In my opinion, NFT is a digital asset that displays real world objects such as works of art that can be viewed and traded with crypto, of course with NFT can make it easier for artists to channel their talents and works there, the results of these works can be transferred via blockchain and can sell whenever we want.
I know NFT is an artwork that is listed and ownership can be transferred from one person to another, but what am curious to know is have safe NFT is in terms of copyright and how its transaction work on the blockchain public ledger. 
Topic: NFTs and how it works - page 2. (Read 425 times)
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I clear terms what does NTF content does and how does it transactions work on the blockchain.
there are different contents in nft . there are gaming nft which can make you entertained and there are nft that works like an investment because you can resell and make profit out of them . theres also nft are good for collection and viewing purpose only because of how rare they are .
transaction of nfts in the blockchain is i think dont differ with how crypto transactions works ( e.g you also need to pay for the transaction fees to send and recieve nft , etc )
I really feel some of these NFT sales are rigged to create some hype, how can someone buy some kind of JPEG for as high as $10m, well that is crazy, selling or buying some renowned paintings of humans and places are understandable not some kindergarten sketch. Well, I just join the hype to make some dollars though, my only issue is the high gas fee on ERC20.
I am sure that there are some to make it rigged, after all if you have the money to do that then why not pay yourself 10 million dollars to make the news, easy marketing. However I can guarantee you that there are idiots who do pay insane amount of money for these kinds of stuff. Not long time ago someone bought an NFT for 69 million dollars.It was all of the paintings from some famous painter all combined into one file, and the NFT went for 69 million, can you imagine that? That one wasn't fake, it was real and that painter probably made more money with that one single painting than all of his life earnings combined (I am guessing). Even though there are some fake ones, there are still some idiots who end up spending millions on some computer file, the real painting at least has some physical value, the data that you are paying so much for definitely doesn't have any at all.
I know NFT means none fungible tokens, and it is artists’ content such as artwork that is held and sold on the blockchain, but my confusion is how it works I have been researching about it for some time now and will like to get good knowledge before I buy some.
I clear terms what does NTF content does and how does it transactions work on the blockchain.
I clear terms what does NTF content does and how does it transactions work on the blockchain.
NFT isn't just about artwork. This is a digital form of the services offered. for example there is a company making "x" and he offers value "x" with the NFT they make. and NFTs are usually made in smart contracts almost like ICOs. The difference is that NFT can directly interact with certain websites.
NFTs are basically artwork, tickets, music, etc that is put on a blockchain which means every transaction it has will be permanently stored on the blockchain. Because if this I think sporting events, stores, theaters and etc will also use NFTs as proof that it yours. This also means that if tickets sell out, you can sell them on the blockchain to others who missed out on the original sale. It give opportunities for the common man to also make money on these events. There is so much that NFTs will be used for once the technology is better and gas fees are lower. I currently mint and buy NFTs on NEAR and SOL because gas fees are low and their networks are much faster than ETH. Right now the NFT craze is just focusing on art but in the future it will be much more than that, it’s a concept that helps make people’s lives easier and is also environmental friendly.
I have been in the cryptocurrency arena for some time now but am still finding it hard to understand what NFTs are and what it stands for and its usability.
I know NFT means none fungible tokens, and it is artists’ content such as artwork that is held and sold on the blockchain, but my confusion is how it works I have been researching about it for some time now and will like to get good knowledge before I buy some.
So I brought my question here?
I clear terms what does NTF content does and how does it transactions work on the blockchain.
your knowledge is enough, you have an understanding, I think NFT is now relevant for young artists and talented people in this direction, if you are exactly the person who can create and draw, then it will be easiest for you, there are many sites where you can perpetuate your NFT in the blockchain. I know NFT means none fungible tokens, and it is artists’ content such as artwork that is held and sold on the blockchain, but my confusion is how it works I have been researching about it for some time now and will like to get good knowledge before I buy some.
So I brought my question here?
I clear terms what does NTF content does and how does it transactions work on the blockchain.
I really feel some of these NFT sales are rigged to create some hype, how can someone buy some kind of JPEG for as high as $10m, well that is crazy, selling or buying some renowned paintings of humans and places are understandable not some kindergarten sketch. Well, I just join the hype to make some dollars though, my only issue is the high gas fee on ERC20.
Some of NFT's are used for further advantage such as staking power, limited edition crypto collectibles, in game use inventory and the most important thing is that artists use this to sell their works. It helps them digitally sell their work and blockchain avoids the creation of fake ones. Many projects adopt to this that why it's becoming popular.
I have been in the cryptocurrency arena for some time now but am still finding it hard to understand what NFTs are and what it stands for and its usability.
I know NFT means none fungible tokens, and it is artists’ content such as artwork that is held and sold on the blockchain, but my confusion is how it works I have been researching about it for some time now and will like to get good knowledge before I buy some.
So I brought my question here?
I clear terms what does NTF content does and how does it transactions work on the blockchain.
If you've researched so much about NFT, why don't you know about NFT and its uses? because in general explanations about NFT are always written in complete words before being shortened to NFT, I saw this on a website that I read today and you can also read it carefullyI know NFT means none fungible tokens, and it is artists’ content such as artwork that is held and sold on the blockchain, but my confusion is how it works I have been researching about it for some time now and will like to get good knowledge before I buy some.
So I brought my question here?
I clear terms what does NTF content does and how does it transactions work on the blockchain.
https://www.forbes.com/advisor/investing/nft-non-fungible-token/
I have been in the cryptocurrency arena for some time now but am still finding it hard to understand what NFTs are and what it stands for and its usability.
I know NFT means none fungible tokens, and it is artists’ content such as artwork that is held and sold on the blockchain, but my confusion is how it works I have been researching about it for some time now and will like to get good knowledge before I buy some.
So I brought my question here?
I clear terms what does NTF content does and how does it transactions work on the blockchain.
join the discussion. The most interesting facts can be found in this thread.I know NFT means none fungible tokens, and it is artists’ content such as artwork that is held and sold on the blockchain, but my confusion is how it works I have been researching about it for some time now and will like to get good knowledge before I buy some.
So I brought my question here?
I clear terms what does NTF content does and how does it transactions work on the blockchain.
Everything you need to know about NFTs tokens
https://bitcointalksearch.org/topic/everything-you-need-to-know-about-nfts-tokens-5274952
But before buying, I would advise you to think over your investment very well.Because in the future, many tokens will become useless.
One thing is for sure, as long as there is a demand for something then the price of that will always go up and will always be profitable. NFT games are becoming a huge thing but only axie managed to keep the interest going more than 3 months, nothing else has stood the test of time and that is all because of demand. If we could end up somehow with a great game then I would be quite happy about it, because we need more and more NFT games, but just like the DeFi world there are a billion of them and only a few makes profit for the people.
Look at Cake and Uni, you are making free money by just having money, normally their price should crash, but it didn't? While all the other defis dropped in price, those two are staying strong, why? Because there is a demand for them. Which means NFT could be as good as there is a demand, without demand they worth zero.
Look at Cake and Uni, you are making free money by just having money, normally their price should crash, but it didn't? While all the other defis dropped in price, those two are staying strong, why? Because there is a demand for them. Which means NFT could be as good as there is a demand, without demand they worth zero.
I understand gaming NFT projects more than art NFT and gaming NFT are easier to sell on exchange it's not same story with art NFT, I'm confused how few art NFTs are been sold for millions of dollars I wish someone can explain how possible this is? If I have to advice anyone to invest in NFT it will be in gaming NFT projects not art NFT
It is easier to understand NFT games because there's also a marketplace that you can easily sell those NFT from that game you play. Unlike the arts NFT, you can also sell that on specific marketplaces but we're not all art fans and what they see is what we can't see.It's simple as that because art is also a huge market and we tend to not understand what's with it and those NFTs for arts, especially the collectors, they do understand how big the market is for it.
I understand gaming NFT projects more than art NFT and gaming NFT are easier to sell on exchange it's not same story with art NFT, I'm confused how few art NFTs are been sold for millions of dollars I wish someone can explain how possible this is? If I have to advice anyone to invest in NFT it will be in gaming NFT projects not art NFT
It's just like you're buying the original painting but it's digital. And NFT proves that you have the exact piece of art that can be named original.
It was a little tricky for me to at the beggining. And i still don't really understand value of monkey NFT's.
It was a little tricky for me to at the beggining. And i still don't really understand value of monkey NFT's.
It's more like you have the copyrights of the art and other people could not share it freely on the website or use it as their contents.
It's different from buying painting maybe because it's digital and everybody could relish their eyes because everybody could see it.
So it's more like buying the rights and become not shareable anymore if not get the buyer permission
The hell and dramatic loss wait for you. You can get rich with NFT Gaming and Play to earn if you are smart and adaptive to trend and choose good games.
NFT arts, is a FOMO party and you will not able to get your capital when the party is over.
Are you trying to tell me that there are no real contents in circulation that can be worth millions of dollars in the future because one may not want to play an NFT game and just buy an artist's work and hold for the future? NFT arts, is a FOMO party and you will not able to get your capital when the party is over.
NFT is just like ICO, IEO, and Defi, it is a way to invest in the digital content of artists that is listed on the stock exchange, the ownership of this content is transferred through the blockchain and can be sold at any time as long as the content is listed.
Invest? It is not investment and it is gambling.You can join NFT Gaming and play to earn but if you buy NFT arts and consider them as investment. The hell and dramatic loss wait for you. You can get rich with NFT Gaming and Play to earn if you are smart and adaptive to trend and choose good games.
NFT arts, it is a FOMO party and you will not able to get your capital when the party is over.
I have been in the cryptocurrency arena for some time now but am still finding it hard to understand what NFTs are and what it stands for and its usability.
I know NFT means none fungible tokens, and it is artists’ content such as artwork that is held and sold on the blockchain, but my confusion is how it works I have been researching about it for some time now and will like to get good knowledge before I buy some.
So I brought my question here?
I clear terms what does NTF content does and how does it transactions work on the blockchain.
All data about sellers, buyers, transactions are stored in the blockchain. And as you know, the more participants in the network, the greater the load. Therefore, if you want to use the ETH NFT marketplace but be prepared to pay thousands of dollars for any actions on the network I know NFT means none fungible tokens, and it is artists’ content such as artwork that is held and sold on the blockchain, but my confusion is how it works I have been researching about it for some time now and will like to get good knowledge before I buy some.
So I brought my question here?
I clear terms what does NTF content does and how does it transactions work on the blockchain.
Eth PoW has not been able to cope with such a colossal load for a long time, which ultimately turned the NFT market within its ecosystem into a monopoly. Try to explore more suitable NFT blockchains like Near Protocol, Solana. Their blockchain is thousands of times faster than ETH and the cost of any commission fees is $ 0.01 Therefore, if you are just starting your way to learning NFT, it is better to start with these projects. There are quite a few popular NFT platforms within their ecosystems.
NFT is just like ICO, IEO, and Defi, it is a way to invest in the digital content of artists that is listed on the stock exchange, the ownership of this content is transferred through the blockchain and can be sold at any time as long as the content is listed.
Here you can see the NFTs that are examples of what the other users told you.
https://rarity.tools/upcoming/
But I don't recommend you to buy any of that without proper research because as you can see their price are quite expensive and with one bad move, you could end up losing everything you have as an investment. I just want you to see the examples and what it is all about for educational purposes.
Also there are NFTs that character or items in a game.
https://rarity.tools/upcoming/
But I don't recommend you to buy any of that without proper research because as you can see their price are quite expensive and with one bad move, you could end up losing everything you have as an investment. I just want you to see the examples and what it is all about for educational purposes.
Also there are NFTs that character or items in a game.
It's just like you're buying the original painting but it's digital. And NFT proves that you have the exact piece of art that can be named original.
It was a little tricky for me to at the beggining. And i still don't really understand value of monkey NFT's.
It was a little tricky for me to at the beggining. And i still don't really understand value of monkey NFT's.
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