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<h1 style="clear:both" id="content-section-0">The Best Guide To Non-fungible tokens (NFTs) - New Scientist<br></h1>
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<p class="p__0">5 million financial investment, with some cats costing over $100,000 each. Following its success, Crypto, Kitties were included to the ERC-721 requirement, which was then completed in January, 2018, and affirmed the usage of the term "NFT" to describe "non-fungible tokens." In 2018, Decentraland, a blockchain-based virtual world which initially sold its tokens in August 2017, raised $26 million in a preliminary coin offering, and had a $20 million internal economy since September 2018.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://cdn.vox-cdn.com/thumbor/do-O9HidvWalL6uI9cd2qVDKY1s=/1400x0/filters:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/22341219/Screen_Shot_2021_03_02_at_3.39.12_PM.png" alt="Home Ownership Matters – What's an NFT and Can It Help Me Buy or Sell a Home?"><span style="display:none" itemprop="caption">What's Behind The Blockchain-Based Art Boom?</span>
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<p class="p__1">In 2019, Nike patented a system called Crypto, Kicks that would utilize NFTs to validate the authenticity of physical sneakers and provide a virtual variation of the shoe to the customer. In early 2020, the developer of Crypto, Kitties, Dapper Labs, released the beta version of NBA Top, Shot, a task to offer tokenized antiques of NBA highlights.</p>
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<p class="p__2">Later that year, the task was released to the general public and reported over $230 million in gross sales as of February 28, 2021. Related Source Here experienced fast development throughout 2020, with its value tripling to $250 million. In the first three months of 2021, more than $200 million were spent on NFTs.</p>
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<h1 style="clear:both" id="content-section-1">The Main Principles Of NFT art: what is it, how it works and what it means - 99Designs<br></h1>
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<p class="p__3">Blockchains such as Ethereum, Flow, and Tezos developed particular standards to ensure that the digital item represented are authentically unique. NFTs are now being utilized to commodify digital properties in art, music, sports, and other popular home entertainment, with many NFTs part of the Ethereum blockchain, while other blockchains can execute their own versions of NFTs.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://quantilus.com/wp-content/uploads/2021/03/whats-an-nft-and-how-will-nfts-change-business.jpg" alt="What is an NFT – and should you be investing? - Art - Culture - Luxury London"><span style="display:none" itemprop="caption">NFTs: Why crypto art and sports collectibles are suddenly so popular</span>
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<p class="p__4">In February 2021, the artist Grimes offered around $6 million worth of tokens representing digital art on Nifty Gateway. Later that month, an NFT representing the meme animation Nyan Cat was offered in a Web 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://i.ytimg.com/vi/FkUn86bH34M/maxresdefault.jpg" alt="What is an NFT? (Crypto Beginners) - YouTube"><span style="display:none" itemprop="caption">nft: People are spending millions on, and talking about, NFTsWhat's this craze all about? - The Economic Times</span>
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<p class="p__5">On March 5, 2021, the band Kings of Leon became the first to offer a recently released album, When You See Yourself, in the kind of an NFT, generating a reported $2 million in sales. On March 11, 2021, American digital artist Beeple's work ended up being the very first NFT artwork to be noted at popular auction home Christie's and offered for $69.</p>
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