NFTs

How to Make Passive Income from NFTs: A Beginner's Guide
May 15, 2023
By: Redaccion | 0 Comments

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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What are 5 common, real-life uses for NFTs
May 12, 2023
By: Redaccion | 0 Comments

A Comprehensive Guide to Non-Fungible Tokens (NFTs)

Non-Fungible Tokens (NFTs) are digital assets that certify their authenticity using blockchain technology, the same technology that powers cryptocurrencies. Unlike cryptocurrencies, NFTs are unique, irreplaceable, and associated with a single digital file, which can be anything from a photograph to a tweet. Thanks to the wide variety of digital assets that can be tokenized, NFTs have created a new area of digital expression and business. In 2021 alone, they generated more than 3 billion euros in sales. How do Non-Fungible Tokens (NFTs) work? One of the main advantages of NFTs is their ability to provide self-custodianship to their owners, which means that they have full possession rights without the need for an intermediary or web server for storage. This ease of access and ownership has sparked the interest of many artists, influencers, celebrities, and companies who are now participating in the NFT market. Common Uses of Non-Fungible Tokens (NFTs): Real-Life Cases Crypto Art: Many artists have tokenized their works of art, allowing them to sell or auction digital pieces with a certificate of authenticity. This creates a way for buyers to track the price of their digital works and sell them again in the future. Fashion: Major brands have created collections of non-fungible tokens in visual art or digital accessories, even linking these unique assets to physical assets. An example of this is Tiffany’s, which launched 250 limited-edition tokens linked to Yuga Labs’ Punks cryptocurrency. Video Games: Some traditional video game companies have embraced NFTs to monetize their players’ time and give users a greater sense of ownership over their achievements. Sports: Tokenized assets have been used to prevent counterfeit tickets and fraud at sporting events, improving verification and management processes. Music: Musicians and DJs are incorporating web 3.0 music platforms to sell songs or tickets to exclusive artist communities. This has become especially important during the pandemic, which has limited live performances. Cinema: Large film companies have seen NFTs as a new source of revenue for their intellectual properties, offering investors unique digital experiences or assets in addition to the reward for their investment. In conclusion, NFTs have opened up a world of new possibilities for digital expression and business. As blockchain technology continues to evolve, we can expect to see even more uses and applications for NFTs in the future.

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Starbucks Launches First Store Collection NFTs
May 11, 2023
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Starbucks Launches First Store Collection NFTs and Teases Public Launch of Odyssey Web3 Rewards Program

Starbucks, the world-renowned coffee chain, is set to launch its latest premium NFT drop this week after selling out its first collection within minutes. The new First Store Collection includes 5,000 NFT “stamp” collectibles that have been minted on Ethereum scaling network Polygon and are priced at $100 apiece. Each NFT is a multimedia collage inspired by Starbucks’ first store in Pike Place Market in Seattle and includes photos, in-store textures, and iconic elements. Purchasing an NFT also earns users 1,500 points towards rewards within the Starbucks Odyssey app. Starbucks Launches First Store Collection NFTs on Ethereum Scaling Network Polygon Starbucks Odyssey, which debuted in December, is a Web3 expansion of the brand’s existing rewards program that allows users to earn points by completing in-app objectives and interacting with Starbucks content. Starbucks plans to roll out a series of benefits for beta users starting on April 24, including virtual coffee preparation classes, donations to Feeding America, and select free in-store drinks every day for 30 days. Higher-level options include the ability to name a tree at Starbucks’ Costa Rican coffee farm and a personalized MiiR 360 tumbler with owned NFT artwork on it. Starbucks NFTs Have Generated Over $1 Million in Trading Volume to Date The success of Starbucks’ NFT drops has been unprecedented, with the initial Holiday Cheer Edition 1 stamp being resold for as much as $2,085 on the official Nifty Gateway secondary marketplace. The Siren Collection, the company’s first premium stamp, sold out within 18 minutes, with all 2,000 NFTs being snapped up. Overall, Starbucks NFTs have generated more than $1 million in trading volume to date. Starbucks Odyssey Web3 Rewards Program Nearing Public Launch Starbucks is also suggesting that a public launch of the Odyssey Web3 rewards program may be approaching, as the company sent a marketing email to beta testers with the subject line “We’re Getting Closer.” Users who already own two Starbucks NFT stamps will have early access to the new collection on Wednesday, April 19. As Starbucks continues to explore the potential of NFTs and Web3 technology, the company remains committed to providing innovative rewards programs and experiences to its customers. With the success of its NFT drops, it’s clear that Starbucks has tapped into a new market and is pioneering the use of blockchain technology in the retail industry.

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How NFTs have evolved in 2023?
April 18, 2023
By: Redacción | 0 Comments

How NFTs have evolved in 2023?

NFTs: From Hype Trading Cards to Practical Use Cases Non-fungible tokens (NFTs) have come a long way from being mere hype trading cards. As the concept evolves, they have gone on to capture mass attention, turning into more solid use cases. These tokens are unique digital assets that can take any form and represent distinct ownership. They are fast gaining popularity in various sectors, from real estate to gaming, tourism, and even cultural heritage preservation. NFTs are now being used to represent educational degrees or professional certifications, enabling secure and verifiable proof of credentials. Real Estate Investors Turn to Fractionalized Market with NFTs In the real estate sector, investors are seeking to diversify their investment options, and since housing prices are so high, they have found that opting to buy just a chunk of real estate can be a logical solution. The appetite for fractionalized real estate market has grown, with investors hungry to diversify their investment options. NFT Gaming and the Transition from Web2 to Web3 NFT gaming is also growing popular, with NFT marketplaces having already seen over $700 million in daily volume. Companies like Sony, Polygon, and Yuga Labs are making significant bets on NFT gaming. The convergence of NFTs, gaming, and sports fandoms represent a critical inflection point for the transition from Web2 to Web3. By enabling digital ownership, the sector can realize the potential for game interoperability and monetization, taking utility and composability to the next level. Indonesia’s Ministry of Tourism and Cultural Heritage Preservation with NFTs Indonesia’s ministry of tourism is also using NFTs to maintain records of its heritage, and in the process, boosting virtual tourism. Web3 platform Quantum Temple is working closely with the Southeast Asian country to tokenize both tangible and intangible forms of its cultural heritage. Starbucks Launches NFT Collection, The Australian Open Goes Metaverse In the experiences sector, Starbucks recently launched its first collection of NFTs called “Journey Stamps.” The cafe chain sold 2,000 NFTs for $100 each in just 20 minutes of its release. The Australian Open was the first grand slam to enter the metaverse, minting the AO Art Ball NFTs linked to live data like match points on the blockchain. This project offered people around the world a unique chance to own a select piece of the AO experience, such as a specific moment during the tournament. Ticket Sales and Car Titles: NFTs in Other Sectors NFTs are also being used to tokenize ticket sales, with Ticketmaster opening access to event organizers to issue NFTs tied to tickets. The American ticket sales company allows partners to sell NFTs with tickets on the Flow blockchain. Metal band Avenged Sevenfold was the first to use Ticketmaster’s “token-gated sales” concept, meaning fans would have early access to concert tickets and other special events using NFTs. Finally, California’s Department of Motor Vehicles is piloting a program that uses NFTs to tokenize car titles, making them easier to transfer and exchange. As the mainstream infatuation and hype surrounding NFTs subsides, the professionals remain. It is clear that NFTs are being utilized by professionals across a plethora of fields with several noteworthy use cases. As they continue to gain momentum and popularity, it is clear that they have a wide range of practical applications in various sectors, making them an essential element of Web3.

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¿Cómo crear Tokens no fungibles (NFTs)? - Guía para principiantes
April 18, 2023
By: Redacción | 0 Comments

How to Create Non-Fungible Tokens (NFTs) – A Beginner’s Guide

What Are NFTs? Non-fungible tokens (NFTs) have recently become the talk of the town, with their unique identification codes and metadata setting them apart from other digital assets. But what are NFTs, and how do you create one? This guide will answer those questions. How to Create an NFT NFTs are cryptographic assets on a blockchain that cannot be exchanged for each other since they are unique. In contrast, cryptocurrencies are fungible, meaning that each unit has the same value and can be traded for another unit. NFTs often take the form of digital artwork, such as pictures, animated videos, or music, and are usually sold on NFT marketplaces that require cryptocurrency for payment. How to choose Digital Artwork The first step in creating an NFT is to determine what kind of digital art you want to create. It could be an image, an audio production, or even a short video clip. It’s essential to ensure that you own the rights to the media you are using to avoid legal issues. How to choose a Blockchain The next step is to choose a blockchain to store your NFT. Ethereum is the most popular blockchain for NFTs, and it hosts thousands of NFT collections. Solana is a growing competitor to Ethereum, offering faster transaction speeds and lower transaction fees. Flow is another blockchain designed for NFTs and decentralized gaming apps and is popular for sports-focused NFT creation. How to set up an NFT Wallet Once you’ve chosen a blockchain, you’ll need to set up an NFT wallet to store your NFT. MetaMask, Coinbase Wallet, and Ledger Nano X are popular wallet apps that support multiple blockchains. How to select an NFT Platform The next step is to select an NFT platform that offers a full-service marketplace to list and sell your NFT. OpenSea is the most popular platform, with over $20 billion in trading volume since its launch in 2017 and more than two million NFT collections listed. Solanart is a popular platform for Solana-based NFTs, with a slick user interface and an easy application process for minting. Crypto exchanges such as Binance also support NFT creation. How to create NFTs: Final step Once you have chosen a platform, creating an NFT is a straightforward process. For example, on OpenSea, you select your digital wallet and the “Create” option, upload your media file, add NFT features, properties, and blockchain, and then mint the NFT. In conclusion, creating an NFT requires following a few simple steps, such as choosing the digital artwork, blockchain, wallet, and platform. With this guide, you can create a unique NFT that can be sold just like a painting at an art gallery. En conclusión, la creación de un NFT requiere seguir unos pocos pasos simples, como elegir el arte digital, blockchain, billetera y plataforma. Con esta guía, puedes crear un NFT único que se puede vender como una pintura en una galería de arte.

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¿Qué es Web3? Entendiendo la próxima evolución de Internet
April 12, 2023
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What is Web3? Understanding the Next Evolution of the Internet

The World Wide Web has come a long way since its inception. From Tim Berners-Lee’s creation of open, decentralized protocols that allowed information-sharing anywhere on Earth to today’s Web, which has been monopolized by large technology companies. But, with the introduction of Web3, a new era of the internet is beginning to take shape. What is Web3? Web3 is a new vision for a better internet that embraces decentralization and is built, operated, and owned by its users. It uses blockchains, cryptocurrencies, and NFTs to give power back to the users in the form of ownership. Unlike Web1, which was read-only, and Web2, which was read-write, Web3 is read-write-own, allowing users to own their digital assets in an unprecedented way. Why is Web3 important? Web3 has four core principles that guide its creation: decentralization, permissionlessness, native payments, and trustlessness. These principles allow for direct ownership of digital assets through non-fungible tokens (NFTs) and create a trustless environment that operates using incentives and economic mechanisms instead of relying on trusted third parties. Ownership Web3 gives users ownership of their digital assets in a way that was not possible before. In Web2, if a user purchased an in-game item, it was tied to their account. If the game creators deleted their account, they would lose these items. Web3 allows for direct ownership through NFTs, which no one, not even the game’s creators, can take away. And, if a user stops playing, they can sell or trade their in-game items on open markets and recoup their value. Censorship Resistance Web3 also allows for censorship resistance, which is not possible in Web2. The power dynamic between platforms and content creators in Web2 is imbalanced. For example, in August 2021, OnlyFans announced plans to ban sexually explicit content, which sparked outrage amongst creators on the platform. On Web3, a user’s data lives on the blockchain, and they can take their reputation with them if they decide to leave a platform. Conclusion Web3 is the next step in the evolution of the World Wide Web. It allows for direct ownership of digital assets and creates a trustless environment that operates using incentives and economic mechanisms. It also allows for censorship resistance, which is not possible in Web2. With Web3, the power is in the hands of individuals rather than corporations.

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