Bitcoin Forum
December 07, 2019, 04:54:24 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What Are NFTs?  (Read 75 times)
Unblock_news
Member
**
Offline Offline

Activity: 187
Merit: 12


View Profile
July 03, 2019, 08:39:09 AM
 #1

As the world is moving on, an NFT (ERC-721 token) presents as a new form of uniqueness and authenticity in the age of Blockchain.


https://www.hb-wallet.com/post/what-are-nfts
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1575737664
Hero Member
*
Offline Offline

Posts: 1575737664

View Profile Personal Message (Offline)

Ignore
1575737664
Reply with quote  #2

1575737664
Report to moderator
beerlover
Legendary
*
Online Online

Activity: 1442
Merit: 1065



View Profile
July 03, 2019, 05:41:49 PM
 #2

I think in order to make this a reality you have to actually follow with the idea you started out with and not keep innovating to make more profits.

Crypto kitties was something I got in a lot later than some early people did but after I got in I just wanted to have couple of kitties and possibly just breed my way into having almost all of the big genes if I could with as low generation as possible but instead of actually buying them I would breed them myself.

After I started working for that something happened, something that dropped the price of all kitties, crypto kitty firm decided to print out more kitties in some celebration and then for advertisement of a company, than something else.

Crypto kitties were valuable because there is a limited amount of them, but people realized since the company will eventually ran out of selling their kitties, they had to keep making money and thats why there wasn't limited amount of kitties, they would keep on creating new kitties all the time and there will never be a period where new kitty was unavailable, so the limitless amount of kitty caused the prices to plummet. If you can find a way to profit and make it limited then it can be good but if you keep printing new NFT then it will never work.

odolvlobo
Legendary
*
Offline Offline

Activity: 2702
Merit: 1442



View Profile
July 04, 2019, 05:28:52 AM
 #3

In the Bitcoin world, the non-fungible token is called a "colored coin": https://en.bitcoin.it/wiki/Colored_Coins

Buy stuff on Amazon at a discount with bitcoins or convert Amazon points to bitcoins: Purse.io
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
guoyu78
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 541



View Profile
July 04, 2019, 09:01:28 AM
 #4

As the world is moving on, an NFT (ERC-721 token) presents as a new form of uniqueness and authenticity in the age of Blockchain.


https://www.hb-wallet.com/post/what-are-nfts

Well, it would be better you  give us some summary about them here rather than linking us to an external page, if people wanted to go to external page other than bitcointalk, they would have done so, and Is this Ethereum product or what? Because I am not sure I have heard of this chain before, and what are the benefits of it that makes it greater than the Ethereum blockchain or better that the other chain that are already establish like that of EOS and Binance.

I don’t usually fall for all these type of hype because this virtually how every projects starts too, they are always feeling like the best, and then they end up below the 2000 rank in the coin market cap, anyway, I will look into it and hope that it will be a chain worth the time and attention.
darewaller
Hero Member
*****
Offline Offline

Activity: 1442
Merit: 534



View Profile
July 05, 2019, 07:45:16 PM
 #5

One other importance of this is the fact that they are somehow called collectibles. Like the vintage coins or some other stuff that people collect because they are rare and will never have the same print again so it will get valuable.

Baseball cards are a great example because they won't ever be printed the same way again, pokemon cards for example is a good example, I still have over a thousand of those in my possession which I have no idea how much they worth, I know for a fact that couple of them worth ten bucks or so which means I have some that worth something but I never really checked how much all of them worth and tried to sell it.

None of the NFT's are that valuable, of course people may decide that it does worth that much and make it expensive but in reality the companies feel too centralized and can change the value of it if you ask me, no printing company can print the pokemon cards the same way ever again but collectible coin companies can still print them technically speaking so they actually do not get more valuable with time like those collectibles.

.

 ▀
   ▀
.

 ▀
   ▀

█▀▄
▄▄▄
█████
█████
█████
█████
█████
█████
█████
█████
█████
█████
██████████████
█▀▄██████████████
▄▄▄██████████████
████▄▄▄▄▄▄▄███████
████████████▄█████
████████▀█████████
█████▀██▀██▀██████
████████▄█████████
███▄▄▄███▌██████
███▄██████████████
██▄███████▌███████
██▀█████▀█████████
██████████████████
.blackjack.fun..

  ▀
   ▄
.

  ▀
   ▄
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!