Buy Draft Kings NFTs – How to Buy Draft Kings NFTs 2022
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The fantasy sports industry was worth around $18.6 billion as of 2019. With the entire sports industry worth around $500-$600 billion, fantasy sports accounts for just below 4% of the entire market, a far from insignificant percentage. Draft Kings is the king of fantasy sports. They’re the number 1 company in the industry, meaning they’re able to gain many interesting partnerships and more importantly innovate.
Recently, Draft Kings released a series of NFT collections, all of which sold out in just minutes. Considering all of this, I’m sure it comes of little shock that the resale value of these NFTs is substantial. This has left many wondering how to buy Draft Kings NFTs, both on release and the secondary market. Luckily for you, we’ll be covering exactly that!
After reading this article you’ll have a solid understanding of exactly how to buy Draft Kings NFTs on secondary markets, secure drops, and we’ll even break down some of the best marketplaces for buying Draft Kings NFTs. Enjoy!
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#1 Broker to Buy MATIC – eToro
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How to Buy Draft Kings NFTs – A Quick-Step Guide for 2022
We appreciate that not everyone has the time to read through an entire article to get the answer they’re looking for. So, to help those looking for a quick and easy guide we created this quick-step guide detailing how to buy Draft Kings NFTs.
- Step 1: Open and Verify eToro Account: The first thing you’ll need to do is register for an account with eToro. Just head over to eToro.com, press “Join Now” and fill out the form. As eToro is a regulated platform, you’ll also need to verify your account. To complete the verification process, you’ll need a photo ID (passport, driving license) and proof of address (bank statement, utility bill).
- Step 2: Deposit Funds: Once your account has been verified, you’ll need to deposit some funds. To do this click on the button marked “Deposit Funds’, enter the amount you want to deposit, and press “Deposit”. The funds will arrive in your account shortly. eToro supports deposits using either a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill).
- Step 3: Buy MATIC required to buy NFTs on eToro: After you’ve funded your eToro account, it’s time to stock up on MATIC. Simply type “MATIC” into the search bar, press “Trade”, enter the number of MATIC you want to buy, and press “Open Trade”.
- Step 4: Download MetaMask and send MATIC to MetaMask: Following your MATIC purchase, you’ll need to get MetaMask set up. You can create your MetaMask wallet either by using the browser extension or downloading the MetaMask app. Once you’ve set up your wallet, withdraw funds from eToro to your MetaMask address (ensure you’re set to the Polygon network).
- Step 5: Connect to an NFT marketplace and buy the NFT: Once you’ve loaded up your MetaMask with MATIC, the next step is connecting your wallet to OpenSea. To do this, click on the wallet icon in the top right, select MetaMask, and confirm the connection. After this, it’s time to buy a Draft Kings NFT. Type the name of the NFT you want to buy into the search bar, select the correct one, and then either bid on or purchase the NFT. If your purchase is successful, you’ll need to send the MATIC to an address and then the NFT will be sent to your wallet. To view your purchase, go onto the “Profile” section of your eToro account.
What is a Draft King NFT?
A non-fungible token, often abbreviated to NFT, is a non-interchangeable, blockchain-based digital asset. An NFT can constitute many different things, from a song to a piece of art, or an in-game item. Regardless of which category an NFT falls in, they’re all verifiable on the blockchain. This prevents fakes from being created and additionally, provides a receipt for any transactions. If you’d like to know more, we have a dedicated guide explaining NFTs.
If you wanted to know how to buy Draft Kings NFTs, then the chances are that you’d like to know a little more about this collection specifically. The Draft Kings NFT collection aims to combine the collectible trading card industry with the NFT industry. A match made in heaven if you ask us. By creating collectibles on the blockchain, it’s impossible to fake a card – something that plagues the traditional trading card sector. Additionally, it also makes trading easier as you can simply send an NFT in a few seconds over the blockchain rather than having to pay for packaging and shipping while risking the collectible getting lost in transit.
Where to Buy Draft Kings NFTs – Mini Marketplace Reviews
So, you’ve decided you want to buy a Draft Kings NFT, but which platforms actually support the collection? Firstly, the platform will need to support the Polygon network, secondly, we’ll only be looking at trusted, well-established platforms to ensure the safety of our readers. So, let’s take a deep dive into the best platforms to buy Draft Kings NFts right now in 2022.
1. OpenSea – Overall Best Platform for Selling NFTs
OpenSea is perhaps the best-known NFT marketplace in the world. They’ve been operating since 2017 and in that time have managed to amass an impressively sized, loyal, userbase. As of January 2022, they support both the Polygon and Ethereum networks, meaning there’s plenty of NFTs to browse through. However, despite being the most popular NFT marketplace, they’re lacking a real-time support system. Meaning, you’ll either have to submit a request or browse the help center in order to gain an answer to your query – not great from a company that frequently deals with 6-figure sales.
You’re able to buy Draft Kings NFTs alongside a wide range of other NFT tokens, providing plenty of choices. Despite there being a dedicated Draft Kings NFT marketplace, we had to give OpenSea the top spot on this list as they offer a far wider range of NFTs. Meaning, if you so desired, you could invest in NFT art at the same time, rather than needing to set up multiple accounts. If you’re a creative type, then you’ll also be happy to know that OpenSea provides everyone with the ability to mint an NFT collection – ideal for upcoming artists.
All in all, OpenSea is the most popular NFT marketplace for a reason. It hosts a huge amount of NFTs (80+ million) and has great functionality. The interface is clean and easy to navigate and connecting a wallet is straightforward and intuitive. All of these factors combine to give users a stellar experience when using OpenSea to buy Draft Kings NFTs.
67% of retail investor accounts lose money when trading CFDs with this provider.
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2. Draft Kings Marketplace – Best Dedicated Platform to buy Draft Kings NFTs
It wouldn’t make much sense to review the best platforms to buy Draft Kings NFTs without including their proprietary platform. Although Draft Kings has been in the fantasy sports sector since 2012, their marketplace was only launched in 2021, making it less than a year old at the time of writing. Despite this, the marketplace has seen good success, likely due to a combination of Draft Kings having a preexisting fanbase and the massive popularity of their NFT collections – some selling out just minutes after release.
When you first go onto the Draft Kings Marketplace, it’s immediately apparent it’s a fantasy sports website. The UI is fairly easy to navigate, however, it can be slightly confusing at first as it takes you to the “drops” section of the site, rather than a homepage. When browsing Draft King, you have a good variety of filters allowing you to browse by collection, supplier, price, and NFT type, providing an easy way to find specific NFTs. To login to the Draft Kings marketplace, you’ll need to use your Draft Kings login.
Overall, the Draft Kings marketplace is a great platform for anyone looking to buy a Draft Kings NFT. The platform is easy enough to use and there are a few guides available for anyone unsure of how to buy a Draft Kings NFT. If you’ve already got an account set up with Draft Kings, it’s likely the easiest platform to use. However, if you want to show off your collection to other collectors, OpenSea is somewhat more accommodating.
67% of retail investor accounts lose money when trading CFDs with this provider.
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3. Autograph.io – Best Platform for Draft Kings NFT Drops
All Draft King NFTs are created by Autograph, a company that brings sports icons together with massive brands to create top-tier NFT collections. They’ve been operating since 2020, considering the amount of NFTs they’ve produced during this short period – it seems as though they’ve been rather busy.
As you could imagine, the Autograph website only includes their own creations. The website is easy to navigate and doesn’t require much effort to find a particular collection. By purchasing Autograph NFTs, you’re able to join an exclusive community and potentially receive free NFTs if you’re able to complete various collections before a certain date. While there’s no secondary marketplace on Autograph.io, they host the initial drops of their NFT collections there. So if you want to get your hands on a Draft Kings NFT before anyone else, you’ll have to be constantly checking which collections are releasing in the near future. Additionally, if you’re quick enough to get a drop, you’ll be taken to a Draft Kings website and placed in a queue. Each NFT is first come, first served, so you’ll have to stay on your toes if you’re trying to get lucky.
67% of retail investor accounts lose money when trading CFDs with this provider.
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Benefits of Draft Kings NFTs
Draft Kings aims to revolutionize the world of sports collectibles by implementing blockchain technology. You might be thinking “why fix something that’s not broken”, and while an understandable thought, there are several benefits to Draft Kings NFTs.
- Fakes – Unfortunately, fake collections plague the sector. Whenever an item has value, there will be a fraudster looking to capitalize. Implementing NFTs and blockchain technology fixes this issue by making every collectible easily verifiable on the blockchain – making it impossible for a fraudster to fake.
- Storage – The vast majority of high-end collectibles require specialized storage to improve the longevity of the item. Sometimes even needing to be temperature or humidity-controlled. This can quickly become expensive and inconvenient. NFT collectibles only require a wallet and can be sent near-instantly without worry about them getting lost in transit.
- Modern – Despite collecting trading cards being massively popular a decade or two ago, the amount of people that engage in the activity has steadily declined in recent years. The opposite is true for crypto/NFTs, they’ve went from being unheard of to a household name. Therefore, it stands to reason that combining the two could potentially revitalise the collectable trading card sector.
How to Buy Draft Kings NFTs? – Full Guide for 2022
Wondering how to buy Draft Kings NFTs? Well, we’ve got you covered! Here at EconomyWatch, we understand that learning how to use a new platform and navigate your way through different blockchains can be a tiresome and troublesome task. So, to make things as easy as possible for our readers, we’ve created this comprehensive guide detailing previously how to buy Draft Kings NFTs using eToro and MetaMask. So, without further ado, let’s get stuck into the guide.
Step 1: Open an Account with eToro & Verify Account
If you want to get your hands on an NFT from the Draft Kings collection, you’ll need to create an account with a regulated, trustworthy platform, and ideally one that offers commission-free trading. Luckily, top-rated broker eToro fits all three of these criteria. All you need to do in order to create an account with eToro is head over to eToro.com, then click on “Join Now”, and in the required fields. After your account has been created, you’ll need to verify it before you’re able to make a purchase. All you’ll need at hand for this is a photo ID (passport, driving license) and proof of address (bank statement, utility bill). Once you’ve filled in the necessary information to verify your account, eToro will confirm on their end, and then in just a few minutes, your account should be ready to go! Additionally, eToro also has a wide range of NFT stocks, something that could come in handy when diversifying your portfolio.
Step 2: Deposit Funds
Once your eToro account has been created and the verification process has been finished, it’s time for you to deposit some funds. This process is quick and painless. Just click on the button marked “Deposit Funds”, then enter the amount you’d like to deposit, and lastly, press “Deposit”. The funds will then land in your account (first-time transactions tend to take a little longer). Please keep gas fees in mind when depositing, with MATIC you should be able to get away with around $10, however, if you want to buy anything with ETH you’ll need an extra $50-$100. eToro supports deposits using either a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill, etc).
Step 3: Purchase MATIC required to buy Draft Kings NFTs on eToro
The Draft Kings NFT collection is built upon the Polygon (MATIC) network, which means that you’ll have to stock up on MATIC if you want to purchase one of these market-leading fantasy sports NFTs. To do this on eToro all you’ve got to do is wait until your deposit has arrived, type “MATIC” into the search bar, press “Trade”, enter the number of MATIC you want to buy, and press “OpenTrade”. You can view your purchase on the “Portfolio” section of your account. Once again, before going through with the purchase, please ensure that you have enough MATIC to cover both the NFT purchase and any fees. Additionally, eToro offers a wide range of NFT crypto, meaning that you can stock up ahead of any purchases you are planning on different networks, saving time later down the line.
67% of retail investor accounts lose money when trading CFDs with this provider.
Step 4: Download MetaMask & Send MATIC to MetaMask
After the MATIC has arrived in your eToro account, you’ll need to download MetaMask. This is because NFT marketplaces only support non-custodial web3.0 ready wallets like MetaMask and Trust Wallet. Head over to MetaMask.io (watch out for phishing sites), download either the browser extension or mobile app, and then follow the on-screen instructions to set up your new wallet. It’s important to note, you should always write down your metronomic phrase on paper and store it somewhere safe. Once you’ve created your MetaMask wallet, you’ll need to withdraw the MATIC from eToro to the eToro Money wallet (your login is the same as eToro), and from there you can then send your MATIC to MetaMask – make sure your MetaMask is set to the Polygon network before copying your address and sending funds. After the transaction has been confirmed, you should find your MATIC in your MetaMask wallet.
Step 5: Connect to an NFT marketplace
Once your MetMask has been funded, you’ll need to connect your wallet to the NFT marketplace. After navigating to the marketplace click on the wallet icon (typically top right corner), select your wallet, and press “Connect”. You’ll need to confirm this action on MetaMask. Once you’ve confirmed the connection, your wallet should be linked to OpenSea. To ensure the connection has been successful, click on the “Profile” section of your account, you should be able to see your wallet address just below your icon.
Step 6: Buy Draft Kings NFTs
After your wallet has connected, type the name of the NFT you want to purchase into the OpenSea search bar and select the relevant option. It’s important to note that there are two types of sales on OpenSea; “buy it now” and auctions. Meaning, you’ll either be able to purchase the NFT right away or you might have to win the auction, similarly to bidding on eBay. Once your purchase is complete and you’ve sent your MATIC to the seller, the NFT should then be released from escrow and make its way to your MetaMask. Every time you buy an NFT it’ll be sent to the wallet linked to OpenSea. However, if you want to view your new Draft Kings NFT, you can do so from the “Portfolio” section of your account.
How to Buy Draft Kings NFTs – Conclusion
Draft Kings has revolutionized the world of collectible sports memorabilia by mixing blockchain technology with the trading card industry. The result certainly seems like it has the potential to become the new standard of collectibles. It massively reduces the chances of getting scammed (think Logan Paul’s recent $3.5 million loss) and grants both the collector and author more power over their collection.
While the technology is tremendous, it can be a little difficult to get to grips with. To purchase a Draft Kings NFT on the secondary market, you’ll first need to stock up on MATIC using top-rated broker eToro.
If we take a look at the success Draft Kings has enjoyed with these collections, it seems to be only a matter of time before more big names get involved in the space.
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