How to Buy NFT Art
About NFT purchase
Here, I will briefly explain the following two points.
- The flow to purchase the works exhibited on the Ethereum blockchain.
- The flow to purchase the works exhibited on the Polygon blockchain.
(This explanation is for “OpenSea”)
Cryptocurrency is required to purchase NFT art.
Cryptocurrency | How to get | Blockchain | NFT art of “Mr.Paas” |
“ETH” | Buy on Cryptocurrency Exchanges, etc. | Ethereum (regular sales) | |
“WETH“ | ETH to WETH swap | Ethereum (auction, offer) | |
“WETH(polygon)” | ETH to WETH (polygon) swap MATIC to WETH (polygon) swap | “Polygon” |
- “ETH” is required to purchase Ethereum works (regular sale).
- “WETH” is required to purchase Ethereum works (auctions, offers).
- “WETH(Polygon)” is required to purchase Polygon works.
➀ Ethereum (regular sales)
Flow
Process
a1 , | Create a Cryptocurrency Exchanges account to buy Ethereum(ETH). |
a2 , | Buy Ethereum(ETH). |
a3 , | Prepare Cryptocurrency wallets and connect cryptocurrency wallets to your Ethereum network. |
a4 , | Transfer Ethereum (ETH) from the Cryptocurrency Exchanges to the Cryptocurrency Wallets. |
a5 , | Create an OpenSea account and connect “OpenSea” and cryptocurrency wallets. |
a6 , | Buy NFT. |
Recommend
Cryptocurrency Exchanges | Binance, etc. |
Cryptocurrency Wallets | MetaMask, TokenPocket, etc. |
② Ethereum (auction, offer)
Flow
Process
a1 , | Create a Cryptocurrency Exchanges account to buy Ethereum(ETH). |
a2 , | Buy Ethereum(ETH). |
a3 , | Prepare Cryptocurrency wallets and connect cryptocurrency wallets to your Ethereum network. |
a4 , | Transfer Ethereum (ETH) from the Cryptocurrency Exchanges to the Cryptocurrency wallets. |
a5 , | Swap from ETH to WETH using Cryptocurrency wallets‘s swap function. |
a6 , | Create an OpenSea account and connect “OpenSea” and cryptocurrency wallets. |
a7 , | Buy NFT. |
Recommend
Cryptocurrency Exchanges | Binance, etc. |
Cryptocurrency Wallets | MetaMask, TokenPocket, etc. |
③ Polygon (Pattern A: when MATIC can be purchased in the home currency)
Flow
Home Currency | Buy MATIC | |
Cryptocurrency Exchanges “A” | a◯ | a◯ |
Process
a1 , | Create a Cryptocurrency Exchanges “A” account to purchase MATIC. |
a2 , | Buy MATIC. |
a3 , | Prepare Cryptocurrency wallets and connect cryptocurrency wallets to your Polygon network. |
a4 , | Transfer MATIC from the Cryptocurrency Exchanges “A” to the Cryptocurrency wallets. |
a5 , | Swap from MATIC to WETH(Polygon) using Cryptocurrency wallets‘s swap function. |
a6 , | Create an OpenSea account and connect OpenSea and the cryptocurrency wallets. |
a7 , | Buy NFT. |
Recommend
Cryptocurrency Exchanges “A” | Binance, etc. |
Cryptocurrency Wallets | MetaMask, TokenPocket, etc. |
④ Polygon (Pattern B: When MATIC cannot be purchased in its own currency)
Flow A (low gas fee) ☆Recommended!
Home Currency | Buy MATIC | |
Cryptocurrency Exchanges “B” | a◯ | a✕ |
Cryptocurrency Exchanges “C” | a✕ | a◯ |
Process
a1 , | Create a Cryptocurrency Exchanges “B” account to purchase Ethereum(ETH). |
a2 , | Buy Ethereum(ETH). |
a3 , | Create a Cryptocurrency Exchanges “C” account (to convert Ethereum (ETH) to MATIC). |
a4 , | Transfer Ethereum from Cryptocurrency Exchanges “B” to Cryptocurrency Exchanges “C”. |
a5 , | Convert Ethereum(ETH) to MATIC on Cryptocurrency Exchanges “C”. |
a6 , | Prepare Cryptocurrency wallets and connect cryptocurrency wallets to your Polygon network. |
a7 , | Transfer MATIC from the Cryptocurrency Exchanges “C” to the Cryptocurrency wallets. |
a8 , | Swap from MATIC to WETH(Polygon) using Cryptocurrency wallets‘s swap function. |
a9 , | Create an OpenSea account and connect OpenSea and cryptocurrency wallets. |
a10 , | Buy NFT. |
Recommend
Cryptocurrency Exchanges “B” | GMO Coin, etc. (Case by Japan, etc.) |
Cryptocurrency Exchanges “C” | Binance, etc. |
Cryptocurrency wallets | MetaMask, TokenPocket, etc. |
Flow B (Gas fee are high, but the process is easy)
Home Currency | Buy MATIC | |
Cryptocurrency Exchanges “B” | a◯ | a✕ |
Process
a1 , | Create a Cryptocurrency Exchanges “B” account to purchase Ethereum(ETH). |
a2 , | Buy Ethereum(ETH). |
a3 , | Prepare Cryptocurrency wallets and connect cryptocurrency wallets to your Ethereum network. |
a4 , | Transfer Ethereum (ETH) from the Cryptocurrency Exchanges “B” to the Cryptocurrency wallets. |
a5 , | Add a polygon network to Cryptocurrency wallets. |
a6 , | Access “Matic Web Wallet V2”. |
a7 , | Move Ethereum (ETH) from Ethereum network to polygon network with “Matic Web Wallet V2” (ETH is converted to WETH (polygon)). * A high gas fee is required for this work. |
a8 , | Create an OpenSea account and connect OpenSea and cryptocurrency wallets. |
a9 , | Buy NFT. |
Recommend
Cryptocurrency Exchanges “B” | GMO Coin, etc. (Case by Japan, etc.) |
Cryptocurrency wallets | MetaMask, TokenPocket, etc. |
Summary
In this article, I explained which cryptocurrency should be prepared to purchase works at OpenSea.
We also explained how to obtain cryptocurrencies ETH, WETH, and WETH (polygons).
For those who purchase NFT art for the first time, trading on the blockchain may be a little difficult to understand.
Blockchain is often compared to a country.
For example, you need Japanese yen to shop in Japan and pounds to shop in the UK.
Similarly, to shop on the Ethereum blockchain, you need the cryptocurrency “ETH”.
To shop on the Polygon blockchain, you need the cryptocurrency “WETH (polygon)”.
Isn’t it a little easier to understand if you think so?
The “MATIC” required to obtain WETH (polygons) may not be available for purchase on your country’s cryptocurrency exchange.
Even in that case, you can save fees (gas fees) by obtaining MATIC through cryptocurrency exchanges in other countries.
(See “Polygon (Flow A of pattern B)”)
Please get your favorite NFT art by all means.
We look forward to your continued support of “Mr.Paas NFT”.