.

This topic might be sensitive for some projects, but consider it a wake up call. Secondary market royalties are no longer a sustainable business model and it is time to act accordingly. My work with Liteflow helps equip creators and businesses with the NFT marketplace infrastructure needed to future-proof business models and position projects for long-term success. We have been preparing for the end of secondary market royalties, and utilizing customized marketplaces as a tool to take control of business models.

We love being able to help any business grow using NFTs, and marketplaces represent one of the biggest opportunities for sustainable growth in Web3. If you’re interested in bringing your ideas to life, reach out to us at Liteflow

3D Metaverse NFT

Launch Your 3D Metaverse NFT Gaming Platform With Sandbox Clone Script

The video game industry is going through a time of fast transformation. It’s tough to compare the gaming experience you had in the past with what you have today.

Have you ever considered how much more user-friendly blockchain-based metaverse games might be?

Because metaverse games integrate AR and VR technologies, users may have a realistic sense of the physical world while playing in the virtual world. Benefits of the decentralization that lies at the core of metaverse gaming include- 

  • Accessibility
  • Completely randomized design in-game items
  • Ownership by the user
  • Secure transactions.

Additionally, it introduces several fascinating new methods for players to acquire models that they may use in the game to win rewards for themselves. Players may have a gripping and interesting experience with the game. The way you play video games is transforming, thanks to Metaverse. An illustration of such a gift from the Metaverse is The Sandbox.

Let’s investigate the Sandbox game and its clone in greater detail:-

A SandBox Game is what?

Participants in Sandbox compete, create assets, and then try to benefit from those assets in a non-fungible token game and marketplace.

The creators of Sandbox were determined to create a 3D-dominant virtual world game environment for the Ethereum blockchain. Players may design, manage, and profit from gaming experiences in this decentralized gaming ecosystem.

In the SandBox NFT Game, users may upload, publish, produce, and sell NFT creations. With the help of the sandbox game creator in the SandBox game, anyone may quickly build amazing 3D games. Additionally, it guarantees participants access to organized elements like assignments, submissions, and tales.

Token native for Sandbox:

The native currency for Sandbox is the SAND token. Players may use the SAND token for all interactions and transactions in the game. The virtual commodities produced by the participants in the sandbox gaming may be easily monetized as NFTs and sold for SAND tokens.

Sandbox Clone Script:-

An Ethereum-based decentralised platform called Sandbox Clone Script enables anybody to build their Sandbox-like Metaverse NFT Gaming. The Sandbox clone script has all the same complex gameplay capabilities, functions, and rich features as the well-known Sandbox Metaverse game.

You have access to a configurable feature that allows you to modify the SandBox in any way that suits your needs. To develop a simple NFT virtual game comparable to SandBox, SandBox Clone Script offers Metaverse NFT Gaming s from all horizons. It offers top-notch customer support to anybody looking to create a quick-loading Ethereum gaming like SandBox.

Sandbox Clone Script’s features include the following:-

Three sorts of cryptocurrency tokens exist: commodities, land, and sand. You can use this sophisticated toolkit to create NFTs and avatars. Creators’ copyright is protected for the remainder of their lives. It is a decentralized gaming system that produces a sandbox game using cutting-edge technologies. It grants you the ability to vote and make decisions.

The digital goods on the Sandbox NFT e-commerce system are excellently diversified. It holds auctions for interested purchasers to purchase artwork, avatars, entities, things, accessories, equipment, and virtual land. On the Binance Launchpad, it was introduced as an Initial Exchange Offering (IEO) (IEO).

Advantages Of Using A Metaverse SandBox Clone Include:

Any awards you get in the Metaverse have actual worth. It is easy to guarantee that the game options are limitless with sophisticated instruments. NFTs created by SandBox Metaverse games may be converted. You may use it to carry out tasks like selling, buying, and monetizing game creations on the blockchain. This method allows you to create a voxel world and game experience quite easily. Improved gameplay features include controls for camera sensitivity, sound on/off, and adjustable screen resolutions.

Check out: How To Create An NFT MarketPlace Website Like OpenSea

How can you create a Sandbox-like Metaverse NFT game platform?

It is important to have a ready-made clone of a sandbox to build a marketplace similar to a sandbox with identical functionality and features. Contact experts that offer white-label sandbox services if you want a metaverse-based company tailored to your requirements. You may, however, increase the sandbox clone script’s capability to meet the needs of your Project.

Various skilled professionals construct the Sandbox NFT Game using a meticulous process. They allow you to do business analyses, investigate how online gaming platforms function, create UI/UX and set up Ethereum blockchain networks.

You may develop the Minimum Viable Product (MVP), establish ERC-721 and ERC-1155 tokens, and integrate all functionalities into the front-end and back-end. Furthermore, it becomes much too simple for you to assess performance and speed, provide decentralized solutions to the market, and practice digital marketing campaigns via various lines of communication.

To create a Metaverse NFT marketplace, choose a reputable game development studio:-

These businesses provide excellent Sandbox clone software and post-deployment services, such as bug patching, digital marketing, software upgrades, maintenance, technical support, third-party API integration, and many more. In this manner, a Sandbox-like Metaverse NFT Marketplace is possible. When choosing a business to produce a Metaverse NFT game, you must ensure that-

  • How long has the business been in business?
  • Can it meet all the requirements for your Project?
  • Does your Project have an excellent track record for doing a crystal-clear analysis?
  • Does it have Whitelabel Metaverse NFT Game Development Services, End-to-End NFT Marketplace Solutions, a reliable gaming platform, and technologists?
  • Does it provide a round-the-clock support system to keep customers satisfied?
  • Can the business provide clients with top-notch websites, mobile apps, and timely, high-quality output?
  • How many customers does the business you’ve chosen have globally?
  • Is the technical support staff friendly?
  • Utilizes the agile business methodologies?

Why It’s Beneficial for You to Hire Reputable Metaverse Developers for SandBox-Like Metaverse NFT Game Development?

Are you interested in obtaining a top-notch NFT Game creation service? Do you intend to create a dedicated Metaverse NFT Gaming Platform like SandBox?

You are at the proper location!

Numerous such businesses exist that have a Reputable and Skillful Group of Metaverse Expert Developers and are upstanding in the coding language to provide top-notch source code to operate a profitable firm. They have loyal, completely satisfied consumers.

They have a specialized NFT Development team with several years of NFT application expertise. Depending on your company’s needs, they allow you to select your own NFT-based video gaming platform. They are the best at developing the Metaverse NFT Gaming Platform, and their technologies work to create a wide range of very safe NFT apps that involve:-

  1. Economic development
  2. An open procedure
  3. Time Zone Compatibility 
  4. Simple Communication
  5. A team of knowledgeable developers
  6. Top-Notch Project Management
  7. Product Excellence

You may talk with the youthful and knowledgeable specialists in this method!

Categorically,

Sandbox clone script virtual world is a fantastic chance to establish a solid foundation for your company. It will dominate the blockchain gaming sector in the next few years with a strong return on investment (ROI). So it’s time to launch your company by creating sandbox-style software and having fun with your consumers.

Contact a trustworthy sandbox clone script creation business right now!

Read more: Play and Make Money with the Best NFT Marketplaces

Start an NFT project

Start an NFT project: Step-by-step Guide

Non-fungible tokens, or NFTs, are data bits recorded on the Blockchain. Consider Blockchain to be a decentralized, open-source database. Instead, numerous people update the same database version. NFTs can include any type of data. Written words, spoken words, audio, video, or any other form of creative expression are all acceptable. Each NFT has confirmed ownership and is unique since it is stored on the Blockchain.

Digital scarcity is successfully enabled by NFTs. Real-world objects, as we all know, are intrinsically rare and valuable. Because of NFTs, things and data can have value on the internet. This is why NFT Marketplace services are becoming highly po[ular these days. There are so many crypto businesses striving to avail of NFT services to get their project started. Let us know more in the upcoming sections!

How to Create an NFT From Start to Finish

In contrast to DeFi coins or ICO coins, non-fungible tokens have also emerged as the most popular ‘cryptic craze’. Although some art critics agree, many artists believe the NFT can be long-term viability. Specifically, NFTs are being seen in the future creative economies. NFT concepts and the reason why NFT Marketplace development services can have value are however largely foreign to people in the world. There’s certainly a learning curve when trying out NFT technology.

A Successful NFT Project Requires a Strong Community

Artists can use NFTs to create meaningful works to share with others who share their philosophical views. These NFTs are intended to supplement what they are presently doing. NFTs are transforming the way we do business, develop communities, and perceive artists.

The first step in determining whether to invest in an NFT company is to look into two key factors: the founders and the presence of a plan. The roadmap for various NFT initiatives often includes a full description of their project’s aims at each stage, what they will share with their community, and what will happen when certain milestones are completed. A closer look at the community that the founders have already established suggests that it may not be adequate to achieve their goals. Certainly not in the timeline they have established.

Every successful NFT venture, on the other hand, has synergy between the founders and the community that supports their idea. The following is a five-step process for effectively building and launching an NFT project by availing of the best NFT Marketplace development services.

NFT Marketplace Development – Steps to Start an NFT Project

#1 Define the Objectives of Your NFT Projec

The first step in creating an NFT project is determining your goals. Businesses frequently strive, among other things, to prepare for the metaverse, strengthen communities, and/or provide value or utility to their customers.

Furthermore, some businesses are replacing fundraisers with NFTs. Previously, they may have had to raise cash through Kickstarter or by approaching a venture capital firm. Musicians, for example, may utilize NFTs to fund their next single and studio time.

Whatever outcomes you seek, ensure that you and your team are on the same page about where your project is headed. This clarity can also help you build ways to convince your community to keep your NFTs, such as allowing them to participate in minting NFTs for a future collection or providing regular airdrops.

#2 Use NFT Marketing Tips Prior to Your NFT Collection Drop

You must share your NFT collection as soon as possible. Do not wait until the week before your debut to start building anticipation.

  • Create a social media campaign.
  • Describe the long-term objective.
  • Artwork previews will be posted.
  • Set up whitelist competitions.
  • Make games that inspire others to participate.

#3 Design a Real-time Roadmap For Your NFT Marketplace

If you want to develop a project in the NFT sector, you will need a roadmap that describes your aims and convinces your audience that you are committed to the long-term success of your community and your project.

In essence, a brand map of what community members can expect to receive in the future must be created. Simple ideas include starting with a whitelist token, giving things away for free at specific points, or restricting access to premium experiences to members only.

If you allow your audience and community to participate in the success of your community, they will be much more invested in it, not just as a subscriber, but as part-owners of the community.

A roadmap can assist you in creating a healthy community by keeping your audience engaged and excited about your NFT project while controlling audience expectations. If they are excited about your proposal, they are more likely to support you and spread the word to everyone who will listen.

#4 Invest in an All-encompassing NFT Code

Since bad actors are widespread in crypto and NFTs in general, your code must be well-written while designing an NFT to protect your customers from potential assaults. However, this necessitates considerable programming abilities (Sol language ).

#5 Continue to Innovating and Stay in Line With the Trends and Updates

Every successful NFT initiative ensures that community members continue to benefit beyond what was originally promised. This can be ascribed to the vitality of the NFT business. Even though NFTs are here to stay, keep in mind that your NFT project will be successful if it is valuable to a wide spectrum of individuals.

Value can be both subjective and objective. If the point was not made apparent, return to step one and this page. Many NFT projects succeed for a short time due to viral marketing, but many fail because not enough people can connect with them personally or in their communities. Create an NFT project with a unique story as a result. However, you should make an effort to innovate the plot when necessary. Your community’s ideas are constantly evolving.

Conclusion

NFTs are off to a good start in 2022. New ventures have joined the market, and the top blue-chip collections have sold out. Because of the insanity of the present NFT hoopla, it will be difficult for anyone in the DeFi and art sectors to pretend they haven’t heard of or come into contact with the NFT cosmos.

If you are new to the NFT concept in general, it is recommended to start your investment career with some well-established, respectable NFT Marketplace development services providers. Perhaps an established company that sells its NFT product line. You can preserve your investment and undertake additional project studies in the meanwhile by doing so. Keep the following information in mind:

  • Choose your thing
  • Select a Blockchain
  • Create your online wallet
  • Choose your NFT market
  • Put your file online
  • Establish the sales procedure

Read more: Top 3 NFT Releases in September 2022

NFT Releases

Top 3 NFT Releases in September 2022

The market as a whole has faced a massive cooling in the last 6-8 months or so. Similar to the internet boom of the late 1990s (and following crash), We expect there to be a fundamental shift in how NFTs are built, marketed, and minted. There is a lot of untouched potential within the functionality of smart contracts. We expect collections who creatively utilize these technologies to do the best moving forward. We unfortunately believe the days of the 10,000 hype-beast collections selling out are in the rear view mirror.

That being said, we have researched and found 3 NFT collections that are dropping in August / September that do a fantastic job of utilizing smart contract technology and have real underlying utility. These are the types of collections we expect to hold and grow their value moving forward. Today, we will be breaking down our Top 3 NFT releases for August & September 2022.

Collection #1: Techera Syndicate

This is a limited-edition 99-piece collection being produced by Techera Solutions. Techera Solutions is an End-to-End NFT development agency that has completed and launched NFT projects for individuals, small businesses, and large enterprises.

We have never seen a collection that offers what Techera Syndicate does.

Each of the 99 NFT Holders will work together to create, develop, and launch a community-run NFT collection.

The 99 NFT holders will receive all profits and ongoing royalties from the collection sales. Holders will gain access to exclusive chat & video rooms as well as VIP metaverse locations where individuals can talk, brainstorm, and vote on important decisions about their collection. Once the collection is launched all holders will split all profits from the launch and ongoing royalties.

So how does it work? From now until November, Techera Solutions will be minting on a rolling basis. There are no discord promotions, refer friend promos, etc.

Although access to mint a NFT is exclusive it is also fair and simple.

There are two questions on their minting page. Answer these questions to your best ability. Techera Solutions will review these answers on an ongoing basis and invite their favorite responses to mint an NFT.

As you can see, Techera Syndicate is quite unique from other NFT collections. We expect the limited-edition quantity, high-utility, and community driven nature to lead to an increase of value for these NFTs on the secondary market which is quite rare in the current market conditions.

Collection #2: Isekai Meta

Isekai Meta is a Filipino-led project by Sayres, with co-founders Waps, Chev, and Frankied. The rest of the team comprises nine hand-picked individuals from different locations. You can be assured that you are in good hands with this team.

There are a few things right off the bat that really stick out with this collection. The first being, there are over 500 hand drawn traits. This is more traits than 99% of the collections I have seen to date.

The art is incredible and heavily influenced by pop culture, lo-fi aesthetics, and Japanese anime/manga.

Isekai Meta is  partnered with Studio 9 Lives, a full-service Animation, Illustration, & Design Company. This allows them to turn their art and imagery into an immersive video based reality.

Go to their website and you can see the feel, design, and art is something really special.

These are currently selling on OpenSea with a floor price of 0.4 ETH which we would not be surprised to see go up.

Collection #3: Souls of Nature

Souls of nature brings together social-impact and immersive meta experiences. Their entire collection is built on the Unreal engine to allow for high-end technologies to integrate with it. There will be a total of 9,271 NFTs generated. All of them will include both visible and non-visible traits.

Souls of Nature is an online game that is still in development but you can currently play a demo online.

Metazooie is the creative and developmental force behind Souls of Nature.

The goal of Souls of Nature is to not only create a top level, immersive game but also to lessen NFTs environmental impact overall. A percentage of the profits from the mint will be donated to protect endangered animals and their habitats around the world.

While playing the Souls of Nature game, NFT holders  will grow and nurture their unique animal NFT, while earning free crypto – the project’s goal is to be an ‘experience to earn’ game where players are re-born into an animal soul and complete missions to help the environment both virtually and in real life.

Check out: How To Create An NFT MarketPlace Website Like OpenSea

Crypto, NFTs And Online Casinos

The Blockchain, Crypto, NFTs And Online Casinos

The blockchain is helping to revolutionize many different industries and over the next decade it will transform the way business is conducted. Web 3.0 and the metaverse is upon us and now the infrastructure is being built to create the economy of the 21st century. In this article, I will talk about how the blockchain, crypto and NFTs are transforming the way gambling is carried out online.

This year has seen the rise of the first crypto casinos to use NFTs. The leading platform BC Game has launched a new NFT section to its state of the art casino. Users who obtain NFTs gain extra rewards such as higher bonuses and other benefits that are exclusive to those who hold an NFT. Currently there is a BC Game shitcode that offers users between $1 to $3 usd in crypto with no deposit requirements.

Why Blockchain Casinos Are Better

Online gambling transactions may be tracked using a public, distributed ledger in the blockchain technology. It is most typically used for Bitcoin and other cryptocurrencies. All transactions are recorded in a public ledger on the blockchain automatically and securely. With a distributed network of computers, cryptocurrencies do not need a central authority to function.

Among the advantages of blockchain are:

  • Reduction in the possibility of fraud
  • Transaction and processing costs are lower.
  • Enhanced security and privacy
  • Speed and efficiency have been improved.
  • Transparency from beginning to conclusion

As casino game design evolves, blockchain and cryptocurrency technologies will be a key part of it. Online gambling has already been transformed, and we’re starting to see similar advancements in video games, too with the rise of Play-to-Earn gaming.

What Exactly Are NFTs, and How Do They Work

An object’s license may be traced back to a specific person via non-fungible tokens, (NFTs). As a result, digital objects like photographs, music, and movies cannot be copied because the owner’s data is stored in a blockchain, which is an immutable data ledger that proves ultimate ownership.

NFTs are like cryptocurrencies as they are only accessible as digital assets, which may take the form of a variety of NFTs, such as digital art, gaming skins, memes, and other things.

For Online Gambling, How May NFTs Be Used?

NFTs are being used as VIP tickets by several online casinos as part of their loyalty programs. As a result, you might have access to exclusive casino gaming lobbies, as well as exclusive awards and functionalities. NFT slot machines and NFT loot boxes have even been predicted to represent the future of casino gambling.

Online Casinos’ New Metaverse Orientation

Final Thoughts

Many sectors will be transformed by NFTs, including online gambling, in the near future. In the last several years, they’ve evolved from social media avatars to actual applications on the internet.

When it comes to online casino real money gaming, I’ve focused on the particular effects of NFTs on both operators and players. With NFT, the interests of players and operators may be aligned in the world of online casinos.

play to earn gaming

Is play to earn gaming worth it?

There is a lot of discussion about the question is play to earn gaming worth it? Many people believe that the hours spent playing games can actually be turned into real money if you are skilled enough. Others believe that the value of cryptocurrencies is too volatile to make anything worthwhile from gaming. Ultimately, it comes down to how much you enjoy the game and whether you think you could make a profit by playing it professionally.

For example, as a student, you may be wondering the question is play to earn gaming worth it in order to earn cryptocurrency. The answer is: it depends. Earning cryptocurrency through gaming can be a fun and efficient way to make some extra money, but it’s not always the most productive use of your time. Here are a few things to consider before deciding whether or not crypto gaming is right for you:

How much time do you have to spare?

If you’re already busy with schoolwork, extracurricular activities, and a job, then crypto gaming may not be the best use of your time. It takes a lot of dedication and patience to earn cryptocurrency through gaming, and you may find that you don’t have enough hours in the day to devote to it.

Many games feature daily caps, which aid in long-term economic sustainability. Some play to earn titles are free to play, and little amounts of money will dribble in. However, there are games that are extremely profitable but need a medium to high expenditures, allowing you to play some in the form of NFTs and others by staking LP tokens. When it comes down to it, how much money you make is determined by your investment, and the daily return on investment is defined by the game you choose to play.

How much money do you want to make?

The amount of money you can make depends on the game. Some games have a higher payout than others. Additionally, how much money you want to make also matters; if you only want to make a little bit of extra cash, then playing lower-paying games is probably your best bet. However, if you’re looking to make a lot more money, then you may want to invest in games that have a higher payout.

For starters, it is important to note that the amount you can earn will vary depending on how dedicated you are to the process. As an experienced gamer knows, it’s important to be dedicated if you want to earn

rewards. Whether it’s online or offline, playing games takes time and effort – and the same goes for cryptocurrency gaming. If you are only willing to put in a little bit of time each day, then you can expect to make around 15 USD per day. Hence, generally speaking, you can expect to make around 450 USD per month if you put in the dedication. Otherwise, an average player would earn approximately 100 USD per month.

There are a number of online games that allow you to earn cryptocurrencies as rewards for your performance. Some of these games include CryptoKitties, Bitcoin Billionaire, and Spells of Genesis.

However, it’s important to remember that the amount of money you make will depend on the market value of the cryptocurrency at the time. So, if the value of Bitcoin or Ethereum drops suddenly, your earnings will likely take a hit as well.

best NFT marketplaces

Play and Make Money with the Best NFT Marketplaces

Gamers! You all are going to have the time of your life because you are going to game your way to glory. All you have to do is, Play! Play! and earn. Here’s all you need to know about the NFT gaming marketplace. Ever since CryptoKitties got launched in 2017, online gaming has pushed its boundaries to different levels. The gaming industry is now considered one of the most lucrative industries in the market. Now that they have entered the NFT scene, the gaming community is expecting a prospective future.

What are NFT games?

NFT games are blockchain-based games that allow users to purchase in-game items to be used as tools for completing a task or sell to users within the task and on other NFT platforms.

Imagine that you have spent a good sum on making an in-app purchase, and eventually, the game stops, or you lose interest. Now the purchases that you have made will become redundant. So now, the entire profit goes to the game developer or the studio. This scenario can be avoided through NFTs. With NFTs, irrespective of what happens to the game, you can still own the purchases that you have made. The ownership stays with the gamer and not the developer. If you own an asset, you have all the liberty to do anything with it.

Reshaping the Video Game world through NFTs

Remember the games that we used to play as kids? From Arcade games to videogames, these games have now taken a new avatar in the NFT world. Most of these blockchain games are based on tradable collectibles. The coins that you collect, the weapons that you win, and all that you see in the game are tokenized. NFTs can be anything from accessories, cars, tracks, costumes, weapons, etc. Going a step forward, we have games in the virtual World or Metaverse, where you can own and build spaces as assets and even interact with other players.

Now that we are excited about gaming NFTs let’s look into some of the Best NFT marketplaces:

  • Jump.Trade– An emerging Marketplace for Cricket games!

Cricket NFT is slowly gaining popularity among cricket enthusiasts. And if you are one, Jump. trade is the Marketplace you have to check out. Jump. Trade is the World’s first Marketplace to launch Play to earn Cricket game NFTs. The platform sold 55000 of its Cricket game NFTs -‘ Meta Cricket League’ in less than nine minutes. You can buy bats, players, and signed legendary cricket NFTs. The Meta Cricket League provides a plethora of monetizing options to gamers and game developers. This Play to earn model has created a new buzz among the young gaming community.

  • GameStop– Exciting Marketplace for Video Games

GameStop is aiming to make a strong foothold in the video game space. The company is said to raise a huge fund for game developers who come to the GameStop Marketplace. The NFT platform is built on Immutable X- a Layer-2 protocol for Ethereum.

  • AxieInfinity– Cute little things leading to huge profits

AxieInfinity is a blockchain-based game where you have to collect cute little monsters and pit them for battles. Players get SLP tokens during gameplay and trade them for money in exchange. Nintendo’s famous Pokemon inspired this game. If you own an Axie, then you can re sell them. It has a play to earn approach, which rewards you in crypto tokens that

can be exchanged for money.

  • Decentraland– One stop place for the best Digital Assets

Decentraland is a digital world owned by its users. It’s a new world entirely built by its users.

Users can buy and sell land estates, avatar wearables, and names in the decentraland marketplace.

You can explore all you want, create scenes, artworks and challenges using Builder Tool, and participate in events to win prizes. Experienced creators get a chance to charge the world with social games and applications.

“Gaming is not my thing!” is that what’s going on in your mind? No worries. Here’s a list of marketplaces you can still check out.

  • Binance– All in all! from Crypto to NFTs

Binance is one of the largest Cryptocurrency markets places. They introduced their NFT Marketplace in 2021. They have IGOs- Initial Game offerings, i.e., They offer NFT assets from top tier gaming projects available. These are exclusive for gaming, and all the drops will have an in-game asset such as early-access passes, weapons, etc. Binance stands out as a very user-friendly and reliable website. The cherry on the cake is that the platform deducts only a 1% trading fee.

  • OpenSea– ‘World’s first and largest digital marketplace.’

OpenSea has been there in the NFT scene for quite some time now. It was launched in 2017 and has continued to be one of the largest and most active marketplaces. It has helped in

facilitating the launch of many NFTs from art, music, photography, trading cards, etc. Core cryptocurrencies like Ethereum, Solana, and USDC are used on OpenSea. One of the striking features of Open sea is that it is very user-friendly and reliable. Anyone can create an account for free, and you can start browsing right away. You can even create your own NFTs on their platform. A 2.5% fee is collected for every transaction. You also have to pay a Gas Fee for transactions with Ethereum.

  • Rarible– Community owned Marketplace

Rarible is a decentralized marketplace that allows you to sell art, video games, assets, and NFTs. Rarible lets you deal with Ethereum, Flow, and Tezos. Some of the unique features of Rarible is that it is not dependent on an in-house management system. They created their own token called RARI, and those who own this token get to take company decisions regarding company policies. Another added-on feature is that you can buy NFTs through credit cards. If you are looking for an NFT platform where you can access a large community with solid connections, then Rarible is the Marketplace for you.

Crypto.com is one of the widely used marketplaces. It is one of the largest Cryptocurrency exchange marketplaces with over ten million users. Crypto.com ventured into the NFT scene in 2021. They offer NFTs from a wide range of categories like art, celebrities, gaming, sport, music, etc. Crypto.com aims to make the entire process of buying and selling seamless. NFTs on this platform are available at auction or at a fixed price. Users can make a purchase through credit or debit card. Crypto.com Payway lets the user purchase through Crypto.

Beyondlife.Club is an ideal place to buy and sell unique and prized NFT collections. Being a part of this Marketplace enables one to be part of the elite NFT collector spectrum. By accessing this Marketplace, you can transact official and unique NFTs that cannot be found in any other Marketplace. Their Big B Loot box was a huge hit. It gave an opportunity to buy the exclusive Amithab Bachan NFTs. The Legendary Stan Lee’s Chakra was another huge hit. So, if you are looking for unique NFTs, this is your place.

Wrapping Up

So hurry up and head to all the Best NFT marketplaces listed above. You will be fascinated and  might even end up making a purchase immediately or want to mint your own NFT. So, take that first step right way.

Bullheaded NFTs

Introducing Bullheaded NFTs, the first dog-themed quality NFT collection

The non-fungible token (NFT) industry is booming, and countless new, albeit mostly low-quality projects populate its sphere every single day. When we conceived the idea of Bullheaded NFTs, we had one major goal in mind: to create something that will eventually be listed among the best of the best, like the Bored Ape Yacht Club, Azuki, or the like. We are proud to announce that it seems we have succeeded—read on to find out how you can get in before the public gets to know us.

What are Bullheaded NFTs?

Bullheaded NFTs are 7,777 fully bespoke items featuring bully breed dogs in a variety of styles, backgrounds, and other traits. The entire collection is registered on the Ethereum blockchain, with each token following the ERC-721 standard, which ensures ownership security, and transaction safety for all future holders. Our collection aims to follow the footsteps of globally renowned projects, which proved that sometimes all NFTs have to do is provide extremely solid intellectual property, exclusive on,-and offline benefits, and plans to get excited about, in order to amass a following.

Bullheaded NFTs will do just that, and more: the collection will not only be among the most diverse and high-quality artwork within the industry, but will also come with a multitude of holder perks and advantages that are expected to create natural demand and value for the BullHeads. 

What makes Bullheaded NFTs unique?

Let’s take a closer look at what differentiates BullHeads from the rest of the crowd. First off, we can’t slide past the sheer quality and diversity of the artwork that BullHeads are. Randomly generated from over 160 traits and specs, each BullHead has its very own unique personality, featuring a vivid combination of facial expression, futuristic clothing, eyewear, weapon, and many more. The way BullHeads look and feel actually resembles the most sought-after collections worldwide, which is anticipated to boost their prices significantly once publicly traded.

Moving on to the exclusive features and benefits owning a BullHead provides. Our goal was to not only create high-value intellectual property without any utility, but to make full use of digital ownership through NFTs and equip BullHeads with countless advantages to their name. By the time of the launch, these will include access to an exclusive club of global holders, blockchain-related perks, and private events, with many more on their way from the areas of DeFi, P2E gaming, BullHead DAO, airdrops, and the sort.

What’s the roadmap of Bullheaded NFTs?

We are proud to have a roadmap that promises incredibly exciting times. From donating to charity to opening a merchandise store and rewarding our community with numerous airdrops, the future of Bullheaded NFTs looks to be an epic journey that you don’t want to miss.

How to get your Bullheaded NFT

It’s simple: follow along on social media or any of our sites and get your hands on the pre-mint BullHeads for 0.7 ETH + gas, or secure your piece during the public mint for 0.8 ETH + gas. Let’s embark on this journey together, the Bullheaded community awaits your membership.

Check outIs It Worth Adding NFTs To Your Investment Portfolio?

NFT MarketPlace Website Like OpenSea

How To Create An NFT MarketPlace Website Like OpenSea

In December 2017, OpenSea, a leading NFT marketplace platform, was established. It received a significant capitalization of $23 million (totaling $27.2 million) in the most recent round, which was announced on March 18, 2021. The popularity of the platform has so far exceeded everyone’s expectations. For this very reason, the budding entrepreneurs are partnering with NFT marketplace development companies and launching their NFT marketplaces similar to OpenSea.

As a result of the success and popularity of the OpenSea platform, many companies are developing their own NFT marketplaces that are similar to OpenSea.

These OpenSea clone platforms allow users to decentralize their items’ creation, listing, trading, and management with other users. You can also interact with other users to buy and sell NFTs currently available in the market.

NFT Tokens’ Characteristics

  1. Due to their inseparability, you can’t break NFTs into smaller pieces.
  2. Authenticity: Token authenticity can verify information about tokens and their owners.
  3. Non-interoperability: Because each token is unique, thus eliminates the possibility to intergrade them.
  4. NFTs are tamper-evident and can be traded on many cryptocurrency exchanges. As a result, owners can benefit from these advanced trading algorithms.
  5. The ability to group, trade, and sell NFTs in the market opens up many possibilities for NFT holders.
  6. Interactivity: You can interact with different ecosystems using the ERC721 token and the best ERC1155 token. Both standards enable the production of NFTs for digital collectibles.
  7. The fact that non-fungible tokens are traded increases liquidity exponentially.
  8. The many NFT trading platforms cater to a wide range of traders, from novices to seasoned professionals. As a result, more buyers will be able to access digital content.
  9. Developers can use smart contracts to limit NFT offerings strictly. Coders may impose certain properties that cannot be changed once the NFT is implemented.

NFTs are digital assets that represent real-world goods such as art, music, in-game items, and movies. These tokens are based on the Ethereum blockchain and are of a kind that no other value can be substituted for.

Let’s look at an example of a real image from the market. NFT tokens are digital works of art, such as pictures, songs, and gaming domains, whose value is expressed in the Ethereum or Bitcoin cryptocurrency, converted into dollars.

NFT functions similarly to a cryptocurrency in that it is stored on a blockchain, providing it has monetary value. It is, however, appealing enough to be referred to as NFTs creation or, more simply, NFT’s digital assets.

These tokens are one-of-a-kind, just like a piece of art. Some tokens are partially unique, while others have a smaller supply but are rare.

Among other things, this feature has a significant impact on pricing. NFT is also indivisible; Unlike bitcoin, it cannot be split in half or split into multiple pieces.

OpenSea is one of the most popular markets for NFTs, or virtual assets, that have a large selection of GIFs, animations, and basic graphics, and whose authors can make millions of dollars selling some of these works of art, on which we Will discuss Later in the webinar.

Read about: What Goes Into Building An NFT Marketplace like CryptoPunks?

What Are NFTs, And How Do They Work?

The birth of cryptocurrencies was witnessed all over the world in 2017. However, it is important to note that the token owner has access to all original file copies. Even though digital data itself is infinitely replicable, the NFTs that represent digital files are tracked on their key blocks and provide customers with proof of ownership of the NFTs.

NFT codification leads to pricing, ownership, and transfer records to prevent digital counterfeiting and file replication. Once shipped, NFTs will exist on the blockchain indefinitely as long as the system is operational.

How To Build a Digital Assets Marketplace for Sale

An NFT Marketplace is ready to assist digital content providers in appropriate locations. One can experiment with a variety of methods to demonstrate creativity and improve finances rapidly. With an NFT Token Development Company, you can even build and launch your own NFT marketplace similar to Opensea.

OpenSea Clone will eliminate the need to start from scratch when building a website similar to an OpenSea clone. Assuming that you are fully aware of the steps involved in building an NFT marketplace, let us suggest some must-have features to add to your NFT marketplace.

To this point, NFT-based marketplaces have established their own standards for marketplace features. The features you select are entirely dependent on the type of white label NFT marketplace you intend to create.

Rarible

It is similar to OpenSea as it is a bigger market for NFTs. The platform is based on the Ethereum blockchain and is its cryptocurrency.

Axie Marketplace

According to an online platform for video games and gamers, mythical creatures are well trained and fight against each other to gain rewards.

These are just two examples of NFT-based marketplaces. Now, we will go through the essential features.

Check out: Meet Lazy Leopards, one of the most hyped NFT projects of 2022

An Example of a Feature to Include on Your Website is OpenSea

Storefront

The NFT auction platform must include a storefront in the form of a marketplace. OpenSea, for example, provides on-chain information for smart contract verification to assure customers that the NFTs they purchase are genuine.

Searching For Items

Add a button to the website that allows users to search for assets.

Filters

Filters also make it easier to navigate a website that primarily consists of collectibles. Allow customers to search for items by category, payment method, collection, listing status (such as “new” or “offered”), and other criteria.

Creating listings

Take a look at Flow, and you’ll most likely need something like OpenSea’s Collecting Manager to keep track of your collections and stuff.

A user on the collectible creation page should upload a file and fill in basic token parameters like name, description, and tags. I recommend that you sign up for many popular NFT marketplaces (Source) to see which flow of making NFT and selling it appeals to you the most and which stages you would excel.

Users can use the status of a listing to help them decide which NFTs to buy. They can find the best answers faster and more easily by searching, sorting, and filtering. Sellers can easily navigate through statuses, which is useful if you want to add a collectible verification process.

The Importance of Creating an NFT Marketplace in the Digital Age

From 2018 to now, the market value of NFT has nearly tenfold increased. According to reports, calculate market capitalization for such a young market, and this estimate is “conservative” based on current data.

The new market’s volatility is evident from the NFT transactions and values: game transactions are down while art value is up. The intensity of events in this new market is reflected in the NFT transaction volumes for various segments. Digital artwork by the NFT was sold for around $ 69 million in early 2021, making it the third-highest-value piece ever sold by a living artist.

According to the data presented above, the best time to invest in NFT art is now. And the potential for it is growing by the day. So, now is the time if you’ve been considering starting your own NFT marketplace website.

How Do Non-Fungible Tokens Get Taxed?

NFTs, like equities that are sold for a profit, are subject to capital gains taxes. They may not be eligible for the same low long-term capital gains rates as stocks because they are classified as collectibles, and there may be a higher tax rate on them. On the other hand, the IRS has yet to decide what NFTs are for tax purposes. NFT enjoys a similar tax as there is on the fungible cryptocurrencies.

Organizations, celebrities, and individuals can now auction off their digital works, with all proceeds going to a charity of their choice, thanks to NFTs. You may be eligible for a lower tax bill if you donate your NFTs to an approved charity.

You can deduct an asset’s appreciated, fair market value from your taxable income when you donate it. For example, if you own $50,000 in artwork and donate it to a charity that you frequently support, you may be able to deduct it from your tax return as a charitable contribution.

Because each fragment has its own set of digital features, no two NFTs are alike. Even if the artist releases two pieces with no obvious physical differences, the metadata stored in each NFT is unique. You can’t overestimate the importance of protecting intellectual property within the NFT system.

Read more: All-in-one Guide on the Rudiments of NFT Development

NFT Games

NFT Games Could Soon Become the Full-time Hustle for Gamers

Let’s play a game – how often have we heard this phrase since childhood! Gaming platforms have had multiple shades over the years – a companion, a pick-me-up pal, an interactive system. However, they’ve never had this monetization potential until a blockchain-linked digital asset (non-fungible token) stumbled upon the ever-lucrative gaming industry.

NFT or non-fungible token is a digital asset representing real-world art to music and in-game items. Blockchain technology allows users to track their ownership with great precision. Everyone can see who previously had the NFT, who currently owns it, when each transaction took place, and how much money was spent. Owners can also use the public ledger system to prove that they own a genuine NFT. When someone buys an NFT, the blockchain validates that they are the legitimate owner.

NFT games blend traditional gaming components with innovative gameplay techniques. Players can claim ownership of game assets in three ways now that this framework is in place. They can make new characters, buy digital items on the native or third-party markets, and get and unlock new items. You have exclusive ownership rights to these game assets, regardless of how you obtained them.

Balthazar Community Report

Balthazar is a play-to-earn NFT gaming platform that intends to connect people with NFT investors. This decentralized gaming platform empowers gamers with a self-sustaining and wealth-building ecosystem.

Balthazar, a Filipino Gaming platform, has issued its community insights report, which indicated that one-third of respondents (32%) prefer to quit their jobs if they could play NFT games full-time. The naysayers find play-to-earn (P2E) NFT games are still in their infancy to provide them an adequate income. Also, some survey respondents think that the unaffordability of NFT assets can be an issue. That’s where an NFT lending platform comes in with its timely scholarships, lendings, etc.

This report directly highlights the fact that the trend of people quitting their jobs for NFT games is definitely picking up. Another noteworthy thing is that NFT gaming communities also have a benevolent side. A play-to-earn gaming group Yield Guild Games (YGG) have raised around $1.4M for the typhoon-hit Philippines during December 2021.

Check out: All-in-one Guide on the Rudiments of NFT Development

Trends that Could Woo Them (in the Long run)!!

play-to-earn gaming

  • Play-to-earn (P2E)

The play-to-earn model is nothing new in the gaming business. However, blockchain has made it more egalitarian, and the profitability of NFTs has improved. Playing blockchain-based games rewards players fairly, allows them to participate in game development decisions, and allows them to earn or harvest NFTs that can be used across several games.

  • Metaverse

The metaverse is already present in the game in various forms. At online casinos, players can choose from a variety of games, including traditional board games and themed slot machines. Many firms have started incorporating their gaming platforms in the Metaverse to offer their users an immersive experience. These metaverse-inspired NFT gaming platforms use augmented reality to combine digital and physical elements to provide a more dynamic and engaging experience.

  • NFT Farming

Many NFT-based games allow players to use tokens for farming new exotic NFTs. Users that wager their token, for example, are rewarded with one-of-a-kind cards, sets, and chests. These NFT objects’ rarity can be divided into visual rarity and game-play rarity. When farmed, the visual value of NFTs will include features like a background, a card frame, and more. A game-play rarity-based NFT item appears to be a weapon that may give players an advantage over their opponents.

Conclusion

The freedom to monetize gaming enthusiasm could persuade more gamers, and that’s what recent reports suggest. There may be a time (in the future) when gamers will be running short of gaming platforms. Are you an entrepreneur? Indulge in the NFT Gaming platform development and build a game that excites gaming aficionados. Do you wonder – where to start? Hire a gaming development company!

Read more: What Goes Into Building An NFT Marketplace like CryptoPunks?