Turning digital files into non-fungible tokens is simple. Here’s how to get started with minting your first Ethereum NFT.

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In this guide, we’ll focus on Ethereum, the most popular blockchain for NFTs, and OpenSea , the most popular NFT marketplace.
You need a crypto exchange account because you need to buy Ethereum to pay for the one-off fee of minting NFTs—we’ll explain that in the next section.
So when you sell and buy NFTs, you’re most likely to use Ethereum.
Ethereum is listed on almost all crypto exchanges (it’s the second-largest cryptocurrency after all), so you won’t have trouble buying it.
But why buy Ethereum to sell an NFT?
To buy and sell NFTs, you'll usually use an NFT marketplace , which are like eBay or Amazon for NFTs. By far the biggest one of those is OpenSea, which accounts for 97.8% of all Ethereum NFT trade as of October 2021 .
Signing up for OpenSea costs Ethereum.
You’ll need to pay for what’s called “initialization”—a one-time fee paid in Ethereum to sign up for the platform.
How much Ethereum will you need?
Well, the gas price (as the unit of Ethereum transaction fee’s called) fluctuates massively, so there’s no good answer.
NFT marketplaces like OpenSea work with crypto wallets .
There are many Ethereum wallets out there.
But by far the most popular is MetaMask (which, like an editorially independent Decrypt, is funded by Ethereum incubator ConsenSys).
There’s also an option to buy Ethereum directly on your MetaMask, which we don’t recommend due to commission fees that are higher than exchanges.
Now that you've bought Ethereum on a crypto exchange and also have your MetaMask up and running, it’s time to load your crypto wallet with some Ethereum.
To send Ethereum from your exchange, go to your exchange’s “send” or “withdraw” page that lets you move funds to a crypto wallet.
To mint an NFT on OpenSea, click “Create” next to your profile picture (just a green dot in this case!) on the top right corner.
This is how your NFT will appear on OpenSea: But it’s not listed for sale yet.
To list your NFT for sale, click “sell” on the top right, and the following page will appear.
If listing for a fixed price, you won’t pay for the gas fee (remember, any transaction on Ethereum incurs these transaction fees).
Remember, OpenSea will charge 2.5% in commission fees when your NFT sells.
When you’re ready, click “complete listing.” Before it’s listed for sale, OpenSea will ask you to sign a few things through your MetaMask wallet.
Since it’s your first time selling on OpenSea, you’ll need to initialize your wallet.
For wallet initialization, MetaMask will calculate a gas fee for you.
In most cases, you can also import NFTs minted through other marketplaces onto OpenSea. OpenSea also offers cross-blockchain support through Polygon , a separate network that lets you move your Ethereum onto its network for gas-free trading.
It’s a process called “bridging.” But remember, bridging costs gas fees, and it makes sense to bridge lots of Ethereum at once than a few since the fee will be the same.
Save for gas, the Polygon NFT experience on OpenSea is the same as Ethereum NFT.
Flow , an early NFT-centric blockchain, is another alternative to Ethereum.

Beginner’s Guide to NFTs: How To Mint a Non-Fungible Token on Ethereum

With the exception of decentralized finance, non-fungible tokens and all related activities have attracted the attention of cryptocurrency insiders and

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The industry has blossomed by garnering investors and users from all directions and has continued to grow from the initial stages of simple digital collection to the hottest trend now – play-to-earn games.
This has led to a need for more specialized games, which, in turn, required the creation of projects such as HowlCity – an NFT racing game dedicated to motorbike’s fans with a series of notable NFT motorbikes.
HowlCity markets itself as the “first 3D NFT racing game incorporating the Metaverse trend.” It allows users to compete in racing motorbikes not only in a 3D play-to-earn game but also to receive rewards and join a Metaverse city where they can interact with each other.
Users begin with a status of a racer, compete with opponents, and can receive rewards, such as tokens, NFTs, and points.
HWL is used to buy NFT vehicles, while users can convert the points for accessories or upgrade the existing motorbikes.
Apart from racing, racers can earn tokens and points from trading and lending.

HowlCity Launches 3D NFT Motorbike Game

Fox Entertainment, Bento Box, and WWE announced a multi-year deal and the launch of an exclusive NFT marketplace.

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Nearly every industry under the sun has started to notice non-fungible token (NFT) technology and on Wednesday, the media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, announced the launch of an exclusive NFT marketplace.
The three entertainment firms plan to launch a marketplace dedicated to licensed WWE non-fungible tokens (NFTs) and NFT collectibles.
WWE’s NFT market will be launched in the near future and a release date and marketplace name will be disclosed to the public in “the coming weeks.” The announcement also says that Eluvio will authenticate the WWE NFTs and they will be “interoperable across Ethereum and other blockchains.” Scott Zanghellini, WWE’s senior vice president of revenue strategy and development, explained the partnership helps bolster WWE’s relationship with Fox Entertainment.

Fox Entertainment and WWE Ink Multi-Year Deal to Distribute Exclusive NFTs

ESL Gaming has collaborated with Ethereum Layer 2 project Immutable X to offer fans NFTs commemorating its upcoming gaming tournament.

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ESL Gaming has partnered with Immutable X to launch a platform for NFTs. Fans will be offered unique digital collectibles at the 2022 ESL Pro Tour CS:GO.
ESL Gaming has partnered with Immutable X to offer NFT minting and trading on its e-sports platform.
The platform will offer collectible NFTs and launch alongside the ESL Pro Tour CS:GO gaming competition.
Commenting on the partnership with Immutable X, ESL Gaming global business development representative Bernhard Mogk said: “We could not be more excited to launch on Immutable X the best possible community-driven and fan-centric collectible platform to buy, collect, and own some of the most memorable moments in ESL Pro Tour history.” NFTs are non-fungible tokens, unique crypto assets that are not interchangeable from one another.
Discussing the collaboration with ESL Gaming, Immutable X co-founder Robbie Ferguson said: “ESL’s vision for NFTs from ESL Pro Tour moments has the fans’ experience top of mind.
At Immutable X, we make it easy for leading gaming partners like ESL to integrate NFTs into their experiences without sacrificing security or speed.” ESL Gaming’s ESL Pro Tour CS:GO is one of the world’s most popular e-sports events.

ESL Gaming to Offer NFTs at Flagship E-Sports Event

It’s official: Facebook goes Meta as it showcases its vision for the future of social media, work, NFTs, and play online.

Facebook has renamed its parent company Meta as part of a metaverse push.
The company announced the move at its metaverse-themed Facebook Connect keynote today.
Social media giant Facebook sees the growing metaverse as the future of its business, and today the firm made that increasing focus formal by announcing that it will go by the name Meta.
Facebook (now Meta) CEO Mark Zuckerberg announced the news today during the streaming keynote for its annual Facebook Connect event, which was heavily focused on the metaverse.
The company has said that it will help build the metaverse “responsibly,” and took time in today’s keynote to highlight its focus on privacy and open collaboration with external creators and firms.
Today’s keynote address spotlighted potential 3D social interactions, the ability to do work in the metaverse, and the way that NFTs can be used to represent collectibles and avatars alike.

Facebook Goes All In on Metaverse With New Company Name Meta, NFT Push

Facebook's plans for a Metaverse appear to include support for NFTs, according to a presentation by CEO Mark Zuckerberg.

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Facebook and its chief executive, Mark Zuckerberg, devoted a keynote presentation Thursday to unveiling an ambitious framework for creating a 3-D virtual world known as the Metaverse.
Precisely how NFTs will fit into this vision is unclear, based on the presentation, though Zuckerberg referred to "digital goods" as part of the user experience.

Facebook teases NFT support in keynote on its ambitious plans for a digital Metaverse

A leak in the Loopring GitHub public repository shows a partnership deal with GameStop for an NFT marketplace could be on the cards.

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› NFTs GameStop remains tight lipped on its restructuring plans, but leaks and job postings show they are going big on blockchain tech.
A leak in the Loopring GitHub public repository shows a partnership deal with GameStop for an NFT marketplace could be on the cards.
IPFS was noted to be used by GameStop previously during their first NFT project reveal .” GameStop has said it intends to diversify its business model.
Nonetheless, the Loopring NFT leak confirmed what many were already thinking was an appropriate move for GameStop.
While the leak falls into the category of unconfirmed rumor, GameStop Due Diligence adds the firm isn’t one for “splashy public reveals,” and will likely announce the project once it’s completed.
“It is likely that GameStop will not make any splashy public reveals about GameStop NFT until the offering is finalized.” What’s more, the start of this week saw GameStop post eight remote positions .
Web3 gaming hints at plans to develop virtual gaming, perhaps in a metaverse setting and bridging with NFTs. The job description talks about building products from scratch and requires experience with Ethereum.

Loopring GitHub suggests GameStop has bigger plans for crypto and NFTs

The idea of a digital wardrobe, at least on the onset, registered as something straight out of a sci-fi film. Its application, main function and relevance from a consumer standpoint was lost to me when I first heard about it.

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But it was an intriguing proposition that inspired a new fashion adventure: my first digital fitting with digital luxury fast fashion brand, REPUBLIQU .
Digital artists or tailors then work to creat a “fully sustainable, ethically-produced digital garment.” Republiqu Founder James Gaubert begins: “Digital fashion is still a very new concept.
Most fashion digital companies currently accessible are inclined to offer ‘cosplay’ or hyper futuristic designs.
As our clothing is fully virtual it is as sustainable as sustainable fashion can be today.” That social media presence has become intrinsic to everyday life, justifies the existence of a digital wardrobe.
James expounds, “As lives revolve around online and social media, we are also focused on supporting them in building their digital personas and helping them look good where it matters most—the Gram!” Just this month, a new fashion tech start-up launched, showcasing digital garments by emerging, contemporary and international designers.
Conceived as an eco system for fashion brands to engage with a new breed of fashion consumers, ZER10 bridges the gap between the sketch pad and the social media savvy.
By downloading the ZERO10 App, consumers can browse, fit and save photos or videos of themselves wearing their favorite digital designer digs.
We created an app that mimicked the experience and emotions we all know and love from shopping—trying on and acquiring coveted items from our favorite designer—and a built a digital space for this where users can style and mix items from their screenwear wardrobe with their physical wardrobe.” Unlike Republiqu or ZERO10, BMV (Brand New Vision Ltd) aims to demystify the metaverse for the fashion industry.
Putting this into digital space with BNV means working with a safer pair of hands that can be comfortably navigate from concept to completion.” The BNV site currently functions as a showroom, educational and information portal.
Visionaries behind the company explain, “What we are attempting with the site and and the app is to try and demystify the process of owning a piece of digital fashion while maintaining the core principles of Web3.0.
They disclose, “With fashion created and stored as NFTs we can all own a wardrobe and, very soon, be able to wear those jackets, dresses, sneakers in many different digital environments—from games to metaverses to communication apps to tools and services that don’t even exist yet but are on the near horizon.” As more metaverses develop, opportunities to wear these creations increase.
BNV’s team clarifies, “We prefer to work on sales at fixed prices and encourage the community to engage by offering white lists and pre-sales for those who support communities around digital fashion and NFT ownership.” Auctions, they emphasize, are only presented on the premise of fair pricing and transparency.
Distinction between NFT fashion and digital clothing may take some time to digest, especially for one unfamiliar with all things metaverse.
This is a key difference between current fashion skins or wearables available within games or avatar based apps and NFTs.”

Are Designer NFTs And Digital Clothing The New Chic?

Sydney, Australia, 28th October, 2021, Immutable X, the leading Layer 2 scaling solution for non-fungible tokens (NFTs) on Ethereum, announced a partnership with ESL Gaming, the world’s leading esports company, in a bid to power carbon neutral and gas free trading of ESL Pro Tour NFTs on its upcoming esports platform.  ESL Gaming has been […]

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Sydney, Australia, 28th October, 2021, Immutable X, the leading Layer 2 scaling solution for non-fungible tokens (NFTs) on Ethereum, announced a partnership with ESL Gaming, the world’s leading esports company, in a bid to power carbon neutral and gas free trading of ESL Pro Tour NFTs on its upcoming esports platform.
The core partnership with Immutable X will ensure ESL is provided with the needed scaling infrastructure, and esports fans can access carbon neutral and gas free minting and trading of NFTs. Plus, users are able to trade with their mind at ease since Immutable X’s hyper-secure protocol directly inherits the Layer 1 security of Ethereum.
“We could not be more excited to launch on Immutable X the best possible community driven and fan centric collectible platform to buy, collect and own some of the most memorable moments in EPT history” “We are excited about the opportunity to build our EPT NFT offering on top of the Immutable X platform,” says David Hiltscher, VP Fan Value Management & Analytics at ESL Gaming.
Speaking of the partnership, Robbie Ferguson, co-founder of Immutable X said, “ESL’s vision for NFTs from ESL Pro Tour moments has the fans’ experience top of mind.
At Immutable X, we make it easy for leading gaming partners like ESL to integrate NFTs into their experiences without sacrificing security or speed.
About Immutable X Immutable X is the leading Layer 2 scaling solution for NFTs to enable gas-free minting and trading, while not compromising the security of the most used blockchain globally for NFTs, Ethereum.
To learn more about Immutable visit: https://www.immutable.com/ Immutable social media: Medium Contact: [email protected] ESL Gaming is the world’s leading esports company.

Immutable X Partners With ESL Gaming To Launch A Next Generation NFT Collectible Platform For CS:GO Fans Worldwide

CryptoDragons is a whole new NFT dragon Metaverse that seems to be about to shape the blockchain industry. Read this article to know more.

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CryptoDragons is a new NFT project, a whole NFT dragon Metaverse that seems to be about to shape the blockchain industry.
Explaining their project, the CryptoDragons Team says, “The newly created project is not just a platform for collecting and breeding NFT dragons.
The 10K limited collection of NFT Eggs, with the Common, Epic, Legendary dragons inside are present to mint into an Ethereum blockchain.
In addition, all NFT dragons have their classes based on their genome.
The one that has the full 25-gene collection, also known as Legendary dragon, will regularly earn 50% of all breeding commissions from the platform.
The platform also has the first fully blockchain-based battling Arena CryptoDragons’ creators add, “On the Arena, the reckless dragon owners meet to challenge each other.

CryptoDragons - A Blockchain-Based New NFT Dragon Metaverse

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Yes, there is an NFT game that allows the user to build a cannabis business from scratch and grow rare strains, while participating in a competitive economy.
NFT transactions have been growing exponentially in recent times, allowing users to own digital assets such as works of art, real estate and even video moments.
In a way, Cryptobuds stands as the perfect blend of digital collecting, NFT investment, Design and cannabis aesthetics

Cryptobuds: An NFT Game That Lets You Build A Digital Cannabis Empire

Mono Lisa De Histoire is a newly-minted collection of original NFT artworks that depicts different women through history in the famous

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Mono Lisa De Histoire is a newly-minted collection of original NFT artworks that depicts different women through history in the famous pose captured by Lisa del Giocondo, better known as the subject of the Mona Lisa.
This one-of-a-kind collection has recently been made available for sale on OpenSea, the world’s largest marketplace for NFTs. Created on the Ethereum blockchain, Mono Lisa De Histoire consists of 60 unique artworks created by a collective of independent artists from around the world.
The team behind Mono Lisa De Histoire explained that each of their artists brings a personal vision to a classic or trend when designing a piece for the series, noting that today’s list of female icons has grown exponentially since the time of Lisa del Giocondo.

Mono Lisa De Histoire NFTs a Rare Blend of Art, Tech, Culture

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Yes, McDonald's has created a handful of non-fungible tokens — unique pieces of digital art that can't be replicated — aimed at superfans of its seasonal restructured barbecue pork product the McRib, which is making its 2021 debut nationwide Monday.
In short, an NFT is way for creators to transform digital works of art and other collectibles into one-of-a-kind, verifiable assets traded on the blockchain.
For the uninitiated, here's another article that explains in more detail how it works.) "With the McRib NFT, you'll never again have to say goodbye to the sandwich you love," McDonald's said in a news release.
The McRib occasionally gets released for a limited time, and has something of a cult following tracking its movements online, making it ideal fodder for an NFT.

There's now a McRib NFT and what are we even doing anymore?

Amidst all the NFT euphoria this year are very real tax obligations for investors. Here’s what you need to know.

NFT investors are individuals who buy and sell NFTs in marketplaces like OpenSea. They are subject to a similar set of tax rules (with some tweaks) as cryptocurrency investors.
Although the IRS has not issued any NFT specific tax guidance, most art-based NFTs such as CryptoPunks are likely classified as collectibles under the IRS § 408(m)(2)(A) ).
This tax classification is important to note because it subjects NFT gains to a slightly higher tax rate than regular cryptocurrency in some cases.
Sam will have a $4,900 ($5,000 - $100) long term capital gain at the time he spends the ETH to buy the CryptoPunk.
Second, cashing out an NFT or trading one NFT for another also trigger capital gains tax events for investors.
If Sam were to sell his CryptoPunk for 2 ETH valued at $12,000, he'd Incur a capital gain of $7,000 ($12,000 - $5,000) Third, some NFTs also pay you royalties each time a subsequent sale occurs.
Short-term gains on NFTs can be subject to the maximum 37% If you are in the highest tax bracket.
Generally, tax law favors long-term capital gains by subjecting them to a lower tax rate than short-term capital gains.
The maximum long-term capital gains tax rate is 20% for stocks and cryptocurrencies (plus the 3.8% NII tax when applicable).
Unfortunately, since NFTs are classified as collectibles, long-term NFT gains are subject to a maximum rate of 28% for high income earners.
Currently, NFT marketplaces do not provide you with any tax documents nor any transaction history reports to figure out your NFT capital gains and losses.
In the cryptocurrency world, there is tax software which helps you automatically reconcile capital gains & losses by connecting to your wallets and exchanges.
Again, it is your responsibility to identify these events and seek professional help to accurately figure out your NFT taxes.
· Reconcile your NFT capital gains and losses.
· If needed, liquidate some NFT's and/or other cryptocurrencies into cash to cover the upcoming tax bill Step By Step Guide To Filing Your Cryptocurrency Taxes · Do You Have To Pay Quarterly Taxes On Cryptocurrency?

How To Avoid Common NFT Tax Pitfalls

The first physical artwork by Beeple will be auctioned as an NFT at Christie’s next month. Bidding starts at $15 million.

Cult NFT artist Beeple will be selling a real-life sculpture and corresponding NFT at Christie’s.
Beeple is heading back to Christie’s.
introducing HUMAN ONE pic.twitter.com/eysmH6WkOY — beeple (@beeple) October 28, 2021 The NFT artist will sell a physical NFT called “HUMAN ONE” at the auction house’s New York location on Nov. 9.
Bidding for Beeple’s piece is set to start at $15 million.
And the meaning will continue to evolve.” He also said that it “shares some similarities” with “EVERYDAYS: THE FIRST 5,000 DAYS,” Beeple’s magnum opus that sold for $69.34 million at Christie’s in March.

Beeple Returns to Christie's to Sell NFT Sculpture

Disney fans will be able to obtain official NFTs from Disney, Pixar, Marvel, Star Wars, and more via the digital collectibles app Veve.

Disney has plans to launch official non-fungible token (NFT) collectibles in celebration of the first annual Disney+ Day. The well known multinational entertainment and media conglomerate headquartered in California has revealed a series of NFTs featuring iconic Disney characters and items.
The “Golden Moments” Disney NFT series will feature “digital golden statues inspired by beloved stories and moments from Disney, Pixar, Marvel, [and] Star Wars.” According to Veve, the new Disney NFTs will soon be available via the app and will “culminate on Disney+ Day on November 12.” On that day, a “special Ultra Rare digital collectible” will be introduced as well.
Information regarding the Disney “Golden Moments” NFT collectibles series can be found on Veve’s web portal .