Tuesday, August 16

On Wealth And NFTs: Challenging The Meaning Of Own Legacy By CoinTelegraph

© Reuters. On heritage and NFTs: Challenging the meaning of heritage itself

In his monthly column on crypto, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the cryptocurrency space, decentralized finance (DeFi), and blockchain, as well as their role in shaping the 21st century economy.

When it comes to examining the economics of non-fungible tokens (NFTs) as it has been shaping up in recent months, two main trends can be distinguished. On the one hand, an entirely new marketplace allowing various artists to join a new economy of creators – the creators of the Bored Ape Yacht Club, various types of pixel art creators, and flickering creatives like the Long Neck Women Paintings Creator. , the sale of which brought the 12-year-old artist close to 1,394 Ether (ETH), which is equivalent to $ 6 million at the time of writing.

But the truth is that an NFT is much more than that. Take an example of one of the first significant sales of NFT, when Jack Dorsey sold the first tweet that appeared on Twitter (NYSE 🙂 in exchange for an amount that was then worth about 2.9 million dollars. That NFT gained value, but in fact, its own assimilation as an NFT preserved a kind of inheritance.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Reference-es.investing.com

Leave a Reply

Your email address will not be published.