6 Ways That NFT Marketplaces Make Money

6 Ways That NFT Marketplaces Make Money

NFTs are a new product that can be sold and traded in marketplaces that have exploded in popularity recently. But how do NFTs make money? How do NFT marketplaces make money? How and why are NFTs so popular, and what is an NFT?  These are all commonly asked...
Why Can’t You Just Screenshot an NFT?

Why Can’t You Just Screenshot an NFT?

NFTs (or non-fungible tokens) have recently been the center of discussion for many people. Creators can “mint” digital art, memes, Tweets, and collectibles into NFTs, which then gives each minted piece, otherwise known as a token, its unique signature (or...
This is How the CryptoPunk NFTs Are Created

This is How the CryptoPunk NFTs Are Created

CryptoPunks are considered to be the beginning of the NFT movement. While they were originally given away for free, some punks are now worth over a million dollars! But how did the CryptoPunk venture begin? CryptoPunks were first created in 2017 at Larva Labs. They...
How Long Do NFT Auctions Last? It Depends.

How Long Do NFT Auctions Last? It Depends.

NFT auctions are the most popular way to buy and sell NFTs on the online market today. During these events, the seller sets the starting price and time frame for the sale. Then, interested buyers place bids until a winner is chosen. How long this will take largely...
Why Are Some NFTs Free on OpenSea?

Why Are Some NFTs Free on OpenSea?

OpenSea is one the most popular sites on the Ethereum blockchain for buying and selling NFTs. They currently boast over 1 million active users and over 80 million NFTs to browse through. According to their site, there is something for everyone, including art, music,...