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  • What Is Gas (Ethereum)?
    Gas refers to the fee, or pricing value, required to successfully conduct a transaction or execute a contract on the Ethereum blockchain platform. Priced in small fractions of the cryptocurrency ether (ETH), commonly referred to as gwei and sometimes also called nanoeth, the gas is used to allocate resources of the Ethereum virtual machine (EVM) so that decentralized applications such as smart contracts can self-execute in a secured but decentralized fashion. The exact price of the gas is determined by supply and demand between the network's miners, who can decline to process a transaction if the gas price does not meet their threshold, and users of the network who seek processing power. In basic terms, you will need ETH to buy, sell, mint, trade, or list an NFT on the Ethereum blockchain.,smart%20contracts%20and%20other%20transactions.
  • What is MetaMask?
    MetaMask is a browser plugin that serves as an Ethereum wallet. Users can store Ether and other ERC-20 tokens in the MetaMask wallet. The wallet can also be used to interact with decentralized applications, or dapps. (edited)
  • What are NFTs?
    NFTs exist on a blockchain, which is a distributed public ledger that records transactions. You’re probably most familiar with blockchain as the underlying process that makes cryptocurrencies possible. Specifically, NFTs are typically held on the Ethereum blockchain, although other blockchains support them as well. An NFT is created, or “minted” from digital objects that represent both tangible and intangible items, including: Graphic art GIFs Videos and sports highlights Collectibles Virtual avatars and video game skins Designer sneakers Music Essentially, NFTs are like physical collector’s items, only digital. So instead of getting an actual oil painting to hang on the wall, the buyer gets a digital file instead. They also get exclusive ownership rights. NFTs can have only one owner at a time, and their use of blockchain technology makes it easy to verify ownership and transfer tokens between owners. The creator can also store specific information in an NFT’s metadata. For instance, artists can sign their artwork by including their signature in the file. How do NFTs differ from cryptocurrency? NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another. They’re also equal in value—one dollar is always worth another dollar; one Bitcoin is always equal to another Bitcoin. Crypto’s fungibility makes it a trusted means of conducting transactions on the blockchain. NFTs are different. Each has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another (hence, non-fungible). One Find art society NFT for example, is not equal to Bored Ape simply because they’re both NFTs. (One FAS piece isn’t even necessarily equal to FAS piece, for that matter.) NFTs have many uses: they can be digital representations of a physical object or access passes to special real world events; In our case it is your ticket and membership to our community and there will be added value to members who hold through access to new art and exclusive merch drops along the way. *edits made to fit our project learn more @ link below.
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