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THE BEST STRATEGY TO USE FOR WHAT THE HECK IS AN NFT - 01 - VOCAL

By raftcook6 on Monday, January 10 2022, 17:15 - Permalink


NFT 101: EVERYTHING YOU NEED TO KNOW - TRUTHS



5 million investment, with some kitties costing over $100,000 each. Following
its success, Crypto, Kitties were contributed to the ERC-721 standard, which was
then settled in January, 2018, and verified 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 since September 2018.


What's an NFT? It's What Makes GIFs Worth Big Bucks: QuickTake - Bloomberg



In 2019, Nike patented a system called Crypto, Kicks that would utilize NFTs to
confirm the credibility of physical tennis shoes and give a virtual version of
the shoe to the client. In early 2020, the developer of Crypto, Kitties, Dapper
Labs, launched the beta version of NBA Top, Shot, a task to offer tokenized
antiques of NBA highlights.


Later that year, the task was launched to the general public and reported over
$230 million in gross sales as of February 28, 2021.
https://pastebin.pl/view/598c5afb experienced quick development throughout 2020,
with its value tripling to $250 million. In the very first three months of 2021,
more than $200 million were invested on NFTs.



RUMORED BUZZ ON WHAT YOU NEED TO KNOW ABOUT NON-FUNGIBLE TOKENS (NFTS)



Blockchains such as Ethereum, Flow, and Tezos developed specific requirements to
ensure that the digital product represented are authentically unique. NFTs are
now being utilized to commodify digital properties in art, music, sports, and
other popular entertainment, with many NFTs part of the Ethereum blockchain,
while other blockchains can execute their own variations of NFTs.


What Is an NFT? Inside The Next Billion-Dollar Crypto Sensation.



In February 2021, the artist Grimes sold around $6 million worth of tokens
representing digital art on Nifty Gateway. Later that month, an NFT representing
the meme animation Nyan Cat was sold in a Web market for just under $600,000. On
February 28, 2021, electronic dance artist 3LAU offered a collection of 33 NFTs
for an overall of $11.



What's an NFT and How will NFT's Change Business? - Quantilus



On March 5, 2021, the band Kings of Leon became the first to sell a newly
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 first NFT artwork to be noted at prominent
auction house Christie's and cost $69.





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