What are NFT’s? Why is everyone talking about them these days? Their initials are equivalent to Non-Fungible-Token, or Non-Fungible Token, and consist of representations of ownership of a given item. This can be a work of art, an antique object, a real estate or a pair of shoes. It can also be a tweet or a video game. Below we will tell you more about this peculiar trend, as well as the best options to use the NFT.

These are the best options for using NFT

In order to access the best options for using NFT, it is necessary to have a user account in the NFT market of your choice. It is also required to have a cryptocurrency wallet, which is compatible with the NFT blockchain. For example, if you’re going to use Ethereum’s NFT, you’ll need MetaMask. Similarly, the wallet must have cryptocurrencies inside it before buying NFT.

The process to create NFTs is very simple and is almost the same as using any current social network. Anyone who has access to a crypto wallet can create, sell and buy their own NFTs on the platforms available for this. Simply upload the content that will be represented by the NFT and make the connection between the cryptocurrency wallet.

Another characteristic of NFT is that they are finite and unique in character. Therefore, they are being widely used in the field of digital art and video games, since they represent a novel option to manage money. They also allow this to be exchanged safely. The user’s crypto wallet will “pay for the gas” and the cost of it will depend on the number of transactions that are within the blockchain. You can download your crypto wallet for NFTs as a browser extension or as an app.

The best platforms for NFT

There are several platforms where you can buy and sell your NFTs today. Once the wallet is set up, through the platform everything will be an easy task. As with selling cryptocurrencies, you’ll need to use reliable options to avoid scams and dark situations. Among the best options to use the NFT you can find:

• OpenSea

  It is a platform created in 2018, where more than 2 million daily transactions are registered and has more than 250 thousand users. You can find more than 20 million NFTs within this website, which is very easy to use. Simply connect your wallet, upload the file that will be represented by the NFT and enter a name. You do not require commissions to publish, but the platform will charge 2.5% in case you sell your NFT.

• Hic et Nunc

  It is a platform that has so far moved more than $25 million and operates within the Tezos blockchain. One of its main features is that it is very easy to use and has a minimalist design. It also allows you to create an NFT from $1, which does not happen with Ethereum, for example. It should be noted that this platform is associated with an environmentally friendly community, since it uses proof of participation instead of proof of work.

• SuperRare

  If you’re looking for one of the best options to use NFT as an artist, this is it. It is exclusively open to artists and you must fill out a contact form, where you must demonstrate the originality of your works. In the same way, you must make a video where between 3 to 5 previously made works and an argument about why this work should be on the platform.

• Mintable

  If you’re just starting out in the NFTs, this is a great option. The platform is constantly growing and the creation of its NFTs is quite simple. The biggest advantage is that you can choose the option of not paying for the gas to create your NFT, although this implies that they keep 5% of your sale.

The best NFT cryptocurrencies where you can invest

Among the best NFT projects today you can find FLOW. It consists of a blockchain specially designed for the games and applications of tomorrow. It is important to note that large companies and investors in the world are betting on this project, including Warner Music Group.

Another project, solely dedicated to video games is ENJ or Enjin. Its developers are designing a coin, hoping it will fully represent the industry in the not-so-distant future. The Enjin Coin token is developed within the Ethereum blockchain and is one of the first projects to test Raiden.

SandBox or SAND is another cryptocurrency that is being developed and that allows video game creators to monetize all its elements. It allows you to sell digital assets as games and make transactions as easy as possible.

But it’s not all about video games! If you are a more conventional consumer and like sports and entertainment, the best option is Chiliz (CHZ). In fact, in their own description they emphasize that they are focused on tokenizing sports. It is important to note that CHZ is one of the most active currencies in Binances currently.