Know yourself, know the world.
During this period, NFT has been continuously popular. A Cryptopunk #7804 avatar NFT sold for 4,200 Ethereum, which is equivalent to over 13 million US dollars, or about 85 million Chinese yuan.
The Cryptopunk NFT sold for 13 million US dollars
There are different opinions on the value of NFT. Some people say it's just hype and has no real use; others say it's a symbol of identity. For example, this Cryptopunk NFT is limited to 10,000 copies worldwide. Those who are lucky enough to own one have a unique identity and their own unique ID in social interactions.
Many people see it as an investment opportunity. Some friends have invested in Bored Ape, which has gone from 0.05 Ethereum to several dozen Ethereum, resulting in substantial returns on their NFT investments.
Bored Ape NFT
So how can an ordinary person buy an NFT artwork?
- Log in to a digital wallet
Open the opensea official website using Google Chrome. If the page is in English and difficult to read, you can switch to the Chinese version.
Opensea official website
Use Google Chrome to directly install the MetaMask extension, and you can log in to the official website using the MetaMask wallet. Remember to transfer some Ethereum tokens to the MetaMask wallet. You can transfer them directly from various exchanges using the ERC20 channel.
MetaMask extension
2. Choose an NFT artwork
Choose an NFT artwork that you are interested in, like, or believe has potential. In the "Marketplace - All NFTs" section, you can see all the NFT artworks available on the platform. You can also use the sidebar navigation to browse and view different combinations of NFT artworks.
View all NFT artworks on the platform
View platform NFT artworks by category
Currently, NFTs are very popular, and the quality of the artworks varies. Many are driven by hype, and anyone can create and upload NFTs.
Some investment institutions specialize in speculating on NFTs. They buy a large number of NFTs from a particular series and then sell them at a high price when the market heats up. It becomes difficult for the next buyer to sell them.
If you can buy an NFT that hasn't gained much attention yet but has the potential for significant appreciation in the future, that would be great.
- Purchase an NFT artwork.
Once you have found the NFT artwork you like, you can place an order. Make sure you have enough balance in your MetaMask wallet and proceed with the purchase. Some NFT artworks require reservations or bids. This means that the seller has not set a price, and they will only sell if a buyer offers a suitable price.
After the purchase, you can see your NFT artwork in your MetaMask wallet.
Some NFTs are available for immediate purchase
Some NFTs require bidding
Currently, NFTs are very popular, and some are just marketing ploys with little value. They may seem lively but are filled with bubbles. If you bought them at a low price in the early stages or received them through airdrops, it might be worth holding onto them. However, if you want to buy some NFTs at a high price, you should consider whether you will be able to sell them later and if there will be buyers.
Of course, if you really love a particular NFT artwork and want to keep it as a collectible, that's a different story.
NFTs in the blockchain game "The Sandbox"
Nowadays, the concept of the metaverse is gaining popularity, and NFT artworks such as virtual assets, competitive equipment, and hatched pets in blockchain games can also be sold directly on the trading market.
If you are interested in blockchain games, you can also acquire NFTs through the games and eventually sell them at a suitable price in the NFT market.