If you're new to crypto, you probably want to check out NFTs 👀 This week, we will walk you through the ways to buy your first NFT & explain how to identify promising NFT collections!
Buying an NFT is not much different from any other purchase online. Open an NFT marketplace likeYou can search on the top row for a collection or click on explore to browse around and see what you like. Let's say you have won the lottery and can afford one of the highly valuableYou can choose one of the Bored Apes you like. Apes with a pink Ethereum symbol are being bid for and have no fixed price.
If you're feeling generous and have the 108 ETH to buy Bored Ape #6846, click on the Ape and see the NFT's price history and an option to buy. Once you click on Buy Now, you will proceed to the checkout window. Each transaction requires gas fees, although this should not be a problem if you are buying a Bored Ape. However, say you want toYou can also pay by credit card when checking out. However, the transfer is done in ETH, so you will have to pass. It benefited from the incredible boom of NFTs in 2021 when trading volumes shot up from virtually zero to a record of almost $5 billion in January 2022.
OpenSea was founded in 2017 and was the first in the market, which allowed it to achieve its dominant position today. It has also received investments from several high-profile crypto funds like a16z. Although OpenSea faces
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