Blockchain X

Blockchain X

1628005113

What are NFTs and what will their evolution be?

The popularity of non-fungible tokens or Non-fungible tokens (NFT) has skyrocketed in recent months and, with it, the doubts surrounding this new phenomenon. Therefore, and to clarify possible doubts about what exactly this concept consists of, in this article we explain what NFTs are and we predict their evolution in 2021.

What are NFTs?

We could define a token as a “contract” in which it is stipulated that a person owns a unique and irreplaceable copy of a digital asset, along with that asset. To ensure that the “contract” is safe and truthful, it is stored on a public network, which is blockchain technology . The fact of being on the blockchain development company guarantees that it is auditable and that if these buyers decided to sell said contract for the possession of a single asset, it could be followed up.

Tangible assets that can be touched and seen, such as stamps, works of art, or jewelry are often given value. Now more and more it is also being done with intangible goods that, although we see, are not material. Although cryptocurrencies come close to this definition, NFTs go further, applying this concept to objects oriented, especially to collecting.

Unlike cryptocurrencies, NFTs are not interchangeable because they are unique, although there may be copies outside. However, an NFT can be sold to someone else. Also, most of these “tokens” are written on the Ethereum network .

The relevance of the NFT’s comes from the fact that its origin can be assured by introducing a code in the programming . This allows that if the work is sold to another owner, the transaction is recorded in this public network, which can be ethereum or another, and the creator or artist will be remunerated with a percentage for each transmission of the same. In this way, digital targets with many business possibilities can be uniquely represented.

Examples of NFT’s

As in the world of cryptocurrencies, tokens work as something speculative. One of the most famous sales of NFT’s was carried out by the renowned American boxer and youtuber Logan Paul. A few months ago he put 3,000 NFT’s of Pokemon cards up for sale and in a few days he sold all the assets for 5 million euros.

The interesting thing about this action is the value that these cards will have in the future , since in 2021 they have cost 2,000, but it is estimated that in 2030 it could increase to 30,000.

Another well-known case is that of artist Mike Winkelmann, nicknamed Beeple, who sold his NFT “EveryDay — The First 5000 Days” in March for $ 69 million.

On February 19, the GIF of Nyan Cat or “cosmic cat,” probably the best-known cat meme since 2011, sold for $ 500,000.

 

A few weeks later, Canadian singer Grimes sold a collection of digital works for more than $ 6 million. But art is not only sold through NFTs. Jack Dorsey, the founder of Twitter, decided to put his first tweet on the social network up for sale for $ 2.9 million.

NFT ARTWORK THEFT

With the rise of NFTs, thefts of digital works of art have also increased . At the end of March, the NFT platform Nifty Gateway reported the theft of its entire collections of NFTs being their accounts hacked, which triggered the theft of digital assets valued at $ 150,000 and the purchase of others through their credit cards.

The platform assured that users who had been hacked for not having two-step authentication activated. This is the main problem with tokens. Even if there is an original version of the artistic product, it does not prevent multiple copies from being made. However, there is only one original, whose ownership is recorded on the blockchain.

How to do an NFT step by step

An NFT is simply the stamp we put on something to say that it has a single or multiple owner. We can make NFT’s with everything, with music, images, with land in a virtual field, etc. It is a new way of verifying ownership.

We can all create an NFT and the process is very simple. You just have to follow the following steps:

1. Scan a file

The first thing we have to do is digitize a file. Although it sounds very complicated, we all do it day by day. For example, when we take a photo with the mobile, a screenshot, when we record an audio on WhatsApp, etc. We are making something that surrounds us something digital. If we take a picture of a plant and upload it to a social network there we already have an image that, if we wanted, we could create an NFT with it.

2. Register a “node” on the blockchain network

We could auction this image that we have created so that someone could buy it from me for a value of one ether, for example. Let us remember that this contract that we put on the image to say that it belongs to someone, what we do is deliver the digital asset (image) with the seal.

In order to transfer this image with the seal to someone, you must be within the blockchain network, which is the one that works. To do this, you have to register a node. This is like registering your IP address on the blockchain network. It has an associated cost that is moderately low, currently ranging between 19 and 40 dollars.

3. Minting or coined

Finally, once inside the network, all that remains is to put the seal on your digital asset, which is the process called minting or coining. It is currently a fully automatic process with many platforms. One of the platforms with which you can do it is Open Sea.

How to measure the price of an NFT

To understand how the price of an NFT is measured, you have to understand where the value resides. It depends fundamentally on three factors:

1. Rarity or scarcity

When we talk about rarity or scarcity, the fact that an element is unique or that there are very few series of something gives it a lot of value. Imagine a painting by Picasso. We have a unique copy of a painting that has been hand painted by Picasso. It is scarce because only that painting exists, despite the fact that there are thousands of replicas. No matter how similar they are to the original, that does not make the copies have value, since the value of the painting is given by the fact that it was painted by Picasso.

Therefore, that scarcity and that rarity is what gives value to that digital asset.

2. Utility

Second, the usefulness of the asset must be taken into account. You may be selling tokens of something that has a value. For example, you can sell a piece of land from a virtual world, since that virtual world is a kind of game and people can do things in it. This has a specific utility which is that you can later build a house or whatever you want.

In short, if the token is useful this will give it a value.

3. Property history

Lastly, the ownership history is also very important. If I have created an image because I am a digital artist, I auction it off and a very famous person you know buys it, this will also add a lot of value to the NFT.

If you try to sell any digital asset, they can buy it from you but surely you cannot give it the value you want because it does not depend on you.

The Future of NTFs and the Blockchain Industry

This market for crypto art and Non-fungible tokens or NFTs is expected to maintain the same growth curve despite the slight drop in popularity in recent weeks. In fact, according to a study carried out by the firm Invezz, there are no signs that the NFT market is a bubble and the volume of operations is expected to reach 145 million euros by October .

It is true that the NFTs have had a boom in the press for these large purchases that we have mentioned above. There have been a lot of purchases that apparently may seem useless to us. These large purchases are likely to stop because in the end it is a technology that is being born.

However, it is a great opportunity for digital artists to have control over the ownership of assets and then they can have a greater right to royalties. It is a system that greatly benefits artists and creators of digital content.

Apart from what happens with NFTs, blockchain technology and decentralized finance have come to stay. A fairly large growth is anticipated in the market and it will create a huge disruption in terms of the accessibility and availability of basic financial products.

What did you think of this article about what NFTs are ? Leave your comments and share!

Finally and to help understand the global panorama of blockchain and financial technologies, at IEBS we offer the Master in Blockchain and Fintech , an innovative program to learn about the operation of the blockchain as distributed systems and understand the architecture and fundamental algorithms that are based, among other things. We will wait for you!

What is GEEK

Buddha Community

What are NFTs and what will their evolution be?

Alpha Evolution Vital Keto Advanced Formula

Alpha Evolution Vital Keto is a natural and healthy fitness supplement for the body. This is the kind of supplement that people can use to make sure that they get the perfect fit. This supplement makes use of ketosis and the metabolism for getting the fat to be burnt away.

https://sites.google.com/view/alphaevolutionketocanadareview/home
https://sites.google.com/view/alpha-evolution-vital-keto-buy/home
https://sites.google.com/view/alphaevolutionvitalketoorder/
https://sites.google.com/view/vitalketoadvancedformula/home

#alpha evolution keto #alpha evolution vital keto #alpha evolution vital keto reviews #alpha evolution keto canada #alpha evolution vital keto canada #alpha evolution reviews

Gwen  Torphy

Gwen Torphy

1625654220

What are NFTs | Why NFTs are so expensive | Why people are buying NFTs | Explained

What are NFTs?
Nonfungible tokens are a type of digital asset created to track ownership of a virtual item using blockchain technology. … NFTs have boomed in popularity this year along with a rise in the values of digital currencies, like ether and bitcoin.

Why NFTs are so expensive?
Traditional works of art such as paintings are valuable because they are one of a kind. But digital files can be easily and endlessly duplicated. With NFTs, artwork can be “tokenised” to create a digital certificate of ownership that can be bought and sold.

Why people are buying NFTs?
The CEO of SuperRare, another NFT site, told Insider people are motivated to buy NFTs because it provides a unique connection to the creator that does not exist with any other art form. Crypto art has also spawned entire communities online.

Read more on "Fundamentals of ‘Blockchain Technology’ and Problems with current banking system " on : https://bit.ly/3h4lIlN

Follow us on Instagram : https://www.instagram.com/seevecoding/

#nfts #developer

ADELAIDE JANNE

ADELAIDE JANNE

1623090600

NFTs WILL EXPLODE WITH GAINS THIS YEAR!! Billionaire Investors Join NFT craze

0:00 Intro
0:30 The Next Frontier!
2:00 Chamath on NFTs
4:55 A message to Chamath
5:30 Gary Vee joins in
6:19 Mark Cuban
7:50 Bitcoin News
8:13 EllioTrades CryptoPunk Drop
16:30 3 Years in the making!!
19:00 Thank YOU!!!

📺 The video in this post was made by EllioTrades Crypto
️ The origin of the article: https://www.youtube.com/watch?v=sAj83IJ7N9k

🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
⭐ ⭐ ⭐ Join to Get free ‘GEEK coin’ (GEEKCASH coin)! ☞ https://geekcash.org⭐ ⭐ ⭐
(There is no limit to the amount of credit you can earn through referrals)
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #nfts #gains

What is NFT Stars (NFTS) | What is NFT Stars token | What is NFTS token

In this article, we’ll discuss information about the NFT Stars project and NFTS token

The new multi-chain NFT marketplace  NFT STARS is preparing for its Initial DEX Offering and is about to open its ecosystem to the public. The company aims to help a broader audience discover and get involved in the NFT space. Its products and services target artists, digital art lovers, NFT gamers, investors, startup founders and corporations wanting to enter the NFT world.

The recent spike in NFT sales has pushed many industries and companies unrelated to crypto to consider the benefits of non-fungible tokens and how to apply them to their advantage. Big luxury brands like Louis Vuitton, Prada and Cartier have entered the blockchain world to reinforce the exclusivity of their luxury items with NFTs. The brands are seeking to create a database of luxury products and unique digital identities assigned to their goods, proving their authenticity. But as these companies operate in a completely different sphere, they require a lot of resources to create an NFT solution that meets their needs and is reliable.  NFT STARS aims to ease the point of entry for such companies with its White Label solution.

NFT STARS White Label Solution

NFT STARS is a new NFT marketplace that is pursuing the goal of making NFT more accessible to different market actors. White Label is one of many unique NFT solutions offered by the company. NFT STARS is a customized platform for exclusive brands and those who want to launch their own marketplace. Instead of developing everything from scratch, companies can buy a time-proven back-end code base and customizable front-end from NFT STARS.

The White Label solution addresses multiple issues at once. NFT STARS is a team of NFT and blockchain experts who have extensive experience in these fields. This serves as a security guarantee. A brand doesn’t need to go through multiple iterations, trial and error, instead it can source a solution that’s compliant with robust security standards. Moreover, by integrating a ready-made solution and adapting it to the brand’s specific needs, the time to market can be significantly reduced. Instead of spending months looking for skilled engineers, approving the roadmap and building a solution, the brand can acquire a pre-made marketplace, needing only to add the finishing touches. Lastly, the NFT STARS White Label solution helps companies to cut costs. The money saved on development can be invested in marketing.

Meet NFT STARS

Besides the White Label solution, NFT STARS introduces many brand-new products and services. The distinctive feature of the marketplace is its selective approach to artists. Every creator featured on the platform goes through a screening process or is picked by the NFT STARS community. The chosen Stars will receive special treatment:

  • Gas-free NFT minting
  • Collective NFT ownership
  • Fractional NFT trading
  • A personal manager
  • NFT Pricing Scanner
  • Opportunity to host an exhibition in a personalized AR gallery

Another innovation introduced by NFT STARS is a 24/7 NFT radio station featuring promising artists. NFT STARS also introduces a completely new way to fund a business idea — Initial NFT Offering. Startups go through two rounds of funding and users can purchase NFTs to farm the project’s native tokens.

The NFT STARS ecosystem is powered by its native token NFTS. The token provides its holders with access to premium features and other benefits. Users with NFTS on their balance will be eligible for NFT discounts, platform liquidity mining, participation in platform governance and will have some advantages when participating in the Initial NFT Offering.

The NFT Future That NFT STARS is About to Bring

NFT STARS is a new marketplace that enables NFT liquidity flow on multiple blockchains. It leverages the strongest aspects of non-fungible tokens so it can offer unique products and services to artists, digital art lovers, investors, and startup founders.

Careful Selection and Special Treatment of the Stars

The NFT STARS mission is to select skilled artists and help them stand out in the highly competitive NFT market. Every artist present on the marketplace is picked by the executive board or the community. That way, the marketplace isn’t flooded with creators speculating on the growing interest in NFT. NFT STARS is going for quality, not quantity.

Selected artists get special treatment: designers have personal managers, they can consult with the legal department on any matter and their works will be promoted on social media through interviews and other marketing activities. One of the biggest advantages for artists on NFT STARS is the Gas-free minting. The NFTs are minted at the time of sale and the purchaser pays the Gas expenses of the process.

Personalized Gallery

The fact that art is digital doesn’t mean it can’t be appreciated and consumed the way traditional paintings are. NFT STARS provides every creator with a chance to host their first exhibition in a personalized gallery, powered by Augmented Reality technology. The galleries will be available on the screens of smartphones, giving users a unique opportunity to learn more about the artists and their work from the comfort of their homes.

NFT STARS has gone one step further and is about to host its first offline NFT exhibition and conference in Melbourne, Australia in July this year. The team aims to show people the beauty of NFTs and educate them on what goes into creating one.

NFT Ownership Collaboration

On the NFT STARS marketplace, creators will find brand new features like collaboration sales. This allows a group of artists to create an NFT as a team and sell it collectively. The proceeds will then be distributed to each team member. NFT STARS removes all obstacles and creates a favorable environment for artists to grow and collaborate.

Fractional NFT Trading

The platform that aims to be ‘exclusive’ in terms of the artist it represents is also striving to be ‘inclusive’ when it comes to users interested in digital art. NFT STARS enables fractional NFT trading to open the market up to users who have been priced out. Artists, in turn, can sell a small portion of their creations and retain ownership.

Initial NFT Offering

NFT STARS introduces a completely new way to fund a business idea — Initial NFT Offering. The marketplace serves as a launchpad for creative platforms where they go through two rounds of funding and users can purchase NFTs to farm the project’s native tokens.

How and Where to Buy NFTS ?

NFTS token is now live on the Ethereum and Binance mainnet. The token address for NFTS is 0x08037036451c768465369431da5c671ad9b37dbc. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough ETH or BNB in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Uniswap or Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

Transfer $ETH, $BNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask wallet to Uniswap or Pancakeswap Decentralized Exchange and Buy, Swap NFTS token

Contract: 0x08037036451c768465369431da5c671ad9b37dbc

Read more:

What is Uniswap | Beginner’s Guide on How to Use Uniswap
What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap

The top exchange for trading in NFTS token is currently Uniswap v3, Pancakeswap v2

Find more information NFTS

WebsiteExplorerExplorer 2Social ChannelSocial Channel 2Social Channel 3Message BoardMessage Board 2Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!

☞ **-----https://geekcash.org-----**⭐ ⭐ ⭐

I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #nfts #nft stars

What is Evolution (GEN) | What is Evolution token | What is GEN token

In this article, we’ll discuss information about the Evolution project and GEN token

Evolution project is the first to introduce elastic emission of token per block making the next step in the yield farming industry. It adds powerful layer to tokenomics and strengthens sustainability of the farm. Emission is tied up to the price of the token — it speeds up when the price goes up and slows down when it drops. Such correlation will significantly improve stability of the farm.

Evolution is coming to yield farming — please welcome eponymous project with features that will take your farming to the next level.

Until now modern approach of well known yield farms stood on entry fees, buys back, burns, lotteries and other mechanisms to improve tokenomics viability. Yet is seems to be not enough for most of the farms to remain sustainable.

NFTs market

NFT market received couple of commonly asked for features:

  • filtering
  • sorting

Evolution — Tokenomics

Total Supply: 319,946

Evolution selects best traits and mixes it together with new mutations and so does **Evolution **when it comes to tokenomics.

To significantly slow down if not reverse natural course of token price movement Evolution introduces elastic coin per block emission and sets new standard in the industry. This mechanism by itself has enough power to guard equilibrium.

Apart from that other forces will also aim to sustain the balance.

**Fees from farms (4%) **will be usedfor

  • buyback 80%
  • project promotion and development 20%

**Opening loot boxes, trading NFTs and Evolution **will burn GEN token

Funds from pre-sale will form initial liquidity pool and driving force for project promotion and development (50/50)

Combining proven approach with evolutionary elastic emission mechanics and packed road map Evolution team aims to become yield farm platform

How and Where to Buy Evolution (GEN)?

GEN token is now live on the Binance mainnet. The token address for GEN is 0xB0F2939A1c0e43683E5954c9Fe142F7df9F8D967. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

Transfer $WBNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap GEN token

Contract: 0xB0F2939A1c0e43683E5954c9Fe142F7df9F8D967

Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once GEN gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com
 ☞ https://www.bittrex.com
  ☞ https://www.poloniex.com
  ☞ https://www.bitfinex.com
  ☞ https://www.huobi.com

Find more information GEN

WebsiteWebsite 2ExplorerSource CodeSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #gen #evolution