The platform is exclusive and collects artwork from some of the most popular NFT artists and from traditional artists who want to enter the NFT world. The two 1155 standards differ from the original 721 standards in that they allow multiple NFTs to be bundled and transacted together. As the cryptocurrency space continues to grow, so does the market for non-fungible tokens, better known as NFTs. NFTs are digital collectibles that are unique, and cannot be exchanged for another token as can other cryptocurrencies.
Some NFTs, for example, are digital works of art, and people are collecting these digital works of art, just as collectors have been collecting physical paintings for years. One of the first NFT series to gain traction with the general public, NBA Top Shot, is a set of digital trading cards featuring NBA highlights. But we've seen big brands and celebrities like Marvel and Wayne Gretzky launch their own NFTs, which seem to be aimed at more traditional collectors, rather than crypto-enthusiasts. With a strong focus on digital art, this is a market that avoids the crazier aspects of the NFT world, so you won't find fancy avatars or cute monsters here.
NFTs can function like any other speculative asset, where you buy it and hope that its value will rise one day, so that you can sell it for a profit. With a strong focus on digital art, this is a market that avoids the more extravagant aspects of the NFT world, so you won't find fancy avatars or cute monsters here. NFTs can be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but much of the current excitement is about using technology to sell digital art. SuperRare is an NFT marketplace where unique, limited edition digital artworks can be bought and sold.
Dapper Labs, an early player in the NFT space, is known for its blockchain-based games such as Cryptokitties, NBA Top Shot and Cheeze Wizards. You can copy a digital file as many times as you want, including the artwork included with an NFT. The Rarible platform makes it simple to create NFTs, but there is a mintage fee, and as it is an Ethereum-based NFT marketplace, the gas rate on a busy day can be high. Creators often select an NFT market based on whether that market supports a specific NFC token standard.