6-Step NFT Flipping Basics

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6-Step NFT Flipping Basics (Step By Step)
1. Get A Crypto Wallet
To flip NFTs you must first buy them. This starts with getting a crypto senegal buy cell phone number list of some type. There are marketplaces that completely circumvent the need for a crypto wallet when purchasing NFTs as well, but it’s not the norm. One of the most popular ones is MetaMask.

Each NFT project is typically associated with a blockchain. For example NBA TopShots and FanFare.FM use the FLOW blockchain. It uses the Blocto wallet which is very easy to use and connects directly to a credit card. Other NFT projects such as CryptoPunks are on different blockchains that use different cryptocurrencies, such as Ethereum (ETH).

At this point in time, NFTs are minted (in NFT lingo mint and create are synonymous) on one blockchain and stay on it for the entire duration of their existence. A music NFT that is created, bought, and sold from FanFare.FM will remain on the FLOW blockchain and an Ethereum-based NFT purchased from OpenSea will forever stay on the ETH blockchain. Work is being done to bridge NFTs from one blockchain to another but it’s not a mainstream, common or standard option at this time.