nft marketplace

How to Make Passive Income from NFTs: A Beginner's Guide

How to Make Passive Income from NFTs: A Beginner’s Guide

What Are NFTs? NFTs, or non-fungible tokens, are unique digital assets that are based on blockchain technology. They can include anything from music, videos, and memes to artworks. Unlike fungible tokens, NFTs cannot be exchanged for another and retain their full ownership. Their uniqueness has attracted many people looking to make passive income from them. There are several ways you can make passive income from NFTs, such as renting them out, staking them, earning royalties, or lending them. However, since NFTs are highly volatile, it is essential to understand the risks involved in each method before getting involved. How to Rent Out NFTs for Passive Income One way to generate passive income from NFTs is by renting them out. To do this, you must list your asset on an NFT marketplace and set the negotiation terms, such as the lease rate and rent duration, as permitted on your smart contract or the platform you are on. Some smart contracts may also require a borrower to provide collateral before entering an agreement. NFTs with multiple use cases have more long-term profit potential than those applicable for just one purpose. Staking NFTs for Rewards: How It Works Another way to earn passive income is by staking NFTs, which requires locking your non-fungible token into an NFT staking platform to gain certain rewards. The reward for the staked NFT depends on the length of the staking period, the platform’s daily or weekly rate, and the number of NFTs staked. To begin staking, you will need a wallet to receive the reward and connect it to the platform you intend to use. Earn NFT Royalties as an Artist or Content Creator If you are an artist or content creator, you may want to know more about NFT royalties, which are the fees or percentages given to content creators each time their works are resold on NFT marketplaces. To earn NFT royalties, you need to get your work minted and register your digital asset on a blockchain network. You can set the percentage you want as interest at every secondary sale. Once your work is resold, the particular fees you’ve stipulated will be allotted to you as royalties. NFT Lending: Put Your Assets to Work Finally, you can also earn passive income by lending NFTs. Some platforms enable NFT owners to submit their assets to get loans from lenders who receive interest as rewards during the loaning period. The lending process puts you in a position where you give loans to other users, and the borrowers must present their NFTs as collateral to access the loans. The value of the NFT used as collateral will also be assessed by checking its prior performance and other factors.While there are many ways to earn passive income from NFTs, it is essential to be aware of the risks involved. NFTs are highly volatile, and their prices can fluctuate rapidly. Therefore, there is no guarantee that the NFT you are involved in will maintain its value over time. Before getting involved, it is crucial to understand the risks involved in each method and do your research.

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NFT-influencers

Top 25 NFT Influencers to follow on IG, TW, YT this 2023.

NFT influencers are becoming increasingly popular as the metaverse expands. People interested in NFT trading want to know more about how to do it and seek out influencers for it. There are all kinds of NFT influencers, some teach how to create NFT and others explain how to invest in NFT. You can follow various NFT influencers, depending on what you want to learn and how you want to use NFT marketing. The sooner you get into NFTs and the metaverse, the sooner you can start generating profits from it. Top 10 on Twitter 1.RealMissNFT She enjoys creating innovative works of art like NFT. There is a lot of buzz about their work in progress – Metanatics. This project allows users to create fun avatars and exist in the metaverse. Followers: 159.7K 2.  Criptobaristas. As the world’s first NFT coffee shop, @cryptobaristas has caught the attention of thousands of Twitter users. This NFT influencer also raises awareness about the coffee industry, supports reforestation efforts in Honduras, and creates NFTs for deep L lovers. Followers: 8.5k 3. Farokh Although @farokh doesn’t create NFT, he influences the NFT community. This influencer loves to collect artwork like NFT and owns several pieces like Make Love Not War by AlienqueenNFT and artwork from Cory Van Lew’s watch collection. Followers: 236.1 4. DeezeFi. @DeezeFi is the director of the Twitter channel @fractional_art. His NEONDAO project allows users to create detailed avatars with new features in the metaverse. Followers: 190k 5. Ohhshiny. @ohhshiny has teamed up with two other NFT influencers to create DIGITAL. He expresses his passion for NFT by promoting NFT developers, sharing NFT and cryptocurrency trends, and sharing ideas on NFT development. Followers: 129k 6. Dikasso Going back to the creators of NFT, let’s talk about @Dikasso_. @Dikasso_ also collects NFT, including artwork from Rarible, Based Fish Mafia, and Tide Estates. Followers: 23k 7. j1mmy.eth. This company offers a range of NFT solutions including realistic Ethereum-powered avatars and tools for brands to launch and manage their own NFTs. Users who follow this NFT influencer will also taste that NFT42 monitors the most active NFT community and offers mini-competitions built on Ethereum in Metaverse. Followers: 118k 8.  Nounsdao. To expand its reach and notoriety, this brand has launched several campaigns in which it rewards users of the NFT range for making creations to match its iconic glasses. In addition, these reds were featured in Super Bowl commercials. Followers: 43k 9. Richerd.eth. @richerd co-founded Manifold to provide NFT developers with the tools they need. This software works with OpenSea and developers can easily create NFT collections. Followers: 145K 10.Beaniemaxi. Twitter users flock to @beaniemaxi for advice on selling NFT, investing in NFT, and how trends in the physical world are affecting the metaverse. Followers: 182k Top 10 on Instagram 1. Mark Cuban Mark Cuban is a big shark (pun intended) in the world of cryptocurrencies, NFTs, and investors. Before considering NFTs, Cuban focused on cryptocurrencies, but the rapid growth of the NFT market caught the attention of these investors. Followers: 17.M 2. GmoneyNFT GmoneyNFT does not do NFT but strives to keep its followers updated on NFT and the metaverse. These influencers also host events in the metaverse and donate proceeds to various foundations. Followers: 41K 3. BromasyNFT. He is the founder of NFTBoxes, a company that provides users with custom boxes containing NFT collections. Talented artists have created this NFT box, and users can find keys (they have to find more to get the jackpot) and lots of art. followers: 21K 4. Artchick. Art chick is an NFT creator, motivational speaker, UX designer, and painter. He is known for promoting and celebrating other NFT artists, photographers, designers, and painters in the physical world. Followers: 3.9k 5. Mattmedved. Art chick is an NFT creator, motivational speaker, UX designer, and painter. He is known for promoting and celebrating other NFT artists, photographers, designers, and painters in the physical world. Followers: 83K 6. Garyvee. Garyvee developed his project, Vee friends, to create a community and knowledge base for all NFT beginners and professionals. Users can also view his NFT collection and attend educational sessions to increase their knowledge of the metaverse. Followers: 9.8M 7. Snoop Dogg. He recently admitted that he has held digital tokens for $17 million in NFT stock under a pseudonym. Snoop Dogg’s main ambition in the NFT world is to turn Death Row Records into NFT’s first record label. Followers: 70M 8. beeple_crap Mike Winkelmann, also known as Beeple, is a digital artist, animator, and graphic designer best known for creating and selling non-consumable assets. The influencer has created a powerful digital space with his tweets and posts about NFT and cryptocurrencies. Followers: 2.4 million 9. Bosslogic Kode Abdo, conocido como Bosslogic, es un artista digital de primer nivel que vende su trabajo después de convertirlo en un activo. Hasta la fecha, Boss Logic ha vendido 2.042 obras de arte y la obra está valorada en aproximadamente $5.383.856,80. Seguidores: 2,2 millones 10. ELLIOTRADES Elliotrades is a social media influencer, cryptocurrency trader, and YouTuber dedicated to cryptocurrencies. His decentralized trading strategy, “play to win” games and advisory techniques attract a large audience on his social media platforms. Followers: 504K Top 5 on YouTube 1. RyandCrypto Instead of creating NFT projects, this YouTube channel shares information about NFT projects. Users are learning how to multiply their earnings through NFT projects and RyandCrypto loves to fund creations where they see potential. Followers: 41k 2. The Bitcoin Express For cryptocurrency and NFT newbies and professionals, The Bitcoin Express will help you broaden your understanding of this universe. This YouTube channel discusses Ethereum, privacy and security in the metaverse, and the latest news on these concepts. Followers: 182K 3. Giancarlo buys  tokens The above two YouTube channels reported on much more than just NFT. Some popular topics designed by this NFT influencer are free NFT tools, the best free NFT, and how to buy tons more NFT in 2023. Followers: 95k 4. JRNY Crypto. If you’re looking

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movieplex and opensea

Movieplex and Cinema Libre team up to launch NFT film on OpenSea

Movieplex premiered at the Cannes Film Festival in May 2021 as a limited edition Founders Collection package of several film titles. Movieplex has partnered with Cinema Libre to present NFT feature films on OpenSea. In a press release issued Wednesday, collectible film platform Movieplex announced a partnership with specialty film studio Cinema Libre to present its “first” NFT feature film on OpenSea. This film is part of a new collection in a new film category on NFT Marketplace. In October, global film and entertainment company Warner Bros. partnered with web3 streaming platform Elbio to launch The Lord of the Rings: The Fellowship of the Rings. The platform will allow anyone to verify ownership of each NFT film on OpenSea, creating a new category of NFT films in major NFT markets. “NFTs are the future of movie watching,” said Philippe Diaz, founder, and president of Cinema Libre Studios. NFTs create a unique link between filmmakers and viewers, and buyers are also part of the film’s distribution, which includes deleted scenes, interviews with actors and directors, festival reviews, and more. You can pick up your item with a press release. Co-founder Garry Dolley, who helped develop Ramos’ Cinemaplex technology, adds, “Much more cost-effective than traditional streaming platforms. “

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e-devlet

Turkey to start using blockchain-based ID for online services

Shortly after the Central Bank of Turkey will complete the first test of its CBDC, Turkey launched a blockchain-based digital identity application. A digital Turkey in 2023 Turkey plans to use blockchain technology to log into online public services. e-Devlet, Turkey’s government digital portal used to access a wide range of public services, uses blockchain-based digital identities to verify Turkish citizens’ logins. Turkish Vice President Fuat Oktay announced during the Digital Türkiye 2023 event that citizens will be able to access e-wallet applications using blockchain-based digital identities, reports Cointelegraph Turkey. Turkey is a crypto country Turkey is obsessed with cryptocurrencies, especially Dogecoin, study reveals Oktay called blockchain-based applications a revolution in e-government efforts and added that online services are becoming more secure and accessible thanks to blockchain technology. Users can store digital information on their cell phones. “A login system that works in the realm of digital wallet applications will allow citizens to log in to e-Devlet with a digital ID created on the blockchain network,” Turkey’s vice president said. New blockchain-driven projects could become a reality in more and more countries Turkey has announced several blockchain-encouraged projects in recent years, but very few have come to fruition so far. The country’s plans for a national blockchain-based infrastructure date back to 2019. But aside from a few proof-of-concept projects and a central bank digital currency trial that came after some delays, its blockchain-based ambitions are what they have hopes. Turkey’s Konya cultural center has been developing a project for a city currency that citizens will use to pay for public services, but no further progress on this has been communicated to the public in the past two years.

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apple aumenta comision

Apple increases its commission with applications that sell NFTs

Apple updated the App Store guidelines and included a section reporting that apps wishing to exchange NFTs must use its in-app purchase system. However, recent updates to the App Store guidelines make it clear that Cupertino also wants its share of the non-fungible token exchange. The Californian company yesterday released a list of modifications and additions to the guidelines that apps wishing to appear in the App Store must meet. And the most striking point is that all transactions made with NFT must be processed through the in-app purchase system. This means that apps that trade with NFT have to pay Apple up to 30% commission. “Apps can allow users to view their own NFTs, as long as ownership of the NFTs does not unlock features or functions within the app. Apps may allow users to browse other people’s collections of NFTs, as long as they do not include buttons, links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchases.” On the one hand, it is not surprising that it is trying to adapt the mechanics of the apps that are part of the App Store, given that this is a strict policy it has enforced for years. Apple seeks to take a share of what NFTs generate in the App Store. Apple maintains that its policy of not allowing external payment methods in the App Store seeks to protect its users’ information. Tim Sweeney, the studio’s post-Fortnite CEO, has no qualms about charging Apple after updating its App Store guidelines. “For cryptocurrency enthusiasts, this means that Apple is now adding a 30% tax on so-called ‘beneficial ownership’ of digital assets.

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hedera-hashgraph-mintbar

Hedera Hashgraph has launched a mintbar for NFTs

Hedera Hashgraph Network has launched Mintbar, a new web application that allows technical and non-technical creators to print standard HIP-412 NFTs. The Hashgraph Association announced funding for its first innovative project. Behind Hedera is the Hashgraph Association, which appears to have announced funding for its first 12 innovative projects in the fields of Fintech, Insurtech, Greentech, Agritech, Sportstech, Mediatech, DeFi, Stablecoin, Web 3.0, Gaming, Metaverse, NFT, DAO and tokenization. This is the Hashgraph Innovation Program, offered in close collaboration with the Swiss Digital Assets Institute (SDAI). As such, Hashgraph will provide funding of up to $250,000 for startups, $750,000 for enterprises, and up to $1.5 million to encourage widespread adoption of the Hedera network worldwide. “One of our main goals at The Hashgraph Association is to encourage all types of organizations to build on Hedera and see widespread adoption of Hedera-powered solutions across all industries. Grants through the Hashgraph Innovation Program will enable us to encourage the expansion of the DLT industry by actively supporting innovation and a cutting-edge project driven by Hedera We are proud to play this role in a promising project and look forward to building We are proud to play this role in a promising project and look forward to building future applications through the Hashgraph Innovation Program.” NFT Header on LG Electronics TV Screen Last October, Hedera (HBAR) and LG Electronics signed a partnership agreement to bring NFT to TV screens. The South Korean electronics giant has launched the LG Art Lab marketplace, available on U.S. TVs.

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Donald-trump-NFt

Donald Trump’s NFT collection is sold in its entirety

Donald Trump wishes to re-employ his position as president and because of this, he is running for the 2024 presidential election. But while that is happening, the former president has launched a collection of NFTs, while this announcement has been met with laughter from the locals, now Donald Trump claims that the entire collection of NFTs sold out in a few hours raising $4.45 million. Donald Trump sells his collection of 45,000 NFTs in just 12 hours Earlier this week, Donald Trump commented that he was planning to make a “huge announcement” on Truth Social, the platform he turned to after being kicked off Twitter. The former president took advantage of this instant to announce his official Donald Trump digital sticker collection. The curious thing is that in no instant Trump said the term NFT but rather referred to these as “digital business cards”. Donald Trump’s digital trading cards Even though Donald Trump’s NFTs have turned out to be a triumph and have raised a reported $4.45 million in less than a day, it is not known where they will go. The collection is guaranteed not to be owned by Trump and not one of his companies and Trump himself is not behind the collection. What we see is that Donald Trump has given his image and name for this plan, in addition to announcing it publicly. Clearly, this high figure of money has to go designated anywhere, and it is curious to see that Trump is ignored as a recipient.

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Starbucks launches loyalty program through NFTs

Starbucks made it known in September 2022 that it would be launching an NFT game for its new integration via Web3, this would be launched on Polygon’s blockchain and would be called Starbucks Odyssey. In this situation, Starbucks has confirmed the start of the pilot program where a select set of chosen users are going to be able to participate in Starbucks Odyssey “Journeys”, which consist of a sequence of interactive and fun occupations to achieve collectible NFT Journey Stamps as well as Odyssey points that will unlock entry to novel and interesting perks and experiences. Initial invitations were sent to a small number of users on the waiting list as well as Starbucks allies in the last month of the year, and from January 2023 people will continue to be invited on a month-to-month basis. Starbucks promises more creations in 2023 for its Web3 experience Competing Odyssey users are going to be able through the Starbucks Odyssey marketplace, powered by Nifty Gateway, to market NFT stamps directly with a credit card, without the need for a crypto or cryptocurrency wallet, which means it will greatly expand the modes of purchase. Early next year, users of the program are going to be able to obtain unique “Limited Version Stamps” (NFT) through the Starbucks Odyssey marketplace. Sales of NFT stamps integrate a beneficial element, with donations for reasons relevant to Starbucks partners and Starbucks Rewards members.

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reddit-NFTs

Reddit NFTs are exploding

Reddit’s non-fungible tokens took all the attention in the cryptocurrency markets this week after producing $2.5 million in daily trading volume and promoting 3 million individuals to subscribe to the social media platform’s NFT wallet, Coinbase (COIN) said in a report Wednesday. NFTs NFTs are digital assets on a blockchain that represent ownership of virtual or physical items that have the potential to be sold or traded. “Facebook, Instagram, and Twitter possess NFTs integrations, however, those initiatives remain focused on ‘flaunting’ purchased NFTs on marketplaces and being able to increase preferred ones as a profile picture,” the report mentioned. Reddit’s partnership Reddit’s tactic additionally focuses more on its partnership, due to the fact it gives extra functionalities to NFT owners and supports creators, the note commented. It is giving away (or giving away) NFTs to the most active users of the platform. Even as trading volumes of NFTs plummeted this year, dropping 97% from the January peak, Reddit’s triumph shows the potential such tokens hold, the brief stated. So successful have they been that the company is even teasing its next collection of Halloween avatars.

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create-NFT

How can you create NFTs?

Learning how to generate an NFT is important if you want to take advantage of the benefits of virtual assets to make money. How to generate an NFT? To generate an NFT you need to follow certain steps since these tokens use different areas of knowledge such as computer science and programming to marketing. Because of this, as a first step you will have to take your time to decide what is going to be the subject of the token, and then continue with the other steps. The next steps would be to choose the platform you will use to have your NFT or collection and the wallet you will want to use. All this will give you different properties that you will have to contrast with the goals of your plan to determine if it is the best choice. What does it mean to mint NFT? Before you start generating an NFT it is essential that you first mint your document to a blockchain. Once we talk about minting we are referring to a method in which a digital file is converted into a crypto collectible. This process is very similar to the one used to produce cryptocurrencies that will later be released to the market. Afterward, you will decide how many NFTs you will mint, and then you will have to make the transaction to continue the process, this step being necessary to have a popular NFT. Characteristics of a successful NFT Making a famous NFT needs time, money, and effort, so it is not something that happens quickly. According to several specialists, the most relevant thing about an NFT is that it has the personality to differentiate it from the competition because nowadays there are many similar projects. At the same time, this assignment is related to the design of all the collectible works that the plan will have and the effort to be the most eye-catching and viable. What are the best programs to produce NFT? Currently, there are several programs to generate your NFT and each one has properties that you should evaluate before making a final choice. The most popular is undoubtedly OpenSea, which is the most used at the moment, to the point that it allows us to develop projects from scratch or generate a marketplace to sell them. There are other platforms but this is where you need to investigate which one is the best for your project. Steps to produce your NFT Once you have created your account on the site of your choice, the next thing to do is to upload your document to the web. You will have the ability to upload from melody, videos, photographs, and more. Then, you can decide how many units of the file you want to mint, although this will depend on the properties of each platform. Now, if you want to sell your collection, you will have to go to the ‘profile’ section and choose the one you want to market. In addition, you are likely to choose the duration of the marketing or reserve the plan for a specific buyer. As it is, once you create your NFT a huge amount of modalities open up for you to take advantage of. Conclusion: Here we have left you with the steps normally used by a person who is going to generate NFTs of the things they do, this can be an artist or a private person. There is also the option of hiring a marketing agency. Here at The Blue Manakin, we support you to turn the idea of your collection into reality, contact us.

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blur

Blur launches marketplace for NFTs

A new Ethereum NFT marketplace has been launched, its name is Blur and it is VC-backed. Its main feature is that it promises cryptocurrency airdrops for its buyers. This platform is going to have its token named BLUR and it is also the asset they will use for airdrop and rewards. In assignment to the rewards for selling NFT, the marketplace has indicated that its users are going to have 3 levels. For those who choose to pay “partial royalties” and “full royalties”, the best rewards in the marketplace will be available. However, Blur has explained that the beneficiaries are not going to be able to open the airdrop and enter their gift until January 2023. Blur is a new NFT marketplace for professionals. By January next year, this digital asset will become the governance token of the new marketplace. On their official website, they indicated that users will be provided with analytics tools such as a sum functionality, portfolio research, and market rates. “Blur will be used to trigger disclosures faster than anywhere else,” they said in their launch report. In it, they further announced that certain of the merchants selected for the airdrop could receive an NFT of those accessible on the marketplace. It should be noted that this digital marketplace for non-fungible tokens has been in Beta for about a year.

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beeple-studio

Beeple, the most popular NFT artist, will open a physical studio to exhibit NFTs.

Mike “Beeple” Winkelmann created a lot of buzz in the industry as he broke a record $69.3 million at a Christie’s auction last year, and followed up with a Time magazine cover Now it’s back again to bring the planet of NFTs closer to an even larger number of individuals by establishing a real-world analysis that will host exhibitions. The idea of the studio for digital art In a thread of tweets, Beeple wrote that the space is going to be a great exhibition not only for his artwork, but for the entire digital art society. “Getting together and experiencing digital artwork on the real planet is something I think will help attract the next wave of collectors,” he wrote, “and that’s exactly what we need to get through this bear market.” Beeple shares that what he wants is to teach the population that this work of art can be shared and appreciated in real life “you will see that this medium is like any other with the function of bringing beauty, causing thoughtful controversy, and really getting excited.” The popularity of beeple Beeple gained notoriety for the first time as a digital artist who posted artwork daily, as well as a graphic designer whose concert artwork was used by Eminem, Katy Perry and Justin Bieber. When the NFT market began to expand in late 2020, Beeple began selling his artwork, immediately breaking records in the process. What can we expect from this? This is another new opportunity to show that the whole idea of ​​NFTs and cryptocurrencies is something that has its origins in the digital world. We can also find a way to make sense of it in the physical world. We hope that this idea of ​​a physical NFT studio will build trust and bring more people closer to this world.

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NFTs

What can be converted into NFTs?

As we have mentioned before in our blog posts, we identify NFTs as non-tangible assets that can be bought and sold. It is the market and people who attribute a value to them even though they are not objects or services but simply fully digital assets that do not deteriorate through use and can be replicated without deterioration, these can be anything from a meme, an MP3, a skin for a video game. Imagination is our only limit. That is why we will show you a list of the most curious NFT to demonstrate that anything can be: The first-ever tweet. The flying cat meme: Nyan Cat “Morons white” by Banksy. Daft Punk by Lohan. The first NFT album is the new work of the rock band Kings of Leon. Virtual furniture. Shoe filter. Gucci sells virtual sneakers in NFT format. Time covers. Artwork Everyday: The First 5,000 Days, the most expensive NFT ever sold. The doodle of a bridge. Pringles and Taco bell with cyber flavors and taco gifs. Coca-cola with their friendship boxes. Conclusion: NFTs are undoubtedly big e-commerce and virtual commerce trend where huge amounts of money have been moved. There are already many different collections as well as many unique items that are available in the form of NFT, if you have a great project idea contact us and we can help you. Imagination is the only limit.

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Who is BEEPLE?

With the NFTs, new artists emerged who sell their digital works for incredible amounts, this is the case of Beeple. Where did he come from? Beeple is the artistic name of Mike Winklemann who is a 39 years old graphic designer who lives in Northern California, he has made graphic works for great artists of the show business like Justin Beiber and Shakira, in the same way, some of his works were incorporated into the spring collection of Louis Vuitton and on the other hand, he worked in campaigns of great events of Apple, SpaceX, Nike, and even the Super Bowl. But despite this impressive list of work Winklemann thought he could earn more by selling digital material on the internet. Someone told him about NFTs and how they ensure that a digital file is not interchangeable and has an identity of its own and a possibility of authentication. How did you get started with NFTs? Winklemann became very interested in NFTs because they were a perfect fit for what he wanted to do, so he started researching how they work, engaging with artists in this medium to taste everything in depth. Once he had gathered the information he started working on his own NFTs and in December he put 21 NFTs on sale for one day at the price of one dollar, those who had the opportunity to buy them immediately began to sell them, achieving a price of half a million dollars in one week. Being an NFT a portion of each sale goes into Winklemann’s pockets, this further encouraged him to continue creating his artistic works. His masterpiece Thus came his largest project called every day’s – The First 5000 Days, which was a work of 21,069 x 21,069 pixels that brought together 5,000 images creating a collage, each image was daily for just over 13 years according to the author “the individual pieces are arranged in a loose chronological order: zooming in reveals images that are abstract, fantastic, grotesque or absurd, deeply personal or representative of the present day. Recurring themes include society’s obsession with and fear of technology; the desire and resentment of wealth; and America’s recent political turbulence.” The work was auctioned at Christie’s with a starting price of 85 euros and over the course of the day, it achieved a record 57 million euros, making it the third most expensive work of art ever auctioned at Christie’s by a living artist. Undoubtedly this fact made a difference in the art world NFT.

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NFT-begins

Where did NFT came from?

NFTs have been big business nowadays, many things have already been sold as such, from the first tweet to the New York Times articles (sold for half a million euros) to Marco Montemagno’s photos. According to Glitch CEO Anil Dash, the whole story of NFT began as an elaborate project for a hackathon (an event in which experts from different fields of computer science participate in various capacities) that had paired artists and programmers. What was its beginning? It was 2014, Dash writes when he was paired with digital artist Kevin McCoy on that project. We were at the height of Tumblr culture. A bustling and inspiring community of millions of artists and fans shared images and videos without attribution, compensation, or context. A solution to that problem became the seed of their idea. McCoy and Dash had created an early version of a blockchain-compatible means of claiming ownership of an original digital work. So they gave our creation an ironic name, not an acronym like NFT. They called it monetized graphics. Neither Dash nor McCoy patented the idea, although McCoy spent some later years evangelizing it. But both envisioned their creation as a way to give artists more control over their work. The technology would allow artists to exercise control over their work, sell it more easily, and protect themselves more strongly against others not authorized to appropriate it. Proto NFT approach The “proto NFTs” conceived by Dash and McCoy are fascinating because they are explicitly artist-oriented and not necessarily as interested in profit, unlike the NFT market we have now. McCoy, on the other hand, created ‘Quantum’ which is considered to be the earliest known NFT and one of the most historically important examples of crypto-art. The work of Kevin McCoy, a New York digital artist, simply depicts an animated geometric figure on a black background that keeps changing shape and color. It was created in May 2014. NFTs journey: NFTs have benefited artists, but this technology evolved much more, being many companies that have entered this world making different campaigns and more and more people are entering with new ideas of how to reward many people in this world.

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Digital-Art

Crypto Marketing and digital art

Digital art known as NFT has made a big change to the world and the collecting industry, the things that we used to like to have in a tangible way such as collectible cards of a series or program, postage stamps, retro items, or even the art itself. What brings this new type of collecting is that now this type of art only exists in digital form. Why are the values so high? This is because the way these tokens are made, with the same blockchain technology that crypto assets work with, makes them “unique and valuable”, giving this digital art the same scarcity and uniqueness that normal art can have. For example, I can see a drawing that I like on the internet, download it and I can say that I own it, but in this world that is not the case, since this token works as a certificate that proves that I own the original work. A fact that caused quite a stir with all this digital art was the sale of the work “Everyday- the first 5000 days” by people which was bought for 69 million dollars. Now that we know why the value of NFTs we can say that it is something that is just knowing its early stages, the first NFT was created in 2017 so it has plenty of room for growth and there is plenty of opportunity for brands to invest in NFTs as a form of marketing, as the NBA digital card game “Top shot” that promotes players and teams as each card has a different value or the 3d interior designer Andres Reisinger who sells his physical furniture along with an NFT of them. In the end, the advantage is that owning one of these digital collectibles is the information that makes it different from any other. We will leave below the differences that this type of crypto asset has with cryptocurrencies: They are not fungible since each NFT has a different value. They are not divisible, an NFT is an NFT and cannot be sold by fractions. They are not mineable. It can be bought and sold as a cryptocurrency as it is a digital asset but only digital content is created or tokenized, it is not mined. Finally, NFTs despite the bear market we are going through are still a good investment that we are still in time to get into, of course as we always like to say, first we have to do our research before putting our money into something.

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nft-influencer-marketing

Where to find NFT influencers to hire?

Every NFT collection needs a diffusion by all possible means, so we must find the ideal people for this. This diffusion can be carried out by people or pages specialized in the NFT world, which know and more importantly the communities that can make our collection a success. The disadvantages come in that sometimes it can be complicated to communicate with them or to find someone that serves us according to their community and the interactions they achieve in their publications. Below we will discuss some of the ways to hire influencers that are useful for our NFT collections: Look at their networks: One of the best ways is to review all the social networks they have available, so we can review all the content they upload, from the type of post they make to how many people react to them. Normally in their networks, they will have some mail for promotions or the platform will have some kind of method to contact them. They have a Manager: Many times NFTs influencers have a manager that helps them review all the possible collaborations that they will do. So we can reach them through him, we will explain in the best and most appealing way to their manager and if he is interested he will pass it on to his client or someone else he thinks would be better for the project. That he is interested in our project: In the end, the NFT influencers are just as many collectors, so having a flashy project, well organized and with a solid mission is very possible that even the influencer will be well into our project and give it a constant promotion. NFT platforms: On the internet and discord, we can find many NFT ranking platforms, these can even serve us as influencers since many people who are looking for new collections often come to these places to find collections. Normally discord usually has packages that include a shootout for everyone to see your project. Through a marketing company: In most cases, influencers are usually affiliated with a marketing agency. So if you want a sure way to find the ideal influencers for your project and they are already included in your budget, this is one of the best ways to get them. In The Blue Manakin, we have at our disposal a list of influencers who are specialized in the world of NFT collections and who are even collectors themselves, plus we support you to manage your networks and attract people to your project.

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snapchat NFT

Snapchat to use NFTs as filters for its users

Despite the downturn in cryptocurrencies and NFTs in recent months, tech companies are still betting on investing in this promising world of nonfungible tokens (NFTs). Snapchat in its latest updates for its app has been testing new ways to include digital collectibles within its software, for artists. The photo platform has been exploring its augmented reality to allow artists to display their digital collectibles as filters. This will be a completely free feature but it is looking to set up deals for creators to monetize the display of their NFTs on Snapchat. Along with a limited number of creators the platform will be tested in August, according to a Financial Times report. Artists will be able to own their NFTs and then add them to their Snap Lenses. Twitter has been one of the first social networks to first include NFTs on its platform, in this case currently NFTs are seen on users’ profile pictures as a hexagon. Meta has also started tests on Facebook and Instagram, since May they allowed a group of users to share the NFTs they had created or purchased on their profiles for free. Snapchat mentions that they hope the inclusion of NFTs in their social network will help creators to build their community.

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NFT

How to Promote NFT?

Doing an NFT is not just about coming up with a good idea that no one has seen and that’s it, but there is a whole process for our project to reach many more people, we have to give it that push. As we have mentioned in other posts in this blog, it is best to have a team specialized not only in how things move in this world but also know how to move through popular networks. A crypto marketing agency will help us to reach every corner of the internet to make our project sound. Sometimes tactics change, what worked for one collection may not work for the next but now we will share in a generic way what you can do in the different social networks and main platforms to promote your NFT. The networks and platforms for NFT promotion are: Discord: It is where your community lives, so before talking about advertising, it is important to comment that your server has to look flashy and organized so that when people get to it they can check easily and find all the information without further complication. The best way to advertise on discord is through collaborations with other collections, preferably that these are of a similar style to our collection but the truth is that you can collaborate with anyone, this way you can reach thousands of people. The link to your discord must be present in all publications of the other social networks. Twitter: In the main network for your publications, in this one, the important thing is to generate content that goes according to the turn of our collection, with fun and interesting tweets talking about our project. NFT promoters are used on Twitter, it is important to verify that their engagement is good and not very different from the number of followers they have, usually with them you can handle giveaways, Rt, QT, and different dynamics of follow-up. Twitter ads also work to attract more people, but it is better to first share them through promoters. Instagram: It is the network to make our project more personal, here we will share the best arts to draw attention to our collection, and here we will share the same in our stories if the information of the project so we can also take advantage to do live chatting about the project, share some event we are going to. Here it is best to contact promoters to upload stories and publications, here on Instagram it is normal to find pages of NFT magazines, which can help give visibility to the collection, making a publication of it and uploading to their stories. Ranking and scheduling platforms: In discord and on the internet we can find different platforms that are dedicated to serving as a collection release calendar. These are usually the pages that expert collectors visit to find collections about to be minted so finding a good page and making the investment to be seen on the main page of your website doesn’t hurt. Gleam: Gleam serves us quite well to make a massive giveaway, this we can take advantage of it to make different entries to earn more points and have more chances to win, these entries can be from following us in all our social networks, to make rt and give like in publications, but certainly, a feature of the most important would be to get them to share in their networks the competition, in this way we can get much more traffic in our social networks. These are the general strategies to follow in the different networks and platforms, but as always we recommend doing it by the hand of a marketing agency because as mentioned above does not always work the same for all networks and at least here in The Blue Manakin we can adapt to what your project needs and give it the visibility it deserves, so quote us.

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Bored-and-Hungry-BAYC-Themed-Restaurant

BORED & HUNGRY NFT restaurant opens in South Korea

The already quite popular NFT Bored Ape Yacht Club (BAYC) themed restaurant “Bored & Hungry” has announced that it will open its second location internationally in Seoul, South Korea in the fall of 2022. The first location of the famous monkeys is in Long Beach, California, so this new restaurant will be the first international headquarters of Food Fighters Universe, the world’s first NFT restaurant group. What has been the latest news about this restaurant? The idea of the restaurant started as a pop-up store that would first last for 90 days, however, Bored & Hungry was a viral trend as it has the title of being the first NFT restaurant, so it was quickly filling up with customers, more specifically to this location came about 1,500 people a day, thus causing it to end up being a permanent place in Long Beach California. Everything in the restaurant has an NFT BAYC theme, from the packaging to the soda cans. Bored & Hungry Korean location is expected to be a real hit; after all, it will be opening in the heart of the K-Pop world, Gangnam, to the delight of collectors! Seoul’s colorful Gangnam district will inspire the store’s design while the food on the menu will be similar to its current California location. From vegan Mutant smash burgers to all-beef Bored smash burgers, collectors will be able to enjoy unique Bored Ape-themed flavors. The payment system will still be maintained through cryptocurrencies, so it’s important to go in with our wallets full. This system comes from Devour which is a company that has developed the technology specifically for Bored & Hungry NFT restaurants. With the restaurant comes monthly in-store events, airdrops, and endless surprises. And every FFU NFT holder will benefit from a free monthly meal.

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