Artwork available as digital NFTs hosted on OpenSea.
How to buy non-fungible tokens (NFTs)
An NFT is a token built and managed on a blockchain (most frequently on Ethereum(CRYPTO:ETH)) that represents ownership of an asset.
So, most NFTs require payment in Ethereum or the other crypto blockchain where they're built.
Here's a step-by-step guide to making an NFT purchase.
- Purchase Ethereum on a crypto exchange (such as Coinbase Global(NASDAQ:COIN)).
- Transfer your crypto to a crypto wallet. Think of it as a digital checking account that stores and transfers your cryptocurrency. Some exchanges like Coinbase have built-in wallet features that are offered when you open an account, but other options include dedicated wallets like MetaMask.
- Connect your wallet to an NFT marketplace. Once connected, you can start browsing the marketplace's NFT collection and make a purchase.