If you’re new to crypto, wallets and NFTs, welcome to the new world of online ownership! Here are a few basic ideas regarding this topic, and how to use this technology.
These technologies are based on blockchain. A blockchain is a type of online data storage and computer system that stores data in a very secure manner. A blockchain stores and works with data in a number of computers that are connected to the internet. The best blockchains are those that use many computers, at many locations, so no central computer can be used to make false transactions. This means that the data stored on blockchains is very reliable.
Crypto and NFTs are online assets, stored on blockchains. Crypto can be thought of as digital money or digital gold, or as a unit that represents something valuable. Every unit of crypto has the same value as every other unit of the same type of crypto, similar to the way that each dollar has the same value as any other dollar. There can be some small differences between crypto units, as well as dollar units (such as when these units were made, their transaction history, etc.), but this topic is at a more advanced level, and generally, all dollars have the same value, all Bitcoin units have the same value, etc. NFTs are similar to crypto, but NFTs are designed to have unique qualities, much like individual paintings.
An NFT can be used as a means of online ownership of a unique item. For example, an NFT can represent an online image that you own, a piece of music that you bought online, or an object used in a computer game, or a ticket to a concert that you can show on your phone as proof of admission.
An online wallet is like a physical wallet, purse, etc., because it can be used to store valuable items, but an online wallet does not have such items stored inside it. Such items are stored on a blockchain, and an online wallet is used to keep or transfer ownership of these online assets, by controlling them on the blockchain. For example, if you have a bitcoin, this bitcoin is stored on the blockchain. Your wallet is connected with the blockchain, and using your wallet, you can keep or transfer your bitcoin. The blockchain has a record of bitcoin ownership and transactions. Each wallet has a unique wallet address. A wallet address identifies a unique wallet, similar to the way that an email address is used to identify a unique place on internet that can send and receive messages.
If you have received an NFT in an email, for example from FriendInvite.net or TokenZone.tech, these web services provide you with a free online wallet address, whenever an email is sent to a particular email address. This online wallet address can be connected with a crypto wallet that you can use for your new NFT, as well as other digital assets. It is recommended that you make a copy of this wallet address. For continued access to your NFT, you can log into TokenZone.tech, etc., using your email address. You can also view your NFT by copying your wallet address, and pasting it into the search feature at OpenSea.io.
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