NFTs are Non-Fungible Tokens, word non-fungible means irreplaceable and unique. I'm relating unique with nonfungible, everything irreplaceable is unique. For instance, if you draw a sketch, it becomes a masterpiece and nobody can replace it, which comes with uniqueness as well as being non-fungible. And the word Token means proof of authority which means the sketch you draw belongs to you and you are the authorized owner of this sketch.
If someone wants to buy the NFT, first he/she has to exchange some currency with you and in return, he will receive a token of that NFT.
Now the question arises of where you can buy or sell NFTs. Well, there are many marketplaces where you can sell and buy NFTs like OpenSea, LooksRare, Binance, SuperRare, and more…
How to Buy NFTs on LooksRare
To buy NFTs you must join a platform where you can sell or buy NFTs, like LooksRare. Here we are going to discuss NFT purchasing on the LooksRare marketplace, as it is a big platform where you can create, buy, and sell your NFTs. Step-by-step guidelines are given below:
Step 1: Connect the Wallet
Go to LooksRare. Firstly, we have to create an account on this website, secondly, we link our MetaMask wallet to this website. To link the wallet, click on the wallet icon given on the right side of the screen, and then select the Metamask wallet to sync.
Hit the “Next” button:
Click on “Connect” it will take a little bit of time to connect:
After a successful connection, click the button “Switch network”:
Step 2: Explore NFTs to Purchase
Click on explore given in the nav bar to search your interest areas: like music, photography, support, trading cards, and others:
Check the “Switch” button and select NFT that you want to purchase:
Hit the button “Buy Now”:
Complete the checkout process and hit the button “Buy”:
There could be many reasons to buy NFTs, you can invest in trending NFTs and can generate revenue, or maybe your purpose to buy is to support someone. To buy the NFTs you must have a digital wallet and enough credit in it so that you can buy it from any platform. There are multiple NFTs platforms in the marketplace through which you can sell and buy NFTs. You just need to connect your wallet with that platform to sell and buy NFTs.