Quantum, 2014-21, Non-Fungible Token Quantum

2021.10.06

Does it not have to be Crypto history? The term Cryptoart brings up a mix of emotions depending on who you ask. CryptoArt, and NFTs combine the worlds of time based media art, backed on the blockchain. The article outlining CryptoArt was published on January 19, 2019. A deeper outline is given by this, which would be checked out by you. It depends upon the individual you are asking. The worlds of time and media art, backed by CryptoArt, are together by NFTs and decentralized, very likely scarce. Our friends at Artnome, wrote an incredible article outlining what CryptoArt is at the time of publication January 19, 2019. The NFT redirects to a unique and not interchangeable unit of data. For other uses, see NFT.  A nonfungible token is a unique, noninterruptible token. NFTs can be used to represent easily reproducible items such as photos, videos, audio, and other types of digital items. Tokens that we can use to represent ownership of unique items are represented by NFTs. Things like art, collectibles, even real estate are allowed to be tokenized by them. The record of ownership can not be modified nor can a NFT be copied and pasted.

 

 

McCoy’s Quantum, 2014-21, Non-Fungible Token:

The story of Kevin McCoy, the man who created the first NFT, began on May 3rd of 2014. He created his nonfungible token Quantum before the crypto art market had exploded. It is an pixelated image of an octagon, filled with denoting circles, arcs, or other shapes which shareAs of today, seven million dollars are on sale for a unique quantum art piece. McCoy’s Quantum, 2014-21, Non-Fungible Token (imagecourtesy of Sotheby’s) is exceptionalBoth he and his wife Jennifer have established themselves as exceptional digital artists, over many years. A part of the art world, is deeply a part of the NFT phenomenon. It is the result of a long history of artists working with creative technology. Kevin McCoy started creating NFTs on May 3, 2014. Originally minted his nonfungible token called Quantum, way before the crypto art market exploded. A pixelated image of an octagon filled with denoting circles, arcs or other shapes which share the same center. The One of a Kind Quantum Art piece (2014-2021) is on sale for seven million dollars right now. McCoy’s performance in ‘Quantum’ is exceptional, as is the nonfungible token in ‘2014-21. ‘I enjoy digital artists produced by the establishment over many years. That means that a deeply part of the art world, is a part of the NFT phenomenon, says McCoyIt was a result of artists engaging with creative technology for a long period of time. Described as the Metaverse.  Virtual worlds such as Decentraland, Sandbox, and CryptoVoxelsVirtual Land and limited objects are sold by them. For external NFT objects they are seamless transacted by users on their purchased land. A plot of virtual land, sized sixteen acres, was sold in June 2021 for $913,228. You have approximately 20. Music Blockchain is providing musicians the possibility to tokenize and publish their work as nonfungible tokens with the technology that allows the network to work. The list of options for musicians and artists to monetize and profit from their music has been extended by this as well as other content surrounding the themes. The Pandemic to COVID 19 wrested a great deal of revenue off the music industry. In addition to their popularity growing, it is no wonder that their NFT coins also gain popularity. Currently, there are 111 NFT coins being found. There are a few ways you can purchase NFT coins, if you do not want to play the games themselves. A potential is definitely very large.  This could be seen with the rise of $AXS. The governance token used for Axie Infinity is not an NFT per se. The cost nearly quadrupled, according to Messari, the AXS has been quadrupling its price to $11 since June 22,Such gains have given a market value of $638 million.

 

 

CryptoKitties:

CryptoKitties was created by a Vancouver-based company called Axiom Zen, and quickly went viral, earning funding from top investorsIt was later spun into Dapper Labs by Axiom Zen. Between 2018 and 2021, The NFT Explosion is slowly moving into public awareness, before exploding into mainstream adoption in early 2021. Recently, it has slowly become a more mainstream art form. A Vancouver company called Cryptokitties was created by Axiom Zen and quickly went viral. Axiom Zen later spun Cryptokitties into Dapper LabsThe upcoming NFT revolution? Between 2018 and 2021, NFTs slow to become public awareness before exploding into mainstream adoption in earlyIncreasingly, the subject has become more mainstream art. The NFT representing the Meme Animation Nyan Cat was sold on the internet market for just under 600,000. A collection of 33 NFTs were sold by electronic dance musician 3LAU for a total of $1 on February 28, 2021. Seven million were raised to commemorate the three year anniversary of the record’s Ultraviolet’ release. They have a net worth of $1,351,238,055, which is used by them. The average price was 68 for Art Blocks, and the total cost was $1,020,599,263.  Active to passiveThat is 47 for Cryptopunk. The average price for an NFT is $731. 86 recorded a total sales value of $4,947,203,883. 27 NFT’s and the Metaverse.