NFTs are Non-Fungible Tokens; 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.
In short, NFTs are digital assets like images, videos, gifs, music, art, and everything on the internet that belongs to you like your Tweets. Jack Dorsey, one of the co-founders of Twitter, sold his first tweet as an NFT for more than $2.9 million. Each NFT has a unique value which is called a token and it gives you complete authority over your assets and certificate of ownership so in that way no one can claim your assets unless they don’t buy them.
If someone wants to buy the NFT, first he/she has to exchange some currency with you and in return, he/she will receive a token of that NFT.
How it Works: NFT was developed using blockchain and a distributed ledger to store the record about each node. Moreover, it is completely decentralized.
How to Buy NFTs
To buy NFTs you must join a platform where you can sell or buy NFTs, there are a lot of NFTs platforms like OpenSea, Rarible, Binance, Super rare, and more.
Here we are going to discuss NFT purchasing on the OpenSea 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 OpenSea. 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 button “Next”:
Click on “Connect” it will take a little bit of time to connect:
After a successful connection, it will redirect you to the given page. Hit on “Accept and sign”:
Click on “Sign”:
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:
In the “Photography” section, it will display all trending photographs, you may select one of them and can explore each one by one:
After clicking on your favorite NFT, here you can make the offer by clicking on “Make offer” or “Add to cart”:
Go to the cart to view all the products:
Here it will show all the details about the product to purchase just click the button “Complete purchase” and complete the payment process:
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.