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What cryptocurrencies or tokens have been used for buying and selling NFT's?

By Crypto4you23 | Cryptoanswers22 | 27 Sep 2022


Introduction:

 

NFTs are on everyone's lips as they are a great way to invest in unique items but can you invest in the companies associated with these NFTs? 

Another question you may ask yourself is: but what can we buy an NFT with? They are unique, digital files.

 

How do I buy one?

 

Like any online purchase, really.

We have to find out what we want to buy as the method of payment or purchase could vary.

How to buy, then? It will depend on the NFT itself, on the website where you are going to buy it. Using pages like Coin Ranking, you can see some of them, and from the web, you can go directly to buy them.

There are also specialized websites such as Makersplace, a Marketplace, to find "unique digital creations" and where you can purchase or sell your creations in the corresponding section.

 

How are they paid?

 

It depends on what you buy or where, if you are the first buyer or not.

To do this, you connect a cryptocurrency wallet to dedicated stores or marketplaces, and so you can manage your purchases and sales.

Depending on the website or the investment you are going to make, you can connect specific wallets.

However, they are generally compatible with Coinbase Wallet or MyEtherWallet, as we have seen in some of the NFTs websites or marketplaces.

But once you enter the NFTs market, it is advisable to do it with a digital wallet or a cryptocurrency that can be Ethereum, Bitcoin Cash.

 

What are the Best NFT Cryptocurrencies?

 

•    Wax (Wax)

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WAX (WAXP) is a digital asset with a market cap of $386.4M. WAX ranks 137th in global cryptocurrency rating with an average daily trading volume of $49.8M. Currently, its price is around $0.25 approx.

Basically, and in a nutshell, Wax is an online platform that allows you to buy, sell and trade all kinds of virtual items.

They call themselves "The King of NFTs."

WAX is a blockchain and token protocol specially designed to make e-commerce transactions faster, easier and safer for all participants.

 

•    Chiliz (CHZ)

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They define themselves as follows:

"The world's leading provider of blockchain technology for sports and entertainment."

Chiliz developed the Socios.com sports fan engagement platform based on the Chiliz blockchain infrastructure and uses $ CHZ as the exclusive currency on the platform.

Chili is a currency option for blockchain-backed products and services targeted at mainstream consumers.

 

•    Flow (FLOW)

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Investors include significant backers such as Andreessen Horowitz, Warner Music Group, Union Square Ventures, Digital Currency Group, and more.

The idea for a new blockchain targeting gaming and social networks was conceived after Ethereum faced major scalability issues, as seen with high transaction fees during the CryptoKitties hype.

The Flow team deduced that shards and sidechains were not long-term solutions for applications struggling with performance.

In search of optimization, the company decided to push its project, and Flow was born.

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Conclusion:

  Feel free to share in the comments below the best cryptocurrency opportunities to buy, sell, and trade your cryptocurrencies.  

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