What is a NFT?
A NFTÂ or non-fungible token, is a token that exists on the Blockchain. It is open for everyone to see, who created it, who owns it and who sold it to whom. NFTs allow ownership of digital art, digital collectibles and a variety of other digital media.
What is the Blockchain?
The Blockchain is a decentralized computer network, that allows everyone to see everything what is happening. All data and transactions are transparent, and you can always see who owned what token. There are many Blockchains with different tokens. My NFTs exist on the Ethereum Blockchain and you need Ethereum to purchase my NFTs. To purchase Ethereum, you need a Crypto Wallet.
What is a Crypto Wallet?
To purchase BitCats or any other NFT you need cryptocurrency. To hold and transfer cryptocurrencies like Ethereum, you need what is called a wallet. It's a unique address that allows you to send, receive and store cryptocurrencies and NFTs. You can have the same wallet on your phone and computer. You can even have offline wallets and store them in a bank safe. Personally I use the Metamask wallet, which I can warmly recommend.
How can I buy your NFTs?
To purchase my NFTs, you need a Wallet and funds on that wallet. With that wallet you can sign in to OpenSea, a NFTÂ marketplace where NFTs are being minted and sold. Once signed in you can simply purchase your desired NFT through the OpenSea marketplace.
Why should I buy NFTs?
NFTs are a great way to support artists directly and over the long term. Certain NFTÂ can also hold a great investment potential comparable to valuable art pieces. Overall NFTs are an exciting new Market and worth exploring.
What can I do with my NFTs?
Firstly, you can truly own them. That's something that was no possible for digital art and the blockchain is allowing this now. Then you can just collect them, like trading cards or toy figures. You can trade and sell them. Finally, you can use an Infinity Frame to show NFT in your house.