How to Buy NFT?

NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends.

How does an NFT make money?

• If you are an artist or creator of an NFT, you can get royalties for each sale of your work. Just make sure to specify this when you mint your NFT.

• If you own valuable NFTs and store them long-term on a platform or in a protocol (known as “staking”), you can earn interest on them.

How Does NFT Work?

Here are some things you should know about NFT’s:

• The majority of NFTs reside on the Ethereum cryptocurrency’sblockchain, a distributed public ledger that records transactions.

• NFTs are individual tokens with valuable information stored in them.
• Because they hold a value primarily set by the market and demand, they can be bought and sold just like other physical types of art.
• NFTs’ unique data makes it easy to verify and validate their ownership and the transfer of tokens between owners.

How can I buy NFT online?

Follow the steps below to buy NFT online:

·       Choose and fund a crypto wallet

·       Choose a marketplace and create an account

·       Connect your wallet to the exchange

·       Choose and buy an NFT.