Non-fungible tokens (NFTs) are unique digital assets registered on a blockchain. It records ownership of assets such as artworks or collectibles.

What are NFT marketplaces?

NFT marketplaces are where you go to buy NFTs. They are similar to traditional auction houses. Some of the most popular NFT marketplaces are OpenSea, Rarible, and SuperRare.

How can I buy an NFT?

You can buy an NFT using one of the top NFT marketplaces such as OpenSea, Rarible, SuperRare, and others. You will need an Ethereum crypto wallet to connect to those platforms and buy the NFT.

How do I buy NFT art?

You could buy NFT art from art houses that organize NFT auctions. Similar to the traditional art auctions. Two of the big art houses dealing in digital art are Christie's and Sotheby's. There are also a growing number of online art NFT marketplaces, such as SuperRare, OpenSea, Nifty Gateway, Async Art, etc.

What is an ERC-721 token?

ERC-721 is a technical standard for non-fungible tokens (NFTs) on the Ethereum blockchain. To create an ERC-721 token, a developer must write smart contracts that specify the rules and characteristics of the token, including its name, symbol, and other metadata.

What is the difference between an ERC-721 and ERC-1155 token?

One of the main differences between ERC-1155 and ERC-721 is that ERC-1155 allows for the creation of both fungible and non-fungible tokens within a single smart contract, while ERC-721 only allows for the creation of non-fungible tokens. Another key difference is that ERC-1155 allows for batch transfers of multiple tokens within a single transaction, while ERC-721 only allows for the transfer of a single token at a time.