How much do NFT cost

For instance, you want to get started with Metamask wallet. In that case, simply link your Metamask wallet to NFTically. You can begin by creating a Metamask account, after which you can easily link it to NFTically.

What is an NFT marketplace and How Do You Create Your Own?

What is an NFT marketplace and How Do You Create Your Own

Non-Fungible Token or NFT marketplace is such a marketplace that functions as a public Blockchain platform. However, this platform is gaining traction and driving developers and businesses to construct a marketplace, despite being in its nascent stage.

Online marketplaces for digital assets are the recent talk of the fintech town. But, of course, you have to build your own marketplace if you are planning to set foot in the digital market. The words cryptocurrency trading and blockchain technology are no longer unknown, and many people trade goods on several marketplaces.

If you want to learn how to create an NFT marketplace app like NFTically or OpenSea, then you are at the right place. Blockchain council has compiled all that is essential for setting up a marketplace like NFTically, just for you.

Using tools such as Moralis Speedy Nodes, the development process of how to build an NFT on Binance Smart Chain becomes quite easy, and we can deploy the contract in a quick and easy way. One of the many reasons for this is that the platform provides a fully managed backend infrastructure for all users. Furthermore, Moralis also offers other great tools such as native support for MetaMask and IPFS .

How to Create a Binance Smart Chain NFT in Less Than 20 Minutes

If you’re a returning reader here at the Moralis blog , you might have stumbled upon an article explaining how to create your own NFT . As such, you might already be familiar with the power of working with Moralis and its platform. The process of how to build an NFT on Binance Smart Chain is just as simple as if you’d like to do it on any other chain. However, to simplify the process even further, we are in this article going to break it down into four easy steps:

  1. Create a Moralis server.
  2. Make a new Moralis class and cloud function.
  3. Create an NFT minting smart contract .
  4. Compile and deploy the contract to the BSC blockchain.

With Moralis, we can accomplish this in a matter of minutes, and the process is quick and easy. Let’s start by taking a closer look at how you can set up your own Moralis server.

User items — Items a user owns, wants to sell, wants to buy, etc. Parameters to consider are:

Your users will want to search for, view, buy, and sell items. Let’s look at it from their point of view and consider the features necessary to provide them with an engaging marketplace experience.

This is the first thing your users will see and should lead them to the most relevant items. Depending on the type of marketplace you’re building, your homepage could contain:

  • Banners — New promo sales, collections, upcoming editions, etc.
  • Favorites — Suggestions to follow their favorite games, items, other users, based on their own interests and what you’d like them to engage with
  • Rankings — Top collectors, most popular items, most in-demand items, etc.
  • Updates — Important news, messages, updates, etc.
  • FAQ — Common questions and answers about your marketplace
  • Community section — Show how other collectors are doing, what they’re buying, what their achievements are. This could also be a good place to put other rankings (e.g. top 10 collectors, top 10 people who have completed a specific challenge, etc.) Also see “Gamification” below for more on rankings, sets, and achievements.
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Who is lilboatboy?
A renowned 24-year-old artist & sailor who has made the journey to many islands across the seven seas. Some say he resembles the young captain Jack Sparrow, with an affinity for ETH rather than rum.

Will there be a pre-sale?
Yes. We intend to do a limited presale where white-listed members will have several days to mint their islands to mitigate gas.

How do I become a pioneer?
Only the top most active members who spread the word and are active in the community will receive Pioneer status. If you are lucky, you might open a treasure chest in our giveaways that grants you Pioneer status.

Roadmap

Phase 1 - Launch

10%
Designing & Developing CryptoIsland
Ideating on the concept and visuals

20%
Continuing Designing & Developing CryptoIsland
The CryptoIsland Community is built – We've buried some treasure there. You might want to check it out
People can begin to join the Pioneer program and reap the rewards

30% - WE ARE HERE
We'll host a pre-sale that will allow the most near and privy beach bums to get access to explore their own island
We'll release our Islands to the world
Reveal Islands shortly later after minting drops

50%
Member-Exclusive Merch store unlocked, featuring Limited Edition tees, hoodies & hats
First NFT airdropped for Island explorers

70%
Game evolution is revealed
Treasure map containing the Island's secret treasure is unlocked, first 3 explorers to solve it win: $5,000

100%
Official CryptoIsland games are unlocked!

Phase 2 - Evolution
Coming Soon

This is all for the frontend, and the NFT game development process is quite straightforward with a basic knowledge of programming and JavaScript . This is the power of Moralis, and if you are interested, Moralis.io also provides great guides on creating ETH dApps and Polygon dApps . However, we are not completely done as we still need to develop the backend of our application.

How to Build an NFT Game – Backend

If you find the frontend of the application easy to develop, the backend is even more straightforward, thanks to Moralis. In the backend of our NFT game, we’ll find more of the game logic and a bunch of functions that the frontend calls when someone is playing the game. The first example here is a function for moving the avatars.

Move Function

Whenever a player tries to move their avatar by pressing their keyboard keys, the frontend calls this move function. This function receives the direction in which the avatar should move and then updates the state of the applications.

As you can see, the move function also calls the ”updateState” function. This function moves the avatar, and in this example, it moves the users five units in the direction that the player likes to go.

However, as you can see, there is also a comment that explains that we can add further logic here. As such, we can add items that the avatars can pick up or create boundaries/obstacles where the avatars can’t move. The server can check if there is something in the way of the direction in which the player moves and restrict the movement if necessary.

Persist State Function

Another function in this game is the ”persistState” function, and this is where the GameState is saved to the database of our server. This function looks like this:

Once the state is saved, every client will be updated with the new GameState, which is how the communication between the clients and server works in real-time. It is a neat and simple solution which only requires less than ten lines of code in combination with the subscription function in the frontend.

Ping Function

In the backend, we also have a ping function that simply checks when a user pings the server and then saves this to the state of the game.

Furthermore, we also use this function to fetch the SVG from the blockchain. The first thing we do here is query the users for their NFTs. Based on this information, we can acquire the user’s SVGs from the blockchain.

As you can see, the ping function code calls another function called ”getSVGString”, which is how we get the SVG from the blockchain. At first glance, this function can look quite scary since the ABI is pretty substantial. However, we can just copy and paste the ABI from the Aavegotchi contract.

That’s it; these are all the functions that we need to create our first NFT game. We have implemented everything from real-time updates to functions for checking with the server if a move is valid or not. It is not at all complicated, and with the right tools, we can make this game in a matter of minutes!

However, if you still have questions regarding the NFT game development process, we recommend watching the following video from the Moralis YouTube channel . In this tutorial, Ivan on Tech walks you through the complete process to explain more in-depth how the application actually works. Furthermore, towards the end, Ivan also provides some suggestions on how the app’s user experience can be improved.

Attacks in the crypto space are ongoing and continue to affect a number of projects and investors.

PYR price collapsed

Vulcan Forged says it is working to make amends for the stolen PYRs, but the first step is to find out what happened.

The PYR price is currently trading at $ 22.8, down more than 15% since the attack was announced and showing no signs of stopping.

Over $ 100 million in PYR stolen from Vulcan forged NFT market causing a drop in PYR price

PYR. Price chart | Source: Tradingview

Volcano forged already provided detailed information about the wallet addresses used in the attack and also contacted exchanges to blacklist those addresses and identify the hacker.

Vulcan Forged is a platform that allows users to create, trade, play games and even have a decentralized exchange (DEX) to trade the project’s PYR and LAVA tokens. It mainly focuses on the blockchain gaming ecosystem, which gained popularity that year when the play-to-earn (P2E) model exploded with the success of Axie Infinity and The Sandbox.

But we do have to make money to pay our team and keep this website running! Our partners compensate us. TheCollegeInvestor.com has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. The College Investor does not include all companies or offers available in the marketplace. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with).

Do You Need Separate Software To File Crypto Taxes?

The IRS treats cryptocurrency as property. Investors can make or lose money through trading or earn interest or staking rewards. Each type of income has different tax implications.

Unlike income paid in a fiat currency, the fair market value of crypto gains, losses, and income isn’t always easy to calculate. To do so, tax filers must look up the US Dollar to Token exchange rate at the time of token purchase or acquisition and the value at the time of the sale.

Doing this by hand for 1-2 transactions isn’t a huge deal. However, the more trades you conduct, the more likely that you're going to need software to help.

At this time, TurboTax Premier is the only major tax software that will calculate your tax liability on crypto. However, it can only do so for transactions that occurred on a few of the major exchanges. If you don’t trade on these exchanges, you must manually calculate the fair market value of your transactions.

Software designed specifically for crypto trading fills in these gaps. Crypto-specific accounting software has been available since 2017, but its importance has exploded in the last few years. Today, there are more than half a dozen reputable companies that can accurately calculate the taxes due based on your trade history.

In most cases, we recommend that crypto traders should use tax software to calculate their tax burden. Casual traders can even access this type of software for free.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

Frequently Asked Questions on NFTs

What are NFT tokens?

NFTs are digital representations of real-world assets. They offer the opportunity for people to buy and sell physical assets, no matter what they are. The uniqueness of an NFT is that it isn’t tradable for any other NFT. These tokens are unique, and they can’t be duplicated.

How do you create NFTs?

NFTs can be created in different ways. In fact, some NFT marketplaces allow their creators to mint NFTs, offering them tools to do so without knowing how to code.

What are the best NFT tokens?

There are several of the best NFT tokens available in the market. You can pick any, based on your preferences.

How do you buy NFT tokens?

You can buy NFT tokens on cryptocurrency exchanges or through the websites of their developers.

Where can I buy NFT art tokens?

NFT tokens are available on different marketplaces. Just make sure your chosen marketplace supports the token you’d like.

How do I invest in NFT tokens?

The process is simple. All you have to do is buy ETH and store it in an Ethereum wallet. Then, go to an NFT marketplace and connect your wallet to it. Once you find an NFT you like, you can pay for it easily.

Are NFT tokens a good investment?

NFT tokens can be a good investment. But, you need to ensure that the token is tied to a quality project with real value. This is how you identify a smart, long-term investment.

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.

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Alan Draper

Alan Draper September 15th, 2021
Matty @DCLBlogger

Where do I find these projects?

This is a common question and one that will continue to be asked the NFT space gains more traction. We had already seen a $1.5M sale for an NFT collectibles item (virtual land on Axie Infinity) less than 2 days ago. We’ve also noticed celebrities such as Lindsay Lohan, Soulja Boy and even Mark Cuban entering the space. Additionally, Crypto influencers such as Cobain openly mentioning NFTs will result in a massive influx of people very soon; we can shortly expect the mainstream to enter the industry. Projects will pop up every minute but to even find out about them, is like finding about an ICO early.

Following the right people on Twitter, being in the right discords, talking to experts in the industry and even following notable addresses on etherscan. I always speak about future projects that are coming up on my Twitter and provide reasons why I think they are likely to pop-off.

There is no proven method or guidebook you can use to find all the best NFT projects and this will forever be a difficult thing to do. Every recommendation is bound to be biased in some sort of way so If you fail to diversify your sources of information, it may lead you away from certain projects just due to your lack of exposure. DO YOUR OWN RESEARCH. My own personal method of looking for good NFT projects will be on my discord soon if people really want a starting point. The main thing would be to create a social profile, lurk in Clubhouse, join the discords for top/og projects and follow the big NFT influencers/collectors. Many projects can simply be found by following wallets for top NFT holders; etherscan makes it extremely convenient to track ERC-721 tokens.

Take your own path. Discover the projects and then research to find a long-term project, to find a short-term one that will grant you financial freedom, to find something innovative, or whatever you would like.

More importantly, create projects if you want to be involved in the space. Become a *curator.

Twitter avatar for @LoopifyyyLoopify @Loopifyyy

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