NFTs are blockchain-based cryptotokens considered to be unique assets. They can exist in the real and in digital forms. NFTs allow holders to prove not only their authenticity, but also the origin of the underlying asset. Together with them, the concept of scarcity came into world of virtual means. By creating NFT tokens in Lithuania on Blockchain, the authors established a direct interaction with their fans without any of the risks associated with platforms. People, regardless of their location, interact with NFT contracts on the same terms, remaining free from proprietary platforms and their associated restrictions. NFTs based on Blockchain cannot be changed. This gives a sense of ownership and reliability. Open NFT standards lead to network effects and ultimately, we think, to many exciting innovations in digital goods. Our specialists can provide qualified assistance in selecting software for hosting NFT and organizing work through it. In cooperation with our partners, we offer quality solutions for the placement and trading of NFT tokens.
What are NFT tokens?
NTF has a significant difference from: crypto-currencies – the so-called fungible tokens. NFTs are unique and can be assigned to crypto art objects. NFT certificates are already intellectual property, the copyright of which is confirmed in the blockchain. The main feature of the NFT-record is the inability to change, replace, distort, duplicate it.
Essentially, when you buy NFT non fungible tokens, you get a certificate of authenticity of a specific work: photos, videos, domains, digital illustrations, virtual plots of land, objects and characters from video games. Anything tokenized on the blockchain can be found on digital marketplace.
What can be done through the NFT crypto marketplace in Lithuania?
As for NFT-platforms, these’re trading spaces where users can create, trade, buy and store tokens. They ensure the mining and trading of NFTs on a global scale, and the blockchain, as the underlying technology, ensures the transparency of the process of tokenization and trading of digital means. There are several types of non-fungible tokens software.
- Self-service – make it possible to create your own space for minting (issuing) tokens and independently assign a percentage of remuneration from each sale.
- Supervised — only approved clients can use the minting of tokens, such a filter allows the sites themselves to improve the quality of unique digital assets.
- Universal NFT software solutions in Lithuania – provide the opportunity to trade all varieties of tokens, from ordinary pixel art to 3D models and rare sports cards for collectors.
- Specialized – narrowly focused niche projects for connoisseurs, created for certain categories of NFTs. These are specific features: for example, short clips of the best moments of the NBA, holograms, collections of paintings by selected artists, etc.
How to buy NFT tokens in Lithuania
If you want to purchase or sell NFTs, best option to start is with a marketplace. Among many different marketplaces, you are sure to find one that suits your needs. NFT crypto marketplace may be a great way to get new and interesting tokens to collect. They can also be a good place to trade or sell NFTs that you no longer need. However, it is important to research any market before trading NFTs on it. Some marketplaces may not have a good reputation or offer good prices for traded NFTs.
In case you are seeking an NFT-marketplace, there’re a few things to keep in mind. First, consider types of NFTs you want to buy, sell, or trade. Second, look for a market that offers the features you want and that has a good reputation. Finally, research NFT prices on market before trading.
Liquidity and sizes of crypto art NFT marketplace
In early days of the NFT, most of what was on market could be categorized as collectibles. These types are typically bought and then held by the buyer in the hope that the asset will eventually appreciate in value.
However, as with physical paintings, the ability to resell an asset on the market can be difficult, especially if the underlying asset is not currently popular. Therefore, it is important to remember that buying NFT world tokens is significantly different from buying bitcoin, which is always liquid, due to the large market volumes on crypto-currency exchanges. Depending on the type and popularity of NFTs purchased, you may face long-term low liquidity and low demand for the asset in anticipation of its growth in value.
NFT tokens price in Lithuania
NFT tokens do not have to be considered only as something valuable in terms of uniqueness, they are also an excellent investment tool. If in the real world we have a rough idea of how the price of art objects is formed, then in the case of the blockchain, a completely new and incomprehensible creative market appears, where the price does not depend on artistic points at all.
NFT token cost is set by marketplaces. It’s almost improbable or very complicated for the owner of this asset to independently determine the value and establish it correctly. In addition, it is impossible to predict the amount with accuracy, but it is influenced by the level of media coverage of the seller. Today, value of vast majority of NFTs is determined only by their price, but it should be the other way around – the value of a certain NFT should determine its price, even if this value is abstract and subjective.
NFT is growing in value due to the growing interest in it and the marketing around it. When creating an NFT token, the author sets the initial price, focusing on his/her own expectations. It can be variable or fixed prices. One way or another, the author himself/herself sets price range. At the same time, the price of NFTs may rise or fall depending on how much this product will be in demand and popular. NFT collection prices in Lithuania can skyrocket simply because some popular media person has purchased or even advertised some of them.
Our experts are ready to provide full support and comprehensive assistance in finding and selecting the best NFT platforms for trading this type of tokens. We are collaborating with several partners to expand our range of offerings and reach more of this market segment.