What is an NFT?
An NFT is, in essence, a collectible digital asset, which holds value as a form of cryptocurrency.
A lot like how art is seen as a value-holding investment - so are NFTs, except they exist only in the digital realm.
Wait, what's a cryptocurrency?
Woah, someone didn't do their homework.
A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services. Cryptocurrencies work using a technology called blockchain, which is a decentralized technology spread across many computers that manages and records transactions. This makes it nearly impossible to counterfeit or double-spend - so a large part of the appeal of this technology is its security. Fable and it's components exist on a blockchain network called Ethereum.
What is Ethereum?
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain.
What is MetaMask?
MetaMask is a cryptocurrency wallet used to interact with the Ethereum blockchain. All purchases on Fable are processed through MetaMask.
How do I use it?
To purchase a Character Card, you will need to create a MetaMask wallet. Once you identify the NFT you wish to purchase, you can seamlessly make this transaction through Metamask. This wallet will need to be loaded with MATIC, which you can buy at your local exchange.
Where does the money go?
Fable does not receive any of these funds.
There is a small commission charged by OpenSea and a "gas" fee which is the cost of powering a transaction on the Ethereum network.
The remaining funds are reserved for the reason we started Fable: Help India fight the Covid emergency