Blockchain

Metaverse crypto projects

In recent years, metaverse crypto projects are gaining prominence. More and more users are inclined in understanding what are the top metaverse crypto projects and leveraging their advantages and benefits.

In this article, we will discuss the best metaverse platforms, the top metaverse games, and the best metaverse crypto projects.

Best metaverse platform

It is very much crucial to understand the best metaverse platform which is suited for your needs. The following sub-sections will guide you to perform a comparative analysis between the metaverse platforms like Cryptovoxels vs Decentraland or Somnium space vs Decentraland.

1. Decentraland

It is the most popular metaverse platform and was established in February 2020. Its native tokens are MANA and LAND. Decentraland is a 3D virtual reality platform, built on Ethereum blockchain technology. The best part is it grants complete ownership of virtual assets like land, buildings, etc. to its users, thus following the concept of decentralization. Users can perform a variety of activities in its workspace like participating in virtual events, buying and selling lands, and conduct in trading too.

2. Metahero

To understand the best metaverse crypto projects, it is equally important to know about the popular and best metaverse platform like Metahero. It allows users to create avatars and other digital objects leveraging AR technology. Also, it has a 3D modeling and scanning mechanism for creating objects. Its cryptocurrency is Hero. And if you want to know how to invest in Metahero, then the best place is a cryptocurrency exchange where you need to create an account and a crypto wallet.

Also read: Decentraland vs Sandbox: Complete analysis of the top Metaverses

3. Meta facebook metaverse crypto

Meta facebook metaverse crypto is the concept introduced by Facebook, with a different concept than other metaverse crypto projects or platforms. Users will experience a parallel reality by introducing concepts like spending time for meetings or going to hiking trails or travel events etc.  An opportunity to easily connect with family, friends, and colleagues with the provision of sharing virtual and social experiences. The best part is people won’t feel the transit time differences while moving to the virtual world.

4. Sandbox metaverse

Sandbox metaverse was established in 2018 and is based on Ethereum blockchain technology. If you are looking for an answer to the question, “Which metaverse is best?”, then you can add Sandbox to the list. Users can create, buy, sell and monetize their NFTs. SAND is its token that helps to buy and sell assets in the digital marketplace. LAND is the digital real estate that belongs to the Sandbox ecosystem. There are two types of LAND available to the users – Regular and Premium.

5. Somnium space crypto metaverse

Somnium space crypto metaverse is an open-source metaverse platform, based on Ethereum blockchain technology. Through this platform, users can create, earn, and trade assets that can be monetized. All the assets of the platform – avatars, land, wearables, and others, can be tokenized. The native token of the platform is CUBE. It is compatible with almost all digital platforms and can be used to purchase other avatars using NFTs.

Also read: How to add Avalanche to MetaMask? – A quick guide

6. The Enjin ecosystem

The Enjin ecosystem is one of the best Metaverse crypto projects that are holistic when it comes to the creation, and trading of digital assets using tokens. Its cryptocurrency is known as Enjin or ENJ. The platform is built on the Ethereum network. It is unique in the sense that it provides liquidity in the real world through its in-game items and hence introduces an advanced world of blockchain gaming platforms with are powered by crypto.

Top metaverse games

In this section, we will focus on the top metaverse games that are successfully transitioning users from the real world into a virtual world, by leveraging blockchain technology, a 3D digital workplace, and the usage of various virtual reality devices.

Let us now try to check out the most popular metaverse games.

1. Axie Infinity

Axie Infinity is a video game, which can be played online by using cryptocurrencies. The buying and selling of the assets of the game can be done using NFTs. The NFTs of the game are represented by Axies or digital pets. These pets can be made to fight with each other in the game and even stored for life. The game was originally developed by Sky Mavis from Vietnam. It is built on the sidechain that’s Ethereum based and known as the Ronin network.

2. Cryptovoxels

Cryptovoxels is a 3D game in virtual reality where one can buy lands and witness a unique digital experience. It is also based on the Ethereum blockchain network. Users can own the lands and construct new buildings or any other structures on them. The infrastructure of the game consists of lands, buildings, roads, and many others. Ethereum is used for payment while purchasing land parcels. It is compatible with different browsers like Mozilla Firefox, Google Chrome, and Opera.

3. PlayDapp

PlayDapp is a gaming platform based on Ethereum blockchain technology allowing users to go for in-game purchases and trade through its token called PLA. The platform provides PG solutions, a concept where the games can be played without the usage of cryptocurrencies. It essentially allows users to play games on the PlayDapp platform by providing many blockchain networks and facilitating users to become crypto game users.

Also read: Why are NFT Gas fees so high? | Deep dive into gas fees

4. Roblox

Roblox is free to use and is a gaming platform, quite popular among NFT crypto projects. Developed by Roblox Corporation, the games are created by the users leveraging Lua, the programming language. Users can go for in-game purchases using Roblox, a virtual currency. The platform has provisions for creating, buying, and selling the virtual assets used for the avatars. Though the attire for the avatars can be purchased by any user but can be sold only by the Premium members.

New metaverse projects

In the previous two sections, we have been acquainted with the best metaverse crypto projects and gaming platforms. In this section, we will focus on emerging and new metaverse projects and a summary of each of them.

1. Arcade network crypto

Arcade network crypto is one of the new and best metaverse crypto projects that enable users to seamlessly move digital assets from one metaverse platform to another, acting as a bridge in between. The network allows users to create games and deploy them leveraging ARCVerse. Its wallet is known as ARC Notecase, a wallet that can store different crypto assets including NFTs. Its cryptocurrency is called ARC coin and users can redeem assets using it.

2. Stepn web3 project

Stepn web3 project is one of the newly introduced and best metaverse crypto projects based on the move-to-earn model. The concept used by the platform is to reward the users for performing physical activities. They can either run, walk or jog and earn rewards. The rewards are earned through tokens and the activities are performed by NFT sneakers. The native currency of Stepn is the green metaverse token or GMT.

3. Quint crypto

Quint crypto is one of the revolutionary and best metaverse crypto projects, which is emerging in popularity in the digital world. In its marketplace, NFT artists and creators can display their digital art for sale. It helps to connect artists globally through its incubator program. The token for the platform is called Quint through which users can access its ecosystem and leverage the benefits of merchandise shops, boutique marketplace, and many more.

4. OVR the new metaverse

OVR, the new metaverse platform, has been created to bridge the gap in the digital world through augmented reality, leveraging smart devices like cameras, smartphones, and virtual reality handsets. The objective of OVR is to expand access to the digital space by providing opportunities for ownership and investment. It essentially focuses on creating content and interacting with the users, thus creating a smooth transition from the real to the digital world.

Also read: 8 best list of smart contract platforms

5. Luna one crypto metaverse

Lune one crypto metaverse is one of the best metaverse crypto projects to expand the platform beyond gaming. Its objective is to redefine decentralization by learning, gaming, and earning. It allows its users to create, shop, study, earn, and also socialize in a Web 3.0 environment. The key features of the metaverse are its governance mechanism, ranking system, and NFTs. You can buy the Lunaverse tokens from its website.

6. MetaCity

MetaCity is a metaverse project based on augmented reality. You can become a MetaCitizen by owning a MetaCity ID card and which serves as a membership to the community. It can be used to buy avatars. Its wallet is known as Metacity AR-Wallet which has several features like an NFT vault for storing digital assets and a secure Web3 browser. Its token is called MetaCity through which users can build houses, buy vehicles, possess fantasy pets, and can also win rewards.

How do I add avalanche to MetaMask?

Avalanche (AVAX) is a cryptocurrency and blockchain platform that has been introduced as Ethereum’s rival. Avalanche is a cross-chain project – Avalanche X-Chain and Avalanche C-Chain. The Avalanche X-Chain can only be added to the Avalanche wallet, while the Avalanche C-Chain can be added to the MetaMask wallet. In this blog, we examine how to add Avalanche to MetaMask. 

How do I set up MetaMask? 

Before you can connect, Avalanche to MetaMask, you must first learn how to set up your MetaMask wallet. The process is organic with the following steps –  

• MetaMask is a cryptocurrency wallet that is available as an IOS and Android app store and a browser plugin for Firefox and Android. You can use MetaMask to store and transact crypto through the user-friendly interface. 
• Download and install MetaMask extension – We start by downloading your preferred MetaMask extension for Chrome, Firefox, ioS, or Android from the MetaMask official website. Cross-check it is the current website before you start the downloading process.  
•  Install the wallet – The installation process is straightforward. Once you install the wallet, you should see the MetaMask fox on the screen. Now click on Get Started.
• Create Wallet – You have two options – create a new MetaMask wallet or import a wallet – this is if you already have a MetaMask account. You will need to use your secret recovery phrase.

Also read: Metamask vs. coinbase wallet | Best crypto wallet comparison

Select create wallet if you want to set up a new wallet. After agreeing to some standard terms and conditions, create a unique password. MetaMask will show you a secret phrase that contains 12 random words. Copy the phrases in their exact order and store them carefully. It is a backup in case you lose your phone or laptop.

Installing MetaMask extension firefox

• Always download your wallet extension from the official MetaMask website. The download button is on the top right-hand corner of the MetaMask homepage. 
• Select the firefox option to download the MetaMask extension firefox.
• Click Add to Firefox on the Metamask shop listing page.
• Chrome will confirm that you are truly interested in installing MetaMask. After reading the disclaimer, click Add.
• After MetaMask is installed, click to launch your wallet.

MetaMask Android Installation

The MetaMask mobile app has two components – a wallet and a browser. The wallet supports any Ethereum-compatible cryptocurrency, and the web browser is already set up to work with dapps and smart contracts. You can download the MetaMask app from the Google Play Store. Always verify that you are downloading the right version. Being extra cautious while downloading can prevent the loss of funds. 

Getting started with MetaMask is a straightforward process. There is no need for a personal email address or identification. The two key parts of the procedure are seed phrase backup and password creation. In a few minutes, you’ll be prepared to use your wallet.

Also read: How to write a smart contract? | Step-by-Step Guide

How to add funds to MetaMask?

It’s easy to add money to your MetaMask, but if you do it incorrectly, you risk losing it all. Here is how to add funds to your Metamask wallet.

You can transfer money from a cryptocurrency exchange or purchase ETH or ERC-20 tokens directly on Metamask.

Purchase ETH or ERC-20 using Metamask.

You might be able to buy Ethereum straight on Metamask with a credit card or debit card, depending on where you live. You should be aware that using this approach may result in higher costs, and you might not get your ETH immediately because transactions often take a while to complete.

Add Money From a Bitcoin Exchange

You can transfer bitcoin into your Metamask wallet by using a reputable exchange like FTX, Coinbase, or Binance. You do have to pay withdrawal fees while purchasing ETH on FTX and depositing it into Metamask. After you buy the currency, you can enter your MetaMask address in the receiver’s address.

Also read: Decentraland vs Sandbox: Complete analysis of the top Metaverses

How to buy MetaMask coins from your wallet?

It is easy to buy MetaMask Coins from your wallet. Select “Buy ETH” on your wallet on your home screen. You can buy ETH with a credit card, a bank transfer, or Apple Pay (the US only). Your account’s balance in MetaMask ought to change a few minutes after the transaction has been “mined” on the Ethereum blockchain and has been processed. By clicking the pop-up link, you may view the status of your transactions on a block explorer like Etherscan. 

How to send money from Coinbase to MetaMask?

Users can use Coinbase Pay integration to help them purchase or transfer within their MetaMask wallet. Coinbase Pay is a new crypto purchase service from Coinbase.

• To begin, click the blue “Buy” button on the home page.
• Select the Coinbase Pay option
• Go to your Coinbase account and log in (for first-time users)
• Choose the coin that you want to use to top up your MetaMask wallet.
• To purchase the desired token, select the funding source from your Coinbase crypto balance or one of your saved payment methods.
• Check your purchase, then press “Confirm.”

How to add time to MetaMask?

If you want to add Time tokens to MetaMask you can stake them on the Wonderland app. You can import Time as a custom token. 

• You need to use your wallet while you are on the Avalanche network.
• Click “Import Custom Token” after choosing “Import Tokens.”
• Copy the Avalanche C-Chain contract from the CoinMarketCap
• Cross-check that Time is recognized and select Add Custom Token.

Also read: Why are NFT Gas fees so high? | Deep dive into gas fees

Can MetaMask hold bitcoin?

Can MetaMask hold bitcoin? No, MetaMask is based on the Ethereum blockchain and it is not possible to buy and store Bitcoins in your MetaMask wallet. BitCoin on the other hand is based on the blockchain. If you want to store your Bitcoin in your wallet – you can either swap it for Ethereum or wrap it up. This means when you purchase bitcoin and choose to wrap it, you are tying the value of your bitcoin to another Ethereum-based currency.

How to add Avax token to MetaMask – Step by Step

In contrast to other cross-chain projects, the Avax ecosystem operates two chains: Avalanche X-chain and Avalanche C-chain. You cannot utilize Avalanche X-chain on Web3 platforms or add it to Web3 wallets like MetaMask. The chain can only be used to receive and transmit Avalanche tokens (AVAX). Only the Avalanche wallet has access to the X-chain. You can add Avalance C on the MetaMask platform, which is utilized by Defi and other decentralized application platforms.

There are two ways you can add AVAX to MetaMask

How to add Avalance to Metamask manually

Step 1: Log in to your MetaMask wallet and click on the network bar located in the top right-hand corner. The bar lets you know which network your wallet is currently on. 

Step 2: Select Add Network from the drop-down

Step 3: Enter details into the pop-up form with the following fields. 

• Network Name: Avalanche Network
• New RPC URL: https://api.avax.network/ext/bc/C/rpc
• ChainID: 43114
• Symbol: AVAX
• Explorer: https://snowtrace.io/

Step 4: Click save. 

You can now select the Avalanche Network from the Network Menu. 

Another method of adding Avalanche to MetaMask through Snowtrace 

Add Avalanche network to your MetaMask wallet is via the Avalanche network explorer

Step 1: Visit Snowtrace website. Snowtrace is a blockchain explorer for Avalanche. 

Step 2: Click “Add C-Chain Network” on the bottom right-hand corner of the website. If you have not already logged in to your MetaMask wallet, you will be prompted to after selecting this option. Confirm the connection request, and you are set.

How to Send AVAX to the MetaMask from Avalanche Mainnet

Now that you’ve set up MetaMask on Avalanche Mainnet you may wish to transfer Avax to your wallet. If you have funds on the P or X chain you need to move to the C Chain before they can be sent to your wallet. After all the funds are in the C Chain you can send funds from your Avalanche wallet to your MetaMask wallet. 

• Select send
• Select “C Contract” as the Source Chain.
• Enter your MetaMask address into your Avalanche wallet’s “To Address” field. We recommend you copy-paste the address to prevent errors.
• Confirm and finalize transactions.

How do I add the Avalanche Fuji testnet to MetaMask?

Avalanche Fuji Testnet is a testnet for Avalanche Mainnet (AVAX). You can add Avalanche Fuji TestNet in two ways 

• Chainlist – Visit chainlist.org and connect to the MetaMask wallet. Search for Avalanche Fuji Testnet and click on “Add to MetaMask”. You can open your MetaMask Wallet and select Avalanche Fuji Testnet from the network drop-down box. 
• Custom RPC in MetaMask – Open your wallet and select network. Select the Custom RPC option. Fill in the following information

Network Name: Avalanche Fuji Testnet

New RPC URL: https://api.avax-test.network/ext/bc/C/rpc

Chain ID: 43113

Currency Symbol: AVAX

Block Explorer URL: https://cchain.explorer.avax-test.network 

Save and switch to the Avalanche Fuji Testnet network.

What is an avalanche wallet?

An Avalanche wallet is a non-custodial wallet to store your Avalanche assets. You can access the Avalanche ecosystem of decentralized applications thanks to it (DApps). Three different address types are available in an Avalanche wallet: X-Chain, C-Chain, and P-Chain. Any of the three chains can be used to hold cryptocurrencies for a variety of uses. In summary, you can engage with smart contracts on the C-Chain, store assets on the X-Chain, and stake coins on the P-Chain. Within the Avalanche Wallet, you may easily transfer your tokens between the three chains. To move assets from your wallet you need to use a chain compatible with the destination wallet.

Also read: Defi vs Cefi | Decentralized Finance VS Centralized Fiance

How to send Avax from Coinbase to MetaMask?

Coinbase is well known for its reliability. It can be used to purchase Avax tokens. To send Avax from Coinbase to MetaMask. 

• Find the MetaMask Wallet- You need to manage your MetaMask wallet settings. After you add the Avalanche Network to Metamask, you can copy your wallet address by clicking Account. 
• Open your Coinbase profile – Log in to your Coinbase account and go to send/receive page. A list of all your assets including Avax will be listed on the page. 
• Click on Transfer Avax – Choose the Avax Token and click the Send option. Click continue on the pop-up menu.
• Enter your MetaMask address and confirm the transaction- To send the coins paste your MetaMask address on Coinbase. Cross check you have entered the correct address and click send. The money should appear in your wallet shortly.

How to bridge eth to Avax

The best way to bridge ETH to Avax on your MetaMask Wallet is through the official Avalance Bridge. You need to follow these steps- 

• Create your MetaMask wallet with the steps outlined above and fund your wallet.
• Go to the Avalance Bridge and select the ‘Connect MetaMask Wallet’ option.
• Enter the number of Ethereum you want to bridge. 
• Select ‘Transfer’ and wait for the on-chain transaction to finalize. It can take anywhere between 5 to 10 minutes to complete the transaction.

How to swap Avax for time?

If you want to learn, how to swap Avax for time, you need to purchase Avax. You can buy Avax from a Crypto exchange like Coinbase and swap it for time on Trader Joe DEX.

Decentraland vs Sandbox

Decentraland and sandbox are among the top metaverses in the digital world. Based on the latest blockchain technology, both are developed on related themes. They enable you to own land or property in the virtual world through the form of gaming apps. You can use an avatar to create the games or the apps. You can either create your plot of land or buy it from others via an investment leveraging cryptocurrencies or digital assets.

In this article, we will focus on Decentraland vs Sandbox, a comparative analysis of the two popular decentralized metaverses.

What is the Metaverse?

Coming to what is the metaverse, the answer of which is – Metaverse is a virtual online 3D shared space. Focused on social connection, the metaverse is essentially a virtual iteration of the internet where virtual reality and augmented reality work in congruence. 

The term was first used in Snow Crash, a science fiction novel, published in 1992. The development of the metaverse is majorly focused on introducing advancements in the virtual reality world, which we can further deep dive into the topic of Decentraland vs Sandbox.

Also read: 9 Best Metaverse platforms everyone should know about

How does Decentraland work?

Now let us try to understand first how does Decentraland work in our first topic of analysis Decentraland vs Sandbox. Launched in 2017, the future of Decentraland is quite vast. It was created to introduce a virtual world to the users where they can create their lands or explore the lands of other users. Besides, you can even attend events virtually. 

If you want to know how many users on Decentraland, the answer is on average 600 users are active on the platform. And next to understand, what blockchain is Decentraland on, it is Ethereum blockchain.

Let us explore the details of the Decentraland metaverse.

What is Mana?

Now coming to what is Mana, it is the cryptocurrency token for Decentraland. Mana Metaverse token is essentially used to purchase land and also to pay the goods and services in the virtual world. Initially, each plot of land was sold for a value of 1000 Mana. It is an ERC20 token and is widely used in Decentraland to determine the profit and loss in virtual transactions. Mana is the method to incentivize the users to use and interact in Decentraland.

Where can I buy mana coin?

Now that you understand Mana, the next probable question is Where can I buy Mana coin? 

The best way to purchase Mana is through an exchange that can be trusted and is reliable and renowned in the space. You must also ensure that the exchange is secure as it involves virtual monetary exchange. It is crucial not to lose the private key to your currency as it may lead to difficulties in fund recovery. 

Best wallet for Decentraland

While you play Decentraland, it is essential to find out the best wallet for Decentraland. Here are some recommendations on the preferred wallets for Decentraland:

1. Ledger or Trezor hardware wallets are extremely secure and highly encrypted, preventing network attacks
2. Trust wallet, popular among investors and traders
3. Atomic wallet, supporting multiple currencies and available in iOS, Android, and several desktop versions
4. MyEtherWallet, a web-based option for traders and investors and is safe and secure

Also read: 10 Best web3 wallet | Price, Safety, Features

Decentraland land prices

A common question is, How much is land on Decentraland?

Decentraland land prices can cross USD 10000. Usually, the average price at which plots of land are sold and purchased varies in the range of 500 USD and 3000 USD. in 2021, the highest land price of Decentraland was 2,000,000 Mana which is quite huge. The measurement of the Decentraland land is approximately 16m X 16m being square in shape. The different types of lands include stress, plazas, private land parcels, and district lands.

Decentraland game

The Decentraland game is one of the best in the virtual reality world. You need to move to the game’s website and into the game; the steps are quite easy and user-friendly. You can play it on Google Chrome as well as Firefox. There is a desktop app too for the Decentraland game and users can opt for it. Also, there are options to access the game in the guest mode without the wallet. You may miss out on some of the creative tools though.

Decentraland competitors

While discussing Decentraland vs Sandbox, one important topic is to know about the Decentraland competitors. Here are some enlisted below:

• Mona – an open metaverse with attractive 3D spaces
• Bullieverse – similar open metaverse platform
• Vault Hill – blockchain-based metaverse platform
• Rooom – allowing the creation of online 3D content
• Odyssey – open Web3 metaverse stack
• HighStreet – film studio using virtual reality
• Somnium space – virtual open world

Also read: Why are NFT Gas fees so high? | Deep dive into gas fees

How does Sandbox work

The next important discussion topic for Decentraland vs Sandbox is to understand how does Sandbox work and its intricate details. It essentially supports users to sell, use, create, and monetize virtual reality NFTs. There are two types of land available to the users – Premium and Regular. To start playing the game, users need a token and in this case, it is SAND – the native currency. Only then the users can click on the land available on the website may and purchase the same.

Another method by which one can purchase land is through OpenSea, a secondary marketplace. You need to create an account on the OpenSea platform and purchase land with the help of SAND or ETH.

How to buy sand crypto?

Well, the easy answer on how to buy sand crypto, is to check on the exchange platforms of Binance, Crypto.com, and Gemini, available in iOS and Android. You need to create an account in these exchanges, after proper identity verification. The next step is to fund your account with normal currency or any other cryptocurrency. You can then find SAND available to buy and sell land in the Sandbox gaming app or browser.

Sandbox sand alternative

Here are some of the popular Sandbox Sand alternatives, more or less similar to Decentraland:

• Mona – an open metaverse with beautiful 3D spaces
• Bullieverse – an open-world metaverse platform
• Vault Hill – a blockchain-based metaverse platform
• Rooom – allows the creation of artistic online 3D content
• Odyssey – an open Web3 metaverse stack
• HighStreet – essentially a film studio using virtual reality
• Somnium space – a virtual open world

Also read: Metamask vs. coinbase wallet | Best crypto wallet comparison

Sandbox real estate prices

While talking of Sandbox real estate prices, about 166,464 plots of land cost around USD 9900 which is equivalent to 3.2 ETH. The prices normally increase over time and therefore it is important to look out for good opportunities for the purchase. Sandbox had been sold for as high as USD 30000.

Sandbox real estate can be created by combining a group of LANDS. A LAND is the basic Sandbox unit, a square of side 96 meters.

Is sandbox a good investment

In the debate of Sandbox or Decentraland, an important point to ponder on – Is sandbox a good investment?

Sandbox is considered to be a good option for investment. The probable reason is metaverse industry is predicted to experience a 31% growth between the years 2022 and 2028. The revenue forecast for 2028 is estimated to be USD 828.95 billion. About 62% of the metaverse land is being held by Sandbox and thus the largest real estate metaverse platform.

Sand vs Mana

Talking about Sand vs Mana, the two obvious questions one needs to understand are: How high can Mana go? And How high can Sand crypto go?

Well as per predictions, in 2024 Mana is expected to have a maximum price of USD 1.92 and a minimum of USD 1.54 with the average being USD 1.58.

Whereas Sandbox has predicted that the SAND price will probably be revolving around USD 17.39 in 2030. So if you are thinking of, should I buy Mana crypto or SAND, do check on the predictions and insights.

Also read: Polkadot vs Cardano | Compare Ecosystems, Features, Prices

Sandbox reviews

Here are some of the pros and cons related to Sandbox reviews and crucial discussion topics in this article focused on Sandbox vs Decentraland. The greatest advantage is there is no centralized authority but users have ownership over their digital assets and control policies through the concept of decentralized autonomous organizations. Yet to avail of the lucrative opportunities on the Sandbox platform, one needs to invest a lot to acquire the SAND tokens.

Let’s discuss how the right NFT tools can help you make a profit.

NFT trading has taken the world by storm in recent years, and especially Gen Z are hooked on trading anything digital. But, as many of them are learning the hard way, crypto is just as volatile as any other form of trading. Luckily, trading smartly with the right tools will give you a much better overview of the market, allowing you to only strike while the iron is hot – and stay far away from plummeting NFTs. Just like how choosing the right web3 wallet is essential to making the most of your crypto purchases – NFT tools are a must for helping you make the right purchases in the first place.

What Can NFT Tools Do For You?

Any good NFT tool will give you access to a wealth of valuable data about the market to base your purchasing decisions on. Of course, they don’t offer any information that isn’t available to the public – but they do organize it neatly for you, making sure that you’re always seeing the full picture. 

Does that sound unnecessary to you? Then consider how many hours of research you would have to regularly put in to keep up with price fluctuations, predict trends, perform keyword analysis, etc. – and be honest with yourself about whether you’d keep doing it. Chances are you’ll exhaust yourself and quickly go back to investing randomly.

Also read: 10 Best web3 wallet | Price, Safety, Features

Invest Smartly Using Data

Investing without data to back up your decisions is a dangerous game. Sure, many NFTs are digital artworks, and buying art should be fun. But if you only buy what looks cool, you could easily fall in love with the wrong thing. Too many young investors have bought into the hype and thrown themselves into NFT trading, forgetting to research – and ended up broke, sometimes even with hefty debts.

Although an NFT tool is also an investment, you won’t regret this one. With an NFT tool to organize all the relevant information from marketplaces for you, you can always find what you need to know by using filters – avoiding making potentially disastrous trades.

3 Great NFT Tools

Now that you know the benefits of NFT tools, let’s take a look at some of the most useful NFT tools right now. While all of these have received rave reviews, the best one for you depends on your preferences. Read on to find out which type of investor each of them are best suited for.

Compass

With the highest rating on BuyNFT.com at the time of writing, we had to include this one. Compass lets you track your portfolio, specific wallets and floor prices, monitor trending collections and rare listings – and with their customizable notification center, you’ll know whatever you want to as soon as it happens.

NFTGo

If you’re looking for a macro view of the NFT market, NFTGo is the tool for you. Unlike Compass, this is a free service available on their website – but that doesn’t make the quality any less stellar. Instead of taking the same price-oriented approach to data analysis as most other NFT tools, NFTGo presents metrics from market sentiment to whale activity in a simple, easily decoded layout.

NFTNerds

Lastly, NFTNerds is for people who take their trading seriously and want to dive deeper into the cold, hard facts. This tool gives you a real-time overview of what’s going on in the market as well as within specific NFT projects. Here, you’ll find performance ratings updated at lightspeed, rarity rankings, trending and new collections, gas prices – and even a purchasing portal, saving you time when making moves.

Let’s discuss how to turn a video into an NFT.

NFTs have proven to be the one investment vehicle currently weathering the generally bullish market tendencies. Although powered by the same blockchain technology that supports cryptocurrencies, digital collectibles have proven to be a lucrative and important part of the wider metaverse. We’ve seen things as diverse as tweets, graphics, and videos sell for extraordinary amounts. Keen to get your own slice of the action? This guide will help you turn a video into an NFT easily.

What are Video NFTs?

Non-fungible tokens, or NFTs, are any digital property that’s tied to an underlying blockchain algorithm to help verify ownership, creator, and more. You can always see who the creative authorship was, track the spread of the content, and prove who owns what. Video, whether live action content, animation, illustration or anything else, is one of the most popular content types currently. Giving us both audio and visual elements, you can impart a lot of information quickly, and in an easily digestible format that people love.

NFT Basics

In order to buy or sell an NFT, you need to have an account and wallet with a verified cryptocurrency. Currently, most NFTs are opting for the Ethereum blockchain, so it’s best to focus on that if you’re new to the NFT arena.
Make sure you don’t confuse the underlying Ethereum blockchain with the Ethereum, or ETH, coins however. It’s a different type of token, and has a ton of extra info associated with it. Think of the blockchain as a type of never-expiring, unremovable ‘contract’ attached to your work. For digital creators, it’s another way to sell on your work safely. Monetizing your work is always nice, right?

Most Ethereum wallets ‘sit’ within your browser, and run as a browser extension. You can then use it on any compatible website to buy and sell coins, NFTs, and other token types. Metamask and OpenSea.io are a compatible platform and wallet combo that many opt for. Next, you will need to have some Ethereum coins. Many people opt for the crypto exchange platform Coinbase to purchase. Here you can sell, buy, and trade. While Coinbase is the most popular crypto exchange platform, there are others- but sometimes it’s smart to go with the easiest and best known, especially in the sometimes murky crypto waters.

Set up your account, and buy some Ethereum. Prices fluctuate in real time, so be careful of your timing. You will typically need at least a few hundred to list an NFT, and it can get pricey. Be aware that there can be a delay in purchase, as Coinbase verifies your money in your bank account before completing the trade. When your coins are purchased, they will show in your wallet of choice.

Also read: How to become a blockchain developer | Quick step by step guide

Creating the NFT

This should leave you with some Ethereum in-hand, a crypto exchange account, and a connected wallet. Now you can create your NFT video. Create something worth buying that will appeal to others. Video editing software can help you create a polished and professional piece. Videos for NFT typically have to be under 100MB and in MP4 format. When your piece is ready, it’s time to take the next steps.

Now, head to an NFT platform (we recommend OpenSea.io) and connect your wallet. Follow the leads to their ‘create’ option, and follow the steps that appear there. When the listing looks correct, and you’ve set the price and duration for the listing, you can click ‘sell’. 

Fixed price options mean a person can buy your NFT immediately for the listed price. A timed auction sells to the highest bidder within the time limit you set for the auction. If you want to sell multiple pieces, you can consider creating a bundle for these pieces. There will, of course, be a service fee charged by the platform- OpenSea.io has a 2.5% charge. There is likely also to be fees if you decide to cancel your listing after you list it for sale.

When you confirm the listing, it will be linked to your crypto wallet. Congratulations, you now have a video NFT listed for sale, and it will be tied to the blockchain you chose. When you get a buyer, the money will be uploaded to your crypto wallet automatically. 

Also read: 10 Things You Should Know About Crypto 

Promoting your NFT

Many artists and celebs are already selling their work as NFTs. You may have heard that Grimes, or the Kings of Leon, have had great success monetizing their work this way. You could be one of them- but you probably don’t have the popularity and pulling power of those star-encrusted names. While it’s perfectly possible that a well-crafted and interesting piece will sell off the bat on the platform, it helps if you do something to put your name and work out there.

If you’ve been working as an artist for any length of time, you probably already have some marketing efforts underway. It’s time to leverage those channels for your new NFT, too. Make sure to publicize what you’ve done, and sell it to your fans. Hopefully, one of them will be rushing over to buy your piece in no time.

Remember that it is a saturated marketplace. We have everything from new works by popular artists, through to ‘iconic’ piece of digital history like famous memes, vine videos, and other collectable pieces for sale. So don’t see this as just an ‘easy’ way to get money, but rather add it to your ongoing efforts to build your own portfolio and online presence as an artist and video creator. The more generally appealing your work, and the more effort you put into creating a truly great piece, the better your chances of getting market traction.

NFTs are a novel new way for artists and creators to sell their work, in a vehicle that gives both you and the purchaser more security, authenticity, and solid ways to ensure your rights to the IP are maintained. It’s well worth considering selling your video work as an NFT, and it couldn’t be easier to do, either.

 

Blockchain technology has heralded a new way the digital world handles data and does business. Initially, developed to support Bitcoin, private and government sectors used blockchain for a range of applications. Looking at the immense potential, many developers are eager to join the blockchain world. Blockchain developers develop decentralized apps (dApps) and smart contracts. In this blog, we discuss how you can become a blockchain developer and the skills you must develop. 

What do blockchain developers do?

A blockchain developer is a software professional specializing in blockchain technology. The developer work on the programming, development, and testing of the blockchain. They handle the entire lifecycle of a blockchain application. Blockchain developers typically have two profiles –

• Core blockchain developer – The developer is responsible for the development and maintenance of the blockchain technology. They concentrate on blockchain protocols, and security patterns, and supervise the entire network.
• Blockchain software developer specializes in building applications on the existing blockchain platform. They may handle back-end or front-end development, design, and maintenance.

Also read: How to create a DAO? | The ultimate DAO stater guide

How to become a blockchain developer?

In this section, we elaborate on the skillset you need to acquire if you want to become a blockchain developer. There are certain skills you need to master if you want to excel in the field and successfully navigate the challenges in blockchain development.

1. Academics in IT or Computer Science

Most blockchain developers have a bachelor’s degree to handle developmental activities. You need to be comfortable using the following programming languages –

• C++
• SQL
• Javascript
• Python

A part to the degree they need to have the following skillsets

• Data structure – Blockchain developers need a comprehensive understanding of data structure. Blockchain is a system of distributed databases that stores information in blocks rather than tables. You need to understand concepts like binary search trees, hash maps, binary trees, graphs, and linked lists. 
• Network and distributed system – Blockchain is built on a peer-to-peer network. You need a good foundation in computer networks from network topologies to routing.

There are various post-graduate courses in blockchain technologies that can give you the required edge.

Also check: Funding your education

2. Learn how the blockchain works

You need to understand how blockchain technology works. This foundation knowledge is the building block to more advanced technologies and specialization. Blockchain has four key concepts,

• A shared ledger is an append-only system distributed system. This ensures duplication of effort required in a traditional business network. 
• Permission ensures that transactions are secure, authenticated, and verifiable. 
• Smart contracts are a set of rules that govern the business transactions.
• Consensus is all parties agree to the transaction. 

Each blockchain has various participants. The developer needs to ensure the apps meet all the parameters when they build apps.

3. Learn about smart contracts

Ethereum introduced the concept of smart contracts and it has revolutionized blockchain technology. It has become a part of most blockchain solutions offered today.

Two parties can execute a smart contract without needing an intermediary. The contract is self-executing and completed only when the terms and conditions mentioned in the contract are fulfilled successfully. Since the contract is monitored by several users it is unlikely to contain errors or loopholes. Since it has removed the need for a middleman it has helped save money and resources.

Blockchain developers need to learn about smart contracts. You need to learn languages that are used in smart contracts development such as Chaincode and Viper.

Also read: How to write a smart contract? | Step-by-Step Guide

4. Learn about Cryptonomics

Cryptography prevents your data from being accessed. Developers need to be familiar with the concept while working on blockchain technology. Blockchain transactions use public-key cryptography.

Users use cryptocurrencies to transact on the blockchain. To make transactions you need to have a wallet and private key. The key proves ownership of the wallet. Users are ensured the transaction is encrypted and safe.

The cryptographic hashtag refers to producing an output of a specific length irrespective of the length of the input.

Blockchain developers need to learn about various aspects of crypto-economics to keep blockchain data safe.

5. Build a Blockchain

You need to become familiar with various blockchain architectures. You should understand concepts like a ledger, consensus, and smart contracts. 

Blockchain uses four types of architecture,

• Consortium architecture is not completely decentralized. Members of the consortium have complete authority. Multiple organizations are members of the consortium. 

Private architecture has a few people that are part of the system. 

• These systems are not decentralized. 
• Public architecture is completely decentralized. Anyone can take part in the network by mining or making transactions. 
• Hybrid architecture is similar to private blockchain but is open to public scrutiny.

Blockchain developers need to understand the intricacy of each architecture. A large number of applications on the blockchain are web apps. You need to be able to develop robust web apps using blockchain technology.

Also read: Polkadot vs Cardano | Compare Ecosystems, Features, Prices

6. Practice by coding

Practice is essential if you want to master blockchain technology. There are several ways you can go about it. Download and use wallets and dApps to understand how they work. It will help you more about smart contracts, data recording, and transactions. Learn hands-on and interact with the system.

Practice core programming languages like C++, Python, and JavaScript used extensively on the blockchain. If you want to practice Chaincode and Viper used in smart contracts. Certifications are an excellent way to upskill and improve your market value.

7. Join blockchain developer communities

The blockchain industry is developing quickly. It is important to stay abreast of the latest developments in the field. Blockchain developers join a developer community to learn, ask for help if required, and network. The blockchain developer communities are tightly-knit. Some of the best blockchain developer communities are –

IEEE Blockchain community is one of the best blockchain developer communities. It is a forum where developers discuss various topics and brainstorm on new applications of blockchain technology. You get access to newsletters, publications, and the IEEE portal. 

• It is a subscription-based community. 
• ETHSecurity is an open and collaborative community to educate developers on the best practices for Ethereum security.
• Solidified is a community of blockchain security experts and smart contract auditors. They specialize in areas like bugging programs and smart contract audits.
• CryptoDevHub Discord is a community for people working in the web3, blockchain, and crypto space. 
• CryptoTechnology Subreddit is a community for people interested in blockchain and crypto technologies.

Also read: Why are NFT Gas fees so high? | Deep dive into gas fees

8. Read blockchain development blogs

The internet has become a great source of information. Blogs and websites are an excellent source of knowledge and can help you navigate roadblocks you are likely to encounter while working. Blogs help you stay abreast of the latest news in the blockchain and cryptocurrency world.

• BTC Wires is an online media agency providing the latest news in blockchain and cryptos.
• IBM Blockchain blog hosts news, interviews, stories, and opinions of the 
• blockchain community.
• CoinDesk is one of the most popular blockchain blogs in the world.
• CoinTelegraph covers fintech, blockchain, and Bitcoin.

Conclusion

Becoming a blockchain developer is not difficult. You should start by concentrating on getting the required soft and hard skills to excel in this industry. Some certifications and courses can help you gain practical experience and work on real-world projects. Several blockchain projects are open-source follow them, examine the code and try to contribute so you can learn more about the technology.