what is a nft crypto
NFT stands for Non-Fungible Token. In the world of Cryptocurrency, these NFTs are Ethereum-based tokens that represent ownership of a unique asset. Typical examples include unique collectibles like CryptoKitties, or one-of-a-kind artwork like Cryptograffiti's Lost Girls painting. There are many types of collectible NFTs - let us give you an overview and then we'll show you some cool links!
Image source: https://pixabay.com/illustrations/nft-monkey-portrait-space-6919119/
*Note: This post was written by an automated content producer and has not been proofread or edited before publishing.
The Inevitable Ethereum-based Crypto Artwork Token!
We covered the first NFT token you'll ever hear of, Cryptokitties, and it's pretty interesting stuff so far - but what if we told you there's already a token that is even more innovative and different. Meet CryptoPosters!
Image source: https://pixabay.com/illustrations/nft-monkey-portrait-space-6919119/
CryptoPosters is a decentralized, blockchain-based art gallery that enables artists to post their artwork, or even sell their designs, on the Ethereum network. The simple visual interface allows users to browse galleries by category (although we're certain there will be plenty of requests for more categories) and then choose one of the available artworks for purchase. CryptoPosters also provides artist with a simple way to store and manage their online portfolios - all without relying on centralized third parties.
The CryptoPosters team has been working hard on their implementation and in fact recently announced the launch of their beta network. Users who register for a CryptoPosters account will be able to purchase and sell artworks with ETH.
A CryptoPosters artist can choose to sell any piece of artwork, not just his own. This is done by applying a unique code to each digital artwork, therefore making it non-fungible: an indistinguishable and unique digital asset that cannot be copied or replicated. CryptoPosters is the first decentralized platform that allows artists to sell their digital art work without a middleman - and without charging commissions.
The artwork can be purchased in ETH and then traded between users. There are no more middlemen taking a cut either, since CryptoPosters is all about giving artists back control of their
Image source: https://coinyuppie.com/the-most-popular-project-in-the-nft-field-turned-out-to-be-a-boring-monkey/
The CryptoPosters platform is easy to use, requiring only an Ethereum wallet, Internet access and the desire to browse through beautiful artworks. Registering an account requires simply completing some easy steps that don't require any personal information.
Once logged into the CryptoPosters platform, users are immediately presented with a list of artworks currently for sale. The digital artworks available for purchase are represented in an attractive visual interface that allows users to quickly find the perfect piece for any occasion, including but not limited to:
Photo backgrounds - all digital assets are sized appropriately for both mobile and desktop devices, and will also resize when the browser is resized!
Once you've found the perfect artwork for yourself or a friend (or maybe even your boss?), it's time to make the purchase. To make a purchase, simply click on the image representing the piece you'd like to buy, and then select "buy". You can also browse through the gallery and search for artwork by category.
Image source: https://tribune.com.pk/story/2333835/nft-of-bored-ape-accidentally-sold-for-one-hundredth-its-price
Buyers will then be brought to a page where they enter a unique code generated by CryptoPosters. This unique code is all that give each artwork its unique identity: it's non-fungible!
CryptoPosters is set to launch in beta later this year with an Ethereum mining reward for users who choose to contribute to the platform. If you're not familiar with the term "NFT crypto", then you are in for a treat! NFT stands for Non-Fungible Token. An NFT crypto is made up of layers that form its security, privacy, and uniqueness. These layers include the code base, smart contracts, transaction infrastructure and token mechanics.
Ownership of token must be verifiable. Fungible tokens can freely be divided into fractions or merged together. They are interchangeable. The amount and parties involved in the transaction should not change its value. Its value must remain the same regardless of where a transaction takes place. The transactions and ownership history should be transparent to all network users. NFTs are scarce, unique digital assets that cannot be replicated or falsified in any way. They have defined attributes (such as name, description, category) which distinguish them from other assets on the blockchain. The term refers to any token on the blockchain that is unique in some ways and not just one of a kind.
Comments
Post a Comment