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Hello Rockeeter, 

Welcome to NFTevening’s Super Guide!

Whether you're a seasoned collector or just starting your journey, this newsletter is packed with insights to help you navigate the fast-evolving world of NFTs! From step-by-step guides to the latest industry trends, we've got you covered. Read on as we break down complex concepts, share expert tips, and bring you up to speed on how to make the most of your NFT experience.

Dive into the world of digital ownership with us and stay ahead of the curve!

Highlights

• Why Do People Buy NFTs?: Discover the various motivations behind the growing interest in digital collectibles and unique assets.

• How to Buy NFTs: Learn the simple steps to get started with buying your first NFT, from setting up a wallet to navigating marketplaces.

• NFT vs SFT: Uncover the key differences between Non-Fungible Tokens and Semi-Fungible Tokens, and why it matters in the blockchain world.

• What Are Blue-Chip NFTs?: Explore what makes certain NFT projects "blue-chip" and why they are considered valuable in the NFT ecosystem.

Why Do People Buy NFTs?

The appeal of NFTs goes far beyond digital ownership. Some people are drawn to the investment potential, while others value the community and social status they provide. Many buy NFTs to support their favorite artists or to gain access to exclusive perks, events, or content, all while participating in cutting-edge technology.

How to Buy NFTs

Buying NFTs may seem complex, but it’s a straightforward process once you know the basics. First, set up a digital wallet like MetaMask, then purchase cryptocurrency such as Ethereum. After that, it's all about exploring marketplaces like OpenSea or Rarible, where you can browse, bid, or buy NFTs of all kinds, from art to gaming assets.

NFT vs SFT

While NFTs (Non-Fungible Tokens) are one-of-a-kind and can’t be exchanged on a one-to-one basis, SFTs (Semi-Fungible Tokens) offer a unique middle ground, allowing assets to be partially interchangeable under certain conditions. This flexibility is often used in gaming and other digital economies. Learn the key differences between NFTs and SFTs and why each matters in the crypto world

What Are Blue-Chip NFTs?

Blue-chip NFTs are considered the "blue chips" of the NFT world, holding high value and credibility due to their historical significance and strong communities. Projects like CryptoPunks, Bored Ape Yacht Club, and Azuki are often seen as safer, long-term investments because they have consistently held value and influence. Want to know what makes an NFT project blue-chip? Check out our deep dive into top blue-chip NFT projects for 2024.

In the fast-moving world of NFTs, staying updated is key to spotting trends and making informed decisions. Whether you're a newcomer or an experienced collector, keeping up with the latest news helps you stay ahead.

Catch up on this week's top NFT stories 👇

Ethereum Leads NFT Sales

The NFT market experienced a significant rebound this past week, with total transactions reaching $91 million. According to CryptoSlam.io, global sales rose by 20.58% following a period of stagnation, driven by heightened activity across several blockchain networks.

Ethereum continues to dominate the NFT market with $32 million in sales over a single week, making up 45% of the total market share.

Surge in Activity: The rise is attributed to increased activity across platforms, especially from popular collections like Azuki and Bored Ape Yacht Club.

Other Blockchains: While Ethereum leads, other blockchains like Solana and Polygon also contributed significant sales, but at lower volumes.

Telegram Experiences NFT Surge 400% in Q3

A report by Helika highlights a surge in NFT activity on Telegram, with a notable increase in the number of NFT-related communities and user engagement. The report reveals that Telegram users are actively participating in discussions and trading NFTs, showing a preference for social platforms that facilitate community-driven interactions.

This growth on Telegram aligns with the broader trend of integrating social media and blockchain technology, making it easier for users to engage with NFTs and digital assets.

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