NFT stands for non-fungible token. They are digital and collectible assets powered by blockchain technology. Each piece, where it is a photo, a video, a gif, etc., is unique and one-of-a-kind in the digital world, and although they can be bought and sold like any other personal property, they do not have a tangible form in themselves. NFTs work as a certificate of ownership, proving that a piece belongs to the holder of the digital token.

The blockchain is a set of technologies that allow for a value or asset to be transferred from one place to another, without the help of third parties. It is on this blockchain that NFTs are stored, and it is well-known for its:

- Security, because the data transmitted is encrypted.
- Speed and efficiency, as transactions can be made with any user without middle men.
- Specific provision of being an auditable technology, i.e. any operation carried out with a token leaves a trace and can be tracked.

Ethereum is an open source digital platform based on blockchain technology. On the network, developers from all over the world create a variety of decentralised applications, such as security software, cryptocurrency wallets, games, voting systems and more. Due to it being a decentralised system, it is not controlled by any governmental or corporate entity, thus allowing information to be shared worldwide without being manipulated or modified by any third parties.

Ether (ETH) is the name given to its cryptocurrency and it can be used to make different commercial transactions that leave a record which is public.

Transactions carried out on this blockchain, such as the exchange of money, content, property or shares must comply with certain rules and these are executed in smart contracts, which are pieces of computer code that are executed if a pre-set condition occurs.

NFTs are stored in virtual wallets that allow you to exchange real money for the cryptocurrency ether (ETH) and which you can use to buy, sell or transfer your NFTs with other people. The NFT that WomanToday is gifting you will be transferred to the wallet address you provide. The most popular virtual wallet is MetaMask because it is the easiest one to use. You can download it here.

You can learn the steps to set up your MetaMask wallet through these tutorials:  

OpenSea is the largest NFT trading platform in existence. It contains more than 25 million tokens including collectibles, game items, digital art and other digital assets. Within this marketplace, transactions such as creating, selling, buying or exchanging digital pieces can be made with any user in the world. To do so, you only need to connect your virtual wallet.

More information on how to use OpenSea: Help Center.