Observations on buying on an NFT on the Ethereum Blockchain

NFTs have recently piqued my curiosity. If you don’t know what an NFT is, it’s a Non-Fungible Token.

Clear as mud right?

NFTs provide provenance of digital content: art, videos, memes, etc. In the simplest terms, it’s a record of ownership of a digital work. There are many articles on the subject these days, so I’ll defer you to them if you want detailed information.

Anyway, to get exposure to the NFT market I decided to buy an NFT. It didn’t matter what it was, I just wanted to experience the process. More importantly, I wanted to see what it was like from a consumer perspective.

The Metamask Wallet

In order to buy, sell or trade in the digital ecosystem, you have to have a place to put your “money”. Much akin to fiat currency like the US Dollar, you have to have a place for your cash/currency/money to live when it’s a rest. The same thing applies in the cryptocurrency world. The only difference is that your crypto-wallet, much like your cryptocurrency exists as excited electrons running a gauntlet.

It’s electronic.

Knowing I needed an up to date crypto wallet, I decided to use the MetaMask Ethereum Wallet for this adventure. It’s a browser add-on that creates an Ethereum Wallet…