What is Ethereum?

Ethereum is the second-largest cryptocurrency in the world, after bitcoin. It's the native currency of the Ethereum blockchain, which is also the foundation for the booming NFT market. If you want to buy NFTs, you'll need to have some ethereum in your crypto wallet.

How to Buy Ethereum

To buy ethereum, you'll need to use a cryptocurrency exchange, such as Coinbase. Coinbase is a trusted and user-friendly platform for beginners. You can buy ethereum with fiat currency, such as USD, using a credit/debit card or a bank account.

Step 1: Creating a Coinbase Account

Coinbase is a centralized exchange, so you'll need to provide official identification to comply with government regulations. This means you must be 18 years or older and provide personal information like your photo ID and the last four digits of your social security number.

• Go to the Coinbase website or download the app.
• Click on "Sign up" and follow the instructions.
• Verify your identity with your photo ID and social security number.

Step 2: Buying Ethereum

Once you have a Coinbase account, you can buy ethereum. Before you buy, decide how much you want to invest. Remember that all crypto assets are subject to price fluctuations, so never invest more than you can afford to lose.

• Open your Coinbase app.
• Click on "Buy" and select Ethereum (ETH).
• Enter the amount of ETH you want to buy and click on "Preview buy."
• Review the order preview and click on "Buy now."

Step 3: Transferring Ethereum to Your MetaMask Wallet

Now that you have bought ethereum, you need to transfer it to your MetaMask wallet. MetaMask is a popular web3 browser extension and mobile app that allows you to interact with the Ethereum blockchain.

• Open your MetaMask app.
• Copy your MetaMask wallet address.
• Go back to your Coinbase app and navigate to your Ethereum wallet.
• Click on the "Send" icon and paste your MetaMask wallet address.
• Enter the amount of ETH you want to send and click on "Preview send."
• Confirm the transaction.

Step 4: Linking Your Hardware Wallet

For extra security, you can link a hardware wallet to your MetaMask. Hardware wallets are physical devices that store your private keys offline, making them much more secure than web wallets.

• Purchase a hardware wallet, such as a Ledger or Trezor.
• Connect your hardware wallet to your MetaMask.
• Follow the instructions on the MetaMask website to complete the linking process.

How to Buy NFTs

Now that you have ethereum in your MetaMask wallet, you're ready to buy NFTs. NFTs are digital assets that are unique and irreplaceable. They can represent anything from digital art to virtual land.

Gary Vaynerchuk's VeeFriends NFT Project

Gary Vaynerchuk, a popular entrepreneur and influencer, has launched his own NFT project called VeeFriends. VeeFriends is a collection of NFTs that represent different "character traits." Each NFT gives you access to exclusive benefits and experiences, such as early access to events, discounts on merchandise, and more.

• Visit the VeeFriends website to learn more about the project.
• Connect your MetaMask wallet to the VeeFriends platform.
• Place a bid on the VeeFriends NFT you want to buy.
• Once your bid is accepted, the NFT will be transferred to your MetaMask wallet.

Buying Your First VeeFriends

If you're new to NFTs, it's a good idea to start with a small investment. You can purchase a VeeFriends NFT for a fraction of an ethereum. Don't hesitate to reach out to the VeeFriends community for help getting started.

Tips for Buying NFTs

• Do your research. Before you buy an NFT, be sure to understand the project and the team behind it.
• Set a budget. Never invest more than you can afford to lose.
• Be patient. The NFT market can be volatile, so don't expect to get rich quick.