NFT

Jan
09
2022
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By Ellen Britt
NFT Glossary Deep Dive: Sweep The Floor

NFT Glossary Deep Dive: Sweep The Floor

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Ellen Britt for CNT #NFT Even if you hate to clean your house and dread sweeping the floor, you will definitely want to know how buyers and sellers use this broom to their advantage! Sweeping the floor means to purchase, in the secondary market, a large number of the lowest priced NFTs in a collection. And if you are confused about the term “floor” you can find a more in-depth discussion of the term right here. The Two Types Of Floor Sweepers There are two types of people who routinely sweep the floor: project owners and buyers. When project owners…
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Jan
09
2022
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By Troy Warren
These celebrities are bringing NFTs to the mainstream — and cashing in

These celebrities are bringing NFTs to the mainstream — and cashing in

In The News, NFT,
 | BusinessOfBusiness.Com Troy Warren for CNT #NFT NFTs are a hot commodity, and celebrities like Grimes, Jack Dorsey, Shawn Mendes, and Paris Hilton are making millions selling them. Almost overnight, NFTs have taken the art, sports, and entertainment worlds by storm. The mainstream boom kicked off (more or less) with none other than Logan Paul, who was recently voted the second most hated person on the internet. But hate and clout aren’t mutually exclusive. Late last month, Paul sold $5 million worth of NFTs with his first launch in the crypto space. Most recently, the SMHPI (second most hated person on the internet)…
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Jan
08
2022
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By Troy Warren
Range Media to Give Clients Access to NFT Tech Through Recur Deal

Range Media to Give Clients Access to NFT Tech Through Recur Deal

Digital, NFT, Technology, , , ,
BY  J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT #NFT  #Digital  #Technology Recur is the company behind digital collectibles for Sanrio's Hello Kitty and ViacomCBS' content library. Range Media Partners is linking up with Recur, a leading NFT company, to make it easier for their clients to create NFTs as Hollywood gets increasingly involved with digital collectibles. Through the partnership, Range’s clients will be able to use Recur’s technology to create their own NFTs that are not bound to a specific blockchain and can be purchased in U.S. dollars with credit or debit cards in addition to cryptocurrency. Recur has already tapped…
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Jan
08
2022
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By Troy Warren
Famous rapper Eminem purchases $452,000 worth Bored Ape Yacht Club NFT

Famous rapper Eminem purchases $452,000 worth Bored Ape Yacht Club NFT

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Troy Warren for CNT #NFT Rapper Eminem is the latest to hop on the non-fungible token (NFT) bandwagon, purchasing his first Bored Ape Yacht Club (BAYC) for 123.45 Ether ($452,000). BAYC NFTs, for those who are unaware, are a popular collection of 10,000 distinct bored apes made by Yuga Labs. According to dappradar.com, this collection has sold more than $500 million so far. Not only Eminem but famous celebrities including basketball legend Steph Curry, music musician Post Malone, and even American TV presenter Jimmy Fallon are also amongst the owners of BAYC NFTs.   The NFT, called "EminApe," depicts an…
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Jan
08
2022
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By Troy Warren
NFTs and the Future of Real Estate

NFTs and the Future of Real Estate

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Troy Warren for CNT #NFT NFTs have rapidly been gaining in popularity, and as interest grows, many are beginning to look at the real-world applications of the technology. One such application captures the biggest asset class in the world – real estate. What do NFTs have to do with Real Estate? Non-fungible tokens are smart contracts that set the terms of sale and signify ownership over an asset. Sound familiar? Of course it does, because that’s how real estate contracts work too. A real estate contract sets the terms for the purchase, sale, and conveyancing (transfers of legal ownership) of real estate.…
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Jan
08
2022
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By Ellen Britt
NFT Glossary Deep Dive: Floor

NFT Glossary Deep Dive: Floor

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Ellen Britt for CNT #NFT When you see the term “floor” as in the floor price of a collection, it means this is the lowest price for which you can purchase an NFT from that collection on the secondary market. A price floor is actually a term that was borrowed from the commodities market. In that case, a price floor is referring to the price controls that are set by various groups or governments to establish the minimum amount a seller can charge for a commodity, good, or service. Floor prices are set up to discourage a race to the…
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Jan
07
2022
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By Ellen Britt
NFT Glossary Deep Dive: Gas Wars

NFT Glossary Deep Dive: Gas Wars

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Ellen Britt for CNT #NFT Gas wars is the term given to the skirmishes that happen when too many people try to mint the same project all at once within a small time window.  Of course, the validators prioritize people who pay more for gas, which naturally leads to a bidding war. Prices are then driven ever higher as people try to get ahead of the line. Whales Have The Advantage The average person gets priced out of the action fairly quickly as gas prices rise higher and higher, but whales (meaning those with deep pockets) will not be affected…
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Jan
07
2022
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By Troy Warren
How Mark Cuban, Soulja boy made thousands selling NFTs

How Mark Cuban, Soulja boy made thousands selling NFTs

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Troy Warren for CNT #NFT What do rapper Soulja boy and Billionaire Mark Cuban have in common? They both sold NFTs and have made thousands of USD in ETH within one week. One user bought a Mark Cuban NFT for 0.7 ETH and sold it for 5.5 ETH.  That’s 4.8 ETH profit ($8,000+) in a few days. Mark Cuban and Soulja Boy Souljaboy put a video and artwork up on the Zilliqa blockchain at 10 copies and has sold them for $1,000 USD each.   Mark Cuban made 5 NFTs for his basketball team the Mavericks — a promo video of an upcoming…
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Jan
06
2022
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By Ellen Britt
NFT Glossary Deep Dive: Gwei

NFT Glossary Deep Dive: Gwei

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Ellen Britt for CNT #NFT We recently took a look at gas and gas fees and what those mean for both NFT creators and buyers. One of the terms we mentioned was gwei, the smallest base unit of Ether. Let’s explore gwei a bit more deeply. The Ethereum platform’s native currency is ether (ETH) but gas prices will often be expressed in Gwei. Each Gwei is equal to 0.000000001 ETH (10-9 ETH). This makes it easier for both buyers and sellers to talk about price. If your gas costs 1 Gwei, that’s a lot easier than saying or writing out…
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