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Olson then goes over the history and technologies behind NFTs while arguing that they mainly exist to get more people into the cryptocurrency industry. [2] Olson then spends the next segment of the video criticizing the current general lack of quality in NFT art and NFT art collections.
Last month, YouTube said it was exploring what proponents call Web3 technologies such as non-fungible tokens (NFTs), which are video clips, art or other digital assets tied to the record-keeping ...
Live news updates throughout the day from around the world. The Rundown : Calev Ben David breaks down the need-to-know news from around the world in a fast-paced and engaging format. Middle East Now : The top news coming out of the Middle East, the burning issues and the strategic, groundbreaking cooperation, with special interviews and the ...
The government allowed two days for the removal of the video or YouTube would be blocked in the country. [44] On April 4, following YouTube's failure to remove the video, Nuh asked all Internet service providers to block access to YouTube. [45] On April 5, YouTube was briefly blocked for testing by one ISP. [46]
YouTube is launching new creator tools to expand monetization, including allowing creators to sell content as NFTs so fans can "own" videos.
The first known "NFT", Quantum, [24] was created by Kevin McCoy and Anil Dash in May 2014. It consists of a video clip made by McCoy's wife, Jennifer. McCoy registered the video on the Namecoin blockchain and sold it to Dash for $4, during a live presentation for the Seven on Seven conferences at the New Museum in New York City.
Blockchain technology, such as cryptocurrencies and non-fungible tokens (NFTs), has been used in video games for monetization. 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.
Bored Apes have been documented by the media as one of the more prominent NFTs. In December 2021, the Bored Ape Yacht Club overtook CryptoPunks as the highest-priced NFTs. [40] Bored Apes, along with other character-based NFTs, would become "a status symbol for owners who regularly use their animated creatures as avatars on social media". [15]