Before delving into how to use premium proxies in the NFT world, let’s first take a look at what an NFT is. If you are a part of this realm, having premium proxies can give you a competitive edge over other players, whether you are looking to acquire rare NFTs or just trying to prevent plagiarism.
What Is an NFT?
Non-fungible tokens (NFTs) are digital assets such as videos, images, or animations whose ownership is bought and sold online in the form of unique digital tokens. They are most commonly bought and sold with cryptocurrency, mostly using the Ethereum blockchain. Each NFT contains a unique code that is associated with a digital artwork, allowing the owner of the NFT to be the sole owner of the original work, no matter what type of art it is.
The concept of NFTs was first introduced in 2014, but only gained widespread attention in 2021. This was the year that NFTs saw an increase in their value and demand, with some of the most expensive NFTs ever sold. For example, “Everydays: The First 5,000 Days” by the renowned NFT artist Beeple was sold for $69.3 million, while “The Merge” by Pak was purchased by multiple owners for a record-breaking $91.8 million. Needless to say, the hype surrounding NFTs is undeniable.
Advantages of Using Proxies With NFT
Proxies are intermediary servers between your device and the internet that provide a layer of privacy and security. They work by taking your web requests, sending them to the appropriate server, and then forwarding the web responses back to you while masking your IP address. Not only that, but proxies can also provide shared network connections, act as web filters and firewalls, and cache data to speed up common requests.
When it comes to NFTs, proxies can be particularly useful. They can help you automate the process of bidding and buying rare NFTs, detect wash trading, and scan for duplicate NFTs. With the right proxy, you can increase your chances of copping a desired NFT and protect yourself from fraudulent activity in the marketplace.
What Are the Best Proxies for NFT?
If you’re looking to buy or sell NFTs, ProxyCompass is the perfect place to get dedicated residential proxies. These proxies are exclusively reserved for you and give you access to real IP addresses from residential users. Not only are they reliable, but they also come at an affordable price, giving you an advantage over the competition.