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How to buy and sell NFT
NFT Digital Assets

How to buy and sell NFT?

Everyone is talking about Digital assets, cryptocurrencies and NFT’s. Do you know how to buy and sell NFT? Well! It is still in the initial stage and there are a lot of development and improvements happening around it. Like cryptocurrency, NFT’s are also built on a blockchain platform. To understand NFT’s you will need to have at least a basic understanding of Blockchain and cryptocurrencies. This article will focus on NFT and will teach you how to buy and sell NFT.

How to buy and sell NFT? This example will help, Cryptocurrency is your Dollar, Euro or whichever currency you use and NFT’s are a piece art, music, and even videos that you can buy using your money. The only difference is everything you buy will be your digital assets i.e. it will be stored in the Blockchain under your address.

Should you buy a NFT?

I am not a super tech nerd, but getting my head around all this was easy. Once you understand the basics, all of it looks similar. But, be aware that all of this is still new and there will be a lot of changes moving forward, so make sure you research well before getting involved. Also, there are 10 times more SCAMS than legit digital assets in the internet today. So, stay updated and research more. There are a lot of sites that will teach you how to stay updated and safe in this digital world, keep checking HowThisThat as well, i might upload those content soon. For now, let’s learn how to buy and sell NFT?

None of the information here is financial advice. It is just information that i know and want to share. Also, i am not sponsored by anyone i mention here and yes i do hold some NFT’s.

Let’s get into how to buy and sell NFT.

More on how to buy and sell NFT

how to buy and sell NFT

Just like Amazon and Facebook marketplace, NFT’s have their own marketplace. NFT’s are built on Blockchain platform and to buy an NFT on a certain Blockchain, you will need a cryptocurrency that is supported on the same Blockchain. Like, to buy NFT’s on Ethereum Blockchain, you will need to have ETH. These days there are multiple marketplace that accept a wide range of payment options too. Also, to store cryptocurrency you will need a crypto wallet, visit how to create a cryptocurrency wallet to know more.

Here is a list of marketplace:

  1. Open Sea:
    – Popularity : 9 out of 10. It’s very popular.
    – About: It holds different kinds on NFT’s and is also free to sign up. Also, this platform allows you to create you NFT’s and sell it here. It’s customer base is growing everyday, mainly to sell NFT.
    -Blockchain : It supports 150+ different tokens for payment.
  2. Crypto Punks:
    – Popularity : 9 out of 10. If you have spent some time researching NFT. I am sure you have heard about Crypto Punks. These NFT’s are sold out and a single one values in millions of dollars. I just wish someone could gift me one 🙂
    – About: It is the most hyped NFT and also one of the earliest to be introduced.
    -Blockchain : Ethereum.
  3. Axie Marketplace:
    – Popularity : 8 out of 10. Axie Infinity , have you heard about this video game? I think most of you have as it’s one of the early adaptors on game based NFT’s.
    – About: It is a NFT marketplace where people can bye Axies, the video game characters, land and other digital assets that can be later used in the video game.
    -Blockchain : Ethereum.
  4. Rarible:
    – Popularity : 7 out of 10.
    – About: It is similar to Open Sea but not as popular. Also, here you will need it’s own token called ” Rarible” to make transactions and also to create and sell NFT.
    – Blockchain: Ethereum.

Conclusion

Great! now you know how to buy and sell NFT.

All the above platform are the main marketplace for NFT’s at the moment. However, there are a lot more and also a lot more still being developed. Keep researching and make sure you understand the project well before investing.

If you are looking to make a NFT, Learn how to make a NFT, here.

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Everyone is talking about Digital assets, cryptocurrencies and NFT’s. Do you know how to buy and sell NFT? Well! It is still in the initial stage and there are a lot of development and improvements happening around it. Like cryptocurrency, NFT’s are also built on a blockchain platform. To understand NFT’s you will need to…