Summary
• Non-fungible tokens (NFTs) are digital assets that are unique and can't be replaced.
• They are often used to sell digital art, and their popularity has been increasing in recent years.
• Sales have been decreasing since their peak, but there is still potential for NFTs to be a successful future for art collecting.
NFTs, explained - The Verge
theverge.com
Summary
• A non-fungible token is a unit of data stored on a blockchain that can be sold and traded.
• Types of NFT data units may be associated with digital files such as photos, videos, and audio.
• NFTs differ from most cryptocurrencies, such as Bitcoin, which are fungible. NFTs are created when blockchains concatenate records containing cryptographic hashes—sets of characters that identify a set of data—onto previous records, creating a chain of identifiable data blocks.
• This cryptographic transaction process ensures the authentication of each digital file by providing a digital signature that tracks NFT ownership.
• Data links that are part of NFT records, that for example may point to details about where the associated art is stored, can be affected by link rot.
• Ownership of an NFT does not inherently grant copyright or intellectual property rights to the digital asset the NFT purports to represent.
• Someone may sell an NFT that represents their work, but the buyer will not necessarily receive copyright to that work, so the seller may create additional NFTs of the same work.
• So an NFT is merely proof of ownership separate from copyright.
Non-fungible token - Wikipedia
wikipedia.org
Summary
• Non-fungible tokens (NFTs) are unique, non-interchangeable units of data that contain a piece of identifying information that makes them distinguishable from all other tokens.
• Because no two tokens are the same, they cannot be traded or exchanged at an equivalent rate or broken down into smaller units like currency.
• Because NFTs are one-of-a-kind, they can be used to value and authenticate the ownership of digital assets, including virtual land parcels, artwork, etc.
• One of the biggest markets for NFTs is the entertainment industry.
• To create an account, you’ll also need a wallet browser extension, e.g. Metamask.
• To create a collection on any of these marketplaces, you can either move your NFTs over from another platform (e.g., from Rarible to Mintable, or vice versa), or mint your NFT directly on your chosen platform.
• Once you have created your collection, you need to outline the properties of your NFT, including how many copies of it there are.
• Then, you can put your NFT up for auction.
What are NFTs? A Beginner’s Guide | EU Business School
euruni.edu
Summary
The {{nft|National Football League}} is a professional American football league consisting of 32 teams, divided equally between the National Football Conference (NFC) and the American Football Conference (AFC). The NFL is one of the four major professional sports leagues in North America.
Each team is divided into two divisions, the East and West, with four teams in each division. The two division winners from each conference meet in the NFL playoffs to determine the league champion. The NFL was formed in 1920 as the American Professional Football Association (APFA), and the first season took place in September 1920. The NFL agreed to merge with the American Football League (AFL) in 1966.
OpenSea, the largest NFT marketplace
opensea.io
Summary
The {{nft|National Football League}} is a professional American football league consisting of 32 teams, divided equally between the National Football Conference (NFC) and the American Football Conference (AFC). The NFL is one of the four major professional sports leagues in North America.
Each team is divided into two divisions, the East and West, with four teams in each division. The two division winners from each conference meet in the NFL playoffs to determine the league champion. The NFL was formed in 1920 as the American Professional Football Association (APFA), and the first season took place in September 1920. The NFL agreed to merge with the American Football League (AFL) in 1966.
NFT.com | The Social NFT Marketplace
nft.com
Summary
• Non-fungible tokens are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.
• Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency.
• NFTs evolved from the ERC-721 standard. Developed by some of the same people responsible for the ERC-20 smart contract, ERC-721 defines the minimum interface—ownership details, security, and metadata—required for the exchange and distribution of gaming tokens.
• NFTs have the potential for several use cases. For example, they are an ideal vehicle to digitally represent physical assets like real estate and artwork.
• Much of the current market for NFTs is centered around collectibles, such as digital artwork, sports cards, and rarities.
• Recently, Twitter's Jack Dorsey tweeted a link to a tokenized version of the first tweet ever, in which he wrote: "just setting up my twttr." The NFT version of the first-ever tweet sold for more than $2.9 million.
• In early March 2021, a group of NFTs by digital artist Beeples sold for over $69 million
Non-Fungible Token (NFT): What It Means and How It Works - Investopedia
investopedia.com
NFTs exist on a blockchain, which is a distributed public ledger that records transactions. You’re probably most familiar with blockchain as the underlying process that makes cryptocurrencies ...
What Is An NFT? – Forbes Advisor
forbes.com
Non-fungible tokens (NFT) have become hugely popular with crypto users and companies alike because of the way they revolutionized the gaming and collectibles space. Since June 2017 there has been...
What Are NFTs and How Do They Work? - CoinDesk
coindesk.com
Apr 2022. Jack Dorsey’s NFT tweet gets a top bid of $6,800. It was originally bought for $2.9 million in March 2021. Dec 2021. Most expensive. digital art NFT sells.…
What Happened To NFTs In 2022? | Barron's
barrons.com
From Static to Dynamic NFTs . Despite a slump in popularity compared to the peak of the bull market extravaganza, NFTs are still all the rage in entertainment today, bringing anything…
From Static to Dynamic NFTs – Rolling Stone
rollingstone.com
A trio of NFTS graduation films have been shortlisted for the 2019 BAFTA student Film Awards in Los Angeles - Azaar directed by NFTS Directing Fiction MA graduate Myriam Raja…
NFTS | National Film and Television School
nfts.co.uk
