#Non fungible token

[nosazena]

Nosazena 6

Experimentation in geometric shapes continue with more on the way. Not to mention something for my followers to enjoy!

Most problems I work on are related to geometric structures on surfaces and their deformations. Maryam Mirzakhani

Nosazena 6

[goodjohnjr]

NFT Bros In 2024

NFT Bros In 2024 What Is It? The YouTube video NFT Bros In 2024 by the YouTube channel Cer Spence: NFT Bros In 2024 Continue reading NFT Bros In 2024

[miaqc1]

NTF WTH?

I was looking for NTF Art one day by curiosity and... you can only buy them with crypto, not "real" money? And the price is over 400$ for one image? WTH? I could hire a artist for less to get what I had seen. Simple characters portraits, head to shoulders. 😓

[adscrypto]

What is crypto NFT , Non Fungible Token.

In recent years, the world of cryptocurrency has experienced a substantial change since the beginning of Non-Fungible Tokens (NFTs). These digital assets have taken the art and collectibles market by storm, revolutionizing how we perceive ownership and value in the digital realm. If you’re a crypto enthusiast looking to dive into NFTs or simply curious about this interesting phenomenon, you’ve come to the right place.

Understanding Non-fungible Tokens (NFTs)

NFT Stands for non-fungible tokens. Non-fungible means not replaceable by something identical. Non-fungible tokens are digital files that users cannot replicate. Non-fungible tokens (NFTs) have been tokenized via a blockchain algorithm First used in the Ethereum blockchain. NFT’s standard or type of template that ERC 721 NFT standard first used in 2017. NFT stands for “Non-fungible Token. It is a unique digital asset representing ownership or proof of authenticity for a particular item or content. It’s important to note that the subject cannot be treated like interchangeable and fungible cryptocurrencies like Bitcoin or Ethereum. NFTs are one-of-a-kind and cannot be exchanged on a like-for-like basis.

The beauty of NFTs lies in their ability to leverage blockchain technology. Each NFT is recorded on a blockchain ledger using intelligent contracts on platforms like Ethereum. Ensures transparency, security, and immutability — key features that make NFTs a game-changer in various industries.

How NFTs Operate: Use Cases and Applications

Non-fungibles are created using blockchain technology. A decentralized digital system that records all transactions and information. Each NFT has its unique mathematical code that makes it stand out. That data is stored on the blockchain, making replicating it impossible. Also, this data makes it easy to transfer tokens between owners and verify ownership. The unique hash code and metadata make it simple to ensure that something is authentic and that the rightful owner is doing the transaction.

NFTs hold a value set by the creator, and people can buy NFTs like any other asset, and the ownership information is kept on the blockchain. NFTs vary in price, but some can sell for millions of dollars. Prices change based on demand and quantity and can be bought and sold just like other physical assets. NFTs are digital representations of support; they can also represent real things like art and real estate. Some users think that tokenizing real-world assets in this way will make buying, selling, and trading them more efficient and might even make fraud less likely.

Types of NFT and top NFT projects and many more information about NFT . know more : https://adscrypto.io/what-is-crypto-nfts-non-fungible-token-explained/

[probablyasocialecologist]

“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin. In practical terms, that means 95 percent of NFTs wouldn’t fetch a penny today — a spectacular crash for assets that reached a trading volume of $17 billion amid a frenzied bull market in 2021. The study estimates that some 23 million investors own these tokens of no practical use or value.

[...]

The “Dead NFTs” report observes that the nearly 200,000 NFT collections “with no apparent owners or market share” identified by the study caused carbon emissions equivalent to the annual output from 2,048 houses, or 3,531 cars.

[baypiyasa]

[latestcryptoupdates]

NFT : EA Plans to Integrate NFT into FIFA and Madden Games

NFT – Non Fungible Token : EA Sporting activities in addition to Nike presented the other day that, at some time in the “future”, computer game like FIFA as well as additionally Madden will consist of mix with.Swoosh, which Nike calls its “brand-new digital location experience”. Read our blog, https://latestcryptoupdates.com/nft-ea-plans-to-integrate-nft-into-fifa-and-madden-games/

[geekersmagazine]

Tips for NFT Trading

Over the last few years, NFTs have taken the world by storm; they’re all the rage, with celebs and businesspeople getting involved. But what are they? The concept is fairly simple; NFTs are unique digital assets stored on the blockchain, making them incredibly attractive to investors, as they’re secure, authentic, and completely unchangeable. They can also come in the form of digital art, music,…

[nonfungible-token]

Non-Fungible Token (NFT): What It Means and How It Works

First off, let’s define what a “Token” is.

According to TokenCard, a “Token is a digital representation of ownership which you can exchange for goods and services, or hold onto as an investment.”

While there are numerous digital tokens in existence, NFTs are a slightly different animal.

In simple terms, an Bhero.com NFT is a representation of ownership.

By definition, it can’t be owned by more than one person.

If it could, then it would be a fungible token.

And by fungible, we mean that you can change one token into another token and get the same amount of value for both.

If that sounds a lot like Bitcoin, that’s because it is.

Bitcoin and NFTs are cousins, as their origins date back to the early days of the internet.

Both cryptocurrencies and NFTs are based on the idea that you can change one digital token into another digital token, and the exchange value will be the same.

However, while NFTs are a different animal, they are not completely unique in the cryptocurrency world.

The first-ever NFTs was created by Satoshi Nakamoto in 2009 with the birth of Bitcoin.

These were called the Bitcoin “Mining” Token (BTM), and it was used by miners as a mechanism for keeping track of their earnings from the Bitcoin network.

In reality, it was also used as a way to control the size of the Bitcoin network, and how fast new transactions would be added to the Bitcoin ledger.

The amount of BTM that could be generated and transferred was also limited to a very specific quantity.

These tokens had a finite lifespan and were eventually replaced by Bitcoin as the primary way to control the size of the Bitcoin network.

However, BTM-like tokens were used as mining rewards and transaction fees for a very long time.

In 2013, Vitalik Buterin introduced Ethereum to the world.

Ethereum was unlike any other cryptocurrency before it, and its success was predicated on its smart contract functionality.

Smart contracts are the future of business, allowing for real-world contracts to be written in code that executes automatically, without the need for a middleman.

Ethereum has become the platform for numerous Initial Coin Offerings (ICOs) and token sales, which have raised billions of dollars in capital for their respective projects.

But there was a problem: Ethereum tokens themselves were not fungible.

This is where the idea of NFTs was born. In the same way that traditional blockchain assets are not fungible, the same is true of tokens.

There were NFTs based on Ethereum, but they weren’t really based on Ethereum.

Ethereum and NFTs have a lot of common ground.

They both use blockchain technology to solve real-world problems, and both tokens provide incentives for users to participate in their respective networks.

However, there are some fundamental differences that separate Ethereum tokens from NFTs.

A “Fungible” token must have the same value across multiple markets, where it can be exchanged freely without any loss or gain.

In this sense, it is like a physical asset.

There is only one physical “dollar”, it’s value is fixed, and it is able to buy things all around the world.

In contrast, an NFT token must be able to move freely between different marketplaces, but can still have a specific value tied to the market.

When you exchange one token for another, it should be a true reflection of the value you are receiving in return.

[nosazena]

Start Investing in #BoredApes NFTs with as Little as $1 on Morpher

Beat the market and start investing in #BoredApes NFTs with as little as $1 on Morpher! The future of investing is here - join the movement today and get in on the action.

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[beurich]

NFTs auch 2023 relevant?

NFTs auch 2023 relevant?

Non fungible Token sind keine neue Erfindung der letzten ein, zwei Jahre. Vielmehr existieren sie bereits seit einem Jahrzehnt. Wie steht es um die Zukunft von NFTs? Quelle: Andrei Metelew Non fungible Token sind keine neue Erfindung der letzten ein, zwei Jahre. Vielmehr existieren sie bereits seit einem Jahrzehnt und die ersten NFTs wurden dabei bereits im Jahr 2012 auf der Bitcoin-Side-Chain…

[retrocanvas]

Non-Fungible Tokens (NFTs) Explained: Everything You Need To Know!

With #NFTs, you truly own all of your data, but you also have the freedom to allow any application you want to use that data — so that in the future, you could truly live in a Ready Player One #metaverse. Read more here.

[gainercryptocom]

Caw Crypto Price Prediction: Unveiling Future Market Trends

[fatehavtarsingh]

"Cloud.Memory" 2023 by Fateh Avtar Singh

from the “Reboot” collection

“With love for art, respect for artists and collectors, when every day for development, self-improvement and work”

link to the item܄ OpenSea

[probablyasocialecologist]

NFTs are one of many failed attempts to monetize the internet; which, in this case, meant creating a system of exchange value around aspects of internet culture which had previously just existed online for free as e.g. memes. That’s why so many NFTs look like what would happen if tech bros started making horny Sonic DeviantArt graphics. I guess that’s just what Bored Ape-style graphics are minus, crucially, the horniness. In any case, while fandom aesthetics and communities are considered cringe, it’s been easy enough for NFT artists to cherry-pick these fan visuals and turn them into private property, giving them the patina of culture, if not the social capital of “good taste.” And, like all forms of gentrification, the fandom to NFT pipeline performs a political function as well, defanging former sites of counter-hegemonic, or at least ambivalent, socialization.