#Non Fungible Tokens

[probablyasocialecologist]

“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin. In practical terms, that means 95 percent of NFTs wouldn’t fetch a penny today — a spectacular crash for assets that reached a trading volume of $17 billion amid a frenzied bull market in 2021. The study estimates that some 23 million investors own these tokens of no practical use or value.

[...]

The “Dead NFTs” report observes that the nearly 200,000 NFT collections “with no apparent owners or market share” identified by the study caused carbon emissions equivalent to the annual output from 2,048 houses, or 3,531 cars.

[dragon-champagne]

i wrote a paper on nfts. there is a potential for good out of them in business but not in the way they're being utilized now. Maybe the world isn't ready for decentralized currency but it's also so complex to the common user—i think that's where it failed. The average Joe doesn't know how a blockchain functions AND it's hard to explain (i still don't think i fully understand it despite having written the paper). It's also not controlled by an overarching government or authority which certainly messes up the value of the currency.

Starbucks Odyssey was gonna be a thing where they would give you NFTs with your drinks or whatever but that's 100% dead now—a testament to how shitty the public perceived these things.

[bytebingtech]

The final guide to deciding on the proper Cryptocurrency pockets

In the ever-evolving world of cryptocurrencies, one of the most crucial decisions you'll make is selecting the right cryptocurrency wallet. With a plethora of options available, each offering unique features and benefits, it can be perplexing to determine which one best suits your needs. In this comprehensive guide, we will demystify the process of choosing the perfect cryptocurrency wallet. We'll explore various wallet types, security considerations, and user-friendly features to ensure you make an informed choice. Read More

[jollysunflora]

#good #nobody fucking wanted them #fuck nfts

[burnitalldownism]

All those ppl who “got rich” off crypto/NFTs?

Tell me…are they rich in Dogecoin, or are they rich in real money?

[koop360]

The universe is vast, and so is the potential of NFTs to inspire us to explore it.

Join Our WhatsApp Community To Stay Updated: https://chat.whatsapp.com/JkAdOX58mGY7pujRImTdci

[probablyasocialecologist]

NFTs are one of many failed attempts to monetize the internet; which, in this case, meant creating a system of exchange value around aspects of internet culture which had previously just existed online for free as e.g. memes. That’s why so many NFTs look like what would happen if tech bros started making horny Sonic DeviantArt graphics. I guess that’s just what Bored Ape-style graphics are minus, crucially, the horniness. In any case, while fandom aesthetics and communities are considered cringe, it’s been easy enough for NFT artists to cherry-pick these fan visuals and turn them into private property, giving them the patina of culture, if not the social capital of “good taste.” And, like all forms of gentrification, the fandom to NFT pipeline performs a political function as well, defanging former sites of counter-hegemonic, or at least ambivalent, socialization.

[neonblack]

NFT artists should look at tumblr and take notes

[web3techlab]

What is a Smart Contract on Blockchain and How does a smart contract work?

Smart contracts are computer programmes that are stored on the Blockchain. They are programmed to run on their own when certain conditions are met. These conditions are predetermined and predetermined.

They are typically used to automate the execution of multi-party agreements. This means that once the predetermined conditions have been met, all parties involved can be certain of the outcome without the need for an intermediary or a time lag. This is especially useful when trust is an issue or when time is of the essence.

Smart contracts are programmes that are stored on a Blockchain. They are programmed to run automatically when certain conditions are met. These conditions are predetermined and predetermined in advance.

They are typically used to automate the execution of agreements between multiple parties. This means that once the predetermined conditions are met, all parties involved can be certain of the outcome without the need for an intermediary or a time delay. This can be very useful in situations where trust is an issue or where time is of the essence.

Smart contracts are similar to a set of instructions stored on a blockchain. When certain conditions are met, they tell the computer network what to do, such as releasing money to specific parties, registering a vehicle, sending notifications, or issuing a ticket. When the conditions are met and the instructions are followed, the blockchain is updated to show that the transaction is complete, and the transaction can no longer be changed. Only those with permission can view the results.

When developing a smart contract, the parties involved must agree on how transactions and data will be represented on the blockchain, as well as the rules that will govern those transactions, plan for any exceptions that may occur, and establish a method to resolve any disputes. A developer can then use this data to programme the smart contract. Some blockchain-based businesses also provide tools such as templates and online interfaces to make it easier to create smart contracts.

If you’re interested in creating a new digital asset, building a decentralized virtual world or delving deeper into the capabilities of these technologies, don’t hesitate to Contact Us for assistance.

Check out more on our website:

Web3 Tech Lab

[shinyjolteon]

me when a nft gets proven fungible: haha get funged idiot

[yudizblog]

Is the NFT Revolution Nearing Its End?

Do you think the NFT era is about to get over or is it just a big hoax. Let’s find out and explore the episodes of NFT marketplace development.

[gainercryptocom]

Caw Crypto Price Prediction: Unveiling Future Market Trends

[fatehavtarsingh]

"Cloud.Memory" 2023 by Fateh Avtar Singh

from the “Reboot” collection

“With love for art, respect for artists and collectors, when every day for development, self-improvement and work”

link to the item܄ OpenSea