NFT Project

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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Why Are NFTs Valuable? Attempting to Explain Why Some Cost So Much

If you’ve seen headlines of non-fungible tokens (NFTs) selling for millions of dollars then you may be asking yourself: why are NFTs so valuable? The following dialogue might ensue: Is this just a really rich people thing? Are they laundering money? Is this just fake news biting on click-worthy headlines? The answer most people will …

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