Fxhash is a new blockchain platform for artists that allows peer-to-peer art to be traded. Instead of artists going through the effort to host their own sales, users can create NFT items on fxhash, and then investors can buy these NFT items.
More so, this brand-new way of operating within the realm of digital trading is inspired by the energy-efficient Tezos blockchain. It boasts a distributed ecosystem that includes natively-integrated digital wallets, allowing members to transact value or any other NFT while remaining at ease with their private information being secured.
related: Instagram NFT Integration Coming Soon
What is fxhash?
Fxhash is a niche platform specializing in trading NFTs leveraging generative art. As previously explained, fxhash is the marketplace for selling your digital art with a touch of interactivity. For example, as an artist using fxhash, you can upload your work via the artist dashboard, and once you determine the starting price, collectors can purchase unique outputs by minting.
What’s truly remarkable about the fxhash platform amidst all its generative awesomeness is still in beta. As a collector of NFTs, you can get your hands on one of these rare treasures speaks volumes to the quality and affordability of their digital collectibles.
Considering that many fxhash projects cost around 2 XTZ (~$10) to project, the risk-to-reward ratio on the platform (compared to Ethereum-based NFTs) is reasonable. Plus, there are additional ways to earn XTZ by simply having a confirmed balance on your account at any given time.
Are People Minting Their NFTs on FXHASH?
The fxhash platform recently reached 100,000 total mints – just shy of its 1-month anniversary. That’s a fantastic showing for the young company, and it also shows that not only is their potential here to make significant gains quickly. Also, it showcases the competitive drive of many current and former artists who are switching in their best artwork on this platform.
Quick Guide to Minting on fxhash
Minting (creating) NFTs on fxhash is similar to minting on Ethereum or Solana and their beta version is live since April. That being said, here’s a guide to creating NFTs on fxhash.
- Download the best Tezos wallet.
- After that, buy some XTZ (Tezos).
- Type fxhash.xyz in the Chrome search bar.
- Explore projects and select the one you would like to mint.
- Authorize the transaction via the Temple prompt.
- Tada! You just minted your first fxhash NFT.
- You can view this item in your NFT collection.
Conclusion
You should remember that the platform is in beta testing mode, so you can expect some downtime. But the best part is that you can mint and buy or sell NFTs without the high Ethereum gas fees. Lastly, the fxhash platform is growing fast, so it’s worth checking out if you’re into digital arts, metaverse, NFTs, and blockchain. The prices are low as compared to other platforms with very unique items. However, the prices can skyrocket if the platform gets popular day by day; therefore, it’s worth minting and stacking some wonderful projects to make some gains on this blooming platform.
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sources: academy.shrimpy.io
author: mnmansha
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
