An NFT is a token built and managed on a blockchain (most frequently on Ethereum (CRYPTO: ETH)) that represents ownership of an asset. So, most NFTs require payment in Ethereum or the other crypto blockchain where they’re built.
Here’s a step-by-step guide to making an NFT purchase.
1. Purchase Ethereum or Polygon on a crypto exchange.
2. Transfer your crypto to a crypto wallet. Think of it as a digital checking account that stores and transfers your cryptocurrency. Some exchanges like Coinbase have built-in wallet features that are offered when you open an account, but other options include dedicated wallets like MetaMask.
3. Connect your wallet to an NFT marketplace. Once connected, you can start browsing the marketplace’s NFT collection and make a purchase.
