It is currently NFT o'clock

It is currently NFT o'clock

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Today is December 9th, 2023

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I avoided NFTs for a long time as it all seemed so complex and weird. Don't get me wrong it's still complex and weird but now it's gotten to the point where a lot of really smart people have made it much easier. To get started, all you need to do is learn a bit of the lingo.

What's an NFT?

NFT stands for non-fungible token but I like to think it stands for neat funny thing. Because that's kinda what it is. A little doodad for you to love and collect. There is really complex code running the whole thing but basically it boils down to that who owns the NFT is something that can't be faked.

What's a Wallet?

A wallet is a way to keep track of your Ethereum (the currency you need to purchase NFTs) and your NFTs. I use the widely popular MetaMask wallet as it's super easy to use. This is a pretty complex topic but unless you plan on owning millions of dollars of NFTs you can gloss over the details and just sign up for MetaMask.

What's Gas?

Gas is kinda a strange concept. Basically it's the amount of computer power required to add information to the blockchain (think of it like a really long list of everything that happens). The blockchain is maintained by miners and these miners aren't doing this for fun. They are maintaining it because they are getting tiny bits of Ethereum in exchange for their efforts. As the demand for their services increases so does the price.