𝐍𝐅𝐓 𝐒𝐂𝐇𝐎𝐎𝐋 🧠
𝗟𝗲𝘀𝘀𝗼𝗻 𝟱: 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗰𝗿𝘆𝗽𝘁𝗼 𝘄𝗮𝗹𝗹𝗲𝘁?
If you want to own an NFT, you’ll need somewhere to store it.
That’s where a crypto wallet comes in.
A crypto wallet is a tool that lets you interact with your crypto and NFTs on the blockchain.
It can show you what you own and allows you to send, receive and manage your assets.
Think of it like a digital wallet.
But there’s an important difference.
Your wallet doesn’t literally “store” your crypto or NFT inside it.
The assets remain recorded on the blockchain.
Your wallet gives you access to and control over those assets.
For example, if someone sends an NFT to your wallet address, the blockchain records that your wallet owns it.
You can then see and manage that NFT through your wallet.
So:
👛 Wallet = your way of accessing and managing your assets
🔗 Blockchain = where ownership is recorded
And one more thing…
Your wallet is only as safe as the way you protect it.
Which brings us to something VERY important.
Next lesson: What is a seed phrase?
If you’re learning about NFTs from scratch, follow along, turn on post notifs 😉
nitter.net/mapemaofweb3/status/20…
𝐍𝐅𝐓 𝐒𝐂𝐇𝐎𝐎𝐋 🧠
𝗟𝗲𝘀𝘀𝗼𝗻 𝟰: 𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝗼𝘄𝗻𝗶𝗻𝗴 𝗮𝗻 𝗡𝗙𝗧 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗺𝗲𝗮𝗻?
You bought an NFT.
So… what do you actually own? 🤔
This is where things get interesting.
When you own an NFT, you own the specific token recorded on the blockchain.
The blockchain shows that the NFT belongs to your wallet.
You can usually:
• Hold it in your wallet
• Transfer it to someone else
• Sell it
• Prove that your wallet owns it
But here’s something important:
Owning the NFT doesn’t automatically mean you own the copyright to the artwork.
For example, buying an NFT of a digital character doesn’t necessarily mean you own the rights to that character or can do whatever you want with the image.
What you actually get can depend on the project and its terms.
So think of it this way:
🖼️ The artwork = what you see
🔗 The NFT = the unique token representing ownership
👛 Your wallet = where that NFT is held
That’s why NFT ownership is more than simply “I saved the picture.”
You own the token recorded on the blockchain.
That’s the basic idea.
Next lesson: What is a crypto wallet?
If you’re learning about NFTs from scratch, follow along, turn on post notifs 😉