WHAT ARE NFT's
NFT's are Non-fungible tokens(NFT's) that are unique identifiers that use blockchain technology to assign and prove ownership of a digital good.s NFT's are stored in digital asset wallets, like Coinbase Wallet or MetaMask.
WHAT IS A WALLET
A wallet allows you to purchase and store your acquired NFT's. Collectors must use a digital asset wallet, like Coinbase or MetaMask. Each Ethereum wallet has an Ethereum address, which is a unique public identifier that points to the wallet.
WHAT DOES IT MEAN TO MINT AN NFT
Minting an NFT from a collection is the earliest possible opportunity to own an NFT from a respective collection. Those who mint are the first to own the NFT. After an NFT is minted, it can be transferred or sold like any other NFT.
WHAT ARE GAS FEE's
“Gas fees” are the transaction fees that users pay validators on the blockchain to have their transactions processed (i.e. included in the block). On the Ethereum blockchain, gas fees are paid using ETH cryptocurrency. The amount of gas you'll need to pay to have your transaction processed will depend on the amount of people that are trying to process transactions on the network at the same time.
There are websites where you can track gas prices, such as: https://etherscan.io/gastracker.
HOW TO PURCHASE ETHEREUM
You can purchase ETH using your native currency on an exchange platform, like Coinbase and Gemini. Once you have ETH, you will need to transfer it from the exchange (e.g. Coinbase , Gemini ) to your digital asset wallet (e.g. Coinbase Wallet , MetaMask) where you will be able to use it to transact by connecting your wallet to market places, like OpenSea.
WHAT HAPPENS AFTER I MINT AN NFT
After purchasing an NFT, the digital item is transferred to the digital asset wallet that you connected to for the transaction. Once it’s in your wallet, it will remain there until you transfer it to another wallet. If you purchased an
NFT on a marketplace platform OpenSea, Rarible, etc your NFT will be in the account your digital wallet is connected to. You will be able to transfer your NFT from that account to your wallet According to that platforms
terms & conditions.
WHAT IS A PRIVATE "KEY OR PHRASE"
A seed phrase is a series of words generated by your cryptocurrency wallet that gives you access to the crypto or NFTs held within that wallet. Think of a wallet as being similar to a password manager for crypto, and the seed phrase as being like the master password.
As long as you have your seed phrase, you’ll have access to all of the digital assets held within the wallet that generated the phrase — even if you delete or lose the wallet.
Never share your seed phrase with anyone.
We will never ask you for your seed phrase.