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The Buzz on What Does NFT Mean In Art? - Vision Stash


<h1 style="clear:both" id="content-section-0">The Only Guide to What is an NFT? - How do Non-Fungible Tokens Work?<br></h1>
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<img width="363" src="https://i2.wp.com/coinmarketbag.com/wp-content/uploads/2022/01/ZOMBIE-INU-MAJOR-NEWS-FIRST-NFT-DROP-COMING-SOON.jpg">
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<p class="p__0">5 million investment, with some kitties offering for over $100,000 each. Following its success, Crypto, Kitties were added to the ERC-721 requirement, which was then finalized in January, 2018, and affirmed using the term "NFT" to describe "non-fungible tokens." In 2018, Decentraland, a blockchain-based virtual world which first sold its tokens in August 2017, raised $26 million in a preliminary coin offering, and had a $20 million internal economy as of September 2018.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://api.time.com/wp-content/uploads/2021/03/nft-art-4.jpg" alt="What is an NFT? (Crypto Beginners) - YouTube"><span style="display:none" itemprop="caption">NFTs, explained: what they are, and why they're suddenly worth millions - The Verge</span>
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<p class="p__1">In 2019, Nike patented a system called Crypto, Kicks that would use NFTs to validate the credibility of physical tennis shoes and provide a virtual variation of the shoe to the client. In early 2020, the designer of Crypto, Kitties, Dapper Labs, launched the beta version of NBA Top, Shot, a project to sell tokenized collectibles of NBA highlights.</p>
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<p class="p__2">Later that year, the job was released to the public and reported over $230 million in gross sales since February 28, 2021. The NFT market experienced fast development throughout 2020, with its worth tripling to $250 million. In the very first three months of 2021, more than $200 million were invested on NFTs.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://i.ytimg.com/vi/a8ww4aNlPQU/maxresdefault.jpg" alt="What Does NFT Mean? the Collectible Crypto Tokens, Explained"><span style="display:none" itemprop="caption">What Is An NFT? How Do NFTs Work? – Forbes Advisor</span>
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<h1 style="clear:both" id="content-section-1">Getting My So what does nft mean? - Adopt Me! Wiki To Work<br></h1>
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<p class="p__3">Blockchains such as Ethereum, Circulation, and Tezos developed specific standards to guarantee that the digital product represented are authentically unique. NFTs are now being used to commodify digital possessions in art, music, sports, and other popular home entertainment, with most NFTs part of the Ethereum blockchain, while other blockchains can implement their own variations of NFTs.</p>
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<p class="p__4">In February 2021, the musician Grimes sold around $6 million worth of tokens representing digital art on Nifty Entrance. Later that month, an NFT representing the meme animation Nyan Cat was sold in an Internet marketplace for just under $600,000. On February 28, 2021, electronic dance artist 3LAU sold a collection of 33 NFTs for an overall of $11.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://rymaloney.com/wp-content/uploads/2021/02/what-does-nft-mean.jpg" alt="WTF Is an NFT, Anyway? And Should I Care? - WIRED"><span style="display:none" itemprop="caption">When you buy an NFT, you don't completely own it – here's why</span>
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<p class="p__5">On March 5, 2021, the band Kings of Leon ended up being the first to sell a newly launched album, When You See Yourself, in the type of an NFT, producing a reported $2 million in sales. On This Is Noteworthy , 2021, American digital artist Beeple's work ended up being the very first NFT artwork to be listed at popular auction house Christie's and cost $69.</p>
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