Can Hackers Steal Your NFTs? Understanding How Criminals Operate

In a world where NFTs are becoming more and more valuable, NFT theft is a real threat. Criminals and technology are evolving, and users need to move with care in this growing market. Our guide will provide more details on this dangerous trend and share guidelines on reducing the risk of NFT theft. Stealing NFTs – Myth or Reality? When it comes to staling NFTs, exploiting human mistakes is the most typical strategy for a hacker. Without the hacker's access…

NFT Minting – What Do We Know about Its Environmental Costs?

A multi-billion dollar sector was born out of the non-fungible token (NFT) market in 2021. Environmentalists are increasingly alarmed about the ecological impact of this growing sector.  Is NFT minting a cause for concern for our planet's environment? What options do we have in resolving this problem? These crucial questions will be the core of today’s guide. Minting New NFTs Minting, the act of adding a specific item to the blockchain, is similar to producing a physical coin. It has…

Discovering NFT Utility – A Guide for Beginners

In the context of NFTs, utility refers to the advantages of owning one of these digital assets.  We can buy and sell NFTs on the market, but there is usually more to them in terms of utility.  We can find the utility in many different ways. Buying NFTs may enable us to get physical goods, airdrops, or future whitelist spots in new projects. Our guide will look at the topic with a critical mindset and provide readers with essential details…

NFT Whitelisting – How Does It Work?

The growing popularity of non-fungible tokens (NFTs) often creates situations in which market demand outweighs the supply. The scarcity (or “rarity”) of an NFT is an essential feature influencing its value in the eyes of investors. In such a highly competitive market, a group of creators came up with a clever trick to benefit investors. The NFT whitelisting practice is becoming increasingly frequent in this market, and our guide will explain how the system works. What Is NFT Whitelisting? In…

A Beginner’s Guide to NFT Staking

The market generally associates NFTs with digital reproductions of art that might potentially grow in value over time. In general, this is true for most NFT projects. However, new use cases for NFTs are emerging as the market grows. The notion of staking tokens is well-known among cryptocurrency fans. Still, the idea of using this mechanism in the NFT realm is less common. Our guide will explain how developers thought of merging the features of NFTs with those of the…

The Best NFT Tools to Use

The growing NFT economy brings a whole new set of possibilities to the market. While buying NFTs used to be a relatively straightforward activity, the sector has new complexities nowadays. It is not surprising to see many NFT tools appearing online in this context. As we will see in today’s guide, investors can benefit from different tools. The list below is not a ranking and mentions tools belonging to many categories. BitDegree Using BitDegree, it is possible to identify and…

How Can You Determine the Rarity of an NFT?

The rarity of a non-fungible token (NFT) is one of the most often debated topics on the internet. The rarity of an NFT is one of the most critical elements in determining its value. Understanding how rarity works is a significant advantage for anyone investing in the NFT market. How can traders learn to measure this feature for any digital asset? Our guide today will share more insight on this critical aspect. Is It Possible to Measure Rarity? There has…

What Are Fractionalized NFTs?

Most people who use the internet regularly, whether for business or pleasure, are familiar with NFTs. Everyone in the crypto/blockchain community looks at these "Non-Fungible Tokens” with interest.  The only problem is that NFTs are becoming extremely popular and too costly to own.  In this context, Fractional NFTs, or F-NFTs, have entered the market to attract new investors. Imagine dividing a single NFT into smaller parts and making it available for purchase. This concept is the principle governing the growing…

Is It Possible to Spot a Fake NFT?

Blockchain technology should have made life simpler for digital artists selling unique tokens of ownership to other people. A public ledger can give buyers a record of who owns a piece of art in perpetuity. Blockchain gave some artists a new chance to earn money. However, some artists admit that the last year's crypto boom has been a real mess.  Anyone can "mint" a digital asset as an NFT, even if they don't own it. How do you spot a…

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