#christianoronaldo x @binance#nft partnership
Through this partnership, Binance will launch a global campaign to give Ronaldoās fans an introduction to the world of Web3.
The NFT collection will be on sale exclusively on the binance nft platform.
Whatās the connection between NFTs and cryptocurrency?
-NFTs arenāt cryptocurrencies
-Are built using technology similar to Ethereum and Bitcoin
-Like cryptocurrencies, NFTs exist on a blockchain
#nft#blockchain#crypto#web3#dekode
What are gas fees?
- Transaction fees that users pay
- On a blockchain protocol to have their transaction included in the block
- Works on a standard supply and demand mechanism
- More demand for transactions = Higher gas fees
#nft#blockchain#crypto#web3#dekode
What is minting in the NFT industry?
- Converting an image, article, video etc into an NFT
- Process of taking a digital asset and converting the digital file
- Once the asset is minted an officially an NFT, it can be sold at an NFT marketplace
#nft#blockchain#crypto#web3