NFTs are still a relatively new phenomenon, but they have taken the world by storm and are constantly growing in popularity as more people invest in them. This article will explore the most common types of NFTs, where you can buy and sell them, and give you some examples of notable ones, so you know what to look out for if you want to add the popular ones to your collection. Let’s dive straight in.
Different Types of NFTs
There are several different types of NFTs, each used for different purposes, on different blockchains like cosmos; you can find out more about this by searching terms like “what’s cosmos” online. Here are some of the most common types of NFTs you’ll find hosted on those blockchains.
- Digital asset token. These tokens represent digital assets such as artwork, videos, music, and other digital content. They are unique and can be bought, sold, and traded like other digital assets.
- Utility tokens. These tokens are used to access certain services or products on a platform. For example, a platform may offer access by purchasing a utility token.
Where to Buy and Sell NFTs
There are several platforms where you can buy and sell NFTs. The most popular platforms are OpenSea, Decentraland, SuperRare, and Rarible.
- OpenSea is a popular NFT marketplace where you can buy and sell a variety of digital assets. It is the largest NFT marketplace, with a wide selection of digital assets ranging from art to games to collectibles.
- Decentraland is a virtual world powered by the blockchain. Players can buy, sell, and trade virtual land, virtual items, and collectibles.
- SuperRare is an NFT marketplace where you can buy and sell digital artwork. The platform is popular with digital artists, who can create and sell digital artwork on the platform.
- Rarible is a marketplace for buying, selling, and digital trading assets. The platform has a wide selection of digital assets, from art to games to collectibles.
Notable Examples of NFTs
There are many notable examples of NFTs, including CryptoKitties, Decentraland, CryptoPunks, and Axie Infinity.
- CryptoKitties is a popular digital collectible game that allows players to buy, sell, and trade digital cats. The game has become incredibly popular, with players spending millions of dollars on rare digital cats. They are designed to be unique and can have different attributes, such as color, shape, and size.
- Decentraland is a virtual world powered by the blockchain. Players can purchase land in the virtual world and build virtual houses, stores, and other structures. They can also buy, sell, and trade virtual items and collectibles.
- CryptoPunks is a digital collectible game that allows players to buy, sell, and trade digital characters. Each character is unique and has its own set of attributes.
- Axie Infinity is a popular blockchain-based game in which players can buy, sell, and trade digital monsters called “Axies”. The game has become incredibly popular, with players spending millions of dollars on rare Axies.
Conclusion
NFTs are a unique and exciting new asset class that offers several benefits to digital creators and investors. They provide a secure and immutable way to store and transfer digital assets, as well as a way for digital creators to monetize their work and establish ownership over it. They can also be used to create scarcity around digital assets, which can result in higher prices for the assets.
