1/17/2024 0 Comments Pop tart cat nft![]() Seventeen NFTs of the film were sold out. In July, a Singapore-based NFT marketplace, Diginoor.io inked a pact with movie production company AVM Studios to launch movie collectibles in NFT form the Rajinikanth-starrer 'Sivaji: The Boss'. The collections will include movie clips, posters, and stills. Actor Salman Khan-backed Boll圜oin, a Bollywood-based non-fungible token (NFT) platform is launching digital collectibles of the Dabangg franchise on December 30. club where Bachchan’s Madhushala poem recital sold for $7,56,000 and physical posters of Sholay and other movies that were personally autographed by him were sold for $94,052. ![]() In September 2021, Amitabh Bachchan become the first Bollywood actor to launch his own NFTs with BeyondLife. What's happening in India? In 2021, several Bollywood and sports celebrities launched NFTs. Jack Dorsey, the founder of Twitter, sold the NFT for his first Tweet for $2.9 million The NFT of the popular ‘Charlie Bit Me’ video of a baby biting his brother’s finger sold for around $761,000 in May A New York Times columnist sold an NFT-enabled article for $563,000. In March, an NFT digital artwork called "Everydays: the first 5,000 days", sold for $69.3 million. On 19 February 2021, an animated Gif of Nyan Cat - a 2011 meme of a flying pop-tart cat - sold for more than $500,000, while Christie's sale of an NFT by digital artist Beeple for $69 million set a new record for digital art. While these highlights can be seen for free, people are buying the status as the owner of a particular NFT, which is unique due to the digital signature. For example you can buy NFTs in the form of video highlights of moments from games. Art has seen some of the highest sales while in sports, fan con collect and trade NFTs relating to a particular player or team. Why own something anyone else can have? What are the post popular NFTs? NFTs exist for all kinds of videos, music, text, art even tweets. The current high prices nifties fetch may well be a bubble. What is not to like about NFTs? The large carbon footprint generated by the computing power needed for blockchains. What can NFTs be used on? Any digital content, such as art, videos, gaming items, Gifs, avatars, music, tweets, domain names. Since it is stored in blockchain, it is transparent and cannot be copied or stolen. So tokenized artwork comes with a unique digital certificate of ownership which can be sold or bought online. The minting process, from a high level, has the following steps that it goes through:Creating a new block, alidating information and recording information into the blockchain," explains a blog post on. This information is added to the blockchain where the NFT is being managed. When someone creates or mints an NFT, they execute code stored in smart contracts that conform to different standards, such as ERC-721. NFTs are minted through smart contracts that assign ownership and manage the transferability of the NFT's. Ownership is managed through the uniqueID and metadata that no other token can replicate. "An NFT can only have one owner at a time. NFT ownership can be traced and verified while the owner of the token can continue to remain pseudonymous. How do NFTs Work? Most NFTs are created and stored on the Ethereum network. ![]() Also this: Bitcoin can be broken down into smaller units but NFTs cannot be broken down and exist as a whole. How is it different from cryptocurrency? Unlike cryptocurrencies, which can be exchanged with one another,NFT is unique and cannot be exchanged with another item. They can only have one official owner at a time and they are secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence. So NFTs represent ownership of unique items like art, collectibles, even real estate. Although a painting can be copied or photographed, the original is still the original, and the replicas don’t have the same value. These things are not interchangeable for other items because they have unique properties. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, a painting or a house. For example, swapping a Rs 20 for two Rs 10 notes without losing any value. What is it non-fungible? A fungible asset is something with units that can be readily interchanged - like money. What is fungible? Anything you can swap with exactly the same value, such as money. Like any are, exposure can potentially increase the value of ownership. What about copy and paste? No matter how many times something is copied, the current ownership of the originalfile will always be provable. Owners can also programme royalties for themselves into the metadata before selling on, to receive a percentage of future sales. What can you do with an NFT? NFTs allow people to prove ownership ownership of digital assets.
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