1/ How (and why) to buy your first NFT—even if you’re skeptical. 🧵
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.
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
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.
In Coinbase:
-Tap the exchange button
-Tap “Send”
-Select ETH and enter amount
-Paste your wallet address and send
Now comes the fun part: it’s time to go shopping.
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