#just setting up my twttr

[pirograph]

just setting up my twttr

[kyllian1212]

just setting up my twttr

[medicatedonwater]

Dies ist nur ein music review

So sometime last year i met this rad girl who also listened to warped tour bands. As she described it it’s like she started in the 2010s or something and just never stopped. And for me, I started around 2009 like rly seriously playing the 04-06 albums on repeat playing halo and suddenly clicking with “The Phrase that Pays” by The Academy Is…

That song totally kicked off a series of me getting hella invested in punk rock / emo / etc but i never had like an actual scene phase and i’m living it now haha. I so wish i’d listened to the albums these songs had come from. I wonder how it could have influenced my life back then, but whatever, i’m still here now and finally getting to it!!

I at first wanted to listen to all the Warped Tour Compilations and i was sad to see FUCKING TWTTR killed warped tour. fkn garbage fire site. (well, warped tour SHOULD be coming back next year and i am so hella hyped i can’t wait to get the most exquisite sunburn as i claw and scrape my way to the oasis that is a hose of fresh? water.)

I quickly got through all the warped tour albums from 1996 through 2018? 2019? lotsa music i missed out on. stuff i really wish i *had* been around for but most of the 2010s is voided out for me, between floundering around in college and part time jobs and rediscovering alternative music around 2015. This project intends to listen to the full discography of *every* artist with a song on a warped tour compilation. I’m skipping the DVDs but also including the punk-o-rama albums which did a crossover with warped tour in 1997, and including the european and australian tours cuz why the hell not. Throwing in the local stations top songs list starting at 1997 cuz of how much they’ve influenced my modern taste in music. I’m mostly using spotify - for artists not on spotify i’m just listening to the album (or single/EP) that particular listing came from. youtube is clunky as hell with no background play and i need some form of organization and spotify i have hella mix CDs on…

Anyway, the first album is Punk-o-rama from 1994, with FUCKING, BAD RELIGION. OH MY GOSH IVE WANTED TO listen to these guyses discography for AGES.

I honestly, like, right out the gate they’ve very politically on fire, like, they’re saying the kinds of things people need to fucking hear. they’re so real for it, and as they grow older some of the stuff is kinda tamer, the sound softens a bit, but hot damn if “the kids are alt-right” doesn’t point out the ongoing problems that still need solvation.

and of course they’ve got the classic crazy taxi songs too :D (omg can’t wait to hear the offspring tooooooo)

I recall the warped tour i attended back in 05 that bad religion had performed there the previous day. I don’t believe they were there for that particular warped tour date tho. I would absolutely love to see them live or at the very least get some merch :3 they’re just so, raw. so real. “Punk Rock Song” is still stuck in my head, and i’ve already moved on to NoFX (which, holy fuck they start out crass but mb it’s the bias speaking… they get good FAST)

Bad religion was a great time through and through, ramping up to No Control with some real bangers. Against the Grain had the song “21st Century (Digital Boy)” which I’d all but forgotten about since my first exposure to it nearly four years ago. Stranger than Fiction and The Grey Race had some of my old favorites like “Infected” and “Ten in 2010” with “Gods Love” coming along in 2003. New Maps of Hell for whatever reason lives in my head as a rly good album.

A lot of that early energy was really important for setting the stage for an awesome presence.

Apparently liked 98 Songs… this may go down over time but hey, they’re good. heck.

The particular showing for Punk-O-Rama was “Do What You Want” from Suffer in 1998. Can’t say I entirely remember the track, oh wait hang on, guess i’ll break all the fucking rules and go to hell with superman!! yeah no this song is lit af. love this scene. i gotttttta see these guys at some point.

Next on the docket is NoFX… I’m to “Usa-Holes” off Wolves in wolves clothing.

See, I knew I was amongst cool folx when i went to a party and this dude had a bad religion shirt.

Looking forward to more from this project!

OH, I TOTALLY FOUND TOUR WATER THE OTHER DAY AND IT FKN AWAKENED SOMETHING IN ME.

[orsassur5]

O Twitter, atualmente rebatizado como X, foi fundado em março de 2006 por Jack Dorsey, Noah Glass, Biz Stone e Evan Williams. A plataforma se destacou por seu formato de microblog, permitindo aos usuários postarem mensagens curtas, conhecidas como "tweets", com até 140 caracteres inicialmente, ampliados para 280 em 2017.

### Primeiros anos e crescimento inicial (2006-2010)

**2006-2007: Lançamento e popularização**

- O Twitter começou como um projeto paralelo na empresa Odeo, um serviço de podcasts.

- Em 2006, Jack Dorsey publicou o primeiro tweet: "just setting up my twttr".

- A plataforma ganhou notoriedade no festival SXSW em 2007, onde as instalações de grandes telas exibindo tweets ao vivo ajudaram a atrair atenção.

**2008-2010: Expansão e desafios**

- A base de usuários do Twitter cresceu exponencialmente, mas a plataforma enfrentou desafios técnicos significativos, incluindo frequentes falhas de serviço.

- Durante este período, eventos globais como as eleições presidenciais dos EUA em 2008 e os protestos pós-eleitorais no Irã em 2009 ajudaram a estabelecer o Twitter como uma ferramenta poderosa de comunicação em tempo real.

### Período de consolidação e inovação (2010-2015)

**2010-2012: Novos recursos e IPO**

- Introdução de funcionalidades como o "Retweet" (RT) e "Hashtags" (#), que se tornaram elementos centrais da experiência do usuário.

- Em 2013, o Twitter realizou sua oferta pública inicial (IPO), valorizando a empresa em cerca de US$ 31 bilhões.

**2013-2015: Expansão de conteúdo e parcerias**

- O Twitter começou a integrar mais multimídia, permitindo a inclusão de imagens e vídeos nos tweets.

- Parcerias com empresas de mídia ajudaram a promover conteúdo ao vivo, como eventos esportivos e debates políticos.

### Desafios e transformações (2016-2022)

**2016-2017: Desinformação e críticas**

- Durante as eleições presidenciais dos EUA de 2016, o Twitter enfrentou críticas severas por seu papel na disseminação de desinformação e notícias falsas.

- Medidas começaram a ser tomadas para combater o abuso na plataforma e melhorar a segurança dos usuários.

**2018-2020: Mudanças na liderança e foco em segurança**

- Jack Dorsey retornou como CEO em 2015 e permaneceu até 2021. Sob sua liderança, houve um foco renovado em saúde da plataforma, incluindo o combate ao discurso de ódio e bots.

- A pandemia de COVID-19 destacou ainda mais o papel do Twitter como um canal de informações em tempo real.

### Aquisição por Elon Musk e renomeação (2022-presente)

**2022: Aquisição por Elon Musk**

- Em abril de 2022, Elon Musk anunciou planos para adquirir o Twitter por US$ 44 bilhões. A aquisição foi concluída em outubro de 2022.

- Musk prometeu transformações significativas, incluindo a redução de moderação de conteúdo e a implementação de um modelo de assinatura.

**2023-2024: Rebranding para X**

- Em 2023, o Twitter passou por uma rebrand, sendo renomeado como X. A mudança marcou uma nova direção para a plataforma, focando em tornar-se uma "super app" que integra diversos serviços além de redes sociais.

### Impacto e legado

O Twitter/X desempenhou um papel crucial na formação da comunicação digital moderna. A plataforma foi instrumental em movimentos sociais globais, como a Primavera Árabe e o movimento Black Lives Matter, destacando seu poder como uma ferramenta de mobilização e informação.

Apesar dos desafios, incluindo questões de moderação de conteúdo e sustentabilidade financeira, o Twitter/X continua a ser uma plataforma central no ecossistema digital global. A aquisição por Elon Musk e o rebranding para X sinalizam um futuro de transformação contínua, onde a plataforma busca redefinir seu papel e expandir suas funcionalidades além do microblogging tradicional.

[mintcad]

NFT Marketplaces To Watch Out For In 2024

What are NFTs?

Suppose you borrow $100 from your friend, you need to pay him back with the exact same value, but not necessarily the exact same bill. You can return two $50 bills or ten $10 bills, it’s fungible. Although when you borrow a friend’s car, you cannot return a different car, thus a car is considered non fungible, collectible and is unique. Non-fungibility is a physical asset’s unique property. NFTs are unique, they cannot be exchanged or traded equivalently unlike money.

NFTs or Non-Fungible Tokens are cryptographic assets minted (created) through blockchain technology, and have unique identification codes and meta-data, which makes each of them distinguishable. They can be transferred to other wallets, traded on the blockchain or leased to someone through a special smart contract with a time horizon.

NFTs are minted as smart contracts that assign ownership and manage their transferability. When someone creates or mints an NFT, they execute code stored in smart contracts that conform to different standards, such as ERC-721. This information is added to the blockchain where the NFT is being managed. The minting process, from a high level, has the following steps that it goes through: 

Creating a new block 

Validating information 

Recording information into the blockchain

Use Cases of NFTs

Authenticity and Ownership - As the blockchain can permanently store information about the product. NFT smart contracts can be used to check for the rarity, owner, and authenticity of the products. This can be applied to real estate, music items, videos, and more.

Digital Content - The most common use of NFTs today is digital content. Content creators see their profits enhanced by NFTs, as they power a creator economy where creatives maintain ownership over their content on platforms where they are publicised. An NFT could represent a key that unlocks access to a certain service or piece of content. This would allow some content creators to monetize their work for the first time ever. At Mintcad users can create an NFT for CAD files for the first time.

Gaming Items - NFTs are changing the gaming industry from its roots. From game developers to players, NFTs have caught interest for their benefits to both. For example, an NFT could represent a character in a game. The NFT would be stored on a blockchain and would be transferable to another player if the original owner decides to sell it. These can be applicable to other game items as well. This is where the major development towards the Metaverse is happening. 

Domain Names - NFTs provide your domain with an easier-to-remember name. It works like a website domain name, making its IP address more memorable and valuable, usually based on length and relevance.

Loyalty points or rewards - A company could issue NFTs that can be redeemed for discounts or special offers. It would give customers an incentive to keep using the company’s products or services.

What’s the size of the NFT Market? 

Global NFT transaction volumes are on pace to surpass last year's peak soon, but the monthly declines beginning 2022 are troubling for the once-scintillating market. Total sales hit $37 billion as of the first week of May, according to a report from blockchain analysis firm, Chainalysis, compared with $40 billion for all of 2021.

There are around 15,000 to 50,000 NFTs being bought and sold every week. The right to the first-ever tweet was converted into an NFT, and sold for a record $2.9 million, by Twitter founder Jack Dorsey.

This tweet just said, "just setting up my twttr."

How to buy an NFT?

We can buy or sell NFTs through an NFT Marketplace. These are eCommerce platforms like Amazon or eBay where different products are listed by sellers, and buyers.

NFTs for digital assets can be stored, traded, and displayed to a large audience, an evolved business model is developing through these Marketplaces.        

Three Simple steps to buy an NFT:-

Purchase Ethereum. (Since most NFTs are Ethereum-based tokens, most marketplaces for these collectibles accept primarily ETH tokens as payment.)

Connect your Wallet to an NFT Marketplace. There are many marketplaces to trade on.

Create, Sell, Buy or Lease the NFT.

Types of NFT Marketplaces.

Digital Collectibles: Examples of NFTs in such a marketplace are Computer aided design files for 3D Printing, game/trade cards, trophies of wins, and unique videos of rare gaming moments, which are digitized as a non-fungible token or NFT.

Example:- Opensea

Gaming: Blockchain Games use NFT marketplaces in two ways. Some blockchain games collaborate with gaming marketplaces to allow tokenization of their in-game assets into NFTs. Then, there are pure NFT marketplace-centred games that are exclusively built on the concept of tradable collectibles. Such games are modelled after traditional games like football, racing, strategy, arcade, and even virtual worlds.

Example:- Axie Infinity

Real Estate: It is an online platform for fractional real estate where investors and agents can collaborate with each other to buy and sell their assets. It gives access to high-end, unique, and in-demand properties which can be converted into non-fungible tokens and crowd funding.

Music: The music industry may have finally started taking NFTs more seriously. A number of artists have launched music projects that have garnered fan attention and generated millions of dollars in revenue. Entire music albums or specific songs can be converted into NFTs and sold or leased (per listen) directly via special NFT marketplaces.

Example:- Airnfts

Investment Projects: In this model, the NFT marketplace can function like a stock market, and allow the users to buy/sell specific NFTs via trading. In some of the advanced and regulated NFT marketplace, such transactions can also have legal validity, similar to real estate.

Metaverse: A metaverse NFT marketplace is a technical concept of creating and integrating NFT assets into the virtual spaces of the metaverse. The metaverse is considered a parallel universe where avatars (representing the unique identity of users) can perform activities similar to the real world with the use of VR headsets.

Example:- Cryptovoxels, Decentraland

Top 10 NFT Marketplaces in 2023

1.  OpenSea

2.  Mintcad

3.  SuperRare

4.  Jump.trade

5.  Rarible

6.  Axie Infinity

7.  Nifty Gateway

8.  Solanart

9.  Binance

10.  NBA Top Shot

This content is originally published on Mintcad's Website: NFT Marketplaces To Watch Out For In 2024

[entomoblog]

Un an après le rachat de Twitter : Bluesky, Mastodon, Threads… L’alternative à X toujours inconnue

L’entrée en matière s’est faite tout en sobriété : «Je crée mon compte twttr». Avec ce premier tweet balbutié en 2006, le fondateur de Twitter (renommé X), Jack Dorsey, inaugure une nouvelle ère : celle de la place publique numérique. Le frisson d’excitation vient d’un champ des possibles : celui de voir aussi bien un parfait inconnu leur répondre que la mégastar Justin Bieber liker leur trait d’esprit à 140 caractères. just setting up my twttr — jack (@jack) March 21, 2006 Ce grouillement d’interactions insolites, aucun réseau n’est parvenu à le reproduire. Facebook ? Il permet surtout de communiquer avec des proches. Instagram ? Pareil. Les quelques sites larguant leurs utilisateurs dans une jungle ouverte prônent l’anonymat, à l’image de 4chan ou Reddit. En son genre, le réseau au piaf bleu fait office d’oiseau rare.

[maximumtalewonderland]

Twitter launches

On July 15, 2006, the San Francisco-based podcasting company Odeo officially releases Twttr—later changed to Twitter—its short messaging service (SMS) for groups, to the public.

Born as a side project apart from Odeo’s main podcasting platform, the free application allowed users to share short status updates with groups of friends by sending one text message to a single number (“40404”). Over the next few years, as Twttr became Twitter, the simple “microblogging” service would explode in popularity, becoming one of the world’s leading social networking platforms.

Twitter co-founder Evan Williams first made his name in the Silicon Valley tech world by founding the Web diary-publishing service Blogger, which he sold to Google in 2003 for several million dollars. In 2005, William co-founded Odeo with another entrepreneur, Noah Glass; that fall, however, Odeo’s main service was made obsolete when Apple launched iTunes (including a built-in podcasting platform).

After Williams asked the team of 14 employees to brainstorm their best ideas for the flailing startup, one of the company’s engineers, Jack Dorsey, came up with the concept of a service allowing users to share personal status updates via SMS to groups of people. By March 2006, they had a working prototype, and a name—Twttr—inspired in part by bird sounds, and adopted after some other choices (including FriendStalker) were rejected. Dorsey (@Jack) sent the first-ever tweet (“just setting up my twttr”) on March 21.

At the time Twttr launched to the public in July 2006, it was still a side project of Odeo, while the company’s primary offering, the podcasting platform, was going nowhere. That fall, according to a report in Business Insider, Williams bought out the company’s investors, changed Odeo’s name to Obvious Corporation and fired Glass, whose role in the birth of Twitter (including coming up with its name) wouldn’t become public until years later.

Within six months after the launch, Twttr had become Twitter. Once the service went public, its founders imposed a 140-character limit for messages, based on the maximum length of text messages at the time; this was later expanded to 280 characters.

Use of Twitter exploded at the South by Southwest convention in Austin, Texas, in March 2007, when more than 60,000 tweets were sent per day, and grew rapidly from there. By 2013, the New York Times reported that the company had more than 2,000 employees and more than 200 million active users. That November, when the company went public, it was valued at just over $31 billion. 

The company’s prominence rose with the election of President Donald Trump in 2016, who was outspoken on Twitter throughout his campaign and often tweeted policy decisions or other announcements during his administration. (The former president was banned from the service in 2021 for using it to incite violence, though was later re-instated under new owner Elon Musk) Like other social media companies, Twitter has faced intense pressure to police the content on the site more closely to prevent harassment, hate speech and disinformation, as well as better protect its users’ privacy.

[rlewisphilly]

Your first?

What was your first Tweet to the world?My first day on Twitter was today (8/6) in 2007.My tweet? “feeling ill, going home to be with the dogs”. The first tweet on Twitter (X) was by Jack Dorsey himself in March 2006. (yeah, I was late to the party)His read: “just setting up my twttr.” Your 1st tweet? Go to your Twitter profile page and see what month you joined. Then go to advanced search.…

[mrpumpkinstechblog]

Live: Twitter's strange X rebrand explained as the blue bird disappears

Refresh 2023-07-24T16:56:34.114Z (Image credit: Sina Estavi) Ouch! NFT of first tweet is auctioning for a massive loss A fitting story to leave you with as we sign off from another day of Twitter chaos – as spotted by Tom’s Hardware, the NFT of Jack Dorsey’s famous “just setting up my twttr” Tweet is currently being auctioned, with the current top bid being 1 ETH, which equates to around…

[3224636741]

CUANDO FUE CREADA LA APLICACIÓN WHATSAPP:

Si bien la aplicación se lanzó en 2009 principalmente para iOS, y un año después para Android, y al final llegó para Windows, se popularizó masivamente desde el año 2012 aproximadamente, hasta la actualidad.

CUANDO FUE CREADA LA APLICACIÓN FACEBOOK:

Eso le sucedió a Mark Zuckerberg cuando creó Facebook en 2004 junto a sus compañeros de clase. ¡Conoce la historia de esta red social con 2.500 millones de usuarios activos al mes!

CUANDO FUE CREADA LA APLICACIÓN TWITTER:

La red social hace su primera aparición oficial el 21 de marzo de 2006, cuando Jack Dorsey compartió el mensaje «Just setting up my twtrr». La empresa se lanzó originalmente bajo el nombre «Twttr», pero rápidamente fue cambiado por «Twitter», como se conoce hoy a la aplicación del pajarito azul.

CUANDO FUE CREADA LA APLICACIÓN INSTAGRAM:

Fue lanzado en 2010 por el norteamericano Kevin Systrom y el brasileño Mike Krieger, ambos ingenieros de software. El mismo día del lanzamiento, la aplicación se convirtió en la aplicación más descargada en Apple Store y, en diciembre del mismo año, tenía 1 millón de usuarios.

CARACTERÍSTICAS DE WHATSAPP:

La aplicación permite enviar y recibir mensajes mediante Internet, además de imágenes, videos, audios, grabaciones de audio (notas de voz), documentos, ubicaciones, contactos, gifs, stickers, así como llamadas y videollamadas con varios participantes a la vez, entre otras funciones.​ WhatsApp se integra automáticamente ...

CARACTERÍSTICAS DE FACEBOOK:

Qué es Facebook

Por medio de esta red, puedes encontrar personas conocidas, interactuar con ellas, participar en grupos que discuten temas de tu interés, compartir contenido (imágenes, texto, vídeo), enviar y recibir mensajes, hacer contactos, realizar búsquedas, hacer anuncios, etc.

CARACTERÍSTICAS DE INSTAGRAM:

Instagram es una red social principalmente visual, donde un usuario puede publicar fotos y videos de corta duración, aplicarles efectos y también interactuar con las publicaciones de otras personas, a través de comentarios y me gusta.

CARACTERÍSTICAS DE TWITTER:

Twitter es una red social gratuita de microblogging que sirve básicamente para enviar mensajes cortos, de hasta 280 caracteres. Según un estudio de DataReportal, en enero de 2022 Twitter ya contaba con más de 436 millones de usuarios activos al mes.

FUNCION DE WHATSAPP:

La aplicación permite enviar y recibir mensajes mediante Internet, además de imágenes, videos, audios, grabaciones de audio (notas de voz), documentos, ubicaciones, contactos, gifs, stickers, así como llamadas y videollamadas con varios participantes a la vez, entre otras funciones.​ WhatsApp se integra automáticamente ...

FUNCION DE FACEBOOK:

Facebook es una red social pensada para conectar personas, es decir, compartir información, noticias y contenidos audiovisuales con amigos y familiares. Se trata de la plataforma social más popular de todas las existentes en la actualidad con cerca 2.200 millones de usuarios activos cada mes.

FUNCION DE TWITTER:

Twitter es un servicio que permite que los grupos de amigos, familiares y compañeros de trabajo se comuniquen y estén en contacto a través de mensajes rápidos y frecuentes. Las personas publican Tweets, que pueden contener fotos, videos, enlaces y texto.

QUIEN CREEO INSTAGRAM:

red social para compartir fotos y videos propiedad de Meta, Inc. Instagram (comúnmente abreviado como IG o Insta)​ es una aplicación y red social de origen estadounidense, propiedad de Meta. Creada por Kevin Systrom y Mike Krieger, fue lanzada el 6 de octubre de 2010.

QUIEN CREEO TWITTER:

Lanzamiento: 21 de marzo de 2006 (17 años)

Usuarios registrados: +200 millones

Tipo: Microblogging

QUIEN CREEO FACEBOOK:

el 4 de febrero de 2004 ...

QUIÉN ES EL DUEÑO DE LA APLICACIÓN INSTAGRAM:

Mark Zuckerberg

QUIÉN ES EL DUEÑO DE LA APLICACIÓN FACEBOOK

Mark Elliot Zuckerberg

[froglikeactivites]

just setting up my twttr

[adam31310]

Non-Fungible Token (NFT): What It Means and How It Works

What Is a Non-Fungible Token (NFT)?

Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.

Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can serve as a medium for commercial transactions.

KEY TAKEAWAYS

NFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated.

NFTs can represent real-world items like artwork and real estate.

"Tokenizing" these real-world tangible assets makes buying, selling, and trading them more efficient while reducing the probability of fraud.

NFTs can also function to represent individuals' identities, property rights, and more.

Collectors have sought NFTs as their value initially soared but has since moderated.

The Free HPI check report  is a thorough vehicle check that provides you with crucial details about the vehicle you wish to purchase so you can avoid motoring fraud and scams.

Understanding Non-Fungible Tokens (NFTs)

NFTs evolved from the ERC-721 standard. Developed by some of the same people responsible for the ERC-20 smart contract, ERC-721 defines the minimum interface—ownership details, security, and metadata—required for the exchange and distribution of gaming tokens. The ERC-1155 standard takes the concept further by reducing the transaction and storage costs required for NFTs and batching multiple types of non-fungible tokens into a single contract.

NFTs have the potential for several use cases. For example, they are an ideal vehicle to digitally represent physical assets like real estate and artwork. Because they are based on blockchains, NFTs can also work to remove intermediaries and connect artists with audiences or for identity management. NFTs can remove intermediaries, simplify transactions, and create new markets.

Much of the current market for NFTs is centered around collectibles, such as digital artwork, sports cards, and rarities. Perhaps the most hyped space is NBA Top Shot, a place to collect non-fungible tokenized NBA moments in digital card form. Some of these cards have sold for millions of dollars. Recently, Twitter's (TWTR) Jack Dorsey tweeted a link to a tokenized version of the first tweet ever, in which he wrote: "just setting up my twttr." The NFT version of the first-ever tweet sold for more than $2.9 million.

How NFTs Work

NFTs are created through a process called minting, in which the information of the NFT is published on a blockchain. At a high level, the minting process entails a new block being created, the information of the NFT being validated by a validator, and the information is recorded. This minting process often entails incorporating smart contracts that assign ownership and manage the transferability of the NFT.

As tokens are minted, they are assigned a unique identifier directly linked to one blockchain address. Each token has an owner, and the ownership information (i.e., the address in which the minted token resides) is publicly available. Even if 5,000 NFTs of the same exact item are minted (i.e., general admission tickets to a music festival), each of the tickets has a unique identifier and can be distinguished from one other.

Why NFTs Are Important

Non-fungible tokens are an evolution of the relatively simple concept of cryptocurrencies. Modern finance systems consist of sophisticated trading and loan systems for different asset types, ranging from real estate to lending contracts to artwork. By enabling digital representations of physical assets, NFTs are a step forward in the reinvention of this infrastructure.

To be sure, the idea of digital representations of physical assets is not novel, nor is the use of unique identification. However, when these concepts are combined with the benefits of a tamper-resistant blockchain of smart contracts, they become a potent force for change.

Perhaps, the most obvious benefit of NFTs is market efficiency.

The conversion of a physical asset into a digital one streamlines processes and removes intermediaries. NFTs representing digital or physical artwork on a blockchain removes the need for agents and allow artists to connect directly with their audiences. They can also improve business processes. For example, an NFT for a wine bottle will make it easier for different actors in a supply chain to interact with it and help track its provenance, production, and sale throughout the entire process. Consulting firm Ernst & Young has already developed such a solution for one of its clients.

[owebesttechnology]

Non-Fungible Tokens Explained: Things You Must Know About NFTs

If you are reading this article, it implies you have arrived on our page. This blog will explain NFTs from A to Z. (non-fungible tokens).

What Is An NFT?

NFT stands for "non-fungible tokens," which are created with the same kind of code that is used to make cryptocurrencies. In simple terms, these cryptocurrencies are based on a technology called "blockchain." They can't be traded or exchanged as other cryptographic assets can. The same as Bitcoin or Ethereum.

NFTs can stand in for real-world things like art and property. "Tokenizing" these real-world physical assets make it easier to buy, sell, and trade them while lowering the chance of fraud.

Collectibles like digital art, sports cards, and rare items make up a big part of the NFT market right now. NBA Top Shot, a place to collect non-fungible tokenized NBA moments on digital cards, is one of the most talked-about places. Some of these cards have been sold for a lot of money.

Jack Dorsey of Twitter (TWTR) recently tweeted a link to a tokenized version of the first tweet, in which he wrote, "Just setting up my twttr." More than $2.9 million was paid for the NFT version of the first tweet.

How NFTs Work

The information about an NFT is published on a blockchain during a process called "minting." At a high level, the minting process involves making a new block, having the NFT's information checked by a validator, and writing down the information. During this minting process, smart contracts are often used to decide who owns the NFT and how it can be transferred.

As soon as a token is made, it is given a unique identifier that is directly linked to a blockchain address. Each token has an owner who owns it, and that person's information (the address where the token lives) is available to the public. Even if 5,000 NFTs of the same exact thing are made, like general admission tickets to a music festival, each ticket has a unique identifier and can be told apart from the others.

Examples of NFTs

Cryptokitties may be the most well-known way that NFTs are used. Cryptokitties are digital representations of cats with unique identifiers on Ethereum's blockchain. crypto kitties were released in November 2017. Each kitty is different and costs a certain amount of ether. They have attributes by mating with each other, and those attributes are different from their parent's in how they look and how much they are worth.

After only a few short weeks on the market, crypto kitties had fans who spent $20 million in ether to buy, feed, and care for them. Some fans have even spent more than $100,000 on the project.

More recently, the Bored Ape Yacht Club has become controversial because of its high prices, its popularity with celebrities, and the fact that some of its 10,000 NFTs have been stolen in public.

Even though the crypto kitties and Bored Ape Yacht Club use cases may seem silly, there are others that are more important for business. For instance, NFTs have been used in both private equity and real estate transactions.

One effect of allowing multiple types of tokens in a contract is that escrow can be set up for different types of non-fungible tokens, from art to real estate, all in one financial transaction.

How Can I Buy NFTs?

Since many NFTs can only be bought with Ether, the first step is usually to get some Ether and store it in a digital wallet. Then, you can buy NFTs on any of the online NFT markets, such as OpenSea, Raible, and SuperRare.

To sum up,

Whether or not you want to invest in NFTs is up to you.

But I hope that this blog post about non-fungible tokens (NFT) has answered all of your questions.

One thing is for sure: NFTs are here to stay because they make some people money and give digital art and artists new ways to work. But we will still tell you to be careful with how you use platforms.

And if you want to make NFTs or join a blockchain, make sure you hire the best blockchain developer.

When you hire a blockchain developer from Owebest Technologies, you can be sure that they will change the blockchain market forever.

[mintcad]

What Are Non Fungible Tokens (NFTs)?

What are NFTs?

Suppose you borrow $100 from your friend, you need to pay him back with the exact same value, but not necessarily the exact same bill. You can return two $50 bills or ten $10 bills, it’s fungible. Although when you borrow a friend’s car, you cannot return a different car, thus a car is considered non fungible, collectible and is unique. Non-fungibility is a physical asset’s unique property. NFTs are unique, they cannot be exchanged or traded equivalently unlike money. 

NFTs or Non-Fungible Tokens are cryptographic assets minted (created) through blockchain technology, and have unique identification codes and meta-data, which makes each of them distinguishable. They can be transferred to other wallets, traded on the blockchain or leased to someone through a special smart contract with a time horizon. NFTs are minted as smart contracts that assign ownership and manage their transferability. When someone creates or mints an NFT, they execute code stored in smart contracts that conform to different standards, such as ERC-721. This information is added to the blockchain where the NFT is being managed. The minting process, from a high level, has the following steps that it goes through:

Creating a new block 

Validating information 

Recording information into the blockchain

Use Cases of NFTs

Authenticity and Ownership - As the blockchain can permanently store information about the product. NFT smart contracts can be used to check for the rarity, owner, and authenticity of the products. This can be applied to real estate, music items, videos, and more.

Digital Content - The most common use of NFTs today is digital content. Content creators see their profits enhanced by NFTs, as they power a creator economy where creatives maintain ownership over their content on platforms where they are publicised. An NFT could represent a key that unlocks access to a certain service or piece of content. This would allow some content creators to monetize their work for the first time ever. 

Gaming Items - NFTs are changing the gaming industry from its roots. From game developers to players, NFTs have caught interest for their benefits to both. For example, an NFT could represent a character in a game. The NFT would be stored on a blockchain and would be transferable to another player if the original owner decides to sell it. These can be applicable to other game items as well. This is where the major development towards the Metaverse is happening. 

Domain Names - NFTs provide your domain with an easier-to-remember name. It works like a website domain name, making its IP address more memorable and valuable, usually based on length and relevance.

Loyalty points or rewards - A company could issue NFTs that can be redeemed for discounts or special offers. It would give customers an incentive to keep using the company’s products or services.

What’s the size of the NFT Market?

Global NFT transaction volumes are on pace to surpass last year's peak soon, but the monthly declines beginning 2022 are troubling for the once-scintillating market. Total sales hit $37 billion as of the first week of May, according to a report from blockchain analysis firm, Chainalysis, compared with $40 billion for all of 2021.

There are around 15,000 to 50,000 NFTs being bought and sold every week. The right to the first-ever tweet was converted into an NFT, and sold for a record $2.9 million, by Twitter founder Jack Dorsey.

This tweet just said, "just setting up my twttr." 

How to buy an NFT? 

We can buy or sell NFTs through an NFT Marketplace. These are eCommerce platforms like Amazon or eBay where different products are listed by sellers, and buyers.

NFTs for digital assets can be stored, traded, and displayed to a large audience, an evolved business model is developing through these Marketplaces.

Three Simple steps to buy an NFT:-

·  Purchase Ethereum. (Since most NFTs are Ethereum-based tokens, most marketplaces for these collectibles accept primarily ETH tokens as payment.)

·  Connect your Wallet to an NFT Marketplace. There are many marketplaces to trade on.

·  Create, Sell, Buy or Lease the NFT.

Types of NFT Marketplaces.

Digital Collectibles: Examples of NFTs in such a marketplace are game/trade cards, trophies of wins, and unique videos of rare gaming moments, which are digitized as a non-fungible token or NFT.

Example:- Opensea

Gaming: Blockchain Games use NFT marketplaces in two ways. Some blockchain games collaborate with gaming marketplaces to allow tokenization of their in-game assets into NFTs. Then, there are pure NFT marketplace-centred games that are exclusively built on the concept of tradable collectibles. Such games are modelled after traditional games like football, racing, strategy, arcade, and even virtual worlds.

Example:- Axie Infinity

Real Estate: It is an online platform for fractional real estate where investors and agents can collaborate with each other to buy and sell their assets. It gives access to high-end, unique, and in-demand properties which can be converted into non-fungible tokens and crowd funding.

Music: The music industry may have finally started taking NFTs more seriously. A number of artists have launched music projects that have garnered fan attention and generated millions of dollars in revenue. Entire music albums or specific songs can be converted into NFTs and sold or leased (per listen) directly via special NFT marketplaces.

Example:- Airnfts

Investment Projects: In this model, the NFT marketplace can function like a stock market, and allow the users to buy/sell specific NFTs via trading. In some of the advanced and regulated NFT marketplace, such transactions can also have legal validity, similar to real estate.

Metaverse: A metaverse NFT marketplace is a technical concept of creating and integrating NFT assets into the virtual spaces of the metaverse. The metaverse is considered a parallel universe where avatars (representing the unique identity of users) can perform activities similar to the real world with the use of VR headsets.

Example:- Cryptovoxels, Decentraland

Top 10 NFT Marketplaces in 2024

1.  OpenSea

2.  SuperRare

3.  Jump.trade

4.  Rarible

5.  Axie Infinity

6.  Nifty Gateway

7.  Solanart

8.  Binance

9.  NBA Top Shot

[dfroza]

i was in San Francisco and drove by Twitter on the 5th anniversary of this tweet:

@jack

just setting up my twttr

3.21.06 • 3:50pm • Twitter

further scenes from march 21 in ‘11

monday sunset over the pacific

March 21, 2011 • Facebook