Introduction to NFT Trading

What you’ll learn?

• NFTs (non-fungible tokens) are unique digital assets, unlike fungible tokens like ERC-20 or BEP-20
• NFTs represent digital art, collectibles, in-game items, and more, providing proof of ownership and authenticity
• NFT sales have grown significantly, with collections like Bored Ape Yacht Club and CryptoPunks being prominent
• NFTs can provide utility beyond just being collectibles, such as access to events, discounts, etc.
• OpenSea, Magic Eden, and Blur are popular NFT marketplaces across various blockchains
• NFTs have a floor price (lowest available price) and an asking price
• Rarity traits and characteristics determine the uniqueness and value of individual NFTs within a collection
• Tools like rarity.tools and traitsniper.xyz help identify undervalued NFTs based on rarity
• Trading terminals like Tensor and marketplaces like OpenSea Pro aggregate data across exchanges
• Creating your own NFT collection is easy with no-code platforms like launch.mynft.io
• NFTs can be used as collateral for loans on platforms like Arcade, allowing access to liquidity

The speaker believes NFTs have a bright future and we are still early in the adoption cycle. Having a portion of your portfolio allocated to NFTs is recommended.

Content Chapters

00:01 – Introduction to NFTs (non-fungible tokens) and how they differ from fungible tokens
01:48 – Overview of the NFT sector, including sales, prominent collections, and artists
03:48 – Google search volume and popularity of NFTs over time
04:22 – Relationship between NFT popularity and the prices of Bitcoin and Ethereum
05:33 – Floor price and price trends of various NFT collections
07:06 – Bitwise NFT index fund and its performance
07:30 – Commonly used NFT marketplaces: OpenSea, Magic Eden, and Blur
12:16 – Acquiring NFTs through whitelisting and minting or on the secondary market
14:00 – Compatible wallets for NFTs (MetaMask, Phantom, Ledger)
14:35 – OpenSea: Exploring the marketplace, buying, and selling NFTs
19:00 – Magic Eden: Features, supported blockchains, and buying NFTs with Bitcoin
21:20 – OpenSea Pro: Aggregating data from multiple marketplaces
22:28 – NFT trading terminals: Tensor Trade, Hyperspace, and marketplaces like Solanart
23:36 – Using Tensor Trade to analyze and trade NFTs
26:18 – Identifying and sniping undervalued NFTs using tools like traitsniper.xyz
28:54 – Other NFT marketplaces: Veve, NFT Hive, and AtomicHub
30:17 – Creating your own NFT collection using launch.mynft.io
33:16 – Arcade: Lending and borrowing NFTs to access liquidity
39:17 – Defaulted loans and the process of transferring NFTs to lenders
41:39 – The future of NFTs and their importance in a digital asset portfolio