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What the funk is an NFT?

Beniisquiggles nft series logo

 

What the funk is an NFT?

NFT stands for non-fungible token – a digital token that's a type of cryptocurrency, much like Bitcoin or Ethereum. But unlike a standard coin in the Bitcoin blockchain, an NFT is unique and can't be exchanged like-for-like (hence, non-fungible).

These can be minted (created) on a variety of different block-chains and platforms. Ethereum currently being the most predominant.

Currently my NFT's exist on the platform opensea.io.



What do I need?

You will require a digital wallet if you would like to own and interact within much of the crypto realm.
I currently use a Metamask account. Located here.

 https://metamask.io/

metamask logo

You will also require ETH in your wallet.
I use a mix of centralised and decentralised markets for acquiring Ethererum. If you are new to this space, just for ease, become familiar with one of the bigger exchanges.

https://www.binance.com/en

https://ftx.com/

https://www.coinspot.com.au/




Newbie?

If you are completely new to the realm of crypto may I suggest starting HERE.
Collective Shift is mainly an Ozzie based platform designed to help you understand and navigate the world of Bitcoin and cryptocurrency.

collective shift logo 



Deeper dive please?

I have been following Matty for a couple of years. He is deep in the world of NFT's and worth absorbing his wisdom.