Let’s talk about non-fungible tokens (NFTs).
At the end of 2017, CryptoKitties caused severe congestion on Ethereum for a time and was one of the best-known early NFT projects.
Honestly, this is something I hadn’t paid attention to before either: check a collection’s contract address before buying an NFT. There are plenty of counterfeit collections, so don’t go by the name and images alone.
NFT transfers and trades on Ethereum require $ETH to pay Gas. Currently, 1940.55.
Understanding how it works can help you avoid some pitfalls, but it can’t replace risk management.
At the end of 2017, CryptoKitties caused severe congestion on Ethereum for a time and was one of the best-known early NFT projects.
Honestly, this is something I hadn’t paid attention to before either: check a collection’s contract address before buying an NFT. There are plenty of counterfeit collections, so don’t go by the name and images alone.
NFT transfers and trades on Ethereum require $ETH to pay Gas. Currently, 1940.55.
Understanding how it works can help you avoid some pitfalls, but it can’t replace risk management.
