Doodles can be stored in a Metamask wallet. Metmask is a wallet with Android, iOS and various browser extensions available and supports over 5,000 cryptocurrencies, including Doodles NFTs. Metamask allows users to securely interact with exchanges such as OpenSea, which we will use to buy Doodles.
Metamask which has mobile and desktop versions is extremely convenient, but can also be less secure due to the way recovery phrases and private keys are handled.
Consider a Ledger hardware wallet if you are serious about cryptocurrencies. In our opinion, it is essential that you only install a desktop wallet on a clean, secure machine that has little or no internet access. Mobile wallets are often considered by some to be safer because malware is not as prevalent on mobile operating systems.
Scribbles can be stored in your Metamask wallet along with any other Ethereum NFTs you may have. Once you have sent some ETH to your Metamask address, continue to the next step.
BUY DOODLES ON OPENSEA
Because OpenSea allows you to buy Doodles in chain, it is important to understand the features and costs involved with buying Doodless. First, connect your Metamask wallet to OpenSea by clicking on the wallet icon at the top right of the page. Follow the prompts to log into OpenSea with your Metamask.
Once you are logged in, go to the Doodles page on OpenSea to browse the Doodles that are for sale. OpenSea will automatically filter to the “lowest minimum price”, which includes the current offers and sale prices of Doodless. To purchase a Doodles, click on the one you wish to buy and click “Buy Now”, OpenSea will guide you through a set of gas fees that must be paid before the Doodles is yours.
Once you have purchased a Doodles, it is automatically stored in your Metamask wallet and can then be put back up for sale or sent to another Ethereum address at any time. NFTs are just like any other ERC20 token you’ve sent in the past and can be viewed in Etherscan or accessed through other Ethereum-compatible wallets such as Trust Wallet and Math Wallet.
KEEP YOUR DOODLES SAFE
Certain NFTs can become very popular and therefore valuable overnight, so it’s important to store your Doodles safely. One of the best places to store NFT is in an encrypted hardware wallet such as those made by Ledger or Trezor. Hardware wallets use extremely secure encryption techniques to keep your NFTs and tokens safe from sophisticated network attacks or even simple phishing scams that users who keep their funds in a software or website wallet may encounter. Hardware wallets even allow users to recover funds via a mnemonic seed phrase in case the wallet is stolen, damaged or otherwise compromised.
Both Ledger and Trezor have entry-level models available for around $50-$60 USD, with the Ledger Nano S being the best overall performer in terms of features for the price. Both hardware wallets are capable of storing Doodles, keeping them offline and safe.
DOODLES MINIMUM PRICE TRACKING
If you want to trade Doodless or get the best price at the right time, sites like NFTPriceFloor can help track sales data, including the minimum price of popular NFTs like Doodles. The floor price of an NFT is equal to the lowest price at which it is listed. Note that due to the traits and rarity of individual Doodles, paying the “minimum price” does not always mean you will end up with a rare one.
In the image below we can see that the minimum price of Doodless can fluctuate over time just like any other cryptocurrency or stock. Volatility can increase due to the strict supply of some NFTs where, for example, only 10,000 are created.
Unlike regular cryptocurrencies, NFTs can be difficult to value because they often have no business model or token utility. Traders and investors in NFTs often equate them to pieces of art where the price can depend largely on the artist, community and hype at the time.
TRACK YOUR RARITY AND CLASSIFICATION OF DOODLES
When you are looking to buy a Doodle from OpenSea or any other NFT marketplace, it can pay to research the rarity of the Doodle traits you are buying, as this can have a big impact on the price someone will pay for it once those traits are rare on the open market. Sites like rarity.tools exist to help buyers and sellers value their NFT based on rarity and rank.
In the following image we can see Doodless sorted into a range of traits such as Background, Accessories, Hats, etc. Like card collecting, certain NFTs will have special traits that make them more valuable than others, which can result in a faster price appreciation or special abilities in games that make them useful.
Before paying a “rock bottom price” for a Doodles because it is the cheapest available on the open market, consider using grading tools to find a value for what you are buying.
JOIN THE DOODLES DISCORD / COMMUNITY
Discord has proven to be the chat/community application of choice for NFTs. Projects like Doodles will often post news or upcoming events on channels on their Discord and the app is a great way for artists to communicate directly with members.
Some of the most successful NFT traders and investors will use Discord as their primary way to discover new artists and talented teams. If you’re thinking of buying and NFT as Doodles, it’s best to check with their Discord community first to gauge activity, upcoming events, giveaways, drops, etc.
Visit the official Doodles Discord and join the community.