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Established synth-pop musician Grimes made her NFT debut in February 2021, in collaboration with her brother Mac Boucher. It consisted of one-of-a-kind works and pieces with thousands of duplicates. We begin by asking what gives an NFT value in the first place. As is common across all assets, scarcity is an important factor. Yet, almost every NFT is limited in supply — and this alone does not elevate a collection’s average price.

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When someone opens your collection, they’ll see the floor price, Country Manager Job Description how many items there are, and how many owners. Also, you can check the total volume traded for each collection. There are plenty of different file formats that are supported on the OpenSea. It doesn’t matter if you are a digital drawing artist, photographer, doing video animations, or recording videos, OpenSea got you covered. Lazy minting allows you to post your NFTs on the OpenSea marketplace without paying any fees. All of the minting fees will be paid by the buyer once he finishes the NFT purchase.

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The project needs to introduce utility for one informative post of the assets from the CyberKongz universe and/or $BANANA. The astonishing price floor has since led to record purchases and a sudden desire to own an ape before the price becomes unobtainable for NFT owners. The token also unlocks exclusive channels in the CyberKongz Discord server – an added bonus for those who are keen to participate in the CyberKongz community and flex their Genesis status. Users can either sell their $BANANA tokens or use them to rename their Kongz or alter their Kongz’ biography. This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet.

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We’ve purchased three plots of land , we’re going to have a sort of Neo Konz City, which is a sort of futuristic cityscape, for our community and our avatars to use. So within that, we’re trying to push the boundaries of what we can do within the sandbox. But the news hasn’t been all bad this week for the wildly creative NFT space which keeps attracting new faces — which is a good thing for representation and the mainstreaming of crypto and NFTs. We partied IRL, welcomed in new Kongz from around the world, came together to solve a puzzle for a lucrative project mint, and so much more.

If your device outputs a format that’s not supported on the NFT marketplaces, you’ll have to convert it. There are a plenty of free and paid tools on the web to do such thing. Whatever tool you choose, make sure that quality loss is as minimal as possible. To conclude, you have to check the supported video formats in the documentation of the NFT marketplace you have chosen. The good thing is that you can almost always convert the video formats to fit the one that’s required.

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As previously mentioned, infinite total supply is preferred by those of you who don’t like to have their NFTs sitting inside of a digital wallet. Most usually, these types of NFT owners are gamers, and let us tell you why. Price – It’s both a pros and cons, depending from which perspective you look at it.