The NFT concept is new to most; the term “non-fungible token†skyrocketed into the mainstream from relative obscurity within an esoteric group of cryptocurrency aficionados. The script changed in early 2021: NFT collectors suddenly started spending thousands to sometimes millions of dollars to buy various JPEGs and GIFs on the Internet. With so much money …
NFT art is soaring in popularity due to the blockchain’s ability to offer a multitude of features that appeal to both creators and collectors. Artists continue earning royalties for the same artwork from the sales in the secondary market, which isn’t possible in the traditional art scene. Collectors enjoy advantages that weren’t possible before blockchain …
NFT Copyright: What Artists and Collectors Should Know Read More »
In August 2021, a prominent NFT collector called Pranksy paid more than $336,000 for a fake Banksy NFT. Pranksy first learned about the artwork from a member of his Discord channel. The auction was also advertised on Banksy’s official page. About an hour after placing his offer, the seller of the NFT was accepted by …
The Most Common NFT Scams (And How to Avoid Them) Read More »
The word “meta†is all the rage lately since the Facebook name re-brand, but let’s get our crypto fundamentals in order before everything is referred to as metadata. A Non-Fungible Token (NFT) is a token that represents a single specific digital asset, whether that be a .JPEG file, .GIF, .MP4, or whatever else. That file …
MetaMask was built and launched in 2016 by ConsenSys, a largely Ethereum-focused blockchain development studio as a means to interact with Ethereum blockchain. The wallet itself is non-custodial, meaning that the owner (you) doesn’t have to relinquish possession of their private keys to a third party. However, this comes with great responsibility, as we’ll get …
