Before all this we want to explain a few things...
We get it, when it comes to the world of crypto understanding this stuff can be like listening to Elon Musk describing the inner workings of the hyperloop. So here are some entry-level definitions...
What is Crypto?
Crypto is the short word for cryptocurrency. Cryptocurrency is a digital/virtual currency stored electronically on a blockchain.
What is a blockchain?
A collection of records (transactions), linked together, which are strongly resistant to alteration and protected using cryptography. Basically a huge spreadsheet of transactions that everyone has access to and also has the same copy of.
What is an NFT?
A non-fungible token is a digital token on a blockchain that represents an asset, this asset could be digital or physical. Think of it as an asset’s birth certificate which tells you who the parents are so essentially a certificate of authenticity for something.
What is minting?
This is the process of creating an NFT. To mint something is to produce something for the first time.
What are gas fees?
Gas is the cost of the network (the blockchain) charges in order to process your transaction. Think of it like the gas you put in your car, if you want to go from A to B you need to ensure you have enough fuel to get there.