Learn more about NFT Pro and the difference between it and Bybit NFT Marketplace in this article.

 (NFTs) wave took the world by storm. But as we crest the curl of 2024, the question on everyone's mind is: Where are we headed? Has the NFT tide receded, or are there still uncharted waters to explore?

In this article, we'll dive deep into the current sentiment for buying and selling NFTs and dissect the evolving landscape of the NFT’s utility and value. We'll also set sail on a new voyage, introducing you to Bybit NFT Pro — a platform poised to redefine the NFT experience with its innovative features and focus on a seamless trading experience.

NFTs shone a bright light during the worldwide pandemic, triggering curiosity that led to a whopping rise in value of over $40 billion. But as recession loomed over the global economy in 2022, the NFT bubble burst, resulting in a fall of over 97% in trading volume.

Rumors began to circulate that NFTs were dead. However, 

 that NFTs are definitely active in 2024. In fact, we’d like to invite you to take a look at the bigger picture in order to understand the current state of the NFT and NFT marketplace, which is bound to give you a different perspective into the promise and value of NFTs. 

After a significant decrease in trading volume and hype in 2023, there are signs of resurgence and renewed interest in NFTs. This upward trend is mainly driven by the utility and value of each NFT. Successful projects are moving beyond just owning a digital image to offering actual benefits, such as access to exclusive communities, voting rights and in-game items. 

The participation of more major brands, such as Starbucks, Dior, Louis Vuitton and Lufthansa, indicates broader acceptance and potential for real-world application of NFTs. In addition, the rise of 

 and blockchain-based games is creating further opportunities for NFTs to become more than just collectibles.

Unlike NFTs back in 2022, which focused on 

, NFTs are evolving to put more emphasis on building sustainable and community-driven projects with long-term visions. As a result, we’re witnessing more intertwined utilization of NFTs beyond mere collectibles as they develop real-world utility, particularly in loyalty programs, 

Looking ahead, there will be a continuous evolution in NFTs and the marketplace through further development and increased awareness and adoption. As major brands enter the space and web3 technology progresses, awareness and understanding of NFTs are likely to grow, potentially attracting new users.

While no major regulations are expected in 2024, industry efforts to educate lawmakers and establish standards are ongoing.

Overall, while the NFT market might not be at the fever pitch of 2021, it's far from dead. The focus is shifting toward sustainability, utility and real-world applications, which could pave the way for a more robust and valuable future for NFTs.

Bybit NFT Pro is a decentralized NFT marketplace aggregator that connects users to the immense world of NFTs. With NFT Pro, you’ll be able to browse listings from an extensive list of NFT marketplaces. 

This upgraded version from Bybit NFT opens a gateway for users to list and trade popular NFT collections, with the most competitive fees available in the market. The platform aggregates leading NFT marketplaces, including OpenSea and Blur, and synchronizes bids placed on Bybit with all of the aggregated marketplaces. 

Since web3 and NFT boast dynamic usability, Bybit NFT Pro offers extensive tools to manage your NFT purchases and enables you to list and trade in bulk — all within the same platform. 

However, this NFT Pro version is currently only available on the Bybit web, with the mobile function soon to be released. 

As of now, the Pro version only supports 

 NFTs. More blockchain compatibility will subsequently be rolled out. 

Bybit NFT Marketplace is a one-stop destination for listing and trading NFTs. Here, you can get early access to cutting-edge NFT collections from creators worldwide, including special projects Bybit supports. Users can buy NFTs that include digital art and collectibles without additional payment fees, using the token the NFT is priced in, including ETH, USDT and XTZ.

The NFT Marketplace also offers Mystery Boxes at a fixed price. Each NFT Mystery Box contains a unique random NFT, which comes in four different rarity levels: N (Normal), R (Rare), SR (Super Rare) and SSR (Super Super Rare). Buyers can open the Mystery Box anytime, or trade it without opening it for a profit.

The key differences between NFT Marketplace and NFT Pro are as follows: 

Trading should be seamless, easy and convenient. During Bybit’s emergence as a leading crypto exchange, we’ve revamped our NFT Marketplace to fit the greater demands. Here are some of the tweaks we’ve made that give you manifold reasons to give NFT Pro a try. 

Bybit NFT Pro incorporates a customized user experience optimized for speed and ease. With a few clicks, users can browse Ethereum-based NFTs from multiple marketplaces worldwide while skipping the hassle of navigating through multiple marketplaces. 

The simplified interface gives users an overview of each NFT’s performance and statistics to help them make more informed decisions when buying and selling assets. While NFT Pro currently supports only the Ethereum blockchain, more chains such as Bitcoin and Solana are soon to be integrated. 

Optimized for Openness and Early Access to NFTs

NFT Pro users receive exclusive and early access to world-class, 

 collaboration with leading global sports brands, pop-culture icons, digital art, NFT artists and more. The transparent integration of multiple NFT marketplaces also helps traders get better clarity around popular NFT collections and spot potentially high returns for investment collectibles. 

Fun, Rewarding and Unique Points Collection Feature

The newly introduced points-earning mechanics on NFT Pro will help users unlock more rewards as they trade. With every NFT purchased or traded on the platform, users can earn cumulative NFT points that can be used to redeem exclusive NFTs and exciting prizes from prize pools. More new rewards will be added regularly to the redemption catalog. Keep your eyes peeled for the latest rewards, exclusive NFTs listings and airdrops.

Featuring Exclusive and Branded Stores on NFT Pro

Bybit NFT Pro offers a simple user interface so you can easily access the “Specialized NFT Store” featuring Bybit’s exclusive Tier-1 brands–partnered NFTs. You can receive access to the exclusive 

 and more. Instead of having to browse these NFTs individually on the overall marketplace, NFT Pro houses all of them for easy access in a few clicks. 

How to Buy and Sell NFTs on Bybit NFT Pro

:Connect your wallet to NFT Pro by clicking on 

You may connect your Bybit Wallet (Web3) or any third-party wallets supported by the platform. 

 function has yet to be added to our platform. Stay tuned for the next product upgrade. 

 to browse all collections listed on NFT Pro. Click on your desired collection to enter the collection’s profile page. 

: On the profile page, you may apply filters such as 

 to find your desired NFT. Click on the icon, and then click on 

On the order confirmation page, you’ll find relevant information such as the source of the NFT, total price and available balance. Click on 

: If you have insufficient funds in your wallet, make a deposit first to your custodial wallet or Bybit Wallet (Web3). 

Bybit NFT Pro supports the concurrent listing of your NFTs on multiple marketplaces. The advantage is that you’ll only need to sign off once to authorize the listing on NFT Pro, and the information will automatically be updated on other marketplaces.

: Select the asset to list in your custodial wallet by clicking on 

:Select the markets on which you want to list and enter relevant information, including the listing price and order expiration date. 

: Confirm the listing of your asset(s) on designated markets by clicking on 

Intermediate

Bybit_NFT_Marketplace_vs_NFT_Pro.png

Bybit NFT Marketplace vs. NFT Pro: Everything You Should Know

KXLR NFT has strategized a long-term plan for the King Xolo NFT collection to leverage the strength of the founding partner's Web 2.0 business for web3 expansion. Learn how it works.

 (NFTs) have gained mainstream recognition, changing how we perceive art, ownership and value. While there is speculation that this NFT trend is diminishing, you'll be surprised to learn that more newly launched NFT projects and collections exist. One is the King Xolo Locker Room Collection (Xolo NFT), which ingeniously integrates sports, history, gaming, blockchain technology, digital art, marketplaces and the realms of NFT and web3, forging a novel business and entertainment frontier teeming with adventure and infinite prospects.

This article explores the state of NFTs and how the King Xolo NFT may likely play out.

What Is the King Xolo Locker Room (KXLR) Collection?

 features 8,888 unique NFTs, each with its own distinctive traits and offering exclusive benefits to its holders. The Xolo NFT has developed this collection of NFT that seamlessly combines NFT gamification, decentralized finance and digital art to create an entirely new frontier of business and entertainment with a play-to-earn dynamic.

As the proud owner of a King Xolo NFT, you gain early access to projects and consulting services and even have the privilege of participating in community voting events. These NFTs stand out for their gamification and tokenomics system, making the user experience both enjoyable and rewarding.

The King Xolo Locker Room represents an NFT collection crafted in collaboration with the esteemed Mexican football club, Xolos. Established in 2006, Xolos boasts a massive following of 830,000 on Twitter and has been a champion in both Liga MX and Ascenso MX. This collection is a unique venture by the club's owner, specifically designed for our fans in Mexico, with extensive promotion through club channels, including the X space. 

The King Xolo Locker Room Collection aims to provide users with an ecosystem in which they can manage their NFTs and reap the benefits of being a part of the King Xolo community. The project captures the essence of Tijuana, Mexico, and the diverse, empowering and distinctive spirit of Mexican culture.

The collection comprises 8,888 Xolo dogs, each representing a unique aspect of Mexican culture. King Xolo NFTs not only portray the diversity of uniquely Mexican culture but also play a part in forging partnerships with renowned brands and artists to boost their credibility and reputation. Such strategic collaborations enhance the visibility and recognition of King Xolo NFTs, making them an attractive proposition for art enthusiasts and collectors alike.

The King Xolo founding partners have a prolific background in casino scenes, soccer teams, concerts, boxing matches and web3 events. In addition, the other founding partners of King Xolo come from a family in the large boating and fishing industry, with constant growth in global exports. Essentially, the King Xolo NFT collection can leverage the strength of the founding partners’ Web 2.0 business for Web3 expansion.

Based on the thesis that NFT holders want to have fun and reap the rewards of holding onto their cryptos or NFTs, the King Xolo NFT collection will integrate unique tokenomics to help grow the ecosystem. Users are required to complete quests to advance in levels, and once they reach the highest level, they can unlock passive revenue rewards that are airdropped to holders once each month.

Scenario: Two Level 6 King Xolo NFTs Required to Mint Each Golden Temple

Users can choose to send two King Xolo NFTs on quests to get them up to Level 6. Then, they can earn enough $XOLO from all of the King Xolo to send the chosen Xolos from the collection on a quest. By completing the quest, players can earn mint tokens on the Level 6 quest and combine two mint tokens in order to mint each Golden Temple.

Once the player has experienced enough expeditions to achieve Level 6 NFTs, they can unlock the Golden Temple Quest. Each King Xolo that completes this Level 6 quest will be awarded with one mint token.

Players must collect two mint tokens and 1 $SOL to mint one Golden Temple. Hence, players need to level up two King Xolo NFTs to Level 6, and then go on the Level 6 quest in order to mint 1 Temple.

: Not all King Xolo NFTs need to go on expeditions. All Xolo NFTs can earn $XOLO and, with enough of these tokens, you can send your chosen King Xolos on quests to level up your chosen Xolos, which will mint your Temples.

Owning a King Xolo NFT opens up a world of exclusive benefits, such as early access to projects, consulting services and participation in special events.

Let’s elaborate further on these benefits and how to unlock them.

The NFT will leverage a unique stake-to-earn gamified system that connects the Lore of King Xolo to questing holders in order to unlock unique access to monthly airdropped revenue rewards. By staking KXLR collection, users can lock their tokens for a specific period and receive rewards based on their participation, or can choose to go on a quest and upgrade their NFT level in the staking platform.

King Xolo NFTs are staked to earn $XOLO tokens. The amount of the $XOLO tokens starts at three per day and increases by 10 (to 15%) as the NFT advances in levels. Each Golden Temple earns a passive reward from the total amount airdropped from the treasury once a month. This passive reward is distributed as $XGOLD utility tokens to trade on the King Xolo proprietary token swap for $USDC.

Priority Pass for Multi-Chain Games Staking

Each holder of a Xolo NFT can access betas of various multichain games, where they can participate with tournaments, token farming, airdrops, mystery boxes and NFTs.

Privileged Access to the King Xolo Locker Room

Gaining access to the King Xolo Locker Room is a privilege reserved for holders of the 8,888 original and rare NFTs from the King Xolo collection. Inside the locker room, you’ll find exclusive features such as NFT airdrops, early token airdrops and a commemorative badge of honor.

King Xolo Locker Room distinguishes itself in the NFT realm by providing its members with a unique experience. As an exclusive member, you’ll have early access to collections, as well as the ability to display and interact with your XOLO NFTs and a platform to connect with like-minded enthusiasts.

While both $XOLO and $XGOLD are cryptocurrencies, they serve distinct purposes and functionalities within the King Xolo ecosystem. $XGOLD is a utility token to trade on the King Xolos proprietary token swap for $USDC. In comparison, $XOLO tokens are distributed as a reward by staking King Xolo NFTs.

King Xolo's tokenomics revolve around a mint funds allocation, as projected below.

: King Xolo will use 11% of the mint for a Neefter partnership, web3 events and business initiatives to raise awareness and promote the use of web3 in the Mexican decentralized finance market.

: Thirty-six percent of the mint will be used to reward owners, staff and those involved in helping mint the King Xolo NFT collection.

: Fifty percent of the mint funds will be allocated to major players in the ecosystem. The plan is to bring in between 8–10% per month in interest. The interest earned will then be used for gamification rewards and operating expenses.

For example, assuming there’s a revenue reward interest of $15,000 that will be airdropped to holders each month, the allocation for holders will be as follows.

Principal allocation from mint: 50% of mint projected daily earnings (per Golden Temple) is $0.22 to $0.50 daily. For example, two Level 7 King Xolo NFTs staked with one Golden Temple will reward the holder with 12 $XOLO per day paid in an $XGOLD token.

: The remaining 3% will be used for marketing costs to refine and expand community growth for the King Xolo Collection.

Holders who actively engage in the King Xolo NFT project will receive revenue rewards, fostering a sense of community and loyalty.

Beyond these plans, King Xolo has several forthcoming partnerships and collaborations in the pipeline, including participation in mystery boxes and a partnership with NewLand Web3. These alliances will expand the project's reach and provide exciting new opportunities for the King Xolo community. In addition, the King Xolo extended road map will include at least three additional NFT collections that will unlock more utilities and crypto-earning opportunities, including an NFT collection to support a custom-built play-to-earn dog-racing application, and a true second-generation collection that will unlock the gateway to more fun ways to gain crypto assets.

King Xolo believes that web3 alliances are essential to promote collaboration, establish standards, facilitate interoperability, and provide resources and expertise. This helps to foster innovation and trust in a decentralized environment, accelerating the development and adoption of advanced web technologies.

There are already open lines of partnership, such as those with SOREDI Web3, Mobaverse, SaaSGo, Club Tijuana and more.

The investment potential of KXLR NFTs largely depends upon factors such as rarity, demand and market conditions. The current mint price for KXLR NFTs is 1.5 $SOL. With partnerships and wide connections from the founding partners, investing in KXLR will grant you access to many perks, including discounts and rebates, exclusive access to the stadium tour and facilities, exclusive presale for season soccer tickets and more.

However, as with any investment, conducting comprehensive research and considering the associated risks is necessary before making any decisions. The projected demand for NFTs is likely to grow as the project advances, potentially resulting in an increase in the value of NFTs.

The King Xolo Locker Room Collection presents a distinctive mix of rarity, value and benefits driven by its community. With numerous earning and monetization strategies, exclusive benefits and a strong road map for the future, this project offers an exciting opportunity for those looking to enter the world of NFTs. So, why not take a leap into the captivating universe of King Xolo and discover its hidden treasures?

NOV23_R23_Evergreen_Educational_King_Xolo_Locker_Room_(KXLR)_NFT_Revolutionizing_Digital_Art_through_Web3.png

King Xolo NFT: A Deep Dive Into Rarity and Value

Bybit NFT marketplace let users to buy, sell, and trade NFTs. Get early access to the cutting-edge NFT collections and Bybit exclusive projects. Learn how it works.

Non-fungible tokens (NFTs) are unique digital files which are impossible to replicate. Each NFT contains computerized code and is cryptographically verified to substantiate the ownership of music, art, licensing or even real estate assets, whether digital or physical. 

Since NFTs are built on smart contracts using an underlying blockchain protocol such as Ethereum, Solana or Polygon, it’s possible to distinguish the provenance of assets, 

Unlike NFTs, fungible tokens (such as fiat currency or bitcoins) are indistinguishable, meaning one can be exchanged for another.

 is your one-stop destination to mint, purchase and bid on NFTs. Users and participants receive early access to cutting-edge NFT collections from creators, including exclusive projects which Bybit supports. 

Bybit NFT Marketplace currently supports only the Ethereum (ETH) blockchain for minting NFTs, while Solana (SOL) blockchain NFTs can be listed and traded on the platform after being minted. Self-minting of NFTs on Bybit NFT is not currently supported. All NFTs traded on Bybit NFT Marketplace are minted via the Ethereum blockchain. 

Participants can buy, sell and trade their favorite NFTs — such as digital art and collectibles, including GameFi and metaverse NFTs. The checkout process is seamless and straightforward. Simply make payments using the token in which the NFT is priced, including ETH, USDT and BIT. Please note that Bybit NFT Marketplace currently only supports images and videos. 

Each NFT on Bybit NFT Marketplace is priced only with one token. For example, if an NFT uses the BitDAO (BIT) token as its pricing unit, you cannot use other tokens — such as USDT or ETH — for trade with that NFT.

Bybit NFT Mystery Boxes come at a fixed price. Each Mystery Box contains a unique, randomly selected NFT, which comes in four different rarity levels: N (Normal), R (Rare), SR (Super Rare) and SSR (Super Super Rare). The purchased Mystery Box can be opened at any time, or traded unopened in the marketplace.

Users who have an existing Bybit Spot Account can access the Bybit NFT Marketplace. However, if you’re a new user who has yet to register an account on Bybit, you first need to sign up for an account to proceed with the NFT trading process. 

Please make sure you have USDT, BIT, or ETH in your Spot Account before trading.

. There will be an additional trading method, Auction, which is expected to launch in March 2022.

Please refer to the following table for trading fees:

Note: All of the fees are subject to change.

As shown in the table above, the Bybit NFT Marketplace charges a 1% trading fee for all NFT sellers. In addition, sellers will need to pay a 1% royalty fee to the creator.

*Please note that self-minting of NFTs on Bybit NFT Marketplace is not supported.

 = NFT traded price × 1% trading fee + NFT traded price × 1% royalty fee 

The minimum and maximum amounts that can be set are as follows:

Buying an NFT on the Bybit NFT Marketplace

Please head to Bybit NFT Marketplace and click 

 on the NFT you desire to purchase. Then, click on 

. Once the payment is completed, your NFT has been successfully purchased.

Selling an NFT on the Bybit NFT Marketplace

Please head to your profile page, click 

 on the NFT you want to sell, and then enter the 

 page. Next, please follow the steps below to list your NFT:

1. Choose the pricing token (USDT, BIT or ETH)

Bybit charges a 1% trading fee for all NFT sellers. In addition, sellers need to pay a 1% royalty fee to the creator. 

Listings of NFTs which you’ve created are not supported. At this time, only NFTs purchased from the secondary market can be listed.

Bybit_learn_NFT.jpg

What Is Bybit NFT Marketplace?

Get started with Bybit NFT Marketplace to mint, purchase, and bid NFTs. Learn everything you need to get early access to the cutting-edge NFT collections and exclusive projects.

Bybit Guide

Bybit Card

Bybit Pay

Bybit Lending

Bybit VIP

Bybit UTA

Bybit Earn

Bybit TradFi

P2P Guides

Bybit NFT

Bybit Trading Bot

Copy Trading

MT4

Derivatives

Bybit Institutional Services

Get Started With Bybit NFT

Bybit Guide

Bybit NFT Marketplace vs. NFT Pro: Everything You Should Know

NFT

King Xolo NFT: A Deep Dive Into Rarity and Value

Get Started with Bybit NFT

What Is Bybit NFT Marketplace?