Let's talk about non-fungible tokens (NFTs).
The commonly used NFT standard on Ethereum is ERC-721, where each NFT is identified by a unique tokenId.
One thing that's easy to overlook: NFT prices are determined by transactions between buyers and sellers. Liquidity is often lower than that of fungible tokens, so you may not find a buyer when you want to sell.
Before placing an order on an NFT marketplace, carefully review what you're signing. Approving an entire collection in one go can allow the other party to transfer all the NFTs in that collection that you own.
Minting, buying, and selling NFTs on Ethereum all require $ETH to pay Gas. Currently 2266.61.
The commonly used NFT standard on Ethereum is ERC-721, where each NFT is identified by a unique tokenId.
One thing that's easy to overlook: NFT prices are determined by transactions between buyers and sellers. Liquidity is often lower than that of fungible tokens, so you may not find a buyer when you want to sell.
Before placing an order on an NFT marketplace, carefully review what you're signing. Approving an entire collection in one go can allow the other party to transfer all the NFTs in that collection that you own.
Minting, buying, and selling NFTs on Ethereum all require $ETH to pay Gas. Currently 2266.61.