NFTs are becoming increasingly popular and many feel that EH is the only option for NFTs this is far from the truth many alternative blockchains with NFT markets, Blockchain games, and NFT creation. BNB and EOS variants are well as even a few based on the ETH system but separate blockchains like TRX Tron and TT thunder token this is just to name a few.
The daily show mentions NFTs
Its great any time that crypto or blockchain gets a mention on traditional media however they do mention the environmental impact issue of old Proof of Work PoW systems no longer used by ETH for one and for two as i stated above plenty of alternative blockchains have NFTs.
My favorite systems for NFTs are variations on EOSIO RAM based blockchain systems for transactions and mining as apposed to CPU based assets Like ETH or BTC originally I focused on Hive games and NFTs but lately I have been focusing on WAX. If not on
Hive join Hive here
https://peakd.com/register?ref=chubb149
I have sold thousands of dollars worth of NFTs on WAX in less then 2 months, that's right less then 2 months to sell 4851.50 WAX($1113.42) Not bad for a side hustle. Todays post will first go over the basics o WAX such as exchanges where to purchase it the different types of WAX the ETH bridge feature (only if you want to mess with ETH). After the basics part two will address the volume of sets I sold how much I'm still selling
Types of WAX- WAXE, WAXG, & WAXP
There are a few forms of WAX with different ledgers and features baking them.
WAXP
WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS.
The custom features and the incentive mechanisms developed by WAX are intended to optimize the blockchain’s utility specifically for use in e-commerce, with the goal of encouraging voting on proposals.
To make this possible, WAX created a suite of blockchain-based tools which decentralized application (DApp) marketplaces and non-fungible tokens can be built upon.
What Makes WAX Unique?
WAX features a WAXP-to-Ethereum (ETH) bridge that allows WAXP token holders to convert their tokens into WAXE, which is an Ethereum-based ERC20 utility token.
Users willing to participate in WAX tokenomics need to burn their WAXP tokens in order to get WAXE through the Ethereum bridge. They will then need to stake the WAXE tokens on the Ethereum distribution contract.
WAXG is an Ethereum-based ERC-20 governance token that is distributed to WAXE stakers. The distribution is based on a set timetable and is proportionate to the percentage of the WAX Economic Activity pool. The token holders can govern the allocation and distribution of economic value on the platform as a result.
The WAX Economic Activity pool is a smart contract that accumulates a percentage of generated WAX fees and can be converted into ETH for distribution to WAXE stakers. It can also be given to WAXG token holders that decide to burn the tokens they already have.
WAXE and WAXG
WAX features a WAXP-to-Ethereum (ETH) bridge that allows WAXP token holders to convert their tokens into WAXE, which is an Ethereum-based ERC20 utility token.
Users willing to participate in WAX tokenomics need to burn their WAXP tokens in order to get WAXE through the Ethereum bridge. They will then need to stake the WAXE tokens on the Ethereum distribution contract.
WAXG is an Ethereum-based ERC-20 governance token that is distributed to WAXE stakers. The distribution is based on a set timetable and is proportionate to the percentage of the WAX Economic Activity pool. The token holders can govern the allocation and distribution of economic value on the platform as a result.
The WAX Economic Activity pool is a smart contract that accumulates a percentage of generated WAX fees and can be converted into ETH for distribution to WAXE stakers. It can also be given to WAXG token holders that decide to burn the tokens they already have.
Wax cloud wallet
Since WAXP, WAXE, & WAXG are all your standard crypto they can be stored on a Wallet including hard wallets mobile wallets ect. However there is a really useful DAPP WAX cloud wallet
https://wallet.wax.io/dashboard
This is a site that acts as cloud storage for the wax crypto and NFTs on your account or Wallet as well as offering the Bridge for burning WAXP to get WAXE or WAXG.
WAX cloud wallet also has staking options and offers a directory of WAX NFT markets games and DAPPs.
Atomic Hub
One such DAPP NFT market place is https://wax.atomichub.io/market
This is a WAX or EOS based NFT market facilitating trade and Sale of many popular NFTs including but defiantly not limited to splinterlands cards and land plots, KOGs, Garbage Pale Kids, Atari, Street Fighter, Dark country, Alien World, Rplanet, & much much more.
The most Important of these to me at first as a Hive user was Splinterlands assets which can sell at double the value easily on WAX NFT markets like.
https://wax.atomichub.io/market
However there is a small catch GAS fees are handled a bit different on WAX then what you may be use to. You use Network RAM in order to post NFTs for sale, To mint NFTs, or to trade NFTs, So how does one get Network RAM? For now I simply purchase RAM when prompted with WAXP but also simply staking WAXP will give you some network RAM
As of yet I cant find some option to donate RAM but I'm sure if not an option now it will eventually be one I hope.
As I have Quite a bit of experience with this process I may miss something obvious to me please ask if stumped in the comments.
Since joining WAX wallet a little less then a month ago I have been busy Buying selling and minting NFTs on atomic Hub. So far I have sold over 4846.50 WAX($1118.09)USD worth of NFTs in a little over a month.
Total number of WAX NFTs sold 965
Total number of WAX NFTs purchased 378
Total amount of WAX NFTs owned 1543
Total value of all my WAX accounts NFTs Market appraisal Estimated Value: 10,101 WAX $2,333.
The most expensive of which are KOGS and Splinterlands legendary gold cards
How do i get my inventory I try to focus on cheap packs of NFTs which can be opened I prefer Splinterlands cards $2 or $3 a pack with five cards NFTs per pack I have gotten 3 NFTs worth roughly $700 you can purchase many forms of WAX NFT packs that are a little more expensive but function similar to splinter lands assets meaning you purchase a pack of randomly determined NFTs in a particular series of a collection. I sell mostly individual NFTs and I prefer to purchase rare NFT collections from well known producers or something with a high sale volume.
Getting started for free
Getting started can always be tough I give out lots of free NFTs 35 a week and occasionally throw in crypto on my Hive airdrops daily https://peakd.com/@chubb149
Since last Sunday I have given away 20 NFTs and around $60 in crypto but that's a special occasion. But other then my generosity which has to have some limits there are a few services for new to WAX blockchain users to get a start for free.
Alien Worlds Free NFT mining simulation game (Best paying service and its the easiest) https://alienworlds.io/
Complete your free NFT collection and earn even more while doing it win win try the first social NFT collector site on the WAX blockchain
https://collect.social/referral?r=akyqy.wam
Another free WAX game that can help out new users A business sim game WAX tycoon
https://waxtycoon.io/
Another free mining game prospectors
https://wax.prospectors.io/
These all are free services that can pay real crypto and NFTs you can stake NFTs to Rplanet to make more off the free NFTs
long story short the NFT staking can produce valuable mining NFTs through element combination in Rplanets interface
Wax is where it all happens
Topps just started selling garbage pale kid packs in store with R codes corresponding to a WAX NFT kind of how a paper wallet works. NFT production is easy through WAX wallets Atomic hub interface I personally have designed and sold 100s of my own WAX NFTs already using atomic hub
https://wax.atomichub.io/market
to use WAX wallet Dapps I suggest the WAX cloud wallet
I produce mostly marijuana NFTs available via the QR above or the following link
https://wax.atomichub.io/explorer/account/akyqy.wam
the link is to my account inventory Splinter lands assets, KOGS, Godzilla official NFTs, street fighter Capcom NFTs, my own NFTs rap monster NFTs and to much more to name over 1,500 separate NFTs for sale at the link above.
Single claim NFT airdrop
The following link will reward the first lucky reader to click it with 5 free NFTs some white listed some not. Afterwards the URL is claimed once it will no longer be active,
https://wax.atomichub.io/trading/link/44780?key=5J4SvUsn8r8aQzDC5G34NNzq8SKLBXtoxqakWBQQoC8Cpq3Fdnd
Please let other readers know once the link has been claimed in the comments it helps.
If you missed this link I give out airdrops daily here
4/20 Air Drop
Sorry to sound like a broken record about this but I'm just making sure all my readers know this 4/20 I'm doing my second NFT airdrop. First 42 people to leave their WAX wallet address on my Weedcash post on 4/20 Titled 4/20 airdrop get exclusive event only NFTs & a NFT joint with WAXP reward to burn.
If you want to purchase any of my thousands of NFTs they can be found here
https://wax.atomichub.io/explorer/account/akyqy.wam
