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NFT stands for 'Non-Fungible Token'. It's a unique digital file that cannot be replaced. Essentially, an NFT is a certificate of ownership linked to a digital asset. This could be an original artwork, a photograph, a video or a document. Every one has its own attributes or edition number, and is impossible to forge or replicate. Every NFT you own is securely stored in a 'wallet': an online digital safe only you have access to. Their complete history, provenance and authenticity is recorded on a Blockchain, which can never be altered or broken. And they can be easily bought and sold online from anywhere in the world.

 

So how does this all relate to you? Because this technology is merging with the rare collectibles industry in a big way. In 2021 sales of NFTs hit a remarkable $25 billion. The world's most respected auction houses Christie's and Sotheby's are now conducting dedicated NFT art auctions. And although the NFT market began with contemporary digital artworks, the technology offers new possibilities in every category of collecting. It could be in the form of fractional ownership, which offers collectors of every level the chance to own the rarest historic items. It could bring you peace of mind that your collectibles are 100% genuine - without exception. And it could give you access to your collection from anywhere in the world...

 

The world's largest cryptocurrency marketplace Binance sums the current situation up nicely:. “The collectibles industry has been around for a long time, and items such as baseball cards, stamps, and sneakers have long held value to collectors all over the world. "But challenges like restricted access, the risk of forgery, and physical damage are common obstacles for many collectors. “With the help of blockchain technology and NFTs, many of these problems have been solved. "Moreover, as the technology behind NFTs continues to evolve, it may even completely change the way we collect valuable items in the future.”

Here are a few basics about Digital Collectibles you need to know
 

  • How can I forward a question ?
    Please contact us through the Chat System or contact us at Social Media's for further questions about Earthrise NFTs
  • Why NFT's change ownership and benefit for creators ?
    Web3 verbindet Creator und Fans 🤝
  • What “fungible” means ?
    A fungible object is something that can easily be replaced by something else of equal value. A $20 bill is fungible because you can trade it with a different $20 bill or a pair of $10 bills and all of them would have the same value. Naturally, non-fungible means that something cannot be replaced by something else of equal value. You can trade the Mona Lisa for Starry Night, but these two paintings don’t have equal value because they’re completely different items. Non-fungible tokens are like digital authenticity certificates that are created and recorded on a digital ledger called a blockchain. If anybody doubts the authenticity of an NFT, they can simply look up the blockchain infrastructure records and see whether the person really owns that NFT. Since there can be only one copy of any NFT in existence, this has made NFTs the best medium for digital collectibles. NFTs are most often traded on specialized NFT marketplaces like OpenSea and Rarible. These marketplaces host the work of artists for collectors to buy as well as facilitate second-hand trade between fellow NFT collectors. These NFTs are then stored in the user’s cryptocurrency wallets. These wallets are used to store crypto coins as well as any NFTs a person has collected. When most people think of NFTs, they think of static images like Bored Ape Yacht Club or CryptoPunks. However, NFTs are much more diverse than that. Any kind of digital asset can be turned into NFTs from images, GIFs, videos, music, and even screenshots of tweets. If you’re the copyright holder of the digital content, you can probably make it into an NFT. NFTs aren’t just limited to being used as digital collectibles, either. Recent developments in the field have led to many industries and companies using NFTs for other purposes like product authenticity certificates, event tickets, video game items, and even digital real estate.
  • What are NFTs ?
  • Sind NFTs eine Nische oder bereits am Kunstmarkt gehandelt ?
  • What are Royalties ?
    Royalties FirstEarthRise NFT holder don’t just get money from the initial sales – they also get money from royalties. When minting an NFT, we set a royalty percentage on secondary sales. This means that, for every time your NFT is sold in the secondary market, you’ll get a set amount of its transaction fees. For instance, let’s say you sold am FirstEarthRise NFT for 1 ETH with a royalty of 10%. For every time that piece is sold to another person, you’ll get 0.1 ETH. If your FirstEarthRise NFT is especially liquid and people love trading them, it can be a great source of passive income.
  • How Do You Decide What To Collect?
    Different people collect NFTs for different reasons. Let’s break down the four factors that contribute to why a person would buy an NFT piece: Aesthetic Appeal Since NFTs are art, they’re generally designed to appeal to people’s tastes and sense of beauty. These people may buy an NFT piece simply to have the piece in their collection and may not sell it again down the line. Emotional Factors Some people buy NFTs because it resonates with them. Perhaps they resonate with the message that the NFT piece is trying to convey or the buyer feels an emotional attachment to the piece. Social Reasons People love to meet with other like-minded people. Some people buy from a large NFT collection because they feel like they’re part of a larger community. Many projects encourage this by creating community Discord servers or social media accounts where fellow NFT holders can get to know each other. Financial Gain Many people buy NFTs simply because they can be sold for more money. These people tend to buy rare NFTs so they can hold onto them and sell them once the prices go up.
Astronaut

GLOSSAR 

Blockchain:
A digital 'ledger' which permanently stores and records information about an NFT, such as ownership and transaction history.

NFT: A unique digital asset which cannot be replaced or replicated.

TokenID: The unique identifier number of the NFT.


Cryptocurrency: An encrypted digital currency such as Bitcoin or Ethereum.

Wallet: A password-protected device or online platform in which NFTs and cryptocurrency is stored.

Discord: An instant messaging platform used by NFT collectors.

 

Drop: The initial release of an NFT onto the open market.

 

Minting: When an NFT is 'minted', it's published onto the blockchain for the first time.

Whitelist: An exclusive list of users with guaranteed early access to a new NFT collection

Opensea: The world's largest marketplace for NFTs and crypto collectibles.

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