What Are Non-Fungible Tokens?

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Designed by @zeebhutta using Canva

How To Purchase Them

1. To purchase a Non-Fungible Token, you will need to buy Bitcoin or Ethereum with cash and then use an exchange like Coinbase.
2. Find the token you want on the exchange.
3. Send your Bitcoin or Ethereum to that token's address in order to purchase it.
4. The tokens are usually sent immediately after payment is received but there may be delays depending on network congestion.
5. You can also create your own tokens by joining CryptoKitties and buying some ether from Coinbase.
6. Once you have enough ether, you can use their "Gen 0" feature which costs $25 worth of ETH and creates 20 million new crypto-collectibles for sale at $1 each.

The Benefits Of Owning One

1. They are a brand-new technology and could potentially be big in the near future.
2. If they become popular, prices could go up substantially as a result which is why you should buy them now before their popularity increases.
3. Collectibles have been bought for thousands of dollars because there is no telling how much they could grow in value if the world adopts crypto-collectibles as their main type of digital collectible.
4. The tokens are unique and cannot be duplicated, which means that every token you buy is one-of-a-kind.
5. They can represent anything from a celebrity to a cat or even a digital or physical asset.
6. The tokens are decentralized, meaning they cannot be taken away by anyone including the creator of the token.

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Why They're So Valuable

1. They are limited in quantity to only 21 million total tokens which ensures that their value will keep rising as time goes on and people keep creating new tokens.
2. They cannot be destroyed or taken away by anyone, including the creators.
3. Since each token is unique and one-of-a-kind, it makes them highly valuable since there are so few total tokens available.
4. Some tokens can represent physical objects like cars but newer ones appeal to people's emotions by representing their favorite celebrities or sports teams.
5. There are many reasons why they are valuable but since they've only recently been introduced, their value will surely rise even more in the future as awareness of crypto-collectibles increases.

Where You Can Buy Them From

1. You can purchase Non-Fungible Tokens on exchanges that have them available.
2. The most popular exchange for purchasing tokens is CryptoKitties.
3. On their website, you can buy crypto-collectibles with Ethereum and the token will be sent to your wallet almost immediately.
4. You can also create new tokens on CryptoKitties by spending $25 worth of Ethereum and it will create a certain amount of new tokens which you will own.
5. You can buy a token from someone who is selling it on the market or if you want to make your own, CryptoKitties has an option available where you can make your own token by spending some ether and they will be released for anyone to purchase.

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Where You Can Create Your Own Tokens And How Much It Costs To Do So

1. To make a new token on CryptoKitties, you will need to spend $25 worth of Ether.
2. When you purchase this option in their "Gen 0" feature, they are created almost immediately.
3. You can then sell them on the market or keep them for yourself to keep as a collectible.
4. You can also find other people who are selling their tokens and buy them off of the exchange instead of creating your own.

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