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bharathjoseph · 1 year

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How To Quote The Price Of An NFT Like A Pro?

As the popularity of Non-Fungible Tokens (NFT) continues to grow, there arises a question, how can we price them according to the market trend? NFTs have the potential to create and trade assets that are eventually unique and digital. Moreover, this is how NFTs have grown to be a valuable tool for the collector and the creator communities. But, as with anything that possesses value, it is essential that one must know how to price them.

In this blog, we will discuss some of the key considerations you must know before writing the price tag of your NFT. They include several pointers, such as researching the market, analyzing different price models, and the factors that may affect an NFT price.

How to determine an NFT’s price?

Firstly, there is no standard rule in determining the price of an NFT. A creator can quote any fee and sell it in a secondary NFT marketplace. On the other hand, a creator can also fix a price tag at the last minute based on a buyer’s interest. This is called buyer price. To create your own marketplace, employ the best NFT marketplace development services providing firm.

Irrespective of this, a creator will have complete authority to employ the best NFT pricing strategy. However, if the price is higher, then you may have risks in selling it. In the worst case, nobody will buy your NFT. Contrarily, if the price is low, you won’t be able to increase it further for some time.

Cost Involved

Usually, creating an NFT involves various costs, such as development costs, tools cost, developer fees, and marketing costs. If you are from a non-technical background, you can use a zero-code tokenization platform to create NFTs.

Rarity and Functionality

The Beeple is one of the rare NFTs that is worth more than millions of dollars. Generally, the most common NFTs have low prices due to their lesser demand, whereas rare ones have huge demand. To be more specific, utility tokens will have more value than other tokens because they allow buyers to get some value in return, either goods or services.

The quality, uniqueness, and audience size will also impact the pricing. Additionally, the market conditions and the type of platform used to trade the asset can also influence the price.

Improve the Visibility Of Your Brand

Still, we are at the edge of the blooming season of NFTs. Thus, it shows that many opportunities await in the future. To utilize them, one must be consistent and show passion towards their brand. Well, reputation will pay off for sure.

Building trust among buyers requires solid marketing strategies such as social media marketing, email marketing, gathering users in communities, and more. Once your brand’s name is registered in people’s minds, their interest in buying your creation will increase.

Sell Your NFTs Like A Professional

There are two ways you can sell an NFT. One is by conducting an auction, and the other is by selling it at a fixed price. Alternative ways to sell NFTs in auctions are timed auctions, Dutch auctions, and English auctions. However, you must set a reasonable price in the first place.

Get The Help To Avoid Blunders

You might be a good seller, but your marketing strategies may differ and be lacking. So, if you don’t want to take a risk, get in touch with a professional NFT marketplace development company to manage everything from creating and selling your NFTs from end to end.

#nft #nftdevelopment #blockchain #business #nftprice

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coinexpansionblog · 9 months

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Top 6 NFTs (Non-Fungible Tokens) by Market Cap this week https://coinexpansion.com/top-6-nfts-tokens-this-week-by-market-cap/ #nft, #nonfungibletokens, #nftmarket, #nftmarketplace, #sandbox, axieinfinity, blockchaingames, #web3games, #gaming, #NFTprice

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you-tech-rive · 3 years

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NFT CRYPTO – What are they and How they work?

Before we start, why do we search for NFT today and what will we get from an NFT.

A one-of-a-kind digital rendition of the Nyan Cat meme from 2011 sold for about $590,000 in an online auction on Friday (05-03-2021).

Around 2017. Two popular early NFTs were CryptoPunks, digital images of 10,000 human and animal characters in cutesy, 8-bit-style animation, and CryptoKitties, a collection of fancifully drawn felines. They were originally given away for free. The most valuable CryptoKitties now sell for more than $100,000, CryptoPunks for over $1 million.

What is NFT Crypto?

NFT (Non-fungible tokens) are digital assets that represent a wide range of unique virtual items. NFTs can really be anything digital such as drawings, music, your brain downloaded and turned into an AI.

fungible means trade one item for another same item, and you’ll have exactly the same thing. Ex. Bitcoin

Non-fungible more or less means that it’s unique and can’t be replaced with something else.

NFT contains distinguishing information that makes it both distinct from any other NFT and easily verifiable. This makes the creation and circulation of fake collectibles pointless because each item can be traced back to the original issuer.

Unlike regular cryptocurrencies, NFTs cannot be directly exchanged with one another. This is because no two NFTs are identical – even those that exist on the same platform, game or in the same collection.

How NFT Crypto Work?

NFTs are digital certificates that authenticate a claim of ownership to an asset, and allow it to be transferred or sold. In simple words you buy or create a NFT Crypto and sell them in marketplace for cryptocurrencies.

The certificates are secured with blockchain technology similar to what underpins Bitcoin and other cryptocurrencies.

The key difference between NFTs and cryptocurrencies is that currencies allow fungible trade, which means anyone can create Bitcoins that can be exchanged for other Bitcoins. NFTs are by definition non-fungible, and are deployed as individual chains of ownership to track a specific asset. NFTs are designed to uniquely restrict and represent a unique claim on an asset.

How to Create and Sell your First NFT Crypto?

Can my own content be an NFT?

Probably Yes! We're living in the wild west of NFTs where almost anything goes. Digital art, songs, memes, recipes, and even entire startups are currently listed for sale on NFT marketplaces. There are currently very few restrictions as to what kind of content can be "tokenized" and turned into an NFT.

You don't need an extensive knowledge of crypto to create an NFT. The 3 major steps to get your income from an NFT are

1. Create a JPEG/GIF or any digital media you like.

2. Convert your normal digital media into NFT

3. Connect it to a market place and wait for it to be sold.

#nft #nftdrop #nftcommunity #cryptocurreny trading #how #what #make money online #nftprice #etherium #youtechrive #techblog #technews

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alpacaboredclub · 2 years

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worldcryptorumors · 2 years

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Top 20 NFTs ranked by Price in the last 30 days, December 21, 2021

Top 20 #NFTs ranked by Price in the last 30 days, #December 21, 2021 - #Crypto #CryptoNews #CryptoStats #NFT #NFTNews #NFTStats #NFTPrice #Blockchain

Here is a look at the top 20 NFTs ranked by price from the past month, as reported by DappRadar. NFTs Rank NFT Price 1 CryptoPunk #4156 $10.35M 2 Right-click and Save As guy $7.09M 3 Ross Ulbricht Genesis Collection $6.28M 4 Fashion Street Estate $2.42M 5 Axie Infinity #115792089237 $2.33M 6 Some Other Asshole $2.28M 7 CryptoPunk #9953 $1.57M 8 CryptoPunk…

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#Top 20 NFTs ranked by Price

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honeybadgerhoba · 18 days

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🍯 Welcome to Honey Badger $HOBA

🍯 Welcome to Honey Badger $HOBA – where cryptocurrency meets the untamed spirit of the honey badger! 🍯

Are you ready to dive into a world where digital assets are more than just numbers on a screen? Say hello to $HOBA, the Honey Badger cryptocurrency that's rewriting the rules of decentralized finance.

🔒 Born on the Ethereum blockchain, $HOBA offers unrivaled security and stability, coupled with a community spirit that's second to none. But that's just the beginning…

💥 Introducing the Honey Bastards – a wild collection of NFTs that capture the essence of the honey badger in all its glory. These unique digital collectibles are as fierce and untamed as the badgers themselves, featuring hilarious and sometimes NSFW situations that will have you laughing for days.

💰 When you invest in $HOBA, you're not just buying a token – you're joining a tribe of like-minded individuals who live and breathe decentralized finance. Our tight-knit community is always pushing boundaries and challenging the status quo, and we want you to be a part of it.

🎉 But the fun doesn't stop there! Honey Bastards come with exclusive benefits like airdrops, whitelist spots for future projects, and access to private channels where you can connect with fellow collectors and discuss all things $HOBA.

👊 So why wait? Join the revolution today and embrace a lifestyle that's as bold and fearless as the honey badger itself. $HOBA and the Honey Bastards are waiting for you – don't miss out on something truly special! 🚀

Introducing $HOBA, the Honey Badger cryptocurrency that's not just a digital asset; it's a way of life. Born on the Ethereum blockchain, $HOBA offers a blend of security, stability, and unrivaled community spirit that sets it apart from the rest. But what truly makes $HOBA stand out is its accompanying NFT project, the Honey Bastards, a collection of unique digital collectibles that are as wild and untamed as the badgers themselves.

When you invest in $HOBA, you're not just buying a token; you're joining a tribe of like-minded individuals who share your passion for decentralized finance and unapologetic fun. The Honey Badgers community is a tight-knit group of enthusiasts who aren't afraid to push boundaries and challenge the status quo. With regular events, exclusive merchandise, and a secret handshake that's not for the faint of heart, being a part of the Honey Badgers is an experience like no other.

But the real treasure lies in the Honey Bastards NFT project. These limited edition digital collectibles feature the iconic honey badger in a variety of hilarious and often NSFW situations, making them a must-have for any crypto collector with a sense of humor. Each Honey Bastard comes with its own set of exclusive benefits, including airdrops, whitelist spots for future projects, and access to private channels where you can mingle with fellow collectors and discuss all things $HOBA.

With $HOBA and the Honey Bastards, you're not just investing in a cryptocurrency; you're embracing a lifestyle that's as bold and fearless as the honey badger itself. So why wait? Join the revolution today and become a part of something truly special.

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