NFT 1:1

NFT, a Non-Fungible Token, is the authentication document of a digital asset.
When you buy an NFT, you get the doorway to the item itself and a kind of letter of authentication.

You can buy NFT from marketplaces or directly from the seller.

The first time someone sells an item called ‘mint’.

The benefit of buying mint NFT is the opportunity to pay less –

I purchased both my witches at 0.07 ETH.

I could have paid as low as 0.05 ETH if I had gotten into the white-list

White-list (or WL in short) buyers are the first to buy units from an NFT collection.
The WL are usually investors and active users who participate in its communities (via dedicated Discard channels).

First of all – you can buy an NFT only by using cryptocurrency.
You can’t buy it with a credit card (yet). You will also need a wallet.
Not all wallets can hold both Crypto and NFT, and not all wallets are also selling platforms.

Once you pay for an NFT on a platform (or directly from a mint website) , it passes to your digital wallet (usually Hot wallet, I’ve explained it in the next post).
The Token verifies that your copy of the digital asset is the original.

To answer that, you need to understand that the real question is what NFT you want to buy and, more than that, what blockchain it is on.
I have a few wallets, the witches collection is ETH-based, and the Dreams is SOL-based.

There are 2 groups of wallets –
Hot wallet: This type is any wallet that is accessible online. So CoinBase platform or CoinBase wallet, Binance (it a platform that joining NFT soon), Phantom, and any other online wallet is a hot wallet.

NFT’s are collectible items.

Instead of an actual object, you receive a JPG file. Like baseball cards or action figures – they’re getting the value from other people willing to pay for it.

Other than arts, gaming, and similar markets, It is very trendy to use tokens for industries such as real estate, media, entertainment, and more.

Creating an NFT means turning your artwork into a piece on the blockchain by creating a public record. Everyone can make one; it is more accessible with the latest platforms.

There are a lot of scams and shit projects. However, some are amazing and have great value.
So first – make sure it’s Legit.
Be active – check the website, the artist, and who stands behind it.

You can keep it, or you can sell it.

My strategy for NFT is the same as in crypto – I sell half when I double the investment of the collection that way, I get to keep one as a free ride, meaning that when I sell it, it will all be profit.

The metaverse world is not yet a reality, it’s an idea, a possibility, but it is the next evolution of the internet, the web3.
Once the internet is used on blockchain technologies, it will allow faster uploading and downloading.