{"id":725,"date":"2022-12-25T15:06:04","date_gmt":"2022-12-25T15:06:04","guid":{"rendered":"http:\/\/78.47.81.216\/?p=725"},"modified":"2023-02-28T14:26:02","modified_gmt":"2023-02-28T14:26:02","slug":"how-to-find-nft-projects-early","status":"publish","type":"post","link":"https:\/\/blog.ag.qubiq.cc\/?p=725","title":{"rendered":"How to find NFT projects early"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/The_best_ways_to_find_NFT_tips_for_beginners_and_advanced_users-1024x576.jpg\" alt=\"\" class=\"wp-image-727\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/The_best_ways_to_find_NFT_tips_for_beginners_and_advanced_users-1024x576.jpg 1024w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/The_best_ways_to_find_NFT_tips_for_beginners_and_advanced_users-300x169.jpg 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/The_best_ways_to_find_NFT_tips_for_beginners_and_advanced_users-768x432.jpg 768w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/The_best_ways_to_find_NFT_tips_for_beginners_and_advanced_users.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Today <strong>NFT projects<\/strong> appear on the market every day, and no one is surprised. Sometimes you can get lost in the variety of options. However, not every <strong>new NFT project<\/strong> can stay afloat and bring investors profit in the future. Of course, it&#8217;s hard to believe now, but blue chips also started out as startups, and now their owners are incredibly happy people. There is absolutely no need to regret the lost profits because there are many <strong>upcoming NFTs<\/strong>, from which you can make a profit in the future. You just need to learn how to look for it correctly. If you want to learn even more about NFTs &#8211; check out <a href=\"https:\/\/blog.alphaguilty.io\/ultimate-nft-guide-all-you-need-to-know-about-nft\">this ultimate guide<\/a> to them by our CEO, Mykhailo Sitalo!<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"640\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/image-9.png\" alt=\"\" class=\"wp-image-726\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-9.png 960w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-9-300x200.png 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-9-768x512.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Today we will provide you with valuable advice on finding <strong>NFT projects early<\/strong> and how to properly evaluate them. If you&#8217;re new to the <strong>NFTs <\/strong>field, we&#8217;ll make your journey into this world even more exciting and help you understand the basics. Experienced crypto enthusiasts will also find great tips here.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What makes an <strong>NFT project<\/strong> successful?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Even browsing through the many <strong>places to find hidden-gem NFT<\/strong>, you will not be able to spot a promising option if you do not know how to search. Here is a list of points you should pay attention to first of all when looking for another <strong>new NFT project:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>First of all, the collection should be one of the most complex in terms of <strong>rarity <\/strong>(percent of unique images). The more different properties a character has, the better (or there should be several characters in the collection). Most collections have only a low rate of rarity images, and more than half of the images in such collections are similar to each other and are of little value. Information about the degree of <strong>rarity <\/strong>of the collection should be present on the <strong>NFT project<\/strong> page.<\/li>\n\n\n\n<li>The level of detail of the characters should exceed or be at the same point as the <strong>top<\/strong> <strong>NFT <\/strong>collections. The characters themselves should evoke positive emotions in <strong>NFTs <\/strong>collectors and other people. If someone sees an image and asks where to buy one, that&#8217;s a good sign! Preferably, the <strong>NFTs <\/strong>collection should be in 3D, it allows you to use <strong>NFTs <\/strong>in various creative contexts (for example, making character videos).<\/li>\n\n\n\n<li>A community isn&#8217;t just the number of members on<a href=\"https:\/\/blog.alphaguilty.io\/crypto-discords\"> <strong>Discord<\/strong><\/a><strong> <\/strong>or subscribers on social networks. As a rule, a community chat in <strong><a href=\"https:\/\/blog.alphaguilty.io\/crypto-discords\">Discord<\/a> <\/strong>reflects the general vibe. If people are interested in the project, the authors, and the meanings &#8211; that&#8217;s good. If the community in <strong><a href=\"https:\/\/blog.alphaguilty.io\/crypto-discords\">Discord<\/a> <\/strong>or social media is only interested in how to make money on resale &#8211; this is bad for the future of the <strong>new NFT project.<\/strong> Team members should communicate with the community (for example, in <strong>Discord<\/strong>).<\/li>\n\n\n\n<li>Not welcome to use scams, bots, and other automated means to increase hype around the project and <strong>NFT performance<\/strong>. It is better to try to create a natural growth of people&#8217;s interest in the<strong> upcoming NFT<\/strong> collection. If part of the community becomes a famous collector or a celebrity &#8211; this is very cool!<\/li>\n\n\n\n<li>Clearly defined standards, charity, and creating some unique work are good examples of <strong>NFT projects&#8217; early<\/strong> values. At one time, this is exactly what distinguished the largest NFT projects of today. It&#8217;s cool when collection users get some additional features &#8211; for example, closed access to some content.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Also about the team, the project must reveal as much information about the participants as possible. It is incredibly cool when the profiles of the founders are stylized as the characters of the project. Be sure to check out all of the team members. If these artists have worked on well-known projects, that&#8217;s a definite plus.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to find good <strong>NFT projects early<\/strong>?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>NFT sector<\/strong> is one of the most popular and fastest growing in the crypto economy right now. The problem is that it can take a lot of effort to find promising <strong>NFTs <\/strong>projects. Crypto-enthusiasts spend their days on <strong>marketplaces <\/strong>and other resources waiting for a miracle. Now we will try to highlight some tips and tools you can use to optimize your search for the most prospective <strong>NFTs<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This kind of hype in <strong>NFT tracking and analytics<\/strong> is due to the fact that tokens are now interesting and more community-oriented than most other things, and a thoughtful buy on the mint or <strong>marketplace <\/strong>can bring huge profits. This powerful combination makes the hunt for cool <strong>various projects<\/strong> in the <strong>NFTs <\/strong>field very appealing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, Where to start when you want to<strong> find good NFT projects<\/strong>? Here are some helpful hints that you should definitely consider:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Some <strong>NFT projects<\/strong> are one-offs, but many others are building their first NFT collections with more long-term or incremental income opportunities. Either way, keep a close eye on the communities you&#8217;re interested in because by doing so, you&#8217;ll be one of the first to know important information.<\/li>\n\n\n\n<li>There&#8217;s a whole wave of new apps. The task of working with these apps is to find people who you think have great analytical skills in this area, and then, copy their actions. But in addition to these apps, you can go to social media to find out about interesting events and accidentally search for a <strong>new NFT project<\/strong> that will become a real gem.<\/li>\n\n\n\n<li>Keep an eye on trends. If you find a new trend and get a free mint early on, you&#8217;re probably going to make very good money. So wherever you see the <strong>NFT project<\/strong> narrative becoming a trend, there&#8217;s a tremendous amount of opportunity out there. Remember that even the <strong>largest NFT<\/strong> projects today once started from small.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Also, you don&#8217;t need to look for <strong>upcoming NFTs<\/strong> giants such as blue chips. Very often you can just look for a new NFT project, and not have a firm opinion on whether you want to keep the token for a long time or try to make money right away.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Where to find the best <strong>NFT projects early<\/strong>?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Certainly, the main tool for finding NFT collections, projects, and artists is Twitter. Most of all <strong>NFT projects<\/strong> start their way on Twitter. Also, there are a lot of sites with quality and selected information, so you can safely use them. Such resources allow you to keep track of news that concerns the whole NFT sphere and help you find information about most collections.Many well-known <strong>NFT projects<\/strong> use whitelists to manage their giveaways. So now it is often not enough just to find cool projects at an early stage, you also need to secure a place on the whitelist if you want to get tokens from good collections at launch.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"687\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/image-10.png\" alt=\"\" class=\"wp-image-728\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-10.png 960w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-10-300x215.png 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-10-768x550.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Look for <strong>NFT calendars.<\/strong> More than a few sites offer <strong>NFT calendars<\/strong> where you can view upcoming developments in the area. Check them out just in case and you&#8217;re sure to find promising <strong>NFT projects early<\/strong>. You can also use Gem. This is a <strong>marketplace <\/strong>aggregator that was recently acquired by OpenSea. Nansen is also great for search purposes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Where to buy new <strong>NFT projects<\/strong>?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Of course, it&#8217;s best to shop on popular platforms, including Solanart, Rarible, SuperRare, or OpenSea. That way you can protect yourself as much as possible. To avoid becoming a victim of scammers in transactions with NFT projects, you should adhere to standard security measures and work only with verified objects of art.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why do you need to be skilled at finding prospective NFT projects at an early stage? How can NFT investment at a certain stage help significantly increase your income in the future? Where to find and buy NFT projects that will turn out to be hidden gems?<\/p>\n","protected":false},"author":7,"featured_media":727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[40,56,38,39],"authors":[37],"class_list":["post-725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","tag-alphaguilty","tag-cryptocurrency","tag-education","tag-nft","authors-alphaguilty"],"acf":{"reading_time":""},"author-name":"AG Content Manager","suggested-articles":[{"ID":930,"post_author":"7","post_date":"2023-02-08 16:08:42","post_date_gmt":"2023-02-08 16:08:42","post_content":"<!-- wp:image {\"id\":933,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/02\/image-8-1024x576.png\" alt=\"\" class=\"wp-image-933\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>Many people are trying to enter the world of <strong>cryptocurrency <\/strong>to start earning. It's not surprising, because the <strong>cryptocurrency <\/strong>area is still developing, so everyone has a chance to be on the wave and <strong>make <\/strong>a profit. Surely you have thought about creating your own <strong>cryptocurrency<\/strong>, but how hard can it be?<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you want to<strong> create your own cryptocurrency<\/strong>, <strong>make <\/strong>sure you check this material to the end. There will be a lot of helpful info for those who want to <strong>create a cryptocurrency <a href=\"https:\/\/blog.alphaguilty.io\/a-beginners-guide-to-token-offerings\">token<\/a><\/strong> nowadays.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":931,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/02\/image-6-1024x682.png\" alt=\"\" class=\"wp-image-931\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:heading -->\n<h2>Can I make my own <strong>cryptocurrency<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Can anyone really <strong>create a cryptocurrency<\/strong> today? The first <strong>cryptocurrency <\/strong>appeared back in 2009. During this time, not only has the price of <strong>cryptocurrency <\/strong>increased, but <a href=\"https:\/\/blog.alphaguilty.io\/alpha-guilty-is-partnering-with-blockchain-center-to-launch-new-projects\"><strong>blockchain <\/strong>technology<\/a> has also advanced a lot. Today, it is no longer necessary to <strong>build <\/strong>a new <strong>blockchain <\/strong>to <strong>create your own token<\/strong>. So if you really want to <strong>create your own <a href=\"https:\/\/blog.alphaguilty.io\/a-beginners-guide-to-token-offerings\">token<\/a><\/strong>, you will always be able to do this.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Nevertheless, to go further on the topic, we need to understand the basic <strong>cryptocurrency <\/strong>concepts.\u00a0 Coin and <strong><a href=\"https:\/\/blog.alphaguilty.io\/5-things-to-focus-on-when-investing-in-crypto-tokens\">cryptocurrency tokens<\/a> <\/strong>are often used synonymously, but the concepts are fundamentally different:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>A coin is a crypto on its own, developed from the scratch <strong>blockchain<\/strong>.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A <strong><a href=\"https:\/\/blog.alphaguilty.io\/a-beginners-guide-to-token-offerings\">token<\/a><\/strong>, on the other hand, is launched on an existing platform.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Accordingly, if you want to <strong>create new <\/strong>coins, it will require much more investment. A <strong><a href=\"https:\/\/blog.alphaguilty.io\/5-things-to-focus-on-when-investing-in-crypto-tokens\">cryptocurrency token<\/a> <\/strong>in this regard has far fewer requirements, so it can even be <strong>created <\/strong>unilaterally.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>The basic concepts: <strong>blockchain <\/strong>and <strong>smart contract<\/strong><\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Blockchain <\/strong>is a real breakthrough that could change the world. There are already more than a dozen uses for <strong>blockchain<\/strong>, and the list is growing. The peculiarity of <strong>blockchain <\/strong>is that each <strong>transaction <\/strong>is entered as a <strong>new <\/strong>link, which automatically receives information about the entire <strong>blockchain<\/strong>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, the info about the <strong>transactions <\/strong>is linked in a single <strong>blockchain<\/strong>. Each block relies on the previous block. Because of this, the <strong>blockchain <\/strong>resists tampering with information. Thus, a <strong>blockchain <\/strong>is a digital ledger with many interconnected copies.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Now let's talk about <strong>smart contracts<\/strong> (you can make a <strong><a href=\"https:\/\/blog.alphaguilty.io\/5-things-to-focus-on-when-investing-in-crypto-tokens\">crypto token<\/a><\/strong> on the basis of<strong> smart contracts<\/strong>). A <strong>smart contract<\/strong> is an algorithm that generates and automatically regulates agreements between the parties. As soon as a predetermined condition is activated, the <strong>smart contract<\/strong> immediately executes the corresponding agreement. The object can be <strong>cryptocurrencies <\/strong>and other digital assets. Before <strong>blockchain<\/strong>, there were no platforms on which to implement the idea of <strong>smart contracts<\/strong>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In ETH,<strong> smart contracts <\/strong>govern the execution of agreements between users. When a suitable <strong>transaction <\/strong>takes place, the execution of the prescribed actions is activated. The triggering can perform thanks to a user account or another <strong>smart contract<\/strong>. Nevertheless, <strong>smart contracts<\/strong> are difficult to <strong>create<\/strong>.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition, you need to <strong>create new smart contracts<\/strong> by yourself. You will also have to pay attention to the <strong>token specification<\/strong>. To <strong>build <\/strong>a <strong>smart contract<\/strong>, you need not only to have the necessary programming skills but also to accurately prescribe all possible variants of the situation in the <strong>smart contract<\/strong>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What types of <strong>cryptocurrency tokens <\/strong>are out there?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You must also understand what kind of <strong><a href=\"https:\/\/blog.alphaguilty.io\/5-things-to-focus-on-when-investing-in-crypto-tokens\">cryptocurrency token<\/a> <\/strong>you want to <strong>create<\/strong>. We have already discerned that <strong><a href=\"https:\/\/blog.alphaguilty.io\/a-beginners-guide-to-token-offerings\">tokens<\/a> <\/strong>and coins have differences in their launch conditions. In addition to being a means of payment, <strong>cryptocurrency tokens <\/strong>can be <strong>created <\/strong>for other functions. They depend on the type, today we distinguish the following:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Utility. A means of payment in the classical sense, but in the digital form and for a specific platform.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Governance. <strong>Tokens <\/strong>that are used to vote on platform development issues.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Security. Analogous to real shares. Such a thing entitle the holder to receive dividends or fulfill other obligations.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Payment. These ones <strong>build <\/strong>for paying for goods\/services on various platforms.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Non-fungible. <\/strong>Have a unique identification, which makes<strong> non-fungible<\/strong> types difficult to copy or reproduce.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Accordingly, when creating your <strong>token<\/strong>, you should, first of all, decide on its functions. This will determine the <strong>token specification<\/strong> and the choice of parent <strong>blockchain<\/strong>. For instance, ETH is the most popular network with fast <strong>transactions <\/strong>today, but if you want to <strong>create a token,<\/strong> remember it's not cheap.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Why would you <strong>create a cryptocurrency token<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>So, why do you really need to<strong> create a <a href=\"https:\/\/blog.alphaguilty.io\/5-things-to-focus-on-when-investing-in-crypto-tokens\">crypto token<\/a>?<\/strong> Today <strong>smart contracts<\/strong> and modern technology in the field of <strong>cryptocurrency <\/strong>can provide many new business opportunities. In summary, you can<strong> create a crypto token<\/strong> for these causes:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>You can <strong>create a cryptocurrency <\/strong>to give people new investment opportunities.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>It is possible to<strong> create a crypto token<\/strong> to <strong>build <\/strong>special loyalty programs for users within a certain <strong>cryptocurrency <\/strong>project.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There is a way to <strong>make <\/strong>a <strong>cryptocurrency token <\/strong>and use it as a payment instrument for goods\/services.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can also <strong>build new cryptocurrency tokens <\/strong>representing stocks listed on special platforms.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>In addition, it is allowed to <strong>create <\/strong>a <strong>crypto token<\/strong> to <strong>build <\/strong>the DeFi application or for gaming.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>These are just some suggestions, but you can find other reasons to <strong>create <\/strong>a <strong>crypto token<\/strong> and <strong>make <\/strong>money from it. Why do people <strong>make non-fungible<\/strong> <strong>tokens<\/strong>? In fact, a non-fungible <strong>token <\/strong>allows you to sell\/buy virtual objects. A <strong>non-fungible token <\/strong>confirms ownership of an asset and its uniqueness.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How to <strong>make <\/strong>a <strong>new crypto token<\/strong> in 5 steps?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To <strong>make <\/strong>sure that your work was not in vain and was successful, it is important to properly divide the process of creating a <strong>crypto token <\/strong>and <strong>make <\/strong>a step-by-step plan:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li>Most newbies who come into the field of crypto are not aware of all its intricacies and just want to <strong>make <\/strong>money. But how to <strong>create <\/strong>a successful project? Before <strong>creating <\/strong>a <strong>token<\/strong>, it is important to think about what problems it will solve. Also at the first stage of <strong>creating <\/strong>it is necessary to determine the main audience.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you want to <strong>create a cryptocurrency,<\/strong> you need to choose a unique name and logo. It is important that the name and image are easy to remember. How will your currency represents in <strong>wallets <\/strong>or exchanges? To <strong>make <\/strong>an asset easy to find in a <strong>wallet<\/strong>, you also need a unique and short symbol. Known examples are BTC and ETH.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To <strong>create a cryptocurrency<\/strong>, you must also determine how it is distributed to users\/investors. You can also spread assets at a certain time or after a specific period of time. For instance, the ICO allows you to raise funds from outside investors for the further development of the platform.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If you decide to <strong>create a cryptocurrency<\/strong>, the next step is to select the underlying network. For example, ERC-20 is the basic template for <strong>creating <\/strong>payment\/management <strong>tokens <\/strong>and is supported by the vast majority of <strong>wallets<\/strong>.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The last step in the plan of <strong>creating <\/strong>an asset. You must examine what value it should have, based on how many <strong>tokens <\/strong>will eventually be in float and how quickly they will be shared with users.<\/li>\n<!-- \/wp:list-item --><\/ol>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>The creation of NFTs in general differs little from payment\/governance assets. The distinction is that the issue is always limited to a single instance, and division is impossible. In addition, it is necessary to add content to such a <strong>crypto token<\/strong> (this will provide value). However, it is better to launch such <strong>crypto tokens <\/strong>on specialized platforms.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":932,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/02\/image-7-1024x576.png\" alt=\"\" class=\"wp-image-932\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>Let's also break down the practical side of the issue for a few of the main networks to <strong>create crypto tokens:<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The development environment provided by ETH allows you to <strong>create <\/strong>your crypto <strong>token <\/strong>without deep knowledge of programming.&nbsp;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>SOL is attracting a growing audience, as the network speed here is over 65,000 <strong>transactions <\/strong>per second with further potential growth. To <strong>create a token,<\/strong> you will need a <strong>wallet <\/strong>with a supply of SOL crypto.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>BSC also has a large selection of development environments, and the core standard is supported by almost all <strong>wallets<\/strong>.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>In addition to the above options, other networks (such as TRON and EOS) can also <strong>create tokens<\/strong>. All of them support most of the common standards to <strong>create your own cryptocurrency<\/strong> \u2013 utility, NFT, and so on. The principle and sequence of actions to <strong>create a token<\/strong> are approximately the same everywhere.<\/p>\n<!-- \/wp:paragraph -->","post_title":"How to create a crypto token","post_excerpt":"Can anyone really create a crypto token? What types of crypto tokens can you make today? Do you need a plan of action? What to consider when creating a crypto token?","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-create-a-crypto-token","to_ping":"","pinged":"","post_modified":"2023-02-28 13:50:20","post_modified_gmt":"2023-02-28 13:50:20","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=930","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":878,"post_author":"7","post_date":"2023-01-27 15:26:09","post_date_gmt":"2023-01-27 15:26:09","post_content":"<!-- wp:image {\"id\":879,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/What-is-cryptocurrency-and-how-does-it-work_-1024x576.jpg\" alt=\"\" class=\"wp-image-879\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>The popularity of <strong><a href=\"https:\/\/blog.alphaguilty.io\/why-is-cryptocurrency-the-best-protection-against-inflation\">cryptocurrency<\/a><\/strong> stays steadily high, and the scope of <strong>blockchain technology<\/strong> is only expanding. That is why a lot of users started to get actively involved in <strong>cryptocurrency<\/strong>, for a long time they monitor the value of coins, studying the factors that can affect the price of <strong>crypto assets<\/strong> today. Of course, to <strong>invest in cryptocurrency<\/strong> and make more profit out of it.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though <strong><a href=\"https:\/\/blog.alphaguilty.io\/why-is-cryptocurrency-the-best-protection-against-inflation\">cryptocurrency<\/a><\/strong> has been around for a long time, it wasn't talked about en masse until recently, when <strong>Bitcoin <\/strong>skyrocketed in value. Some people are even considering buying a course to learn how to handle <strong>crypto <\/strong>and that's a good idea. The problem is that really good classes about <strong>cryptocurrency work<\/strong> are quite expensive for a beginner, so you can learn this one on your own with our material.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Today we will help you understand the basics of <strong><a href=\"https:\/\/blog.alphaguilty.io\/why-is-cryptocurrency-the-best-protection-against-inflation\">cryptocurrency<\/a><\/strong>, what <strong>blockchain technology <\/strong>is that <strong>crypto <\/strong>is based on, and why types of cryptocurrency are so demanded and expensive. We will talk not only about well-known <strong>cryptocurrencies <\/strong>like <strong>Bitcoin <\/strong>or <strong>Ethereum <\/strong>but also some other <strong>crypto<\/strong>. Not only newbies but also more advanced crypto enthusiasts will find useful information here.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":882,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/pasted-image-0.jpg\" alt=\"\" class=\"wp-image-882\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:heading -->\n<h2>Starting with the basics: what is <strong>cryptocurrency<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To discuss the more complex aspects of <strong>crypto<\/strong>, it's best to start with the basics, so newcomers will get up to speed more quickly. So, <strong><a href=\"https:\/\/blog.alphaguilty.io\/why-is-cryptocurrency-the-best-protection-against-inflation\">cryptocurrency<\/a> is a digital<\/strong> asset and a <strong>decentralized <\/strong>means of payment that exists only on the network. <strong>Cryptocurrency<\/strong> has no paper expression, and <strong>crypto <\/strong>value does not depend on the state.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What does it mean to be <strong>decentralized<\/strong>? This is the main distinguishing feature of <strong>crypto<\/strong>. In this way, a <strong>decentralized <\/strong>asset means that <strong>cryptocurrencies <\/strong>do not have a common, defined storage location like other information data.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are at least a thousand <strong>cryptocurrencies<\/strong>, but the most well-known are <strong>Bitcoin <\/strong>and <strong>Ethereum<\/strong>. The unit of <strong><a href=\"https:\/\/blog.alphaguilty.io\/why-is-cryptocurrency-the-best-protection-against-inflation\">cryptocurrency<\/a> <\/strong>is a code that appears as a score of machine mathematical calculations. To summarize all this info about <strong>cryptocurrency work,<\/strong> let's highlight the following features of all <strong>crypto assets<\/strong>:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Decentralized <\/strong>aspect and lack of control. Digital <strong>ledger transaction <\/strong>information is kept on a lot of servers around the world. This <strong>ledger <\/strong>and <strong>transactions <\/strong>are equally accessible to all participants.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The anonymity of <strong>crypto<\/strong>. Despite the openness of digital <strong>ledger transaction <\/strong>information, users see only each other's <strong>wallet <\/strong>numbers. The owner of the <strong>crypto wallet <\/strong>remains unknown.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Transaction <\/strong>irreversibility. Recording a <strong>transaction <\/strong>in a block leads to a change in the whole chain. That's why you can't undo the transaction.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Absence of physical form. All <strong>cryptocurrency <\/strong>images or photos of wallets with <strong>Bitcoin <\/strong>are nothing more than symbolism. This means that <strong>cryptocurrency <\/strong>is a code, you can't touch <strong>Bitcoin <\/strong>and all <strong>crypto <\/strong>or put it in your pocket. And a <strong>cryptocurrency wallet <\/strong>is a storage of information online or on a device, a digital wallet has nothing in common with the usual <strong>wallet<\/strong>.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Despite this, <strong>cryptocurrency<\/strong>, like traditional money, has an issue. Using <strong>Bitcoin <\/strong>for an instance, there is a total number of possible coins in the <strong>Bitcoin <\/strong>source code. Issuance affects<strong> cryptocurrency prices<\/strong>: if a new batch of coins is released, the worth of a unit usually falls.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What about the <strong>market cap <\/strong>for <strong>cryptocurrency<\/strong>?<\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>If we are talking about <strong>cryptocurrency <\/strong>(<strong>Bitcoin<\/strong> or any other), the <strong>market cap <\/strong>means the total worth of all issued coins. It is important to note that this is one of the points for evaluating a <strong>cryptocurrency's<\/strong> stability. You need to know that crypto with a larger <strong>market cap <\/strong>ratio will be a more stable deposit and less subject to <strong>market <\/strong>fluctuations.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What is <strong>blockchain technology<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p><strong>Crypto <\/strong>is considered a <strong>decentralized <\/strong>asset, so <strong>cryptocurrency transaction <\/strong>info is kept on thousands of devices. It is combined into blocks, then into chains, which are defended by crypto keys, hence the name of the technology. The entire chain will be modified if you change the info in any of the blocks.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Crypto <\/strong>is not controlled by governments or banks. It makes the processing of <strong>cryptocurrency transactions<\/strong> independent, transparent to all participants in the network of devices in the chain, and anonymous simultaneously. In simple terms, <strong>cryptocurrencies <\/strong>like <strong>Bitcoin <\/strong>or <strong>Ethereum work <\/strong>as a replacement for banks and traditional payment systems, taking financial transactions out of the control of states and corporations. So, let's a recap:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>With this technology, <strong>transaction <\/strong>records of network participants are encoded, distributed to other users, and formed into linked blocks. It is like a branch of the bank on your computer.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>If someone tries to make changes to get <strong>crypto <\/strong>in an unfair way, such as rewriting an existing <strong>transaction <\/strong>or creating a new one without the consent of the other participants, that's not <strong>work<\/strong>. The system will compare that information with other bases and lock <strong>transactions<\/strong>.&nbsp;<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Theoretically, an ordinary data cloud can be hacked, and with <strong>cryptocurrency<\/strong>, this problem could also arise. Each participant of this system has info on all <strong>transactions <\/strong>made with <strong>crypto <\/strong>kept on the user's computer. Indicators are automatically checked against each other with special schemes and updated. The basis of <strong>cryptocurrency <\/strong>as <strong>Bitcoin <\/strong>is cryptography (a reliable way to encrypt any data). Hacking an encrypted system is very difficult.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":884,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/pasted-image-0.png\" alt=\"\" class=\"wp-image-884\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>This technology also allows fast and commission-free processing of financial operations. The <strong>work <\/strong>speeds of many modern <strong>cryptocurrencies <\/strong>are close to or exceed those of the traditional payment systems we use in our daily lives. In simple words, what <strong>decentralized cryptocurrency <\/strong>is for can be described as financial operations that are fast, unmediated, and anonymous.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How does <strong>cryptocurrency work<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>So, how does <strong>cryptocurrency work<\/strong>? We have already figured out that it is a unit of account of a decentralized payment system. It is a record of <strong>transactions <\/strong>that are kept on devices around the world. This <strong>transaction <\/strong>information is packaged into blocks, protected by cryptographic keys, and combined into a chain.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In the creation of <strong>crypto<\/strong>, particularly <strong>Bitcoin<\/strong>, a mechanism such as <strong>proof of work<\/strong> was first invented. Let's discuss <strong>proof of work<\/strong> in more detail because it is very important for understanding the way crypto works:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Thanks to <strong>proof of work<\/strong>, a new block is added to the chain, <strong>transactions <\/strong>are confirmed and a single version of the registry is validated.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Proof of work<\/strong> provides the economic incentive that has become the basis to <strong>mine Bitcoin <\/strong>and another crypto.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The essence of<strong> proof of work<\/strong> comes down to the ability to quickly and easily verify results and the need to perform complicated time-consuming tasks.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>These tasks are not originally intended for people, their solution by a machine is always achievable in a finite time, but requires a lot of computing power. At the same time, the verification of the obtained solution requires much fewer resources and time.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The need to solve the issue of how <strong>transactions <\/strong>will be approved and provide protection against abuse led to the emergence of another mechanism, the proof of <strong>stake<\/strong>. In simple terms, it is a set of rules by which network members agree on exactly how <strong>transactions <\/strong>can be approved and included in new blocks.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, there is also a proof of <strong>stake <\/strong>mechanism based on which various <strong>crypto <\/strong>and platforms, such as <strong>Ethereum<\/strong>, are built. According to the original concept of proof of <strong>stake<\/strong>, the right to manage the chain is given to all its participants according to the share of <strong>crypto <\/strong>they own. The demand for proof of <strong>stake <\/strong>is due to the lack of the need to buy expensive equipment to <strong>mine <\/strong>and the possibility of easy passive earnings (to <strong>stake cryptocurrency<\/strong>).<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In addition to the two well-known proofs, there are several other types. A beginner user should deal with them to understand how crypto works:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Proof of history solves the problem of scaling and transaction processing speed. It is a consensus algorithm that has a built-in timing mechanism - a clock. It allows validators to match time.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>A feature of proof of capacity, is that the chain requires free hard drive space, which is provided by users, who are paid for it. Thanks to this, the developers have achieved a reduction in power consumption.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Proof of space is based on a way of expressing interest in a service by allocating a non-trivial amount of memory or disk space to solve a problem presented by the service provider.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Proof of spacetime allows network participants to prove that they have spent a space\/time resource. In turn, they have allocated storage capacity to the network over a period of time.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>According to the proof of burn, the user who burned some of the coins has the right to join the block and receive the reward.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Proof of selection helps crypto fight confirmation bias by proving the correctness of token mining in the process of confirming that specified requirements are complete.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Proof of participation is that all decisions that are made are distributed evenly among all members of the network. This leads to better decentralization.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The essence of proof of activity is that mining is divided between two groups, one using proof of work and the other using proof of stake.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>It is very important for beginners in the crypto field to get informed about a lot of proofs, because miners are constantly competing for coins.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What does it mean to <strong>mine <\/strong>a <strong>cryptocurrency<\/strong>?<\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Every person interested in <strong>crypto <\/strong>has heard that it can be <strong>mine<\/strong>. Here everything is very simple \u2013 to <strong>mine <\/strong>digital currency means the process of creating new coins. For a certain number of processed operations in the network, the miner gets paid in coins. This process requires powerful computing equipment because of the large number of operations performed and the high complexity of calculations. There are several ways to <strong>mine cryptocurrency<\/strong>:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>It was more relevant to <strong>mine <\/strong>on CPUs in the early days of the first <strong>cryptocurrencies<\/strong>. However, now CPU power is not enough to process data on transactions stored in long chains. And this type of mining is considered only for <strong>crypto <\/strong>\u2013 newcomers to the market, not having a great history of operations.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Any digital currency can be released on the GPU, but some are better suited because they have an algorithm more compatible with the GPU. Older algorithms are not ground up to work with GPUs, so they can take a long time to process. Market flagships such as <strong>Bitcoin <\/strong>or <strong>Ethereum<\/strong>.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Only the miner who is the first to process the operation receives the reward, so there was a need for specialized equipment. This is the ASIC \u2013 a chip that is customized to calculate a specific algorithm for each digital currency. For example, SHA-256 for <strong>Bitcoin <\/strong>and Ethash for <strong>Ethereum<\/strong>.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There is also cloud mining, where large, industrial miners on the <strong>market <\/strong>rent out some of their equipment to online users. Some investors have even started to set up large enterprises (farms) in favorable locations for this purpose.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:image {\"id\":885,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/pasted-image-0-1.jpg\" alt=\"\" class=\"wp-image-885\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>Today you can even mine in your browser or on your smartphone. Some programs allow you to work simultaneously on the CPU and GPU. It is also necessary to set up a <strong>wallet<\/strong>, which will receive the <strong>cryptocurrency<\/strong>. Thus, the process of <strong>crypto mine <\/strong>requires expensive equipment, and its cost is constantly growing, and today it can amount to tens of thousands of dollars. In addition, such equipment consumes a lot of electricity to work and requires additional cooling of the system.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Is <strong>cryptocurrency <\/strong>safe?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The high level of protection is because the information in each block is encrypted, and the blocks are linked together in a chain. It takes too much power to hack the system, because, for the sake of one cell of information, you would have to change the encryption of all the others. Other features guarantee safety:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Unique addresses are used to transfer funds.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Operations are open and transparent, but it is impossible to link the data to a specific person.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Operations are instantaneous and cannot be intercepted.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The authenticity of addresses is verified by encryption keys.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>There are public and private keys. The public key is the address of the user's electronic purse, it is in the public domain. A private key is a cipher known only to the owner of the <strong>wallet<\/strong>. The keys work like this: one user wants to send a digital asset to another and encrypts it with the public key, and the recipient uses the private key to receive it.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Are there any associated risks?<\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The <strong>security <\/strong>of digital assets remains a hot topic in the <strong>market<\/strong>. Despite the increasing number and diversity of projects using the technology on which <strong>crypto <\/strong>is based, it carries risks. The wrong assessment can lead to the most serious consequences, both for the average user and for a large company. That is why it is worth talking about the <strong>security <\/strong>of <strong>crypto <\/strong>and possible risks:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>In particular, the vulnerabilities of this ecosystem include the lack of recoverability of stolen funds, the partial or complete anonymity of users, and the lack of legal regulations to protect their info.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Every time you transfer digital currency, you need to put in a digital signature, there is a password for this. If it is stolen, then it is possible to dispose of the money in the name of the owner. Thus, a person can lose a lot of money because of a stolen cryptographic key.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>As a rule, the attackers targeted the encryption keys of sensitive user data. Once in their possession, they gain access to cryptocurrency management and then steal it. Back to the issue of <strong>security<\/strong>, it's hard to answer the question of which digital currency is the safest, but most likely it's <strong>Bitcoin<\/strong>. A large number of developers work with it, so it would take a huge amount of resources to organize such an attack.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":886,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/pasted-image-0-1.png\" alt=\"\" class=\"wp-image-886\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Should I use a <strong>Ledger wallet<\/strong>?<\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>But is there a reliable way to increase the <strong>security <\/strong>of digital currency? Of course, you can use a <strong>Ledger wallet <\/strong>for higher <strong>security<\/strong>, it's a great way to protect your assets. Such devices for storing keys and other digital currency are a kind of flash drive. There are other brands of such <strong>wallets<\/strong>, but this one is now the most popular among users. The developers have also provided for the possibility of full information recovery in the case of loss of the device.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you are planning to get serious about crypto and keep large amounts of assets in your <strong>wallet<\/strong>, then be sure to consider getting a <strong>wallet <\/strong>as a stand-alone storage medium. Hardware <strong>wallet <\/strong>devices are the type that provides high reliability when saving personal keys. They are completely isolated from other systems and local or global networks. This is what makes such <strong>wallets <\/strong>invulnerable to hacking and accidental loss of information.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How can you <strong>use cryptocurrency<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It was assumed that you can use this digital asset not only on special <strong>exchange <\/strong>but also to buy anything for it: from household items to expensive real estate. However, despite the growing popularity of the use, large operations with <strong>Bitcoin <\/strong>or <strong>Ethereum <\/strong>are made quite rarely \u2013 but in ordinary online stores this payment option is found more and more often, which cannot but please users. Let's consider where crypto is needed and for what purposes you can successfully use it:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Payment for goods and services mainly in online\/physical stores: today you can pay with crypto in even real-life outlets, such as some coffee shops.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li><strong>Exchange <\/strong>for various things and benefits: the owner of a store, after receiving payment in crypto, can convert it into the national currency. The <strong>exchange <\/strong>of crypto for goods and services is not common everywhere but is gaining momentum.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Long-term investment: the rate of digital currencies grows in long-term dynamics, so they can be considered a great investment. So, crypto attracts investors with high returns on deposits.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Earnings on <strong>exchange <\/strong>rate differences: knowledge of the <strong>cryptocurrency market<\/strong> and analytical skills allow you to buy and sell crypto in time and at a profit.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>The need to store money safely: these are amounts that will not be affected by standard economic processes and crises.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Now crypto is to some extent integrated into the global economy \u2013 it is widely used to pay for various operations, and states and major banks are beginning to interact with this asset.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is also worth mentioning that prices on the crypto <strong>market <\/strong>are an easy object of speculation. The variability in the worth of digital money creates a difference in <strong>exchange <\/strong>rates. Advanced traders use this difference to make money on<strong> cryptocurrency exchanges<\/strong>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":887,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/pasted-image-0-2.jpg\" alt=\"\" class=\"wp-image-887\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:heading -->\n<h2>Why are there so many kinds of cryptocurrency?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Differences in networks create a large number of coins. The <strong>Bitcoin <\/strong>blockchain is very slow, it is difficult to scale, and operations can be both very cheap and very expensive. <strong>Ethereum <\/strong>has it faster, but because of its great popularity, this currency has also faced a bandwidth problem, which has led to a dramatic increase in the price of operations.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In other words, anyone can make a token on some network. Making a new network, on the other hand, is not an easy task. People want fast <strong>transactions<\/strong>, and almost for free. That's why programmers create faster and more scalable chains, nobody wants to wait for a long time when his operation with a huge commission is confirmed. At the moment, there are a huge number of networks. For the average user, they differ only in the cost of operations.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another good reason why there are so many types of crypto is that anyone can create it as long as they have new developments. There is no regulatory body here to decide which coins can be produced and which cannot. Let's take a look at some types of crypto:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>Decentralized<\/strong>. These are cryptocurrencies that are mined. For example, <strong>Bitcoin<\/strong>, <strong>Ethereum<\/strong>, Zilliqa, and Elastos.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Pseudo-decentralized. The issue and turnover of such currencies are controlled by a closed group of persons. It is impossible to mine this asset. Such crypto includes <strong>Bitcoin <\/strong>Cash, Ripple, and TRON.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Stablecoins. The value of a such currency is tied to some value, less often to another crypto, so its worth changes more often than other currencies. Gemini Dollar is equal to the USD, while DigixDAO is equal to a gram of gold.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Judging by the market, the number of scams exceeds the number of normal coins by several times. Behind every coin, there must always be technology and an idea. One way or another, the purchase of any crypto has the sense to support the idea of its developer.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":888,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/pasted-image-0-3.jpg\" alt=\"\" class=\"wp-image-888\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>For instance, the Dogecoin project has always been surrounded by a lot of skepticism, and its creators themselves called it a joke. Nevertheless, thanks to the rapid development of the crypto sphere and active community, the project is not only at the top by capitalization, but it is also one of the most mentioned in the media and social networks.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How can you <strong>buy cryptocurrency<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Before you can make money from crypto, you need to acquire it. There are several ways to do this. Above we have already mentioned mining \u2013 calculating crypto keys for the network for a fee. This is a good way, but too expensive and time-consuming for beginners. It is much easier to buy crypto for traditional money. There are several places to buy and sell crypto:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li><strong>\u0421ryptocurrency exchanges<\/strong> often have quite high commissions because of the large number of intermediaries, but there are a lot of tools for trading and earning. Among the largest <strong>exchanges<\/strong>, today are Coinbase, Kraken, and Binance. When choosing, it is better to be guided by the quality of support, ease of deposit, and withdrawal.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Platforms where sellers and buyers publish their ads. They ensure the safety of operations by blocking funds on the buyer's account until the seller confirms that the deal took place.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Online <strong>exchange <\/strong>services are fast, the rate is less floating than on <strong>cryptocurrency exchange<\/strong>, and commissions are small. It is important to choose carefully because there are a lot of fraudsters on the network. Do not trust too favorable exchange rates or suspiciously small commissions.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can use custodial wallets with fiat topups (like Coinbase or Kraken). In addition, these wallets have certain advantages, such as less user responsibility for private key control.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>There are also crypto trading TG bots like Cornix or TradeSantaBot (this is the is soft that connects to your account to help you make deals).<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>It is also worth mentioning the <strong>portfolio<\/strong>. It is all crypto collection, that a person has. Keeping track of your portfolio is quite difficult, especially if your assets are not in the same place. In that case, it is better to use a special tracker like CoinStats.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>How do I choose <strong>crypto <\/strong>for my portfolio? This is the main question that both experienced and novice investors are interested in. No one has ever made a fortune in the crypto area by trading futures or buying hot tokens.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are also a lot of pyramids and scams that masquerade as great projects. A lot of newbies trade things they have no idea about. And if they manage to make a short-term profit, that temporary success blinds them. When they lose in a year or another, they do not understand how it happened. To avoid this situation, check the following aspects before purchasing crypto:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The project behind the coin and where did you learn about it?<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>As a user, what does this coin give you?<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>And what is the capitalization of this project?<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>How much profit do you want to get out of it?<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you can not answer these questions when buying cryptocurrency, you just hope that it will grow in value. At a distance, such an approach is guaranteed to bring you losses.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When you've decided on the crypto you want to buy, it's time to find the right marketplace. If you are just starting in this area, then of course the first option to buy on the stock exchanges will be the best for you.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>Crypto <strong>exchange <\/strong>working<\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The time when trading on <strong>exchanges <\/strong>was available only to a narrow circle of people has long been history. Today, anyone can become a crypto trader, regardless of the amount of initial capital. Now <strong>exchange <\/strong>trading is available to most users of the network. To become a crypto pro, it is fundamental to understand how such <strong>exchanges <\/strong>operate.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, crypto <strong>exchange <\/strong>is a platform where one digital currency is traded and exchanged for another. In addition to mining (the original method of creating crypto) <strong>exchanges <\/strong>are considered one of the ways to obtain them.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Each member of the <strong>exchange <\/strong>has the right to perform operations related to the analysis of bets, and sell and exchange digital assets for real money. There are resources where users can exchange crypto for real money and platforms that only allow the <strong>exchange <\/strong>of digital assets for another crypto.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>When analyzing the activities of exchanges, we can distinguish two areas \u2013 trading and exchange. Some users even store their assets on such resources, using them as a <strong>wallet<\/strong>. However, experts advise against doing so, because exchanges, although rare, are sent to scams. The main function of the exchange is the sale of currency pairs, bringing enormous income to traders.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What does the price of crypto on the exchange depend on? Here are a few things:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>The most important point for forming the price of a cryptocurrency coin is demand. The more users are interested in buying for one reason or another, the higher their value.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Also, the price of mining equipment, the overall complexity of its mining, and how widely a coin is distributed on popular exchanges affect the quotation of the digital currency.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Separately, it is worth noting the hard-to-predict factors that make investing in digital assets quite risky \u2013 political reasons, the influence of media, or crypto whales (users who own a large percentage of the digital asset).<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Due to the high level of volatility, crypto can be used as a speculative tool, allowing you to maximize your profits. This method is similar to the trading that takes place on conventional currency exchanges. In general, online earnings through cryptocurrency can be really big. This market environment attracts a large number of investments, fueling interest in virtual currencies. A <strong>cryptocurrency exchange<\/strong> allows trading and, importantly, earning.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>So, you don't have to be an expert in crypto exchanges to make a profit. You can also make a fortune through speculation. To understand that you are only one step away from making a large income, you only need to observe how quickly the rate of online crypto changes.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What is the future of cryptocurrency?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Because of the significant decline in the crypto market capitalization last year, the question of the future of such a digital asset has become particularly relevant. It has also provided new arguments to those people who think crypto is a massive scam and a huge bubble. Optimists, on the other hand, remind us that such an adjustment is not the first.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The <strong>crypto <\/strong>market is relatively young and poorly regulated at the legal level in most states, with a high concentration of power in the hands of whales and a significant number of inexperienced users. All of this makes it extremely manipulative and sensitive to situational factors. The result is high fluctuations in the exchange rate.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Nevertheless, crypto is becoming more and more tangibly embedded in everyday life. This is especially evident in the increasing number of outlets and services where it is possible to pay with digital assets. Famous global brands are joining them. Even popular payment systems are also actively integrating crypto. Also, the number of users who buy digital currency and make money on <strong>cryptocurrency exchange<\/strong> is constantly increasing.So does <strong>crypto <\/strong>have a future? Definitely yes, even despite the pessimistic sentiments about a bubble that will burst sooner or later. This market is developing dynamically, and the interest in crypto both investors and ordinary users is only growing. Thanks to advances in technology, the security of operations with such a digital asset will only increase. Thus, claims that <strong>crypto <\/strong>is just another bubble are not entirely valid.<\/p>\n<!-- \/wp:paragraph -->","post_title":"What is a cryptocurrency and how does it work?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"what-is-a-cryptocurrency-and-how-does-it-work","to_ping":"","pinged":"","post_modified":"2023-02-28 13:56:38","post_modified_gmt":"2023-02-28 13:56:38","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":842,"post_author":"7","post_date":"2023-01-18 12:48:21","post_date_gmt":"2023-01-18 12:48:21","post_content":"<!-- wp:image {\"id\":843,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/How-to-sell-music-as-NFT_-1024x576.jpg\" alt=\"\" class=\"wp-image-843\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>Beginning <strong><a href=\"https:\/\/blog.alphaguilty.io\/what-is-a-cryptocurrency-and-how-does-it-work\">crypto<\/a> <\/strong>enthusiasts and people without much experience in the field of <strong>blockchain <\/strong>are used to the fact that <strong>NFT <\/strong>is mostly images, not <strong>music <\/strong>files. In fact, <strong>music NFT<\/strong> is also common on NFT <strong>marketplaces<\/strong>. There is also more than one <strong>NFT platform<\/strong> specializing exclusively in <strong>music NFT<\/strong>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you <strong>create music<\/strong>, you've probably wondered how to <strong>sell <\/strong>it profitably on a <strong>streaming platform<\/strong> or another way to make an income. Today, <strong>music as an NFT<\/strong> is a very popular thing in the area of <strong><a href=\"https:\/\/blog.alphaguilty.io\/what-is-a-cryptocurrency-and-how-does-it-work\">crypto<\/a> <\/strong>and <strong>blockchain<\/strong>, which is only gaining steam. You can <strong>sell music<\/strong> <strong>NFT <\/strong>and get great income in the form of <strong>cryptocurrency<\/strong>, including <strong>royalties<\/strong>. As you already understood, now we will talk about <strong>music NFT<\/strong>. We will tell you how to <strong>sell music NFTs<\/strong> and what <strong>NFT music marketplaces <\/strong>to choose.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Should I create an <strong>NFT <\/strong>for my <strong>music<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Of course, the <strong>music <\/strong>of a popular artist will <strong>sell <\/strong>well on any <strong>streaming platform<\/strong> as well as <strong>NFT music <\/strong>for <strong>cryptocurrency <\/strong>on a<strong> music NFT<\/strong> <strong>platform<\/strong>, it's obvious. A novice musician, on the other hand, needs to consider a lot of factors:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>How much is your audience aware of <strong>music NFTs<\/strong>, the <strong><a href=\"https:\/\/blog.alphaguilty.io\/what-is-a-cryptocurrency-and-how-does-it-work\">crypto<\/a> <\/strong>field, and <strong>blockchain<\/strong>? Your <strong>music <\/strong>in the form of <strong>NFT <\/strong>will become more popular if you already have collectors, <strong>crypto<\/strong>, and <strong>blockchain <\/strong>experts in your <strong>music <\/strong>and fan community. It will be much easier to <strong>sell music<\/strong> on the <strong>NFT marketplace<\/strong> or <strong>NFT platform <\/strong>for you.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You work not only with <strong>music NFTs<\/strong> on <strong>platforms <\/strong>or <strong>marketplaces <\/strong>but also with NFTs as digital art. Your <strong>music <\/strong>will be in high demand on a <strong>marketplace <\/strong>or music <strong>NFT platform <\/strong>if you take the time not only for the <strong>music <\/strong>but also for the visuals.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You are well-versed in <strong>music <\/strong>trends, <strong>blockchain <\/strong>technology, and the <strong><a href=\"https:\/\/blog.alphaguilty.io\/what-is-a-cryptocurrency-and-how-does-it-work\">crypto<\/a> <\/strong>sphere, so you are ready to try your luck and start selling your <strong>NFT music <\/strong>on the <strong>marketplace <\/strong>or <strong>platform <\/strong>right now.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Keep in mind that <strong>music <\/strong>is characterized by a unique history and ownership culture that can create asymmetric value for <strong>music NFTs<\/strong> on the <strong>blockchain<\/strong>, especially compared to other media and art on <strong>blockchain <\/strong>technology.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Can you <strong>sell <\/strong>your <strong>music <\/strong>as an <strong>NFT <\/strong>on the <strong>platform<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>So, <strong>music NFTs<\/strong> are not limited to audio <strong>music <\/strong>files, singles, or album releases. Musicians can also <strong>sell <\/strong>other virtual or even physical goods, tickets to <strong>music <\/strong>events, and exclusive footage. Nevertheless, tracks and <strong>music <\/strong>albums as <strong>music NFTs <\/strong>are found most often on <strong>platforms <\/strong>and <strong>marketplaces <\/strong>nowadays. How to create <strong>NFT music <\/strong>and <strong>sell <\/strong>it on the<strong> NFT marketplace<\/strong> or <strong>platform <\/strong>if you're a beginner?<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>You have to create a cryptocurrency wallet (ETH is most often). It must be replenished to pay a commission on most <strong>platforms <\/strong>today.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>\u0421hoose a <strong>platform <\/strong>or <strong>marketplace <\/strong>to host your <strong>music NFTs <\/strong>(consider the possible file size). The choice is large, below we will present the best options.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Binding a <strong>music <\/strong>file to <strong>NFT <\/strong>on the <strong>marketplace <\/strong>is not a big deal, you will be asked to fill in a small form and upload a track (album, cover art).<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>When putting <strong>music NFTs <\/strong>to <strong>sell<\/strong>, you only need to enter the price.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>To <strong>sell <\/strong>your <strong>NFTs <\/strong>on the <strong>marketplace <\/strong>faster, you need to tell your fans about them through social networks and other possible ways. In addition, you will earn <strong>royalties <\/strong>from your tokens. These <strong>royalties <\/strong>give you a share of the price of each sale when your <strong>NFT <\/strong>music is selling on the market. The <strong>royalty <\/strong>condition from <strong>music <\/strong>NFTs has great potential to streamline the copyright market.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">So which <strong>NFT marketplace<\/strong> should I select?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>To create and <strong>sell music<\/strong> in the form of <strong>NFT<\/strong>, you need to find a <strong>platform <\/strong>among a large number of options. Some of the best <strong>marketplaces <\/strong>for hosting such files are OpenSea, Rarible, Foundation, Audius, and Zora.<\/p>\n<!-- \/wp:paragraph -->","post_title":"How to sell music as NFT","post_excerpt":"Ways to sell music as an NFT to earn money. Should a music artist really create NFTs and sell them on a specialized platform? How has the emergence of NFT affected the music industry and artists' income?","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-sell-music-as-nft","to_ping":"","pinged":"","post_modified":"2023-10-12 11:30:38","post_modified_gmt":"2023-10-12 11:30:38","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=842","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"likes":"2","lang":"en","translations":{"en":725,"ru":1558},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=725"}],"version-history":[{"count":3,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/725\/revisions"}],"predecessor-version":[{"id":1063,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/725\/revisions\/1063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/media\/727"}],"wp:attachment":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=725"},{"taxonomy":"authors","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fauthors&post=725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}