Are you new to NFTs?
Discover all you need to know to get started in web3.
So what are NFTs?
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology. Unlike traditional digital items, NFTs have a distinct ownership record on the blockchain, making them unique and collectible.
In simple terms: Imagine you have a special trading card. This card is unique because there's nothing exactly like it in the world. That's what an NFT is, but in digital form. It's a special kind of digital item that you can collect, buy, or sell.
Isn't it "just a JPEG?"
NFTs might look like regular images, like a photo or a drawing you see online. But they're special because they come with a proof that says "you are the only one who owns this specific digital item." This proof is stored on something called a blockchain, which is like a super-secure digital record book.
While NFTs often include digital art or images, they are much more than just "JPEGs". Each NFT is a token that can offer various benefits and access rights, from exclusive community membership to real-world perks. Think about exclusive merch, access to an event or a free board game ;)
Ok, so what's Web3?
Web3 is Like a Newer, Cooler Internet:
Web3 represents the next generation of the internet, where decentralized technologies play a central role. It's a space where users have more control over their data and digital assets.
Blockchain Makes it Special:
Web3 uses blockchain, which is like a big digital ledger that keeps track of who owns what. It's very safe and hard to hack, so people trust it to keep track of their NFTs and other digital things. It's a decentralized ledger that records all transactions across a network.
Getting started with NFTs
First, Get a Digital Wallet:
To buy, sell, or hold NFTs, you'll need a digital wallet. Think of it like a virtual pocket where you keep your digital money and NFTs. Find more guidance on how to set up a wallet in our FAQ.
Most NFT transactions are done using cryptocurrencies like Ethereum, Polygon or Sol. If you need some guidance on how you purchase and manage these currencies, take a look at our FAQ.
Where to Buy NFTs:
Platforms like OpenSea, Blur and Foundation are popular marketplaces for a wide range of NFTs. These have already been minted and you can buy them off someone. Alternatively, you can mint from a new collection and be the first owner.
TIP: Twitter is Your Friend! Twitter is a bustling hub for the NFT community. Learn how to engage with creators, collectors, and enthusiasts to stay informed and involved.
Safety and Security
It's easy to get scammed.
Be Smart Online: Just like in the real world, you have to be careful online. Read up on how to keep your digital wallet and NFTs safe from bad people trying to trick you.
Learn Before You Leap: Always read up before you buy an NFT. Just like you wouldn't buy a car without learning about it first, don't buy an NFT without doing your homework.
TIP: Never click any links, ever!