Greetings!, Hello everyone, hope you all are well.
I chose Rarible the trending platform to sell and buy NFTs but first let's talk about Non-Fungible Tokens that we learned from the lesson.
- Video Homework
ɪɴᴛʀᴏᴅᴜᴄᴛɪᴏɴ ᴛᴏ ɴᴏɴ-ғᴜɴɢɪʙʟᴇ ᴛᴏᴋᴇɴs
To understand the Non-Fungible Tokens easily let's go through with an example, Suppose that I have 20 USDT and you also have 20 USDT. The value of your 20 USDT is the same as me and my 20 USDT has the same value as yours. This is said to be a Fungible Token as I can exchange these USDT with your local currency or Ethereum and vice versa. So Fungible token has the same values and these are available market in good quantity.
But, if we talk about an asset that is more rare, collectible, and a small amount of it available in the market those tokens are said to be Non-Fungible Tokens. Let's take another example, suppose that there a shop in your city which is purchasing old and rare goods from people at low prices as people thinks that old things are useless and go to but a new one. But after some time when an old thing that the shop purchased from the people becomes rare, they sold it in good profit to someone who knows the value of rare things as it becomes a collectible asset.
The same scenario for an autograph of a celebrity who is died and Its autograph now become collectible and if it is real and original then we take to earn a good profit by it.
I hope you understand the meaning of Non-Fungible in our real-life things. Now let's change our flow towards blockchain. A blockchain named Rarible is one of the most popular projects to buy and sell the NFTs. We are going to elaborate on this project, what is it, how to put NFTs on it, How to create your own NFTs in Rarible, How to sell your collectibles.
ᴡʜᴀᴛ ɪs ʀᴀʀɪʙʟᴇ
- Step 1: Visit https://rarible.com/ and click on the connect wallet button. You need to log in to buy and sell a collectible on this site. The connection can be made with different Ethereum based listed supported wallets. If you are going to use Metamask then firstly you need to install its extension in your browser and log in or register on it with your private key phrase.
- Select a wallet of your choice given in the List. I am using Metamask that I have already configured and it's in running state as my browser extension. You can choose any of your favorite listed wallets. follow these mockups
- Now you need to connect your Metamask wallet and authenticate it with the Rarible account. So you can use your Metamask balance in Rariple transactions. You can buy or sell collectibles by using your Metamask balance. If you sell something then you directly get the amount in your Metamask wallet. You can follow these mockup to connect you Metamask with Rarible.
- If you are correctly logged in you can see your profile like this. This is your profile that shows your current balance and also it uses to save your collectibles sales and purchases.
How to buy a Collectible
- You can buy any digital asset on this website create by different sellers. You can also create your own asset here.
Let's check how you can buy it. I am going to buy #bois collectible so, click on it It will open the profile of a person who creates these collectibles and also the listed price. Follow these mockups
- On the profile, you can see a verification mark its means that the profile belongs to a top trusted seller, and Raribe marks the seller as trusted verified. It's the best option to buy a collectible from a verified user, but also many good sellers are out there there is not any type of fraud in the Rarible blockchain as it's purely based on Ethereum Network.
- Now look for your favorite collectible and click on it to purchase it. If your favorite item is not for sale you can always place a bid to attract the seller to sell it. They're also a history of the top bids.
- To but the collectible click on the 'Buy now button. You can always check the history of this item sale and also the bids if it is listed as not for sale. In the very next step of payment, verification makes sure that you have enough balance to cover the item price and the transaction fee. I have 0 balance that's why my transaction is not able to get successful.
How to check your Collectibles
- You can see all your collectibles here in the profile of your Raribel account. You can also manage your sale also if you have created any collectible then it will show in the 'Created' tab. They're also an option on items to add in favorite. So, the favorite is for it. You can also follow a seller and it will be saved in your profile Followers tab.
How to create and sell Collectibles
- You can also create your own collectible in Rarible. In order to create a collectible, you need to log in to your account prop[erly and click on the 'Create' button as shown in this mockup.
- In the very next step you get to option one is Single and the other one is Multiple. I order to sell a single or create a single collectible you need to click on Single otherwise you can go for the Multiple. I am going for the Single.
- In the next step, you need to upload your created file in supported extensions. File must be less than or equal to 30MB.
- Give it a unique name and add some description and you can specify the size of your file in height width. Then click on 'Create' in order to create your collectible.
- In the next step you need to approve the transaction. It requests to pay some gas fee in Ethereum. I have nothing in my account so, this result to cancel the transaction.
ᴄᴏɴᴄʟᴜsɪᴏɴ
| Social Account | Link |
|---|---|
| https://twitter.com/rariblecom | |
| Discord | https://discord.com/invite/53Hu8jsVSb |
| https://www.facebook.com/rarible/ | |
| https://www.instagram.com/rariblecom/ | |
| https://www.reddit.com/r/Rarible/ |
Link of already marked homework but not curated
https://steemit.com/hive-108451/@faisalamin/steemit-crypto-academy-season-2-an-introduction-to-non-fungible-tokens-nfts-homework-for-levycore
▀▄▀▄▀▄ Respected Professor ▄▀▄▀▄▀
@levycore
🅱🅴🆂🆃 🆁🅴🅶🅰🆁🅳🆂
@faisalamin
You might posted it 2nd time in The Steemit Crypto Academy:
https://steemit.com/hive-108451/@faisalamin/steemit-crypto-academy-season-2-an-introduction-to-non-fungible-tokens-nfts-homework-for-levycore
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Yes, I mention it. You don't need to worry about it. Please read the post first then make a decision don't be panic.
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I already saw that Sc02 hasn't rewarded your last post as he is too busy these days and mostly he missed some posts - You can request them for some alternative reward but I don't think that copy/pasting the same post just for the rewards is a good decision.
If everyone started doing the same thing just for the rewards then what will happen next. You are a good steemian and I think you should need to think about the goodness of the community.
I hope you can understand what I am trying to say...!
Have a Nice Day😊
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Yes you are right. But academy professors allow to repost the unrewarded post on which marks are >5 and RP level >= 50.
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