What is a NFT
A non-fungible token is a special type of cryptographic token that represents something unique. Non-fungible tokens are therefore not identically exchangeable. This is in contrast to cryptocurrencies such as bitcoin, and many network or utility tokens that are fungible in nature. The four main characteristics of NFTs is that they are unique , indivisible, transferable and with the ability to demonstrate their scarcity.
How NFTs work
NFTs exist on a blockchain, which is a distributed public ledger that records transactions. You’re probably most familiar with blockchain as the underlying process that makes cryptocurrencies possible.
Specifically, NFTs are typically held on the Ethereum blockchain, although other blockchains support them as well like Polygon.
An NFT is created, or “minted” from digital objects that represent both tangible and intangible items, including:
- Art
- GIFs
- Videos and sports highlights
- Collectibles
- Virtual avatars and video game skins
- Designer sneakers
- Music
Even tweets count. Twitter co-founder Jack Dorsey sold his first ever tweet as an NFT for more than $2.9 million.
Essentially, NFTs are like physical collector’s items, only digital. So instead of getting an actual oil painting to hang on the wall, the buyer gets a digital file instead.
How to buy
First you will need a wallet to store your NFTs and cryptocurrencies.
For being able to buy an NFT you will need to use Metamask once you’ve installed metamask and finished the setup you will have something like this:
Now we will need to add the polygon network, which is the network where all the NFTs from the Easter Eggs 2022 collection are stored. So you need to press the little circle in the upper right corner, then find the settings button and press it, now you need to press the button Network and then the button Add Network. Add the following information, buy some MATIC and you are ready for buying an Egg from the collection and help an Ukrainian Children.
