Created on a smart contract platform, Ethereum, NFTs are however quite different from other crypto-currencies. Cryptokitties, Sorare or Sandbox are digital asset projects based on the concept of non-fungible tokens also called NFTs.
Cryptokitties are digital kittens represented by a unique and non-replicable token, like a card. Users are willing to pay a lot because the concept of a unique asset on a blockchain is attractive and the concept of rarity is the same that make Cryptocurrency successful. The Early adopters of this asset line are speculating on its unique attributes.
Sorare, from the word joy of “so rare” is a platform with a system of non-fungible tokens, associated with soccer player cards. The platform have conclude agreements with players’ club and they are developed thought Ethereum blockchain.
The platform offers a marketplace where soccer fans can buy the “crypto card” of their favorite soccer players. At the start of the auction, players are worth anywhere from a few cents to several hundred euros, depending on their market odds.
How to buy NFT
Through exchange platforms such as OpenSea or RareBits, specialized in secondary NFT markets.
or
Directly from their issuers, on the platforms of the projects themselves. In this article, we will review some concrete examples.
Buying your first NFT with Sorare
Players can buy as many crypto cards (in the form of non-fungible tokens) as they want to build a soccer team. Each footballer has three types of cards: unique (one copy), super-rare (ten copies) and rare (one hundred copies).
With these cards, players can participate in the soccer championship organized every weekend, similar to MyGazon. The platform allows access to a game arena, in which you have to compose your team with your crypto cards.
The idea of the championship is to line up the best team possible and score the most points according to the players’ real-life statistics. A reward system in ethers is planned for the best players of each championship weekend.
The way to buy these NFTs is very simple:
Create your digital wallet
OpenSea uses Ether, a crypto-currency, which you will have to buy. Think of it as an arcade. You come in and want to play games. But before you can play the games, you have to buy tokens. Same idea here, but the chips are called Ether. Instead of buying multiple tokens, you’ll probably start small, with fractions of Ether. As of March 25, a single Ether was worth about 1,362.56 Euro.
So, back to that digital wallet. OpenSea suggests using a plug-in for the Chrome browser called MetaMask. OpenSea also supports many other Crypto Wallet (Bitski, FortMatik, WalletConnect, WalletLink, Arkane Network, Dapper, Authereum, Torus ).
Purchase cryptocurrency to purchase NFT
To buy NFT, you will need to buy Cryptocurrency. You can use any variety of apps to buy crypto-currencies. I recommend Coinbase which is extremely popular. But for simplicity, let’s use MetaMask to buy ether, as we already use it as a digital wallet and we already have it connected to OpenSea.
You are now ready to bid and buy NFT. Let’s go back to OpenSea. You can browse the galleries by pressing “Explore”. You’ll find all kinds of images for sale, from rotating objects to flashing icons to simple sayings.
To resell NFT you can use the Rarible platform, very easy to install, and it is linked to OpenSea.
