[Series] NFT 101 with Pikasso
Welcome to NFT 101! This series will give you an overview of NFT knowledge, from basic to advanced, learned through helpful infographics. The “3 Helps” of this series include helping save time, help educate users, and help empower creators.
💁 What is a Gas Fee?
Originating on the Ethereum Blockchain, gas is the fuel that powers the blockchain. A decentralized network allows anyone to service the network and receive rewards for validating the date before its added to the blockchain. Bas is the transaction fee for validators/miners to keep the blockchain updated. Gas fees can be quite variable, depending on the time of day, type of transaction, and what specific blockchain you are using.
To learn more extensively about Gas Fees and how to use them to your advantage, check out our previous article here.
🔥️ What are Airdrops and Bounties?
Airdrops and bounties are ways for crypto community members to earn extra perks and rewards for doing small tasks, or simply by being a member of their community.
Airdrop: These are usually free or easy to attain perks given to distribute tokens. Often a network will airdrop to all holders in the network, or all holders of a specific NFT. These are often done to generate excitement and PR for a new project. Airdrops are meant to be an easy reward given to the community, often for simple tasks like signing up to the Discord community or making a referral.
Bounties: This is a more task intensive way to get rewards, but usually offers much better perks. Bounties are tasks a crypto community needs done. Other bounties included bug bounties where community members can find network code issues or vulnerabilities and earn for reporting on them. These are usually complicated or high effort tasks, but offer much bigger rewards.
To learn more about Aidrops and Bounties and the best ways to earn rewards in your crypto community, read our previous article here.
💥 Conclusion
Web3 offers new and exciting ways for people to engage. Decentralized networks offer many opportunities to save costs and earn rewards, if you know where to look. Understanding Gas Fees and community perks is a great way to get started in a Web3 community that is low risk while providing real rewards for those who contribute.
What do you think about today’s post? Don’t hesitate to comment your thoughts and opinions. What subjects do you want to know more about? The upcoming post of this “NFT 101” series will be live next Wednesday. Stay tuned!
About Pikasso
Pikasso is a firebase infrastructure for NFT apps and games, creating an easier way for projects to create NFT, all on low-cost layer-2 ecosystems. Pikasso saves users the time needed by using a no-code platform to create NFT, with an improved UX/UI, and marketplace generator for each NFT project, all while bridging the gap between web2 and web3 content.
