NFTs

Ensuring the Security of NFT Transactions The non-fungible token (NFT) market is an ever-evolving landscape filled with unique digital assets. It brings in a fresh perspective to the trading and investment sphere, with a lot of lucrative opportunities for wealth creation. However, with every new venture comes a new set of risks. Ensuring the security …

Understanding Royalties in NFT Sales What are Royalties in NFT sales? In the context of Non-Fungible Tokens (NFTs), royalties refer to an automatic percentage fee levied on every subsequent sale of an NFT. As an inherent feature of blockchain-based technology, these royalties go directly to the original artist or creator of the NFT, enabling them …

Understanding the Difference Between a Fixed Price and an Auction for NFTs The world of non-fungible tokens, or NFTs, has sparked a new age revolution in the exchange and ownership of unique digital assets. However, in order to participate in this rapidly evolving blockchain market, it’s crucial to have a deep understanding of the trading …

Understanding Cancel or Reverse an NFT Transaction In today’s world of technology and globalization, Non-Fungible Tokens, or NFTs, have become a hot topic. They represent a unique asset or entity on a blockchain, often associated with digital art, real-estate, or other assets. However, with this new technology comes a lot of uncertainty, particularly around the …

Understanding the Process of Bidding on an NFT Introduction In the world of digital asset trading, the prominence of Non-Fungible Tokens (NFTs) has been on a rapid stride. These unique tokens have transformed the way we purchase, sell, and perceive digital and real-world assets. One of the widespread practices in the NFT marketplace is bidding, …

Understanding Gas Fees and its Impact on NFT Transactions What are Gas Fees? In the context of the Ethereum blockchain, gas fees are the transaction costs that participants must pay to execute operations such as smart contracts, token transfers, and other interactions with the Ethereum network like NFT (Non-Fungible Token) transactions. The term “gas” in …