Blog Archives - Tant-Mucat https://mutantcats.io/category/blog/ Online courses in NFT Thu, 02 May 2024 12:06:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://mutantcats.io/wp-content/uploads/2022/12/cropped-4-32x32.jpg Blog Archives - Tant-Mucat https://mutantcats.io/category/blog/ 32 32 9 NFT Gaming Projects That Will Be on The Top https://mutantcats.io/9-nft-gaming-projects-that-will-be-on-the-top/ Wed, 01 May 2024 13:30:59 +0000 https://mutantcats.io/?p=133 The gaming industry continues to actively develop, attracting the attention of both players and investors. Among the many projects, a special place is occupied by…

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The gaming industry continues to actively develop, attracting the attention of both players and investors. Among the many projects, a special place is occupied by games based on NFT (non-replaceable tokens), which offer not only exciting gameplay, but also an opportunity to earn money. Here is a list of 9 NFT projects in the gaming industry, which, according to experts, promise to become the most successful.

Legends of Arcadia

Legends of Arcadia is a card-based strategy game with “play and earn” elements, created by Anoka Brands. In this game, users collect heroes of different classes and factions to participate in battles. A special feature is the ability to play the game without NFT, however, owning tokens entitles you to mine an ARCA token. NFT will be offered for free, making it accessible to a wide audience. This sets the stage for active player engagement and increases the potential of playing on the NFT marketplace.

Vallarock

Vallarok is an open-world RPG where players explore a post-apocalyptic Viking world. The game offers a variety of game mechanics including resource gathering, item crafting, and PvP. Artificial intelligence integration provides seamless interaction with NPCs. NFT ownership provides players with access to exclusive in-game items and participation in the game’s token airdrop, which adds an extra incentive to participate in the project.

Palio

Palio is a game project from Exterio that combines elements of strategy and “play and earn”. Players are given the opportunity to farm Palio points, which can be exchanged for an Exterio token. NFT’s limited edition of 3,333 pieces makes each token a unique and valuable asset. This offer attracts the attention of both players and investors looking to maximise their returns.

TTT

TTT is a mobile game inspired by the classic Grand Theft Auto, but with a unique integration of blockchain technology and NFT. This promises to add a new level of interaction and economics to the gameplay. While details on the release of NFT are not yet known, the ambitious nature of the project and the combination of popular game mechanics with the latest technology is generating a lot of interest from the community.

Blackdawn

Blackdawn is a game that stands out for its visual style and the promise of integrating artificial intelligence to enhance the gaming experience. The project is still in development, and while details about the NFT release remain under a veil of secrecy, it’s already clear that the developers are aiming to offer a deeply immersive gaming experience. It is expected to be one of the most innovative projects in the gaming industry.

Castile

Project Castile promises to be one of the most exciting games in the NFT world. The difficulty of getting a whitelist only emphasises the high interest and expectations for the game. While specific NFT details remain unknown, the general enthusiasm and anticipation of success speaks to the great potential of the project in the eyes of the community and investors.

Today The Game

“Today The Game” stands out from other projects because of its approach to releasing NFT – a free mit with a limited edition of 777 copies. This strategy not only draws attention to the game, but also ensures high demand on the secondary market. The game offers a unique gaming experience and promises to appeal to both players and NFT collectors.

Blade of God X

Blade of Year X is a unique addition to the world of NFT gaming, combining elements of RPG and artificial intelligence. Players will explore a world full of danger and adventure with the help of an AI companion. While specific details about the release of NFTs and their functionality have yet to be revealed, the project promises an innovative approach to gameplay and in-game interaction. 

With the promise of a free mit and a limited number of NFTs, the project is attracting the attention of both players and investors looking for new opportunities in the world of blockchain gaming.

Avalon

Avalon is a large-scale project that allows players to travel between different worlds, from futuristic to fantasy to medieval. This ability to transition between genres and styles makes the game particularly appealing. 

Details about the NFT for this project have yet to be announced, but it’s already clear that the developers have ambitious goals. Avalon is expected to offer a deep and multifaceted gaming experience, enhanced by the use of artificial intelligence to create unique content and interactions in the game.

Conclusion

These 9 NFT game projects are an exciting combination of innovation, engaging gameplay and blockchain technology. From strategic card games and open-world RPGs to roguelikes with pixel graphics, each project promises a unique gaming experience and opportunities to make money through NFT. 

Free mits and limited edition titles provide an added incentive to participate and invest. However, it’s important to be mindful of the risks and research each project thoroughly before investing.

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Top 10 Most Expensive Funko Pop NFT’s in 2024 https://mutantcats.io/top-10-most-expensive-funko-pop-nfts-in-2024/ Wed, 01 May 2024 13:30:04 +0000 https://mutantcats.io/?p=130 Recently, NFTs (Non-Fungible Tokens) have become one of the most talked about topics in the world of collecting. Funko, a company known for its unique…

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Recently, NFTs (Non-Fungible Tokens) have become one of the most talked about topics in the world of collecting. Funko, a company known for its unique and diverse figurines, has a special place in this trend. With the release of NFT versions of their popular figures, the company has created a new trend for collectors. Among these emerging trends, Bitcoin casinos UK have also gained significant traction, offering a unique blend of digital currency and online gaming.

10. Black Light Bebop (Teenage Mutant Ninja Turtles)

Black Light Bebop is one of the first figures in Funko’s NFT series based on the character from the Teenage Mutant Ninja Turtles TV series. It costs up to $340, which makes it quite attractive for collectors. The figurine is interesting for its unique design that glows under black light. Its value in the market has been quite volatile, showing fluctuations from $500 to $630.

9. Dragon (Stranger Things).

The Dragon figurine from Stranger Things is priced at $360 and is characterised by its imposing three-headed design. This character has become one of the most memorable in the series, and his figurine has quickly gained popularity among fans. The intricate and detailed design makes it a coveted collector’s item. The value of this figurine may change with the release of the final season of Very Strange Things.

8. Batman Rebirth

The Batman Rebirth figurine is valued at $360 due to its limited run and the popularity of the character. Although it doesn’t stand out among other Batman figurines with a unique design, its rarity attracts the attention of collectors. This figurine has become a “grail” for many DC fans. Its value on the market has experienced fluctuations, but remains very high among NFT figures.

7. Super Scooby-Doo.

Super Scooby-Doo from the Scooby-Doo series is priced at $370 and shows the high demand for Funko’s Scooby-Doo products. The figurine features an original and recognisable design that is particularly appealing to fans of the series. This figurine has taken its place in the market as one of the most desirable among collectors. Its value in the market confirms the steady interest in Scooby-Doo related products.

6. Daenerys with the Egg (Game of Thrones)

Daenerys with Egg from the Game of Thrones series costs $400 and stands out from other figurines due to its importance to the plot of the series. The periodic increase in interest in the Game of Thrones series contributes to the increasing cost of this figurine. The figurine’s design depicting Daenerys holding a dragon egg is symbolic and important to the plot. The rarity and popularity of the character makes it a desirable purchase for many fans.

5. Harvey Dent (The Dark Knight Trilogy).

The Harvey Dent figure from The Dark Knight Trilogy is valued at $410 and is one of the most coveted figures among DC collectors. The lack of the Harvey Dent figure in the original Funko Pop line has made many people wait for this release. The uniqueness of this figure depicting one of the key antagonists of the film adds to its value. Harvey Dent’s value on the market remains consistently high, emphasising his rarity and popularity.

4. Freddy Funko as the Devil (Halloween Series 1)

Freddy Funko as the Devil from the first Halloween series is valued at $430 and was one of the most unique figures in the author’s collection. The limited edition and original design made this figurine especially valuable on the secondary market. The value of Freddy Funko as the Devil shows fluctuations, which is typical of the NFT market. This figurine continues to be a focus for collectors due to its uniqueness and popularity.

3. Knights of the Dead Eddie (Iron Maiden).

The Knights of the Dead Eddie figurine from the Iron Maiden series costs $460 and is one of the rarest on the market. Its limited run of only 556 pieces makes it especially attractive to collectors. This figurine stands out for its unique design that delights fans of the band Iron Maiden. Eddie’s rarity and high value emphasise his importance in any fan’s collection.

2. Thermal Leonardo (Teenage Mutant Ninja Turtles).

Thermal Leonardo from the first NFT Teenage Mutant Ninja Turtles series is valued at $460. This figure remains one of the most expensive and coveted among collectors, despite its unusual and even controversial design. Its limited run of 99 copies makes it a rarity on the market. The value of the Thermal Leonardo is a testament to its uniqueness and importance to a Teenage Mutant Ninja Turtles fan’s collection.

1. Aang Fire Tribe (Avatar: The Last Airbender)

Aang Fire Tribe, the most expensive figure on the NFT Funko Pop market, is priced at $610. A timely release to coincide with the release of the series on Netflix has significantly increased its value. The limited edition of 969 pieces makes it a valuable purchase for fans of the Avatar: The Last Airbender series. This figure continues to attract the attention of collectors due to its design and importance in fan culture.

Conclusion

Funko continues to dominate the NFT market by offering collectors unique physical products that maintain their value and appeal. Funko Pop’s list of the most expensive NFTs demonstrates the variety and uniqueness of collectable figures available on the market. The value of these figures may change over time, so collectors should keep a close eye on the market.

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NFT as the Future of Digital Collections Investment https://mutantcats.io/nft-as-the-future-of-digital-collections-investment/ Wed, 31 Jan 2024 15:22:29 +0000 https://mutantcats.io/?p=123 In recent years, the world of digital art and collectibles has undergone a transformative revolution thanks to Non-Fungible Tokens (NFTs). These unique digital assets have…

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In recent years, the world of digital art and collectibles has undergone a transformative revolution thanks to Non-Fungible Tokens (NFTs). These unique digital assets have not only taken the art world by storm but have also expanded into various other domains, from music and video games to virtual real estate and beyond. As the hype surrounding NFTs continues to grow, it’s worth delving into why they are considered the future of digital collections investment.

What are NFTs?

Non-Fungible Tokens, or NFTs, are digital certificates of authenticity that use blockchain technology to verify the uniqueness and ownership of a specific digital asset. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are one-of-a-kind tokens that represent a specific piece of digital content. This content can be anything from digital art, music, videos, virtual real estate, collectibles, in-game items, and more.

The Value of Ownership

NFT ownership provides a level of uniqueness and exclusivity that was previously unattainable in the digital realm. When you own an NFT, you have a digital certificate that proves your ownership of a specific item, and the blockchain ensures the provenance and history of that item. This concept has breathed new life into the idea of digital ownership, allowing creators and collectors to establish true ownership of their digital assets.

Investment Opportunities

NFTs have opened up exciting investment opportunities for both artists and collectors. Artists can now tokenize their work, allowing them to sell directly to a global audience without the need for traditional intermediaries like galleries or auction houses. This can significantly increase their earnings and creative freedom.

On the other hand, collectors can invest in NFTs, speculating on the potential future value of unique digital assets. The growing interest in NFTs has created a vibrant secondary market, where rare and coveted NFTs can be bought and sold at significant premiums. This market has already produced notable success stories, with some NFTs selling for millions of dollars.

Challenges and Considerations

While NFTs offer exciting opportunities, there are also challenges and considerations to keep in mind. The environmental impact of blockchain technology, specifically Proof of Work (PoW) blockchains, has come under scrutiny due to their energy consumption. Additionally, the NFT space has seen its share of scams and copyright issues, highlighting the need for vigilant due diligence when participating in the market.

The Future of Digital Collections Investment

NFTs are reshaping how we think about and interact with digital content. They have the potential to democratize the art world, empower creators, and provide unique investment opportunities. As the technology and ecosystem surrounding NFTs continue to evolve, it’s clear that they are more than just a passing trend; they represent the future of digital collections investment.

In conclusion, NFTs have disrupted traditional notions of ownership and investment in the digital space. Whether you are an artist looking to monetize your work or an investor seeking new opportunities, NFTs offer a dynamic and transformative landscape that is reshaping the way we engage with digital collections. Embracing this technology with caution and understanding is key to harnessing its full potential in the ever-evolving world of digital assets.

The Evolving NFT Ecosystem

The NFT ecosystem is rapidly evolving, with new platforms, marketplaces, and innovations continually emerging. Major art institutions, celebrities, and brands are also entering the NFT space, further legitimizing its importance in the digital and traditional art worlds. As more industries explore the possibilities of NFTs, we can expect to see a wider range of digital assets being tokenized, from historic moments in sports to virtual real estate in the metaverse.

Challenges and Ethical Considerations

While NFTs offer exciting opportunities, they also raise important ethical questions. Issues related to copyright, plagiarism, and intellectual property rights are still being navigated in this relatively young ecosystem. Additionally, the environmental concerns associated with the energy-intensive Proof of Work blockchains, like Ethereum, have led to discussions about transitioning to more sustainable blockchain technologies.

Conclusion

As we look ahead, NFTs have firmly established themselves as a powerful force in the world of digital collections investment. Their ability to merge technology, art, and finance is reshaping how we perceive and engage with digital assets. While challenges persist, the promise of NFTs as a transformative and enduring feature of the digital landscape is undeniable. Whether you’re an artist, collector, or investor, understanding the intricacies and potential of NFTs will be essential in navigating this evolving and exciting frontier. The future of digital collections investment has arrived, and NFTs are at its forefront, unlocking new possibilities for creators and collectors alike.

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Why Everyone Should Know and Understand NFT https://mutantcats.io/why-everyone-should-know-and-understand-nft/ Fri, 14 Jul 2023 22:45:29 +0000 https://mutantcats.io/?p=117 The world of digital assets is rapidly evolving, and one of the most significant developments in recent years is the emergence of Non-Fungible Tokens (NFTs).…

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The world of digital assets is rapidly evolving, and one of the most significant developments in recent years is the emergence of Non-Fungible Tokens (NFTs). NFTs have gained immense popularity and have become a hot topic of discussion among artists, collectors, investors, and gamers alike. In this article, we will explore why everyone should know and understand NFTs, their future implications, and their impact on the gaming industry.

Introduction to NFTs

In the digital realm, ownership has historically been a complex and often murky concept. NFTs, built on blockchain technology, bring clarity and authenticity to digital ownership. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and interchangeable, NFTs are unique and indivisible. Each NFT represents a distinct digital asset, be it a piece of art, a video clip, a music track, or even virtual real estate.

What are NFTs and how do they work?

NFTs are created and stored on a blockchain, typically the Ethereum blockchain, which ensures transparency, security, and immutability. Each NFT contains a unique identifier, verifying its authenticity and ownership. The blockchain serves as a decentralized ledger, recording the ownership history and transaction details of each NFT. This transparent and traceable nature of NFTs eliminates the possibility of counterfeit or duplicate assets.

Why should everyone know and understand NFTs?

Understanding NFTs is essential because they revolutionize the way we perceive and interact with digital assets. Here are a few key reasons why everyone should be aware of NFTs:

a. Authenticity and Provenance: NFTs provide a verifiable record of ownership and provenance, ensuring that the digital asset is genuine and not a copy. This has significant implications for artists, collectors, and buyers, as it establishes trust and value.

b. Creating New Opportunities for Artists and Creators: NFTs empower artists and creators by enabling direct monetization of their work. Through NFT marketplaces, artists can sell their digital creations, retain a portion of future sales, and build a community around their art.

c. Tokenizing Real-World Assets: NFTs have the potential to tokenize real-world assets, such as real estate, intellectual property, and even rare physical collectibles. This opens up new avenues for fractional ownership, liquidity, and efficient transfer of value.

NFTs and the Revolution in Gaming

The world of gaming is undergoing a remarkable transformation with the integration of Non-Fungible Tokens (NFTs). This revolution brings unprecedented opportunities for gamers, developers, and collectors alike. Let’s delve deeper into the impact of NFTs on the gaming industry, with a specific focus on the thrilling online casino game Penalty Shoot-out https://penaltyso2game.com/.

Introduction to the Online Casino Game Penalty Shoot-out

Imagine stepping onto a virtual football field, the roar of the crowd filling your ears as you prepare to take a penalty shot. Penalty Shoot-out, an innovative online casino game, captures the excitement of this moment and immerses players in the world of competitive football.

What sets Penalty Shoot-out apart is its integration of NFTs, revolutionizing the gaming experience. As you progress through the game, you have the opportunity to collect unique NFT-based player cards. These player cards represent iconic football stars, each with their own special abilities and attributes. By owning these exclusive NFT player cards, you gain a competitive edge and unlock exciting gameplay features.

NFTs and the Future of Digital Ownership

NFTs offer an unprecedented level of authenticity and provenance in the digital realm. With traditional digital files, it is challenging to establish the original source and ownership. NFTs solve this problem by providing a permanent record on the blockchain, eliminating doubts about the legitimacy of digital assets.

Creating New Opportunities for Artists and Creators

The art world has been revolutionized by NFTs, empowering artists to sell their work directly to collectors without intermediaries. By minting their creations as NFTs, artists can retain control and earn royalties on secondary market sales. This opens up a world of possibilities for artists to monetize their talent and connect with a global audience.

Tokenizing Real-World Assets

NFTs have extended beyond the realm of digital art and are increasingly being used to tokenize real-world assets. Physical assets such as real estate, luxury goods, and intellectual property can be represented as NFTs. This allows for fractional ownership, making investments more accessible and enabling efficient transfer of ownership.

Incorporating NFTs in Gaming

By incorporating NFTs into gaming, developers can offer players true ownership of in-game assets. Instead of virtual items being locked within a game, players can buy, sell, and trade NFTs representing these assets in decentralized marketplaces. This creates a new economy within the gaming world and enhances the overall gaming experience.

Benefits of NFT Integration in Gaming

The integration of NFTs in gaming brings several benefits. Firstly, it allows players to truly own their in-game assets, providing a sense of value and investment. Secondly, it introduces the concept of rarity and scarcity, making certain items more desirable and sought after. Lastly, it creates new revenue streams for game developers through the sale of NFTs and transaction fees.

6. NFTs and the Potential for Investments

NFTs have captured the attention of investors due to their potential for high-value sales. Unique digital artworks and collectibles have been sold for millions of dollars, attracting both traditional art investors and cryptocurrency enthusiasts. The scarcity and uniqueness of NFTs contribute to their appeal as an investment asset class.

NFTs as a Speculative Asset Class

While the NFT market has experienced significant growth, it is essential to recognize the speculative nature of investing in NFTs. Prices can be volatile, and the market is still evolving. Investing in NFTs requires careful research, understanding the market trends, and assessing the long-term value of the digital assets.

NFTs and Fractional Ownership

NFTs can enable fractional ownership, allowing investors to own a fraction of a high-value digital asset. This concept opens up opportunities for smaller investors to participate in the ownership and potential appreciation of valuable NFTs, which would otherwise be inaccessible.

NFTs and the Impact on Industries

NFTs have the potential to disrupt various industries beyond art and gaming:

Art and Collectibles

NFTs have already transformed the art world by redefining the concept of ownership and enabling direct artist-to-collector transactions. Digital art has gained recognition, and NFTs have provided a platform for artists to showcase and monetize their work like never before.

Music and Entertainment

NFTs have also made waves in the music and entertainment industry. Musicians can release limited edition tracks as NFTs, offering exclusive perks to their fans. This creates a new revenue stream for artists and strengthens the connection between artists and their audience.

Fashion and Luxury Goods

Luxury brands are exploring the use of NFTs to establish provenance and authenticity of high-end products. NFTs can be linked to physical luxury goods, ensuring their genuineness and allowing buyers to track the history and origin of their purchases.

How to Get Started with NFTs

To engage with NFTs, individuals need to set up a digital wallet that supports the Ethereum blockchain. Wallets such as MetaMask, Trust Wallet, and MyEtherWallet are popular choices. These wallets allow users to store, send, and receive NFTs securely.

Exploring NFT Marketplaces

NFT marketplaces are platforms where users can buy, sell, and trade NFTs. Popular marketplaces include OpenSea, Rarible, and NBA Top Shot. Users can explore various categories, discover unique NFTs, and participate in auctions and sales.

Buying, Selling, and Trading NFTs

Once users have a digital wallet and access to a marketplace, they can start buying, selling, and trading NFTs. It is essential to research and verify the authenticity and value of NFTs before making a purchase. Additionally, understanding gas fees and transaction costs is crucial to avoid unexpected expenses.

Overcoming Challenges and Concerns

While NFTs present exciting opportunities, there are also challenges and concerns to address:

Environmental Impact and Energy Consumption

The energy consumption associated with blockchain technology, including NFTs, has raised concerns regarding sustainability. As the technology evolves, efforts are being made to explore more eco-friendly alternatives and improve efficiency.

Scalability and Blockchain Limitations

The current blockchain infrastructure faces scalability issues, with high fees and slower transaction times during periods of peak demand. Ongoing research and development aim to address these limitations and make blockchain technology more scalable and user-friendly.

Protecting Against Fraud and Plagiarism

The digital nature of NFTs makes them vulnerable to fraud and plagiarism. It is crucial to verify the authenticity of NFTs and ensure that artists and creators are properly credited and compensated for their work. Ongoing efforts are being made to implement standards and best practices to protect against these risks.

Conclusion

Non-Fungible Tokens (NFTs) have emerged as a revolutionary concept, transforming digital ownership and offering new possibilities for artists, creators, gamers, and investors. Understanding the potential of NFTs is crucial in navigating the rapidly evolving digital landscape. As the future unfolds, NFTs will continue to shape industries, redefine ownership, and empower individuals in unprecedented ways.

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Why are NFTs thriving, and what’s next for them? https://mutantcats.io/why-are-nfts-thriving-and-whats-next-for-them/ Mon, 16 May 2022 07:08:00 +0000 https://mutantcats.io/?p=54 2017: NFT first gained widespread public attention through CryptoKitties, a project of sorts in which customers breed and sell digital cats.

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NFTs may seem like they came out of nowhere, but they are an innovation that has been worked on for several years.

2017: NFT first gained widespread public attention through CryptoKitties, a project of sorts in which customers breed and sell digital cats.
2018: the emergence of a mini hype led to venture capital-led investments, and platforms were created to buy, promote and coin NFTs such as: SuperRare, OpenSea, Rarible and Nifty Gateway.
2019: Huge manufacturers such as Formula 1 and Nike entered the market.
2020: The NFT market tripled to $250 million.
During the first few months of 2021, we could see an explosion of NFT.

Much of this NFT market behavior can be attributed to the launch of at least one NFT platform: the NBA Prime Shot by Dapper Labs, launched in October 2020 with the support of the basketball league.
On Prime Shot, customers can buy digital packages that contain NFT called “moments” – short video clips of NBA highlights such as a memorable dunk. Kathy Tedman, head of partnerships, advertising and marketing at Dapper Labs, says the platform now has 511,000 registered customers and more than $301 million in gross sales in just five months of operation.

Consultants says the rapid growth of NFTs such as Prime Shot is due quite simply to related events in the world and cryptocurrency community.

COVID-19 has made us more digitally connected. People working from home are finding extra time to interact in digital areas, so they find themselves more open to digital goods and vendors.
The rise in popularity of cryptocurrency has sparked a curiosity for a different type of digital property.
Large companies (e.g. auction house Christie’s) have gained the trust and status of NFT by taking part in bidding.
Irreplaceable items tend to thrive in times of financial turmoil. When traditional currency is on the verge of collapse, attention always shifts to other exclusive values.

The principles that determine the value and trends of NFT in the future are very simple.
Authenticity. Collectibles have all sorts of authenticity mechanisms, and none of them can provide a one hundred percent guarantee (even famous art appraisers have been fooled by fakes). By contrast, NFT originality is anchored on the blockchain.
Limited quantity. Many NFTs are unique or limited. For example, only 10,000 crypto-punks have been launched. Of these, only 24 are “monkeys.” And physical objects of art in digital form are one of a kind.
Transferability. A token can be resold to almost anyone around the world, which means it has a wider range of potential consumers.

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We hadn’t heard of NFTs before. Have they been around very recently? https://mutantcats.io/we-hadnt-heard-of-nfts-before/ Tue, 24 Aug 2021 07:03:00 +0000 https://mutantcats.io/?p=51 Tokens of this kind were created back in the mid-2010s, but the first NFT projects became available only in 2017. The popularization of NFT

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Although blockchain and cryptocurrencies have been around for years, NFT is a relatively new phenomenon.

Tokens of this kind were created back in the mid-2010s, but the first NFT projects became available only in 2017. The popularization of NFT, which people are now earning millions of dollars with, was originally credited to CryptoKitties, a game in which you can breed virtual cats. The game became extremely popular, and the sums for which you can sell digital pets exceeded $100,000.

Professor Donna Redel – formerly the managing director of the World Economic Forum and now an expert on blockchain and cryptocurrency at Fordham University – shared her views on the development of NFT.

She notes: “the ‘resurgence’ of NFT in 2021 is closely tied to advances in the blockchain infrastructure itself. “We’ve been watching the continued development of blockchain,” says Redel. – People have been taking the bitcoin system as the basis, and that’s how the Lightning protocol (a payment protocol that allows instant transactions – GA note) came about. […] We also watched the development of technologies based on the Ethereum blockchain platform. People were building [the infrastructure of non-interchangeable tokens] rather than making purchases.”

Donna Redel is the first woman to lead a U.S. exchange
Redel notes that the development of blockchain technology and the emergence of NFT services (many of which appeared in the past year) also coincided with other processes in society and the economy. A large number of new players, including non-professional traders and amateur investors, have emerged in stock markets (and cryptocurrency markets).

The democratization of the stock market (the apotheosis of which was the situation around Gamestop shares) coincided with a pandemic: being in self-isolation, alone with their devices, many people began to pay attention to new financial instruments.

A certain role in the “revival” of NFTs was also played by the information buzz around them. The big names in the news headlines in the neighborhood of NFTs couldn’t help but draw attention to them. It is one thing when NFT is talked about in narrow gamer communities, and another thing when celebrities such as Elon Musk, Banksy, or Paris Hilton release their tokens.

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How the NFT works https://mutantcats.io/how-the-nft-works/ Sat, 08 Feb 2020 07:00:00 +0000 https://mutantcats.io/?p=48 An NFT, or non-interchangeable token, is a unit of record that is used to create a digital cast for any unique item. These can include: paintings, photos, videos, music, gifs

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An NFT, or non-interchangeable token, is a unit of record that is used to create a digital cast for any unique item. These can include: paintings, photos, videos, music, gifs – in short, any content that claims to be at least somewhat unique. They are a great value among collectors, gamers and art lovers, and are bought and sold through auctions.

These tokens are stored in what is known as a blockchain – a huge chain of blocks, each containing information.

A token is just a record in one of the blocks, and as a rule, there can be a lot of records of the same type. For example, each individual bitcoin is an exact copy of another bitcoin of the same type, making it possible to match them with a currency.

But what if you need to create a unique token that has no counterparts? The answer is NFT.

The main value of NFT is exclusivity
An NFT token is a way to translate unique items from the real world into blockchain. Each of these tokens is unique, indivisible and exists in a single number. In addition, the blockchain securely stores all necessary information about it.

The uniqueness can vary. Thus, the first SMS was sold for $150,000 and the first tweet of Jack Dorsey, the founder of Twitter, sold for almost $3 million.

How are files transferred to NFT-tokens?
There are many platforms where you can place your tokens. Some of them even have a narrow specialization – for example, only gaming items or only art.

The most popular are OpenSea, SuperRare, Foundation and Rarible. As a rule, the sites charge a commission in Ethereum cryptocurrency, or ether, as it is called in common parlance. The amount of commission varies, but it’s usually a few tens of dollars (this cost is due to the fact that the new token will need to be included in the blockchain).

What is cryptocurrency
The commission is always charged at the time the token is created, but depending on the site, it could be either immediately after the file is uploaded or at the time of sale.

Ways to make money with NFT
Although by design NFT tokens were created as an opportunity for creators of digital content to make money from collectors, gamers and just art connoisseurs, the main focus now is monetization of popularity.

The prototypes of NFT were colored bitcoins, which worked in a similar way
For example, Elon Musk, the founder of Tesla, auctioned off his tweet with a track about NFT for $1 million. In the end, it was never sold, but it attracted a lot of attention from online media.

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