Notes

A Guide to NFT Twitter Terminology - ONE37pm Things To Know Before You Buy


<h1 style="clear:both" id="content-section-0">All about non-fungible tokens (NFTs) - New Scientist<br></h1>
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<img width="378" src="https://im.rediff.com/money/2021/mar/21nft.jpg">
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<p class="p__0">That depends. Part of the appeal of blockchain is that it saves a record of each time a deal happens, making it harder to steal and turn than, state, a painting hanging in a museum. That said, cryptocurrencies have been taken prior to, so it really would depend on how the NFT is being kept and how much work a potential victim would be ready to put in to get their things back.</p>
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<p class="p__1">Probably. Bit rot is a real thing: image quality deteriorates, file formats can't be opened anymore, sites go down, people forget the password to their wallets. But physical art in museums is also shockingly vulnerable. Yes. Most likely. A lot of the marketplaces accept Ethereum. However technically, anybody can sell an NFT, and they might request for whatever currency they want.</p>
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<p class="p__2">Considering that NFTs utilize the very same blockchain innovation as some energy-hungry cryptocurrencies, they also end up utilizing a lot of electrical power. There are people working on mitigating this concern, but so far, a lot of NFTs are still tied to cryptocurrencies that generate a great deal of greenhouse gas emissions. There have been a couple of cases where artists have chosen to not sell NFTs or to cancel future drops after becoming aware of the results they could have on climate change.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://images.theconversation.com/files/417198/original/file-20210820-25-1j3afhs.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1200&amp;h=1200.0&amp;fit=crop" alt="NFTs: Why crypto art and sports collectibles are suddenly so popular"><span style="display:none" itemprop="caption">What is NFT, meaning: Can I make money? If you're lucky - SlashGear</span>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://sanfranciscotribe.com/Home/wp-content/uploads/2021/08/Meaning-Of-NFT.jpg" alt="CryptoPunk' NFT sells for $11.8 million at Sotheby's - The Economic Times"><span style="display:none" itemprop="caption">What is a non fungible token? NFT meaning, what is NFTs art - wusa9.com</span>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://miro.medium.com/max/1400/1*bLXHtxMDhE-9cxphDebzNg.png" alt="NFT Meaning - NFTs Explained - How does an NFT work - 7startup"><span style="display:none" itemprop="caption">Mean Men" NFT Collection to Raise Funds Mental Health NGO Drops Oct18 - Tech Times</span>
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<h1 style="clear:both" id="content-section-1">Rumored Buzz on What Are Non-Fungible Tokens (NFTs)? - The Motley Fool<br></h1>
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<p class="p__3">Well, like cryptocurrencies, NFTs are stored in digital wallets (though it is worth noting that the wallet does specifically have to be NFT-compatible). More In-Depth might always put the wallet on a computer system in an underground bunker, however. Believe it or not, you have alternatives! Steve Aoki is dealing with a program based upon a character from a previous NFT drop, called Rule X.</p>
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<p class="p__4">There's also a show called Stoner Cats (yes, it's about felines that get high, and yes it stars Mila Kunis, Chris Rock, and Jane Fonda), which utilizes NFTs as a sort of ticket system. Presently, there's only one episode readily available, however a Stoner Feline NFT (which, naturally, is called a TOKEn) is required to see it.</p>
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