Table of contents:
- What exactly is an NFT?
- What is the difference between an NFT and Cryptocurrency?
- What is the purpose of NFTs?
- How to buy NFTs?
- Should you buy NFTs?
- The use cases of NFTs
- Mobile apps to create, buy & sell NFTs
- Graphic art
- GIFs
- Videos and sports highlights
- Collectibles
- Virtual avatars and video game skins
- Designer sneakers
- Music
- To begin, you must obtain a digital wallet that allows you to store NFTs and cryptocurrencies. Depending on the currencies accepted by your NFT provider, you may need to acquire some cryptocurrency, such as Ether.
- You may now buy cryptocurrency with a credit card on platforms such as Coinbase, Kraken, eToro, and even PayPal and Robinhood. You’ll then be able to transfer it from the exchange to your preferred wallet.
- As you study your alternatives, keep costs in mind. When you acquire cryptocurrency, most exchanges charge at least a portion of your transaction.
1. NFT gaming will add value
Let’s start with the most important. In gaming, NFTs may unlock and add value to previously experienced gameplay. As Chris Clarke of KokoSwap explains: “In the gaming industry, it’s something where if the gamer is putting their value into the game, it just makes complete sense they can take this value out of the game.”
This is Ubisoft’s point of view, as evidenced by the deployment of its platform, Quartz, and its in-game NFT, Digits. Quartz was launched by the publisher at the end of 2021, and it has remained on course. This is critical because NFTs can effectively establish a second-hand market for digital games and things.
2. Play-to-earn games will be huge
A healthy internal market and economy might be beneficial. The emergence of Play-to-Earn games like Axie Infinity is signaling the way forward. Some gamers may even make a living off of these games. Play-to-Earn games like Axie Infinity, which have 3 million daily active users, aren’t going away.
While many Play-to-Earn games resemble non-NFT titles such as Pokémon and Stardew Valley, there are claims that some are simply backdoor blockchains, with the gameplay coming second to buying and trading cryptocurrency disguised as collectible items. Aleksander Leonard Larsen, the co-founder of Axie Infinity, stated that 50% of its users had never utilized bitcoin before playing the game during a panel discussion on the metaverse at Token2049. This demonstrates how NFT games may aid in the development of UX design and the accessibility of blockchains.
Even successful Play-to-Earn games, such as Axie Infinity, maybe a challenge to negotiate crypto wallets, buy-in fees, hidden expenses, and more before you can begin earning a prized Axie. There is an opportunity for improvement, maybe by combining the greatest concepts and UX designs from Play-to-Earn and Free-to-Play.
However, the concept of Play-to-Earn games is comparable to Free-to-Play games, so the roots are still there for gamers to connect with, as long as ‘Play’ is always prioritized above ‘Earn’ and they aren’t money-grab trade applications disguised as cuddly animals.
3. One-of-a-kind in-game inventory items
Though many mainstream games create one-of-a-kind items with various rolls, one-of-a-kind items for usage within a gaming world have not been viable since skilled players can nearly always exploit a local or even server-based database to either edit, duplicate, or remove these items.
A blockchain-based inventory system might keep track of each instance of a certain item, ensuring that there is only a limited amount in circulation throughout a game’s ecosystem.
As seen above, NFTs are employed by the game Gods Unchained, which was created by a former director of Magic: The Gathering. True scarcity generates value in the real world based on elements such as the item’s in-game utility and, of course, the popularity of the game.
It’s similar to collecting rare, tangible Magic: The Gathering cards, or any collector’s item. This implies that NFTs will bring a whole new level of realism to trade when rare items are unique and limited throughout the whole gaming ecosystem.
Mobile apps to create, buy & sell NFTs
Some of the greatest NFT applications for iPhone allow you to create, mint, and trade artwork. The process of minting — registering an NFT on a blockchain – is becoming more straightforward. More applications and platforms are now providing user-friendly UX design for those new to the world of cryptocurrency. Other applications just allow you to search for and collect your favorite NFTs.
1. Sketchar
Sketchar is an NFT app for those who believe NFT art to be overly simplistic. It will teach you how to draw and will allow you to create your own art, mint it as an NFT, and then sell it on the app’s marketplace. AR training is used in the app, you just need to hold your phone over a piece of paper and look at the screen to see the line art that needs to be followed.
Platforms: iOS, Android
Reasons to buy:
- Learn to draw using AR
- Create NFT art in-app
- Has its own NFT marketplace
Reasons to avoid:
- Doesn’t link to other marketplaces
2. Pixl
Pixl’s concept is that you can mint NFTs inside the app by using photographs from your own photo album or images from Instagram, this also being the reason why this app stands out. Pixl has features for creating a profile and joining the NFT communities, which, along with the Instagram connectivity, makes the app a social NFT app worth trying out. If you want to learn more about NFTs but despise the language, this is the app for you.
Platforms: iOS
Reasons to buy:
- Create NFTs in-app
- Sell NFTs on multiple marketplaces, including OpenSea
- Integrated with Instagram
Reasons to avoid:
- Has limited NFT creation uses
3. NFT Go
While some of the applications on this list allow you to produce art, mint NFTs, and access markets, NFT Go only allows you to perform two of the three. This program allows you to mint pre-made art as NFTs and then publish it to different NFT markets, as well as explore marketplaces and make, buy, and sell NFTs all within the app. However, while the UI is sleek and straightforward, making things appear simple, the program might be sluggish and have hidden fees.
Platforms: iOS
Reasons to buy:
- Share NFTs to multiple marketplaces
- Can be expensive to use
Reasons to avoid:
4. OpenSea: NFT Marketplace
As the largest and oldest NFT marketplace, OpenSea provides every type of art and NFT you could want — art, games, music, and more. The software serves as a portal to OpenSea’s market, allowing you to explore and tag art to purchase later from your PC. It’s a convenient method to keep track of NFT dips and pricing while you’re out and about. Aside from the lack of a wallet connection, the OpenSea app includes a variety of functions to get you started with NFTs. You may search by collections, save things for later, link to blog articles, and connect your OpenSea profile to the app to see whether someone has bid on your collection while you’re on the road.
Platforms: iOS, Android
Reasons to buy:
- Browse the world’s largest NFT marketplace on your iPhone
Reasons to avoid:
- You can’t send NFTs to OpenSea
Although mobile applications aren’t the most popular means at the moment to purchase and sell digital assets, NFT trading apps are expected to enter the app ecosystem in the same manner that cryptocurrencies did.
In the end, treat NFTs in the same way you would any other investment: complete your research, recognize the dangers, including the possibility of losing all of your investment money, and continue with care if you decide to take the leap.
If you’re looking for more information and directions for your NFT mobile app idea or looking to hire the best iOS or Android app development team, then you should meet our professionals and give them an insight into your project’s idea. Appssemble always keeps up with clients’ requirements and builds something professionally unique by understanding the culture of their business. Until the next article, do your research before investing, and after that, do it with faith and reliability.