Why Algorand?
At Algogems we believe Algorand is the future of finance. Algorand founder Silvio Micali has the best approach to the Blockchain Trilemma, in our opinion. @metapunks.world has a wonderfully written piece covering this exact topic. We agree completely, and the article is worth reading to the end!
What is GEMS?
Algogems, or GEMS, is building the most accessible, and decentralized Metaverse Marketplace on Algorand. GEMS accomplishes this through removing all barriers to entry for all Artists.
This post will serve as a great starting point to learn how to go from a Content Creator with an internet connection, to a profitable GEMS Creator, minting and trading NFTs.
What is an NFT?
NFT stands for Non-Fungible Token. That means it can’t be replaced with something else. It is a verifiable, and provable, unique creation. There will never be another creation with your unique hash. NFTs give you something that can’t be copied.
How do I create My Algo Wallet?
My Algo Wallet is a great option for your first Algorand Account. Jason Porter has a well written article to guide you through the process!
Protect your Seed Phrase, and be responsible with how it is stored. This gives full access to your Algorand Account through any Algorand Wallet. It is common to keep a backup, in case the original is lost or damaged.
Let’s go through an example using GEMS
1.Login to GEMS through algogems.io/autheniticate. This establishes a link between your Algorand Account (Algorand Wallet), and the Algorand Blockchain.
2.Upload an Image, or GIF(Audio,Code, and Video NFT support Soon™) to GEMS. This creates an IPFS database entry, preserving your creation on a decentralized database for eternity…
3.GEMS creates an ASA. This Algorand Standard Asset is the representation of your unique hash. This is the generation event of your NFT. On Algorand NFTs are ASAs.
4.List your NFT on the GEMS Algorand Metaverse Marketplace.
Click here to create your 1st GEMS NFT
New content covering: 2021 in Review, $GEMS Tokenomics, and GEMS-based Governance, all in development. Stay tuned, and subscribe, for exciting new info.
Thank you for reading, GEMS FAM 💎
Wilder Stubbs
GEMS Core Team Member
