Open edition (OE) NFTs have taken the Web3 space by storm. With well-known artists creating their own variations and popular projects like Checks VV emerging, it’s no wonder you might be curious about what an open edition NFT is and why it’s suddenly so popular. Is it simply a fad reserved for prominent creators with a cult-like following? Or is it a huge opportunity that nearly everyone is passing up? Let’s take a further look into the latest buzzword and see what all the hype is about. What Is An Open Edition NFT? An open edition NFT is sold with no supply cap and a set buying period. Another variation is to set no time limit, enabling the NFT to be purchased indefinitely. However, this isn’t as common as scarcity still plays a role in the value of NFTs including open editions. When it comes to creating an OE NFT, there are generally two types of token standards used by creators. Both of which have their own pros and cons. ERC-1155 token standard This standard can support an infinite number of tokens in a single contract, meaning it’s often less expensive to publish to the blockchain as a creator. […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
