NFTs, or non-fungible tokens, are just now having the biggest moment they have ever had. Think of it as the egg finally hatching and a T-Rex appears. Some who rode the early NFT wave make millions overnight. These digital artifacts are at the center of an exciting mash-up between pop culture, crypto enthusiasts, decentralization advocates, collectors and tech aficionados.
Bet you are ready to dive into the world of NFTs but don’t know where to start? Use our list of the Best NFT Platforms to learn the basics and 101 in order to find the right place to buy and right NFT marketplace for you.
NFT 101 – BOOT CAMP – WHAT IS A NFT? IS IT IPTV?
NFT stands for non-fungible token, which a unique digital asset managed on blockchain that you are able to buy, sell, trade and own.
When a commodity is non-fungible, it means it’s not mutually interchangeable. As an example, if you buy a Beeple Crap or 3LAU NFT, you can resell it for cryptocurrency, but it’s not directly interchangeable with other NFTs.
Any NFTs non-fungible nature is what gives it its appeal. It’s a unique piece of data. And because NFTs exist on a blockchain, they allow for peer-to-peer (P2P) transactions. This is a major upside for creators looking to sell their digital wares directly to their fans and cut out the middleman.
Blockchain also enables NFTs a few other benefits. Here are the basics:
- An NFT is a digital file with a unique identity.
- An NFT is built on a blockchain using specific token standards, most commonly Ethereum ERC-721.
- Creating an NFT requires uploading your digital file to an NFT marketplace.
- Blockchain allows you to verify the authenticity of an NFT, which is a large part of its appeal.
Once you get the basic gist of NFTs, it’s easy to make your own NFT. Common NFTs include digital art, music NFTs, in-game tokens, trading cards like basketball cards or Pokemon cards and more.
First Open & Fund Your Account On Your Chosen NFT Exchange
This is the easy part. Visit your chosen marketplace and follow directions to open up an account. Most require little legwork. If you have your wallet set up, you’ll be able to get to trading NFTs fairly quickly once your account is funded.
|DeFi Swap||High Spending Limits||Low Or No Fees||Mobile Traders||Crypto Investing||New Investors|
Second Start Bidding On Your NFT And Buy IPTV With Bitcoin
Once you have your wallet set up and enough ETH in your NFT exchange account to buy, you’re ready to go!
If you’ve ever bid on something on eBay or StockX, you know how this works. You may choose to bid on the primary offering of an NFT or wait until you see what the market value is on the secondary market. If that does not work we also have plenty of IPTV portals to sign up to enjoy. It is whatever you prefer. Portal, M3U, APK and more!