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INTRODUCTION
Welcome to NFT LEAGUEZ, the number #1 platform for peer-to-peer sports competitions on the blockchain.
The first sports theme chosen to launch the Leaguez is Basketball. With approximately 2.4 billion followers, it is one of the top 10 most popular sporting codes.
Here, you will find curated how-to-guides & information to get you buying, selling, trading, playing & earning.
If you are unsure of what to do next, there are a number of resources available, including these tutorial guides & setup documentation (https://start.nftleaguez.com/).
NFT stands for “non-fungible token”.
In plain English, it’s a one-of-a-kind digital asset.
When you own an NFT, you can choose to store it because you’re a long-term investor or simply because you love the art.
You can also sell it and turn a profit.
For creators, NFTs allow them to enjoy royalties, unlike traditional markets.
Each time an NFT sells and passes hands, the creator benefits from the preset royalties that they had agreed on.
Use cases for NFTs are plentiful and are being explored in the field of games, music, real estate and more!
A prominent use case for NFTs is that it establishes proof of ownership, which opens up new avenues for creators.
On a blockchain, you can track who owns an NFT.
If you owned an NFT, the whole world would know that your NFT belongs to your specific wallet address, and no one can dispute your claim of ownership.
Anyone can download an image of the Mona Lisa on Google Images but not everyone can own the Mona Lisa.
This is the strength of digital ownership.
You might have heard that the best place to buy NFTs are on Ethereum.
When you buy an NFT on Ethereum, you need to pay gas fees in order for your transaction to be processed.
Ethereum gas fees can easily cost more than the NFT you wish to mint or buy.
On Solana, transaction fees are a fraction of a cent.
And, it’s lightning fast!
Not to mention, the environmental cost of one transaction on Solana is less than two Google searches.
Last modified 7mo ago