Since Oct 2021, I’ve been diamond hands on this one NFT project called SolGods. Today I turned into a super fan and purchased my 1st fan merch using Solana (SOL). In this blog, I will break down the process of completing this transaction from start to finish in about 3-5 seconds. However, let’s get a brief understanding of what an NFT is?
What is a Non-Fungible Token (NFT)
It’s not a Jpeg file that you can copy and paste. An NFT is a token that can represent one of a kind object. Thus, only one person can own an NFT at one time. But how can you confirm the ownership? The token is stored on a blockchain, a decentralized public record that documents transactions. Most NFT are on the Ethereum (ETH) Blockchain but other blockchains such as Solana (SOL) are becoming more popular as well.
How to Purchase using a Solana (SOL)
First is to setup a digital wallet called Phantom. A digital wallet is a place to store your cryptocurrency.
Second is to purchase SOL from an exchange such as Coinbase, or crypto.com.
Third is to send SOL from the exchange to the phantom wallet.
Fourth is to receive the sellers wallet address and then send SOL to the sellers address for purchase.
Below is an example. I sent 0.4 SOL to the sellers wallet for Fan Merch. Purchasing this through communication on a Direct Message (DM) instead of going through the website, using a credit/debit card. This process was fast and I was able to confirm the transaction. As always remember to Do Your Own Research (DYOR).
