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PFP NFTs

A non-fungible token is a unique and non-interchangeable unit of data stored on a digital ledger.

Use cases vary between representing real world and metaverse assets or real value vs hype.

Examples​

Fundamentals​

Benefits​

  • Ownership
  • Authenticity
  • Transferability
  • Recurring Revenue

Ecosystem​

  • Wallets
  • Collectibles
  • Marketplaces
  • Games
  • Virtual Worlds
  • Trading Cards
  • Utility
  • Defi

Use Cases & Utility​

  • Digital Art
  • Gaming
  • Fashion
  • Certifications and Licenses
  • Sports
  • Digital Identity
  • Music and Entertainment
  • Digital Real Estate
  • Metaverse

Challenges and Risks​

  • Pricing Challenges
  • Copyright Challenges
  • Dealing with Fraud
  • Compliance/Security Challenges
  • Smart Contracts
  • AML and KYC

Standards​

Ethereum has two main standards for NFTs:

  • ERC 721
  • ERC 1155

Solana does not have a standard.

Onboarding​

  • What you need to get Started
  • Get Started on OpenSea
  • Currency Supported
  • Blockchain Supported

Walkthroughs:

  • OpenSea Marketplace
  • Using a wallet (MetaMask)
  • How to Buy NFTs
  • How to Sell NFTs
  • Creating NFTs
  • Security Aspect of NFTs

Collections​

  • What is an NFT Collection
  • Outline Steps to create a collection
  • Designing an NFT Collection
  • Creating an NFT Collection
  • Adding NFT Items to market
  • Listing Items for Sale
  • Pricing your NFT Collection

Trading NFTs​

  • Trading Fundamentals
  • WETH vs Ether
  • Transaction Fees
  • Analysis of OpenSea Top NFTs
  • Tools - Using a NFT Tracker
  • Tools - View activity of your NFTs
  • Tools - Create a Watchlist
  • Tools - Trading a NFT

Art​

How do you assess the value of NFT art?

Digital art will need to have their stories converted into games or linked to physical goods to have long-term value beyond hype narratives.

ERC 404​

Phygital NFTs​

Brands and NFTs to track and reward customers for their loyalty and engagement.