What does it mean to buy an NFT?

NFTs have been known as a public registry of authenticity and ownership for digital assets, which is realized through blockchain technology.

A token is the digital representation of a financial asset, i.e. an asset that can be traded on the market.

This token is registered on the blockchain and thereby becomes a type of contract that gives ownership to the person who owns or exchanges this token.

So NFTs are digital assets protected by cryptography and exist only in a digital registry.

Now, we can better understand what an NFT is: a contract that guarantees the ownership and authenticity of a digital asset within a network of public registries.

NFTs because of their exclusivity have a value that has involved multi-million dollar sales and has been a way to generate thousands of dollars. These assets have promised a revolution in virtual transactions.

Finally, with this concept, we can say that buying an NFT means that we are buying an asset that is a digital asset and that is unique, so we will not find another one like it anywhere.

After buying it, where does it go?

The best way to store an NFT is through a wallet, one of the most popular ones known is metamask. This wallet connects to platforms such as OpenSea and there we can visualize our NFT.

So, in summary, we can enter the project website or we can go to OpenSea, and there we buy the NFT, it is registered in a blockchain and there it stays, what changes are the people who own it?

Then we buy it and it is stored in our wallet of preference or that is compatible with the blockchain network in which the NFT is located, finally, to see it we connect our wallet to a platform such as OpenSea and we can visualize it.

We hope this information can help you feel more confident about what happens when we buy an NFT and the profits we can get through them.