++ learn the basics here ++ learn the basics here
++ learn the basics here ++ learn the basics here
++ learn the basics here ++ learn the basics here

Getting started

We want to make it as easy as possible for you to start your journey in the Metaverse. This is why we offer the BaseMes for free. Except for transaction costs that are imposed by the network itself and that are only a few cents, your journey starts absolutely free of any risks.

NFTs is the abbreviation for ‘non-fungible tokens’. NFTs are unique (therefore ‘non-fungible’) digital representations of assets. Since they are based on immutable blockchains, as long as the respective blockchain exists, the NFT will exist and cannot be altered. Don’t mistake NFTs for JPEGs only. Rather, JPEGs are only the visible outer layer and the value of the more successful NFTs lies in representing physcial objects or embodying access passes to real world events or special communities. Think of those NFTs as some sort of membership card or loyalty program. But one that looks so cool that you glue it to your forehead, or that you can trade on NFT marketplaces and make money with it. Accordingly, your MetaMe is not only a very cool looking avatar. This is just the outer layer. Some stacks represent real world benefits and that’s where it get’s interesting. In the end, there’s no ‘Right Click Save As’ to those benefits as they are immutably bound to the holding of the respective NFT.

Congratulations! Once the NFT has been minted, meaning that the acquisition has been approved by the network and it is registered in the immutable record on the blockchain that you are the owner of the NFT, the BaseMe can be viewed by a third party application. This can be the MetaMask app, if you used the MetaMask app to acquire the NFT (please note that the browser extension does not support viewing the NFT at this time) or OpenSea once you connect your wallet to it. We provide more information on OpenSea below.

You can compare the crypto wallet to your physical wallet in your pocket that holds your cash and cards. Crypto wallets are used to make transactions on blockchains. Similarly to traditional bank accounts, it allows you to send and receive your funds, whether Bitcoin, Ethereum or any other of the many currencies that exist. It can also receive and send NFTs. We don’t want to get into too much technical details here, but unlike traditional accounts, your funds are stored not in the wallet directly but on the blockchain only. Your wallet functions like some sort of keys that can unlock those funds from the blockchain. Each wallet comes with a pair of keys: a public and a private key. The public key similar to the account number or IBAN of your bank account. It can be shared with other people as they need this number to make transfers to you. Private keys on the other hand should never be shares with anyone. They allow access to your funds and can be compared to your online banking’s passwort.
As a broad distinction, there are paper wallets, hardware wallets and online wallets. Paper wallets are physical printouts containing a private and public key. Harware wallets store the private and public keys in hardware dongles that look similar to USB sticks and are generally considered to be a safe way of storing your assets as they are only online when connected to the computer. Online wallets are most commonly used to interact with websites and the blockchain and carry out transactions as they are the easiest to use and most accessible. To interact with websites and blockchain applications, you don’t have to enter a user name and password on the website anymore, rather, you self-host that information and only connect your online wallet to those websites and blockchain applications. The most common online wallet is MetaMask. To participate in the MetaMeShop, we recommend you to use MetaMask.

MetaMask is the most popular online wallet with over twenty one million monthly users in November 2021. As an online wallet, it allows you to interact with websites and blockchain applications. It is available as browser extensions and mobile apps. You can find a FAQ here: https://metamask.io/faqs/. For the MetaMeShop, we recommend you to use a browser extension as it is generally easier to use.

For interacting with blockchain apps or to purchase NFTs, you will need to fund your online wallet with the respective crypto currency. For the MetaMeShop, you will need MATIC for the time being, which is the currency used on the Polygon Network. The reason that we chose the Polygon Network is that it allows for very low transaction fees (we have covered transaction fees below).

First thing is connecting your MetaMask to the Polygon Network. The easiest way is to visit www.polygonscan.com on your Desktop computer and to click on “Add Polygon Network” on the bottom of the page. You have to confirm adding the network on your MetaMask.

For getting MATIC there are mainly two different ways. First, you can purchase MATIC with Fiat in MetaMask. This is the easiest and most direct approach. However, there may be some geographical restrictions based on your locations. You can also purchase MATIC on an exchange and send it to your MetaMask wallet. This is the most commonly used way. The most common centralized exchanges include Coinbase, Binance or Kraken. Due to anti money laundering regulations you will have to complete an onboarding process for your identity verification if you register an account there. Once you have purchased MATIC on your preferred exchange, you need to send it to your MetaMask wallet. Every exchange works differently, so please make yourself familiar with your preferred exchange.


Transaction fees such as gas are fees that you pay to initiate a transaction on the blockchain. Transaction fees are necessary because of the decentralized concept of the blockchain: There is no central authority such as a bank that owns servers on which transactions are executed and that pays for the operation of the servers (the money for which, of course, in the end comes from their customers). Rather, everyone that initiates a transaction on the blockchain pays the decentralized miners a transaction fee to reward the validation of the blockchain as they need to carry out a number of activities to ensure that the network functions correctly. In general, those activities can be distinguished in proof of work or proof of stake concepts (or a combination thereof), which we won’t dive into now. 

The more complex transactions are, the higher the transactions fees are as the activities to be carried out by the miners are more difficult and require more effort. Because gas fees on the Ethereum network are crazy high – minting of an NFT could easily cost you $120 in gas fees only – we decided to build the MetaMeShop on the Polygon network. Due to improvements in the efficiency, the same transaction only triggers transaction fees in the amount of a couple cents.
OpenSea is the largest NFT marketplace on the Ethereum blockchain, which has been backed by some of the most prominent investores in the world such as the venture capital fund Andreessen Horowitz. OpenSea is the go-to place to buy and sell NFTs. It integrates seamlessly with MetaMask. Since you can buy NFTs directly in the MetaMeShop, OpenSea is relevant for secondary sales, for instance when limited traits are sold out.
A lot of NFT projects don’t think too much about the IP, although this question is extremely important and should be taken into account when deciding to invest in a NFT project. The question is: What can you do with the art that is associated with an NFT after you purchased the NFT? With the MetaMeShop, we have decided to give you a very broad IP license. This means that if you buy a NFT that has been created by us, we give you a full-fledged personal and uncapped commercial IP license. This means that you can use the art not only for personal use but also make unlimited money with it for instance by creating your own merchandise or derivative NFT projects – all without paying us any royalty for this commercial use.

Since NFTs on blockchains are decentralized, the files associated with the NFTs should be store decentralized as well, no? We also think so, however, a lot of NFT projects don’t take this into consideration and store the files on their local server, creating the risk that the files are changed after you purchased the NFT. The MetaMeShop stores all files associated with the NFTs in a decentralized way using the InterPlanetary File System (IPFS). You can find more information on the IFPS under www.ifps.io.

NFT lingo

Apeing means investing in a project.

Alpha derives from the hedge fund community and means outperformance of insiders. In respect of NFT projects it refers to early and smart information on a project. For instance, you could tell your friends about some information on the MetaMeShop as follows: “Here’s some alpha for you, there’s an upcoming airdrop in the MetaMeShop that has not been disclosed yet, might be smart, to buy a Genesis Pack now.”

Bullish means having confidence that a project will be a success.
Cope The opposite of FOMO. Failing to buy an NFT because one is coping with one’s earlier error of not FOMOing at 1/10th the price. “I know Golden Snails are up 50x and heading to Christie’s, but I didn’t like the launch so staying out” “OK, LOL, cope”.
DAO means decentralized autonomous organization. Some NFT projects allow the collective of NFT owners to vote on the future direction of the project, such as the distribution of profits.
Degen means Degenerate, the self-given identity of the NFT community.
Diamond Hands means Hodling, i.e. that a NFT holder does not sell the NFT despite voluntary markets; the opposite is Paper Hands.
Doxxed Team means that the founders’ real identity has been revealed.
Dutch Auction refers to an auction of NFTs where the starting prices are high and get lowered over time. This is usually done to prevent gas wars.
DYOR means ‘Do Your Own Research’.
Flipping means buying an NFT at the mint event or on a secondary market for a low price and reselling it quickly to realize a profit.
Floor Price refers to the lowest available asking price on any secondary NFT marketplace such as OpenSea for a collection or a subset of the collection. For instance, the Floor Price for the MetaMe Genesis Pack might be 3 WETH but for the ultra rare Packs 20 WETH.
FOMO means ‘Fear of Missing Out’.
FUD refers to ‘Fear, Uncertainty & Doubt’.
Gas War refers to a crazy surge in gas prices because a lot of participants try to get transactions confirmed within a small window of time, which encourages users to set their gas prices higher to incentivize the miners to confirm their transaction with priority, thereby raising the required transaction fees beyond normal; gas wars sometimes happen if there is a hyped NFT mint and it is not unlikely to pay USD 300 only for the minting of a NFT. To prevent gas wars with crazy fees, the MetaMeShop is based on the Polygon network with extremely low transaction fees, even if there is a gas war.
GM means ‘Good Morning’, which is a friendly and very commonly used greeting within the NFT community.
GMI means ‘Gonna (financially) Make It’; the opposite is NGMI.
GN means ‘Good Night‘, which is very commonly used in the NFT community once you transfer to the real life.
HODL means ‘Hold on for dear life’ that can also be traced back to a typo in ‘Hold’ and is something that Paper Hands do.
How WL? is a common question asked in Discords and refers to how to get on the whitelist or the presale to get access to minting an NFT before its general public release. At the MetaMeShop we believe in a democratized approach and do not plan to utilize whitelists unless it is necessary for the functionality of the mint.
IRL means ‘In Real Life’, the world beyond Twitter, Discord and OpenSea. You can acquire stacks in the MetaMeShop that offer benefits IRL, such as discounts at your favorite retailer or access to special events.
IYKYK means ‘If you know you know’.
JPGs refers to NFTs (which, to admit, might be JPGs or GIFs) in an insulting way as people outside of the NFT community often times don’t understand that the picture file in successful NFT projects is just the outer layer and therefore saying things like “how can you spend money on just JPGs”. In the MetaMeShop, NFTs come with special benefits, that go way beyond a JPG and that cannot be ‘Right Clicked and Saved As’.
LFG means ‘Let’s F*ckin Go!’ and is typically used when you are hyped for a project to succeed.
Looks Rare is used ironically and refers to the rarity of NFTs which is often a driver of value and prices. Unironically, some traits in the MetaMeShop look crazy rare, don’t they?
McDonald’s is the NFT Community’s backup career plan in case of the NGMI scenario.
Mint refers to the act of publishing the NFT on the blockchain.
NGMI means ‘Not Gonna Make It’, in which scenario, we will apply to McDonald’s.
NFA means ‘Not Financial Advice’, and is something our lawyer recommended us to tell you.
OG originates from the 1990s hiphop culture and means ‘Original Gangster’, referring to people who have been involved in the NFT community since the early days.
Paper Hands means that a NFT holder sells the NFT very early, for instance to flip the NFT or because of voluntary markets; the opposite is Diamond Hands.
PFP Project refers to a NFT projects focused around providing an avatar in the metaverse – and, before this exists, a profile picture for use on social media platforms such as Twitter, Instagram and Discord.
Probably Nothing is ironically stating that there is “probably something” behind NFTs.
POAP means ‘Proof Of Attendance Protocol’, which enables a digital token that proves you attended an event. Can you imagine your MetaMe getting a new stack once you finished the online university class?
Right Click Save As refers to people outside the NFT community thinking that downloading an image from a web browser means that NFTs are obsolete, not realizing that it is not about the JPG but in fact about what comes with the true ownership of the associated NFT such as discounts or events.
Rug Pull refers to fraud or scam, when a NFT project receives funds but the team disappears and does not provide the promised NFTs. As in the MetaMeShop you start with the free mint of the BaseMe, there is no rug we could (theoretically) pull.
Sweeping the Floor refers to the act of purchasing NFTs on the secondary market at the lowest prices.
To The Moon is typically used when you are hyped for a project and want its value to rocket to the moon.
WAGMI means ‘We’re All Gonna (financially) Make It’, so we don’t have to McDonald’s; opposite is NGMI.
Whales refers to high net (crypto) wealth individuals who are able to purchase large amounts of NFTs or cryptocurrency in one go and therefore can influence the valuation.
Wen Lambo? or When Lambo? Is typically used when you are hyped for a project and already ask when you can buy a Lamborghini with the profits. As a Diamond Hand, this, however, is not a question.
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