In The Wake Of Fabricated News Asserting The U.S. Securities And Exchange Commission (SEC) Green-lit

What’s an NFT?

Lately, you may be thinking, what exactly is an NFT?

I think I’ve figured it out after literally hours of reading. So let me share that knowledge with you. You might end up being a crypto millionaire after all.

Let’s start with the fundamentals:

NFT stands for Non- Fungible -Token. Still nothing? Well, I can’t blame you for that! “Non-fungible” signifies that it is one-of-a-kind and cannot be substituted with anything else. A bitcoin, for example, is fungible — swap one for another and you’ll get precisely an identical item, if Bitcoin confused you just think of dollar, basically, it’s a fungible item, you can trade it, swap it but you’ll still get the same item after all. On the other hand, a one-of-a-kind trade card is non-fungible. You’d get something altogether different if you swapped it for a different card.

Most NFTs are, part of the blockchain, especially the Ethereum blockchain, as most of them are minted there. Ethereum, like Bitcoin or Solana, is a cryptocurrency, but its blockchain also enables these NFTs, which hold additional information that allows them to function differently from, say, an ETH coin. It should be noted that other blockchains can implement their own forms of NFTs. Like Solana, which at the moment is number 2 in most minted NFT’s.

But what exactly is an NFT? An NFT can be literally anything, such as a collage of small photographs, a space kitten with a rainbow trail, a JPEG of various variations of apes, a music song, or even a virtual place in the metaverse. The possibilities for what an NFT can be are nearly limitless.

Now that you know more about NFTs, you must be wondering where you can buy those fancy items of digital art. In a marketplace, not the one on Facebook, you won’t find anything there. Just like there is a marketplace where physical art is traded, like paintings or jewelry, in the same way, there is a marketplace where you can buy an NFT. Opensea is the world’s first and largest NFT marketplace at the moment.

Why is the value of NFTs so high? Art can have countless copies, but only one original work. That is what makes the original painting valuable and irreplaceable. Let me give you another analogy. If you come into possession of the “Mona Lisa” but want to ensure that it is the original and not a copy, you will hire an expert to do his work and verify that the painting is, in fact, the original.If you want to make sure that the painting is the original and not a copy, you will hire an expert to do the work and verify that the painting is indeed the original. Well, with NFTs, that is not necessary because from the moment an NFT gets minted on the blockchain, the NFT will have a unique cryptographic id that will make it unique, and since the blockchain is a “shared ledger,” let’s say that everyone can have a look, that means that anyone and from anywhere can instantly verify the validity and uniqueness of the digital art.

How do you sell NFTs? Essentially, you’ll post your work to a marketplace and then follow the procedures to convert it into an NFT. You will be able to offer specifications such as a task description and a proposed cost. The majority of NFTs are acquired using Ethereum. However, they may also be purchased with other ERC-20 tokens, but that is something that we will discuss in another article.

How do you make an NFT? An NFT can be created by anyone, literally anyone. All you need is a digital wallet like Metamask or Trust wallet, a small amount of Ethereum, and access to an NFT marketplace where you can upload and convert your work into an NFT or crypto art. Isn’t it simple?

Disclaimer: All information in this blog post is provided only for informational reasons. My views are entirely my own. I make no guarantees about the information’s correctness, completeness, applicability, or validity. I shall not be held accountable for any mistakes, omissions, losses, or damages resulting from its presentation or usage. All information is supplied “as is,” with no guarantees and no rights conferred. I am not a financial advisor, and this is not financial advice.

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What is the bitcoin cryptocurrency blockchain, and how does it work?

Bitcoin is a groundbreaking digital currency that operates on a decentralized, peer-to-peer network. Established in 2009, it was created by an anonymous figure or group known as Satoshi Nakamoto. Unlike regular currencies, Bitcoin does not rely on any government or banking institution for its operation but instead relies on a blockchain, a public ledger that records all Bitcoin transactions. Bitcoin has revolutionized the way money is exchanged and is becoming increasingly popular and widely accepted.

Bitcoin is an extremely valuable digital asset due to its limited supply of 21 million coins. This scarcity makes it a desirable asset for transactions and investments, as its value is likely to increase over time. Additionally, cryptocurrency is decentralized and secure, making it a reliable form of currency.

How Does Bitcoin Cryptocurrency Work?

Bitcoin is a decentralized cryptocurrency that uses advanced cryptography and algorithms to secure transactions and regulate the creation of new units. All transactions are recorded and verified on the blockchain, ensuring that the transactions are immutable and irreversible. By eliminating the need for intermediaries such as banks, Bitcoin provides a secure and reliable way to transfer value with minimal fees and low processing times.

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‘Pirate’ Streaming Apps Beat Netflix and Disney in Brazil’s Play Store

Pirate streaming apps are leading the entertainment category in Brazil's Google Play Store. These unauthorized streaming apps draw a massive audience and beat official streaming platforms such as Netflix, Disney, and HBO in download rankings. While piracy is a worldwide phenomenon, Brazil certainly stands out.

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A study exploring how knowledge workers team with AI for productivity gains shows that AI benefits workers with greater task-based experience, and that senior workers gain less from AI than their junior colleagues.

#AI #ML #Automation

Finder's Experts Predict Dogecoin Will Reach $0.16 This Year, Panelist Says ‘Luster Will Wear Off as Meme Coins Lack True Utility’ – Markets and Prices Bitcoin News

Finder’s Experts Predict Dogecoin Will Reach $0.16 This Year, Panelist Says ‘Luster Will Wear Off as Meme Coins Lack True Utility’ – Markets and Prices Bitcoin News

उत्पाद तुलना मंच के पैनलिस्ट फाइंडर की डॉगकोइन मूल्य भविष्यवाणी रिपोर्ट का कहना है कि लोकप्रिय मेम-आधारित क्रिप्टोक्यूरेंसी 2022 में $0.163 प्रति यूनिट तक पहुंच जाएगी। डॉगकोइन की अनुमानित कीमत के बारे में फाइंडर का हालिया सर्वेक्षण 33 विशेषज्ञों का लाभ उठाता है और 2025 तक, पैनलिस्टों का कहना है कि डॉगकोइन के $ 0.316 तक पहुंचने की उम्मीद है। प्रति यूनिट। फाइंडर की डॉगकोइन भविष्यवाणी रिपोर्ट जुलाई…

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Mastercard Launches Bitcoin Card In Europe And UK

Bybit, the third most popular cryptocurrency exchange, announced the launch of a debit card issued by Moorwand and powered by Mastercard.

Read Full Story: Mastercard Launches Bitcoin Card

Bitcoin Approaching $45k, Litecoin and BorroeFinance Expected to Rally

Bitcoin (BTC) has been trending higher for seven consecutive weeks, approaching the $45,000 mark. This upward trend has attracted both novice and experienced investors, driven by high optimism and ongoing discussions about ETFs. Traders expect altcoins like Litecoin (LTC) and BorroeFinance (ROE) to extend their gains alongside Bitcoin’s rise.

Litecoin, one of the major altcoins, has been in focus recently. BitPay, a crypto payment processor, has integrated Litecoin, allowing users to pay for Microsoft services using LTC. Additionally, Mecum Auctions has started accepting Litecoin as well. These developments have led to increased demand for LTC, pushing its price up to $73.60. The increasing number of transactions and active unique addresses also indicate a rising demand for Litecoin.

BorroeFinance, on the other hand, is an emerging altcoin that leverages artificial intelligence to connect investors with businesses or content creators seeking funding. The platform uses AI to assess risks and match investors with ventures aligned to their interests. BorroeFinance recently launched on the Polygon network, offering a secure and audited marketplace for earning, trading, and funding. The native token of the platform, ROE, is deflationary and powers the functionalities of the platform. In the ongoing presale, over 99% of the allocated ROE tokens have been sold. However, the long-term utility and adoption of BorroeFinance and its ROE token are yet to be tested.

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