NFT

A rug-and-pull is a typical fraudulent method of luring investors to a financial enterprise only to abandon the project and run away with the raised funds. Unfortunately, this scam has become increasingly popular in crypto. And with the emergence of non-fungible tokens (NFTs), the risk of NFT rug pulls becomes real. This article examines how rug pulls work with NFTs and how to avoid them. What Are NFT Rug Pulls? An NFT rug pull happens when the developers of an…

Bored Ape Yacht Club (BAYC) NFTs hit the market in April 2021 and instantly gained massive popularity. Moreover, it lit up the PFP NFT market, now emerging as one of the most exciting and profitable digital asset investment sectors. This article looks at the 5 BAYC-like NFT projects that hope to mimic the same success. But first, we dive deeper into the world of PFP non-fungible tokens to discover what makes them so popular and desirable. What Are PFP NFTs?…

In a world where NFTs are becoming more and more valuable, NFT theft is a real threat. Criminals and technology are evolving, and users need to move with care in this growing market. Our guide will provide more details on this dangerous trend and share guidelines for reducing the risk of NFT theft. Stealing NFTs – Myth or Reality? When it comes to stealing NFTs, exploiting human mistakes is a typical strategy for a hacker. With the hacker's access to…

A multi-billion dollar sector was born out of the non-fungible token (NFT) market in 2021. Environmentalists are increasingly alarmed about the ecological impact of this growing sector.  Is NFT minting a cause for concern for our planet's environment? What options do we have in resolving this problem? These crucial questions will be the core of today’s guide. Minting New NFTs Minting, adding a specific item to the blockchain, is similar to producing a physical coin. It has been an exciting…

In the context of NFTs, utility refers to the advantages of owning one of these digital assets.  Of course, we can buy and sell NFTs on the market, but there is usually more to them in terms of utility.  We can find the utility in many different ways. For example, buying NFTs may enable us to get physical goods, airdrops, or future whitelist spots in new projects. Our guide will critically examine the topic and provide readers with essential details.…

The growing popularity of non-fungible tokens (NFTs) often creates situations where market demand outweighs the supply. Therefore, the scarcity (or “rarity”) of an NFT is an essential feature influencing its value in the eyes of investors. In such a highly competitive market, a group of creators devised a clever trick to benefit investors. As a result, the NFT whitelisting practice is becoming increasingly frequent in this market, and our guide will explain how the system works. What Is NFT Whitelisting?…

The market generally associates NFTs with digital reproductions of art that might potentially grow in value over time. In general, this is true for most NFT projects. However, new use cases for NFTs are emerging as the market grows. For example, the notion of staking tokens is well-known among cryptocurrency fans. Still, using this mechanism in the NFT realm is rare. Our guide will explain how developers thought of merging the features of NFTs with those of the staking system. …

The growing NFT economy brings a whole new set of possibilities to the market. While buying NFTs used to be a relatively straightforward activity, the sector has new complexities. It is common to see many NFT tools appearing online in this context. However, as we will see in today’s guide, investors can benefit from different tools. Therefore, the list below is not a ranking and mentions tools belonging to many categories. BitDegree Using BitDegree, it is possible to identify and…

The rarity of a non-fungible token (NFT) is one of the most often debated topics on the internet. The rarity of an NFT is one of the most critical elements in determining its value. Understanding how rarity works is a significant advantage for anyone investing in the NFT market. How can traders learn to measure this feature for any digital asset? Our guide today will share more insight into this critical aspect. Is It Possible to Measure Rarity? There has…