1/ How (and why) to buy your first NFT—even if you’re skeptical. 🧵

2/ Buying NFTs is easier and less risky than it seems. I’ll walk you through with clarity.
3/ It’s OK to be skeptical. Look at it like this.

Potential downside: you “waste” a small amount of money
Potential upside: you make a life-changing amount of money

What’s guaranteed: NFT ownership, community access, and learning about this incredibly promising technology.
4/ Let’s go.

Most NFTs are bought and sold on the Ethereum network. That means you need to buy ETH.

The simplest way IMO is via the @coinbase app.

-Download and set up your account
-Tap the exchange button
-Select ETH
-Buy a small amount—this is a test run
5/ You can’t store NFTs on Coinbase. Time to install a digital wallet app that we can transfer your ETH to. I use @rainbowdotme.

During setup, you’ll get a “seed phrase.” This is an additional password for added security. Write it down, store it somewhere safe.

Never share it.
6/ In Rainbow, click “copy address.” This is like a bank account number. We’re going to bring it into Coinbase and make the transfer.

In Coinbase:

-Tap the exchange button
-Tap “Send”
-Select ETH and enter amount
-Paste your wallet address and send
7/ Wait patiently for funds to arrive in your Rainbow wallet. You’ll see a confirmation. Not so hard!

Now comes the fun part: it’s time to go shopping.
8/ We’re going to get an overview of the markets by viewing @opensea rankings at https://t.co/WErLhGkkIS

Key metrics to look for:

Volume—how much ETH is flowing in and out of the collection
24h% + 7d%—tell whether the project is accelerating or decelerating
9/ Browse until you find a project you like with a “floor price” you can afford.

The floor price is the minimum cost you will pay to buy your NFT. Also a key metric for the collection’s value.

More from All

1. Mini Thread on Conflicts of Interest involving the authors of the Nature Toilet Paper:
https://t.co/VUYbsKGncx
Kristian G. Andersen
Andrew Rambaut
Ian Lipkin
Edward C. Holmes
Robert F. Garry

2. Thanks to @newboxer007 for forwarding the link to the research by an Australian in Taiwan (not on

3. K.Andersen didn't mention "competing interests"
Only Garry listed Zalgen Labs, which we will look at later.
In acknowledgements, Michael Farzan, Wellcome Trust, NIH, ERC & ARC are mentioned.
Author affiliations listed as usual.
Note the 328 Citations!
https://t.co/nmOeohM89Q


4. Kristian Andersen (1)
Andersen worked with USAMRIID & Fort Detrick scientists on research, with Robert Garry, Jens Kuhn & Sina Bavari among


5. Kristian Andersen (2)
Works at Scripps Research Institute, which WAS in serious financial trouble, haemorrhaging 20 million $ a year.
But just when the first virus cases were emerging, they received great news.
They issued a press release dated November 27, 2019:

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