Ubu Afro is a creative community where African creatives come together to showcase the best of our culture. We use blockchain technology and a unique artist support model to create meaningful collaborations between unique Afrocentric artists.
An NFT is a digital asset that is stored on a blockchain. The blockchain is a digital ledger that records transactions. NFTs are unique and cannot be replicated.
Some benefits of owning an NFT include being able to sell it for more money later, trade it for other things, or use it to represent ownership of something else. For example, you could own an NFT of a virtual pet and use it to show that you own that pet.
Find an NFT that you want to buy, you can find out about interesting projects on Twitter, Twitter spaces, NFT project calendars, and Web 3 events. Do your research on the project. Things to look out for are whether the people behind the project have disclosed their identity, also be on the look out for projects that promise too much, if it sounds too good to be true it probably is. Get a crypto wallet, crypto wallets are where you keep your cryptocurrencies, think of them as digital wallets that work on desktop's browser and mobile phone. You will need to set your crypto wallet up, follow the wallet provider's instructions carefully, it is not a difficult process though. Use either Coinbase or Metamask if you are new to web 3. Buy some Ethereum. Go to a marketplace where you can find your project of interest's NFTs. Projects usually give out links to their collections and NFTs on their websites or social media. Find the NFT you like. "Mint", mint, or minting is a fancy way of saying that you are verifying your ownership of an NFT by buying it with cryptocurrency. Your purchase get's stored on a public digital ledger. At this stage you are an official owner of an NFT, first congrats, owning NFTs is awesome, now make sure to enjoy the perks the project you invested in has to offer, remember to be an active participant in your project's communities to reap all the benefits of owning their NFT.