New territories can be exciting and scary at the same time! Below is our step-by-step guide! Make sure to take your time, going through all the content! If you just want to start with an overview check out the "Quick Overview" below.
Start here to get a basic understanding about NFTs. There is so much more to learn but this will be a good start!
Start here
Even though there are projects where you can buy NFTs via creditcard , most of them still require you to own crypto. We will tell you how!
Step 2
In "real" life you've got wallets to store your cash, you'll also need one for crypto! Learn how to get one that also allows you to enter the Web 3.0 and stores your NFT.
Step 3
It's all coming together! In this step we will use your crypto and your new wallet to buy your first NFT!
Step 4
Some of the NFTs out there can become super valuable, in this step we will create an extra level of security to keep them safe.
Step 5 (coming soon)
Create your own NFT or learn how you can join early projects and mint via their websites or via the contract.
Step 6 (coming soon)NFT = Non-fungible Token.
In other words it's a unique digital asset stored on a blockchain that comes with a certificate [metadata] to prove its authenticity even if someone creates multiple copies of it.
“If it’s a digital asset, what prevents me from simply downloading it, "right click and save as" or taking a screenshot of it? Why are some NFTs sold for so much money?”
Probably, the most commonly used example to explain an NFT is to compare it and its value to a piece of art in the real world. You can take pictures of the “Mona Lisa” and even buy replicas for as little as 140€, whereas the original is set to be worth more than 800 million euro.
In the digital world, it is the underlying certificate, stored on the blockchain that cannot be altered, that guarantees your NFTs authenticity or "Mona Lisa status". Other similar examples are old-school trading cards, whether its Basketball Cards, Baseball Cards or Pokémon cards.
There are many cards that look the same at the first glance but comparing further attributes like the number of cards ever printed or the rarity of a single card due to its appearance (diamond shine), make some of them much more valuable/worth than others.
The same goes for NFTs as they come with lots of parallels to the above described but with one big difference which becomes more and more relevant to a lot of the projects that are out there right now, UTILITY. Before we talk utility, let’s take a look at some of the different types of NFTs that currently exist.
Based on NFTs that have launched so far, we can categorize them roughly into the following:
As the name says these are NFTs that represent a digital piece of art.
Check out some of these art NFT projects that I think are super dope:
Collectibles are everything from digital, generatives avatars with different traits (i.e. Cryptopunks, Bored Ape Yacht Club or CryptoKitties), to digital Sport Trading Cards or digitalized sports moments.
Another category of NFTs are Multimedia NFTs that include digital assets within the Music space (Songs or short snippets of sounds) or digital assets for Games, TV Shows or books where the NFT can represent characters from these multimedia objects to the point where owing an NFT would come with verifiable ownership of its Intellectual Property to its owner. Other NFTs would represent ownership of “land” or parcels of entire virtual worlds and or games. Some examples are:
Now let’s talk about utility and communities. Something that a lot of people involved in current NFT projects value the most.
If you want to explore the space further and would like to get started with NFTs, hit the button and move to Step 2 and beginn your journey!
Remeber - we take you through the process step by step!
