Oyi OKEx: NFT fire out of the circle, ordinary people how to participate in the investment?

Original source: OE OKEx

In recent times,NFTFire out of the ring.

3month6According to,BBCReports,TwitterFounder Jack Dorsey tweeted his first ever tweetNFTSold in the form of five words --"just setting up my twttr", the auction price is high250Thousands of dollars.

Not long after that, the famous crypto artistBeepletheNFT"Everydays:The First 5000 Days"Near Christie's6935$10,000 for sale; teslaCEOMusk plans to4.2Million piecesDOGEThe sale of itsNFTMusical works.

NFT: Everydays: The First 5000 Days

NFTThe hot trading market brought alongNFTThe rise of concept coins,ENJ,CHZAnd other tokens in the recent emergence of varying degrees of inflation. At the same time,"NFTSearches for "Google" hit an all-time high.

Unfortunately,NFTThe hot with mostinvestmentIt doesn't matter becauseNFTThe track is relatively new and most people don't know about it yetNFTWhat for, let alone how to participateNFTInvestment.

In short,NFTIt is also a digital asset, but unlike Bitcoin and Ethereum, it is unique and cannot be replaced. For the most partNFTBased on EthereumERC-721andERC-1155Standard issues, which have also emerged recentlyFlowEtc.NFTThe male chainTo focus onNFTIssuing and circulating assets.

How exactly do you get involvedNFTThe feast? This paper carded the main ways for your reference.

1.investmentNFTTokens,

For novice players, buyNFTConcept coins are the simplest way to invest.

According to theCoinGeckoStatistics, as of3month17Day, a total of more than100aNTFThe total market value of these tokens is close to76$,24Hourly turnover up to28.1Million dollars.

Source: CoinGecko

From a segmented perspective, these projects cover infrastructure,developersTools, comprehensive trading platform, Chaoplay collection,The game, domain name, social,NFT+DeFiAnd so on, showing the situation of a hundred schools of thought contending.

It's important to note that these tokens are not really tokensNFTAssets, butNFTProject governance token or function token, similar toDeFiThe token issued by the app.

ifNFTContinued hot, these projects are running well, the price of the relevant tokens is expected to rise. On the other hand, ifNFTWhen the heat is gone, the price of the currency will inevitably fall.

At this stage, investors can mainly buy through two channelsNFTConcept of currency:

One is the easyOKExSuch as centralizedexchange(CEX).NFTAfter becoming popular, the exchange to accelerate the pace of the currency, at every turn several times the opening increase to the secondary market trading extremely active. The advantage for investors to choose this channel is that the threshold of participation and handling charges are relatively low.

The second isUniswap,SushiSwapEtc decentralized exchanges (DEX).Since there is no coin fee,DEXHas become the first position of many emerging projects, investors can take the lead in this chip. But most of themDEXDeploying on Ethereum, users face network congestion while participating in on-chain transactions,GasHigh cost and other problems, the entry threshold is higher.

In addition to trading in the secondary market, investors can participate if they have the opportunityNFTThe operation method for the initial private placement or public sale of the project is the same as that for other blockchain projects.

Interestingly, some projects have already been launchedINO(Initial NFT Offering),INOAnd various other typesIXOSimilar, for distributionNFTAnd raise money at the same time. But the model is still in its early stages and investors need to guard against risks.

2.buyNFT

Compared to buyingNFTConcept coins, which investors buy on the exchange marketNFTRelatively complex.

For the most part,NFTThe marketplace is built on the Ethereum network, but there are also exchanges such asNBA TOP SHOTWait for the application to be deployed inFLOWAnd other emerging public chain, the operation steps are roughly similar.

In this paperOpenSeaFor example, how do investors own their ownNFT.

At present,OpenSeaIs the largest on the Ethereum networkNFTA marketplace where investors can trade digital art, crypto collectibles, game items, and others built on the Ethereum network onlineERC-721andERC-1155Standard tokens. The specific steps are as follows:

(1Installed)MetaMaskThe wallet

accesshttps://metamask.io/downloadMetamask(Need to beScientific Internet), according to the prompts to create an account, remember the login password and mnemonic words, etc., make a backup.

It should be noted that users need to pay a certain amount when they purchase NFT from OpenSeaETHAs a handling fee, MetaMask should be charged with enough ETH in advance.

At presentOpenSeaIn addition to the supportETHPay outside, also supportWETH,BAT,DAI,LINKSuch tokens as players can be based onNFTAll requests to go aheadMetaMaskTop up your wallet.

(2) bindingOpenSea

accessOpenseawebsitehttps://opensea.io/, click the icon on the upper right corner and connect according to the promptsMetamaskThe wallet.

After connecting MetaMask, click the gear icon "Account Settings" in the upper right corner to enter the Setting page, bind the mailbox and set the user name, and click "Save" to confirm the email in the mailbox.

(3)The choose and buyNFT

Click on theOpenSea"Browse" at the top of official website (Browse) is available for purchaseNFT. In the purchase page, you can browse what you want to buyNFT, can also be accessed through the"Status"(NFTThe state of (Collections"(collection) or a category filter at the top of the pageNFT.

(4) purchase transaction

Choose the one you likeNFTAnd then click [BUY NOWConfirm the transaction in your wallet.

If you want to participate in the bidding of this NFT, you can click the "Make Offer" below to initiate the bidding and input the bidding amount. At this time, we need to first convert ETH to WETH to perfect the auction information and confirm it. At the end of the auction, if you make the highest bid, you will receive the item directly in your wallet.

The sale phase is similar to the purchase phase, when the player is about to hand over the gameNFTTo sell, click [SELL], just follow the relevant instructions.

It is important to note that although the currentNFTHot, but with encryptioncurrencyBy contrast, mostNFTThe liquidity is low. That is, if you want to get your hands on it at the expected priceNFTIt may take weeks or even months to sell.

3.creationNFT

If you want to participateNFTCreation can be prepared in advance to require tokenization of media files currentlyNFTSupport for multiple formats, such as visual files (JPG,PNG,GIFEtc.), music files (MP3Etc.),3DFile (GLBEtc.) etc.

Visit OpenSea, Rarible and other NFT casting platforms, connect the wallet, upload the media file according to the prompts, set the number of NFT, work description, royalty ratio and so on to complete the creation of NFT.

When selling NFT, find your work, click [Sell] and confirm the transaction in your wallet.

The current Ethereum networkGasCost is high,NFTThe creation process will face the casting cost is too high, the need for comprehensive evaluation of players.

4.Trading tweetsNFT

3month5Day,TwitterFounder Jack Dorsey announced a new app on TwitterValuables, which supports casting tweets intoNFT, allowing users to payETHMake a purchase. Since then, a number of high-profile figures, including Musk, have joined the tweetNFTCasting and auction.

In fact, ordinary people can get involved too. Here are the steps:

(1)accessValuablesWeb sitehttps://v.cent.co/, bind your ownMetaMaskWallet and Twitter account.

(2)Find a previously posted tweet, copy the link and paste to itValuablesThe website"paste tweet URL], click [on the pop-up page]Tweet it】-【Reply", at which point interested fans can bid directly via your tweet, with a minimum bid price of1The dollar.

(3) When someone buys your tweets NFT, you need to return Valuables and enter the Profile page from the menu at the top right, click "Accept Offer" and confirm in the MetaMask wallet.

(4)If you want to buy another user's tweetsNFT, can be inValuablesFind and bid. If your bid is not approved, you can cancel the bid and submit it at24Refund will be received hours later.

5. Defi Fluid Mining

In order for more users to ownNFTFor the time beingDeFiThe project will flow mining withNFTReward combination. Users who pledge or lend crypto assets can obtain the correspondingNFTIncentives.

In order toAavegotchiFor example, users can obtain small ghost images by mortgaging ATokens (equity tokens on AOVE), each of which is an NFT token.

6.The other way

At the moment, the big centralised exchanges are actively laying outNFT, in addition to the onlineNFTIn addition to concept coins, they will also borrowNFTMarketing, such as OECOKExPreviously on lineFLOWSend out during1000zhangNBA Top ShotStar card, single card value500-1800.The dollar.

The threshold for participation in such activities is generally relatively low, including recharge, trading, etc. Interested partners can pay more attention to the announcements of major exchanges.

Finally, I want to remind you,NFTThe track is hot and the future is worth looking forward to, but it's still in its early stages, for the most partNFTThe flow of the work is poor. In addition, certain projects or individuals may borrowNFTNominal hype, increased objectivelyNFTThe investment risk of the market, we suggest a comprehensive understandingNFTThen make relevant decisions to avoid unnecessary losses.

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