Everything you need to know about NFTs tokens - page 5.

FanEagle

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: temple on April 26, 2021, 12:48:57 PM

Quote from: zasad@ on April 12, 2021, 10:01:19 AM

https://decrypt.co/66173/a-house-in-germany-is-being-sold-as-an-nft
A House in Germany Is Being Sold as an NFT
"The house in Kransberg is being auctioned on NFT marketplace OpenSea, with a starting price of $74,000. But it has no bidders so far.
In brief
A house in Germany is being sold as a non-fungible token (NFT).
The buyer of the NFT will be able to access unlockable content that comes with it, enabling them to contact the seller and organize the formal sale."

Interesting, but so far it is only a good option to use NFTs for auctions. When it comes to all the documentation stuff once a sale is finalized you will still need to have all the communication with relevant authorities. It will still need quite some time until you can freely and quickly houses or parts of houses on the blockchain.

For now I guess it is more suitable for artwork and so on.

I do agree with this. Houses are not easy to sell and you can't just buy NFT of that house and expect the other side to agree on the terms, they can tell you "anyone who buys this NFT will get the house" and if they decline? What are you going to do, sue them because of the NFT purchase? Which court would really care about that? This is why I think it is obvious that we should not be focusing on anything that has physical value that is sold on digital platform, we are not buying some items on amazon here, we are talking about something as big as a house.

Obviously the regular expectation for NFT is artwork, painting, digital arts, gifs, sounds, tweets, instagram posts, videos and the such, that way you know what you are getting and there is no extra steps needed. It is not a bad method, way too overpriced but at least it works like how it suppose to work.

temple

hero member

Activity: 1372

Merit: 537

Crypto Casino & Sportsbook

Quote from: zasad@ on April 12, 2021, 10:01:19 AM

https://decrypt.co/66173/a-house-in-germany-is-being-sold-as-an-nft
A House in Germany Is Being Sold as an NFT
"The house in Kransberg is being auctioned on NFT marketplace OpenSea, with a starting price of $74,000. But it has no bidders so far.
In brief
A house in Germany is being sold as a non-fungible token (NFT).
The buyer of the NFT will be able to access unlockable content that comes with it, enabling them to contact the seller and organize the formal sale."

Interesting, but so far it is only a good option to use NFTs for auctions. When it comes to all the documentation stuff once a sale is finalized you will still need to have all the communication with relevant authorities. It will still need quite some time until you can freely and quickly houses or parts of houses on the blockchain.

For now I guess it is more suitable for artwork and so on.

slashz9

full member

Activity: 1554

Merit: 101

Sometimes I wonder why people want to spend money only on pictures that are not very good in my opinion, not mean to offend, hmm but I think they already have too much money and try to spend to buy whatever they want, but there are also some people making it as an investment.
And the last thing I saw on Nasdaily was a bitcoin billionaire from India who bought nft worth 69 million $, imagine that money could be made to make new projects or other things, but he said he bought the nft for investment and he is sure the nft market will develop in the future, yes even though he lost the money he still has a lot of money in bitcoin.

here the link for the picture, i have seen the video but i forget

https://web.facebook.com/nasdaily/photos/a.699921910159964/1952853128200163/

zasad@

legendary

Activity: 1736

Merit: 4270

https://decrypt.co/69088/wrap-protocol-brings-ethereum-tokens-and-nfts-to-tezos
Wrap Protocol Brings Ethereum Tokens and NFTs to Tezos
"DeFi development firm Bender Labs has launched a decentralized bridge to bring Ethereum ERC-20 and ERC-721 tokens to the Tezos blockchain.
In brief
Tech startup Bender Labs has released Wrap Protocol—a decentralized bridge between Ethereum and Tezos.
The protocol allows users to "wrap" their ERC-20 and ERC-721 tokens and move them outside of the native blockchain."

motun01

member

Activity: 431

Merit: 18

Thank you for this trip I have been doing some research on any of the project recently when I found out that a lot of them have been doing good especially in terms of price at the moment but I still haven't been able to come up with a existing real life use cases and if there is one I will like you to kindly link me with the topic.
I really hope that nft is not just a flash in the pan like a lot of other crypto projects that claim to revolutionize a certain industry but after years of development nothing has come out of it.

zasad@

legendary

Activity: 1736

Merit: 4270

https://decrypt.co/66173/a-house-in-germany-is-being-sold-as-an-nft
A House in Germany Is Being Sold as an NFT
"The house in Kransberg is being auctioned on NFT marketplace OpenSea, with a starting price of $74,000. But it has no bidders so far.
In brief
A house in Germany is being sold as a non-fungible token (NFT).
The buyer of the NFT will be able to access unlockable content that comes with it, enabling them to contact the seller and organize the formal sale."

donatello345

jr. member

Activity: 212

Merit: 1

give me back my 2008

Many believe that this is an ordinary art that can easily be sold for a high price. But beginners need to be upset, unfortunately this is not an ordinary art - this is a tokenized valuable asset of some kind, so to speak, the same art made is backed up by something, so with each NFT token, I hope I explained it clearly

zasad@

legendary

Activity: 1736

Merit: 4270

The 10 Most Expensive NFTs Ever Sold
The NFT art scene has exploded in recent months, with nine of the ten most expensive NFT sales conducted in the last six months alone. Here are the biggest sales to date.
https://decrypt.co/62898/the-10-most-expensive-nfts-ever-sold
"In brief
Non-fungible tokens (NFTs) are unique digital assets that are generally used to represent works of art and collectibles.
A recent NFT boom attention has seen several of them sold for upwards of $1M a pop, with one selling for close to $70 million."

zasad@

legendary

Activity: 1736

Merit: 4270

Create NFTs with the Avalanche Wallet
https://docs.avax.network/build/tutorials/smart-digital-assets/wallet-nft-studio
"Besides the native AVAX token, Avalanche platform natively supports the creation of other types of digital assets: fixed-cap assets, variable-cap assets, and non-fungible tokens (NFTs).
As opposed to regular tokens, which are interchangeable (fungible), meaning that each one is the same, each non-fungible token is unique on the network, with a distinct ID making it different from any other. This enables many use cases that would be impossible with interchangeable tokens, like proof of ownership of a unique asset."

The main difference is that NTF tokens can be created very cheaply!

zasad@

legendary

Activity: 1736

Merit: 4270

An Original Banksy Has Been Burned and Turned Into an NFT
The £70,000 artwork, called Morons, was destroyed in a secret New York location today—and made into a non-fungible token.
https://decrypt.co/60070/an-original-banksy-has-been-burned-and-turned-into-an-nft
In brief
“Morons,” an original Bansky artwork has been burned and transformed into an NFT.
The 2006 work ridicules collectors who pay vast sums of money for art.

famelor

newbie

Activity: 12

Merit: 1

I still find it quite interesting because there are some really nice pieces of art out there (and not talking about over-hyped speculation NFTs).

I say, if you like something, you should buy it (if you are having enough ETH) because it makes you happy (that's the main difference to my crypto balance or bank account balance which not makes me happy).

I recently bought a few pieces for little money just for my personal pleasure and not expecting any big growth, but also created an own series for fun and the technical aspect (check out https://opensea.io/collection/cryptosheep-v2 if you're interested)

zasad@

legendary

Activity: 1736

Merit: 4270

https://decrypt.co/58109/the-story-behind-hashmasks-ethereums-greatest-art-sale
The Story Behind Hashmasks: Ethereum’s Greatest Art Sale
Hashmasks took the Ethereum world by storm when they raised $16 million in a weekend. Here’s how it all started.
2 people have made one of the largest NTF token markets to date. It took less than 2 years.

zasad@

legendary

Activity: 1736

Merit: 4270

https://decrypt.co/57948/ethereum-cryptopunks-are-selling-for-outrageous-sums-of-money
Ethereum CryptoPunks Are Selling for Outrageous Sums of Money
A picture of a male “punk” sold for over 78 ETH (≈$136,000) this morning. But critics aren't impressed.
Shaurya Malwa(C)
A CryptoPunk sold this morning for over $136,000.
The sector has experienced massive growth in the past year.
However, not everyone is impressed by the overpriced NFTs.

devil2man

member

Activity: 759

Merit: 15

we must not underestimate this type of market even if these nft look like only stickers for kids, in reality there are some that can be worth as much as this one for example CryptoKitties' Founder Cat # 18 which was sold for more than 250 eth

zasad@

legendary

Activity: 1736

Merit: 4270

https://decrypt.co/57720/ethereum-nft-market-primed-for-explosive-growth-in-2021
Ethereum NFT Market Primed for Explosive Growth in 2021
From virtual land to digital art, a comprehensive, new study delves into the booming market for non-fungible tokens.
Adriana Hamacher
Feb 15, 2021

zasad@

legendary

Activity: 1736

Merit: 4270

Selling NTF tokens is a very difficult business. Of course, the rarest specimens are very popular.

https://decrypt.co/57092/biggest-ever-nft-sale-made-as-single-axie-land-goes-for-1-5-million
Biggest Ever NFT Sale Made as 'Axie Land’ Goes for $1.5 Million
The cutesy blockchain game has seen a bump in popularity over the past year. And it can now boast of the most expensive NFT sale ever.

Nine plots of land on blockchain game Axie Infinity were sold for over 888 ETH (≈$1.5 million) yesterday, making them the most expensive non-fungible token (NFT) sale ever. The buyer was an anonymous entity known only as “Flying Falcon.”
https://twitter.com/AxieInfinity/status/1358919423763992576

TopTort777

legendary

Activity: 2282

Merit: 1435

Is there a place where I can sell (with high probability of selling) regular cards? Like binance nft cards, or the nft cards that can be easily obtained. I understand that the price will be rediculously low, but at least it will be sold.
Like cs:go cheap skins (that cost just few cents), they are useless, but still someone buys it. Because with nft, all I see that either something very-very rare is sold, either is a chance to sell all other thousand card.

zasad@

legendary

Activity: 1736

Merit: 4270

https://decrypt.co/56965/nba-top-shot-sells-2-6-million-in-nfts-in-30-minutes
"NBA Top Shot Sells $2.6 Million in NFTs in 30 Minutes
The NFT craze continues as investors line up to pump $2.6 million into the latest product of the CryptoKitties’ creators.
In brief
Dapper Labs’ NBA Top Shot blockchain collectibles had over 2,500 packs sold in a matter of minutes.
With each pack worth $999, investors spent $2.6 million.
A website glitch enabled some users to jump the queue and purchase NFTs."

RobbyDama01

newbie

Activity: 440

Merit: 0

As a beginner, I would like to thank you a lot for the information you provide in this Porum, so that I can find out what I should learn in the future.

zasad@

legendary

Activity: 1736

Merit: 4270

https://decrypt.co/56599/ahead-of-mayweather-fight-logan-paul-creates-ethereum-nfts

Ahead of Mayweather Fight, Logan Paul Creates Ethereum NFTs
"YouTuber Logan Paul will sell his own NFT-based artworks in addition to a vintage 1999 Pokémon card booster collection.

In brief
YouTuber Logan Paul will sell a series of NFT-based artworks as part of his Pokémon card booster auction.
A total of 36 booster packs and 44 NFTs will be sold, with a minimum bet of $10,000.
Paul will personally open each pack before sending them to winning bidders."

Already popular bloggers are starting to master NTF technology

Topic: Everything you need to know about NFTs tokens - page 5. (Read 1463 times)