What are NFTs, and how do they work?

From their environmental impact to how grifters are cashing in, here’s what you should know about non-fungible tokens.

In recent years, a new digital file format has promised to revolutionize how things can be owned, bought, and sold across the internet: the “non-fungible token,” or NFT for short.

Want to know more about NFTs? We’ve got you covered.

»»» [https://www.nationalgeographic.com/science/article/how-nfts-work-explainer] «««

#NTF #NationalGeographic #trombalazana

Von Donald #Trump gib es nun eine #NTF Trading Card Edition für 99 $.
In der Ankündigung nennt er sich "größer als Lincoln und Washington"

https://www.nytimes.com/2022/12/15/us/politics/trump-nft-trading-cards-superhero.html

Von Donald #Trump gib es nun eine #NTF Trading Card Edition für 99 $.
In der Ankündigung nennt er sich "größer als Lincoln und Washington"

https://www.nytimes.com/2022/12/15/us/politics/trump-nft-trading-cards-superhero.html

Gen Z step-son says #NTF 's are a scam. I'm on board with that. I would even entertain the notion they have been a long con specifically designed to stroke the ego of the Donald and take him down by his own narcissistic hand.

'#Web3 is Going Just Great' is a project to track disasters in the blockchains/crypto/web3 technology.

Follow @web3isgreat on #Mastodon to enjoy the latest disasters or visit their website:

https://web3isgoinggreat.com/

#Web3 #Crypto #Cryptocurrency #Blockchain #Metaverse #DAO #DeFi #NTF #SmartContract

RT @AlshababRadio@twitter.com

Jewish American Shatzi Weisberger, known as the People's Bubbie after going viral as a fixture at New York protests in support of the P-alestine people, has died at the age of 92.
#SRE
#UkraineRussianWar #XRPCommunity #NTF #WeakHeroClass1 #uk #No2𓅔

🐦🔗: https://twitter.com/AlshababRadio/status/1598949506099224576

RT @AlshababRadio@twitter.com

📸 Picture 》The Is-raeli occ-upation forces prevent Pa-lestinian residents of the Tel Rumeida area in Hebron from entering their homes.

#SRE
#RM𓆮 #JIMIN
#BSC
#NTF
#wendsday
#UkraineRussianWar
#Kucoin

🐦🔗: https://twitter.com/AlshababRadio/status/1598737033245200390

Mi ape #ntf

los invito a conocer mi pagina
www.theideaproductions.com
#ntf #ntfcommunity

@Gleisplan #NTF s, "Bored Ape Yacht Club" und Konsorten. Basically a Scam https://web3isgoinggreat.com/.

Bei Pr0n bin ich da deutlich toleranter, solange das hinter Content Warning hängt.

Steht und fällt alles mit den Regeln und Blocklisten der Instanz auf der man sich rumtreibt. Es gibt z.B. Instanzen, die NFTs explizit verbieten.

Nun Fungible Token (#NTF)

NFT art: how the future of NFTs will empower artists
by Ian Dean
https://www.creativebloq.com/features/nft-art-and-the-future-of-nfts

NFT crypto: which is best for your art?
by Vector Meldrew
https://www.creativebloq.com/features/nft-crypto-which-is-best

NFT gaming: 10 things you need to know
by Ian Dean
https://www.creativebloq.com/features/nft-gaming

What are NFTs, exactly? Non-fungible tokens explained
by Ian Dean
https://www.creativebloq.com/features/what-are-nfts

How to create an NFT for free
by Ian Dean
https://www.creativebloq.com/how-to/create-an-nft-for-free

How to make and sell an NFT
by Ian Dean
https://www.creativebloq.com/how-to/make-and-sell-an-NFT

@skynebula

The #blockchain bandwagon is full of shit.

However the last sentence of your quote is plain wrong: since Neolitic, technology is the most powerful political force influencing history.

Iron, wheel, sail, writing, printing, general purpose processors, internet, statistical programming (what rich's propaganda call #AI)...
They shape what we can do and think, and the cap the complexity of our social organizations.

Those who understand this usually try to take control of technology to perpetuate their oppressive system.

Think about hieroglyphs in Ancient Egypt or about #Copyright (Statute of Anna) in 1700.

Few (very few) try to democratize technology by spreading the cultural means of its productions.
That's why #hackers scares so much the rich.

We hold the means of production strongly anchored on our neck!
And we know how to use them!
And we want to!

The problem is that the majority of people simply do not yet understand what a powerful politic force is #technology.

Most argue that "a tool is a tool" despite the obvious evidence that if you build a weapon, you build it to kill.

So, back to us, the #blockchain si bullshit. #NTF and all #cryptocurrency are large-scale math-washed scam factories.

But they do NOT represent technology as a whole.
They represent the failure of "free market" and #capitalism.

1/ Oh, wenn Ihr ein #NTF zu meinen Bildern haben wollt: Ich würde mal bei 10.000€ pro Bild anfangen. Sucht Euch eins aus. Klimabewegung oder Musik. #fotografie
https://taz.de/Hype-um-Online-Zertifikate/!5857181/

💰 J'ai complété mon article sur les #NTF avec un petit point sur les "gas fees".
C'est l'escroquerie n°19.
https://sebsauvage.net/wiki/doku.php?id=nft#escroquerie_n_19

@Cyia

Traditional banking is not a math-washed scam, but for sure the Gramm–Leach–Bliley Act of 1999 enabled thousands of financial scams culminated in the 2007-2008 global crisis.

You know, side effects of US imperialism… 🤷‍♂️

As for the energy consumption of the whole banking system, even the most ridiculous calculation I can find (this one: https://hackernoon.com/the-bitcoin-vs-visa-electricity-consumption-fallacy-8cf194987a50 ), forget to mention that such banking system serve several order of magnitude more transactions than the whole criptoindustry.

Even taking into account the millions of fake #NTF transactions used to pump their price!

As for educating you about the limits of #blockchain I really would not know where to start…

After more than ten years #blockchain is an old tech still lacking a real problem to solve.

Maybe this interview at FTX boss might open your eyes: https://www.bqprime.com/onweb/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned

Or might be not.

You know @strypey joked that “people otherwise smart” have a “cult-like antipathy” against the #blockchain.

In fact psychology has a category that fit well with crypto-believers: #delusion.

It’s a psychiatric disorder where people believe something surreal despite all evidences.

Having saw a loved friend facing such issue, I had to study the issue for a while.

It was scary because the more you argued against the false beliefs, the more the person delves deeper into the delusion, constructing surreal explanations to justify the contradiction you show them.

So I learned that delusions are due to experiences that contradict deep beliefs over which your own identity is based.

It might happen, for example, when a person discover to be attracted by people of the same sex at a late age, after a life as a seducer or something like that.

So usually arguing about the belief is pointless, people simply cannot accept what they experience and invent the best explanation they can.
(and note that the smarter is the person, the harder is to spot the issue as the construction might be incredibly realistic!)

Anyway, in #DeFi and cryptoindustry there are tons of unscrupulous people who know they are scamming people and they are fine with it.

But there are also several people who cannot quit either because “it’s a liability for your career” or because they’ve bound their identity to such bullshit too strongly.

In such case there is nothing anybody can say or show to make them change their mind.

I hope it’s not your case.

Good luck!

Per chi fosse interessato è uscito l'ultimo numero della rivista Gli Asini, dedicato quasi interamente a #Scuola, #Lavoro e #tecnologia (si parla di #EdTech, #SoftwareLibero, #CapitalismoDellaSorveglianza, ma anche di criptomenate, #NTF etc...)

Leggibile in #OpenAccess
https://gliasinirivista.org/rivista/maggio-99-2022/

I'm sorry, but I think NTFs are the dumbest things I have ever heard of. Trying to squeeze blood from a stone if you ask me.

#ntf #cryptojunk