Summary

Who doesn’t like wonderful surprises? What's more, this surprise is a super rare non-fungible token (NFT). NFT blind boxes are similar to physical blind boxes. As the name suggests, the box randomly contains an NFT from a specific NFT series. In most cases, the scarcity of the NFTs contained in the NFT blind box varies. If luck strikes, a super-rare NFT can sell for tens of thousands or millions of dollars. Under normal circumstances, most blind box owners dismantle ordinary NFTs of this series.

NFT blind boxes can be purchased through NFT markets such as Binance NFT Market. The blind box can be opened at any time, or sold directly to make money without opening the box.

What is an NFT blind box?

A blind box refers to a box that is randomly filled with special products. Even if the contents are unknown, the buyer is still willing to pay a fixed fee to purchase it and then unbox it to reveal it themselves.

Some people may wonder why people are willing to buy things they don’t know. In fact, it's like Russian roulette. Everyone is "pushing their luck" in the hope of winning a special or rare product at a lower price. Anticipation and curiosity about the unknown attract buyers of all ages.

Blind boxes can also be regarded as the fun snacks that everyone has longed for in childhood, an upgraded version of "surprise chocolate eggs". These chocolate eggs are usually wrapped in a plastic capsule with a toy or other small surprise. No one knows what kind of surprise they will get before taking it apart. Not everyone likes toys. What’s really fascinating is the sense of surprise. Blind boxes work similarly, except without that delicious chocolate shell, and quantities are usually limited.

At the beginning of 2021, the NFT market took the world by storm, and blind boxes also set off a craze in the cryptocurrency field. Many companies are competing to release limited edition blind boxes containing NFTs of varying scarcity to surprise buyers.

Currently, there are thousands of NFT blind box series on the market. When purchasing a certain blind box series, read the instructions on the box to get a rough idea of what might be inside. Sometimes, you can also learn the probability of demolishing each NFT.

NFT blind boxes contain more than just artwork. A series of blockchain games such as "Axie Infinity", "DeHero" and "Metamon" will provide players with rare-level in-game items in blind boxes. These rare NFT assets can be game characters, virtual lands, skins or other collectibles.

The NFT in the blind box may bring double surprises. More common NFTs may drop in price quickly after their initial sale, but as long as there is market demand, the value of rare NFTs will be much higher than the initial selling price. If you are lucky enough to open a hot blind box NFT, you can also put it on the NFT market or sell it in an auction house.

As of November 2021, the most expensive NFT in the world is the artwork "Everydays: The First 5,000 Days" created by Beeple. This NFT is a collage of 5,000 images he has created daily since 2007. The work sold for $69.3 million at Christie's auction house, setting a new milestone for the NFT ecosystem.

Where to get NFT blind box?

There are thousands of NFT series in the market, which can be purchased through different NFT markets. The new NFT series is being released at full speed, and top NFT markets such as Binance NFT Market, OpenSea, Rarible, and SuperRare are the best ways to purchase new blind boxes.

Some NFT platforms cooperate with well-known brands and regularly issue blind boxes. For example, the NFT blind box released by the Singapore version of "Vouge" features sunrises around the world as its theme and features a variety of artworks. Follow Binance on Twitter and Telegram to learn about NFT blind boxes currently on sale.

If you want to purchase NFT blind boxes on Binance, you should first open an account. If you have opened an account, you can directly purchase the NFT blind box without registering again.

When purchasing or storing NFT through other markets, you need to open a cryptocurrency wallet on Binance Smart Chain (BSC) or the Ethereum network, depending on the specific platform used. MetaMask, Trust Wallet or Binance Wallet are all good options.

Ethereum, Binance Coin or BUSD are commonly used currencies to purchase NFT blind boxes. Please follow the Binance Beginner’s Guide to add the above coins to your Binance spot wallet.

How to buy NFT blind box on Binance

1. Visit the Binance NFT market and log in to your personal account . If you have not yet opened a Binance account, click [Register] to create an account.

2. Click [Blind Box] in the upper navigation bar. Then scroll down and click [Explore Market] to go to the blind box market.

3. Filter [Unopened] and select your favorite unopened NFT blind box.

4. Let’s take [VOGUE SG blind box] as an example. Click on the name to enter the product page.

5. The details of the NFT blind box are displayed here, including product description, price, expiration date and other information.

6. For example, click [Series Content] to view the scarcity ranking of NFT, that is, remove it from the blind box The probability of getting special and ultra-rare NFT.

7. Click [Buy] to purchase the blind box. A pop-up window will display the order details. Click [Confirm] to complete the purchase.

NFT blind box auction sale

If you want to buy the NFT blind box The box is an auction sale type, so you need to bid to buy it. At the end of the auction, the user with the highest bid will receive the blind box. The auction end time is displayed next to the current bid.

1. To participate in the auction, click [Bid]. In some cases, users can pay the [buyout price] and immediately purchase the blind box at that price.

2. The next step is to bid. Each bid must be higher than the previous bid by at least the minimum markup. If you are satisfied with the amount, click [Bid] to confirm.

How to open the NFT blind box

After successful purchase, NFT blind boxes are stored in [Collections] - [Blind Boxes].

1. Click on the blind box to go to the product page.

2. Next, click [Click to Uncover] to open the blind box.

3. Click [Open Blind Box] in the pop-up window.

4. The NFT artwork will be displayed here and then stored in [Collections] - [Blind Box].

How to sell NFT blind box on Binance

Unopened NFT blind boxes or NFTs extracted from blind boxes can be sold through the Binance NFT Market.

1. Click [List NFT] on the product page.

2. Immediately go to the listing page. For auction sales, select [Maximum Bid]. In the [Minimum Bid] field, you can enter a starting bid. At the same time, you can set the [buyout price] for direct purchase. If you want to skip bidding and sell immediately, select [Set Price].

3. Then, the system will display the [Price] field, where you can select the selling price of the NFT. Choose to receive payments in Ethereum, Binance Coin or BUSD.

4. Next, select the end date of the sale. This date can last anywhere from 12 hours to 7 days after listing. If you are satisfied with the listing terms, click [Submit].

How to withdraw NFT from Binance

h2>

Currently, Binance NFT Market does not support the withdrawal of NFT blind boxes. However, the NFT obtained after the blind box is opened can be extracted.

1. After opening the blind box, go to [Collections] - [Blind Box] and click on the NFT you want to extract. Next, click [Extract] on the NFT page.

2. Select the wallet network that will receive the withdrawn assets and paste the [target wallet address]. If the wallet is not associated, click [Add Wallet] to go to the [Associate Wallet] page.

3. Please confirm whether the blockchain receiving the assets is compatible, otherwise the NFT may be lost.

Summary

As NFT trading volume continues to surge, NFT blind boxes have become an excellent way to get involved in the NFT field. Incorporating the element of surprise and the attractive opportunity to obtain rare NFT artworks at a lower cost are the reasons why NFT blind boxes continue to be popular.