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What is an NFT?
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What is an NFT?
Our Digitial Collectibles are NFTs, which stands for “Non-Fungible Token”.
It is a unique Digital Token that you can buy, sell, or hold and cannot be replaced.
NFTs are used to prove ownership over anything that can be digitally tokenized, such as artwork, in-game assets, videos, music and more.
Soulection Digital Collectible NFTs will represent access to digital experiences, real-world experiences, physical objects, digital art, and more.
Nothing currently offered to our community will ever be gated behind our Digital Collectables. This is meant to be an enhancement for anyone who wants to experiment with us in the space!
It is a unique Digital Token that you can buy, sell, or hold and cannot be replaced.
NFTs are used to prove ownership over anything that can be digitally tokenized, such as artwork, in-game assets, videos, music and more.
Soulection Digital Collectible NFTs will represent access to digital experiences, real-world experiences, physical objects, digital art, and more.
Nothing currently offered to our community will ever be gated behind our Digital Collectables. This is meant to be an enhancement for anyone who wants to experiment with us in the space!
What are NFTs used for?
The most common use today is the sale and exchange of digital art. Artists get paid directly, immediately, transparently, and have the option to retain a creators share. Ownership of an NFT can grant you access to real world experiences and physical items depending on it’s defined utility. They can also be used as proof of attendance and early support.
What is a Blockchain?
A blockchain is a ledger of transactions distributed across a computer network.
Transactions that occur on the blockchain are irreversible and can be referenced in the future. The blockchain enables for the exchange of these NFTs in a decentralized, peer-to-peer format.
Transactions that occur on the blockchain are irreversible and can be referenced in the future. The blockchain enables for the exchange of these NFTs in a decentralized, peer-to-peer format.
Where can I buy NFTs?
NFTs are available for sale through NFT marketplaces, such as OpenSea. Or via mint pages (where the NFT is originally minted)
What does it mean to Mint an NFT?
Minting is the process of converting a digitial file to a digital collectible. It is impossible to delete, edit, or modify the digital item once it is stored on the blockchain.
Are NFTs bad for the environment?
The most obvious environmental impact of crypto is the electricity required for the mining process, which is how new digital coins are created. Our free community gems will be on Polygon, a blockchain that has a much lower carbon impact.
What is a crypto wallet?
A crypto wallet is a secure place where your Seed Phrase is stored. Think of it as your privately owned address on the internet.
NFTs are stored on the decentralized blockchain, and your Seed Phrase acts as your address from which to send and receive NFTs and cryptocurrencies like Bitcoin and Ether.
NFTs are stored on the decentralized blockchain, and your Seed Phrase acts as your address from which to send and receive NFTs and cryptocurrencies like Bitcoin and Ether.
What is a Seed Phrase?
A Seed Phrase is an ordered set of 12-24 words that are randomly generated by your wallet.
A Seed Phrase stores the information that can be used to recover your wallet.
A Seed Phrase stores the information that can be used to recover your wallet.
How do I keep my Seed Phrase safe?
To ensure the safety of your Seed Phrase, enable 2FA authentication.
We recommend storing your Seed Phrase in a secure offline location, such as writing it down on a paper.
Avoid connecting your wallet to unknown, random, and suspicious links!
Avoid using your wallet on unsecured or public connections.
Always double-check the correct crypto address you are sending to.
Backup your wallet regularly.
We recommend storing your Seed Phrase in a secure offline location, such as writing it down on a paper.
Avoid connecting your wallet to unknown, random, and suspicious links!
Avoid using your wallet on unsecured or public connections.
Always double-check the correct crypto address you are sending to.
Backup your wallet regularly.
What can I do with my digital collectible?
Anything you’d like! You can download the file, trade it with friends, show it off online, email it to your grandma, or stare at it in your wallet. Or you can create a virtual gallery of your collection to share.
What is MATIC?
MATIC is Polygon’s native cryptocurrency, which is used for fees, staking, and more.
You can buy or sell MATIC via exchanges like Coinbase.