We are about to witness the third and, for now, most significant technological revolution of the internet.
WEB3 is here to stay.
If we have a chance to change the course of history, logic tells us that we should go back to being more human, reconnecting with ourselves and with the natural world.
The metaverse does just the opposite of that. However, we believe that if you’re out of it, you can’t influence it.
We are exploring the world of NFT’s on a mission to empower creators and reshape the economy while raising funds to support the work of activist organizations and sustainability projects, in real life.
You're probably an expert by now, or maybe you have even more questions than when you started.
Either way, we made a little guide for you:
FAQ
What is an NFT?
NFT stands for Non Fungible Token…. Blah blah…you’ve heard this already right? If you got to this point you probably already have heard about NFTs but perhaps just have even more questions than you had when you knew nothing about this.
NFT is a unique digital asset; think of a picture, a painting, a video, a performance, a ticket, a collectible, a song, your dad’s sculpture collection, your signature or even your working contract. Its ownership and value are tracked on a blockchain and it can’t be replaced.
What is blockchain technology?
Blockchain simply describes the database that is shared within a computer network. As a database, it records information and stores it digitally. These records cannot be changed and are public which makes them open-source and transparent. This guarantees the value and the authenticity of the NFT and its ownership to the creator and the buyer through a smart contract.
What are NFTs useful for?
The utility of NFTs is what actually pushed us to kick off this project. There are many reasons why we think NFTs are a great tool for creators. This technology allows creators to build their own community, on their own terms, without the need to depend on a third party, mostly unfair towards the creator. NFTs are sold from creator to collector. From you to me. Additionally, it helps the creator to receive a % of the selling price as a commission. So, if an NFT reaches a crazy price point, the creator could receive a percentage of this transaction, something that does not happen in the conventional creators market.
Why are some NFTs so expensive?
Supply and demand. There are no rules set to put a price on an NFT. This world gained its fame due to some of the crazy price points of some artworks, the most expensive one ever selling for 91,8M$. However, this doesn’t mean that all NFTs have to, or will ever, reach similar price points. It is still a marketplace, so our work at Loading…NFT is to advise creators on these kinds of concerns they may have and give them the tools to deep dive into this space.
What are gas fees?
Gas fees are the “taxes/commisions” placed on a transaction so that the transaction is recorded in the blockchain. They are used to compensate for the energy that miners need to sustain the network and to verify transactions as soon as possible. The price of gas fees is dynamic, and it changes depending on the network’s activity. If you want to know an estimation of today’s gas prices you can check:
