Purchase the NFT and hold it in your Ethereum Wallet (ETH).
A paper or a digital copy of the contract can be requested by the new owner. In such cases the owner must provide his/her First and Last Name, and a copy of government issued ID to our email address firstname.lastname@example.org.
NFT stands for Non-Fungible Token, a unique digital asset on a blockchain, representing ownership or proof of authenticity of a specific item, such as artwork, music, video or other collectible items, that cannot be exchanged for an equal item.
NFTs are considered safe because they are stored on a decentralized blockchain network, making them secure and tamper-proof. The ownership and authenticity of an NFT can be verified and tracked transparently on the blockchain, providing protection against counterfeits and fraud. Additionally, the blockchain's cryptographic technology provides a high level of security, making it difficult for hackers to access or manipulate the data stored on it.
People buy NFTs as a form of digital ownership and collectibility. NFTs are unique, one-of-a-kind digital assets verified on a blockchain, making them secure, tamper-proof and rare. This scarcity and uniqueness give them value and allow them to be traded or sold as collectibles. NFTs can represent a wide range of digital content, such as art, music, videos, games, and even profit from company activities. For collectors, owning an NFT is a way to showcase their passion and demonstrate their investment in a particular creator or a community. Additionally, owning an NFT can also offer access to exclusive experiences, merchandise and other benefits.
People buy NFTs with company profit share as a form of participation in business. These NFTs typically represent a share of ownership in a company and give the holder a portion of the profits generated by the company. This can provide a source of passive income and a potential appreciation in value if the company is successful. Owning an NFT with company profit share can offer more transparency and accessibility compared to traditional stocks and investments.
A utility NFT is a non-fungible token with a specific function or use case within a decentralized platform or ecosystem. Unlike collectible NFTs, which are valued for their uniqueness and rarity, utility NFTs are valued for their ability to perform a specific task or provide access to a particular service or resource. Examples of utility NFTs include tokens granting access to virtual real estate, gaming items, memberships, event tickets or company shares. Utility NFTs leverage the security and scarcity of blockchain technology to provide new and innovative ways to exchange value and access digital assets.
NFTs are stored on blockchain networks, and as a result, they can be stored in various digital wallets that support the specific blockchain the NFT is built on. The most common blockchain for NFTs is Ethereum, and as a result, many people store their NFTs in Ethereum-compatible wallets. Some popular wallet options include:
The safety of NFTs depends on the security of the wallet they are stored in. To prevent loss or theft, it is recommended to use a secure and reputable wallet, store private keys and seed phrases securely and follow best practices for managing digital assets.
There are several platforms where to buy/sell NFTs:
It's essential to research and familiarize with each platform's fees, features and community before choosing a platform. Additionally, make sure to read the terms of service and understand the platform's policies regarding NFT purchase/sale and any applicable taxes or fees that may apply to your transaction.