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What are NFTs?
Before knowing how to buy NFTs with credit cards or accept credit cards for NFTs, we need to learn about a complex concept: NFT. NFT is a non-fungible token now; before understanding what non-fungible means, let’s talk about fungible. Fungible is a replaceable item or replaceable by an identical item. If we think of our currency or, more specifically, the 10 rupee note, we can exchange it with an identical 10 rupee note by considering the number on the note. They are identical, and the value we exchange will also be identical.
However, non-fungible is the opposite of this theory. In this, the NFT we have is the collectible which can not be exchanged with an identical one as with fungible. This is because each one of them unique. On a technical basis, every token has a different token ID. If you see a collection of crypto punks, they also range from a number. So, in the same way, every NFT is different, and it can not be compared because they are independently unique.
How to buy or accept credit cards for NFTs?
If you cannot buy NFTs with a card or cannot accept credit cards for NFTs,here is what you need to know. For this purpose, you need ethereum, which you can et on coinbase. Make an account on that and buy some ethereum; then, you will need to set up a wallet to use the ethereum for NFTs. Go to meta master io and transfer your ethereum to metamask. Use that wallet to buy NTF, but you have to get in early for the big gains.
Other uses for NFTs
After buying the NFT, you also need to know what you could do with them. The use cases of NFTs are different, so, technically, all the NFTs usually follow the same standard, but you can always build different types of use cases, and they are following:
- One of the most popular uses is the profile picture NFTs like crypto punks board APIS club, and some of them can be thought of as collectibles.
- You can also you NFTs as tickets to events, online conferences, etc.
- NFT can also be used as an early access pass
- NFTs are also being used for the community of the date. A community like a metaverse HQ has all the people in the community dropping early on the new opportunities.
- NFTs are also being used as proof of attendance which is also app-based. In this, you can represent your attendance at a particular event.