It seems only yesterday when headlines of sports trading cards selling for millions of dollars spotlighted the lucrative world of collectible cards. To recap the highest flying sales: And the list goes on, often to the incredulity of the average person still digesting the idea that even classical art can fetch multi-million dollar price tags. …
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 …
NFT Royalties Explained: What Are They & How Do They Work Read More »
Non-fungible tokens (NFTs) have been used to disrupt several industries, starting with the art market and diversifying into music, communities, and real estate. While these rapidly changing markets have been easier to disrupt, real estate could pose a much more significant challenge being a slower market, taking an average of 8 weeks per sale compared …
Minting is the process of creating an asset on the blockchain. It’s the process used to create non-fungible tokens (NFTs,) which are blockchain-based tokens that prove ownership of an item such as a piece of music, profile picture, or image. They first grew in popularity in 2021, with collections like Bored Ape Yacht Club and CryptoPunks …
Magic Eden is the world’s most popular Solana NFT marketplace, with over 10 million unique users and 20,000 daily transactions. It lets users sell non-fungible tokens (NFTs), including art and music NFTs. In August 2022, the company announced it would release Ethereum NFTs, though its primary blockchain would remain Solana. It also released an optional …
Magic Eden NFT Marketplace Explained (Read Before Using) Read More »
