October 05, 2022
The NFT market has gained a lot of traction over the past two years. Its sales volume went from a few million dollars a month to multiple billions of dollars. Many newcomers have entered the NFT space through stories of children making money through NFTs, and the assumption that the NFT space is still in its early stage.
With new people getting involved in the NFT space while having no experience with the blockchain and web3.0 world, a large portion of newcomers can get confused about what an NFT is or how it works. Even stranger for many is the fact that one cannot simply purchase an NFT with his credit card, checking out in the same way that one would with an online merchant. Purchasing NFTs requires multiple steps, which is more work than some might be willing to put in.
A big question that many have asked is: Where are NFTs stored? and can I buy NFTs without a wallet? The short answer is that after NFTs are purchased, they need to be stored in a crypto wallet, like Metamask, but we will further answer this question by explaining what an NFT is, why a wallet is needed to prove the owner of the NFT, and finally some third-party solutions that exist if someone wants to buy an NFT without using a web3.0 wallet.