I paid $103 for an NFT cartoon pig on the largest digital token market online. Now I don’t know what to do with it.
The price is ridiculous, but its purpose became more understandable after I decided to buy my first NFT just for fun.
After buying cryptocurrency and transferring it to a digital crypto wallet, and going through roadblock after roadblock, I finally became the proud new owner of a 14 second cartoon pig on a background of flashing colors to the rhythm of electronic dance music.
And now I don’t know what to do with it.
So all I can hope for is that it goes up in value, but it still isn’t worth the absolute headache I had going through this friction filled process.
You have to go through a few steps before you can even start exploring NFTs
You can’t just go to OpenSea and buy an NFT. First, you need to open a crypto wallet and buy crypto.
I went with Coinbase Wallet. Many OpenSea users also opt for MetaMask, another of the dozen or so wallets supported by the platform. The process was surprisingly easy, the Coinbase Wallet app just allowed me to connect my bank account through my Chase Bank app.
Once I was verified and my bank account was connected, it was time to buy some crypto but in the Coinbase app, not the Coinbase Wallet app (confusing, I know.) Ether is the coin most popular virtual virtual used to make transactions on the Ethereum blockchain – based on OpenSea, so I opted for this.
But I couldn’t immediately use my ether outside of the Coinbase app. I had to wait seven days.
So I tried MetaMask to see if it would be faster.
I put in all my info, only for the browser to let me know that Texas (where I live) is not supported by Wyre, the payment platform used by MetaMask.
It’s time to use my ether on OpenSea! Should be quick, right? Not exactly.
I knew I had to connect OpenSea to my Coinbase wallet, but the OpenSea app didn’t show this as an option. The only options were MetaMask, Trust wallet, Rainbow and a field to enter an Ethereum address.
So… where is my Ethereum address?
At Google. A helpful Coinbase guide popped up in the search results, telling me to go to the Coinbase Wallet app, click Receive, then an address popped up for me to copy and enter into OpenSea.
That’s when I realized you can’t buy NFTs on OpenSea’s mobile app, you can only browse them like an art gallery (*the headache is intensifies.*)
The Verge had helpful comments on why this might be, like OpenSea perhaps not wanting to spit out the 30% share of in-app transactions that Apple and Google do through their app stores.
I opened OpenSea on my laptop and attempted to connect my Coinbase Wallet…only to have Google Chrome inform me that the Coinbase Wallet app was not compatible. This part may be my own personal error, but then I had to spend about an hour updating my computer and reinstalling Chrome to be able to download the extension.
At this point, I was exhausted. I had only bought about $50 worth of ether, so I looked for an NFT in that price range. Enter my delusional pig friend.
But it wasn’t as easy as shelling out 0.0179 ether, there was a so-called network fee worth $50 which made it more expensive to buy. So I had to go back to Coinbase, buy more ether, transfer it to my Coinbase wallet, and then buy the NFT.
In the meantime, I will count my blessings that I will never have to start this process from scratch again.