Tiana Laurence - NFTs For Dummies

NFTs For Dummies

Published by: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, www.wiley.com

Copyright 2022 by John Wiley & Sons, Inc., Hoboken, New Jersey

Published simultaneously in Canada

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Library of Congress Control Number: 2021948877

ISBN: 978-1-119-84331-3; 978-1-119-84332-0 (ebk); 978-1-119-84333-7 (ebk)

1. Chapter 1
2. Chapter 2
3. Chapter 3
4. Chapter 4
5. Chapter 6
6. Chapter 7
7. Chapter 8
8. Chapter 9
9. Chapter 10
10. Chapter 11

Welcome to NFTs For Dummies! If youre curious about NFTs their origin, use cases, and underlying technology this is the book for you.

In this book, you can find helpful information and advice for exploring the world of NFTs. You can also find useful step-by-step guides that teach you how to set up a hot wallet to store NFTs, how to navigate NFT marketplaces, and even how to code up your very own NFT.

You dont need a background in programming, math, contract theory, or economics to understand this book. We do, however, incorporate these elements to convey a full appreciation of the multidisciplinary nature of NFTs and what they represent.

Naturally, this book explains the basics of NFTs, but we also touch on smart contracts and blockchain technology to explain how NFTs are secured and how they operate. Additionally, we touch on various economic and legal themes to convey the rich possibilities of what might be achieved through NFTs.

This book is written to satisfy a diverse array of interests ranging from lighthearted games to thought leadership in future NFT use cases to more technical explanations that cover the inner workings of the smart contracts that power NFTs and the blockchain technology that secures them.

You dont have to read the book in its entirety to understand the separate topics. This book intends to provide a customizable journey for all audiences whether youre simply curious to learn the NFT lingo, interested in buying and selling NFTs, or filled with a burning desire to code up and deploy your own ERC-721 non-fungible token.

The biggest assumption we make about you is that youre interested in learning about NFTs. We mean it!

We do make additional assumptions in writing our how-to guides that are peppered throughout this book. Although we assume no prior knowledge or experience in programming, blockchain technology, or cryptotrading, we do assume that you

• Have a computer and access to the Internet.
• Know the basics of navigating your computer and the Internet, and know how to download, install, and run programs.
• Recognize that some web addresses or long hashes may be split across two lines of text. Keep in mind that these web addresses and large numbers should be copied verbatim as though the line break doesnt exist.
• Understand that things move quickly, especially in the world of crypto, and that some of our illustrated guides may no longer represent ongoing conditions on the ground by the time you read this book.

Finally, we assume that you know we are not fiduciaries, and we do not provide investment advice. The marketplaces we describe and the step-by-step guides we provide for buying and selling NFTs are meant to be demonstrative and informative.

Throughout this book, we use the following icons to guide your expectations and direct your attention to certain pieces of information.

The Tip icon is used to draw your attention to potential shortcuts or easy adaptations that can be made without breaking an entire system. (Yes, you will learn what we mean by this!)

The Remember icon is used to highlight information thats particularly important to know or that can help clear up possible confusion later.