Algorand NFT's
What are they?
- NFTs are digital assets that can take the form of art, music, in-game items, videos, and more.
- They use the same underlying software as many cryptos and their market value has been growing rapidly in recent years.
- NFTs are generally one of a kind or have very limited runs which makes them unique.
- The increase in demand for NFTs should theoretically raise the value of the asset.
- Originally NFT's were mostly artwork but they have developed significantly beyond just art. You can now purchase music ownership rights, fractional ownership of rental properties, unique domain names and so much more.
Where can I buy or sell one?
Algorand is a leading blockchain for NFT creation. Below you will find a brief description about some NFT projects as well as a direct link to their websites. Its as easy as connecting your wallet and making a purchase. The interface for these DAPPS is very user friendly.
Music NFT's
OPULOUS (OPUL):
Imagine a world where you could own a piece of your favorite musician's soul. Or where you could purchase a digital art piece and be confident that it would appreciate in value over time. With Opulous, this world is not only possible, but reality. Opulous is a non-fungible token (NFT) platform built on the Algorand blockchain. NFTs are digital assets that are unique and cannot be replicated. This makes them perfect for collectibles, art, and other items that are valued for their uniqueness. Opulous NFTs are created by minting new NFT's through purchasing with the Algorand native token (Algo). This process is similar to how fiat currency is used, but with one key difference: Opulous NFTs are minted in a finite amount and ownership is indefinite unless sold or transfered to another wallet. This means that they have the potential to appreciate in value over time, making them a sound investment for those who are looking to build their portfolio. So how do you buy an Opulous NFT? The first step is to create an account on the Opulous website. From there, you will need to deposit some Algos into your account. Once you have done this, you will be able to browse the available NFTs and make your purchase. It's as simple as that! So what are you waiting for? Start building your collection today!
Opulous has a native token called the OPUL which can be found on exchanges such as Mexc and Tinyman
Dequency:
Dequency is the first blockchain-powered sync licensing platform. Algorand makes it easy for creators of web3 to discover each other and easily collaborate on audiovisual projects like NFTs, metaverse productions, and on-chain games! Dequency is building a decentralized ecosystem where the creators of visual media can find the music they need to make their project come alive, and where musicians can showcase their work to a new audience. Using cryptocurrency, Dequency will make it easy to license music and pay musicians for their work. So if you're looking for some fresh tunes for your next NFT drop, or just want to explore the world of crypto-powered music, check out Dequency!
Simply create a login and connect your Algorand wallet. Content creators can upload their projects and buyers can purchase licensing rights to the content available on the marketplace.
Limewire:
Algorand and LimeWire are teamed up to launch a new marketplace for music-related assets. The marketplace allows fans and collectors to buy and trade a variety of assets, such as limited editions, pre-release music, unreleased demos, graphical artwork, exclusive live versions, as well as digital merchandise and backstage content.
LimeWire aims to make onboarding easy for NFT newbies, with a quick and easy signup, seamless KYC and items priced in US dollars. All you have to do is create a login, deposit your Algo's and you can purchase unique art and music NFT's.
Limewire has announced that they will be launching their own native token in Q4 2022.