Celebrium® Collectors Welcome 42023-01-19T11:46:50-05:00

Welcome Celebrium® Collectors!

Now it's time to buy some crypto.

The Celebrium® Genesis Collection is on the Polygon blockchain. Their cryptocurrency is called “MATIC”. You will need a small amount of MATIC to cover transaction fees for the 4th and final step of this process.

There are many blockchains – Bitcoin, Ethereum, Wax, Polygon, etc. Each is its own network of computers that process transactions and record them to their blockchain database. They each also have their own “coins” or “currencies”.

 

Polygon is a blockchain that works alongside the Ethereum blockchain. It basically uses the security and processing methodologies of Ethereum, but because it’s alongside and not “within”, it uses less power, is faster, and has significantly lower transaction fees.

 

Why is that important? Because Ethereum is the original NFT compatible blockchain. Polygon is, for all intents and purposes, number two – for now.

 

We like to say that “Polygon is everything you love about Ethereum and nothing you don’t”. This is why we chose it from among many alternatives. And on this choice, we’re in good company.

 

Major corporations like Instagram, Disney, Stripe and Adidas are all working with Polygon for their crypto related projects.

 

The cryptocurrency of the Polygon network is called MATIC. This is because when Polygon first launched in 2017, they were called Matic. As the network grew, expanded its scope, and became more popular, they decided to rebrand as Polygon but kept the name MATIC for its currency.

Step 3: Add some MATIC to your Coinbase Wallet

MATIC is the crypto currency used by the Polygon blockchain network. We’ve chosen the Polygon network due to its speed, lower cost, lower energy consumption, popularity, and compatibility with the Ethereum network.
Things you’ll need ready:
Step 1: Log in to your Coinbase account.
Log in to your Coinbase account on your computer or phone.
Step 2: Click BUY
You’ll be buying MATIC which is the cryptocurrency of the Polygon Network, the blockchain network that the Celebrium® Genesis Collection is on.
Step 3: Search for MATIC or Polygon on the list of currencies.
Step 4: Purchase $5 or $10 worth of MATIC.

Depending on how many Celebrium® Memos® you own, you’ll need about $5 or $10 in Matic to cover transaction fees to move them to your new wallet.

Complete instructions for buying crypto with Coinbase are here: https://help.coinbase.com/en/coinbase/trading-and-funding/buying-selling-or-converting-crypto/how-do-i-buy-digital-currency.

Step 5: Sign in to your Coinbase Wallet

If your browser wallet has logged you out, you can sign in easily with your phone.

While signed in to the Coinbase Wallet app on your phone, click “I already have a wallet”, then “Link Coinbase Wallet app” in your browser extension.

Scan the QR code you see using the scanner in your phone’s Coinbase Wallet App (see images).

Going forward, you may find this the easiest way to log in to your browser extension.

Step 6: Send $5 or $10 in MATIC to your Coinbase Wallet

Complete instructions on how to send funds to your Coinbase Wallet are in the 2nd video here: https://www.coinbase.com/wallet/tutorials.

And on this page here: https://help.coinbase.com/en/wallet/managing-account/buy-crypto.

Using an exchange other than Coinbase for this may result in higher transaction fees and longer processing times.

Step 7: Confirm the transaction has gone through.
Even though the Polygon Network is very fast, it’s still blockchain and transactions can sometimes take a few minutes, especially during peak times. If this happens, don’t panic. Give it a few minutes and your funds should appear in your Wallet.
Click an image to enlarge it.
The MATIC / Polygon symbol looks like this:
Link Coinbase Wallet App looks like this:
Next screen looks like this:
QR Code screen looks like this:
The QR code scanner icon in the app looks like this:

Now you’re all set! The next step is to set up your Coinbase Wallet set up on your desktop or laptop so that you can transfer your NFTs to your wallet.

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