A Beginner’s Guide in 5 Steps Started in the NFT World

Starmkgunu.co.in – Starting in the NFT world is not an easy task, as it requires a minimum of knowledge about blockchain and cryptocurrencies. Therefore, in this post we explain how you can start in this world as a buyer or creator.

How to Get Started in the NFT World: A Beginner’s Guide in 5 Steps

1. What are NFTs?

The first step in entering the world of NFTs is obvious: knowing what they are. There is a lot of misinformation about it, so we 100% recommend that you read the post NFTs : Everything you need to know .

Broadly speaking, an NFT is a new form of digital property that is made possible by blockchain technology. We can make an NFT of anything: from an illustration, to representations of physical goods such as chairs or wine bottles. The important thing is that we will always need a file linked to the NFT , which will generally be an image .

2. Elegir blockchain: Ethereum, Tezos, Binance

The second step to enter the world of NFTs is to know in which blockchain you are going to collect or create (mine) NFTs . Each blockchain is a different ecosystem with different decentralized applications (Dapps). It is something like using MacOS or Windows: everything is similar and there are things in common but they are not the same. However, don’t worry because many people use several at the same time.

The most used blockchains are Ethereum and Tezos , although there are many more such as Binance , Solana and Cardano .

The main blockchain is Ethereum , as it was one of the first to make NFTs possible. This has made it the blockchain where there are more collectors and dapps , having the most developed ecosystem . The negative of this blockchain is that the gas fees , which are the fees that must be paid to make a transaction within the blockchain, at times can be quite high . This means that we will pay to create an NFT from $ 35 up to any amount we imagine.

Other blockchains like Tezos or Binance are much cheaper and we can create our NFT for 1-2 $ . This is because they use a more efficient validation system called PoS (Proof of Stake). However, we will do so at the expense of reaching more collectors and massive integration with Dapps .

See also  How to Deposit and Withdraw your Money in Metamask?

3. Crear Wallet: Metamask, Temple Wallet, etc

Depending on the blockchain that we want to use, we will create a wallet using one application or another. A wallet is something like a bank account or safe within the blockchain in which we can have digital assets such as NFTs and cryptocurrencies . Each wallet has its unique address, like bank accounts.

For Ethereum , the most used wallet is the browser Metamask extension , although we can also configure it to be used with Binance or Polygon .

On the other hand, if we want to use the blockchain Tezos , we have wallets and browser extensions such as Kukai or Temple Wallet .

4. Deposit Cryptocurrencies in the wallet

Once the wallet is created, the process to deposit cryptocurrencies is the same for everyone, no matter what blockchain it is on: we create an account in an exchange such as Binance, Kraken or Coinbase and make a transfer of those cryptocurrencies to the address of our wallet .

What we do have to take into account is that the cryptocurrency that we are sending corresponds to the blockchain from which that cryptocurrency is. So, for example, if we send BTC to an Ethereum wallet, we will lose it forever because that wallet does not exist. To understand it, it would be like using a Spanish account number using the IBAN (ES, AD, etc) of a foreign account.

In this post we tell you everything you need to know about Depositing and Withdrawing Cryptocurrencies in your wallet cryptocurrency : from ATMs to exchanges.

5. Buy and sell NFTs

Once we have cryptocurrencies in our wallet, we can buy or create NFTs. This will depend on whether we are creators (sellers) or collectors (buyers).

If you are a creator

If we are creators, we will have to choose the marketplace in which we want to launch our first NFT. will depend on our journey The access we have to different marketplaces , since many of them have a curation filter, that is, there is a barrier to entry. The best marketplaces to start with are Opensea and Rarible , since the entry barrier is zero or very easy to pass. You have a fairly complete list of crypto art marketplaces that exist here .

Also, if you want to mintear an NFT for free, although it is not recommended, you always have the option of Mintable .

On the other hand, if we want a marketplace with a large community and on the Tezos blockchain , Hicetnunc , without a doubt, is one of the most recommended.

See also  NFTs: Everything you need to know

If you are a collector

If what we want is to buy some NFT, you have a wide variety of marketplaces to choose from. On Ethereum , you can see this Complete Guide to NFTs Marketplaces . The largest marketplace, without a doubt, is Opensea. You can also get NFTs on specific collection pages , where they will have programmed it in such a way that you only need to use Metamask for it.

You also have the option of collecting on the marketplaces of other blockchains such as Hicetnunc (Tezos) or Binance NFT (Binance).

Cybersecurity and scams

Something to keep in mind in the NFT world is not to lower your guard and try not to fall for scams . There are many around the world and there are many projects that are not reliable.

The first thing to take into account is your own cybersecurity when browsing the internet with your wallet, therefore, we took out this Security Guide for your Wallet and organized a page of Cybersecurity Resources with Limbo Mask and Div Security .

On the other hand, it is convenient to know what the are like most typical scams , something you can read in this post in which we explain the 15 Most Common Scams in the NFT World . Finally, something that can help you when choosing NFTs projects to buy is this guide in which we tell you What is a PFP Project and How to Avoid Scams .

Extra: Things to keep in mind

Do not mine the same NFT twice : this is something that we are asked a lot and no, it should not be done. Both mining 2 different NFTs with the same work and doing it on different blockchains is something you should never do, since you would be multiplying the offer and people will no longer trust you.

Do not use copyrighted art for the NFT : in the end an NFT is comparable to making a print, for example. If you do it with art or elements that have copyright, apart from being illegal, you would be leaving proof on the blockchain forever of illegality.

Create Twitter and Discord account : everything that happens in the NFT world happens on both Twitter and Discord. So creating an account is not only recommended but necessary.

Leave a Reply

Your email address will not be published.