🎨 Understanding NFT Standards
| Standard | Blockchain | Type | Description |
|---|---|---|---|
| ERC-721 | Ethereum | NFT | Original NFT standard, each token unique |
| ERC-1155 | Ethereum | Semi-fungible | Supports both fungible and non-fungible tokens |
| ERC-6551 | Ethereum | Token Bound Accounts | NFTs that can own other assets |
| SPL | Solana | NFT | Solana's token standard |
| BRC-20 | Bitcoin | Ordinals | Bitcoin-native NFTs/tokens |
| ASA | Algorand | NFT | Algorand Standard Asset |
🏪 Top NFT Marketplaces
| Marketplace | Blockchain | Fee | Specialty |
|---|---|---|---|
| OpenSea | Multi-chain | 2.5% | Largest marketplace |
| Blur | Ethereum | 0% | Pro traders, aggregator |
| Magic Eden | Multi-chain | 2% | Solana leader, cross-chain |
| Rarible | Multi-chain | 1% | Community governance |
| Foundation | Ethereum | 5% | Curated art |
| SuperRare | Ethereum | 3% | Premium 1/1 art |
| LooksRare | Ethereum | 2% | Trading rewards |
| Tensor | Solana | ~1.5% | Solana trading |
| Ordinals.com | Bitcoin | Varies | Bitcoin Ordinals |
📊 NFT Categories and Use Cases
| Category | Description | Notable Examples |
|---|---|---|
| Profile Pictures (PFP) | Avatar collections | Bored Ape Yacht Club, CryptoPunks, Azuki |
| Digital Art | One-of-one artworks | Beeple, XCOPY, Refik Anadol |
| Generative Art | Algorithm-created art | Art Blocks, Fidenza |
| Photography | Digital photo NFTs | Justin Aversano, Cath Simard |
| Music | Tokenized music | Sound.xyz, Royal |
| Gaming Assets | In-game items and characters | Axie Infinity, Gods Unchained |
| Virtual Land | Metaverse real estate | Decentraland, The Sandbox |
| Domain Names | Blockchain domains | ENS (.eth), Unstoppable Domains |
| Memberships | Access passes | Moonbirds, Doodles |
| Real World Assets | Physical item certification | Luxury goods, real estate |
| Soulbound Tokens | Non-transferable credentials | Education, identity, reputation |
| Dynamic NFTs | NFTs that change based on data | Sports stats, weather-based |
🔍 How to Evaluate an NFT Project
Key Factors to Consider:
Team and Founders
- Are they doxxed (publicly known)?
- Track record in crypto/art/business?
- Active on social media?
Community
- Discord/Twitter engagement
- Organic vs. bot followers
- Community sentiment
Art/Design Quality
- Unique aesthetic
- Professional execution
- Trait rarity distribution
Utility and Roadmap
- What do holders receive?
- Realistic milestones?
- Token integration?
Smart Contract
- Audited?
- Fair mint mechanics?
- Royalty structure?
Market Metrics
- Floor price trend
- Trading volume
- Unique holders vs. total supply
- Listed ratio