🧭 Today's practical tips: Non-fungible tokens (NFTs)
Many NFTs store only a tokenId and a metadata link on-chain, while the artwork files are often hosted on IPFS or the project team's servers.
Before collecting an NFT, verify the collection's contract address. Many collections have the same name, so don't rely on the name and images alone.
Markets are always uncertain, so think ahead about what you'll do if you're wrong.
Transferring and trading NFTs on Ethereum requires $ETH to pay gas.
In volatile markets, manage your risk first.
Many NFTs store only a tokenId and a metadata link on-chain, while the artwork files are often hosted on IPFS or the project team's servers.
Before collecting an NFT, verify the collection's contract address. Many collections have the same name, so don't rely on the name and images alone.
Markets are always uncertain, so think ahead about what you'll do if you're wrong.
Transferring and trading NFTs on Ethereum requires $ETH to pay gas.
In volatile markets, manage your risk first.