Introduction:
NFT Crypto, NFT Token, the trendiest words in crypto investing in 2021! Everyone talks about them, but only a fraction seems to know anything about them. Half of the group thinks they’re silly, and the other half is ready to invest their entire fortune in a thumb-sucking digital cat. How the hell did this happen?
NFTs (Non-Fungible Tokens) are so-called non-exchangeable tokens, i.e. they are the same type of digital currency as cryptocurrencies, but not means of exchange. Instead, each NFT Crypto is a unique token that can be bought and sold, but not exchanged. NFT Crypto can be, for example, a work of art in digital form, a piece of music, a digital tortilla, or even a cat. If NFTs weren’t an obscure concept to begin with, at least they are now. But don’t worry!
After reading this article, you will know exactly what NFT Crypto is, what they can be used for, and where to buy them. In addition, we will go through whether these highly hyped items are a decent investment, and which NFT Tokens are the best on the market right now.
Best NFT Tokens July 2023:
- Dash 2 Trade – World-class crypto analysis token and social trading platform that facilitates investors to make productive decisions – Available for pre-sale now!
- IMPT – In our opinion, the best cryptocurrency to buy right now: An innovative carbon footprint offset program
- Calvaria – An Exciting New Cryptocurrency to Play with NFT?
- Tamadoge – New Meme Coin That Could Increase 100x in Value – They Have NFTs
- Lucky Block – One of the largest NFT platforms where you can access price discounts.
- Axie Infinity Shards (AXS) – An Ethereum-based digital marketplace featuring the Axie Infinity NFT game.
- Theta (THETA) – a video streaming blockchain platform and encryption protocol that aims to change the way we consume streaming video on the Internet.
- Tezos (XTZ) – Tezos NFT devices are environmentally friendly and easy-to-use platforms for selling NFT products and services all over the world.
- Chiliz (CHZ) – a crypto protocol that has integrated sports fandom into the blockchain.
- Flow (FLOW) – provides a platform where transactions are fast and affordable, making it perfect for NFT trading and crypto games.
Best brokers to buy NFT Cryptos and other cryptocurrencies:
The year 2021 has been a very fruitful time for cryptocurrencies: Bitcoin’s wild rise sent the entire crypto market soaring. And NFT became one of the most trending letter combinations on the internet. NFT crypto is a new way to sell and buy the most amazing products and services in digital form, and some NFT Cryptos are ready to pay helicopters. Buy NFT tokens from reliable trading services on the internet. Which allows you to invest without extra fees or cumbersome intermediaries. These five are the best trading platforms on the market right now:
- OKX – Very wide selection of cryptocurrencies, easy to use,e, and regulated site.
- Libertex – a Russian, globally known trading platform that allows you to trade all major cryptos.
- Binance – the world’s largest cryptocurrency exchange, which enables extremely versatile trading in a wide range of cryptocurrencies.
Cryptocurrency is a digital currency. This further strengthens the fact that it is worth investing in them through online services instead of a bank. The aforementioned platforms have more influence and know-how. As well as better capabilities to guarantee the safety of your funds when it comes specifically to cryptocurrencies. OKX. and Binance’s trading platforms offer an excellent selection of cryptocurrencies, including NFT tokens. NFT Crypto is not yet available on other trading platforms, but they are expected to jump on the bandwagon shortly.
Of course, the trading platforms also have their mobile applications, where your crypto wallet goes with you every day. The above-mentioned platforms invest in the security of your cryptos and your data at a completely different level than banks. Because they recognize that cryptos attract a lot of hackers. And how hard is it to find a bank that would even consider offering cryptocurrencies?! Although it sounds unbelievable, you invest more safely online than in your bank.
What is an NFT Token?
NFT Crypto in a nutshell is a digital resource that represents products and services we are all familiar with, such as works of art, music, game,s, and videos. In addition to tangible things, NFTs can also represent experiences, which makes them investment targets of a completely new dimension. NFT tokens are based on the same foundation as cryptocurrencies, i.e. blockchains. More specifically, for smart contracts or decentralized applications (dApps) located on blockchains.
The main thing that separates NFT Crypto from cryptocurrency is that cryptocurrencies can be traded with each other. While NFTs are assets that are unique and therefore cannot be exchanged. NFTs are a bit like the Leonardo da Vincis of their field: they existed before the world was ready for them! The first NFT tokens were created back in 2014, and from 2017 until today. A whopping $170 million has been spent on NFT devices worldwide. But it wasn’t until 2021 that they managed to get into the headlines. And the general public consciousness.
Another thing that separates NFT Tokens from cryptocurrencies is their scarcity. While cryptocurrencies always exist for at least hundreds of thousands of coins or tokens. There can only ever be one unique piece of NFT. Each NFT therefore has its own, private identification code. Which is why they have been described as “creators of digital scarcity”. Whether this digital scarcity is a good thing or a bad thing is open to many opinions. In the digital environment, the concept of scarcity has generally been a very rare phenomenon. But on the other hand, scarcity is also known to increase the value of certain assets. But what kind of values are we talking about when it comes to NFT tokens? One word: great!
In the NFT market, money moves:
In 2021, the most popular NFT products have been especially NFT games. Video clips from e.g. popular sports events, and digital works of art. One of the largest developers of NFT games and products on the market is Dapper Labs, which has launched a highly popular blockchain game called Cryptokitties, as well as NBA basketball league trading cards in digital format. For example, in the game Cryptokitties, Tamagotchi-style breedable digital cats have been sold for up to millions of dollars.
NFT art has also been in good spirits this year, and you may have come across the moniker ‘Beeble’ in the news. Unlike the street artist Banksy. Who remains anonymous, Mike Winkelmann, who can be found behind Beeble, is known as a crypto-artist whose artwork ‘Every Day: The First 5000 Days’ was sold at Christie’s auction for a whopping $69.3 million. The artwork consisted of 5000 drawings that together created one complete NFT. It is completely understandable that when such big money is moving in the NFT market. Interest in them has risen dramatically in a short time.
But still, many question the sanity of the buyers of these digital works, because you could get them for free even by taking a screenshot. Buyers of NFT works often justify their purchases by saying that they have paid for an original product that has tangible value, as opposed to that one in your screenshot. The product contains an authentication code in the same way as, for example, luxury bags. And in the same way, as with luxury bags, buyers at NFT are specifically interested in ‘bragging rights’, i.e. the right to brag.
How is NFT Crypto different from cryptocurrencies?
NFT crypto is not the same as cryptocurrency, even though they are tokens based on the blockchain. The biggest and most tangible difference between the two is that NFTs are non-exchangeable tokens, while cryptocurrencies, on the contrary, are specific instruments of exchange in the same way as our traditional currencies.
Cryptocurrencies are also different from NFT Crypto tokens like their value composition. While one euro is worth the same as another one-euro coin, one Ether is also worth the same as another Ether coin. Their uniformity of value in this way makes them reliable mediums of exchange. NFT crypto, on the other hand, is always a unique piece of code with a built-in “signature” that cannot appear in any other digital asset. Therefore, exchanging them for other NFT cryptos is impossible, and the value of each NFT token differs from the next NFT token.
Buy cryptocurrency to buy NFT
In the past couple of years, cryptocurrencies have already established their place in the money market, and even those who still doubted their chances of spreading to general trading in 2018 have had to swallow their pride. Now, in the wake of this innovative industry, a new world lottery, Lucky Block, has also entered the market. Due to the corona pandemic, gambling has grown explosively, and decentralized systems may already be the mainstream choice instead of a centralized lottery very shortly. In addition to this, Lucky Block’s NFT collection is now of interest to many crypto investors.
On the Lucky Block platform, in addition to just playing the lottery, you can stake cryptocurrency, and thus earn extra income in the form of dividends against Deposited tokens. If you believe in the future growth potential of this crypto lotto or want to buy its NFTs, this buying guide is for you. In just a few steps, you will be involved in the world of cryptocurrencies in a unit of time.
Step 1 – Buy cryptocurrency
When you start investing in cryptocurrencies, make sure that the trading platform you choose is the best one for you. In the case of Lucky Block, you should also take into account that it can only be purchased on selected cryptocurrency exchange platforms, such as PancakeSwap. Before you can buy Lucky Block on PancakeSwap, you need to have some cryptocurrency, then you can exchange those cryptos for LBLOCK tokens on PancakeSwap’s exchange platform. For buying cryptocurrency, we recommend OKX, on whose platform you own all the cryptos you buy.
OKX is one of the world’s most popular and largest trading platforms in the field of crypto investing. OKX has made investing very easy and cheap, especially for beginners. Buy exchangeable cryptocurrency on OKX like this:
- Register an account for the service, identify yourself, and answer a short investor survey
- Transfer money to your new OKX account by clicking the ‘Deposit’ button.
- When the money has been transferred to your account, search for the cryptocurrency you want in the search field, for example, Ethereum, and click the ‘Buy’ button.
- Enter the desired investment amount on the purchase form and open the store, after which the Ethereum you have purchased will immediately appear in your account.
Step 2 – Transfer your purchased cryptos to Wallet
When you have exchangeable cryptocurrency, you must transfer it to a crypto wallet, i.e. a wallet through which you can exchange NFT Crypto for LBN tokens. We recommend using, for example, MetaMask or Trust Wallet, which works perfectly together with PancakeSwap. To buy Lucky Block, you specifically need a MetaMask wallet.
Once you have a MetaMask wallet, go to your OKX wallet and click ‘Send’ under the cryptocurrency to be transferred. In this case, an empty line will open for you. To fill the row, go to your crypto wallet. In your Wallet, under Receive, you will see a long line of code, which is the ‘address’ of your new Wallet. Copy this address and paste it in OKX’s empty line under the cryptocurrency to send. After that, you should specify the amount of cryptocurrency to be sent, after which you click ‘Send’. Your Ethereum will then be transferred to your MetaMask wallet. Now you’re done, buy a Lucky Block at PancakeSwap like this:
Step 3 – Buy Lucky Block
To buy Lucky Block NFT, you must first have LBLOCK cryptocurrency. When you have a MetamMask wallet that works with PancakeSwap, connect it to the PancakeSwap platform by searching the Wallet for the keywords ‘pancakeswap. finance’. When your Wallet is connected to the exchange platform, you can search for Lucky Block LBN in PancakeSwap’s search menu, after which you can directly exchange it for the Ethers you bought.
Alternatively, in the Swap function, you can first select the cryptocurrency you want to exchange (Ether), then select the cryptocurrency you want to replace it with (LBN) and click ‘Swap’. After this, you still have to confirm the exchange and pay the transaction fee (GAS). LBN tokens will appear as soon as the transfer is approved, which may take some time depending on the number of transactions on the platform at that time, so please be patient.
Step 4 – Buy Lucky Block NFT
Now you have LBLOCK cryptocurrency to buy Lucky Block NFT! Transfer the LBLOCK tokens to your MetaMask wallet first, then transfer to the Launchpad NFT marketplace. In addition to Lucky Blocking, Launchpad offers a wide selection of other hottest NFT Crypto assets on the market, and you can also develop your NFTs on its platform.
Search for ‘Lucky Block’ in Launchpad’s search field and select the NFT you want from its NFT collection. Remember that each NFT gives you lifetime entry into all Lucky Block draws. Buy Lucky Block NFT by confirming the purchase in the MetaMask Wallet pop-up window. And this is how you own a Lucky Block NFT!
How do NFT Tokens work?
As we mentioned earlier, NFT tokens are fundamentally similar assets to cryptocurrencies: they are based on a blockchain, which is like a distributed, public ledger that records all transactions that occur on it. The majority of NFT tokens are built on the blockchain of one of the biggest cryptocurrencies on the market: Ethereum. The Ethereum blockchain has been made specifically as an open platform on which developers can build smart contracts and decentralized applications on which NFT tokens are based.
A single NFT is always a unique digital asset with a built-in “signature”, i.e. a unique piece of code that represents some intangible object, service, or even experience that can be purchased. Such intangibles include, for example:
- Works of art
- Short video files
- Long videos and highlights of sporting events
- Collectibles
- Virtual avatars and video game features
- Design products, such as designer sneakers
- Musical works.
In the endgame, the NFT can be anything. Even tweets have been made into NFT tokens: Jack Dorsey, the founder of Twitter, made his first-ever tweet into an NFT token and put it up for sale. Over $2.9 million paid for Twiitti NFT! NFT tokens are therefore perfectly decent assets, but not tangible assets.
For example, if you buy a piece of NFT art, unfortunately, you won’t be able to hang it on the wall. Unless you set it as a screen saver and hang your laptop on the wall. The intangible nature of NFT cryptos makes them confusing, because in general, when buying art, the buyer could be expected to specifically want to see the work they bought every day. But as we mentioned earlier, at least at the moment, the finesse of NFT tokens lies specifically in bragging rights.
What can NFT Crypto be used for?
Blockchain technology and NFTs open up the world for. For example, artists and content producers who cannot get their art displayed in art galleries or large events. In the olden days, art was sold in very limited quantities through large auction houses for large sums, but today anyone can sell their art for millions in digital form in the form of an NFT token. The art field has suddenly become much more democratic.
In addition, the high valuation of NFT tokens guarantees these niche artists significantly higher returns from their works. And since NFTs are digital assets, they can be programmed. So that every time an NFT artwork is resold, the artist receives a percentage of the sale. In the traditional art market, this is extremely rare.
Another area that has become very popular on the NFT front is blockchain games. In games, NFT Crypto is often a feature of the game. For example, a weapon, for which the player must pay. Or they can be entire parts of the game that can be sold, such as digital cats: in Cryptokitties. Players breed digital cats with different, unique characteristics and sell them. The most expensive Cryptokitty sold to date was sold for 600 ETH in 2018, which equates to more than $2 million today. In the endgame, the possibilities of using NFT tokens are limited only by imagination.
Best NFT Crypto July 2023:
And now we finally get to the point: next. Let’s find out which are the best NFT Crypto and why you should keep an eye on them. Some of them are directly NFT tokens, in addition to which there are also NFT platforms. Which are of course a very important part in terms of the existence of NFT tokens. These platforms act as NFT crypto trading places and offer you the opportunity to create your own NFT token on the platform.
Lucky Block (LBLOCK):
Lucky Block is a blockchain-based lottery platform founded in Britain, which enables lotteries to be democratically distributed and guaranteed randomly all over the world. This crypto project automatically donates 10% of its profits directly to the charity. In addition to which it launched its own NFT collection in March 2022. This cryptocurrency, therefore, rewards its users on many different levels.
Axie Infinity Shards (AXS):
AXS, like many other NFT tokens, is a digital marketplace built on the Ethereum blockchain, where you can. For example, buy features that will be needed in the popular Axie Infinity virtual game. The value of Axie Infinity Shards has risen at a wild rate during the summer, and on September 4th, it peaked at $90.74 per AXS. In addition, Axie Infinity has become one of the world’s most prestigious NFT projects during the summer. So its NFT tokens have potential.
Theta (THETA):
Theta is a blockchain specialized in streaming videos of different lengths, on the platform of which each video work has its own NFT Crypto token. So it’s Youtube on steroids! Theta’s goals are ambitious, as the project aims to revolutionize the way we consume streaming videos on the Internet. The value of Theta started to rise sharply already at the beginning of 2021, and although the peak value of April has already come down, this NFT platform is still at its record value. Read Theta.
Chiliz (CHZ):
Chiliz is an NFT project that every sports junkie and couch potato should check out! It is a crypto-protocol that takes sports fandom to completely new spheres: it enables the sports fan’s experiences to be immortalized in NFT tokens. In addition, you can play blockchain games on its platform and interact with other users of the platform.
And like team sports, those using its NFT platform can win unique NFT prizes from their team. This project also started vertical growth in early 2021 but is the cheapest of these three options. If you believe in the rise of the NFT industry, especially in the field of sports, there could be investment potential here.
How to choose a good NFT crypto?
NFT crypto is significantly different to buy than any cryptocurrency. When buying cryptocurrencies, you should familiarize yourself with the project behind the currency so that you can conclude whether it has growth potential in the future. Instead, NFT crypto is an object similar to a sports car, a luxury bag, or a mansion for those making a purchase decision. You have to think about whether this unique target asset is worth buying, and why so. At the same time, it is good to keep in mind that, just like with traditional art, it is difficult to know in advance which NFT will end up being a stroke of luck and which is just air.
In addition, it is worth considering that as the NFT boom rises, the value of NFT tokens will experience the same type of inflation that happened to podcasts. The rarity of NFT tokens has increased their value even more, but what if even your neighbor and grandmother know how to create their own NFT cryptos? Standing out from the masses is not yet a problem, but it may become one in the future.
The opinion of many investment in experts:
In the opinion of many investment experts, it is good to think of NFT Crypto in the same way as traditional investment targets: by diversifying your investment portfolio, you reduce your risk level. That is, by buying several NFT tokens, you get diversification in your portfolio while its value increases with the unique NFT tokens. How you identify the best NFT tokens is a matter of its own. The NFT market is still in its growth phase and therefore highly speculative, so when buying it you should focus on areas you already understand a lot about, such as a sport or a benefit.
- Treat buying NFT crypto in the same way as buying a luxury car or a mansion, think about it carefully
- Accept the fact that before you buy, you can’t determine whether your purchase will be profitable in the long run
- In the case of NFT tokens as well, investment experts recommend diversifying your investments among several NFTs
- When choosing an NFT token, focus on sectors and things that you know well (e.g. sports or music style)
- Only buy an NFT crypto that you think you can resell at a higher price
Lucky Block NFT:
The innovative blockchain-based lottery platform, Lucky Block, introduced to the market at the beginning of the year. Is one project that has taken this trend into account. In addition to its lottery platform, Lucky Block launched its own NFT collection, Platinum Rollers Club, in March. It’s a limited number of NFTs, each worth $1,500. Each purchased Lucky Block NFT automatically participates in the Lamborghini raffle, and in addition, buyers will have access to all other Lucky Block raffles in the future. If this project wasn’t rewarding enough, here’s one more reason to buy this new cryptocurrency.
If you want to get hold of this interesting collection of NFTs, you should visit the Launchpad NFT marketplace. In addition to Lucky Blocking, Launchpad offers a wide selection of other hottest NFT assets on the market, and you can also develop your NFTs on its platform. However, please note that as with all other NFT marketplaces, using Launchpad requires you to connect your crypto wallet to the platform first. After that. There’s nothing to do but go shopping!
Join Lucky Block’s Discord:
Discord is certainly a familiar name to those who have played video games. Today, this messaging app has become a popular channel among crypto investors as well. Lucky Block, on the other hand. Is a community-driven crypto project that has invested in visibility on various messaging channels. Especially Telegram, from the beginning. Lucky Block has a lot of followers on the Telegram messaging app. As the project shares first-hand information about its progress there. And now it’s arrived on Discord too!
On the Discord channel, Lucky Block’s Followers get all the most interesting information about the project before anyone else. You can even participate in the development of the project. As the developers of Lucky Block are known to ask. For example, the opinions of Telegram followers on various issues related to the crypto project. If you don’t have a Discord account yet, you can easily access Lucky Block’s Discord here.
Are NFTs a good investment?
First of all, it must be pointed out that NFT Crypto is still young. And a phenomenon that is still very much on the development side. So now we are talking about a very uncertain and speculative market. Where most of the time you will be buying a pig in a sack. So if you are going to try your luck in the NFT market. We recommend starting with small amounts that you can afford to lose in the worst case.
Never buy an NFT crypto just because someone recommends it, always check the underlying asset yourself and form your own opinion about it. In forming this opinion, you may be helped by the understanding that, unlike the value of cryptocurrencies. The value of NFT cryptos always depends solely and solely on what someone is willing to pay for them. So demand is the only thing that affects the price of NFT crypto, while traditional financial indicators have no part and no stake in it.
In the endgame, the decision of whether to buy NFT tokens and what to buy from them is entirely yours. No one else is responsible if you put money into NFT crypto, no matter what happened to your investment. So never follow other people’s opinions, but get to know NFT tokens yourself and create a picture of them that you understand up to the risks. Common sense and intuition are also things that can be NFT. When investing in crypto with your good friends.
Conclusion:
NFT crypto, that combination of letters that was in the headlines at the beginning of the year. NFTs, or Non-Fungible Tokens, are unique cryptocurrencies that cannot be exchanged but can be bought and sold. A single NFT always contains a unique “signature”, which gives it a unique status. Meaning that its value is based entirely on what someone is willing to pay for it. The most common examples of NFT tokens are digital games, works of art, and brand products.
The NFT market is still in its infancy, but as interest grows, so does its value. But as always, there is a flip side to this coin: as NFT tokens grow in popularity, more and more will be created, and as supply increases, their overall value can be expected to decrease. In this case, individual NFT cryptos can rise to even higher prices. But most of them will be drowned in the mass.
