Making The Digital Art Stored in The Blockchain Accessible
Complete Guide to Start Trading Solana NFT’s
Complete Guide to Start Trading Solana NFT’s
Blockchain is a decentralized digital ledger that records unalterable transactions, and on this platform exists the Non Fungible Tokens (NFTs) which are irreplaceable cryptographic tokens, each one of them is unique, they can represent art or real estate.
Trading of these NFTs on platforms such as MagicEden and OpenSea has been following an upward trend since 2020, some of the most popular artworks such as the Bored Ape Yacht Club (BAYC) were seen to be sold for millions of dollars.
The involvement of the biggest names in this field made headlines, and acquiring NFTs worth millions of dollars soon became a trend with:
Neymar Jr buying the BAYC#5269 for an amount of $569,531
Tom Brady buying the BAYC#3667
Snoop Dogg buying Xcopy’s work.
The list goes on, you’ll now learn how you can join in on the action and make amazing trades:
Get a decentralized wallet that supports the specific cryptocurrency asset, Phantom and MetaMask are the most popular ones for solana NFTs.
Buy some Solana that will act as capital in the NFT marketplace, you can buy it from Binance or CoinDesk
Use your decentralized wallet address to send the cryptocurrency from the crypto exchange platform to your wallet.
Link your decentralized wallet with trusted marketplace and create an account.
Visit the marketplace such as MagicEden and browse through thousands of projects, once you proceed to buy an asset, the crypto from your wallet will be deducted and you will be able to see your NFT in your wallet.
You can then choose to list your NFT on any marketplace, once any user buys your asset, your wallet will get the amount of Solana and your NFT will be transferred from your wallet to the buyer’s.
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