LAMINALE

We Love NFTs

Non-fungible tokens (NFTs) are digital assets managed by blockchain that can be owned, bought, sold, and traded. They are similar to Bitcoin in the sense that they prove ownership of a digital item, but they differ because they are completely unique.

Laminale Marketing & Innovations

is currently exploring NFT creation. Check back for updates.

LAMINALE

What is NFT

NFT stands for non-fungible token, which a unique digital asset managed on blockchain that you are able to buy, sell, trade and own. When a commodity is non-fungible, it means it’s not mutually interchangeable. As NFT stands for non-fungible token, and it is a unique digital asset managed on Blockchain that you can buy, sell, trade and own. When a commodity is non-fungible, it means it’s not mutually interchangeable. Crypto coins are all identical and worth the same, but the value of an NFT is more speculative. For example, on March 11, 2021, a collage composed of 5,000 digital pieces was auctioned for $69 million. Mike Winkelman (AKA Beeple), the artist behind this remarkable digital piece of art, began the bid for his NFT at $100. However, due to the token’s non-fungible nature, its value proposition could not be easily described. Since people were willing to pay $69 million for it, it sold for $69 million. This is what gives NFTs their appeal. They are a completely unique piece of data, and people are willing to spend a lot for them. Similarly, since NFTs exist on a blockchain, they allow for peer-to-peer (P2P) transactions– a major upside for creators looking to sell their digital wares directly to their fans and cut out the middleman.

NFT Basics:

  • An NFT is a digital file with a unique identity.
  • An NFT is built on a blockchain using specific token standards, most commonly Ethereum ERC-721.
  • Creating an NFT requires uploading your digital file to an NFT marketplace.
  • Blockchain allows you to verify the authenticity of an NFT, which is a large part of its appeal.
Once you get the basic gist of NFTs, it’s easy to make your own NFT. Common NFTs include digital art, music NFTs, in-game tokens, trading cards like basketball cards or Pokemon cards and more. Much like a cryptocurrency exchange, an NFT exchange allows you to buy, sell and trade NFTs. It also makes it possible to upload and tokenize your digital soon-to-be-asset as a blockchain-based token. The world of NFTs is growing rapidly, with marketplaces quickly emerging to meet the demand for these digital artifacts. Several have already emerged ahead of the crowded pool of contenders to prove themselves the best NFT exchange in their category.

LAMINALE Top NFT Marketplaces

Most NFT platforms require buyers to have a digital wallet and use cryptocurrencies to pay for their purchases.

 

LAMINALE NFT's Overview

Here is a selection of different NFT markets

Best for Variety: OpenSea

The largest NFT marketplace currently in operation, OpenSea, is one of the most well known names in NFTs. It offers the ability to browse all types of NFTs, from digital art to rare collectibles. Sign-up and NFT uploading are incredibly easy, which makes OpenSea a popular choice for sellers as well as buyers.

Like many exchanges, OpenSea relies on Ethereum, and you must purchase ETH, to fund your bids/trades and cover any fees you may incur. This usually costs less than a dollar at most.

OpenSea requires an active wallet and recommends MetaMask as the best option. This is an easy-to-use browser extension.

Best for Exclusive Drops: Nifty Gateway

Do you have alerts set for anytime your favorite brand or artist drops new merch? Nifty Gateway, powered by crypto-exchange Gemini, is the marketplace for you.

The digital items on Nifty Gateway, known as Nifties, speak to the hypebeast inside of all of us. Having reached 1 billion collectors, Nifty Gateway is sure to remain a key player in NFTs.

Nifty Gateway appeals to anyone who obsesses over exclusive drops from iconic brands like Supreme. Check out its drop schedule or sign up for the exclusive drop list to keep an eye on releases from super-sought after creators like EDM musician Deadmau5 and artist Marius Sperlich.

Best Social Aspect: SuperRare

SuperRare is a digital artwork auction house that believes collecting is, at its core, a socially-driven pastime.

They believe that since NFTs are speculative in nature, social competition is the driving force behind assigning value.

If you’re a creator, SuperRare is currently still in its early adopter phase, with only a few choice artists being added to the marketplace. Get ready for the full launch in 2022.

Best for NBA Fans: NBA Top Shot

In recent years, basketball cards have become increasingly popular, and the market for buying and selling sports merchandise has skyrocketed. NBA Top Shot is the future of sports memorabilia and the digital hub for sports collectibles.

Sports lovers can bid on and collect Top Shop Moments in 3 categories: Rookies, Vets and Rising Star Players. NBA Top Shot members will see a wide range of edition sizes. At the top tier, Genesis, only 1 edition of a collectible is available. However, memorabilia in the Common (lowest) tier has 10,000+ editions available.

The NBA Top Shot Marketplace is easy to navigate. Search by categories like “Latest Drop Moments” or by moments from your favorite teams. You can search by tier, set, or player to find the exact type of collectible moments you’re looking for.

Best for Soccer Fans: Sorare

Sorare offers a platform to collect and trade limited edition soccer NFT cards. More than 125 clubs are currently featured, with additional clubs being added weekly.

Connect and trade with other fans via Sorare’s open marketplace or take part in its Global Fantasy Football Game where you can create your line-up and earn points based on real-life performances. Every week, you have a new chance to prove your skills and win prizes as you compete against other users and advance to higher divisions.