Select Page

New to NFTs? You can buy NFTs with Ethereum from Webull.
Certain non-fungible token (NFT) investments have vastly outperformed cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) in the past months. Celebrities among the likes of Jimmy Fallon, Jay-Z and Gary Vee have bought NFTs and shown them off on their Twitter profiles, increasing the demand for limited-edition tokenized art. Learn more about the NFT craze and how you can start investing today.
Contents
To understand what non-fungible tokens are, you need to learn the difference between fungible and non-fungible assets. Fungible assets are items that can be directly interchanged for each other, such as an ounce of gold, a Bitcoin, a barrel of oil or the U.S. dollar. 
Non-fungible assets are assets which aren’t interchangeable for each other. Some non-fungible assets are plots of land, art and trading cards. Through tokenizing non-fungible assets on the blockchain, users can verify the authenticity of the asset they’re buying. Currently, these assets being traded through NFTs digital collectibles, art, and in-game items, but the future applications for NFTs are limitless.
It’s important to note that a non-fungible token by itself has no value. The value accrued from NFTs is from the media attached to it. For example, a CryptoPunk NFT is just as valuable as the CryptoPunk, and a plot of land on Decentraland accrues value from the location and size of the land within the virtual world. 
Sought-after NFTs are going for huge money. At the time of writing, the least expensive CryptoPunk you can get your hands on will cost you around 100 ETH, or $360,00 for those of you who still denominate value in fiat currency terms. These prices are for the cheapest Punks on the market. If you want an Alien or Ape Punk, you’ll need around 2000 ETH (about $6 million).
With prices this high, it’s hard to not acknowledge the possibility of a bubble. However, CryptoPunks have been ingrained into art culture in a short amount of time, with Sotheby’s and Christie’s Art House both hosting auctions for CryptoPunks. Also, CryptoPunks were among the 1st NFTs on Ethereum, so investors see this as a historic project within the cryptocurrency industry.
It’s important to do your own research before investing in a non-fungible token. These projects can be hard to value, and many NFTs are illiquid, meaning you may have a hard time selling your collectible in the future. Undoubtedly, many NFT projects will fail, leaving investors with a worthless JPEG.
CryptoPunks were created in 2017 as one of the 1st non-fungible token projects on Ethereum. Each punk was algorithmically generated, and the collectibles were limited to 10,000 Punks. Human Punks are the most common, but there are other species of Punks. There are just 9 Alien Punks, 24 Ape Punks and 88 Zombie Punks. Alien Punks have fetched over $8 million dollars on auction.


Most Recent Alien Punk Sold: $8.06 Million
Axies are the creatures used to play the popular blockchain-based game Axie Infinity. You need 3 Axies to play the game, so as the platform attracts more users the price of Axies will naturally increase. Axies vary in price depending on their attributes, but you can pick one up today for around $200. 
Bored Ape Yacht Club is similar to CryptoPunks in that these NFTs are commonly used as online avatars. The project features cartoon apes that have different attributes and rarities, and the cheapest Apes cost about 45 ETH ($150,000). Just a few months ago you could get your hands on an Ape for around 1 ETH, making this project 1 of the fastest-appreciating NFT collectibles in the industry. Since its inception BAYC has airdropped token holders Bored Ape Kennel Club (BAKC) and Mutant Ape Yacht Club (MAYC) NFTs, which have accrued floor prices of 3 ETH and 6 ETH, respectively. Bored Ape Yacht Club also throws exclusive events for token holders, such as a private concert featuring The Strokes and Lil Baby in New York City.
Bored Ape Yacht Club recently sold for 400 ETH ($1.3M)
Meebits was launched by Larva Labs — the same company that made CryptoPunks. At the time of release, Meebits sold for around 2.4 ETH. Today, prices range from 3 ETH up to 100s of ETH, depending on the rarity of the Meebit. Meebits are intended to be used in the metaverse, as they’re 3-dimensional characters that can be used in open world blockchain applications. 
Proof of Beauty is an innovative NFT project focused on documenting and celebrating the history of the Ethereum blockchain. Proof of Beauty’s first NFT series, HASH, allows users to take personal and historical blockchain transactions and turn them into beautiful NFT artworks. From Vitalik’s first Ethereum transaction to Jay Z’s Cryptopunk purchase, Proof of Beauty’s algorithm integrates the transaction metadata into color pallets, shapes and textures. Proof of Beauty’s second series, LONDON, is a sold-out collection of 8,888 generative art pieces. The London gift NFTs became available during the hard fork, and the first transaction that occurred post the EIP-1559 upgrade was a London NFT sale. Proof of Beauty began by documenting Ethereum history, and then they created it themselves. You can create your own Proof of Beauty here.
A Proof of Beauty London Gift
Virtual Reality Land is one of the most unique ways to invest in nonfungible tokens. The 2 most robust virtual reality ecosystems where you can buy and sell land are Decentraland and The Sandbox. These platforms allow you to monetize your land through developing your real estate, and some investors have made casinos, amusement parks and NFT museums to monetize their land. Others simply buy this virtual reality land as a speculative investment to sell at a later point in time.
The best place to buy non fungible tokens is on OpenSea. This NFT marketplace has the most non-fungible tokens for sale, and you’re able to buy all of the previously mentioned NFTs through the platform (except CryptoPunks). To buy a CryptoPunk, you’ll need to use Larva Lab’s website. 
To use OpenSea, you’ll need 2 things: an Ethereum wallet and Ether tokens. The best Ethereum wallet to use with OpenSea is MetaMask. It’s easy to set up via Google Chrome and easily connects to websites through your Chrome browser. If you don’t already have a cryptocurrency exchange account, you’ll need to make one to buy Ethereum. 
Because Ethereum is the most widely used currency to buy and sell NFTs, you’ll need to purchase some on a cryptocurrency exchange. Some of the most secure and robust exchanges that support Ethereum include Coinbase, Gemini and eToro

eToro, headquartered in Cyprus, England and Israel, has provided forex products and other CFD derivatives to retail clients since 2007. A major eToro plus is its social trading operations, including OpenBook, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch, but eToro loses points for its lack of tradable currency pairs and underwhelming research and customer service features

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 
You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.
Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

Gemini is a cryptocurrency exchange and custodian that offers investors access to 26 coins and tokens. Founded in the US, Gemini is expanding globally, in particular into Europe and Asia. Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.
Gemini is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of Gemini’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader. 
In addition to a host of platform choices, Gemini users also have access to insured hot wallets to store tokens without worrying about digital asset theft. Learn more about what Gemini can do for you in our review.

Voyager is a leading name in the sphere of cryptocurrency investing, giving you access to over 50 tokens and coins. Buy, sell and swap assets using Voyager Crypto’s simple mobile platform available as a free download for iOS and Android users. 
When you invest through Voyager, you’ll pay nothing in commissions, which is a major benefit when compared to other cryptocurrency brokers. Voyager is also one of the only brokers we’ve seen that allows users to earn interest on their crypto investments. 
Though the broker could do more to improve its customer service, it’s an excellent option for beginner investors and seasoned professionals alike.
If you aren’t willing to shell out thousands of dollars for a CryptoPunk, Unicly is a platform where you can buy fractional shares of a collection of 50 CryptoPunks. Although you won’t directly own a Punk to flex with on Twitter, this is a great way to gain exposure to NFTs without breaking the bank.
To use Unicly, you’ll need to connect your MetaMask (or other compatible ETH wallet) to its website. From there, you can purchase these shares, called uPunks, with Ethereum tokens.
From what we’ve seen so far, NFTs often appreciate when cryptocurrency volatility diminishes. Since non-fungible tokens are bought with Ethereum, investors want to be exposed to ETH when the price is appreciating, so some sell their NFTs to regain exposure. Conversely, when ETH goes down, the prices of NFTs often go up in terms of Ethereum, since most investors today care more about the dollar value of their investment. For up to date cryptocurrency prices, check out our crypto table below.
If you’re investing a significant sum of money into CryptoPunk, Meebit or other NFTs, then you should consider a secure storage solution for your tokens. While MetaMask is generally regarded as safe, people have had their accounts hacked because the wallet is connected to the internet.
A hardware wallet is the solution for this. Hardware wallets like the Ledger Nano S store thousands of cryptocurrencies, including non fungible tokens. These devices store your cryptocurrency offline, making it impossible for your funds to be stolen through the internet. 
Humans are naturally drawn to flaunting their wealth, whether it be through expensive watches, exotic cars or, now, NFTs. Non fungible tokens offer a novel way to verify the authenticity of rare and expensive items, making it easy to let everyone know you spent thousands of dollars on a JPEG.
It’s likely that notable projects will survive in the long run, but it’s clear that there’s a lot of hype around NFTs at the moment. If you plan on investing in NFTs, make sure you do your own research and only invest what you can afford to lose.
Disclosure: Authors may own non-fungible tokens in this article. Make sure to do your own research before making any investments with your hard-earned money.
Benzinga crafted a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offerings, pricing and promotions, customer service, mobile app, user experience and benefits, and security. To see a comprehensive breakdown of our methodology, please visit see our Cryptocurrency Methodology page.
What you’ll get: a deep dive into relevant crypto projects, exclusive insights into alt coins from the pros & more!
Earn 5% on up to $50k of BTC

Earn 9% on USDC stablecoin

Earn 8% on GUSD stablecoin

Earn 4.5% on BTC and 5% on ETH

Earn 6.2% on BTC and 5.3% on ETH
Learn more about the best cryptocurrencies and altcoins you can buy based on VC-backing, technology, price and more.
Read More
Learn more about the best cryptocurrency trading platforms to trade your coins. Rankings are based on usability, fees and more.
Read More
Discover the best crypto apps you can use on your iPhone or Android phone, based on security, data, availability and more.
Read More
Is bitcoin a good investment? Learn more about bitcoin and determine whether this cryptocurrency is the right investment for you.
Read More
Bitcoin and Ethereum are both crypto, but they couldn’t be more different. Learn more about Bitcoin and Ethereum in Benzinga’s guide.
Read More
One Bitcoin costs $40k, but how does bitcoin work? Start with Benzinga’s guide to learn more about the bitcoin and the blockchain ecosystem.
Read More
Disclaimer: As per the European Securities and Markets Authority (ESMA), the percentage of retail clients losing money on CFD trading must be updated every three months. Please note that eToro’s new results are 67% in regards to retail investor accounts losing money when trading CFDs with eToro. Due to this change, we require you to immediately update all of your eToro related promotions, web properties, and campaigns featuring CFD disclaimers to 67%.
This content should not be interpreted as investment advice. Cryptocurrency is a volatile market, do your independent research and only invest what you can afford to lose.
Want to advertise with us? Send us a message
© 2022 Benzinga | All Rights Reserved
Advertiser Disclosure: TD Ameritrade, Inc. and Accretive Capital LLC are separate, unaffiliated companies and are not responsible for each other’s services and products.
Editorial Disclosure: Reviews are as determined by Benzinga Money. Opinions expressed here are solely the author’s and have not been reviewed, approved or otherwise endorsed by reviewers.

source

trakya nakliyat hayır lokması