NFT Blog In Nigeria
If this is your first time hearing NFTs, gather here. A lot of people have never heard of NFTs and that’s pretty normal. I mean, that’s what we are here for, isn’t it?
NFT means “Nonfungible token” and what it simply does is that it allows buyers to purchase ownership of a digital good living on a blockchain. Digital goods come in the form of anything. It could be an image, a video, animation, anything in the form of a unique digital token living on a blockchain. Let’s look at it from this angle. If you own a digital asset such as a photo, or a video, these assets that you own can be ‘tokenized’ or turned into an NFT. These tokenized items can then be bought or sold or traded using cryptocurrency. Anything can be an NFT. If it is digital, then it can be tokenized. And what’s not digital in this age? Nothing!
To buy or sell NFT in Nigeria, you need a cryptocurrency wallet. This is where you store your digital monies. A cryptocurrency wallet allows you to spend, receive and trade cryptocurrencies.
To learn more about the NFT world, read the articles below.
How To Know If An NFT Project Is A Rug Pull
The value of an 8,888 NFT collection under the Frosties project plummeted to almost zero almost overnight in January 2022,…
Read More »Minting NFT: How To Mint NFT For Beginners
Digital assets will be represented in a new way with the advent of non-fungible tokens (NFTs), according to many. With…
Read More »How NFTs Will Change The World
The blockchain uses non-fungible tokens (NFTs) as a medium of data storage. Therefore, those who own this piece of art,…
Read More »What Are NFTs And How Do They Work?
NFTs are currently sweeping the world of digital art and collectibles. NFTs are being marketed as the digital answer to…
Read More »How To Create Your NFT Marketplace In 2022
The popularity of digital collectibles and online marketplaces is steadily rising. Build your marketplace if you plan on entering the…
Read More »Let’s Talk About Bored Ape Yatch Club Metaverse: Apeverse
The Bored Ape Yacht Club (BAYC) is an exclusive membership project backed by the ApeCoin (APE) token that is offered…
Read More »Top 10 Upcoming NFTs In April
On the heels of the growing interest in NFTs, people are taking a cue from its potential to turn their…
Read More »10 Most Expensive NFTs Ever Sold In 2022
Non-fungible tokens (NFTs) are changing the perception of art as a great treasure and its perspective as an emerging financial…
Read More »Can NFTs Be Stolen Or Hacked?: A General Overview
NFTs are one-of-a-kind items that can include paintings or trading cards, but the blockchain keeps track of who owns the…
Read More »Why Are NFTs So Expensive On Ethereum?
Without a doubt, 2021 was the year of non-fungible tokens, a segment of the crypto business with a market cap…
Read More »How Much Is A Bored Ape NFT Worth?
In 2021, non-fungible tokens were the hottest trend. In and out of the bitcoin business, they experienced global recognition, mainstream…
Read More »What Is Mutant Ape Yatch Club?
The Bored Ape Yacht Club (BAYC) launched the Mutant Ape Yacht Club (MAYC) NFTs after much anticipation. It’s an understatement…
Read More »How To Start NFT Trading For Free Without Gas Fees
You may mint NFTs on a variety of systems and blockchains, each with its own set of pros and cons.…
Read More »How NFTs Are Made And How They Create Value
Nonfungible tokens (NFTs) are blockchain assets that represent intangible and unique digital items, like art, photos, video games, or content…
Read More »Top 5 NFTs Rug Pulls
Sometime in January 2022, the value of a collection of 8,888 NFTs under the Frosties initiative plunged to practically zero…
Read More »How To Make Money With NFTs
Cryptocurrency is all the excitement right now, and it’s gaining traction in places like Nigeria, where the digital economy is…
Read More »What is an NFT Whitelist? And How To Get One
Many NFT buyers want to be on the whitelist when a good project is about to be launched. It is…
Read More »