To collect NFTs, you need to have a cryptocurrency wallet and an account on a platform that sells or auctions NFTs, such as OpenSea or Nifty Gateway.
When you buy an NFT, it is transferred to your cryptocurrency wallet, where it is stored as unique code stored on a blockchain. Each NFT has a unique identification number and metadata that describes the item it represents, such as an image, video, or audio file.
The NFT is stored on the blockchain, which is a decentralized digital ledger that tracks the ownership and transactions of the NFT. This ensures that the NFT is provably scarce and prevents anyone from duplicating it or altering its provenance.
To sell an NFT, you can list it on an NFT marketplace for others to purchase. The ownership of the NFT is transferred automatically through the blockchain to the buyer once payment is received.
Overall, collecting NFTs involves buying and selling digital assets that are unique, scarce, and verifiable on the blockchain.
