NFTs are digital collectibles that can be owned and traded. The acronym "NFT" stands for non-fungible token, and they can come in the form of anything from digital trading cards to digital art. There are even NFTs that act like certificates of authenticity for physical items.
You can carry and display these collectible items inside your wallet. There are even some websites that give you special features or access if you connect your wallet to prove ownership of a specific type of item.
Collecting an NFT on OpenSea:
These instructions are for OpenSea specifically, which is one of the leading NFT marketplaces:
Step 1: Follow our guide to connect your wallet to OpenSea
Step 2: Find an NFT you want to collect and make sure you have enough ETH in your wallet to cover its cost + the gas/transaction fee
Step 3: Tap "Buy Now" on the NFT
Step 4: Review the collection details
Step 5: Click "Confirm Checkout" to be redirected to the Rainbow app
Step 6: A transaction request popup will appear in Rainbow. Tap the "Confirm" button to send the transaction
Step 7: Wait for the transaction to finalize
Step 8: If the transaction succeeds, your NFT will appear in your wallet shortly!
Step 9: Once it has appeared, tap on the collection's name to expand it
Step 10: Tap on the specific NFT to expand it and see more info about it
Cancel a Transaction
If you have a transaction that is pending, you can attempt to cancel it easily within the app! The way this work is the wallet sends another transaction that is valueless to replace the original transaction. Keep in mind there is still a chance the original transaction might go through.
Speed up a Transaction
If you have a transaction that has been stuck in the pending state for awhile, or if you want the transaction to complete sooner, then you can easily speed it up within the app. The way this works is the wallet will send another transaction that replaces the original one.