The number of unique wallets that carried out certain actions with NFT assets grew exponentially within a couple of years (2020–2022).

This is the data that reflects the changes from the 1st quarter of 2020 to the 3rd quarter of 2022.

The growth slowed down in 2022 due to a number of economic reasons, and the number of NFTs sold daily fell considerably.

The imbalance between supply and demand, the Federal Reserve raising rates and lots of scandals in the blockchain sphere made investors turn to more defensive stocks. This is usual, as people need something that provides consistent dividends and stable earnings in turbulent periods.

However, that’s just NFT winter for all the fans. Sina Estavi who bought famous Jack Dorsey’s twit for recording $9 million, couldn’t sell it even for $14K in just a year.

Mr. Estavi said that ‘failure of the auction wasn’t a sign that the market is deteriorating, but was just a normal fluctuation that could occur in any market.’

Now the market is clean of empty and meaningful projects, and it’s a very good sign. Moreover, it’s a good time to start your own project and create the NFT of your dream!

So where to start from?

Step 1. Get a crypto wallet

Briefly, a crypto wallet is a computer program or a physical gadget that allows you to store and transfer digital assets.

There are 2 types of wallets: software and hardware.

When it comes to fast minting and сonductioning operations with NFTs, a software (hot) wallet is a good choice. You can download and install it as an app on your device. Hot wallets are always connected to the internet, that’s why they are more convenient. But as a result, these wallets are more open to hacking attacks and therefore less secure.

A hardware (cold) wallet is a physical gadget that functions as a USB stick that you might use to store files from your computer. Cold wallets are isolated from the network, which is why they are considered more secure.

However, searching for an NFT app with an embedded wallet is always better as it is a more secure and fast way to store, protect, and exchange your assets. There are a number of reasons for that.

1. Convenience: An embedded wallet can be more convenient because it is integrated into a larger platform, which can streamline the process of managing your cryptocurrency. This can include features such as instant trades, easy access to market data, and more.
2. User experience: Embedded wallets often have a better user experience than hot wallets, as they can be more intuitive and easier to use. This is because they are designed to be a part of a larger platform, rather than a standalone application.

That’s why such apps like Bitorbit can be a great help as its secure non-custodial wallet is a great way to safely hold tokens and instantly swap them for BITORB, a deflationary utility token of the project that can be used to buy NFTs in the app.

And if you’re a seller, you can get paid in BITORB and hold the tokens in the embedded wallet. No need to connect any hot wallet for that purpose.

3. Integration with other services: Embedded wallets can also be integrated with other services within the platform, such as trading or investing, making it easier to manage your cryptocurrency portfolio in one place.

Step 2. Buy crypto

Some marketplaces only let people use cryptocurrency when it comes to NFT trading. For instance, if you want to purchase or sell NFTs in the Bitorbit App, you’ll first need to buy VLX and easily convert it into BITORB.

To acquire VLX, visit the official Velas website. Purchasing VLX from the Velas website ensures a transparent and secure transaction with no hidden commissions or gas fees involved.

Check out the detailed manual to learn how to buy VLX on different platforms as well.

To swap VLX for BITORB:

• Add Velas Network and token VLX
• Send your VLX to mm wallet (use VLX EVM network)
• Open https://wagyuswap.app/
• Click ‘Launch App’
• Click ‘Connect Wallet’
• Select Metamask
• In the field ‘From’, select a token with a positive balance (VLX)
• In the field ‘To’ select ‘BITORB’
• Specify the desired amount
• Press ‘Swap’
• Confirm actions

Now we can proceed to create an NFT.

Step 3. Create/mint your NFT

Minting is actually a process of creating an NFT. This process links a specific set of data — the NFT — with a specific asset or object.

Owning the copyright and IP rights for the NFT you’re minting is crucial. No law troubles are needed, right?

After you selected a marketplace and created an account, you can start the minting process.

The steps may differ a little, but the main procedure is pretty much the same.

Let’s take a look at the NFT creation in the Bitorbit app.

How to create an NFT

Now let’s move to the most exciting part.

1. To create an NFT, press the ‘Post’ icon in the middle of the interface below.

After that, a menu will open. There are 2 options:

Create post

Create NFT

2. Let’s create an NFT.

You can upload NFT in 3 formats: JPG, PNG, and MP4. The maximum size is 100 MB.

Choose the name of your NFT and describe it.

3. In the menu below, you’ll find two icons.

/VR/

4. The hashtag icon adds up to the 5 best hashtags describing your NFT. It’s an excellent tool for your future buyers. That’s how they can easily find your work.

Bitorbit advises you to create personal hashtags for your NFT art fans!

5. The photo icon is our brand-new development. You can create NFT right from the spot just by taking a photo from your phone.

Check out the more detailed instruction in our article.

Now, all that is left is to press the ‘Create’ button in the upper right corner of the app. That’s it!

In a word

The NFT and crypto winter is the best time to test your forces and upload your first NFT. Take your time, choose the niche wisely, and ensure you’re interested in what you create. Put your art first, and success will come!

From 2021 to the beginning of 2023, the number of NFT sales in the art segment fluctuated significantly.

Both primary and secondary sales decreased a lot. However, this is not a sign of recession.

The NFT market has just simply cleared to survive the crypto winter. Thus, only the strongest and the most promising projects survived.

For instance, profile-picture and Blue-Chip NFT collections showed the best performance (for blue chips, the growth index is 28.6%).

So what should you do to succeed with your NFT in 2023? Let’s take a look at some features your item must have.

Unique art style

It’s crucial to add artistic value to your NFT. Memes are all about hype which has a short-lived nature.

If you have a distinctive cartoon style or unique artistic vision use it all the way!

Let’s take a look at the good combination of art and pop culture in an NFT at the Bitorbit App.

A recognizable person in a spacesuit looks fresh and authentic.

Strong Community

It is necessary to cultivate a strong community to support your art. That’s why NFT marketplaces like Bitorbit can be very helpful. Getting constant feedback about your work is essential, and platforms combining marketplaces and social media functions will be a great help for you.

The more likes and comments you get from your audience, the more often your content will be shown in the newsfeed.

For instance, the Bitorbit App has a separate section with the top contributors. Here you’ll find people who get the most likes and comments.

Good utility

We mentioned lots of times that NFT is not always about art. If you don’t have an artistic talent or want to add some additional value to your NFT, just go ahead!

To date, owning certain NFTs can unlock lasting access to restaurants, festivals, blockchain events and many more.

One of the brightest examples here is Coachella with its Collectibles NFTs that can be used as lifetime passes.

Many web3 experts are sure that NFT tickets are the future of all life events thanks to their decentralized and secure nature.

We totally agree with this statement.

AI-compatibility

With AI as the main trend in web3 and other spheres of our lives, one should definitely pay attention to keep pace with this trend.

If you’re creating game assets, characters, icons/designs, music, content and other stuff, use AI. As a generative artist, you can modify images with computer code and sell the best of the list instead of choosing only one by yourself.

Good blockchain as a cornerstone

You need to be sure that your art is in safe hands to keep and sell it properly. Thus, good NFT equals to secure and stable blockchain.

There are many NFT marketplaces on the market, but only a few can offer fast transactions and good compatibility.

the Bitorbit App is based on the powerful Velas blockchain with high transaction processing (up to 100,000 transactions per second). Besides, the blockchain is fully decentralized and is not controlled by any single entity or group of individuals. This increases the safety and security of the platform.

Thus, the Bitorbit App users can keep their assets safe and be sure that the NFT purchase can be processed fast and securely.

In a word

‘NFT market crash will eventually be even more nauseating than the 2015 bitcoin bear

market (because these are highly illiquid assets by definition), but the 10-year trajectory

of the overall market will be the same: 100x+.’

Messari Report, 2023

NFTs are here for long. The leading experts in the industry are sure that the roller coaster market situation will be harmful to this industry, but the decline will be 100% followed by a rise.

So if you’re willing to step into the game, 2023 is a perfect time to try your hand. Choose your niche, stick to the trends mentioned above, and you’ll definitely see the result.

/SHARDING/

Check out our previous article devoted to the main web3 trends in 2023 to learn more about the market.

Subscribe to our Telegram channel to learn more about the NFT market and the Bitorbit App!

The results will be shocking if we look closely at the Axie Infinity yearly revenue from June 2021 to June 2022.

One of the most popular web3 games, the real flagman of the GameFi movement is now at the bottom.

The Decentaland volume has decreased by half since April 2022.

And the total GameFi volume has also reduced immensely during 2022.

But does it mean that the industry is dead? Or is it just temporary oblivion? We think that the second variant is correct.

Moreover, if you look closely at the graphics above, you’ll see that the main projects had bad times before, but this was just a long-lasting downturn.

The main benefit of web3 gaming has always been its decentralized structure. P2E games give their players ownership of their in-game digital items. Thus, all players own tokens and can create the in-game economy.

Games like STEPN, Axie Infinity or Illuvium have common distinctive benefits like:

• players can earn during the playtime
• players own the content
• future compatibility with AR/VR, metaverses

Seems like everything looks good. So what went wrong?

Why does GameFi suffer from a hangover this year?

“GameFi projects relying on marketing hype and speculative investment will not do well during this bear market.” Foo Wui Ngiap, CEO of Ethlas

Lack of excitement

The answer is partially in this picture.

The thing is that P2E developers often put money first.

But ask yourself. Why do you play games? We’re pretty sure most of you will answer that you LIKE TO PLAY, which means that the gameplay and the fun of the game itself are what you put in the first place.

And this is the main component that most P2E games lack. All in all, most P2E players simply treat game time as going to the office and earning money. They’re simply not interested. And just as with all other work, there comes total burnout as people are tired from fulfilling tasks just for the sake of money.

Big games lack big finances

“The recent crypto market downturn, caused by the FTX incident, has had a significant impact on small and medium-sized Web3 native game developers who lack the financial resources to weather the storm,” Daiki Moriyama, Director of Oasys.

Creating a cool game takes much time, effort, and finances, especially during the crypto winter. Besides, game development is much more difficult than software one due to the complexity of art components. And here comes the next obstacle.

P2E games’ complex structure may become an obstacle itself

When you add NFT game items and complex token mechanisms to the gameplay, the development time can be 100% doubled. To date, investing so much time and money in the game building is too hard.

Good tokenomics is the pawn of a web3 game’s ecosystem. If players don’t know how to spend their assets, the price of the game’s token will be at the bottom.

As a result, the market cap of main gaming tokens looks like this:

That was the reason why STEPN and AXS dropped in price considerably.

Good games lack a good blockchain basis

Suppose you have a good game idea, perfect gameplay and well-developed tokenomics as well. But what is it based on?

The house will be destroyed if it doesn’t have a good foundation. Game developers must have everything to create P2E experiences with cross-game items, decentralized in-game trading, and fully-on-chain components.

The blockchain providing such services must be both secure and speedy. To date, there are a couple of blockchains on the market, offering full-package decisions for P2E developers, like Velas blockchain with its 50,000+ TPS and full compatibility with EVM.

/TOKEN/

A trustable and powerful blockchain is the main condition of your P2E game success.

In a word

Web3 games are not developing separately from the rest of the market. The global gaming market reached $198.4 bln in 2021, which is more than the film and music industries combined ($99.7 bln and $26 bln, respectively). So P2E has good perspectives being a part of such a huge sector.

In fact, web3 games should definitely stick to the game design trilemma to succeed.

When the gaming experience merges with monetization opportunities, we’ll witness the brand new GameFi world full of excitement and new possibilities.

“Web3 is to Web2 what PunkRock is to DiscoMusic.”

― Simone Puorto

According to the latest report of Emergen Research, web3 market is expected to reach $81.5 billion by 2030.

Now it’s hard to deny the fact that this is the fastest-developing and the most influential phenomenon that changes all the spheres of our everyday life.

Web3 covers so many topics connected with the decentralized internet that it becomes difficult to single out the main trends.

However, we decided to try and define the directions that will shape our future lives and influence us the most.

Decentralized social networks

Don’t answer. The Tesla CEO knows it already. He already mentioned that his main goal is to create a decentralized social network where all users will pay a small amount of cryptocurrency to post something. Thus, they will have zero censorship. While Meta controls everything you say, the future social platforms will be 100% decentralized and free from middlemen’s opinions about what is good and what is not.

Decentralized social networks will be governed by their own communities. They will look more like the combination of Crew3 and the Tinder app where all visitors will be turned into active contributors and get a way to make friends and communicate with each other.

Remember how revolutionary the idea to integrate the Gram wallet into the Telegram application was in 2019? Nowadays decentralized platforms with crypto as an internal currency are the reality.

The emergence of Layer 2 solutions

It’s hard to make something mass-adopted if it’s not comfortable and understandable. Traditional blockchains suffer from low-speed and high-fee transactions.

Layer 2 scaling solutions were developed to increase the scalability of blockchain networks like Ethereum by processing transactions off-chain.

For instance, Polygon has become the most popular Layer 2 decision in 2022. National Geographic creates its first collection on this blockchain, and such giants as Synergy Land migrate from Solana to Polygon.

The latter with its recording 30–40 TPS compared to Ethereum’s 10–12 is a great solution for all web3 startups.

Zero-Knowledge (ZK) Proof technology

ZK Rollups became popular in 2022 as the main tool for Ethereum scaling. Vitalik Buterin made a huge promo for this technology on his Twitter account.

In 2023, experts state that ZK rollups will 100% enter the market.

New possibilities will open for ZK when software development kits are adopted. This will allow ZK smart contracts to be programmed into applications executed out of blockchain.

Check out ZK-proof real-world use cases:

​​Or let’s say you won’t have to reveal your actual income to prove your ability to buy something expensive. Sounds good, right?

Low Code application software

Low Code Application Software is a great way for Web 3.0 to minimize the need for complex coding software programs. Just imagine that even inexperienced people and junior coders will be able to build their own programs using drag-and-drop commands.

Such technology will also help numerous startups by giving them free access to technology and, thus, expanding their operations and customer reach.

Useful NFTs

It’s time to make people realize NFTs are more than just funny BAYC or memes sold for thousands/millions of dollars.

Practical NFT usage may be much wider, including tokenizing items, data, and even ideas both online and offline!

In 2023 digital art may be replaced by viable business use cases.

Some brand giants have already made the first step toward this trend. Starbucks launched their Odyssey Rewards program where members get collectible “Journey Stamps” (NFTs) to earn points that give them benefits and coffee experiences they won’t get elsewhere.

NFTs can also change the music industry. For instance, concert tickets may be minted as NFTs.

Thus, the sky is the limit for NFT utility, and it’s just the start.

Blockchain/​​Brands As a Service (BaaS)

Speaking of brands… Soon they will also shape their marketing strategies.

The BaaS protocol allows increased customer interaction, opening new opportunities to work with blockchain and create digital products.

BaaS can be used in all spheres of our lives, including supply chain management, digital identity and payments, and more. That’s why it’s a powerful tool both for engaging new audiences and improving a company’s value.

Play2Earn is still in the game

Is the Play2Earn model dead in 2023? Some may think so, but we don’t.

The $755 million market size of P2E NFT games won’t just vanish. Moreover, web3 experts predict that by 2028 it will reach $3618.4 million.

So why do many people think that P2E is dying?

Well, it’s all about the data. Let’s look at the statistics of the most popular P2E games. Decentraland has 379 daily active users, Sandbox indicator is 616.

Why are these numbers so low?

Let’s answer with this pic.

The visual component of P2E leaves much to be desired.

Thus, the word ‘Earn’ in the Play2Earn concept became dominant. People are not involved in the gaming process as it is quite poor.

However, we’re convinced that this is just the first stage of development. Remember how poor the 8-bit games of the past looked? This is what happens with P2E nowadays.

That’s all the stages of tech development. There were lots of failures in creating an AI chatbot before ChatGPT stepped on stage. So P2E will definitely experience a new rise soon.

Government regulation

After the FTX scandal in 2022 ​​government regulation seems inevitable.

However, it may not be a bad thing to come. To date, states like Wyoming, California, and Texas use their powers to position themselves as “Web3-friendly” zones.

Dubai is one of the most crypto-friendly zones in the world where mobile crypto payments turn out to be the usual thing.

India’s forthcoming e-rupee and China’s Digital Yuan are also signs of regulation and mass adoption of cryptocurrency.

The merge of all technologies

And the last but definitely not the least. NFT marketplaces combined with social media platforms and AI/VR technologies are what we expect at the next turn of the road in web3 development.

/TOP TRENDS/

In a word

In this article, we didn’t focus much on the development of AI, VR and metaverses because it is obvious these are the long-lasting trends of web3. However, we’ll tell more about the perspectives of these web3 spheres in our future articles.

So keep up with the news!

Admit it. When thinking of NFT success, you always remember somebody like Beeple, Banksy or Pak. But what if you don’t have an artistic talent?

The Internet is full of such questions.

And there is an answer to this question. Definitely not! You can create NFTs out of anything that you own copyrights for.

Do you own a poem or maybe a joke? This will do!

The only rule is that it has to be original. You are certainly not allowed to copy someone else’s intellectual property. But that’s the only rule that matters. NFTs are more than just pics on the net; now we’re going to prove it.

Let’s find out which other types of NFTs are popular in the blockchain world.

Gaming NFTs

We don’t agree with Brycent 100%, however, this criticism often contains a grain of truth.

Many people think that this is what NFTs were made for. Well, it’s no surprise as game artifacts fit into the NFT concept perfectly well.

NFT items may add additional value to your game progress, just like the Bitorbit NFT chests in the Warlands game!

Different chests include a different number of characters and Mounts that will help you proceed in Warlands.

Moreover, such NFTs may give you an opportunity to influence the future of the game and choose the direction of its development.

Axie Infinity and Sandbox set the basis of how the future of gaming must look like. And despite the fact that many experts think P2E time is gone, the decline will be followed by a rise.

How do we know? There are certain factors pointing at it. First of all, VCs are still investing billions into web3 games.

According to DappRadar’s latest BGA Games Report, blockchain games and metaverse projects raised $1.3B in Q3.

Moreover, gamers will always remain gamers and still play for 1000s of hours approximately. So it is obvious that gaming will dominate most of the NFT industry over next 2–5 years.

Music NFTs

Being a creative mind doesn’t always mean to be an artist and sell paintings. Let’s give credits to musicians.

The music NFT sector in 2022 grew immensely despite the difficult economic situation.

Take a look at what happened in the industry this year.

Snoop Dogg dropped on Sound in March. It was a huge moment of the year and the first big edition (1,000 NFTs).

Nas teamed up with 3LAU to release his first-ever NFT collection on Royal. The collection consisted of 1,870 NFTs. 2 sold-out drops generated more than $560,000 in total revenue.

Partnering with Tezos-based NFT platform OneOf, the Grammys launched an official NFT collection. Coachella did the same, offering an exclusive NFT represented by a 360-degree immersive experience of the Antarctic Dome at Coachella sold for $145,000.

And this is just 5% of what happened. Why is this sector so stable?

Music NFTs are not about speculation, but more about long-term vision.

At the end of this year, the number of music NFTs minted went crazy.

Besides, a cool way of selling NFT music was developed when a music track can be broken down into three separate layers, called “stems”, which are separate, ownable NFTs, just like on Async Music.

As you see, music NFTs are here for long. Try your luck!

NFT Collectibles

Sotheby’s also needs some transformation, right?

Actually, the initial NFT concept is that all NFTs are collectibles.

One of the most famous cases was when an anonymous NFT group called Spice DAO burnt the art book: Jodorowsky’s Dune, the guidebook to Frank Herbert’s Dune movie adaptation. The team planned to sell it as an NFT afterward.

However, there was one problem: they knew very little about the NFT essence.

The purchase doesn’t mean you own the copyright.

Check out our article explaining NFT nature to learn more.

This case may seem irrelevant to the case, but it still shows the perspectives of the NFT collectibles if you know what you really sell.

Last year Amsterdam dealer called Aronson Delftware launched two series of five NFT-based 3D “digital twins” of a 17th-century Delftware tulip vase.

However, the original 17th-century Delftware vase was put up on sale separately, priced at €125,000 (£107,000). And this is the correct approach to NFT technology.

/SANTA/

NFT Domains

Another great tool if you’re not into art. NFT domains represent a license to use a site address. This category of NFTs allows users to control over their addresses. This can become a cool option for those who don’t want to remember numerous passwords.

All in all, the blockchain contains information about the owner of the domain and its content. The domain is stored in a wallet, meaning no middlemen are allowed.

How cool is that?

Finance NFTs

Believe it or not, loans can also be tokenized. This is where finance NFTs step on the stage.

These loans can be traded on NFT marketplaces. The scheme is similar to traditional secondary mortgage markets where various entities buy and sell mortgage loans and servicing rights.

Remember the high-risk packages of loan securities known as collateralized debt obligations (CDOs) in ‘The Big Short’ movie when the bubble burst?

The NFT holder chooses the loan interest rates while the loan exists. Thus, users are not attached to a single network.

In a word

This is just a small part of the ways to use NFTs if you’re not into traditional art. As you see, the sky is the limit when dealing with this technology. Like this article, if you’d like to get more ways of creating NFTs in all spheres of our life!

TBA

What makes an application user-friendly? Of course, it’s the top-notch functionality and simplicity of all the processes.

Bitorbit App is ahead of the rest in this sphere. The team developed an application that is intuitively clear. Our main goal was to simplify all the processes, including the creation of an NFT, so that even a newbie in this sphere would be able to do everything in 2–3 clicks.

So let’s get acquainted with the primary Bitorbit App function, creating an NFT!

A little historical background

First, let’s dive into history! Kevin McCoy minted the world’s first NFT on Namecoin in 2014. Its name is “Quantum,” and it was sold in 2021 via Sotheby’s for $1.47 million.

By the way, there occurred lots of ownership disputes with this one. It’s no surprise, as it was the first ever made NFT. At Bitorbit App, you won’t face such problems, as Velas blockchain records all the transfers correctly.

Creation of an NFT in Bitorbit App

1. Press on the Bitorbit App button on your mobile phone.
2. Switch to the main app page.
3. Click on the ‘Post’ button at the bottom of the page.

4. Choose ‘Create NFT’.

5. Choose the name of your NFT.

6. Add a description that fits perfectly well.

NB! Pay attention to the Velas Blockchain Minting Fee. It’s deficient.

7. Press the hashtag button at the bottom of the page.

8. Here you can add up to 5 hashtags to your NFT.

10. Press on ‘Save’ in the upper right corner of the page.

11. Now press on ‘Sell’ at the bottom of the page.

12. Let your followers support you and buy exclusive content. Set the price and royalty for your NFT.

13. Royalty is a fee of up to 10%. You can set it to earn revenue every time your NFT is sold using Bitorbit.

14. Press on ‘Save’ in the upper right corner of the page.

15. That’s it!

/FLIPPING/

Bitorbit advice

Pay attention to other users’ content on sale before adding descriptions and setting up a price. Learn all about the top-selling authors, check the prices they set and make friends with them!

Bitorbit community is one of the most friendly ones in the sphere. Our users are always here to help each other. Don’t be afraid to communicate in our embedded chat and Telegram group. Ask questions before selling your NFTs, and you’ll succeed 100%!

New technologies appear every day. Some of them fail to get to mass adoption; some find a limited group of fans. But the third rare group of developments becomes a turning point in the whole industry. This is NFT.

NFTs. The birth certificates for the offspring of creators

NFT stands for Non-Fungible Tokens, cryptographic assets developed on blockchain.

That’s the very place where most people think it’s too complicated and give up reading.

But wait. It’s not as complicated as you think.

Let’s replace ‘Non-fungible’ with ‘non-replaceable.’ This means that it is absolutely unique and totally yours.

Suppose you are a famous street artist like Banksy. And you want to sell your art online. You choose one of your unique ​​assets to sell as an NFT. Then you create NFT by minting it (we’ll talk about this process in our future articles).

By the way, the first Banksy work to appear as an NFT was a 2006 edition of Morons (White).

The artwork was bought by blockchain company Injective Protocol in March 2021 for $95,000. The original art was burnt and replaced by an NFT sold with a 300% increase in price! A buyer purchased it for $380,000 via NFT marketplace OpenSea.

NFTs can represent both tangible and intangible items, so you can also create NFTs on the basis of:

• Graphic art
• GIFs
• Videos and sports highlights
• Collectibles
• Virtual avatars and video game skins
• Designer sneakers
• Music

Thus, Banksy can mint not only his art but also a video of art creation, the merch he produces, and many more.

After creating an NFT (let it be ‘Love is in the air’), Banksy can sell it to any person who has a crypto wallet. Once the auction is complete, the NFT is automatically transferred to the buyer’s possession, and he’ll get the transaction proceeds.

But what happens with the rights? The copyright for the artwork is still kept by Banksy. Usually, intellectual property or usage rights are not transferred with the NFT. However, there are some exceptions. For instance, Bored Ape Yacht Club has stated publicly that all BAYC NFT owners have full commercial rights to that Ape.

But in most cases, NFTs can represent ownership or possession of the token itself, not of the artwork.

So you have the right to place the NFT with Banksy’s artwork everywhere you want. But you don’t have the right to do something with the original artwork as well.

But let’s come back to the selling process. To sell an artwork, Banksy has to place it on some NFT-selling platform. Many artists choose big platforms like OpenSea or Nifty Gateways.

However, these platforms lack some feedback from the audience. Many artists seek a place where they can both showcase their art and get reviews, find like-minded people and simply chat about NFTs. That’s why Bitorbit App was created.

Bitorbit App. Socialize and monetize your art in a couple of clicks!

As we said before, Bitorbit App is a platform to sell your NFTs and make friends with like-minded people: content creators, streamers, bloggers, artists, NFT artists, collectors, and other people interested in this sphere.

Banksy would definitely like it as well. So suppose he wants to sell his art on our platform. Where should he start from?

The Bitorbit App registration process

Step 1

Banksy goes to the App Store or Google Play to download the app.

Download

🍏 iOS

🆕 Android

We stake on Android when it comes to Banksy, but anyway.:)

Step 2

Tap the app icon on your phone and open the app.

Step 3

Press on the ‘Start’ button.

Step 4

Press ‘Create New Account’.

Step 5

Now you need to complete your account. Press on ‘Edit Profile’ and choose your name.

Add some BIO and additional website info if you want. Press on ‘Save’.

Step 6

Now press the menu in the upper right corner of your app to choose the Settings section.

Time to change the Sign In method. It’s always better to choose the Seed Phrase as it is the best way to secure your data.

/MARKETPLACE/

By the way, every seed phrase is taken from a list of 2048 simple words. The idea of a seed phrase originates from the Bitcoin Improvement Proposal (BIP39) in 2013, which is a standard for a “deterministic wallet” — the majority of wallets used today.

Step 7

Click on ‘Generate New Phrase’ or choose the existing one.

Agree with the rules and proceed with ‘Continue’.

Step 8

Write down or copy the words in the right order and don’t show them to anyone.

Step 9

Verify your seed phrase by tapping the words in the right order in the next window. Press ‘Continue’.

Now your account is safe!

Next time we’ll tell you more about the Bitorbit App functionality.

Dear users!

Our team is overjoyed to announce that the Bitorbit App is officially on Google Play!

From now on, you can download the application on your Android device via the link:

Android.

This is a huge step for our team and a great opportunity to engage new web3 fans in one of the most vivid and friendly communities in the sphere.

Details of the new Bitorbit App release

The new 2.0.3 release has a number of crucial updates. One of the most important is the Velas Account contract update (and all things related to it).

The developers highly recommend installing the last update to ensure everything is working properly.

That’s how you can be sure your app processes go correctly.

Download

🍏 iOS

🆕 Android

The Android download details

It is recommended to delete the previously installed version before downloading the new one from Google Play.

🤖And we still support APK usage.

In case you have any questions or problems with the download, you can always address our support in Telegram.

About Bitorbit App

Bitorbit App is a vast community united with a common idea of the brand new NFT society, the main feature of which is self-sufficiency.

As an NFT fan, you will be able to live here 24/7. Create, trade, purchase, and communicate — live your perfect web3 life here!

Thanks for your constant support,

Bitorbit team

Warlands introduces Bitorbit chests into the game.

Here’s the news that will make your heart jump out of your Bitorbit chest. Warlands, an Esports game combining the best of a traditional game with NFT world, implemented the Bitorbit chests into the gameplay.

This will give players additional opportunities, including exclusive DAO tokens and ways to help them proceed in the game.

What is Warlands

Warlands is a single metaverse that combines Moba and Battle Royale mechanics in a competitive format. Here users are conquering areas of the battlefield in 5v5 teams.

All-in-all, Warlands mixes Battle Royale, teams, and real-time action and creates a brand-new format, embracing a large number of players globally.

Users are free to participate either as a viewer or as a player, making the game entertaining at all levels.

If you’re willing to play, don’t forget to choose one of the top-notch Bitorbit characters:

1. Arathorn Bryxisys, the elf.

Arathorn Bryxisys was born into a noble family of elves. From a young age, he was trained in the ways of combat and magic, and quickly proved himself to be a skilled warrior. When the Legendary War broke out, Arathorn distinguished himself on the battlefield, earning the admiration of his fellow elves and the respect of his enemies. His bravery and cunning in battle were instrumental in securing many victories for the elven forces, and he eventually rose to become one of the most celebrated warriors of his time. Despite his many accolades, Arathorn remained humble and dedicated to the protection of his people, earning him the title of Legendary Warrior.

2. Galaeron, the draco.

Galaeron was born as an egg and hatched into a young draco. He quickly grew strong and proved himself to be a fierce fighter. When the Legendary War broke out, Galaeron proved to be a valuable asset to the draconic forces, using his powerful abilities to devastating effect on the battlefield. His bravery and skill earned him the respect of his fellow dracos, and he eventually rose to become one of the greatest warriors of his kind. Despite his fearsome reputation, Galaeron remained honorable and dedicated to the protection of his people, earning him the title of Legendary Draco.

The NFT chests presale

NFT chests are one of the cornerstones of the game. At the moment, both Velas and Bitorbit chests are available for presale.

What’s the difference between chests?

Different chests include a different number of characters and Mounts that will help you proceed in Warlands.

There are 200 Bitorbit chests in total.

Exclusive Price: 10000 BITORB.

The Bitorbit chest characteristics:

How to buy a Bitorbit chest

You can buy a Bitorbit chest in a few steps.

1. Go to the official Warlands site.
2. Connect your Velas wallet.

3. The site will automatically redirect you to the Velas official site.

4. Click on ‘Connect account’ on the Velas site.

5. Get back to the Warlands site.

6. Choose the Bitorbit chest and click on ‘Enable BITORB’.

7. Click on ‘Buy now’ and confirm the transaction. Done!

8. If the transaction didn’t go through, check your balance. It is displayed on the Warlands site too.

Benefits of the NFT chests presale at Warlands

1. It’s a perfect opportunity to buy cheap and get an exclusive price!
2. With NFT chests bought at presale, you get an opportunity to receive DAO tokens from taking part in the key decisions about the future of the game.
3. Only donators can access Alpha and Beta Game.
4. NFT chests presale is your direct pass to TOKEN IDO Launch.

/AIRDROP/

Taking part in the Warlands Bitorbit NFT chests presale, you make a considerable investment in your gaming process, influence the future of the game and preserve artifacts that will soon become much more valuable and demanded.

So get the chest, play and rest!

Check out the details.

“You can do anything with NFTs that you can do with a webpage, but on top of it, you can have scarcity and ownership and allocation and rights associated with it. This is really big.”

Naval Ravicant

Last time we launched a series of articles dedicated to the most popular NFT collections. We already mentioned the digital purchases of Eminem and Justin Bieber. But that’s just the beginning. Today we continue our story about the most outstanding digital issues purchased and launched by world superstars.

Snoop Dogg, “A Journey with the Dogg”

Snoop Dogg announced his NFT collection in late March 2021. It contains 8 items available in limited quantities, including the original track “NFT,” “Snoop Doge Coins,” “Diamond Joint,” and “Deez Nuts”. All these are Snoop’s early tracks. The collection was sold for 48 hours, with Snoop Dogg earning over $100,000.

The rapper is one of the biggest NFT supporters. This year Snoop has already bought Death Row Records, the company that was later presented by him as the first NFT label.

Earlier artist has issued 10000 programmable generated Snoop Doggs and launched them on Sandbox.

What about ‘From The D2 The LBC’ NFT musical video recorded with Eminem? Both artists played the roles of Bored Ape Yacht Club monkeys in this clip.

Steve Aoki, Clone X

The famous DJ raised the profile of the Clone X collection after purchasing its token #2004 in December 2021.

It costed 13.95 ETH or about $42,000 at that time.

The bizarre NFT is not Aoki’s only purchase. He owns over 200 tokens in total.

Only his account on OpenSea contains 178 items.

Among the most popular ones are CryptoPunks, Doodles, Ether Cards Founder, VeeFriends, and Gala Music Collectibles.

Way to go, Steve!

World of Women, Reese Witherspoon

Reese Witherspoon is not only a book lover, but also an NFT fan.

In October 2021, Reese Witherspoon joined this initiative by purchasing World of Women #8072 for 2.8 ETH, or ~$9000.

This collection is dedicated to equal participation by both genders and was supported by people all around the world.

The superstar collection contains a total of 108 NFTs across projects.

Reese also owns a lot of other items from this collection, CLONE X, Cool Cats NFT and Deadfellaz.

Lil Baby, Mutant Ape Yacht Club

Another famous rapper on the list. In autumn 2021, he became a celebrity Bored Ape NFT owner when he mutated a Bored Ape, which was Bored Ape #129.

The newborn Mutant Ape is number #10259.

However, that’s not the only NFT purchase Lil Baby made. He has 23 other recorded celebrity NFT purchases, including NFTs from Crypto Cannabis Club, Doodles, DeadFellaz and Little Lemon Friends.

/FLOOR PRICE/

Mike Shinoda, MAYC

Cool quote from the Linkin Park singer and pianist, right?

In September 2021, Shinoda changed his Twitter to MAYC Ape #7804.

“Joined two families this week. @BoredApeYC #2299 and @tezzardz #1985,” he tweeted last year.

Logan Paul, VeeFriends

Internet celebrities also support the NFT movement. VeeFriends, with over 23 million subscribers on Youtube, has purchased over $3 million dollars in non-fungible tokens.

On January 2022, the famous blogger purchased a VeeFriends NFT for 90 ETH.

The item is called ‘Thoughtful Three Horned Harpik’ and is painted in the doodle style.

By the way, doodles became the most trendy style in 2022.

To be continued.