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Non-Fungible Token (NFT)A unique digital asset running on blockchain technology is one of the easiest ways to benefit from the web3 economy. Over the past three years, the price of the popular NFT collection has risen rapidly. So, whether you want to make quick money or own your own digital assets, NFTs provide the means.
ethereum is NFT’s most popular stop and hosts some of its most popular projects. Blockchain enjoys this status because it was the first to support decentralized apps and his NFTs.
However, getting NFTs on Ethereum can be quite expensive due to volatile gas fees like transaction fees paid to buy NFTs. In some cases, these gas bills cost more than his NFT itself.
However, since Ethereum’s inception, several other blockchains have emerged offering faster and cheaper transactions.
Tezos It is one of the popular blockchain alternatives to Ethereum and a top destination as well for those looking to buy NFTs and avoid Ethereum’s volatile gas prices. Low gas prices mean that a buyer can get his NFT for as little as $10, and the nominal gas price he has is $0.02.
The first thing we need to do is create a wallet. A wallet is where you store your NFTs and crypto. There are several types of wallets you can create, but web-enhanced wallets like Temple are easy to create and use.
Temple is one of the popular wallets for storing and trading NFTs and cryptocurrencies on Tezos.Temple can be installed by visiting www.templewallet.com in Google Chrome or Mozilla Firefox. After installation, you will be presented with a web page asking you to import or create a new wallet. If you haven’t created an account yet,[]Click.
Please note that Temple is a web extension and can only be used in your browser. Also, the generated seed phrase should be stored in a secure location to prevent unauthorized actors from hacking the wallet. For information on how to protect your seed phrases, see The Ultimate Guide to Seed Phrase Safety.
Like most other blockchains, Tezos has its own currency, $XTZ, which it uses for transactions on the blockchain. $XTZ is lesser known but still available on cryptocurrency exchanges. Centralized exchanges such as Coinbase and Binance are an easy way to buy $XTZ.
A marketplace on the blockchain is where NFTs are offered for sale and traded. Objkt, Teia, Kalamint, and Oneof are popular marketplaces in Tezos. While not many popular NFT collections, these markets have small to large collections that could be worth your cash.
To be able to buy or mint NFTs, you need to connect your Temple wallet to the marketplace.
Once you have successfully connected your wallet to the marketplace, purchasing NFTs on the marketplace will be easier. NFTs are listed at their Tezos price. Once you have identified what you need, go back to the cryptocurrency exchange you linked your wallet to, buy enough $XTZ to cover the NFT price, and transfer it to your wallet.
Once the NFT payment is complete, it will appear in your wallet.You can also check your transaction history Tezos Explorer.
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
A blockchain maximalist who believes the future we are heading for requires technology. An avid researcher and writer who uses his writings to inform the prospects of his space in blockchain.
