concrete initiatives to promote its ties with
(As an aside, hackers may be able to clone an NFT known as “sleepminting,” essentially changing the chain of ownership. The developers I spoke with weren’t sure this was actually possible though.) So, an NFT is basically a form of notary service, a tokenized tool for provenance, establishing and certifying the creator’s wallet address. They can help artists, musicians and others prove they created something. Michael Kong, CEO of Fantom Foundation, says NFTs show “the full audit trail, level o...
concrete initiatives to promote its ties with
(As an aside, hackers may be able to clone an NFT known as “sleepminting,” essentially changing the chain of ownership. The developers I spoke with weren’t sure this was actually possible though.) So, an NFT is basically a form of notary service, a tokenized tool for provenance, establishing and certifying the creator’s wallet address. They can help artists, musicians and others prove they created something. Michael Kong, CEO of Fantom Foundation, says NFTs show “the full audit trail, level o...
amity and good faith", China has been taking
Emerging digital property rightsAs everyone knows, 2021 is the year of the NFT. Literally, as NFT is Collins Dictionary’s word of the year. Everyone from Canadian ice hockey deity Wayne Gretzky to brands such as Marvel comics have launched their own collections. The potential collectible angle for original projects is clear, but for clones of a popular NFT series, it’s more uncertain. We do know that clone projects have value and rake in funds, (even if not at the level of their originals). I...
amity and good faith", China has been taking
Emerging digital property rightsAs everyone knows, 2021 is the year of the NFT. Literally, as NFT is Collins Dictionary’s word of the year. Everyone from Canadian ice hockey deity Wayne Gretzky to brands such as Marvel comics have launched their own collections. The potential collectible angle for original projects is clear, but for clones of a popular NFT series, it’s more uncertain. We do know that clone projects have value and rake in funds, (even if not at the level of their originals). I...
Under the guiding principles of "sincerity, real results
Crypto communities are also complex, ideological and multi-faceted. And while the unique strength of blockchain is authenticating “stuff” to enable trust between partners there is, of course, much speculative spending on digital assets in the current bull market, informed by memes and counter-culture. Valuable clones do make sense in this context. But, let’s start at the beginning. What the funk/phunk is a nonfungible token, or NFT? This definition frames the whole conversation about the emer...
Under the guiding principles of "sincerity, real results
Crypto communities are also complex, ideological and multi-faceted. And while the unique strength of blockchain is authenticating “stuff” to enable trust between partners there is, of course, much speculative spending on digital assets in the current bull market, informed by memes and counter-culture. Valuable clones do make sense in this context. But, let’s start at the beginning. What the funk/phunk is a nonfungible token, or NFT? This definition frames the whole conversation about the emer...
foundation for future China-Africa relations.
“It’s a bit like ICOs in 2017, mimicking grows like wildflowers,” he says. “But it does help the industry learn and develop”. He concedes that clone NFT projects might attract some money that would otherwise go to the original. “The people who buy the clones could have bought the real ones so, arguably, they may be devalued, say if one less bidder bids,” he says. “But, the real ones have actual perks that the fakes don’t so it’s like buying a fake Rolex.” The Bored Apes Yacht Club (BAYC) incl...
foundation for future China-Africa relations.
“It’s a bit like ICOs in 2017, mimicking grows like wildflowers,” he says. “But it does help the industry learn and develop”. He concedes that clone NFT projects might attract some money that would otherwise go to the original. “The people who buy the clones could have bought the real ones so, arguably, they may be devalued, say if one less bidder bids,” he says. “But, the real ones have actual perks that the fakes don’t so it’s like buying a fake Rolex.” The Bored Apes Yacht Club (BAYC) incl...
That speech, eight years ago, would go on to lay the
CryptoPhunks did the bare minimum possible to distinguish themselves from the originals. (Source: Twitter) There are also NFT “derivatives” that cash in on the popularity of a well known brand by using a similar “punk” or “ape” name. These clones are copycats, imposters, tributes, spinoffs, or rent seekers, depending on who you ask. CryptoFUNKS took the name and applied it to hand-drawn stick figures for example. Recreation and remixing also intersect with the open source ethos of crypto. Cre...
That speech, eight years ago, would go on to lay the
CryptoPhunks did the bare minimum possible to distinguish themselves from the originals. (Source: Twitter) There are also NFT “derivatives” that cash in on the popularity of a well known brand by using a similar “punk” or “ape” name. These clones are copycats, imposters, tributes, spinoffs, or rent seekers, depending on who you ask. CryptoFUNKS took the name and applied it to hand-drawn stick figures for example. Recreation and remixing also intersect with the open source ethos of crypto. Cre...
