Great Bulls On Fire

Key NFT terms that you should know. Beginner friendly and easy to understand. A thread.

Differentiating between Web1,2 and 3. Web 1 - Read only. One-way communication. Web 2 - Read and Create. It's the internet today with interactive two-way communication. Web 3 - Read, Create and Own. Blockchain technology with unlimited use case. #web1 #web2 #web3

High-level NFT checklist to launch a project: 1. Create your NFT digital asset 2. Pick your preferred blockchain (ETH, SOL etc) 3. Set up digital wallet 4. Select marketplace - OpenSea or MagicEden 5. Sell the NFT and determine Royalty #nftproject #nftchecklist #nft

The problem with the word NFT is that it is too intimidating, especially when you mention "NFT" during a family gathering. Here's a simpler way to describe NFT: Digital assets that can be traded. Why digital assets? because they can be stored in the blockchain. #NFTCommunity

The future of NFT: Digital assets that generate income for you, instead of being just a collectable. #NFTs #NFTProject

There have been too few NFT projects that reward their holders in ETH. Most just take people's money and go missing. We aim to be one of the few that do this every quarter to holders of our NFT. Launch date TBA, follow us for the latest updates! #nftcollector

Asian entrepreneurs are underrated! Most Asian entrepreneurs work in silence and has been under the radar as compared to entrepreneurs in the West where media appearance is more common. #asianentrepreneur

NFT checklist to avoid buying terrible projects! 1. Community engagements on @discord and @Twitter 2. Attractive Utilities and Benefits 3. Founding team 4. Current Price vs Number of Items 5. Optional: Backed with Funding #NFTs #NFTProjects #NFTLaunch