
Most people love a good surprise especially when it is
a rare non-fungible token. One of such surprises can be found in an NFT mystery
box. Similar to a physical mystery box, an NFT mystery box contains a random
NFT. For better understanding, let's look into what NFT mystery boxes are and
how they work.
What Are NFT
Mystery Boxes and How They Work
Mystery boxes are boxes containing a special random
product. An NFT mystery box contains a random NFT which is from a collection
that is only revealed when the box is opened. The box comes with a fixed price
which buyers are willing to pay without knowing the content until the box is
opened.
The reason why some people would want to purchase such
a product without knowing its content is that they are hoping to receive a rare
or special product at a relatively low price. Curiosity and expectation are things
that attract buyers of all ages.
NFT boxes in most cases will feature non-fungible
tokens with different levels of rarity. A lucky buyer can get
a super rare NFT that sells for millions
of dollars. On the other hand, the buyer can also get a common NFT that fellow
owners of mystery boxes possess in their collection.
Types of NFT Mystery
Boxes
It is amidst the boom of the NFT in the early months
of 2021 that the mystery box buzz emerged in the crypto space. Presently, many
companies are issuing limited-edition mystery boxes whose contents are NFTs of
different levels of rarity. They are doing this to surprise customers.
In the current market, there are thousands of NFT
mystery box series available. When you purchase an NFT mystery box from a
collection, the description on the box can give you a hint of what you might
get. In some cases, you see the odds that you have in getting each type of NFT.
The content of NFT mystery boxes is more than just
artwork. Blockchain games like Metamon, DeHro, and Axie give players scarce
in-game items in their mystery boxes. These rare NFT assets can be virtual
lands, characters, or other collectibles.
As long as there is demand for the rare NFTs, their
value may increase beyond their price tag. This is unlike common NFTs whose
value could depreciate after the initial sale. If you are lucky to own a highly
sought-after mystery box NFTs, you can sell them on auction houses or NFT
marketplaces.
Sources of NFT
Mystery Boxes
There are several NFT
marketplaces where you can purchase
thousands of NFT collections. NFT series keep emerging at breakneck speed and
they can be found at top NFT marketplaces like OpenSea, Binance NFT
Marketplace, SuperRare, and Rarible.
Some well-known brands are known to team up with NFT
marketplaces to routinely offer mystery boxes. For example, NFT surprise boxes
with artwork showing sunrises from around the world were released
by Vogue Singapore in 2021.
Furthermore, to purchase an NFT surprise box on a
platform like Binance, you must open an account. If you already have an
account, you do not need to open another one before buying NFT mystery boxes.
All that is required is that you have Binance Wallet. Other excellent wallet
options to buy NFTs on other platforms are Trust Wallet and MetaMask.
Conclusion
Purchasing an NFT mystery box can be a great way to
get involved with NFTs as the NFT trading volume continues to surge. What keeps
the hype going is the element of surprise and the opportunity to get rare NFT
at a lower cost. As a buyer, you can make thousands or millions of dollars if
you get lucky.
DISCLOSURE
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