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A type of crypto exchange that operates without a central authority. Decentralized finance (DeFi) DeFi — short for decentralized finance — is a financial system based on peer-to-peer payments ...
Crypto investor Justin Sun bought a duct-taped banana for $6.2 million in a Sotheby's auction. Sun ate the banana at a news conference where he compared the conceptual artwork to NFTs.
Not all things that are rare, even one-of-a-kind items, necessarily go up in price over time. However, if you can identify items that are currently undervalued but likely to become popular, you ...
Digital cloning is an emerging technology, that involves deep-learning algorithms, which allows one to manipulate currently existing audio, photos, and videos that are hyper-realistic. [1]
NFTs that represent digital art generally do not store the associated artwork file on the blockchain due to the large size of such a file and the limited processing speed of blockchains. Such a token functions like a certificate of ownership, with a web address that points to the piece of art in question; this however makes the art itself ...
Michael Joseph Winkelmann (born June 20, 1981), known professionally as Beeple, is an American digital artist, graphic designer, and animator known for selling NFTs. [1] In his art, he uses various media to create comical, phantasmagoric works that make political and social commentary while using pop culture figures as references.
Crypto art has been around for over half a decade, but for many people outside of the crypto world, these digital assets, known as non-fungible tokens or NFTs, have seemingly come out of nowhere.
The crypto art blockchain project was an inspiration for the ERC-721 standard for NFTs and the modern crypto art movement, which has since become a part of the cryptocurrency and decentralized finance ecosystems on multiple blockchains.