New to NFTs
Here’s our Guide & dApps to get Started!
What are NFTs?
NFTs are Non-Fungible Tokens or something that cannot be changed or altered after it’s created. NFTs are created on the blockchain making them uniquely identifiable meaning NFTs can be used to certify possession and authenticity. Web3 users can create, buy, sell, or trade NFTs on the blockchain in a few simple steps. Let's Get Non-Fungible!
NFTs can be tokenized versions of real-world assets (such as a house and an NFT of that same house) or can be entirely digital only (such as Pancake Squad). Examples of NFTs include music, digital artwork, in-game items, tickets, sports highlights, character avatars, memes, and more.
Two of the most expensive art collections include ‘Merge’ by Pak and ‘Everydays: The First 5000 Days’ by Beeple. Traditional art galleries such as Christie’s and Sotheby’s also auction NFTs from leading artists such as Banksy apart from hosting physical works of art. Nike uses CryptoKicks, a patented system to identify ownership of sneakers using NFTs.
Quentin Tarantino released NFTs based on scenes from Pulp Fiction in 2021 while Deadpool 2 released limited edition NFT movie posters in 2018. Eminem and Snoop Dogg collaborated on ‘From the D 2 the LBC’, a music video featuring BAYC NFTs.
How Do NFTs Work?
NFTs are based on frameworks established by BEP-721 and BEP-1155 on the BNB Chain. Other chains such as Ethereum utilize ERC-721 and ERC-1155 for NFTs. These standards establish the properties of the NFTs.
Features/Benefits of NFTs
- Ownership is on the blockchain.
- Anyone can create, buy, or sell an NFT.
- The creator receives royalties each time the NFT asset is sold.
- Gain access to special events, tickets, and features.
- In-game items, characters, land, benefits and daily bonuses.
- Utility NFTs such as BAB work as proof of identity.
- Domain names for websites, projects and individuals.
- Trace and verify ownership of sports collectibles.
How to get NFTs?
A user needs a digital wallet to buy, use, or trade NFTs. Check out our guide on creating a wallet with MetaMask, Binance Wallet, Coinbase, and more and connecting your wallet to dApps. Users can get NFTs primarily in three ways through first-hand minting, in the secondary market, and by making an original NFT.
Users can mint NFTs for the first time by participating in airdrops, bidding in auctions, through mystery boxes, or minting by purchasing the NFT when it gets listed. In most cases, first-hand acquisition of NFTs makes the NFT buyer the first owner of the NFT.
Users can also get NFTs by buying or trading NFTs on the secondary market. The secondary market is marketplaces where users can list, re-list, buy, sell, or trade existing NFTs or collections. NFTs purchased in the secondary market means that NFT has a set of previous owners that held and sold the NFT at some point.
- Make an NFT
Users can also make NFTs by using dApps such as Melos Studio and GiroGiro.AI to create and upload music, digital artwork, videos, etc. on the blockchain.
How to store an NFT?
NFTs are stored and accessed on the blockchain. This means a user needs a digital wallet that holds the NFT. However, in most cases, a user cannot view their NFT in their wallets alone (such as MetaMask). A user can view their stored NFT on any top NFT marketplace on DappBay.
How to sell NFTs?
Users can sell NFTs using any major NFT marketplace depending on the chain the NFT is on. A user needs to connect their wallets to the marketplace and select ‘list my NFT’, along with the price of the NFT, the collection it belongs to, details of the NFT, and finally, accept bids to successfully sell the NFT. Buying, selling, and trading NFTs requires gas fees in most instances.
What are NFT marketplaces?
An NFT marketplace is an online market to store, buy, sell, and trade NFTs by connecting your wallet to that marketplace. NFT marketplaces play a significant role in enabling the trading of NFTs in the secondary market.
How to select NFT marketplaces?
DappBay covers an extensive list of NFT marketplaces. The leading BNB Chain marketplaces include Element Market, CryptoBlades Marketplace, Radio Caca Market, Liquidifty, tofuNFT, Melos Studio, BitKeep NFT Market, NFTb, Cube, Rareboard, NFTrade, OpenMeta, and more.
Using the ranking feature on DappBay, you can select a list of NFT marketplaces on BNB Chain according to the number of users, number of transactions, social signal, and other important metrics in the last 24 hours, 7 days, or 30 days.
What are collectibles?
Collectibles are NFT collections that have value to collectors because of the unique properties of the NFT collection. For example, the rarity of traits in NFT collections determines the price and demand for those traits.
Music NFTs that belong to featured artists also make up collectibles.
Best Crypto dApps on BNB Chain
Depending on your need, purpose, and intent, you can use some of the best NFT crypto dApps on BNB Chain. From making NFTs to buying and selling on marketplaces, DappBay features some of the most used NFT dApps. Select a dApp, read the description, reviews, and analytics before exploring the dApp.
Kola LabsCreate derivatives of your music NFTs with AI technology. Web3 users can mint their on-chain digital audio IDs using Kola Labs. Users can import AI-driven music services across different metaverse systems. Get customization on 20+ music properties and 100% copyright-free music.
Melos StudioMelos Studio is a music NFT marketplace where users can listen-to-earn and access several music-related tools. Users can upgrade their favorite NFTs by merging them with their favorite music using Sonus. Users can also generate music NFTs using Mentis, a one-in-one music NFT generator. Artists can co-create music NFTs using Virtual Band with their friends or idols.
CoriteSupport your favorite music artists on upcoming campaigns on Corite, a platform made for artists and ruled by fans. Artists can use Corite to get funding from fans to use on marketing their music and engage fans. Artists get free distribution and share revenue with their fans. Some of the top artists that use Corite to get support from their fans include Alan Walker, Oscar Stembridge, and several upcoming artists.
RockiRocki is a leading music NFT marketplace. Music lovers can stream over 45,000 tracks featured by 9000 artists for free on the platform. Fans can buy music NFTs from their favorite artists with original artist releases and artists can release NFTs with ease on Rocki. Rocki also holds song competitions for artists releasing music on the blockchain with top winners taking home $10,000 in winnings. Have a great voice? Try your luck today!
CeekAttend live virtual concerts featuring world renowned artists such as The Game, French Montanna, Bon Jovi, Demi Lovato, Ziggy Marley, Ringo Starr, Ari Lennox, and more. Users can also attend web3 conferences featuring speakers such as Randi Zuckerberg. Buy or lease digital land in the Ceekverse to showcase artists, have digital concerts, and more. Sports and Esports fans have access to multiple shows across different channels on Ceek.
TopGoalPlay with legendary football cards and build your squad with football players including Del Piero, Owen, Kaka, Rivaldo, Park Ji Sung, Ashley Cole, Evra, and more. Players are ranked across 4 tiers with higher-ranked players gaining an advantage in games. Compete with other players and earn points to become the best football manager. TopGoal also launched Top Manager in October 2022. Return of Legends card holders can participate in the All-Star Genesis Airdrop Event. CMC users are also eligible for 10,000 TopGoal NFT airdrops.
GametaGameta also hosts several popular games such as Ghost Run, Tadpole Count, Clone Rush, and more for users on its platform. The rewards a user can win vary from in-game assets to NFTs and cryptocurrency. Gameta registered 1.75 million users in its launch month, making it one of the most popular game spaces on BNB Chain. Gameta also hosts an NFT marketplace for NFTs and collections from its hosted games.
HookedHooked gained over 330,000 users in its first week, making it one of the most successful BNB Chain projects. Hooked launched Wild Cash, a quiz-to-earn product in September 2022. When users register, they can claim one shovel which is an NFT. Users can mint their NFT and come back on different days to adventure and earn rewards.
Game SpaceGame Space hosts several popular games available for users to play on the App Store, Google Play, and Android. Game Space helps develop games such as Goat! Goat! and Merge Bird. Game Space also enables gaming companies and platforms to establish their own NFT marketplaces. Game Space SDK helps companies deploy their game in under a week saving time and resources.
MOBOXMOBOX features a host of games in the Momoverse including Block Brawl, Token Master, Tactical Party Slayer, and Trade Action. Users can create and explore the Momoverse and stand a chance to win a Mystery Box. Gamers use the Mobox NFT Marketplace to trade, acquire, or sell NFTs (or an individual Momo).
Element MarketExplore collections and marketplaces or become a verified creator with one of the leading aggregated marketplaces. The launchpad helps new projects get visibility while users get the chance to win mystery boxes. The ranking feature helps users identify trending NFT projects by volume, sales, owners, buyers, transactions, and other important metrics.
RareboardMint, trade, and explore NFTs on BNB Chain. Rareboard hosts over 2600 NFT collections across 12 marketplaces and has indexed over a million trades. Find upcoming collections minting on Rareboard along with the floor price, the volume traded, bids, analytics, and rarity. The Drops calendar lets users know of the latest NFT drops, presales, public mints, and the utility of the NFTs.
NFTbAccess your favorite NFTs and digital art on NFTb, an NFT marketplace and NFT collections platform. Users can also stake and earn NFTB in the NFTb Vault. Based on the amount staked in the vault, each user gains different levels of benefits and access to launchpad or upcoming projects on the platform. NFTb also hosts top gaming NFTs including Tap Fantasy, Burger Cities, Second Live, X World Games, and more.
TofuNFTDiscover the latest NFTs, activities, auctions, and NFT rankings, on TofuNFT. TofuNFT is one of the biggest cross-chain NFT marketplaces on over 30 chains. A user can switch between NFTs on BNB Chain to NFTs on Ethereum with the click of a button. Users can also search for NFT addresses or user addresses to search for specific NFTs or collections on the blockchain.
EX SportsEX Sports Starz is a platform for sports fans to buy, sell, and trade digital sports collectibles. Users can buy NFTs of their favorite sportspersons and redeem tokens for sports gear, meet and greets, match tickets, and more on the marketplace. For example, Diego Maradona’s Captain's armband during the time he played for Argentina is listed under special editions in the marketplace.
Polychain MonstersPolychain Monsters are digitally animated collectibles. A Polymon collection can be integrated into other games or art with each Polymon having different levels of rarity. Users can also battle each other and earn on the Polychain islands or participate in gaming tournaments.
ScapesScapes are SeaScapes’ original series of NFTs. Play games such as Zombie Farm, NFT Brawl or Profit Circus and mint your very own Scapes which can be traded or sold in the marketplace. Users are rewarded and earn when they burn, stake, or upgrade their scapes.
Pancake SquadPancake Squad is a set of unique NFT collectibles available on the PancakeSwap Marketplace. The series consists of 10,000 randomly generated NFTs with each possessing a set of unique properties. This hot collection has traded over 150,000 BNB in volume since its launch.
Double ProtocolDouble Protocol is a rental protocol for utility NFTs. If you’re looking to rent your NFT such as land in decentral land, or your ENS domain name, then Double Protocol enables you to earn returns when you lend your digital assets. Double Protocol is also a marketplace for GameFi and Metaverse assets.
MetassetAnyone can become an NFT promoter with Metasset and monetize their traffic. Users can open a store, get a badge, recommend an NFT from a list of NFTs, and earn commission directly on the blockchain. All Metasset points holders will be eligible for a share of the pool of tokens at the token launch event so keep collecting.
GiroGiroAIGenerate intelligent and dynamic NFTs using artificial intelligence. GiroGiro.ai brings NFTs to life with an AI interoperable layer.
Orange ProtocolClaim non-transferable NFT drops with Orange Protocol. Each NFT represents an individual’s reputation in that subject or area and gives users special participation in discord channels, access to POAPs, and more.
Space IDReplace your complicated web3 address with a human-readable identity. You can manage all your information, wallets, socials, and blockchain assets using your Space ID. Register your .bnb domain name using Space ID today!
Are NFTs A Scam?
In some cases, yes, some NFTs can be scams depending on the projects, use cases, and intent of the creators. Always check the legitimacy of the project, the track record of the creators, the number of NFTs minted on the smart contract, a project’s roadmap, and other key details of any NFT or project. Users can also use the Red Alarm and Risk Scanner to filter through harmful dApps and contracts on DappBay.
Looking for dApps with NFTs and rewards? Check out the BAB exclusive benefits and rewards and you might just get your first NFT. :)
Looking for something more current? See what’s trending in our monthly edition of dApps of the Month on BNB Chain on DappBay!
Disclaimer: The information provided through the BNB Chain community does not constitute advice or recommendation for investment or trading. Projects are listed in no particular order above. BNB Chain does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.