NFT Fundamentals

NFT airdrops

NFT Airdrops Explained: What Are They & How Do They Work?

NFT airdrops refer to the distribution of an NFT for free to a community or a group of whitelisted individuals. It’s a popular method for NFT projects, artists, and blockchain gaming apps to promote a new NFT collection to the public, draw attention to a new brand, or engage with their communities by handing out …

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NFT Royalties Explained: What Are They & How Do They Work

NFT royalties are payments sent to the creator of an NFT each time it is resold on the secondary market. NFT royalties function similarly to traditional royalties. In business, for example, the owner of a product receives a percentage of the sales or profits.  In the case of NFTs, the creator can set the royalty …

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what are smart contracts

What Are NFT Smart Contracts & How Do They Work?

NFTs, wouldn’t exist without smart contracts, and digital agreements written with computer code and deployed on a blockchain. Their main function is to execute one or multiple actions if conditions are met, often following simple “if/when-then” statements, e.g., if X is true, then Y will happen.  These programs automate execution, and workflow, and streamline the …

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NFTs and climate change

NFTs & Climate Change: How Do NFTs Impact the Environment?

In 2022 the market for non-fungible tokens (NFTs)- tokenized images, music, and items, generated $24.7 billion. Just two years before, total sales were just $82.5 million. This exponential market growth has led to discussions about whether NFTs harm the environment. Activists have expressed concerns about Proof-of-Work (PoW) blockchains like Ethereum, which have been linked to …

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coinbase NFT

How to Buy NFTs on Coinbase

Coinbase is the world’s second-largest cryptocurrency exchange, with over 73 million users. It’s best known for its easy to use interface and in-depth educational resources, making it the perfect exchange for new investors.  Now, Coinbase has entered the NFT market with Coinbase NFT. Coinbase NFT works as an extension to the traditional Coinbase platform and …

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