How to Buy NFT-Based Artworks With Eidoo
Updated: Sep 15, 2021
The NFT mania is gaining traction, as more artists are interested in leveraging these tokens to better engage with the audience and create a unique experience for buyers. On the other side, investors are betting on the crypto art market in search of profitable deals. However, besides investors, buyers may simply be crypto art fans that enjoy spending their tokens on something unique and beautiful from their perspective.
If you are a crypto art collector or investor, you can buy NFT-based artworks with Eidoo, the digital wallet designed for crypto activity, Decentralized Finance (DeFi), and NFT operations.
Several marketplaces connect crypto art buyers and artists, and we’ll briefly guide you through the process.
Crypto art accounts for a considerable portion of the NFT space, and it is probably the fastest-growing market right now. For example, trading volumes had doubled in March compared to February, when they surged by about six times compared to January.
So if you’re on FOMO right now, you’re not alone. If you want to enjoy the unique experience of owning an original digital artwork on the blockchain, here is how to do this:
Get a wallet that supports NFTs — First of all, you should think about a digital wallet where you could store your NFTs, since not all Ethereum wallets can do this. Thankfully, you have Eidoo — a non-custodial wallet solution built for the DeFi and NFT experience. It is secure, multifunctional, easy to use, and future-oriented.
Buy some Ethereum — once you set up your Eidoo wallet, you should buy Ether, as most marketplaces and artists accept this cryptocurrency as a payment for the artwork that is either sold at a fixed price or auctioned. The Ethereum price is hovering around $1,600 at the time of writing — so you may be interested in buying a fraction of it unless you don’t want to beat Beeple’s record for the most expensive art, which was sold for about $69 million. Either way, you can buy Ether on Eidoo, as it has a built-in DEX supporting fiat operations well.
Explore crypto art on marketplaces — now it’s time to give your heart what it deserves — go to marketplaces and choose what you like. The most popular NFT trading venues are OpenSea, SuperRare, and Nifty Gateway, among others.
OpenSea is one of the oldest marketplaces and has all kinds of NFTs, and you may start with it. When browsing through artworks, you will see the price in ETH, and by clicking on the piece you like, you can initiate the buying or bidding process (in the case it’s auctioned).
You will have to pay in ETH, and OpenSea will ask you to connect a wallet. You can connect your Eidoo wallet thanks to WalletConnect native integration, which OpenSea supports.
Store your NFT — once you paid for your NFT artwork, you should wait for the auction to conclude. Otherwise, you’re free to get your NFT. To do this, indicate your Eidoo wallet address for NFTs on OpenSea, and the transaction will initiate.
That’s it! Now you are the happy owner of an NFT-based crypto art. Enjoy it!
If you want to become an NFT collector, download the Eidoo app right now!