Cryptocurrencies like Bitcoin, Ether and Dogecoin are tokens, but not all tokens are meant to be used as money. NFT marketplaces commonly provide access to past sales data and price graphs, allowing users to estimate the value of NFTs and make well-informed decisions when buying or trading. Another exciting, vibrant and viral collection is the Cool Cats. It features 9,999 randomly generated NFTs that also possess unique traits, such as CryptoPunks. Depending on the how to create a dao “coolness”, label and traits, the value of NFTs may differ. In addition, the Cool Cat holders can get access to some unique events.
First, you usually have to buy a cryptocurrency, like Ethereum. Some of the popular ones include KnownOrigin, Rarible and OpenSea. “You’re not buying the picture,” said Jake Brukhman, founder of cryptocurrency investment company CoinFund.