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NFTs

Created: Jan 22, 2022 17:56:14Latest reply: Feb 19, 2022 08:29:28 607 11 12 0 0
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hi everyone

please share your thoughts and knowledge about NFTs

do you see that NFTs are the future or a new way of art ( digital Art), ownership of property and wealth gaining ?
leave your opinion about this subject below please.
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Featured Answers
hemin88
Moderator Author Created Jan 23, 2022 17:59:36

Hi @audi

Non-Fungible Token is the digital equivalent of a physical asset such as an audio file, picture, video in the virtual environment. As the name suggests, it is a digital asset that cannot be exchanged. In this way, NFTs are unique in digital environments. It can be done with virtual games, virtual videos and pictures, in short, everything virtual that makes NFT unique and produced using blockchain technology.


Although everything on the Internet can be copied, it is not possible to copy NFTs produced with blockchain. Even if you have a copy of the NFT files, that doesn't make it an NFT. Because the NFT file is produced with blockchain technology, the owner of the file or the producer of the work are registered in the blockchain. Therefore, NFT files cannot be modified on the Internet. NFT files produced with blockchain technology cannot be used or manipulated by anyone else. NFT files saved on the blockchain are impossible to change as they are just one of many pieces of information in the chain.


Blockchain is just like a recording media in the virtual environment, who owns the files prepared with the blockchain, to whom they are transmitted, and all the signatures of digital documents are recorded in the system. These records can be viewed and approved by others. In this way, the documented NFT files are named Non-Fungible Token because they cannot be changed.


NFT has become popular in both the financial and art worlds. It is known as a unique identifier that can prove ownership of digital products. It turns digital artworks and other collectibles into easily verifiable assets that can be traded on the blockchain.


Recommended steps to Make and sell NFT:


  • Buy some cryptocurrency.

  • Create a digital wallet to pay for your NFT.

  • Add some cryptocurrency to your wallet.

  • Connect your wallet to an NFT platform.

  • Upload the file you want to turn into an NFT.

  • Set up an auction for your NFT.

  • Add a description to sell your NFT.

  • Pay the listing fee to sell your NFT (but be warned!).


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hpl_Panda
hpl_Panda Created Jan 26, 2022 02:51:14 (0) (0)
 
audi
audi Created Jan 26, 2022 16:24:36 (0) (0)
thanks  
stephen.xu
Admin Created Jan 23, 2022 02:35:28

Hello, Dear!

A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger. Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from blockchain cryptocurrencies, such as Bitcoin.

NFT ledgers claim to provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. NFTs do not restrict the sharing or copying of the underlying digital files and do not prevent the creation of NFTs with identical associated files.

NFTs have been used as a speculative investment, and they have drawn criticism for the energy cost and carbon footprint associated with validating blockchain transactions as well as their frequent use in art scams.


What I think the NFT is the ownership of property and wealth gaining.

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Unicef
Unicef Created Jan 23, 2022 04:30:22 (0) (0)
 
hpl_Panda
hpl_Panda Created Jan 26, 2022 02:51:22 (0) (0)
good  
All Answers
Hashim91
Hashim91 Created Jan 22, 2022 17:59:38

Looking for the same.
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Zonger
Zonger Created Jan 22, 2022 18:17:07

NFT or nonfungible token is a buzzy term that many of us heard for the first time in 2021. A new way to determine ownership of digital property using a blockchain ledger, NFTs are increasingly popular in the art and collectibles scenes. One of the most notable NFT collections of 2021 was called the Bored Ape Yacht Club.

But the potential of NFTs goes far beyond eccentric digital artworks. NFTs are also used for digital land purchases in virtual worlds and for next-generation music ownership, licensing and publishing. Some observers see a future in which NFTs offer access to special sales or limited-edition products.

Some of America's biggest brands, including Nike, are already working on expanding the application of NFTs. But NFTs used in consumer products may only be the tip of the iceberg.

The $85 billion video game industry may be one of the most fertile areas of potential for NFTs. Some of the larger studios are already experimenting with them. And with all the talk surrounding the metaverse, an immersive 3D digital environment that's been proposed by Meta, NFTs could serve as building blocks for a next-generation digital world.

NFTs and Meta is the future NFTs-4621833-1

Thanks NFTs-4621833-2
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Unicef
Unicef Created Jan 23, 2022 04:30:17 (0) (0)
 
stephen.xu
stephen.xu Admin Created Jan 23, 2022 02:35:28

Hello, Dear!

A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger. Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from blockchain cryptocurrencies, such as Bitcoin.

NFT ledgers claim to provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. NFTs do not restrict the sharing or copying of the underlying digital files and do not prevent the creation of NFTs with identical associated files.

NFTs have been used as a speculative investment, and they have drawn criticism for the energy cost and carbon footprint associated with validating blockchain transactions as well as their frequent use in art scams.


What I think the NFT is the ownership of property and wealth gaining.

View more
  • x
  • convention:

Unicef
Unicef Created Jan 23, 2022 04:30:22 (0) (0)
 
hpl_Panda
hpl_Panda Created Jan 26, 2022 02:51:22 (0) (0)
good  
Saqibaz
Saqibaz Created Jan 23, 2022 16:50:07

Nice
View more
  • x
  • convention:

hemin88
hemin88 Moderator Author Created Jan 23, 2022 17:59:36

Hi @audi

Non-Fungible Token is the digital equivalent of a physical asset such as an audio file, picture, video in the virtual environment. As the name suggests, it is a digital asset that cannot be exchanged. In this way, NFTs are unique in digital environments. It can be done with virtual games, virtual videos and pictures, in short, everything virtual that makes NFT unique and produced using blockchain technology.


Although everything on the Internet can be copied, it is not possible to copy NFTs produced with blockchain. Even if you have a copy of the NFT files, that doesn't make it an NFT. Because the NFT file is produced with blockchain technology, the owner of the file or the producer of the work are registered in the blockchain. Therefore, NFT files cannot be modified on the Internet. NFT files produced with blockchain technology cannot be used or manipulated by anyone else. NFT files saved on the blockchain are impossible to change as they are just one of many pieces of information in the chain.


Blockchain is just like a recording media in the virtual environment, who owns the files prepared with the blockchain, to whom they are transmitted, and all the signatures of digital documents are recorded in the system. These records can be viewed and approved by others. In this way, the documented NFT files are named Non-Fungible Token because they cannot be changed.


NFT has become popular in both the financial and art worlds. It is known as a unique identifier that can prove ownership of digital products. It turns digital artworks and other collectibles into easily verifiable assets that can be traded on the blockchain.


Recommended steps to Make and sell NFT:


  • Buy some cryptocurrency.

  • Create a digital wallet to pay for your NFT.

  • Add some cryptocurrency to your wallet.

  • Connect your wallet to an NFT platform.

  • Upload the file you want to turn into an NFT.

  • Set up an auction for your NFT.

  • Add a description to sell your NFT.

  • Pay the listing fee to sell your NFT (but be warned!).


View more
  • x
  • convention:

hpl_Panda
hpl_Panda Created Jan 26, 2022 02:51:14 (0) (0)
 
audi
audi Created Jan 26, 2022 16:24:36 (0) (0)
thanks  
user_4358465
user_4358465 Created Feb 19, 2022 08:29:28

NFTs are the future!
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