Are NFTs bad for the environment?
Yes and no. NFTs minted on early generation blockchains, like Ethereum, generally require a lot of energy due to the way "proof-of-work" consensus algorithms behave to validate transactions. To mint a single NFT on “proof-of-work” blockchains is estimated to take the equivalent amount of energy it takes to power a U.S. household for over 4.5 days and produces as much as 300 pounds in CO2 emissions.
In contrast, OneOf utilizes more energy efficient “proof-of-stake” blockchains like Tezos and Polygon. The Tezos blockchain is known to use 2 million times less energy than traditional “proof-of-work” blockchains—taking the same amount of energy needed to send out a single tweet to mint an NFT. The Polygon blockchain is known to be more than 84,810 times more energy-efficient than Ethereum. Creating an NFT on Polygon is believed to take the equivalent amount of energy needed to send 2.5 emails, compared to 20,750 emails on Ethereum.
How to find NFTs available for offers?
When you click on an NFT in the marketplace, you’ll see a “make offer” button next to the NFTs that are available for offers.
Can I resale my NFTs on OpenSea?
Yes. OneOf Sports/Lifestyle NFTs specifically built on the Polygon network can be resold on OpenSea. Once you export these NFTs from OneOf to your own crypto wallet that is compatible with both OneOf and OpenSea, you will be able to resell them on ...
How to list your NFTs publicly for offer solicitation?
All of your NFTs will be available for offers by default You have the option to take your NFT off of the marketplace, which means that other users will not be able to make offers on it. If you wish to make your NFT private, just click the eyeball ...
Can OneOf NFTs help me access exclusive experiences?
Absolutely. Although NFTs are digital assets, they can also come with exclusive OneOf Vault Content for holders. This Vault Content could be special IRL (in real life) benefits such as access to an unreleased song, VIP concert tickets or a ...
I've heard that NFTs are selling for millions of dollars. How can I afford an NFT?
Built on energy efficient “proof-of-stake” blockchains like Tezos and Polygon, minting an NFT on OneOf is thousands of times less expensive than other platforms that use more traditional “proof-of-work” blockchains. OneOf further subsidizes these low ...