Crypto Hotshots 2022 🔥♨️

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram Tiktok
Voice of Crypto
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
Reading: What Are NFT Mystery Boxes and How Do They Work?
Share
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Blockchain
  • VOC Explained
Reading: What Are NFT Mystery Boxes and How Do They Work?
Share
  • bitcoinBitcoin(BTC)$25,745.00
  • ethereumEthereum(ETH)$1,814.83
  • tetherTether(USDT)$1.00
  • binancecoinBNB(BNB)$277.33
  • usd-coinUSD Coin(USDC)$1.00
  • rippleXRP(XRP)$0.51
  • staked-etherLido Staked Ether(STETH)$1,813.85
  • cardanoCardano(ADA)$0.352933
  • dogecoinDogecoin(DOGE)$0.066697
  • solanaSolana(SOL)$20.08
  • Events
  • Videos
  • Podcast
Voice of CryptoVoice of Crypto
Aa
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Blockchain
  • VOC Explained
Search
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
Follow US
Copyright © 2023 Voice of Crypto. All Rights Reserved
Voice of Crypto > VOC Explained > What Are NFT Mystery Boxes and How Do They Work?
VOC Explained

What Are NFT Mystery Boxes and How Do They Work?

Rose Nnamdi
Last updated: 2023/03/14 at 11:58 AM
Rose Nnamdi Published May 8, 2022 March 14, 2023
Share
What Are NFT Mystery Boxes and How Do They Work?

If you have been in the NFT space for a while, you must have come across the term,  ‘NFT mystery box’. An NFT mystery box can be likened to a physical mystery box, except, in this case, it has random NFTs from a project or collection. 

Usually, the NFTs that make a part of the different mystery boxes have varying levels of rarity. Some are rarer than others, thereby having a higher value attached to them. 

During an NFT mystery box event, some collectors end up with a super rare NFT that fetches them a lot of money. The rarity level of an NFT determines its worth. 

Those that participate in an NFT mystery box event do not know the exact NFT that will be given to them, as it is designed to surprise them. 

- Advertisement -

People can purchase mystery boxes from NFT Marketplaces like OpenSea, Rarible, and so on. Some people buy the box then open it to see what they got. Others try to flip it for profit without opening it. 

People participate in this type of event because of the thrill that comes with it. It gives them the feeling of opening a gift and the content usually surprises them. 

Secondly, there is the probability that the NFT contained in the NFT mystery box that they purchased may have a high level of rarity that they can sell for a lot. If they get a rare NFT, the margin of profit is usually high because they paid a relatively low price to get it. 

An NFT Mystery box may hold a piece of art, song, books, and so on. In some cases, a blockchain game may give its users rare collectibles that can be used in the game for a cheap price using this method. People can purchase rare skins, avatars, lands, and so on using this method if they are lucky.  

- Advertisement -

You Might Also Like

Spheroid Universe Coin to be Listed on MEXC Exchange

Unleashing a New Digital Realm: The Birth of Computer Gaming

DPAT Raises Private Funding To Enhance Web3.0 Ecosystem

Pink Moon Studios Reveals ‘KMON: World of Kogaea’ Pioneering a New Era in Web3 Open-World Gaming

OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

TAGGED: Blockchain, NFT
Share This Article
Facebook Twitter Email Copy Link Print
Previous Article VOC, Crypto, Nvidia Nvidia Fined By SEC for Omitting Important Crypto Information
Next Article ? Here’s how you can do it Want to create a DAO? Here’s how you can do it?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Subscribe to our Newsletter

Get Newest Articles Instantly!

Ledger
newsletter
Popular News
Web3 Shorthand
Web3 Shorthand: A Glossary for Crypto Newbies
Web3 Live London
Web3 Live Day 2 Roundup: Unleashing the Future of Technology and Innovation
Quick-Tips-To-Avoiding-A-Fake-Crypto-Wallet
Quick Tips To Avoiding A Fake Crypto Wallet

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram Tiktok
Voice of Crypto
Voice Of Crypto hits a beat with almost 15 million users, churning out the best news and content in the Web3, crypto and blockchain space

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Legal

  • Global Events
  • Advertise With Us
  • Privacy Policy

Know Us

  • About Us
  • VOC Team
  • VOC Vigilantes
  • Brands Who Trust Us
  • Contact Us
Copyright © 2023 Voice of Crypto. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?