simple guide of NFT's part 1

simple guide of NFT's part 1

By Crackers | Crackers83 | 13 Mar 2021


So lets start at the basics an NFT is a Non-fungible token coloured coins are the first NFT which is back in 2012

wiki description

So NFT are based on the wax network where 1 wax is worth $0.28 USD

Todays value

So if your planning to hold your NFT cards on wax there first thing you will is a wax wallet which you can get one here

https://all-access.wax.io/

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Here is what the main page looks so many options to chose when logging in . So we have got this hope this is helping next step when you log in you are meat with this screen

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So here is your main menu if you look at the top left and right I have arrows pointing to different menus so lets start with the right side

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So here is where you can get your wax address to send and receive your NFT cards your wax address is normally under the wax sign I really should of blocked mine but I wanted to show it so you know what one looks like .

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Here is your left side menu this where you can see your wax balance your collection Dapps and you can collect staking rewards for staking wax . Also wax news and ETH bridge to be honest I haven't used that yet so one think I haven't brought up yet your wax wallet runs on Ram so each NFT card takes up so every time you get given NFT be it by buying it or be given it by a friend which at this point I have to thank @bm8ter who got me into NFT's in the first place

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So to buy ram is a bit confusing but il try explain and show in pictures so if you need ram and have no wax easy way to get wax is to burn a NFT which is easily done

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So go into your NFT and you should see the value of it in the top left hand corner but if click on more at the bottom left you will get an option to burn it

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So when you click on burn it will come up with this screen basicly saying if you burn this card its gone for good . So once it is burnt you know have to 2 wax to buy RAM so lets go buy some RAM

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So click onto Dapps which is in the left hand menu under Dapps or its on your main screen as well click on that and you should bring up this screen

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Log in with with your wax account log in then your account should appear in the middle of the screen like below

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Once you have done that then hit the wallet button then hit the menu button

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From there then hit buy/sell ram

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So here the 2 wax you earned from burning the NFT you will use to buy your Ram now with that Ram you should now have alot more space to hold enough NFT for a while .

I really hope this helps in understanding NFT and wax wallet tomorrow I am going to do a follow on where and how to buy and sell NFT's

If you enjoyed this please give a follow or even an upvote

If you need more details about NFT games these guys on publish0x are brilliant 

https://www.publish0x.com/@Cherokee4Life

https://www.publish0x.com/@TheSnarf

yhttps://www.publish0x.com/@Schnapskasper

I posted this first on read.cash 

   

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Crackers83
Crackers83

I quite new to this always looking to earn free crypto coins and will always blog about it please follow if your intrested or comment on what i write

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