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An digital collectible, or NFT, is a type of digital asset that represents ownership of a unique item, such as a piece of artwork or a collectible. NFTs are stored on a blockchain, which allows for the authenticity and ownership of the asset to be verified.
To purchase the NFT, you will need to sign in with a Universal Profile and potentially own some LYX to make the transaction on the LUKSO blockchain.
Universal profiles are smart contract-based accounts. They can serve as your digital wallet, but also as the public profile that you use to interact with decentralized apps. They provide the flexibility needed to create better user experiences than key-based wallets like Metamask.
LSP8 Identifiable Digital Asset as well as LSP7 Digital Asset are new NFT standards that are more flexible, very extensible, and designed for the next wave of NFTs. They are often referred to as NFTs 2.0