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Line Goes Up – The Problem With NFTs is a 2022 documentary film written and directed by Canadian YouTuber and video essayist Dan Olson on non-fungible tokens (NFTs), cryptocurrencies, and Web3. The video was published to his YouTube channel Folding Ideas on January 21, 2022.
NFTs function like cryptographic tokens, but unlike cryptocurrencies, NFTs are not usually mutually interchangeable, so they are not fungible. [ a ] A non-fungible token contains data links, for example which point to details about where the associated art is stored, that can be affected by link rot .
Utilizing smart contracts, NFTs can automate the distribution of royalties upon secondary sales, ensuring artists obtain a predetermined percentage. [4] The embedded smart contracts within NFTs enable transparent and pre-agreed upon royalty distributions, reducing potential disputes and ensuring that original creators are compensated for subsequent sales. [5]
Non-fungible token (NFT) sales soared to new heights this year, reaching $2.5 billion in the first half of 2021, according to DappRadar. They've become so popular, in fact, that heavy hitters like...
NFTs, the hot emerging technology with the clunky name, have galvanized the fashion sector and everyone else who sees opportunity in a crypto craze that has driven millions of dollars in recent ...
Mention NFTs and people get all defensive. Self-proclaimed evangelists of non-fungible tokens say "it's a generational thing", meaning anyone who is shocked by the millions spent on cartoon images ...
With exhibitions unrolling at Gagosian in New York and The Broad museum in Los Angeles, as well as a flotilla of NFTs, Takashi Murakami is melding the physical and the virtual. ”An Arrow Through ...
[24] [25] Xionwei Technologies came into the news as the company took over the controversial pre-POGO operations of Jack Lam's Jimei International Entertainment which was operating out of Fontana Resort in Clark, Pampanga. Lam fled the Philippines in December 2019, when his company was found out to be employing 1,316 illegal Chinese workers.