Category: NFT Marketplace

The emergence of NFTs (non-fungible tokens) in the last day has made them an attractive trading vehicle in the world of cryptocurrency.  If you’ve been thinking of jumping into this cutting-edge sphere of online activity and trading, you’ll need to become familiar with all the ins and outs of the NFT world.  Excellent sources of information for this world are to be found on NFT Discord Servers.  They have all the information you’ll need when you want to get into this exciting marketplace. Let’s examine some of the best and most popular NFT discord servers, but first, how about an overview of exactly what non-fungible tokens are, and how they are being utilized.

What Exactly Are NFTs 

An NFT is a digital asset.  They’re traded via the net, in the digital cash format known as cryptocurrency. Encrypted, or secured, by a random set of numbers which makes the NFT both protected and unique.  They offer a flexible way for their creators, owners, and users to control the digital product, store it, and at the same time protect their identity.  The creators also have the ability to receive royalty pay-outs from their NFT products, as well as a cut of future sales.  These days, the use of NFTs has grown and expanded; any kind of digital content can be stored and traded this way, including:

• Art
• Video clips
• GIFs
• Music

Even memes and tweets are being turned into NFTs, to preserve their uniqueness and collectibility.  

Let’s take a look at the popular NFT Discord Servers you might want to get acquainted with so that you can jump into the world of NFT with both feet.

Some of the Best NFT Discord Servers

NFT News Pro

This nicely laid out site provides a comprehensive resource for just about all things NFT.  Their sections include a homepage, along with areas for news, tutorials, a list of trending NFT product, and upcoming NFT projects.  It all seems well organized and well kept up.

Crypto Baristas

Crypto Baristas specialize in caffeine-inspired NFTs.  Through the proceeds of these NFTs, their aim is to support coffee-growing communities, specifically in poorer communities.

Web3 Tribe

The aim of the Web3 initiative is to create a new iteration of the web, with blockchain as its central focus.  They embrace concepts including token-based economics and decentralization.  Web3 Tribe is an NFT discord server that is targeted toward Web3 enthusiasts and builders.

Enter Art

Enter Art considers itself an ecosystem in the world of blockchain.  They support a variety of marketplaces and creative tools for their users, that allows for developing the metaverse, safely and seamlessly. It’s an NFT discord server worth considering, for the integrity they’ve espoused at their foundation.

Decentraland

With its own Centralized Autonomous Organization (DAO), Decentraland offers a virtual world with the goal of providing a pleasant space for its users.  The focus here is the market for virtual in-game assets.  These include such assets as land, wearables for characters users produce/own, and more.  If you’re into the world of NFT gaming, this is a site to join and participate in.

Rarible

This NFT discord server invites digital creators and artists to issue/sell their crypto assets, while representing their ownership of the digital work.  They take a two-edged approach: 1) Being a marketplace for those assets, and 2) Being a network, Ethereum-built, that enables creators/users/traders to do their thing without a middleman.

CryptoDads

CryptoDads currently boasts 10,000 unique art pieces, randomly generated, but carefully chosen by the dads themselves.  Their mission is to help dads build a secondary income on the stock market and crypto markets. The server’s aim is to provide a diverse, supportive community of dads, but with the inclusiveness to provide value to everyone.

MekaVerse

Purported to be among the most popular 2021 NFT discords, MekaVerse boasts a community of 230,000+ members.  Inspired by the Mecha universes of Japan, they included a collection of almost 9,000 – 8,888 to be exact – generative Mekas.  Their server has over 150,000 users.  They welcome everyone’s participation, whether trading or not.  Their ambition is to build an even greater community than they have now.

Nouns

This NFT project is entirely open-source – the programming and the art included. Nouns NFTs are avatars, 32 x 32 pixels in size.  They are based on – just like nouns – people, places and things.  They generate one noun per day.  To date, you will find an airplane noun, a horse noun, etc.  Being totally open source, anyone can build on Nouns, or its codebase.

VeeFriends

With over 160,000 members, VeeFriends discord server is an active one indeed.  This is one massive community that is welcoming and not shy to share information.  Their goal is to give both a kind and positive point of view to NFT enthusiasts.  They even have a channel named scam-alert, geared toward newcomers, to help them avoid losing their NFTs and falling prey to predators out there.

Concluding Thoughts on NFT Discord Servers

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There is a plethora of NFT Discord Servers in the universe of crypto.  In fact, the ten we’ve listed barely scratch the surface, but it’s apparent how diverse the range of platforms and sources for information is.  There’s a niche for everything NFT-related imaginable.  It’s definitely a great way to get up to speed for anyone considering dipping their toe into the waters of non-fungible tokens, and crypto in general.  

An important theme throughout is that most if not all these resources are cognizant of the potential for scamming in this space.  They go out of their way to provide resources and guidance in this regard, particularly to newcomers.  Of course, it’s also in their best interest to project an air of being 100% above board – but it’s also good to know they have your back. 

Are you familiar with the latest and most popular blockchain craze? 

Non-Fungible Tokens (NFTs) have become big business with investors and collectors. So big that the prices for some NFTs have gotten genuinely insane!

For anyone unfamiliar with NFT art or crypto art, these pieces sell digitally through the cryptocurrency arena. An NFT is a one-of-a-kind object, and artists are seizing their opportunities to sell NFT works safely to online fans worldwide.

So what is the most expensive NFT art sold to date? Keep reading to find out!

EVERYDAYS: THE FIRST 5000 DAYS

Artist Mike Winkelmann has created digital art images daily since May 1, 2007. He completed image number 5,000 on January 7, 2021, and he minted an NFT of all his images called Everydays: The First 5000 Days.

The NFT went to market through Christie’s, a leading global auction house, and it sold for more than $69 million!  

This singular event truly thrust NFTs into the world spotlight, and Winkelmann (better known by his alias Beeple) continues to produce art daily that he posts to his Instagram account.

THE MERGE 

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An anonymous digital artist known only as “Pak” created NFT artwork called The Merge. On December 6, 2021, it sold through Nifty Gateway, a “decentralized marketplace” where digital artists list their NFTs for sale to collectors. 

The Merge sold for $98.1 million! But there was a catch.

While Pak’s artwork got listed as a single piece, it’s actually a digital collection called “masses” that users could purchase fractionally. In total, The Merge became 312,686 pieces sold to 28,983 collectors. 

In the future, some collectors make stockpile their pieces of The Merge for sale through a secondary marketplace, but for now, it’s the most expensive NFT art sold to date. 

HUMAN ONE 

Beeple is the preeminent digital artist and creator of NFT artworks globally, so much so that another work he created called Human One sold at auction through Christie’s for $29 million.

RIGHT-CLICK AND SAVE AS GUY

For this selection, we’re traveling back to 2018! That year, digital artist XCopy created a GIF in an NFT format called Right-Click and Save as Guy.

In December 2021, the artist listed and sold this digital artwork on the decentralized marketplace SuperRare for 1,600 ETH (a cryptocurrency called Ethereum), which is almost $7.1 million.

CRYPTOPUNK #3100

If Beeple made NFT artwork explode, two developers named Matt hall and John Watkinson are equally responsible for inventing crypto art that has spawned the NFT movement.  

In 2017, Hall and Watkinson created software to generate thousands of different characters grouped into series, and they called the entire project CryptoPunks. 

CryptoPunk #3100 is from the rare Alien Punks series, and it’s famous for an Alien in a blue and white headband. The headband is a big deal because only 406 of the 10,000 CryptoPunks characters have headbands!

When CryptoPunk #3100 was listed and sold in March 2021, it received a $2 million bid before selling for $7.58 million—and it’s not over yet! 

This NFT is currently listed for sale at 35,000 ETH, roughly $100 million at current exchange rates.

CRYPTOPUNK #7523

Another rare selection from the Alien Punks series is Punk #7523. This character got listed in the “Natively Digital” auction through Sotheby’s, and it sold for $11.7 million!

CRYPTOPUNK #4156

[wpsm_video schema=”yes” title =”Understanding CryptoPunks” description =””]https://www.youtube.com/watch?v=-YGNtNlY1xs[/wpsm_video]

In December 2021, a character from the Ape Punks series, Punk #4156, sold for $10 million (roughly 2,500 ETH), lifting CryptoPunks to even more iconic status in the global NFT space.

RINGERS #109

Ringers #109 is part of a generative art collectible, also known as Art Blocks, part of a collection totaling 99,000 NFTs. In October 2021, #109 sold for 2,100 ETH or $6.93 million. It’s unbelievable how it’s become one of the most expensive nft art.

STAY FREE 

Stay Free is an extraordinary digital artwork for a notorious reason!

It’s the only NFT known to be created by Edward Snowden, the famous whistleblower who leaked classified information from the US government in 2013.

This piece includes the entire landmark court decision ruling against the National Security Agency (NSA) for violating existing security laws. As far as artwork goes, it also consists of a portrait of Snowden taken by famed British photographer Platon.

Stay Free sold for precisely $6,040,050.40 at an auction held by the Freedom of the Press Foundation (FPF) on April 16, 2021.

What Does the Future Hold?

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The popularity of NFTs and crypto art doesn’t seem to be dying off any time soon, but we do wonder how high the prices will go for digital artwork now and into the future.

If you’re interested in this fascinating new form of online investing, you can research the suitable projects to mint and, with some patience, you may score a tidy little fortune down the line!

Non-fungible tokens (NFT) have been surging in both value and interest from the public in the last while.  The data units, often associated with digital files including audio, video, and photos, first appeared around 2014, and until about 2017 were largely unnoticed.  By early 2020, they started making serious noise as a speculative crypto asset.  The market tracker DappRadar shows that NFT sales reached in the neighborhood of $25 billion in 2021.

The huge rise in popularity and value appears to come from a number of factors.  The key reasons why people are now spending big bucks – sometimes into the millions of dollars – on NFTs:

• They consider NFTs to be an investment, which will grow in value over time
• They feel possession of NFTs equates to a type of social status, particularly in the world of crypto – a prestige factor similar to flashing a Rolex, or pulling up in a Ferrari

So let’s take a look at the factors currently driving the value of NFTs up and why NFTs are so expensive.

Why are NFTs so Expensive?

First off, it’s important to distinguish that the NFT is not the actual piece of artwork the buyer is interested in.  It is actually a piece of code on a blockchain – a digital ledger.  It shows the location of where the artwork actually resides, which is normally on another server.  These are the main aspects of NFTs which make them attractive to buyers, and also have increased their value:

Authenticity

When you purchase a piece of physical art, authentication is a requisite to ensure you are not investing in a fake or forgery.  Nevertheless, there are countless stories and examples of even experts being taken in, and authenticating them.  No such issue exists with an NFT.  The originality and authenticity of the work is built into the blockchain.  You know exactly what you are purchasing.

Scarceness 

A lot of NFT releases are rarities of one-of-a-kinds.  Anything that is demonstrably rare in the world of art, or collectibles of any kind, adds tremendously to its value. NFTs are exactly the same.

They are transferable

Being available for sale to anyone, anywhere in the world, makes the market for the sale of NFTs huge – a bigger pool of prospective buyers.

The code is immutable 

It cannot be altered or changed.  The NFT – its code and its metadata – is permanent.

Utility

There are NFTs that perform functions above and beyond just the file they are associated with.   They can also be utilized as a revenue generator, or used for exchange with physical assets.

What’s Keeping Anyone from Copying Digital Art if they Want to?

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There’s nothing really stopping anyone from copying digital art.  What you can’t copy is the digital blockchain an NFT embedded on.  As the digital ledger is constantly being checked and verified by every computer which is on the same network, they are exceptionally difficult to steal and therefore copy.

That’s not to say that digital artwork can’t be copied.  Of course, it can be, and very often, artists will retain copyright control of their stuff, for just that reason – to make additional copies.  If you were to download and copy the artwork associated with an NFT, it would not be considered authentic by collectors. It would be like trying to pass off a reprint as an original.  Because the blockchain is a unique marker and is constantly being updated and verified as authentic via the digital ledger, its uniqueness and therefore value is kept intact.

Not only it is difficult to remove an NFT from the web, but the blockchain structure also ensures there is a way to trace its origin, as well as the history of any transactions involving it. Probably, that’s why nfts are so expensive.

What Do You Actually Get When You Purchase an NFT?

Essentially you are gaining the rights to the unique token of the NFT on the blockchain.  In reality, you’re not buying the content, just the token – your name is connected to the artist’s work on the blockchain.  Your NFT will remain very secure – but that doesn’t mean they will retain their value over the long term, or for that matter, over the mid or near term. 

Are NFTs Really Worth It as an Investment?

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There is no question that companies, brands, and individuals are starting to embrace this technological medium for the trading of goods.  In terms of crypto art, once some of the heavy hitters in the world of art and fashion jump on board, the space will explode.  In terms of whether or not an NFT is a worthy investment and why nfts are so expensive – that depends on the underlying value of the person or the company that’s behind the release of the NFT.  There are aspects of underlying value which are both tangible and intangible.

One way or the other, blockchain technology, the backbone of NFTs, is changing the landscape of trade and how we perceive it moving forward.

NFT – What are the Risks?

As of right now, the scarcity of NFTs, which is built into the structure they reside in, is ensuring their values will stay up.  So as an investment, they appear sound at the moment, barring any sudden drop in enthusiasm and values – this is certainly possible and therefore a risk to consider before jumping in.

We mentioned fakes earlier – while an NFT is secure to the extent that the code and blockchain structure is exceptionally secure, that’s not where the fake problem exists.  There have been instances where works that resemble those of famous artists – a recent example being Banksy – were fakes, and wound up selling for large amounts of money to duped buyers.

Where NFTs Will Wind Up – Why are NFTs So Expensive?

It’s basically anyone’s guess what the future holds for NFTs.  It is fairly certain that the enthusiasm is currently bubbling under, and there will be a surge in the coming months and the remainder of the year.  Right now, on OpenSea, which is the largest marketplace for NFT trading, there are about a quarter-million people on board.  CoinBase is about to open its own NFT marketplace – and have over two million users on their waitlist.  The Robinhood platform is also planning something similar.

While there are never any guarantees, if things keep progressing the way they have been, NFTs, as of right now, appears to be poised to become a major platform for the trading of digital collectible properties; Whether the meteoric rise we’ve mentioned above, on platforms such as OpenSea and others, continues to shoot upward, or whether the popularity of NFT trading levels off and stalls – the future for NFTs looks more than promising. Only time, however, will be the final judge.