Buy Nyan Cat NFTs – How to Buy Nyan Cat NFTs 2022

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It would’ve been almost impossible to make it through the early 2010s without seeing the infamous Nyan Cat plastered all across the internet. Now that we’re in the 2020s, not much has changed. Although the frequency has decreased, Nyan Cat is still very much a part of internet culture.

Therefore, it should come as little surprise that the Nyan Cat, the trend of yesteryear, has been combined with NFTs, the current big thing on the web. Despite what you may think, this collection has done rather well, leaving many wanting to learn how to buy a Nyan Cat NFT for themselves.

If that sounds like you, you’re in the right place! We’ve broken down precisely how to buy a Nyan Cat NFT for yourself, as well as the best marketplaces to make your purchase. So, without further ado, let’s get started.

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How to Buy Nyan Cat NFTs? – A Quick-Step Guide for 2022

Although the basic concept of NFTs is fairly easy to grasp, it can be much harder to put into practice. There are plenty of guides out there. However, most are unnecessarily long or full of misinformation.

To solve this issue, we’ve created this quick-step guide to provide our readers with a simple way to learn how to buy a Nyan Cat NFT. If you’d prefer a more in-depth tutorial, you can find that toward the bottom of the article. 

  • Step 1: Open and Verify eToro Account: Before making your first purchase, you’ll need to create and verify an account with eToro. This is because you’ll need ETH to purchase the NFT, and eToro is the best place to get your hands on some. Just head over to eToro.com, click “Join Now, and enter your details. To verify your account, you’ll need a photo ID and proof of address.
  • Step 2: Deposit Funds: Once you’ve created and verified your eToro account, it’s time to deposit some funds. To do this, just click on “Deposit Funds”, enter the amount needed for your purchase (bare gas fees in mind), and click “Deposit”. The funds will arrive in your account promptly.
  • Step 3: Buy Ethereum required to buy NFTs on eToro: After you’ve funded your account, you’re ready to buy some Eterheum. Type “ETH” into the search bar, press “Trade”, enter the amount of ETH you want to purchase, and hit “Open Trade”. Again, it’s important to get enough extra ETH to cover gas fees.

67% of retail investor accounts lose money when trading CFDs with this provider.

  • Step 4: Download MetaMask and send Ethereum to MetaMask: Now that you’ve stocked up on some ETH, you’ll need to download and set up a MetaMask wallet. Proceed by heading over to MetaMask.io and get either the browser extension or mobile app. After setting up your wallet, ensure it’s set to the Ethereum network and withdraw your ETH from OpenSea.
  • Step 5: Connect to an NFT marketplace and buy the NFT: Once your wallet has been set up, you’ll need to connect it to OpenSea by clicking on the wallet icon in the top right corner and selecting MetaMask. Once connected, search for the NFT you want and either buy it or leave a bid. Once you’ve completed the purchase, the NFT will be sent to your wallet. You can view it from the “Profile” section of your OpenSea account.

What is a Nyan Cat NFT?

An NFT is a non-interchangeable, verifiable, digital asset. They can be created on a range of networks, including Ethereum, Solana, and Hathor. For the most part, NFTs are digital art or collectables. However, they can also be in-game items or music. If you’d like to learn more about NFTs, we’ve got a full guide explaining NFTs.

Born from a massively popular internet meme, the Nyan Cat NFT collection was birthed by the original creator of the renowned internet video. The NFT collection was created to immortalize the meme and give fans the opportunity to own a tokenized part of internet history. It was created on the Ethereum network and therefore can be purchased from the most popular ETH marketplaces.

The initial Nyan Cat NFT to be created and auctioned sold for a whopping 300 ETH – around $750,000 today. Additionally, rapper Snoop Dogg partnered with Nyan Cat to release “Nyan Dogg,” a collection of Snoop-inspired Nyan Cat NFTs.

Where to Buy Nyan Cat NFTs – Mini Marketplace Reviews

While you might be dead-set on buying a Nyan Cat NFT, selecting the marketplace you want to purchase the collectible on is still a big decision. It’s important to consider several factors including, security, ease of use, the features offered by the marketplace.

Unfortunately, filtering through all the noise can be rather difficult, so to make things as simple as possible for readers, we’ve taken the time to review the best marketplaces to buy Nyan Cat NFTs:

1. OpenSea – Overall Best Nyan Cat NFT Marketplace

Launched back in 2017, OpenSea was an NFT marketplace pioneer. Even today, they still retain the title of most popular NFT marketplace in the world. Considering the rate at which the space is growing, this is certainly an impressive accolade.

OpenSea supports NFT collections built on both the Ethereum and Polygon networks, providing options is always a bonus. As OpenSea was the platform the Nyan Cat NFT collection originally auctioned on, it seems it’s the go-to platform for those looking to snag a piece of the collection.

OpenSea makes collecting NFTs a fun, intuitive, and enjoyable experience. You don’t need much prior experience in the space to get to grips with the platform, making it rather beginner-friendly. Both the Nyan Cat and Nyan Dogg NFT collections are available on OpenSea, meaning you’ve got plenty of choices when it comes to choosing which Nyan Cat NFT to buy.

In a big move for the NFT community as a whole, OpenSea became the first marketplace to offer gas-free buying and selling; something revolutionary when you consider how steep gas fees can be. This allows buyers and sellers to get better value for money and makes the entire transaction far more streamlined for both parties.

Additionally, OpenSea has a help center that can answer the vast majority of questions you might have about the basics, minting, and investing in NFTs.

Overall, OpenSea has retained its title of the biggest NFT marketplace for a good reason. It is simple to use, and I’m sure that regardless of your skill level, you’ll be able to quickly get to grips with the platform fairly quickly. It supports most major NFT collections and wallets. This allows you to focus on more important things, like finding the perfect NFT. If you’re ready to buy a Nyan Cat NFT, then it doesn’t get much better than OpenSea.

Pros

  • Multi-chain
  • Gas-free transactions
  • Help center

Cons

  • No live support

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Rarible – Best Alternative Platform to buy Nyan Cat NFTs

As you would expect from a rapidly growing industry, since OpenSea’s creation in 2017, several competing NFT marketplaces have also risen to prominence. One such platform is Rarible. By supporting the Ethereum, Tezos, and Flow networks, a wider variety of NFTs can be bought and sold. Additionally, it’s a self-described community-owned platform, meaning the marketplace’s users can dictate the company’s future.

To help ensure you’re getting the best deal possible when buying your Nyan Cat NFT, Rarible has made sure to include plenty of filters to narrow down your searches.

The platform’s proprietary $RARI token is a governance token designed to allow its holders to vote on new features or the direction of the platform. This shows just how much Rarible cares about both its users and their experience on the platform. More importantly, it allows the developers to implement the features that real users actually need and want.

Rather than simply adding gimmicks for the sake of publicity. Currently, the RARI token is trading for $9.34, down just under 50% from $18 start of the year highs.

If you’re looking for an NFT marketplace that focuses on user experience and community then Rarible is likely the best marketplace for you. It’s evident that they’re making a constant effort to implement useful features and improve the platform, which will likely drastically improve the longevity of the platform in an ever-changing industry.

Pros

  • Multi-chain
  • Governance token

Cons

  • Slightly more confusing than other marketplaces

67% of retail investor accounts lose money when trading CFDs with this provider.

3. Foundation – Best Upcoming Platform to Buy Nyan Cat NFTs

Since its release in February 2021, Foundation has become quite the sensation helping creators to earn more than 50,000 ETH or $120 million. A good deal of this success can be attributed to Foundation bringing creators and collectors together, allowing both to prosper.

Foundation only supports Ethereum-based collections, so if you want to buy anything on this platform, you’ll need to stock up on ETH ahead of time.

Anyone is able to browse Foundation. However, if you want to mint a collection on the platform, you’ll need to be invited by a member of the community. This provides the platform a greater amount of exclusivity. Luckily, if all you want to do is buy a Nyan Cat NFT, the process is quick and easy.

Much like the NFT art platform Super Rare, Foundation promotes both new artists and NFT collections, allowing everyone to get a fair opportunity to share their work. You can browse through pages of trending NFTs, helping you find new collections with lots of potential. You can filter by day, week, or month, allowing you remove the noise and paint a clearer picture of a certain collection’s economy.

All in all, Foundation is an excellent up-and-coming NFT platform. It’s extremely intuitive and the design timeless. It seems to contain almost an equal blend of artistic and meme-based NFTs, making it an excellent fit for the Nyan Cat NFT collection.

If you’re wanting to buy a Nyan Cat NFT but aren’t a fan of the traditional platforms like OpenSea, Foundation could be exactly what you’re looking for.

Pros

  • Exclusivity
  • Interface
  • Promotion of new collections

Cons

  • Short track record
  • Single network (Ethereum)

67% of retail investor accounts lose money when trading CFDs with this provider.

Benefits of Nyan Cat NFTs

While you would be forgiven for thinking NFTs are just digital images, there’s more than initially meets the eye. In general, the NFT market is very young.

Therefore, it could be a great idea to purchase popular NFTs in the current market conditions, with the goal of earning a profit. That being said, the success of this method will depend heavily on the future success of the industry. 

Collectible

People like collecting things. This has been true for thousands of years. The only thing that’s changed is the items we choose to collect. In the 90s it was Pokemon cards or Beanie Babies, today, we have verifiable, blockchain-based collectible art.

Many people in the space believe that NFTs could be the future of art and considering the problems they solve (fakes, storage, etc) we can’t see why not,

Celebrity Partnerships

Influencer marketing is an undeniably powerful tool for promotion. With that said, a post from a celeb is one thing, but an entire collaborative NFT collection is another. Especially when you bring legendary west-coast rapper Snoop Dogg into the equation.

Even if by accident, the Nyan Dogg NFT collection helped bring many people into the space by showing the world that even Snoop Dogg is an NFT fanatic.

Iconic

For anyone that lived through the early 2010s, it would’ve been hard to exist without seeing the Nyan Cat video or the hundreds of remixes it influenced. As such, it’s wonderful to see the relevancy it still holds today.

Anything this ubiquitous is likely to hold or increase in value through nothing other than speculation and fond memories. If you were frequently on the web in the 2010s, then there’s no better momento than buying a Nyan Cat NFT.

How to Buy Nyan Cat NFTs – Full Guide for 2022

NFTs are a new and rapidly developing industry. Meaning, it can be quite difficult to keep up with all the new developments in the space. This can lead to difficulty and confusion from beginners trying to get their foot in the door.

However, here at Economy Watch, we believe everyone should have easy access to tools like NFTs and cryptocurrency. This is why we’ve created this in-depth guide, detailing exactly how to buy Nyan Cat NFTs for beginners in 2022:

Step 1: Open an Account with eToro & Verify Account

Before you’re able to buy a Nyan Cat NFT, you’ll first need to set up an account with a regulated, trustworthy broker. We recommend eToro, as they offer commission-free trading, a practice account, and excellent security. Simply head over to eToro.com, click “Join Now” and fill in the required fields.

Because eToro is a regulated platform, you’ll also need to verify your account before depositing any funds. All you’ll need at hand are a photo ID (passport, driving license) and proof of address (utility bill, bank statement). 

Step 2: Deposit Funds

After creating and verifying an eToro account, you’ll need to load it up with some funds. If you’ve got your eye on a specific NFT, now is a good time to work out how much fiat you’ll need to cover the purchase + gas fees. It’s advisable to look up the current gwei rate as it can vary wildly.

Once you’ve worked out how much you need to deposit, click on the button marked “Deposit Funds”, enter the amount you want to invest, and press “Deposit”. The funds will arrive in your account within a few minutes. However, first-time transactions do take a little longer.

eToro supports deposits using either a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill).

Step 3: Purchase Ethereum required to buy Nyan Cat NFTs on eToro

After you’ve deposited the funds needed to buy a Nyan Cat NFT, you’ll need to purchase some Ethereum. If you’re eyeing up any NFTs on a different network, now could be a good time to stock up on any NFT crypto you might require.

Just type “ETH” into the eToro search bar, press “Trade”, enter the amount of ETH you want to purchase (again, please consider gas fees), and lastly, press “Open Trade”. You can view your purchase from your portfolio. Additionally, eToro supports a wide variety of NFT stocks if you’re looking to take advantage of the dip and diversify your holdings.

67% of retail investor accounts lose money when trading CFDs with this provider.   

Step 4: Download MetaMask & Send Ethereum to MetaMask

Following your Ethereum purchase, you’ll need to download and set up a crypto wallet. We recommend MetaMask as it’s the go-to platform for most people wanting to connect to NFT marketplaces or web3 applications.

Head over to MetaMask.io (watching out for phishing sites), download either the browser extension or mobile app, and follow the on-screen instructions. Once your wallet is set up, ensure you’re on the Ethereum network and withdraw your ETH from eToro to MetaMask. 

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Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
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Step 5: Connect to an NFT marketplace

Now that you have a MetaMask account loaded with ETH, you’ll need to connect it to your NFT marketplace of choice. We recommend OpenSea. You can do this by clicking the wallet icon in the top right, selecting MetaMask, and confirming the transaction from your wallet.

If the connection was successful, you should be able to see your wallet address from your OpenSea profile.

Step 6: Buy Nyan Cat NFTs

Lastly, comes the fun part, buying a Nyan Cat NFT. Simply type the name of the NFT you want to purchase into OpenSea, select the relevant option, and then you can either submit a bid or buy the NFT for the listing price.

After you’ve made the purchase and sent ETH to the seller, the NFT will be sent straight to your MetaMask wallet. You can view your new Nyan Cat NFT from your OpenSea portfolio. In case you want to sell your NFT in the future, it’s worth keeping in mind that it’s stored in your MetaMask wallet.

How to Buy Nyan Cat NFTs – Conclusion

The Nyan Cat NFT collection was a success, it sold out quickly and still commands a high-resale value today. This marks a big win for the creator of Nyan, Cat Chris Torres, along with any other digital artists wanting to better monetize their work.

With that said, Chris wasn’t the only winner. Anyone that purchased the collection got their hands on a piece of verifiable internet history.

If you’re ready to take the plunge and buy a Nyan Cat NFT, then you’ll first need to head over to eToro and stock up on some Ethereum, once you’ve done that, you’ll be free to buy NFTs to your heart’s content. 

1
$50
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10
    

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About Jay Leonard PRO INVESTOR

Jay is a UK based cryptocurrency expert, specialising in fundamental analysis and medium to long term investments. He has a great deal of hands on experience in the space and a current focus on institutional adoption.