“What is an NFT?” NFTs stand for Non-Fungible Tokens. So that’s your answer. Let’s break down what that means. Being ‘non-fungible’ implies that one NFT cannot be exchanged for another as it is unique and cannot be replicated.
On the other hand, a cryptocurrency is ‘fungible’, meaning one can be traded for another, and there is usually an ample supply. Still, for each NFT, there can only be one and never another. This is the core difference between what is a crypto and what is an NFT. The Sandbox and Decentraland are well-known NFT marketplaces, as their users can buy virtual real estate in the form of NFTs and sell their virtual artwork on these metaverse platforms. DogeMiyagi (MIYAGI), however, aims to provide an NFT collection that is truly different. Something likely to resonate with both new and old NFT collectors because the collection is based on the 80s blockbuster Karate Kid.
Exploring the Sandbox
Based on the Ethereum blockchain, it’s a game played on the Metaverse, similar to Roblox. However, users can buy virtual land that can become their own NFT. Sandbox has drawn the public eye with collaborations from celebrities such as Snoop Dogg and Paris Hilton and brands such as Adidas and Gucci.
How Can You Earn Money On The Sandbox?
For users on Sandbox, there are two ways to monetize: Vox Edit and Gamemaker. These are important tools with Vox Edit allowing users to create digital assets such as avatars and other virtual artwork. Users can then sell these on the Sandbox Marketplace, the Sandbox secondary marketplace, at an agreed-upon price using cryptocurrency like Ethereum (ETH).
On the other hand, the other tool that can be used for the same purpose is Game Maker. Users can create and share their games within the Sandbox metaverse, which can be made without any technical knowledge. Upon completing the game, they can monetize in two ways: by inviting others to play or by selling the game to those interested in the Metaverse.
Exploring Decentraland
Decentraland has similarities as well as differences with the Sandbox. While it also allows for the virtual buying and selling of plots of land as NFTs, the core difference is that it cannot be done using Ethereum like the Sandbox. One has to use the decentralised cryptocurrency known as MANA.
How can you earn money on Decentraland?
Like the Sandbox, users can monetize by buying and selling virtual real estate as NFTs. In addition to gaming and entertainment, they sell their virtual artwork and even provide services such as helping others manage their virtual real estate portfolio.
What is so special about DogeMiyagi NFTs?
What is an NFT, and how is it related to Dogemiyagi? DogeMiyagi NFTs are inspired by the 80’s Karate Kid movie. This movie has become popular due to Cobra Kai, the popular Netflix series. So the NFT collection drawing inspiration from the film is funny and quirky and aligns with the overall purpose behind DogeMiyagi: to create a robust, united, and vibrant community.
A diverse community with no boundaries ranging from fans of Karate Kid and Cobra Kai to Martial Arts followers and more. In line with this, the DogeMiyagi NFT collection is bound to appeal to new and old NFT collectors due to the humour, theme, and culturally relevant nature of the NFT collection
So do your research, and stay tuned for more updates using the website details and socials below.
DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi