NFT

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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Jan
05
2022
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By Ellen Britt
NFT Glossary Deep Dive: Gas / Gas Fees

NFT Glossary Deep Dive: Gas / Gas Fees

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Ellen Britt for CNT #NFT Just like you pay for gas to fuel your car, you will need to pay for gas in terms of a gas fee to run the blockchain. These fees, which are required in order to process your transactions on the blockchain, pay for the energy required to complete those transactions. One of the differences between the Ethereum platform, which powers the NFT space, and other cryptocurrencies such as Bitcoin, is that the gas fees are used by miners to process transactions. The currency used by the Ethereum platform is ether (ETH) but the gas prices…
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Jan
05
2022
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By Troy Warren
OpenSea Valued at $13.3 Billion as Ethereum NFT Market Booms Again

OpenSea Valued at $13.3 Billion as Ethereum NFT Market Booms Again

Business, In The News, NFT, , ,
By Jeff Benson | Decrypt.Co Troy Warren for CNT #NFT  #Business OpenSea had its second-best month for Ethereum NFT volume in December, so it's no surprise that VCs want in. In brief The Series C funding round was led by Paradigm and Coatue.  OpenSea raised $100 million in a Series B round in July 2021. The leading NFT marketplace OpenSea announced Tuesday it has raised $300 million in a Series C funding round and is now valued at $13.3 billion. The round was led by venture capital firms Paradigmand Coatue. KRH, the current holding name for the new fund from former Andreessen Horowitz general partner…
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Jan
04
2022
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By Ellen Britt
NFT Glossary Deep Dive: Rug Pull

NFT Glossary Deep Dive: Rug Pull

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Ellen Britt for CNT #NFT When someone says “rug pull” in the NFT world, they are referring to when a project developer cheats everyone by absconding with the money from their NFT sales and does not continue the project. Yikes! In many cases, these scammers will drum up a lot of false hype and talk on social media channels such as Telegram and Twitter, and may further lure investors into a false sense of security by putting a sizable amount of money into the liquidity pool. Four Ways To Protect Yourself From A Rug Pull So how can you protect…
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Jan
03
2022
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By Ellen Britt
NFT Glossary Deep Dive: Reveal

NFT Glossary Deep Dive: Reveal

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Ellen Britt for CNT #NFT Many collectible NFT projects use what are known as placeholder images for their NFTs while minting is in progress. The actual artwork is only revealed once the collections are sold out.  There are a couple of types of drops, which use different reveal strategies: Sock It To Me!   One - The Delayed Reveal: Collectors mint the NFT’s placeholder image, then the actual NFT is revealed at a later date. Two - Revealed Upon Mint:  Collectors immediately see the final NFT so soon as they mint from your drop page. Both types of reveal have their…
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Jan
02
2022
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By Troy Warren
What makes digital real estate buying valuable? NFT expert explains

What makes digital real estate buying valuable? NFT expert explains

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By Angelica Stabile | FOX Business Troy Warren for CNT #NFT Nonfungible.com president Dan Kelly breaks down the hype behind virtual land investing Millions being spent in virtual land grab Nonfungible.com founder and president Dan Kelly discusses the boom in virtual real estate sales. Millions of dollars are being spent on digital real estate as the NFT wave sweeps the internet – but what makes the virtual land grab so popular?   Nonfungible.com founder and president Dan Kelly explained to "The Claman Countdown" Monday that it’s more than having the ability to frolic through a pixelated universe, especially since Kelly himself…
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Jan
02
2022
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By Ellen Britt
NFT Glossary Deep Dive: Burn

NFT Glossary Deep Dive: Burn

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Ellen Britt for CNT #NFT To burn an NFT is to permanently delete it. When an NFT is burned, the NFT is sent to a blockchain address that is not spendable. Think of an unspendable address like a black hole on the blockchain where nothing ever comes back out. The First Law of NFT Thermodynamics So in reality, you can’t ever really and truly delete an NFT, because once it has been minted and published to the blockchain it’s permanent. To burn it simply means that it has now been assigned an unspendable address. The NFT is not destroyed, it’s…
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Jan
01
2022
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By Troy Warren
5 predictions for bitcoin, NFTs and the future of money

5 predictions for bitcoin, NFTs and the future of money

Digital, NFT, Technology, , ,
 | CNET.Com Troy Warren for CNT #NFT  #Technology  #Digital Cryptocurrency made many of the strangest headlines of 2021. Boosters touted digital currencies as a world-changing technology with the potential to create new economies and empower unbanked populations everywhere. Critics pointed to crypto's massive environmental footprint, as well as its popularity in online crime. The chasm between these views will be hard to bridge. Much of the cryptocurrency industry functions as a hype-monster, powered by oddball memes of cute dogs and outer space emoji. The same industry boasts a staggering amount of funding from venture capitalists and private enthusiasts, along with real…
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Jan
01
2022
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By Troy Warren
NFT Matching Prize Sweepstakes Coming Your Way

NFT Matching Prize Sweepstakes Coming Your Way

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Troy Warren for CNT #NFT Starting January 3, 2022 Mintified will begin its Matching Prize Sweepstakes. The prizes include an extremely valuable Custom NFT package, including creation, marketing, Press Releases and much more valued at $1499.40. The Sweepstakes has a very valuable unique proposition.  You don't just have a chance of winning based on your personal entries.  You also can refer family, friends and business associates.  If any of them wins a prize, YOU WIN THE SAME PRIZE TOO! Check out the video below which explains how your odds of winning are increased dramtically.     Stay tuned and check…
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Jan
01
2022
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By Ellen Britt
NFT Glossary Deep Dive: Airdrop

NFT Glossary Deep Dive: Airdrop

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Ellen Britt for CNT #NFT An airdrop is when an NFT is dropped into your wallet for free! Many projects do this to reward their early adopters and active participants. Just to be clear, don’t confuse  an NFT airdrop with Apple’s AirDrop feature, which you can enable to share and receive pictures, documents, and other types of files with other Apple devices that are in proximity to you. NFT Airdrops As Rewards An NFT airdrop is used primarily as a marketing tool by the developers of a project, in which they drop NFTs into a list of wallet addresses to gain…
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