Osborn (@00476) • Hey
A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain, and is used to certify ownership and authenticity.
Publications
- It introduced the formalization and defining of the term Non-Fungible Token "NFT" in blockchain nomenclature by establishing a standard for smart contracts known as "ERC-721" whose tokens would have unique attributes and ownership details, ensuring no two tokens are alike.
- While experiments around non-fungibility have existed on blockchains since as early as 2012 with Colored Coins on Bitcoin, a community-driven paper called ERC-721: Non-Fungible Token Standard was published in 2018 under the initiative of civic hacker and lead author William Entriken and is recognized as pioneering the foundation for NFTs and enabling the growth of the wider eco-system.
- It used an early version of ERC-721 that differed from the formally published version of the standard in 2018.
- in November 2017, the widely acclaimed blockchain game on Ethereum known as CryptoKitties launched and is credited with pioneering what is considered to be the very first bona fide non-fungible token standard, known as ERC-721.
- In December, a clipart based collection featuring images of rocks called EtherRock emerged.
- The generative art project of 10,000 pixelated characters known as CryptoPunks emerged soon after in June and would later establish itself as one of the most commercially successful NFT projects.
- Curio Cards in May of that year is credited with being Ethereum's first art NFT project using the fungible standard and features artwork in the shape of a card among a variety of image types including satirized corporate logos.
- In 2017, several NFT projects emerged on Ethereum that utilized a "fungible" token standard known as ERC-20.
- In 2016, Rare Pepes a "semi-fungible" NFT project centered around the Pepe the Frog meme involving a collective of artists contributing their works into a curated directory, emerged on Bitcoin through a protocol known as Counterparty (which had been created in 2014 and used to create other assets).
- Within 24 hours, all tiles of the current version and a prior version, each hardcoded to 1 ETH (US$ 0.43 at the time of launch), were sold for a total of US$ 1.4 million.
- Most of Etheria's 457 purchasable and tradable hexagonal tiles went unsold for more than five years until March 13, 2021, when renewed interest in NFTs sparked a buying frenzy.
- In October 2015, the first NFT project, Etheria, was launched and demonstrated at DEVCON 1 in London, Ethereum's first developer conference, three months after the launch of the Ethereum blockchain.
- **Opening the garden**
art by @lens/notgonnamakeit
Limited Collect for 1 MATIC
80% going to the artist, and 20% going to @lens/creators to collect and tip more creators on Lens.
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- This explicitly linked a non-fungible, tradable blockchain marker to a work of art, via on-chain metadata (enabled by Namecoin).
- McCoy and Dash referred to the technology as "monetized graphics".
- McCoy registered the video on the Namecoin blockchain and sold it to Dash for $ 4, during a live presentation for the Seven on Seven conferences at the New Museum in New York City.
- It consists of a video clip made by McCoy's wife, Jennifer.
- The first known "NFT", Quantum, was created by Kevin McCoy and Anil Dash in May 2014.
- but later allowed such use upon acquisition by the collection's parent company.
- The NFT collection CryptoPunks was a project that initially prohibited owners of its NFTs from using the associated digital artwork for commercial use,
- Certain NFT projects, such as Bored Apes, explicitly assign intellectual property rights of individual images to their respective owners.
- They definitely do not own the copyright to the underlying work unless it is explicitly transferred."
- The finis are taking their talents to South Beach.
Visit the Lens exhibit at Gateway Miami and mint your own Clem @lens/fini
- ^
- web2 vs web3 default pfps
Empty pfps on @lens/hey will now default to Lennys!
- According to legal scholar Rebecca Tushnet, "In one sense, the purchaser acquires whatever the art world thinks they have acquired.
- Check out your new randomized NFT for your Lens Profile
- and the seller may not be prohibited from creating additional NFT copies of the same work.
- Thank you, Istanbul. We love you! 👻
🎶 Track by Veronika Fleyta
- When Lily met Poppy at @lens/ethglobal İstanbul
Find the team on the ground to mint your exclusive @lens/fini
- Someone may sell an NFT that represents their work, but the buyer will not necessarily receive copyright to that work,
- An NFT solely represents a proof of ownership of a blockchain record and does not necessarily imply that the owner possesses intellectual property rights to the digital asset the NFT purports to represent.
- Today, we proudly introduce ourselves as Avara.
Avara is the home to some of the most innovative web3 brands: Aave, Lens Protocol, GHO, Sonar, and now Family, all building towards a people powered internet that benefits all.
We're thrilled to announce the acquisition of Family. With Family, led by Benji Taylor, we're reinforcing our commitment to making web3 accessible through world class product design.
Read the genesis post, penned by @lens/stani.
https://avara.xyz/blog/introducing-avara-and-announcing-acquisition-of-family
- Last chance at @lens/ethglobal İstanbul to mint your @lens/fini
- A non-fungible token contains data links, for example which point to details about where the associated art is stored, that can be affected by link rot.
- NFTs are not usually mutually interchangeable, so they are not fungible.
- We rewrote the code and added some features.
Now go build.
http://lens.xyz/docs
- NFTs function like cryptographic tokens, but unlike cryptocurrencies,
- and so often confers little more than use as a status symbol.
- Lenny is heading to Devconnect and @lens/ethglobal İstanbul
- However, the extralegal nature of NFT trading usually results in an informal exchange of ownership over the asset that has no legal basis for enforcement,
- An NFT (and, if applicable, the associated license to use, copy, or display the underlying asset) can be traded and sold on digital markets.
- It may confer licensing rights to use the asset for a specified purpose.
- The NFT can be associated with a particular asset – digital or physical – such as an image, art, music, or recording of a sports event.
- An NFT is a data file, stored on a type of digital ledger called a blockchain, which can be sold and traded.
- which began on April 19, 1775.
- Boston itself was besieged for almost a year during the siege of Boston,
- The war began in the area surrounding Boston with the Battles of Lexington and Concord.
- This angered the colonists further and led to the American Revolutionary War.