how to buy a CNFT
Assuming you have a Cardano wallet with ADA in it, you can buy NFTs by following the creator's instruction on the relevant drop site.
It will look something like:
send 'X' amount of ADA to this 'Cardano wallet address'.
Before you hit SEND make sure you:
1. Are sending from a Cardano wallet.
Anything sent from an exchange will be lost for all eternity.
2. Are certain that these NFTs are legit and have the same policy ID mentioned by the creator.
3. Confirm the amount of ADA and address are correct because you will not be refunded if sent to the wrong address.
how to avoid a fake CNFT
Fakes abound all around the CNFT and NFT spaces in general.
So the best way to avoid is by checking the policy ID of any CNFT you are looking to buy.
Since asset names are not unique and can be easily duplicated, Cardano NFTs need to be identified by the policy ID.
This ID is unique and attached permanently to the asset. The policy ID stems from a policy script that defines characteristics such as who can mint tokens and when those actions can be made.
Many NFT projects make the policy ID of their NFTs publicly available, so anyone can differentiate fraudulent/duplicate NFTs from the original.
how to view a CNFT
into the search bar.
Now you can view them in all their glory!
Cardano doesn't have smart contracts yet but don't fret!
There are many avenues one can sell NFTs pre-smart contracts.
And to date, over $10 million worth of CNFTs have been traded on the Cardano blockchain!
Discord servers that offer an escrow & auction:
It is recommended to use an escrow or the marketplace for a transaction. Escrows will confirm whether or not a CNFT is original or a fake. The CNFT marketplace places verified checkmarks on assets to prove it is an original.
Always double, triple and quadruple check because on the blockchain there are no take backsies!