What are NFTs and what is their relationship to art?
The so-called non-fungible tokens (NFT) today have had a great growth in the environment and the entire Blockchain ecosystem, which becomes a topic of conversation of great interest and is a topic of conversation that has been widely discussed lately today.
The so-called non-fungible tokens (NFT) today have had a great growth in the environment and the entire Blockchain ecosystem, which becomes a topic of conversation of great interest and is a topic of conversation that has been widely discussed lately today.
An amazing article I read recently was an auction at Christie's auction house, Beeple was a work of art that sold for over 60 million dollars.
What are NFTs?
This Blockchain technology allows us to physically represent it in an unrepeatable and unique way. In this case, thanks to the security offered by this service, we can secure our investments, loans, among other things.
I will briefly tell you what I think about NFTs, this type of technology is to represent works of art, songs and a great etcetera, it can also be used in video games. NFTs cannot do anything in the Blockchain ecosystem without the prior permission of the owner of said NFT.
I will comment on some qualities or characteristics of NFTs, let's start:
Keep in mind that this type of blockchain technology called NFT in various aspects, such as those discussed above, are totally unique. Although they can make many copies of your NFT but that does not mean that you own the original, although your copies can be sold very quickly on the Internet.
The new NFT technology cannot be divided unlike cryptocurrencies that can be divided into parts, whether large or small.
NFTs have a cryptocurrency value, they do not have a dollar value unlike cryptocurrencies.
They are also indestructible, they cannot be broken since they are recorded in the blockchain by means of a smart contract.
Where can we buy and sell an NFT?
The answer may be known by many and the correct answer is OpenSea, at least it is the most widely used market worldwide. The company that I just mentioned has achieved a large sum of money since its inception, I want to mention that it is not a promotion since I am not an expert in Marketing.
This platform has also been the target of Phishing attacks on at least one occasion. This is stated by various sources of information on the web, for those who do not know what phishing is, Phishing is something similar to identity theft.
According to Timothy Mckimmy, the platform we are talking about was aware of an error that this same error allowed him to steal NFTs, I cannot confirm anything but there are sites that say that is the case. And the man Timothy Mckimmy sued OpenSea for it.
Bored Ape #3475 NFT. It is an NFT from the whistleblower but the cybercriminal who hacked OpenSea managed to sell it for around 0.01 ETH and later sold it at a price of 99 ETH which back then the 99 ETH was worth around 250,000 US dollars.
Something incredible!
I could also read on the internet that OpenSea was created for that purpose, they are only comments that can be found on the internet. I am not responsible for any legal charges, it is for informational and educational purposes only, I hope you have a happy and fulfilling life!
Carlos Mendoza, Technology lover.
