During this content, we'll refer to non-fungible tokens as NFTs.
NFTs can be pieces of art. They can be interactive games. They can include royalty-producing smart contracts. They can give owners special access to their favorite franchise or other fan club benefits. And they can even be status symbols.
Basically it all suffices to uniqueness, rarity, and specialty. We can easily swap one fiat bill with another, and both will retain exactly the same value. Regular cryptocurrencies like BTC and ETH are fungible; meaning they can be divided into smaller units and can be mutually exchanged for similar assets. For example 1 BTC = 1 BTC and 1 ETH = 1 ETH. They’re fungible after all.
It’s impossible to trade the Mona Lisa for its equivalent. Whereas NFTs as the name suggests they are non-fungible meaning they are indivisible, unique, and can’t be replaced with something else.
Regarding smart contracts, NFTs can be structured to pay their creators royalties every time ownership exchanges hands. This is a feature that makes sense. As a piece of art increases in value and trades in any auction, the artist will receive a percentage of every sale. In that way, great work is rewarded, and it creates future income for the artist. And other potential uses for NFTs even tie them to real-world objects. As mentioned above, someone could gain a “ticket” to attend an exclusive event or receive other tangible benefits like fan merchandise by owning an NFT.
This means that digital media is redefined and begins its journey on a blockchain; a decentralized digital ledger that is incorruptible, unfalsifiable, and indestructible. NFTs are special tokens, an NFT is a unit of data stored on the blockchain that is considered unique in value. Each digital assets are unique in its own way. So each NFT has specific value based on its unique attributes and traits, hence it cannot be mutually exchanged for something of equal value.
Have a look here to learn more about the NFTs expansion, and immerse yourself into NFTs via VitalyTennant.com insights.
NFTs can be a digital representation of anything, although recently they are largely used to prove the ownership and confirm the scarcity and rarity of a digital intangible assets such as screenshot of tweets, GIFs, video games, sports highlights, etc.
Alethea AI sold an “intelligent” NFT named Alice. She’s been designed with a personality and can answer questions or hold a conversation. We can imagine this sort of NFT serving a number of uses, even earning income on their owner’s behalf by promoting products or enabling business transactions with potential customers.
NFT marketplaces play a fundamental role in connecting buyers and sellers. Some even go a step further by providing extra tools to assist in creating (minting) your own NFTs in a matter of minutes.
List of NFT marketplaces:
We can envision time-based NFTs, season-based NFTs, usage-based NFTs that change if we don’t actually use or view them, dynamic NFTs that evolve, and yes, even ephemeral NFTs that only last a certain period of time. After all, rarity is one of the things that make collectibles and art so valuable.
Enter CSC | Crypto Security Circle to continually be in the present updates of NFTs, and all crypto related content to have your investment(s) make you even more income.
During this content, we'll refer to non-fungible tokens as NFTs.
NFTs can be pieces of art. They can be interactive games. They can include royalty-producing smart contracts. They can give owners special access to their favorite franchise or other fan club benefits. And they can even be status symbols.
Basically it all suffices to uniqueness, rarity, and specialty. We can easily swap one fiat bill with another, and both will retain exactly the same value. Regular cryptocurrencies like BTC and ETH are fungible; meaning they can be divided into smaller units and can be mutually exchanged for similar assets. For example 1 BTC = 1 BTC and 1 ETH = 1 ETH. They’re fungible after all.
It’s impossible to trade the Mona Lisa for its equivalent. Whereas NFTs as the name suggests they are non-fungible meaning they are indivisible, unique, and can’t be replaced with something else.
Regarding smart contracts, NFTs can be structured to pay their creators royalties every time ownership exchanges hands. This is a feature that makes sense. As a piece of art increases in value and trades in any auction, the artist will receive a percentage of every sale. In that way, great work is rewarded, and it creates future income for the artist. And other potential uses for NFTs even tie them to real-world objects. As mentioned above, someone could gain a “ticket” to attend an exclusive event or receive other tangible benefits like fan merchandise by owning an NFT.
This means that digital media is redefined and begins its journey on a blockchain; a decentralized digital ledger that is incorruptible, unfalsifiable, and indestructible. NFTs are special tokens, an NFT is a unit of data stored on the blockchain that is considered unique in value. Each digital assets are unique in its own way. So each NFT has specific value based on its unique attributes and traits, hence it cannot be mutually exchanged for something of equal value.
Have a look here to learn more about the NFTs expansion, and immerse yourself into NFTs via VitalyTennant.com insights.
NFTs can be a digital representation of anything, although recently they are largely used to prove the ownership and confirm the scarcity and rarity of a digital intangible assets such as screenshot of tweets, GIFs, video games, sports highlights, etc.
Alethea AI sold an “intelligent” NFT named Alice. She’s been designed with a personality and can answer questions or hold a conversation. We can imagine this sort of NFT serving a number of uses, even earning income on their owner’s behalf by promoting products or enabling business transactions with potential customers.
NFT marketplaces play a fundamental role in connecting buyers and sellers. Some even go a step further by providing extra tools to assist in creating (minting) your own NFTs in a matter of minutes.
List of NFT marketplaces:
We can envision time-based NFTs, season-based NFTs, usage-based NFTs that change if we don’t actually use or view them, dynamic NFTs that evolve, and yes, even ephemeral NFTs that only last a certain period of time. After all, rarity is one of the things that make collectibles and art so valuable.
Enter CSC | Crypto Security Circle to continually be in the present updates of NFTs, and all crypto related content to have your investment(s) make you even more income.
SuperRare | ETH |
Foundation | ETH | FoundationThe start of something new  |
Atomic Market | WAX |
Myth Market | WAX |
Bakery Swap | BSC |
Enjin Marketplace | Enjin – ENJ |
Portion | ETH |
Async Art | ETH |
Mintable | ETH |
MakersPlace | ETH |
Axie Infinity | ETH |
Kalamint | Tezos |
Hic et Nunc | Tezos |
Aavegotchi | Aave / ETH / Polygon | Aavegotchi - Play Fun Games, Earn Real CryptoCollect, play, and earn with Aavegotchi. Start playing and earning real crypto today!  |
Zora | ETH | ZoraZora ★ Coin your content. ★  |
Ghost Market | NEO / Phantasma / BSC / ETH / Polygon | GhostMarket * Sell, Explore, Buy and Create CollectiblesThe first cross-chain NFT marketplace. Explore, create and trade any NFT on various blockchains.  |
Arkane Market - Venly | BSC / Polygon |
TreasureLand | Binance Smart Chain |
Viv3 | FLOW | ShadowGenerate NFTs. Launch in minutes  |
Valuables | ETH |
Mintbase | Arweave | NEAR NFT Launchpad Creator Studio, Market Auction for developers and creators | MintbaseMint a blockchain asset backed by you  |
Terra Virtua | — |
DappRadar | Statistics of Platforms |
SuperRare | ETH |
Foundation | ETH | FoundationThe start of something new |
Atomic Market | WAX |
Myth Market | WAX |
Bakery Swap | BSC |
Enjin Marketplace | Enjin – ENJ |
Portion | ETH |
Async Art | ETH |
Mintable | ETH |
MakersPlace | ETH |
Axie Infinity | ETH |
Kalamint | Tezos |
Hic et Nunc | Tezos |
Aavegotchi | Aave / ETH / Polygon | Aavegotchi - Play Fun Games, Earn Real CryptoCollect, play, and earn with Aavegotchi. Start playing and earning real crypto today! |
Zora | ETH | ZoraZora ★ Coin your content. ★ |
Ghost Market | NEO / Phantasma / BSC / ETH / Polygon | GhostMarket * Sell, Explore, Buy and Create CollectiblesThe first cross-chain NFT marketplace. Explore, create and trade any NFT on various blockchains. |
Arkane Market - Venly | BSC / Polygon |
TreasureLand | Binance Smart Chain |
Viv3 | FLOW | ShadowGenerate NFTs. Launch in minutes |
Valuables | ETH |
Mintbase | Arweave | NEAR NFT Launchpad Creator Studio, Market Auction for developers and creators | MintbaseMint a blockchain asset backed by you |
Terra Virtua | — |
DappRadar | Statistics of Platforms |
Subscribe to VitalyTennant.com
Subscribe to VitalyTennant.com
>700 subscribers
>700 subscribers
Share Dialog
Share Dialog
VitalyTennant.com4 Game-Changing Security Measures Every Business Needs
We live in a rapidly evolving landscape when it comes to business. Both physically and digitally, you will face an increasing number of security threats. If you want a smooth business, you will have to ensure that you are protected from physical breaches and cybersecurity attacks. A single vulnerability can lead to serious financial losses and reputational damage. In many cases, you could find yourself dealing with legal consequences. Technology is only going to advance more, and so will the ...
VitalyTennant.comHow To Get Yourself Help When You Get Into Legal Trouble
No one wants to find themselves in legal trouble, especially when it comes to a potentially devastating criminal charge that could change your life or a loved one’s forever. However, regardless of what charges or legal trouble is brewing, everyone is innocent until proven guilty, a right every human being should have. So, while it might feel quite bleak and worrying right now, there are certainly ways in which you can help yourself when you get into legal trouble of any kind. Here are some st...
VitalyTennant.comHow To Future-Proof Your Tech Setup At Home Or Work
Technology has come a long way in recent years, and most of us rely on it more than ever - both at home and in the workplace. Whether it's video calls, smart devices, or cloud-based systems, staying connected is no longer a luxury. It’s the baseline. But while the gadgets get all the attention, it's often the behind-the-scenes setup that makes or breaks the experience. If your current setup feels like it’s just about holding things together, or if you’re planning ahead for upgrades,...
VitalyTennant.com4 Game-Changing Security Measures Every Business Needs
We live in a rapidly evolving landscape when it comes to business. Both physically and digitally, you will face an increasing number of security threats. If you want a smooth business, you will have to ensure that you are protected from physical breaches and cybersecurity attacks. A single vulnerability can lead to serious financial losses and reputational damage. In many cases, you could find yourself dealing with legal consequences. Technology is only going to advance more, and so will the ...
VitalyTennant.comHow To Get Yourself Help When You Get Into Legal Trouble
No one wants to find themselves in legal trouble, especially when it comes to a potentially devastating criminal charge that could change your life or a loved one’s forever. However, regardless of what charges or legal trouble is brewing, everyone is innocent until proven guilty, a right every human being should have. So, while it might feel quite bleak and worrying right now, there are certainly ways in which you can help yourself when you get into legal trouble of any kind. Here are some st...
VitalyTennant.comHow To Future-Proof Your Tech Setup At Home Or Work
Technology has come a long way in recent years, and most of us rely on it more than ever - both at home and in the workplace. Whether it's video calls, smart devices, or cloud-based systems, staying connected is no longer a luxury. It’s the baseline. But while the gadgets get all the attention, it's often the behind-the-scenes setup that makes or breaks the experience. If your current setup feels like it’s just about holding things together, or if you’re planning ahead for upgrades,...
No comments yet