What's a Flow "NFT" and why Flow Blockchain?

A Flow NFT is an NFT with ownership tracked on the Flow Blockchain (Flow) instead of another blockchain like Solana or Ethereum.

NBA Top Shot is built on Flow.

You may have heard of very high fees on Ethereum to buy NFTs which can be even higher than the cost of the NFT you want to buy.

On Flow there are no fees in buying NFTs. On top of this, Flow is the leading blockchain by energy efficiency requiring less energy to create than a Google search to create an NFT. You can check out Flow's energy use in this report.‍

Due to having no fees and being environmentally friendly, the biggest brands in the world have released their digital collectibles (NFTs) on Flow Blockchain including Dr Seuss, Billboard, NBA, NFL and the UFC.

Buying NFTs

• Once you have set up and funded both your Blocto or Lilico and Dapper wallet, you are ready to buy Flow Blockchain NFTs.

• NFTs can be purchased directly from the original creator, or bought from someone who is reselling the NFT. This is the equivalent to buying a physical good like a t-shirt brand new or second-hand.

• Buying direct from the creator ‍To buy a Flow NFT direct from the original creator, you can check out our NFT drop calendar for upcoming launches. Once you see a drop you like, you can click on the drop and then click "Go to Drop" to go straight to the website that will enable you to buy the NFT.

• Buying on a marketplace ‍If instead you would like to buy an NFT after the initial sale, you can buy from Flowverse NFT. There is a list of all NFTs available on this marketplace here.

Selling NFTs

• Once you have bought or acquired a Flow NFT, you can choose to sell it. To sell the NFT, you can login to Flowverse NFT and sell from your My Collection page once you have setup your account.

What can I do with my NFTs?

Depending on the NFT, they can be used for many different purposes.

Access events: Some NFTs can be used as tickets or memberships to access real life or digital events. For example, Hoodlums allows you to access high profile parties.

Show them off: You can display NFTs publicly by setting your Twitter profile photo to be the NFT or setting up a web profile to display them on .find.

Access community: You can use your NFT as a ticket to login to certain websites that support it. For example, most NFT collections have a private Discord group where only holders of the NFT can chat and receive extra information.

Get airdrops: Holding some NFTs allow you to receive free extra NFTs called airdrops. Be on the lookout for which NFTs offer this. Some examples of this happening previously were Ballerz holders being airdropped the Sneakerz collection, Party Goobz holders receiving Party beers and Flowverse Socks holders getting a free Flowverse x Zeedz collab airdrop.

Investment: Some people view NFTs as a speculative investment i.e. buying NFTs and then selling if they go up in value.