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NFT (Non-Fungible Token)


Nigel1993
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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.

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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.

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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.

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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.

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On 11/13/2021 at 8:26 PM, Firday said:

like this topic very much - let create a group for sharing

 

this might help? https://www.zaobao.com.sg/finance/story20220203-1238932?fbclid=IwAR1kq0ZSr_-iA6XC4QIHfEyJxXV5tkoPvhpL3UQbFAs8Vj9uOqZ-N0BXa0E

if not asked on Hwz, just general chatting will lead u guys to nowhere , sorry to say
https://www.facebook.com/zaobaosg/videos/1696686667354575 : u shd really view from 4mins onwds! u dont own the NFT u purchased hor, copyright and main ownership still belongs to the Artist! then why NFT? cos trends and winds made the price rise and the harmful actions of using cryptos to mine! u r paying for all the Electricity

 

u ready your cryptos like ETH to start?

 

 

 

u set your own value and it will grow if there is demand
 

On 11/16/2021 at 7:40 PM, steelwings said:

My question is how do you/we quantify its value?

And how do you/we monetise that perceived value?

i have only seen the example of an Indo boy who took a pic Everyday and then NFT it, even CNA reported on it

 

anything is possible , he priced it @ US3 ea initially but.......

 

On 2/8/2022 at 8:34 AM, Daniel_88 said:

Is a selfie picture considered an NFT ?

this series is popular: ZB_0504_CJ_doc7kof6y6s0jnyqsie8i6_031740

if u been following the NFT world & u need to also know the "metaverse" too



Saw the group but 0

On 11/19/2021 at 12:59 PM, appboy said:

I'm keen too. Set up a club for this.

 

 

 

Edited by Since u r here
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nft - @JK2E4 any comments? since u r our IT geek :
https://www.zaobao.com.sg/entertainment/story20220708-1290813?fbclid=IwAR0DjwhlO_TEnvyFVy7Zf3Al48y3BG3r3C2HTewBUvc_MAPXFZm7AoHiwsU


再当老板!林俊杰打造“Web2.5”NFT社群

 

wechat_screenshot_20220708133507.png?Ver

(the abv mbrs also claimed they wanna know more, wanna set up telegram , but ....... empty inside )

Edited by Since u r here
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even for 周星驰 , he doesnt even have a soc media a/c
once he started opening his 1st IG post , he is recruited talents in the metaverse......
https://www.instagram.com/p/Cj2yAhhSao6/

 

https://www.zaobao.com.sg/entertainment/story20221019-1324345?fbclid=IwAR3d6KLP_tga8ZfVImzIzrJ3ebOeKUUxO5v4agwFbEDTh80nizxbO_lszNI

 

 

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In the world of nft and metav

https://sure.nlb.gov.sg/read-to-be-sure-volume-2/issue2-metaverse/?utm_source=facebook&utm_medium=social&utm_campaign=RTBS-reading&utm_content=RTBS&fbclid=IwAR1Z0Glh-RIISA-3lDbRO0NMyscrXxvARXUcRFAEooaNMmj3WgRAaXbViBs
a nitemare or a virtual fantasy?? Can art b kept using nft

rtbs-vol2-iss2-web-banner.png


 

any discussions?

On 11/19/2021 at 12:59 PM, appboy said:

I'm keen too. Set up a club for this.

 

 

 

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https://www.facebook.com/story.php?story_fbid=pfbid02jVxPGGreS16ruGZDDKa9zujGqLF3hhgaSJK94d9Z7bexdjJwYEvVzS2vJCSiwSRFl&id=100044623170418

 

 
 

Visitors take a photo of the NFT (non-fungible token) artwork known as 'Bored Ape Yacht Club'

 
 

What are NFTs, and how do they work?

From their environmental impact to how grifters are cashing in, here’s what you should know about non-fungible tokens.

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