I’m still a newcomer to crypto and this article might help other newcomers find some resources, educational tips from my journey. Christmas 2020 I got my first Ledger Nano X ‘cold’ wallet with the goal of using it to store ADA, the native coin for Cardano blockchain. It was the beginning of my journey into the crypto space, and before I had even joined an exchange, or held any crypto in my own wallet, other than Robinhood, or Webull. So, it took me months to finally hold any ADA, but after finally buying bitcoin on Cash App, transferring to Kraken, I was able to trade BTC for ADA (and some Dogecoin), and send to my Nano.
With a little help from The Crypto Dad and Kaizen Crypto Youtube channels, Daedelus wallet, Ledger Live, I now have my little stash of ADA staked to KOBE stake pool, a little stash of Dogecoin, and the keys are hopefully held safely in my cold wallet!
So, regarding NFTs, namely Kaizen NFTs on the Cardano blockchain. They already had a first edition NFT drop and are getting ready to have another. How, you say? Because so far there are no smart contracts for ADA? So, for now, it’s largely a matter of trust and sending and receiving of ADA tokens between the parties wallets. Some side benefits to being staked to a good pool, like the Kaizen Crypto Pools, are the incentives and giveaways by the stake pool operators to the people staking with them. As is the case with Kaizen, who did a recent token share to stake pool holders, me included, was a lucky recipient of 10 Kaizen tokens!! Thanks Pritesh!! 🙏
So, a heads up to other NFT enthusiasts, be it collectors or developers, keep and eye on projects emerging like Kaizen NFT, and development frameworks like Reach. Things could hot up pretty fast in the next year or so. You’ll want to have your wallets set up to take part, and have a cold wallet, ready to store your asset keys safely offline.
I hope this article made sense and provided some helpful links and information. Things seems to be getting easier! If you like my content please feel free to click some ads, follow my referral links, donate some crypto or buy me a coffee☕, cheers!