How to step into the world of NFTs as a beginner?
Posted by Martin nura on August 8th, 2022
But as beginner, it is quite natural to feel a little intimidated. Here’s a quick guide that will help the beginners start their NFT journey with some of the best and biggest NFT marketplace.
NFT Marketplaces are platforms where NFTs can be stored, traded or in some case be minted.
How to access the NFT Marketplaces?
Set up Crypto Wallet:
Choose a wallet that works well with the blockchain network ad will support the NFTs that you wish to buy.
Prefunding the wallet:
Prefund your wallet before buying, selling or minting NFTs. Do detailed research on which cryptocurrency will be compatible with the marketplace you wish to use.
Creating an Account :
Creating an account in the marketplace you wish to purchase the NFTs is important.
NFT Marketplaces- how do they work?
One can buy, sell, trade and mint NFTs in NFT marketplaces.
Signing up process will be different on every marketplace. However, setting up the crypto wallet and funding your wallet would be the initial process.
Buying NFT and selling NFTs:
NFTs are usually sold for fixed prices or in auction. In a few cases people can buy submit bids to the owners to negotiate the price.
For selling NFTs, first you need to upload the digital onto marketplace and enter a fixed price or if you choose to sell it via auction. Once the marketplace verifies the asset, it will be up for sale in the marketplace.
As beginners it is very important to do your own research before you get started with NFTs. The blog has given a quick overview of how the beginners can explore an NFT marketplace.