Don't laugh at me—I only remembered this after learning the hard way, too.
Today's topic: non-fungible tokens (NFTs)
NFT stands for Non-Fungible Token. Each token has a unique ID, so they can't be exchanged directly with one another.
Before listing an NFT on a marketplace, check what you're signing. “Approve all” lets the other party transfer all the NFTs in that collection that you own.
Minting, buying, and selling NFTs on Ethereum requires $ETH to pay Gas. Currently 2365.6.
#ETH
This article is for informational purposes only and does not constitute investment advice.
Today's topic: non-fungible tokens (NFTs)
NFT stands for Non-Fungible Token. Each token has a unique ID, so they can't be exchanged directly with one another.
Before listing an NFT on a marketplace, check what you're signing. “Approve all” lets the other party transfer all the NFTs in that collection that you own.
Minting, buying, and selling NFTs on Ethereum requires $ETH to pay Gas. Currently 2365.6.
#ETH
This article is for informational purposes only and does not constitute investment advice.