You've come to the right place.
Below you can find information about NFTs and how to get started.
If you have any further questions, please feel free to reach out to us on discord or via email and a member of our team would be happy to help.
What is an NFT?
What you are investing in.
Non- Fungible Token.
*For simplicity sake we are not going to get nerdy about the details and we will only recommend certain products in this article. With that being said, please do your own research to determine which app or currency is appropriate for you. This post is designed to help someone get into the NFT space through some trusted programs.
Essentially an NFT is a file that you own the commercial rights to. You can delete it, use the artwork for revenue purposes, hold onto it, sell it, and in some cases the company or brand offering the NFT provides a physically attached product (like shoes or a house).
You need a "wallet"
Essentially what that means is that you need somewhere to store your assets online. We recommend "Metamask" for common uses. When you create your account make sure you DO NOT lose your recovery phrase. If you ever lose that phrase there is no way to ever get a new one or recover your assets.
Now, you have to add funds. In Canada many people use "Shakepay" to exchange Canadian to ETH or BTC. In this case youll want ETH. In the USA Binance is a common exchange platform. You can also use that within Canada.
Once you've converted your coin you will need to send it to your Metamask wallet. You can do this by scanning your account's QR code. Be very aware when you are sending money. If you scan the incorrect QR code, your funds will be lost in cyberspace.
Sounds risky? It is, a little. Just be aware of what you're doing. Once you get the hang of it you'll be fine. We always recommend sending a small amount the first time to make sure you're doing everything right.
Now that you have ETH funds in your Metamask wallet, let's move on.
Find a Marketplace
There are new marketplaces popping up daily. A popular and trusted marketplace right now is called OpenSea. There are scams floating around. Please make sure you are on OpenSea.io NOT OpenSea.fo
You'll want to create an account on OpenSea and connect your Metamask account. Google Chrome does a great job of having the Metamask plugin and connecting to OpenSea.
Next you find the project you'd like to invest in. We suggest spending a bit of time in the marketplace to see what's out there. There are a lot of projects looking to make a quick profit and likely will fade away which will decrease your investment. Find a project that either has artwork you love, or a project that seems like it will be around for longer than 12 months. This way you can ensure the team is here for the long term and plans to re-invest into the project.
Once you're ready to purchase you can BUY NOW or MAKE AN OFFER.
If you buy immediately, you will pay a "gas fee". A fee to essentially process your transaction. This cost varies as the network is busy or slow. Typical Gas fees right now are $35 USD on the low side and anything over $150 USD is typically high. They can go into the thousands so be aware of this when you purchase.
If you make an offer, the seller is not obligated to accept your offer, even at the end of an auction... Unless it's above 1ETH. Feel free to read more about buying and selling on OpenSea FAQ
Good Luck and let us know if you have any questions!
Thank you for considering our project.