7 Things You Should Know About NFTs

Binance Academy · 2022-11-05T01:43:01.000Z

TL;DR NFTs are tokenized, collectible items valued for their uniqueness and rarity, popular on BNB Chain and Ethereum. The value of NFTs relies on their authenticity and scarcity, so it can be helpful to take a closer look at the token on a blockchain explorer. NFTs have more use cases than just crypto art, and BNB Chain now has an innovative non-fungible token ecosystem. Due to the recent popularity of NFTs in the news and huge selling prices, it’s easy to see similarities with the 2017 ICO craze. But the two are, in fact, very different things. To understand more, we cover the basics of NFTs based on common misconceptions and frequently asked questions. Introduction When it comes to non-fungible tokens (NFTs), art and collectibles are never too far behind. These unique tokens are making waves with huge sales of graphic designers and visual artists. Artist Beeple is one of the most popular examples. His NFT called "Everydays - The First 5000 Days" was auctioned for roughly $69 million. NFTs are hugely popular, but the topic goes much deeper than just newspaper headlines. Understanding and exploring the world of NFTs is the next step to take if you want to dig a bit deeper. There are many places to find them, use cases to look at, and even misconceptions to clear up. What is an NFT? An NFT is a cryptoasset representing something unique and collectible using blockchain technology. The NFT could be in demand because it has been created by a famous artist or composed by a world-class musician. The token could also be helpful in a game or wanted to complete a collection. You may have already heard of NBA Top Shot, a digital collectible basketball card game. The cards work just like physical trading cards do, but their authenticity is guaranteed through blockchain technology. Some cards are rarer than others, and each has a different value. Simply put, a non-fungible token cannot be faked or copied. If we look at the definition of fungibility, we can learn a bit more about what makes an NFT special: Fungibility is an asset’s ability to be interchangeable with assets of the same type. One bitcoin is equal and tradeable for another bitcoin. A #1/99 Keldon Johnson Holo Icon Top Shot card, on the other hand, is not interchangeable as only one exists. What can I do with an NFT? Are they tradeable? NFTs come in all shapes, sizes, and even use cases. Purely collectible digital art NFTs are pretty limited in what you can do with them. You can trade them, of course, but an NFT of a photo isn’t much different from a regular print in terms of utility. Still, some NFTs have actual uses in games, like the famous CryptoKitties on the Ethereum blockchain. In this case, a collectible cat can breed to pass its traits down onto new cats. NFTs are commonly used by financial platforms too. There is a massive market for PancakeSwap’s NFTs that are artistic and convertible into cryptocurrency. This unique combination means that people can speculate on the future price of the cashable amount. These NFTs all have in common the ability to trade them for different digital assets. This means you can buy or sell NFTs using ETH, BNB or other cryptocurrencies. Still, each piece of NFT is unique (i.e., they are not interchangeable). How is the rarity and value of an NFT determined? Determining how much an NFT is worth depends on what it represents. When it comes to crypto art, it’s quite similar to any other kind of art. We need to think about who created it, the artistic value of the piece, and how in-demand it might be from other collectors. If an NFT is part of a limited run or series, specific numbers are often more valuable than others. We usually see #1 as desirable and other numbers people find collectible like #13 or #7. Value and rarity depend on a combination of factors, like the ones mentioned above. You can see from these Top Shot NFTs how their ranking affects the price. For game-based NFTs, there may be financial benefits from specific NFT items or creatures. If they provide you with an extra $100 in staking rewards, then it’s going to be worth at least $100 without taking into account its artistic value. PancakeSwap’s NFTs are slightly different. Some of their tokens can be converted into CAKE - the platform’s cryptocurrency. So if, for example, your cuddly rabbit can give you 10 CAKE and the price of CAKE is $20 (USD) per token, then your NFT is worth at least $200. Where can I find NFTs? If you want to explore NFTs on offer, there are a few different places to start looking. NFT marketplaces have a variety of non-fungible tokens on sale, from both famous artists and amateurs. There are loads out there to choose from, but some of the biggest are OpenSea for Ethereum-based NFTs and Treasureland or BakerySwap for BNB Chain-based NFTs. The number of marketplaces keeps growing, and some are more specialized than others. If you are interested in buying something from a famous artist, make sure to check and see how genuine the marketplace is. You can also find NFTs by playing blockchain games or participating in decentralized finance (DeFi) projects. What are the main NFT projects on BNB Chain? BNB Chain benefits from a healthy NFT community on the blockchain, and it’s not all art and marketplaces either. There are NFT games and even collectibles with staking or financial benefits. As mentioned before, BakerySwap and Treasureland are two of the largest NFT exchanges. BakerySwap also allows you to create NFTs quickly and for a reasonable price. When it comes to the art and creative side of NFTs, these are great places to start. There are also blockchain games like Battle Pets and DeFi protocols experimenting with NFTs in more financial ways. PancakeSwap takes the number one spot for traded NFTs on Treasureland, making it a massive project for NFT usage. You can find out more info on these NFT projects by following the link. Are NFTs the new ICO? In short, no. While there are some slight similarities in the money NFTs raise and their recent hype and popularity, that is as far as it goes. An initial coin offering (ICO) is a method used for project fundraising by selling project tokens. It rose to popularity around 2017 and became infamous for the number of scams and failed projects taking part. It’s easy to see why some people might get the idea that NFTs are similar to ICOs. Recently these digital collectibles have sold for millions of dollars. They are also all over the news and seen as an opportunity to make some “easy money” with crypto. These two points are where the similarities between the two end. Still, it’s crucial that you do your own research before risking your funds because not all projects are legit. How do you verify the authenticity of an NFT? Proving that your NFT is legitimate can be a bit tricky, depending on what you’re looking for. No doubt people are uploading other artist’s work and pretending to be them. In this case, you would have to get in touch with the artist to confirm they are selling NFTs of their work. An NFT’s creator should supply you with some kind of identifier for you to check. Most of the work will involve looking at your NFT on a blockchain explorer such as BscScan. When it comes to blockchain, we take a “don’t trust, verify” approach. Helpful information could include the minting date and the wallet address that minted the NFT. You could also use the transaction history ID to see if your NFT matches up. This method is better than just checking the image or file associated with your collectible. If we look at the digital artist Beeple’s recent sale, Christie’s has given the token ID, token contract, and wallet address for validation. There is sometimes a URL to the file or an IPFS link to verify its underlying content. Both, however, can be used by someone else when creating a fake token. In most cases, you’re best off checking with the creator first. Closing thoughts When it comes to NFTs, new use cases and developments are constantly coming out. It’s easy to forget that the technology is as recent as 2017 and still in its infancy. Before you start investing money into these tokens, make sure you understand precisely what you’re getting into and how to use them. It’s easy to just think of NFTs as art, but there is a whole world of projects using them in different ways.

长话短说
NFT 是代币化的收藏品，因其独特性和稀有性而具有价值，在 BNB 链和以太坊上很受欢迎。 NFT 的价值取决于其真实性和稀缺性，因此在区块链浏览器上仔细查看该代币可能会有所帮助。
NFT 不仅仅有加密艺术，还有更多的用例，BNB 链现在拥有一个创新的不可替代的代币生态系统。由于最近 NFT 的新闻报道和巨大的售价，很容易看出与 2017 年 ICO 热潮的相似之处。但事实上，两者是非常不同的事情。
为了了解更多信息，我们根据常见误解和常见问题介绍了 NFT 的基础知识。

介绍说到不可替代代币（NFT），艺术品和收藏品永远不会落后太多。这些独特的代币在平面设计师和视觉艺术家的巨大销售中掀起了波澜。艺术家 Beeple 是最受欢迎的例子之一。他的 NFT 名为“Everydays - The First 5000 Days”，拍卖价格约为 6900 万美元。
NFTs are hugely popular, but the topic goes much deeper than just newspaper headlines. Understanding and exploring the world of NFTs is the next step to take if you want to dig a bit deeper. There are many places to find them, use cases to look at, and even misconceptions to clear up.

什么是 NFT？NFT 是一种加密资产，代表使用区块链技术的独特且可收藏的东西。 NFT 可能会受到需求，因为它是由著名艺术家创作或由世界级音乐家创作的。该令牌也可能对游戏有帮助或想要完成收藏。
您可能已经听说过《NBA Top Shot》，这是一款数字篮球卡牌收藏游戏。这些卡的工作原理与实体交易卡一样，但其真实性通过区块链技术得到保证。有些卡牌比其他卡牌更稀有，并且每张卡牌都有不同的价值。
简而言之，不可替代的代币不能被伪造或复制。如果我们看一下可替代性的定义，我们可以更多地了解 NFT 的特殊之处：
可互换性是指资产与同类资产可互换的能力。
一枚比特币与另一枚比特币是平等且可交易的。另一方面，#1/99 Keldon Johnson Holo Icon Top Shot 卡不可互换，因为只有一张存在。

我可以用 NFT 做什么？它们可以交易吗？NFT 有各种形状、大小，甚至用例。纯粹具有收藏价值的数字艺术 NFT 的用途非常有限。当然，你可以交易它们，但照片的 NFT 在实用性方面与普通照片没有太大区别。
尽管如此，一些 NFT 在游戏中仍有实际用途，例如以太坊区块链上著名的 CryptoKitties。在这种情况下，收藏猫可以繁殖，将其特征传递给新猫。

NFT 也常被金融平台使用。 PancakeSwap 的 NFT 具有艺术性且可兑换成加密货币，因此有着巨大的市场。这种独特的组合意味着人们可以推测可兑现金额的未来价格。
These NFTs all have in common the ability to trade them for different digital assets. This means you can buy or sell NFTs using ETH, BNB or other cryptocurrencies. Still, each piece of NFT is unique (i.e., they are not interchangeable).

NFT 的稀有度和价值是如何确定的？确定 NFT 的价值取决于它所代表的内容。当谈到加密艺术时，它与任何其他类型的艺术非常相似。我们需要考虑它的创作者、艺术价值以及其他收藏家对它的需求程度。
如果 NFT 是限量发行或系列的一部分，则特定数字通常比其他数字更有价值。我们通常认#1是理想的，而其他数字则人们认为具有收藏价值，例#13或#7。价值和稀有性取决于多种因素的组合，例如上面提到的因素。您可以从这些 Top Shot NFT 中看到它们的排名如何影响价格。

对于基于游戏的 NFT，特定的 NFT 物品或生物可能会带来经济利益。如果他们为你提供额外 100 美元的质押奖励，那么在不考虑其艺术价值的情况下，它至少价值 100 美元。
PancakeSwap 的 NFT 略有不同。他们的一些代币可以转换成 CAKE——该平台的加密货币。因此，举例来说，如果你可爱的兔子可以给你 10 个 CAKE，而 CAKE 的价格为每个代币 20 美元（美元），那么你的 NFT 至少价值 200 美元。


我在哪里可以找到 NFT？如果您想探索现有的 NFT，可以从几个不同的地方开始寻找。 NFT 市场上出售各种不可替代的代币，其中既有著名艺术家，也有业余爱好者。有很多负载可供选择，但其中最大的一些是基于以太坊的 NFT 的 OpenSea 和基于 BNB 链的 NFT 的 Treasureland 或 BakerySwap。

市场的数量不断增长，其中一些比其他市场更加专业。如果您有兴趣购买著名艺术家的作品，请务必检查市场的真实性。您还可以通过玩区块链游戏或参与去中心化金融（DeFi）项目来找到NFT。

BNB链上主要的NFT项目有哪些？BNB Chain 受益于区块链上健康的 NFT 社区，而且也不全是艺术和市场。有 NFT 游戏，甚至具有质押或经济利益的收藏品。
如前所述，BakerySwap 和 Treasureland 是最大的两家 NFT 交易所。 BakerySwap 还允许您以合理的价格快速创建 NFT。当谈到 NFT 的艺术和创意方面时，这些都是很好的起点。
还有像 Battle Pets 和 DeFi 协议这样的区块链游戏以更金融的方式尝试 NFT。 PancakeSwap 占据 Treasureland 交易 NFT 的第一名，使其成为 NFT 使用的大型项目。您可以通过以下链接了解有关这些 NFT 项目的更多信息。

NFT 是新的 ICO 吗？简而言之，不。虽然 NFT 筹集的资金与其最近的炒作和受欢迎程度有一些细微的相似之处，但也仅此而已。首次代币发行（ICO）是一种通过出售项目代币来筹集项目资金的方法。它在 2017 年左右开始流行，并因参与的诈骗和失败项目的数量而臭名昭著。
It’s easy to see why some people might get the idea that NFTs are similar to ICOs. Recently these digital collectibles have sold for millions of dollars. They are also all over the news and seen as an opportunity to make some “easy money” with crypto. These two points are where the similarities between the two end. Still, it’s crucial that you do your own research before risking your funds because not all projects are legit.

如何验证 NFT 的真实性？证明您的 NFT 合法可能有点棘手，具体取决于您要寻找的内容。毫无疑问，人们会上传其他艺术家的作品并冒充他们。在这种情况下，您必须与艺术家联系，以确认他们正在出售其作品的 NFT。
NFT 的创建者应该向您提供某种标识符供您检查。大部分工作将涉及在 BscScan 等区块链浏览器上查看您的 NFT。当谈到区块链时，我们采取“不信任，验证”的方法。
有用的信息可能包括铸造日期和铸造 NFT 的钱包地址。您还可以使用交易历史 ID 来查看您的 NFT 是否匹配。此方法比仅检查与您的收藏品相关的图像或文件更好。如果我们看看数字艺术家 Beeple 最近的拍卖，佳士得已经给出了代币 ID、代币合约和钱包地址进行验证。

There is sometimes a URL to the file or an IPFS link to verify its underlying content. Both, however, can be used by someone else when creating a fake token. In most cases, you’re best off checking with the creator first.

结束语当谈到 NFT 时，新的用例和发展不断涌现。人们很容易忘记这项技术是 2017 年才出现的，而且仍处于起步阶段。在开始向这些代币投资之前，请确保您准确了解您要投资的内容以及如何使用它们。人们很容易将 NFT 视为艺术，但世界上有很多项目以不同的方式使用它们。