Buying and trading non-fungible tokens are becoming the new normal for many people. NFTs have become a trendy subject for inventors, investors, musicians, and artists. The NFT wave pushes the price of digital goods like signed tweet screenshots and NBA player highlight clips.
NFT sales topped $2 billion in Q1 2021. In truth, they are speeding up countless digital transactions every day. Transparent and decentralized blockchain technology offers authenticity at its foundation.
Honestly, this concept got me baffled at first, and you may also wonder how non-financial transactions (NFTs) are documented and validated. A thorough investigation and countless hours in front of my laptop taught me how NFTs are tracked…Phew!
NFTs are monitored and confirmed on the blockchain, which serves as a public ledger. Each NFT has its own unique transaction hash, making it impossible to duplicate. In a blockchain, all transactional data is collected and stored in blocks, linked together to build the whole blockchain. This information is kept on file forever and is accessible to the public for review and confirmation.
A block is created for each transaction on the blockchain, and each block contains all of the transaction data. They are filled and joined together with the previously produced block to complete the structure. These records of transactions establish an environment in which anybody may verify the validity of an NFT transaction, regardless of their location.
Sounds pretty overwhelming, right? But don’t worry, it is easier than you think!
If you like buying and selling NFTs as much as I do, it’s a good idea to get familiar with tracking and verifying your own NFT transactions. And for this purpose, NFTStudio24 provides you with a step-by-step guide on verifying your NFT collection and enjoying the digital world with absolute authenticity.
Step-by-Step Guide to verify NFT Collection on NFTSTudio24?
Let’s start with the basics. Understanding how to monitor and verify your non-fungible tokens is just as essential as learning how to purchase an NFT. NFTStudio24 allows you to sell and promote your NFT collection and check the authenticity of an NFT. This helps you to be certain of what you’re buying, who you’re dealing with, and when the transaction has been completed properly. Even more importantly, you will be able to get valuable market information on all of the NFT projects from all around the globe.
Want to verify your NFT collection on NFTStudio24? Follow the steps below.
Requirements for NFT collection verification
Before NFTStudio24 considers a submitted account for verification, they demand that the account, at a bare minimum, meet the following requirements:
- Make sure you have an email address set up.
- Make sure you have a profile photo and a banner set up.
- Not be previously barred from using NFTStudio24’s services due to a breach of the terms of service.
Reminder: NFTStudio24 retains the right to refuse to verify collections in various circumstances, including but not limited to when we are not confident that the artwork is authentic but also when the collection does not fulfill the necessary specifications.
Whenever a collection has amassed at least 1000 ETH/WETH in volume on NFTStudio24, the collection’s status is automatically validated by the NFT Studio24 support systems. This volume does not include the private sales of the collection under review.
How to apply for NFT collection verification on NFTSTudio24?
- Visit NFTStudio24’s official website or click here.
- You are on the NFT Collection Verification page. Read the content to refresh your knowledge, remove any ambiguities, and hit the APPLY NOW button at the bottom.
Congratulations! You are at the shopping cart page where ‘collection verification’ is added to your cart.
- Click ‘Proceed to checkout,’ add your email, and upload the collection you need to verify.
- Choose your preferred payment methods. For users’ convenience, NFTStuido24 offers two kinds of payments methods; Payment in Cryptocurrency: BTC, ETH, USDT(TRC20) & Credit Card (Stripe). Select the preferred mode and place your order.
Now sit back and relax!! You are only three business days away from enjoying the legitimacy and authenticity of your NFT collection!!