Why are NFTs so popular?

 236 total views

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Why are NFTs so popular?

By Staff Reporter

Lately, NFTs have been making headlines, with some selling for millions of dollars. For example, artist Beeple recently auctioned off an NFT at Christie’s for a whopping $69 million. Eric Ma, CEO of BTCU (https://btcu.io)

Explains:
‘The significance of NFTs lies in the ability to securely value, purchase, and exchange digital assets, particularly art, using a digital ledger’. ‘This ledger is stored publicly, accessible by anyone, and ensures
that the NFT can’t be copied or tampered with. Without the NFT’s metadata attached to the image, these copies cannot be sold on as they cannot be verified as authentic’- adds Ma.

NFTs are also being used by many more online content creators, especially after the release of popular trading card games CryptoKitties. Historically, when a content creator puts their content online, much of their earnings are taken by the platforms hosting their work. An artist publishing their work in social media makes money for the platform that sells Ads to the artist’s followers. Artists get exposure, but very little profit. The development of NFTs has allowed creators to keep one hundred percent ownership of their work. When they sell their content, funds go directly to them, with no commission or advertising fees. If and when the NFT gets sold by the new owner, the original creator has the power to automatically receive royalties. This is guaranteed every time it’s sold because the artist’s details and credentials are part of the token’s metadata, which can’t be modified.

Aside from being a popular way of buying and selling works of art, more and more NFT marketplaces appear, as businesses of all kinds realize the potential of NFTs. Each blockchain has a unique NFT token standard, wallet services, and marketplace. Many platforms allow digital artists to connect their wallets and upload their images. Some of the biggest names include OpenSea, Mintable and Rarible, and it is with organizations like this the BTCU is building relationships and creating an accessible decentralized experience for buyers and sellers alike.

 237 total views

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Donate Now to Truthcoin Which Enables Truthbook .Social To Grow a Censor Free Social Media Platform, $1000 Donation Turns Into $7500

Truthbook.social offering hundreds of thousands in giveaways for those joining its new social media platform as many desert Facebook in droves because of censoring

Here is some of the current incentives being offered to new users

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

For ANR Smaller Donors please donate below to help fund our critical not for profit work. Together we can defeat mainstream media.

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Truthcoin Offer

$1000 USD turns into Now $7500 Truthcoin
$2,500 USD turns into Now $25,000 Truthcoin
$5000 USD turns into Now $65,000 Truthcoin
$10,000 USD turns into Now $150,000 Truthcoin
$15,000 USD turns into Now $250,000 Truthcoin
$50,000 USD turns into Now $1.15 Million Truthcoin
$100,000 USD turns into Now $2.5 Million Truthcoin

Leave a Reply

Your email address will not be published. Required fields are marked *

McIntyre Report
Political Talk Show

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Kylie Bartlett show

Craig Schulze Show

WHY WE NEED TO START SAYING NO TO GAIN OUR SELF RESPECT

Play Video

Raw Report

Ryan Jackson Saw show

Hero Nurse Exposes Government Policies Leading to Elder Abuse

ANR Conversations With Wayne Crouch and Lisa Johnston With Special Guest Simeon Boikov A.K.A the Aussie Cossack

Top 10 Crypto

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

Truthbook.Social

Currency Exchange Rates in AUD

Live and updated every minute of the day

Current Price of Bitcoin 2.0
0.19 on Coinsbit

Nurses Speak Out

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Enter email to receive ANR News articles, 2 free e-books, plus the Global Health Organisation Report

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY