Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => NFTs & Collectibles => Topic started by: Nostoman on March 07, 2021, 05:51:19 AM
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NFT is a type of token. NFT can not be directly exchange with one another. Also cannot be divided into smaller (satoshis) denominations. In certain ways, this attribute makes it distinct and attractive. so NFT almost unique. It is a virtual token made by cryptography, is unique and cannot be replicated.
to verifiably prove the validity and ownership of an object. NFTs are created on Ethereum's blockchain. NFT is a type of cryptographic token that refers to a specific object On a blockchain. This can either be completely digital assets or real-world assets with tokenized versions. majority of NFTs are created and traded on Ethereum, we will focus on that. NFT was traded for a lot of money. and also in future Will be. have possibility. As NFTs are not identical to each other, they may act within the digital. What your opinion?
There are many ways to learn about NFT. So here are the basic for the community to know. It just goggle analysis. So have no Source.
You can read more about NFT hype: NFT hype will calm, but the concept won't disappear, MEW founder speculates (https://cointelegraph.com/news/nft-hype-will-calm-but-the-concept-won-t-disappear-mew-founder-speculates)
Also coindesk: What Are NFTs and How Do They Work?
(https://www.coindesk.com/what-are-nfts)
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Thank you for this post, for providing information about what NFT is. And I also now understand a little what NFT is, I will continue to learn to understand what NFT is. But what I know is that many people talk about NFT but they don't understand NFT.
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As of now Im currently holding just 2 NFTs in my wallet from airdrop I joined before I dont know if they will have a value in the future for now the value of NFT tokens are quite high Its totally manipulated by some whales to make money and make FOMO in this kind of digital collections yeah its just a digital collections with no further usecase like any crypto for some its just for fun but they spent lots of money lol I still dont understand the reason with this buying NFT keep it in wallet and thats all.
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Still, NFT tokens are largely incomprehensible to me. In my opinion, the structure could have been created much more efficiently and more useful. For example, create a virtual auction for buying and selling collectibles, and these tokens could serve the operation of this auction. Moreover, many sellers and buyers of antiques want to remain anonymous.
What I see now is just hype around them, many do not understand why they are needed and how to apply and use them in the future.
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The post is written at a height, thank you for the detailed review
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I'm an artist and I've been looking for a way to know about NFT and how it works, what you've highlighted and the link provided has given me the hints I needed to get started. Thanks.