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The NFT Market Has Collapsed, Oh No - Kotaku Things To Know Before You Get This


<h1 style="clear:both" id="content-section-0">76ers Launch Legacy NFT Collection in Partnership with Fundamentals Explained<br></h1>
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<p class="p__0">That depends. Part of the allure of blockchain is that it stores a record of each time a transaction occurs, making it more difficult to steal and flip than, say, a painting hanging in a museum. whats an nft stated, cryptocurrencies have actually been stolen before, so it actually would depend upon how the NFT is being kept and how much work a possible victim would be ready to put in to get their things back.</p>
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<p class="p__1">Most likely. Bit rot is a real thing: image quality deteriorates, file formats can't be opened any longer, websites go down, people forget the password to their wallets. But physical art in museums is likewise shockingly delicate. Yes. Most likely. A lot of the marketplaces accept Ethereum. But technically, anyone can sell an NFT, and they could ask for whatever currency they want.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://fullycrypto.com/wp-content/uploads/2021/10/NFT-News-Roundup-%E2%80%93-29102021.png" alt="NFT sales plummet nearly 90% from their peak as collectibles market cools - Currency News - Financial and Business News - Markets Insider"><span style="display:none" itemprop="caption">Fake Banksy NFT sold through artist's website for £244k - BBC News</span>
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<p class="p__2">Because NFTs utilize the exact same blockchain technology as some energy-hungry cryptocurrencies, they also end up utilizing a great deal of electricity. There are individuals working on mitigating this concern, but so far, a lot of NFTs are still tied to cryptocurrencies that generate a lot of greenhouse gas emissions. There have actually been a few cases where artists have chosen to not offer NFTs or to cancel future drops after hearing about the effects they could have on environment modification.</p>
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<h1 style="clear:both" id="content-section-1">The 25-Second Trick For SoftBank leads $93 mln investment in NFT gaming firm the<br></h1>
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<p class="p__3">Well, like cryptocurrencies, NFTs are kept in digital wallets (though it deserves keeping in mind that the wallet does specifically have to be NFT-compatible). You could constantly put the wallet on a computer system in an underground bunker, however. Think it or not, you have choices! Steve Aoki is dealing with a show based upon a character from a previous NFT drop, called Rule X.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://v2.cimg.co/news/63804/36645/responsive-images/webp-net-resizeimage___media_library_original_600_399.jpg" alt="Homepage - NFT News Today"><span style="display:none" itemprop="caption">What's All the Fuss about NFT? Taiwan FactCheck News Put on NFT Bid</span>
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<p class="p__4">There's also a show called Stoner Cats (yes, it has to do with felines that get high, and yes it stars Mila Kunis, Chris Rock, and Jane Fonda), which utilizes NFTs as a sort of ticket system. Currently, there's just one episode available, but a Stoner Cat NFT (which, obviously, is called a TOKEn) is required to watch it.</p>
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