NFT, this seemingly mysterious and curious word, has become a dazzling "new star" in the financial world in recent years. You may have heard in the news that someone bought a virtual picture at a sky-high price, or heard friends discussing how to get their first NFT. But for many people, NFT is like a "treasure map" in the digital world. The wealth in the picture is exciting, but it seems difficult to understand. So, today we will unravel the mystery of NFT and help you find the "key" to this new world of wealth.
What exactly is NFT? Simply put, NFT is like a unique "digital treasure". It is a digital asset based on blockchain technology that is used to prove the sole ownership of an item. You can think of NFT as a "rare collectable card" in the virtual world. Each card has its unique number and cannot be copied or replaced. Unlike ordinary pictures and videos, NFT can provide exclusive "certification" for its owner, just like you own a signed version of a rare basketball card, while others can only get the ordinary mass-produced version. Whether you hold a piece of virtual art, a unique prop in a game, or a video, NFT can prove that "you are the only owner."
Now, you may have been attracted by the uniqueness of NFT, but how to start this "treasure hunt"? Here are a few steps to help you gradually enter this new world.
1. Prepare a digital wallet-buy equipment for your "treasure map"
First, just as explorers need to prepare maps and tools before setting off, you need to prepare a digital wallet for yourself. This is an essential tool for you to enter the NFT world. It will help you store the cryptocurrency used to buy NFTs. The most commonly used cryptocurrency is Ethereum, which is like a "universal gold coin" in the NFT world. With this "wallet", you can swim in the NFT market. Common digital wallets include MetaMask, Trust Wallet, etc., which are not complicated to set up. Remember, this wallet is like your "backpack" in the game. You must keep your private key, just like keeping your house keys, otherwise your "treasure" may be stolen.
2. Choose an NFT market your own "treasure place"
With a digital wallet, it's time to embark on a "treasure hunt" journey. In the world of NFT, there are many markets where you can choose your favourite "digital treasures". The most popular NFT trading platforms include OpenSea, Rarible, SuperRare, etc. They are like various "treasure places", and each market has different characteristics and collections.
On these platforms, you can browse a variety of NFTs, from virtual artworks, music albums, and game props to signed video clips of sports stars, as if you have walked into a digital museum. Moreover, these platforms are like a huge trading market, where you can freely choose your favourite NFTs, and even participate in auctions to compete with other players for your favourite "treasures".
3. Buy NFTs - Complete your "treasure hunt"
Once you find your favourite NFT, you can buy it with cryptocurrency. Just like you pay with a bank card in real life, you will pay with Ethereum in NFT transactions. The entire transaction process is transparent and recorded on the blockchain, so every transaction is traceable, like leaving your exclusive mark on a treasure map.
Every time you see it, you will feel that unique "collector's sense of accomplishment", as if you have obtained a precious treasure.
After understanding this, don't rush to start your NFT exploration journey. You must know that like other financial investments, NFT transactions are also risky. Just as there may be hidden traps on the treasure map during the "treasure hunt", we also need to act cautiously and avoid blind investment. The value of NFT is like a "mountain" that fluctuates violently, sometimes reaching the peak and sometimes falling to the bottom. Because the market for NFTs is relatively new. You may pay a high price for an NFT today, and lose most of its value tomorrow. Therefore, don’t think of it as a way to get rich overnight, but have a long-term vision.
In this digital world, counterfeiting and piracy also exist. Some scammers will release fake NFTs to try to deceive newcomers who don’t understand the market. To avoid falling into the trap of "fake treasures", you must choose to buy on a regular platform and confirm whether the identity of the creator selling the NFT is authenticated. Just like buying antiques in the real world requires the help of identification experts, buying NFTs also requires you to keep your eyes open.