philip lelyveld The world of entertainment technology

14Dec/21Off

I Gave My Mom a Crypto Wallet: A Simple Guide to NFTs, Blockchain and More

PhilNote: this is an excellent primer of the concepts involved in creating an NFT.

I realized the best way to understand this—and to explain it—was to roll up my sleeves and make an NFT. In other words, I turned my son’s pretty fungible construction-paper-and-googly-eyes unicorn into a nonfungible token of my esteem for my mom. 

Step 1: Get to know the blockchain.

Step 2: Put your thing on the blockchain.

Step 3: Get crypto and a wallet for it.

Step 4: Pay the gas fee.

Step 5: Ponder the meaning of ownership.

See the full story here: https://www.wsj.com/articles/i-gave-my-mom-a-crypto-wallet-a-simple-guide-to-nfts-blockchain-and-more-11639404001

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