Engadget already has an in-depth explanation of how it works, but Engadget Basics will aim to explain it in a manner that anybody can comprehend.

As a result, we’re going to strive to keep things as easy as possible by avoiding technical terms.

We’ll start with a definition of non-expendable property since it’s critical to grasping NFTs.

As a follow-up, we’ll go through what NFTs are and how they function.

It is important to recognize and comprehend that in our legal system, there are two types of property: those that are disposable and those that are not.

Goods with a monetary worth depending on their quantity, measurement, or weight are said to be expendable.

NFTs, on the other hand, are those that cannot be replaced.

Money is one example of an expendable resource. Consumable items, such as €20 bills, are easy to swap for another €20 bill, and they retain their worth.

When you use this ticket, it gets depleted of its remaining value.

A piece of art, on the other hand, is an example of a non-consumable good.

When you utilize a painting that you have at home, it doesn’t go away or needs to be replaced with another one.

It is impossible to swap a work of art for a €20 note since no two pieces of art are the same in value.

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5. Tokens with the NFT abbreviation stand for Non-Fungible Tokens or NFTs. As a business concept like cryptocurrency, tokens may be allocated a specific value.

6. Because a Bitcoin is a fungible good, although an NFT is not, NFTs and cryptocurrencies have a strong technical connection.

7. However, in essence, NFTs and cryptocurrencies are like the two sides of a technological currency.

8. To put it another way, you may think about cryptocurrencies as a kind of gold for the sake of this explanation.

9. You can purchase and sell gold, and the price rises when there are more buyers, and falls when there are fewer buyers.

10. Bitcoin-like behavior may be seen in this case.

11. However, gold is gold, and you can trade one nugget for another with no trouble whatsoever.

12. Gold may also be used to build valuable items, but they vary from one another since they are one of a kind.

13. It has the same worth as something made of gold or a masterpiece.

14. NFTs are one-of-a-kind assets that cannot be altered or traded for another of equal or greater value since no two NFTs are the same.

15. As a result, you may conceive of an NFT as a piece of art, like Da Vinci’s Mona Lisa, and compare it to other works of art.

16. Only one exists, and it’s located in a special gallery.

17. It’s only possible to acquire the original if it’s on the market at the time.

18. Alternatively, you could acquire a duplicate of the original, but it would have a different value since it would not be the same.

19. The NFT, on the other hand, performs the same function in a digital format.

20. To grasp the concept better, consider Michelangelo’s David, which is the only one in existence and is on display at the Gallery of the Academy in Florence.

21. If someone wanted to own that particular David, they could either buy it (if it were for sale) or obtain a copy, in which case we would no longer be discussing the original, which is what gives the sculpture value.

22. As a result, NFTs are often connected to various digital works or graphics.

23. We can find individuals who are willing to spend €260,000 for a sketch of a rock linked to an NFT now that they are at their zenith of popularity.

24. The NFTs are made possible by the use of distributed ledger technology (DLT).

25. It is based on the same decentralized computer network technology as cryptocurrencies, which uses cryptography to connect and secure blocks or nodes.

26. In addition to the date and transaction data linked to the preceding block, each block is designed to be resistant to data change.

27. To ensure the integrity of NFTs, a set of proprietary information is applied to each one of them.

28. All purchases and transactions are documented, as well as the author’s name, in this metadata. Authenticity is ensured in this metadata.

29. You’ll always have evidence of the original worth and the price you paid for digital material tokenized using NFT if you purchase it that way.

30. Buying an artwork and keeping track of where it goes is similar to this.

31. Generally speaking, most “tokens” or non-fungible tokens (NFTs) are built on the Ethereum blockchain.

32. An established and widely used technique was used to achieve this goal.

33. Using specific wallets that also support Ethereum, it is simple to exchange them to buy and sell them.

34. As a result, there is no active selling of digital currency as there is with original works.

35. Why do people purchase and spend so much money on NFTs if they can’t buy and sell them as readily as Bitcoin?

36. Simply because they expect its worth to rise and they can recoup their investment in the future.

37. It is not because people adore rock drawings, which are available for free, that someone would pay €260,000 for a drawing of a rock, but rather due to the intrinsic worth of this specific picture as an NFT.

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Per usual, any time Bitcoin drops by ~5% in less than 48 hours and doesn’t quickly recover, people start talking about the Bitcoin Crash. It was trending on Twitter…

When the concept of RBOTS was first mentioned, the emphasis from the founder was of quality on every level. It’s the first thing as a group we hammered out as essential for the project. What we’re trying to achieve here is as far away from the current NFT project ‘norm’ - where assets are released with little thought to how the project will run - as I’ve seen in this space.

We won’t be the first project to offer physical assets alongside our NFT collection, but we intend to try and be the best. We have spent weeks talking about, and sourcing, what we believe to be the finest materials, that RBOT owners would be proud to display in their homes. Dozens of samples checked for quality. This isn’t a standard 18 x 24” poster print.

For those that don’t know, the collection is created by our wonderfully talented artist, Jiggles. He’s a young man of only fourteen, and happens to have autism spectrum disorder (ASD). There is so much we could say about how in awe of Jiggles we are. You can read more about his story here.

Autism can be quite an isolating condition that commonly causes difficulty communicating in social environments. In Jiggle’s specific case, he uses art as an outlet to express himself, but it also helps to build his confidence surrounding ‘strangers’ in the outside world. Our team is constantly learning, eager to understand ASD, and how Jiggle’s art is viewed as a medium exploring emotions (you’ll notice that RBOTS all express a variety of them).

As a team we think that inclusion is absolutely integral to the project. We’ve seen projects come and go by setting high fixed mint prices that exclude those who cannot afford the costs. Because of this, RBOTS will have a tiered mint price. Each tier will offer additional benefits, but ultimately the base NFT artwork should be affordable. We’ll soon be releasing another Medium article outlining the different tiers, pricing and the perks that come with them. For now, we’ll just show a couple of snippets of what we’re planning for the physical items available via the higher tiers.

Post-launch we fully intend to have a shop where an increasing amount of physical items are available, all kept to our high quality standard.

An example? How about your NFT laser etched within English crystal? I hope you can see from the picture below how beautiful these are. We certainly hope these will be adorning many office desks going forward!

We’ve tried to think about every detail, and the truth is, we’re still finalising certain elements, such as packaging that meets our standards. It’s the little touches that make something feel special, not just the shiny stuff. We’re determined to make these sets feel premium, and good value.

The highest tier will have all physical elements packaged together in a strictly limited edition set (420 units). Whilst it’ll be possible to buy these items individually post-mint (once the shop goes live), buying via the mint process will be the only time they’re available together as a set. Again, more details on these items will be released in the coming days.

There will also be a supply of super/ultra rares, and 1:1’s within the RBOTS collection. These will be randomly assigned, and so good luck to those who mint them! Reveals will be approximately one week post-mint, to prevent bots buying up the rarest traits.

We’ve looked closely at utilities surrounding the set too. It’s almost a necessity within NFT projects to have a roadmap. With RBOTS we’re planning various utilities, some to be announced at a later date. We currently have a team working on wireframe modelling RBOTS, the intention being that RBOT owners will be able to import their RBOT ‘skin’ into their favourite (compatible) games. Imagine playing Fortnite as your favourite RBOT!

Furthermore, we propose an optional utility where a user can allow their NFT to be used for merchandising, earning a 20% royalty commission on the proceeds. Basically, if someone loves the RBOT you have, and you’re signed up to the royalties scheme, you’d automatically earn royalties on any physical items sold from the RBOTS store that features your RBOT.

The physical RBOT collectibles also carry a one-off utility, that we’re currently ironing out the details with the dev team. Because all collectibles are high quality, we’re implementing it so the RBOT featured doesn’t have to be the one that was minted with it. We want you to love your RBOT, and the collectibles that come with it, so we’re looking to make this utility deferable. This means if you wanted to instead find the RBOT you love on the secondary market, you can then redeem by linking your wallets to the website to prove ownership and order your physical items for your chosen RBOT.

There are some great prizes linked to certain special traits within the mint process, there is also a once in a lifetime prize for the person who mints the unique Spaceman RBOT. More information on these prizes will be released with the pricing structure.

As with most utilities, RBOT owners have the option to sell their NFT’s on the secondaries market instead of redeeming the prizes, which would transfer the utility to the new owner. This is of course your choice, but these utilities can only be redeemed once.

We have lofty ambitions here. We want the long-term to be as interesting as the short term, but these things will take time. Our aim is for ‘JigglesSpace’™ to become an entire ecosystem. Derivatives, P2E gaming, real-life NFT events / meetups and more.

We thank you for taking the time to read this article and hope you can see the potential we’re putting so much effort into making a reality. Hopefully we’ll see you at launch! Our main socials are linked at the bottom of this page, come say hi ! - We have various quizzes, planned giveaways, and whitelist opportunities running in the Discord, as well as a Gleam competition.

Discord - https://discord.gg/UegeErHHXg

Telegram - https://t.me/rbotnft

Twitter - https://twitter.com/rbotsNFT

Jiggle’s Twitter (managed) - https://twitter.com/jigglesspace

Website (Estimated within the next week).

Knights! Another week of PvP PLA Rewards has finished, how much did you win?

Read on for all the details of the latest PVP week. It’s been awesome to see another massive sum of PLA rewards! With over $43,000 - going out!

Again this week all 500 slots were taken, but its tight at the bottom so there’s always a chance to get yourself into the winners. Get a couple weekly wins under your belt and your SSR investment is back and then some!

We are aware that the bear market will make 70% of the existing meme coin & altcoin disappear.

That’s why we are working hard and quietly on the future of Forrest Pump. To turn a memecoin-looking token into a token of public utility, charity, and many blockchain trendy aspects.

Let’s take a look back at some highlights from this year, and look ahead to the excitement to come in 2022! Let’s dig in.

While hosting Saturday Night Live, Elon Musk, the billionaire behind Tesla and SpaceX, revealed that he had Asperger’s syndrome (a form of autism).

Elon Musk said his Ai Brain Chips Company could “Solve” Autism and Schizophrenia.

At the time when numerous memecoin such as Shiba, Floki, Doge were raising. As well as the “too many” P2E, metaverse tokens, Elon, rugg pull, etc…

A team of friends and colleagues, passionate about film and blockchain. Specializing in e-commerce, NFT, and crypto;

Had the idea to create a unique token: the first public utility cryptocurrency whose marketing would be used to fund and help charities helping autistic people.

Such as: Autistica / The National Autistic Society / Autism speaks

The team wanted to create a token that combines sensibility, humour and nostalgia, with a fun tribute to the masterpiece “Forrest Gump”.

We will take our time to get it right. The Roadmap continues to progress.

Marketing will continue and evolve. More press articles will come out, as well as on Medium. More merch reveal are planned.

In the year, the development of games and NFTs will continue.

The goal is to be able to generate enough money to raise funds for autism charities.

And make Forrest Pump (FPUMP) a serious player in the crypto meme space and will deliver on their promises. A next-gen meme with passive income BUSD reflections, autism charity aspect, NFTs and P2E game.

Website https://www.forrestpump.finance/

Token ($FPUMP) 0xefab9002b8e7d465430673b25e14a11aea848330

Telegram https://t.me/ForrestPumpCoin

Announcement https://t.me/forrestpumpannouncement

Twitter https://twitter.com/ForrestPumpCoin

Reddit https://www.reddit.com/r/ForrestPump/

Disclaimer: This is not an audit of any kind. Please do not call my code review an audit. These reviews are for entertainment & education purpose only and are not financial advice.

Presale Contract/NFT Address: https://polygonscan.com/address/0xa04a030f4c8b22b11e98e1cbaf280e0ff01fed79#code\*Update 1: change contract address

Owner/Multi-sig Address (4/4 Gnosis Multi-sig Contract): https://polygonscan.com/address/0xfE3dfaf07D859c420d0d0D0D187ab66C9667B12E#code

Note: The contract was provided by DominiumDAO team beforehand which will be announced in their social media.

1. Contract ownership is not renounced

2. There are constant values that can not be changed:- Multi-sig address for adding liquidity(multisigAddress) = 0xfE3dfaf07D859c420d0d0D0D187ab66C9667B12E- USDC token (stableCoin) = 0x2791bca1f2de4661ed88a30c99a7a9449aa84174- NFT Token Type index from 0 to 4 (5 total type) [The information in it can be changed]

3. Note: Other value in the constructor can be adjusted by the owner later except the above constant

4. Other value that are preselected but can be changed later by owner are - withdrawal address (withdrawerAddress) = 0x000….0000- Delay until refund (maxPresaleTime) = Contract creation date + 30 day- multi-sig percentage (multisigWithdrawalPoints)= 30% or 3000- base uri (baseURI) = https://gateway.pinata.cloud/ipfs/QmWsWYq7yht2arRro8SZdzraqADzmQQGVsLsYdcY3uwRhG/- Cost, name, reward, staking cost, availability and base extension of all 5 type of NFT are preset whereIndex 0: Marcus Aurelius, cost 20000 USDC, availableIndex 1: Alexander the Great, cost 500 USDC, availableIndex 2: Aristotle, cost 10000 USDC, unavailableIndex 3: Plato, cost 1000 USDC, unavailableIndex 4: Socrates, cost 100 USDC, unavailable

5. Note: All NFT type reward amount and staking cost is not set which suggest that it will be set by the owner later

6. Presale logic is merge with NFT ERC721 token code this means that the NFT token have a presale logic in it permanently.

7. mint function can be use by the user to exchange USDC for minting the selected(index) NFT type.

8. The user can only buy if- If presale timer(saleTimer) is enable, the user need to bought within the designated time frame set by the owner.- The minting is not paused (paused) by the owner- If the selected(index) NFT type is available for sale.- If the whitelist is enable only whitelist user can buy (Doesn’t apply to owner)

9. When the user buy the selected(index) NFT type, the amount of USDC is transferred to the contract from the user at the cost of the selected NFT (cost). The contract then mint the NFT to the user with the type with NFT index equal to the current amount of supply + 1. The contract then record the amount that the user buy in total and the amount bought

10. Note that the owner (multi-sig) can mint without any cost, this suggest 2 things: a. the owner can do unlimited NFT mint for stakingb. the owner can assign this to another contract to allow mint via other logic/cost *All approval will need to go through Multi-sig during presale to launch process

11. whitelistUsers and unWhitelistUsers function can be used by the owner at anytime. This allow the owner to add(batch) and remove(batch) whitelist user.

12. startPresale and endPresale can only be used by the owner at anytime. This allow the owner to open/close presale.

13. When the owner start presale (startPresale), it’ll be open for the duration of 48 hour from designated open time (startTimestamp) and only NFT type 0 (Marcus Aurelius) and 1 (Alexander the Great) will be available for sale at the cost of 20000 and 500 USDC respectively. Time to refund duration will also be set to 30 day from the moment this function is called. Only whitelist user can purchase during this period.

14. When the owner end presale (endPresale ), the sale timer will be disabled and sale will be set to paused (paused).

15. startPublicSale and endPublicSale can only be used by the owner at anytime. This allow the owner to open/close public sale.

16. When the owner start public sale (startPublicSale), it’ll be open until the owner close it and only NFT type 2 (Aristotle), 3 (Plato) and 4 (Socrates) will be available for sale at the cost of 10000, 1000 and 100 USDC respectively. Whitelisted will turn off and any user can purchase during this period.

17. When the owner end public sale (endPublicSale ), the sale will be set to paused (paused).

18. publicCancelLaunch function allow any user to cancel and refund the whole presale. User can use this function only when the time passed the refund period (maxPresaleTime) which is 30 day from using startPresale or a set amount of period from setMaxPresaleTime by the owner. This function will also drain all USDC from the multi-sig/owner address.

19. The current multi-sig approve infinite spending on presale contract which allow USDC draining to be possible.https://polygonscan.com/tx/0xf15630c13f1bec0ba3eb03dbfaf9f8bb8ebe636870fc9cb5666f294ca6c2cad7

20. cancelLaunch function can only be used by the owner at anytime. Owner can cancel the sales and start the refund process immediately.

21. publicWithdraw allow any user to refund the bought amount, this can only be used when the sale is cancelled either by publicCancelLaunch or cancelLaunch function. When used, the contract will send the USDC equal to the amount user bought to the user.

22. This means that if something happen and the funds stuck in the multi-sig or presale contract. Approximately, after 30 days from the presale start period the user can use publicCancelLaunch and then publicWithdraw to FULL REFUND the amount bought.

23. Note: Draining USDC from multi-sig will not work after adding DOM-USDC liquidity because USDC is in the liquidity.

24. multisigWithdraw function can only be called by the owner when the presale is not cancel and withdrawer address is set.

25. When call this function, 30% (liquidityFundsAmount) of total raised USDC will be transfer from the contract to the multi-sig address(owner).

26. setWithdrawal function allow the owner to adjust the liquidity percentage for multisigWithdraw at anytime.

27. setWithdrawer function can only be used by the owner to set withdrawer address which will be use for the owner to send USDC from the contract to this address using privateWithdraw function.

28. privateWithdraw function can only be used by the owner to send USDC from the contract address to withdrawer address at any amount.

29. Note: withdrawer address is NOT the multi-sig address (owner).Multi-sig address’s funds are use for adding liquidity (30% of USDC).Withdrawer address’s funds are use for other objective such as sending to treasury and development wallet later on at the designated amount.*All are for owner only uses.

30. Owner address is a Gnosis Multi Sig wallet with 4/4 meaning 4 signer out of 4 signer address need to confirm the transaction.

31. These are the 4 Address- 0x293B854B0D3066efB1254B30269aF53790270Ea5- 0x55Cb753937E091bc0cDC3D7D1c9201703AEee826- 0x7E039e283C2e5cF2683285E4Ba79dEBf94f32b99- 0xC1f2154ea0B0E5779Ff84bb11A5ed209Fd0741DF

32. Since I’m in the multi-signature I can confirm that there are these party in the multi-signature- 3 Address from Dominium Team (Socrates, Onrul, Et Auream)- 1 Address from IndyZa (Me) — 3rd Party

33. setCost, setName, setRewardAmount, setStakeCost, setAvailable, setBaseExtension and setBaseURI function can be use by the owner at anytime to change any NFT type value such as cost, name, reward amount, staking cost, availability of NFT for sale, base extension. Base URI effects all NFT type.

34. addNewNFTType function allow the owner to add more NFT type with the cost, name, reward amount, staking cost, available and base extension at anytime.

35. Here we demonstrate a possible way to hard-rug with this contract

36. Here we demonstrate a possible way to soft-rug with this contract

37. Note that convince the 3rd Party will not apply after launch if there is a handover of ownership of NFT Presale Contract back to the team

38. Here we demonstrate a possible way to stuck-rug with this contract

39. No possible way to create stuck rug without 3rd Party Confirmation

40. If this helpful to you, you can tip me here

41. [ERC20/BSC/AVAX(C-chain)/Polygon/FTM]0xC1f2154ea0B0E5779Ff84bb11A5ed209Fd0741DF

42. Follow me in Twitter: https://twitter.com/indyza_

43. 
    

Well, now that we have defined what NFT is, I can continue the article. We all know that now the field of NFT is popular and interesting to a large number of people and every day its hype is only increasing. There are many large and local projects with different ideas and approaches to their work. But each project is unique and reveals itself in its own way, and here is one of them on the example of which you can understand all this.