NFT Pricing Strategy: How to Price Your NFTs?
NFTs can be fixed price or auctioned. However, creators must consistently sell to demonstrate proof of concept in order to raise the floor price of NFT.
How to crypto
In early 2021, non-fungible token (NFT) marketplaces began to gain prominence, and by the end of March 2021, this new digital asset marketplace had a total lifetime trade volume of around 550 million dollars. Any digital asset can be an NFT, including collectibles, artwork, video game characters, virtual world objects, and digitized sports.
A blockchain, often one on the Ethereum network, is where ownership of an NFT is recorded. However, the sale of this digital asset will result in ownership transfers and blockchain recording of the received crypto payment. This is not to say that NFTs and cryptocurrencies are the same. In general, one of the fundamental properties of cryptocurrencies and fiat money is fungibility or interchangeability, while the non-fungibility characteristic of NFTs makes them valuable.
This article will...
NFTs can be fixed price or auctioned. However, creators must consistently sell to demonstrate proof of concept in order to raise the floor price of NFT.
How to crypto
In early 2021, non-fungible token (NFT) marketplaces began to gain prominence, and by the end of March 2021, this new digital asset marketplace had a total lifetime trade volume of around 550 million dollars. Any digital asset can be an NFT, including collectibles, artwork, video game characters, virtual world objects, and digitized sports.
A blockchain, often one on the Ethereum network, is where ownership of an NFT is recorded. However, the sale of this digital asset will result in ownership transfers and blockchain recording of the received crypto payment. This is not to say that NFTs and cryptocurrencies are the same. In general, one of the fundamental properties of cryptocurrencies and fiat money is fungibility or interchangeability, while the non-fungibility characteristic of NFTs makes them valuable.
This article will...
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