NFT

Dec
23
2021
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By Ellen Britt
NFT Glossary Deep Dive: Non-Fungible

NFT Glossary Deep Dive: Non-Fungible

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Ellen Britt for CNT #NFT If you have read our glossary of terms related to NFTs, you may be wondering what the heck does “non-fungible” mean exactly? Well, we’ve got you covered with our series exploring in more depth all the terms listed in the glossary and more. What Is Non-Fungible? So, let’s get back to the meaning of non-fungible. First of all, to understand this, it helps to look at the word “fungible.” The word itself comes from the Latin verb “fungi” which means “to perform.” And no, it’s not related to the word “fungus” and to its plural…
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Dec
23
2021
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By Troy Warren
The Future of NFTs in Video Games

The Future of NFTs in Video Games

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Troy Warren for CNT #NFT Just last month, the Axie Infinity game became the first NFT project to hit $1 Billion in sales.  For the uninitiated, Axie Infinity is a play-to-earn decentralized game with similar mechanics to Pokemon. Players would collect and fight creatures called Axies, to win in-game rewards called Smooth Love Potions, which they could then use to breed more Axies.  Both Axie creatures and the Smooth Love Potions are NFTs, which means they can be sold on secondary markets for money. Because the game only takes a 4.25% fee, roughly 95% of the game’s revenue goes back to the…
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Dec
22
2021
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By Troy Warren
Making money with NFTs: leveraging a billion-dollar industry

Making money with NFTs: leveraging a billion-dollar industry

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Troy Warren for CNT #NFT NFTs, also known as non-fungible tokens, is a term that’s been hanging by the lips of almost everyone in 2021. It has become an all-encompassing term for the emerging “digital collectible” market. As NFTs live on the blockchain and cannot be exchanged 1:1 with one another, they have altered the basis for online transactions, and the authentication and ownership of digital assets altogether. Of all that’s been circling around in the now billion-dollar industry of NFTs, the record-smashing work of Beeple, Everydays: The First 5000 Days, that sold $69 million dollars at a Christie’s auction has…
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Dec
21
2021
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By Troy Warren
The rise of NFTs: a brief history

The rise of NFTs: a brief history

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Troy Warren for CNT #NFT NFTs have gone from being a fairly esoteric concept only familiar to those in the cryptocurrency world to a term hanging by the lips of almost everyone in 2021 – even garnering a spot on popular late-night comedy showcase SNL – Saturday Night Live. NFTs have redefined what it means to own digital items, and in more recent times, redefined the creator economy for creatives in a plethora of fields. It has entered the mainstream in many unexpected ways, with celebrities like Paris Hilton, The Weekend, and even your childhood tv show characters, the Teletubbies, cashing in…
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Dec
20
2021
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By Troy Warren
One small step for Metaverse, one big step for NFTs

One small step for Metaverse, one big step for NFTs

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Troy Warren for CNT #NFT The Metaverse seems to be an immensely huge concept that’s been riding the media wave of hyped topics at the moment. From Facebook’s rebrand to Meta, Microsoft’s pivot into the Metaverse for corporate uses, and the rising number of decentralized Metaverse games, the concept of the Metaverse appears to be the medium for connecting elements of gaming, sociality, finances, blockchain, work, art, and crypto together. Journey to the Metaverse In our introductory explanation of the Metaverse, ’The Journey towards the Metaverse’, we outlined the origins of the term as one that emerged from the writings of Neal…
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Dec
19
2021
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By Troy Warren
The Non-Fungible Cheat Sheet – NFT words for beginners

The Non-Fungible Cheat Sheet – NFT words for beginners

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Troy Warren for CNT #NFT When you first enter the world of NFTs, you’ll come across some commonly used terms that may be hard to understand without context. This is why we’ve created this NFT glossary – an NFT dictionary with all the different terms that NFT creators and collectors need to know. Basic NFT Terms NFT Stands for Non-Fungible Token. An NFT is a digital asset that is backed by the blockchain for verifiable ownership and authentication. Learn more about it in this article. Smart Contract A smart contract is the part of your NFT that’s not the artwork –…
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Dec
18
2021
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By Troy Warren
Melania Trump launches NFT platform in first public endeavor since White House

Melania Trump launches NFT platform in first public endeavor since White House

In The News, Lifestyle, NFT,
By Kate Bennett and Veronica Stracqualursi, CNN Troy Warren for CNT #NFT  (CNN) Melania Trump is getting in on the latest crypto craze -- NFTs. The former first lady announced Thursday that she is selling an NFT, or a non-fungible token, titled "Melania's Vision" -- her first public endeavor since leaving office almost one year ago. The NFT is the first digital art to be sold on her newly launched platform at MelaniaTrump.Com, which will release NFTs regularly and is powered by Parler. "I am proud to announce my new NFT endeavor, which embodies my passion for the arts, and will support my ongoing…
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Dec
17
2021
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By Troy Warren
The Journey Towards The Metaverse

The Journey Towards The Metaverse

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Troy Warren for CNT #NFT The term “metaverse” was coined by Neal Stephenson in his 1992 novel,  Snow Crash. In this book, the metaverse was a virtual, interactive universe accessible through special goggles, where individuals could build, explore, interact, conduct business, and do much, much more. Nearly three decades later, the tech community is working towards making this idea a reality. Decades of Dreaming The idea of a virtual universe adjacent to the physical has captured the imagination of scientists and storytellers for decades. The concept was first presented as something called cyberspace in William Gibson’s 1984 science fiction novel Neuromancer. This early…
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Dec
16
2021
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By Troy Warren
NFT Celebrity Champions

NFT Celebrity Champions

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Troy Warren for CNT #NFT As NFTs become more mainstream, an increasing number of celebrities are jumping on the bandwagon. Many have criticized celebrity NFT drops as blatant cash grabs, but amidst the swarm are a few true champions of the technology.  Celebrity NFTs help accelerate adoption of NFTs by bringing culturally relevant content to the masses. Big names carry weight, and add credibility to a market that many have trouble wrapping their heads around.  While the internet is awash with articles on the biggest names to drop NFTs, we wanted to shine a light instead on the real celebrity MVPs who…
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Dec
16
2021
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By Troy Warren
The perks of owning NFTs

The perks of owning NFTs

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Troy Warren for CNT #NFT The popularity of blockchain technology and NFTs are growing at such a speed that you might say that the digital sphere is experiencing somewhat of a revolution. Since the start of 2021, NFTs have unlocked a new frenzy. Artists, brands, games, fashion labels, and big corporations like Louis Vuitton and Burberry, Visa and Mastercard are all flocking to NFT marketplaces with the goal of buying, selling, or creating NFTs. There are over 4 million people in America alone that have purchased or sold NFTs, making the ownership of NFTs just as widespread. In the art world alone, 22%…
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