Everything you need to know about NFT’s.
NFT stands for “non fungible token”. This special token is using the ERC-721 standard, in other words: Every token is unique & can have different value than another Token from the same Smart Contract.
A “normal” token uses the ERC-20 standard, which basically means: each token is the exact same as the other!
(It can also be BEP-721 or anything else, it depends on the network!)
They can be used in different sectors, for example: Gaming, Art, collectibles and many many more!
- Gaming: In-game items can be NFT’s, so there would be the possibility to trade your items over the entire network! There is already a NFT gaming marketplace called Enjin.
- Art: Artits can publish their art with ease and everybody from everywhere can buy and trade it! There are plenty art marketplaces like OpenSea or Rarible.
- Collectibles: People all around the world can collect and trade their favorite collectibles. For example CryptoPunks & PancakeSquad.
You can buy them on central or decentral marketplaces, like Pancakesquad (dex), Binance (cex), OpenSea or Rarible. (There are a lot more, but i just insulted my favorites in here!)
The most popular way to earn those tokens for free, are NFT games. Yeah, you can get paid for just playing some games.
Top games to earn NFT’s:
– Axie Infinity
– Town Star
– Gods Unchained
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