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How to Buy Doodles NFT • Benzinga Cryptocurrency

How to Buy Doodles NFT • Benzinga Cryptocurrency
Written by publisher team

Want to jump straight to the answer? You need Ethereum to buy the NFTs that you can get today from Gemini.

As the DeFi space continues to grow, investors are realizing that cryptocurrency is not the only asset that can generate massive gains. The idea of ​​trading various assets on an open market is interesting to many investors.

Several NFT projects have been successful over the past year, seeing huge gains and, in some cases, changing people’s lives. Doodling is one of the many successful projects that have been launched, likely due to its visually appealing color palette and community-driven DAO.

What are doodles?

Doodles is a community-driven NFT project on the Ethereum blockchain. Each NFT has a unique address on the blockchain that cannot be recreated or forged.

This allows for proof of ownership among the community and negates any fears of artistic photo taking of the property. There are only 10,000 unique doodles, which showcase a delightful array of colors and themes.

A Brief History of Doodles

Doodle launched its public sale in October 2021, which quickly gained a lot of attention. The founders of the project are Evan Keast, Scott Martin and Jordan Castro who previously worked on projects such as CryptoKitties, WhatsApp, Google and Snapchat.

Privileges holding doodles

Uploading a doodle allows investors to participate in coordinating the doodle community’s treasury. Its holders can vote for various activities and campaigns that benefit the community. The roadmap for the project is also determined by the owners.

Another advantage of holding a doodle is access to exclusive meetups for doodlers holders. One party has been hosted by Doodle holders, while many more are being coordinated in the future. This allows its holders to connect with other investors in the community while attending exclusive events.

How to buy Doodles NFTs

The cheapest doodle available is around $30,000. Although this price tag may be too expensive for most individuals, if you are interested in how to purchase these assets, here is the process.

Step 1: Open an online account.

Doodles NFTs are built on the Ethereum network. The first step to buying a doodle would be to get some ether. This can be done by opening an account on a trading platform such as Gemini or Coinbase. This process involves verifying your identity by selecting a form of government ID followed by a photo that matches the form of ID.

Once your account is verified on the trading platform, you can fund it with your preferred payment method. The most popular methods of financing are debit or credit cards as well as direct bank transfer.

Step 2: Buy or download the wallet.

In order to actually purchase NFTs from the OpenSea Marketplace, you will need a software wallet like Metamask to use your Ether. After purchasing your preferred NFT, you should send your Ether and NFT to a hardware wallet like Ledger for added security.

Best hardware wallet: Ledger

Ledger is one of the best hardware wallets out there at the moment. The device is basically an offline hardware wallet that also connects with Bluetooth and USB depending on whether you want to use your PC or mobile phone. Ledger also has an app to make it easier to secure, store, and manage digital assets.

Best Software Portfolio: MetaMask

Metamask is a decentralized mobile software wallet, which means that it does not hold your funds and everything is on the blockchain. The best part is that Metamask encrypts personal information and keys.

Once you have purchased ETH from an exchange, the next step is to send the required amount of ETH to your wallet. To do this, you have to log into your metamask account and copy your wallet address. Once you have copied the address, you can then paste the address into the ‘send’ feature of the exchange.

Ethereum transactions can take anywhere from 1 to 15 minutes to send your money. Sending ETH to your wallet from the exchange should have a small gas fee, although other transactions on the Ethereum network can cost more than $100 per transaction.

Step 4: Make the purchase.

Once your ETH is in your Metamask wallet, you can now head over to OpenSea. Connect your wallet to OpenSea and you can now buy your doodles. Some may have a “buy now” price if owners choose to list the NFT for sale. Otherwise, you can bid on any NFT you want, and the owner has the option to accept your bid.

Rewards section: Keep in mind that the individual accepting the transaction pays the gas fee. For example, if you want to purchase an NFT through the “Buy Now” option, you are responsible for the gas fee. If you place a bid on a lot and it is accepted, the owner will pay the gas fee.

Current crypto prices

At the moment, blue chip cryptocurrencies such as Bitcoin and Ethereum continue to fall as they built higher lows. The first quarter of 2022 will be a huge determining factor for the entire crypto market, as investors look for Bitcoin to make its reversal.

Is it worth getting a doodle?

Doodles NFTs, like many other projects, are completely speculative. The value behind these assets are all in the eye of the holder.

He finds a lot of value in society. If you buy a doodle, you will become 1 out of 10,000 members of an exclusive group. Others find value in perks such as private parties for doodlers, and some people really want to buy NFT for the art itself.

Buying doodles is worth it if the art and perks are valuable to you.

Benzinga has developed a specific methodology for classifying cryptocurrency exchange instruments. We prioritize platforms based on offers, pricing, promotions, customer service, mobile applications, user experience, benefits and security. For a comprehensive analysis of our methodology, please visit our cryptocurrency methodology page.

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