🔥 Crypto basics: essential facts about non-fungible tokens (NFTs)
NFT prices are determined by buyers and sellers agreeing on a sale. NFTs are often less liquid than fungible tokens, so when you want to sell, you may not be able to find a buyer.
Before listing an NFT on a marketplace, pay attention to what you’re signing. “Approve all” allows the other party to access all the NFTs in that collection that you own.
Transferring or buying and selling NFTs on Ethereum requires $ETH to pay Gas fees.
If you found this useful, save it to read again later.
#ETH
NFT prices are determined by buyers and sellers agreeing on a sale. NFTs are often less liquid than fungible tokens, so when you want to sell, you may not be able to find a buyer.
Before listing an NFT on a marketplace, pay attention to what you’re signing. “Approve all” allows the other party to access all the NFTs in that collection that you own.
Transferring or buying and selling NFTs on Ethereum requires $ETH to pay Gas fees.
If you found this useful, save it to read again later.
#ETH