How To Buy APENFT (NFT)?

A common question you often see on social media from crypto beginners is “Where can I buy APENFT?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports APENFT (NFT)

First, you will need to open an account on a cryptocurrency exchange that supports APENFT (NFT).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase APENFT (NFT) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy APENFT (NFT)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for APENFT (NFT) or APENFT (NFT) trading pairs. Look for the section that will allow you to buy APENFT (NFT), and enter the amount of the cryptocurrency that you want to spend for APENFT (NFT) or the amount of fiat currency that you want to spend towards buying APENFT (NFT). The exchange will then calculate the equivalent amount of APENFT (NFT) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of APENFT (NFT) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy APENFT (NFT)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is APENFT (NFT)?

APENFT’s objective is to transform art pieces, which once was an elite-exclusive item, to something that belongs to everyone. APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the worlds largest distributed storage system BitTorrent File System (BTFS). APENFT and its token NFT run on the Ethereum and TRON public chain under the ERC721/TRC721 standard and are permanently stored in the decentralized storage system BTFS.

From their whitepaper:

Core businesses of APENFT include investing in top NFT platforms and artworks, incubating leading NFT artists to build a bridge between world-class artists and the NFT world; sponsoring galleries, organizing art exhibitions or publications, and setting up awards to support art creation and criticism; establishing art collections, etc.

By applying blockchain technology into the NFT world, APENFT expands the use cases of blockchain. APENFT purchases well-known traditional and NFT artworks as underlying assets and works to improve the NFT trading standard. It provides support to government agencies, universities, lawyers, and industry elites in issuing policies that govern the healthy development of the industry.

There are now three major use cases in the blockchain industry, namely value exchange, collaboration, and record-keeping.

The unique NFT fits in all three of the use cases. It is not only a hot trend in the blockchain industry, but also a critical element that is very likely to revolutionize the industry and take it to the next level. As a blockchain enterprise, APENFT will invest in artworks and promote traditional and digital art by leveraging its strengths in technology, market, industry and policy research, with the aim of introducing blockchain into diverse use cases.

The team behind the APENFT project is composed of experienced thought leaders from the blockchain, finance and art communities. It will be headed by Steve Liu, he has an extensive financial management background, working in Fidelity, Nomura and other top investment banks and institutions. Many of the core advisors of the project are from the traditional art world such as Christie’s and Sotheby’s and other well-respected institutions.

What is the NFT token?

NFT, the native token of APENFT, is proposed and governed by the community, and its features are governed by smart contracts, with all information accessible on-chain. Community members will discuss and expand the features of contracts which will be voted on through NFT and executed in accordance with the majority rule. APENFT will in the future seek to expand its application in DeFi projects to boost connectivity by using smart contracts and the virtual machine on the TRON public chain. TRON currently has a total number of users exceeding 30 million, with more than 1.8 billion transactions, the world’s largest stablecoin circulation, and a rich and thriving blockchain business ecosystem.

APENFT (NFT) roadmap

The roadmap is broken down into 4 phases:

• Phase 1: Build the infrastructure for the NFT ecosystem
  Powered by TRON, one of the world’s top three public chains, and BitTorrent, the world’s largest distributed digital storage system, APENFT adopts a highly-integrated and heavily-invested infrastructure to drive the implementation of ERC721/TRC721 and its supporting facilities.
• Phase 2: Achieve a strong circulation of NFT
  APENFT is issuing NFT, the project’s native token, on leading exchanges like Huobi to extend and share the benefits with more users. The also implements a democratic and diversified governance through votes and mining, etc.
• Phase 3: Enrich the businesses of APENFT
  To push the boundaries of the NFT space, expand “friend circles” and enrich its business, the APENFT team will promote the creation and re-creation of top-class artworks and established franchise and custom NFT works with A-list celebrities with massive followings from the entertainment circles.
• Phase 4: Secure the key to authorization and confirmation of the digital world
  In an effort to promote a wider implementation of blockchain technology, APENFT will, at this stage, build on top of its NFT business, secure the key to authorization and confirmation of the digital world, and make a foray into digital entertainment and brick-and-mortar NFT projects, etc.

APENFT development updates in 2023

APENFT, officially registered in Singapore in March 2021, has made notable advancements in the NFT space by bridging the gap between blockchain technology and the art world. Here’s a comprehensive overview of the key developments and features of APENFT in 2023:

• Token Utility and Circulation: APENFT’s token (NFT) serves multiple functions within its ecosystem. It is used for rewarding artists and collectors and plays a vital role in governance and as a medium of exchange in the APENFT marketplace. The token’s utility extends across various blockchains, including TRON, Ethereum, and BSC, and is integrated with the BitTorrent File System for decentralized NFT data storage​​​​.

• Artistic Collaborations and Curation: APENFT has been actively involved in collaborations and curations, focusing on integrating art with blockchain technology. These initiatives aim to support NFT artworks and artists, fostering a vibrant community of creators and collectors in the digital art space​​.

• Market Performance: In 2023, APENFT’s token experienced fluctuations in its market value. While the overall trend was consolidatory to bearish, APENFT maintained a significant presence in the market, with a market capitalization in the hundreds of millions. As of the latest data, APENFT had a market cap of approximately $448,255,954, ranking it at #116 in terms of market capitalization. The circulating supply of NFT tokens stood at 990,105,682,877,398​​​​.

• Technical Analysis and Price Forecast: The NFT crypto price showed signs of consolidation with a bearish trend, struggling against selling pressure. Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggested a bearish sentiment in the daily timeframe. However, the future trajectory of the token’s price could vary depending on broader market trends and developments within the APENFT ecosystem​​.

• Future Roadmap and Prospects: APENFT aims to continue its mission of connecting top artists with blockchain technology, nurturing the growth of crypto artists in the NFT space, and expanding the use cases of blockchain in art. The platform focuses on investing in top NFT artworks and organizing art-related events to support the creative community​​.

APENFT has made significant strides in integrating blockchain technology with the art world, offering unique opportunities for artists, collectors, and investors. Its involvement in curating digital art and fostering a community around NFTs reflects its commitment to advancing the NFT space. While the market performance of its token has seen ups and downs, APENFT continues to be a noteworthy player in the blockchain art ecosystem.

Official website: https://www.apenft.org/

Best cryptocurrency wallet for APENFT (NFT)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for APENFT (NFT)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).