Nigel1993 Posted October 31, 2021 Report Share Posted October 31, 2021 A non-fungible token is a type of cryptographic token that represents a unique item. These items may be digital or physical and represent things like sneakers, art, a plane ticket, university degree, commercial real estate, or in-game items for an online game. NFTs enable owners of a unique item to prove their ownership and the authenticity of an item. NFTs enable businesses or individuals buying and selling items in a marketplace the freedom to trust that the item they'll receive is truly authentic since the NFTs unique ID will match up with either the original issuer of the item or the service which performs authenticity checks. Quote Link to comment Share on other sites More sharing options...
mantin30 Posted November 12, 2021 Report Share Posted November 12, 2021 On 11/1/2021 at 1:55 AM, Nigel1993 said: A non-fungible token is a type of cryptographic token that represents a unique item. These items may be digital or physical and represent things like sneakers, art, a plane ticket, university degree, commercial real estate, or in-game items for an online game. NFTs enable owners of a unique item to prove their ownership and the authenticity of an item. NFTs enable businesses or individuals buying and selling items in a marketplace the freedom to trust that the item they'll receive is truly authentic since the NFTs unique ID will match up with either the original issuer of the item or the service which performs authenticity checks. When we received the NFT that represents for eg a physical item like a sneaker, does the sneaker still at the ex owner's place? How does it different from selling the sneaker at carousell for eg? Does it mean that instead of putting a picture of the sneaker on carousell, now seller can put a NFT for the sneaker at carousell? I a bit confused. Quote Link to comment Share on other sites More sharing options...
firefight Posted November 12, 2021 Report Share Posted November 12, 2021 On 11/12/2021 at 6:34 PM, mantin30 said: When we received the NFT that represents for eg a physical item like a sneaker, does the sneaker still at the ex owner's place? How does it different from selling the sneaker at carousell for eg? Does it mean that instead of putting a picture of the sneaker on carousell, now seller can put a NFT for the sneaker at carousell? I a bit confused. In this case the NFT acts as your proof of ownership of the physical item. You can store the item anywhere you like. And of course, since you own the item itself, you can make derivatives of the item and sell them as physical items or digital items by issuing NFTs that are linked to your original NFT. So those derivatives can be traced and be proven are issued by the original owner. Quote Link to comment Share on other sites More sharing options...
Firday Posted November 13, 2021 Report Share Posted November 13, 2021 like this topic very much - let create a group for sharing Quote Link to comment Share on other sites More sharing options...
steelwings Posted November 16, 2021 Report Share Posted November 16, 2021 My question is how do you/we quantify its value? And how do you/we monetise that perceived value? Quote Link to comment Share on other sites More sharing options...
appboy Posted November 19, 2021 Report Share Posted November 19, 2021 I'm keen too. Set up a club for this. Quote Link to comment Share on other sites More sharing options...
Guest Chiva Som Posted November 19, 2021 Report Share Posted November 19, 2021 Still cannot get my head around cryto, NFTs, etc... Need to know more about this metaverse world. Quote Link to comment Share on other sites More sharing options...
Daniel_88 Posted February 8, 2022 Report Share Posted February 8, 2022 Is a selfie picture considered an NFT ? Quote Link to comment Share on other sites More sharing options...
mantin30 Posted February 9, 2022 Report Share Posted February 9, 2022 Is nft sort of a scam? https://futurism.com/evidence-nft-sales-fake/amp Quote Link to comment Share on other sites More sharing options...
mantin30 Posted February 9, 2022 Report Share Posted February 9, 2022 I read that in order to put the nft in the market, need to pay gas fees for the minting process and it isn't cheap. Quote Link to comment Share on other sites More sharing options...
nerrad Posted February 27, 2022 Report Share Posted February 27, 2022 Are there other local nft artists here? Thinking of discussing maybe in a telegram group? Just minted some and wish to discuss how to do more publicity about them. Quote Link to comment Share on other sites More sharing options...
appboy Posted February 27, 2022 Report Share Posted February 27, 2022 On 2/27/2022 at 10:02 PM, nerrad said: Are there other local nft artists here? Thinking of discussing maybe in a telegram group? Just minted some and wish to discuss how to do more publicity about them. I don't think there are many NFT artists who are gay or interested in NFT. You are better off asking your questions in Facebook groups. Will share if you are keen. Quote Link to comment Share on other sites More sharing options...
nerrad Posted March 16, 2022 Report Share Posted March 16, 2022 Can pm me Quote Link to comment Share on other sites More sharing options...
radiusulnar Posted October 18, 2022 Report Share Posted October 18, 2022 just looking at the chart makes me head spin. i think i will avoid. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.