To purchase from the NFT collection, users must create and verify an FTX US account. After that, the user must make a deposit of at least 0.25 ETH into their FTX account to complete the process. This is the minimum amount required to participate in the NFT Billionaire Collection.
Subscribers of the American business magazine will also get an exclusive 48-hour early access opportunity to purchase the NFTs before everyone else.
Non-fungible tokens or NFTs are now sweeping the digital art and collectibles market. They are digital assets stored on a blockchain, each having a unique identification number that distinguishes it from the others. They may be used to represent ownership of any kind of unique item. In contrast to fungible tokens such as bitcoins, which have a definite value, they are not capable of being traded or swapped at current prices.
For NFT fans, the Forbes Virtual Billionaire NFTS collection is a unique opportunity to have their own profile page on Forbes' website, which is made possible by a fun and engaging token that can be validated and exchanged on the blockchain.
The NFTs owners will have their own profile page, which will include a creatively illustrated headshot created by Goodog & ItsACat, a Barcelona-based company of 2D and 3D artists and animators. Current owners who have made their public wallet address available will also be included in the official Forbes.com ranking.
The collection will also be available on other NFT markets after the collection is sold out on FTX.