Block Chain Technology and Investments Buzz for Beginners

Cryptocurrency, Crypto Wallets, Minting and Gas fee Knowledge is required.

👉1. What are NFT's?

👉2. Buying Ethereum on Coinbase

Minting and listing in NFT's marketplace requires an upfront setup fee.  The NFT's are created and traded in the Ethereum network.  Create a Coinbase account and buy ETH.

👉3. Setup your wallet

The wallets allow you to interact with different platforms to buy and sell, something similar to paypal.  Install MetaMask chrome extension and create Wallet.  When you create a password make sure the "seed phrase" is important and keep it safe.  If you lose the seed phrase, there is no password reset.

👉4.  Transfer Money to wallet

Connect a Coinbase account to your Wallet to spend your cryptocurrency.  Your wallet creates a unique address (Account code).  In Coinbase use send/receive money to your account.

👉5.  Find the NFT's marketplace and connect your wallet

Marketplace is an online platform to list and sell your art/photo gallery. Create an account in OpenSea or Rarible.  MarketPlace charges a fee to place your NFT's in BlockChain(Ethereum Blockchain) and also provides the options to sell.  Connect your MetaMask Wallet. 

👉6.  Mint and Pay first gas Fee

After setting up Coinbase, Wallet, OpenSea account, now minting is when you create NFT

that lives in blockchain which is immutable.  While minting you have to select your art/photograph, title and description.  Make sure your information is correct.  A gas fee is a payment that covers the computing power needed to process the NFT in blockchain.  

👉7. "List" and pay Second Gas Fee

After minting the art/photograph, list it for sale/auction.

🅲Conclusion:

The information in this article helps to understand different steps involved in minting NFT and gives beginners knowledge.  Please research before you create NFT's..

Happy Minting NFT's!!