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An NFT is a data file, stored on a type of digital ledger called a blockchain, which can be sold and traded. [8] The NFT can be associated with a particular asset – digital or physical – such as an image, art, music, or recording of a sports event. [9] It may confer licensing rights to use the asset for a specified purpose. [10]
Everydays: the First 5000 Days is a digital work of art created by Mike Winkelmann, known professionally as Beeple. The work is a collage of 5000 digital images created by Winkelmann for his Everydays series. Its associated non-fungible token (NFT) was sold for $69.3 million at Christie's in 2021, making it the most expensive non-fungible token ...
Blockchain technology, such as cryptocurrencies and NFTs, provides potential monetization routes for video games. Many live-service games offer in-game customization options, such as character skins or other in-game items, which the players can earn and trade with other players using in-game currency.
2nd highest sale of generative art at the time. Work is nicknamed "The Goose" due to its emergent design resembling the animal. [16] $6.4 M $5.40 M Stay Free: 2021 April 16, 2021: Edward Snowden "PleasrDAO" Ethereum First NFT by Snowden on behalf of the Freedom of Press Foundation. [17] $6.2 M $5.23 M Save Thousands of Lives: 2021 May 8, 2021 ...
OpenSea is an American non-fungible token (NFT) marketplace headquartered in Miami. The company was founded by Devin Finzer and Alex Atallah in 2017. [1] [2] OpenSea offers a marketplace online allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction.
The artwork is a 7-foot-high sculpture; a generative work of art, a dynamically changing hybrid sculpture, both physically and digitally. Beeple described the artwork as "the first portrait of a human born in the metaverse." [28] It is the first major work made by the artist that has both a sculptural and NFT component. After the sale, Human ...
[9] [10] [11] ERC-721: Non-Fungible Token Standard is credited with formalizing and defining the term NFT. [12] During the standard's drafting phase, lead author Entriken held a vote among the stakeholders where different words were considered including deed, title and asset, but ultimately "NFT" was chosen for the standard's final publication ...
CryptoKitties operates on Ethereum's underlying blockchain network. Each CryptoKitty is a non-fungible token (NFT). Each is unique and owned by the user, validated through the blockchain, and its value can appreciate or depreciate based on the market.