Claiming an NFT
What is an NFT?
NFTs or non-fungible tokens are digital assets in which each token is unique- unlike cryptocurrencies that are indistinguishable (bitcoin or a dollar bill) and worth the same amount. NFTs can come in the form of art, photos, videos, and music and can be used to authenticate public proof of ownership.
What is ETH and how do I purchase it?
ETH, short for Ethereum, is a type of cryptocurrency. It can be used to buy, sell and trade NFTs.
To buy ETH, you must download Coinbase (recommended) or your preferred crypto trading platform, set up an account, and link your bank account to pay. Once you have an account, you will go to "trade" and "Buy Ethereum with Cash"
What is a Metamask wallet and how do I set one up?
A Metamask wallet is a virtual currency wallet (hot wallet) used to hold cryptocurrencies and to facilitate buying, selling, and storage of NFTs. Learn how to set up a Metamask wallet here
How do I move ETH from Coinbase to Metamask?
Once you've purchased the ETH, you'll need to send it to Metamask to mint your NFT. To do so, you need to:
Copy your wallet address on Metamask.
From your Coinbase, go to "Assets" and click on "Ethereum".
Your Ethereum wallet should now be displayed with the amount you purchased. Click on "Ethereum".
If using the app, click on the arrow in the top right corner. On the browser, click "Send"
Input amount you would like to send and press continue
To enter recipient, paste your Metamask wallet address in the "To" box
Preview send information is correct and send
The transfer typically takes a few minutes to reach your Metamask wallet
Claiming an NFT
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Gas refers to the cost needed to complete a transaction on the Ethereum blockchain. Gas fees fluctuate based on the computational supply and demand at the time of processing a transaction on the network. Gas prices fluctuate and it is recommended that when Gas prices are high, wait until they drop to make a purchase. You can track Gas prices here: https://etherscan.io/gastracker
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A whitelist is a term often used in the NFT space for a wallet address that has been pre-approved to mint an NFT. Once on the list, you can mint the NFT when the Whitelist mint occurs.
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To mint an NFT, you must navigate to a minting website. Once you arrive on the site, you will connect your wallet, select how many NFTs you would like to mint, and select "mint". You will be prompted to "Sign", confirming that you would like to go through with the transaction. The "Sign" window will also show your Gas fees and total price for the transaction.
App Walkthrough
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STEP 1
It all begins with an idea. Maybe you want to launch a business.
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STEP2
It all begins with an idea. Maybe you want to launch a business.
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STEP 3
It all begins with an idea. Maybe you want to launch a business.
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STEP 4
It all begins with an idea. Maybe you want to launch a business.
