Cryptocurrency and NonFunctional Tokens

2021.10.25

About telling a story, is about journaling rather than being real. Yet occasionally, these realities meetTry it, it can help tell the story. We wrote in September that finance and the digital economy could be transformed by nonfungible tokens (NFTs) and the crypto infrastructure. The article is inspired by the illustrations for the first edition of Alice In Wonderland. To talk about telling a story is to tell it rather than living it. Sometimes these realities collide. Is new technology showing promise? Experimenting with it might assist in telling the story. In September we wrote about the potential for the digital economy and the financial system to be transformed by the NFTs and the cryptocurrency. Nothing like an explosion of blockchain news to leave you thinking, Oh what is going on here?I have experienced that feeling while reading about Grimes getting millions of dollars for NFT’s or Nyan Cat getting million of dollars for NFTBy the time we all knew what it was about, an autographed tweet was posted for sale as an NFT. A key feature of blockchain technology is its capability for secure digital content and conditional transaction encryption. At a high level, each entry is cryptographically linked and collected in blocks.  Each of those cryptographically linked in sequence.

 

 

The Flex of Owning an Original Beeple is carried by the Ak:

The token is unique and can be held only in a single digital wallet. Anyone can view, copy or download. If this were true, then a setup would exist. NFTs invented the phrases anil dash, an entrepreneur, and Kevin McCoy, a digital artist to convey that an item. Proof that that particular token is provided by them, even if copyright or exclusive use of that work is not given by it. Herr Dash seems a little confused by their popularityI thought that if you liked an artwork, would you pay more for it just because its name was included by someone else in a spreadsheet?In April, he wrote that he would probably not. It is unique and can only be held in a single digital wallet. However, the image can be viewed, copied, or downloaded by anyone. What’s the reason for such a setup?The idea of a digital origin was invented by Anil Dash, an entrepreneur, and Kevin McCoy, a digital artist, toProof that that specific token is owned by the holder, even if it does not give them copyright or exclusive use of that work. Even Mr.  Dash seems slightly bemused by their popularity. If you enjoy an artwork, would you pay more for it just because it was included in a spreadsheet?He wrote in April that I probably would not. The artworks on the blockchain are listed in an auction catalogue. A copy is just as good as the original. The Flex of owning an original Beeple is also carried by the FlexThe Ak can be switched between active and passive. You can be both active and passive. I do remember hearing that NFTs have already ceased. Didn’t the boom go bust?But certainly you have heard from penguin community. P. Active to passive. This could be accurate. Some Penguin communities are active to passive. Correct, so. The Active to Passive method.  Long ago, communities were built on things they owned, and now it is happening with NFTs. Pudgy Penguins is a collection of NFTs that revolve around a community that’s been exceedingly popular. It is one of the early NFT projects, CryptoPunks, that had a community around it. Creating an unfettered, low cost economy is much more potent than was previously emerging. The state of the NFT is a brief snapshot of the industry that has been seeing extraordinary growth over the past year. The NFT marketplace tracker on DappRadar provides 30 day trading volumes for each of the top five marketplaces.  This is more than $2In the year 2021 it is eight billion. The total revenue generated by all NFT marketplaces accumulated over $250 million in 2020. There have been 470,000 unique blockchain wallet addresses transactions in the last 30 days on the top five marketplaces since this writing.

 

 

Decentralised Decentralised Storage System:

Attempts have been made to provide a solution. A decentralized storage system addresses the problem of broken links. There are applications that attempt to use the blockchain with minimal impact by reducing emissions. Cryptokitties might prove to have been the start of a revolution in how people live their lives onlineTime will tell. I believe there are some solutions in the works. The problem of broken links is attempted by a decentralised storage system. Some applications are attempting to touch the blockchain as little as possible and produce fewer emissions. Is that transfer from Active to Passive?Yes, that is correct. Several people are spending thousands upon NFT Pet Rocks, a website that contains the information about which the rocks serve. Why did I spend $46,300/15 ETH on a PNG file of a grey pet rock, and why is it possible to become oneThis thread continues: #EtherRock and #EtherRocks, with Z.  (@degenharambe). The NFT is able to solve a secondary sales dilemma.  A secondary sales dilemma has traditionally been able to capitalize on selling products and content atAccording to NFT, a percentage of future sales monies goes back to them.  That is encoded by the producer and any distributor.