[REQ_ERR: 404] [KTrafficClient] Something is wrong. Enable debug mode to see the reason. Virtual 1.5m ether smashing nft - NFT Meta

Virtual 1.5m ether smashing nft

virtual 1.5m ether smashing nft

Virtual economies will be the new frontier for an increasingly digital world.”

Related:Payments Startup Celo Raises $20M From a16z, Electric Capital

See also: Rare Hashmasks Digital Artwork Sells for $650K in Ether

The virtual land assets will be used for an upcoming game mode known as Axie Land, aka Project K.

Danny recently purchased a rare Hashmasks digital artwork for 420 ETH (around $650,000 at the time of purchase, as CoinDesk reported last week.

CORRECTION (Feb. 10, 2:04 UTC):Corrects statement from crypto collectibles website NonFungible which incorrectly claimed F1 Delta Time held the prior record at $233K.


In 10 years, today’s children will be young adults and their preferences will dictate what becomes mainstream and normative.

Both of my own children are completely addicted to video games set in virtual worlds – specifically Minecraft, the best-selling video game of all time. (For example, if I ask my children if they would rather play with their friends or play Minecraft, they will always, without fail, choose the latter.) Their Minecraft addiction – and that of millions of other school-age children – has been fueled by nearly a year of online schooling that has resulted in excessive amounts of screen time and access to video games.

Minecraft and similar games are shaping how children interact with technology and with each other.

Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.

This stands in stark contrast to most digital creations, which are almost always infinite in supply. Hypothetically, cutting off the supply should raise the value of a given asset, assuming it’s in demand.

But many NFTs, at least in these early days, have been digital creations that already exist in some form elsewhere, like iconic video clips from NBA games or securitized versions of digital art that’s already floating around on Instagram.

Famous digital artist Mike Winklemann, better known as “Beeple,” crafted a composite of 5,000 daily drawings to create perhaps the most famous NFT of 2021, “EVERYDAYS: The First 5000 Days,” which sold at Christie’s for a record-breaking $69.3 million.

Anyone can view the individual images—or even the entire collage of images online for free.

This means you could ask someone to send you ETH via mywallet.eth rather than 0x123456789……

This works in a similar way to a website domain name which makes an IP address more memorable. And like domains, ENS names have value, usually based on length and relevance.

With ENS you don’t need a domain registry to facilitate the transfer of ownership. Instead, you can trade your ENS names on an NFT marketplace.

Your ENS name can:

  • Receive cryptocurrency and other NFTs.
  • Point to a decentralized website, like ethereum.eth.
    More on decentralizing your website
  • Store any arbitrary information, including profile information like email addresses and Twitter handles.

Physical items

The tokenisation of physical items isn’t yet as developed as their digital counterparts.

What we’re witnessing is a historic moment; the rise of digital nations with their own system of clearly delineated, irrevocable property rights.”

While the “epic 9” plot is by far the NFT sector’s largest sale to date, there are roughly three other plots going for much higher: from 100 to 10,000 ETH.

Genesis NFTs are supply-capped virtual plots featuring a “unique aesthetic” and prime positioning within the Axie platform.

“As the largest digital land sale ever, this marks a significant development in the short history of NFTs,” the seller, Danny (who preferred not to provide a surname), told CoinDesk.

A piece of virtual land on blockchain marketplace and gaming platform Axie Infinity has just sold for a record-breaking sum in cryptocurrency.

At around 23:00 UTC on Monday, one of the platform’s newest community members, “Flying Falcon,” purchased the digital estate of nine adjacent Genesis blocks for 888.25 ether, roughly $1.5 million at the time.

The transaction marks the largest non-fungible token (NFT) transaction of all time, as tracked on-chain by crypto collectibles data site NonFungible. Formerly, the “Formula 1 Grand Prix de Monaco 2020 1A” NFT from F1 Delta Time held the record at $224,111 in ETH, the site told CoinDesk.

“As Genesis land plots are the rarest and best-positioned plots in Axie Infinity they were a natural fit for my thesis,” Flying Falcon told CoinDesk via email.

Mereka ada secara eksklusif sebagai sebuah keseluruhan.

Kenapa NFT Begitu Populer?

NFT sebenarnya sudah mulai populer pada tahun 2017, saat game NFT pertama diluncurkan yaitu CryptoKitties. CryptoKitties sendiri adalah game berbasis blockchain Ethereum yang memungkinkan pemain untuk mengadopsi, memelihara, dan memperdagangkan kucing virtual.

Pasar NFT mengalami perkembangan pesat mulai akhir Januari 2021.

Baca juga: Cari tau apa itu jaringan Ethereum dan bagaimana cara kerjanya!

Grafik di atas memperlihatkan kenaikan volume perdagangan NFT sejak awal 2021. Salah satu alasan kenaikan tersebut adalah peluncuran NBA Top Shot yang dibuat oleh Dapper Labs, pencipta CryptoKitties.

Produk ini tiba-tiba populer dan menunjukkan kekuatan NFT sebagai medium koleksi digital.

Bagi penggemar dan pengguna, NFT merupakan era baru koleksi digital.

In this world, stakers commit funds instead of computing power to secure the network.

The energy-cost of Ethereum will become the cost of running a home computer multiplied by the number of nodes in the network. If there are 10,000 nodes in the network and the cost of running a home computer is roughly 525kWh per year.
That’s 5,250,000kWh1 per year for the entire network.

We can use this to compare the future of Ethereum to a global service like Visa. 100,000 Visa transactions uses 149kWh of energy2. In proof-of-stake Ethereum, that same number of transactions would cost 17.4kWh of energy or ~11% of the total energy3.
That’s without considering the many optimizations being worked on in parallel to the consensus layer and shard chains, like rollups.

Ownership is baked into the content itself.

When they sell their content, funds go directly to them. If the new owner then sells the NFT, the original creator can even automatically receive royalties.

This is guaranteed every time it’s sold because the creator’s address is part of the token’s metadata – metadata which can’t be modified.

The copy/paste problem

Naysayers often bring up the fact that NFTs “are dumb” usually alongside a picture of them screenshotting an NFT artwork. “Look, now I have that image for free!” they say smugly.

Well, yes. But does googling an image of Picasso’s Guernica make you the proud new owner of a multi-million dollar piece of art history?

Ultimately owning the real thing is as valuable as the market makes it.

For example, if I ask my children if they would rather play with their friends or play Minecraft, they will always, without fail, choose the latter.) Their Minecraft addiction – and that of millions of other school-age children – has been fueled by nearly a year of online schooling that has resulted in excessive amounts of screen time and access to video games.

Minecraft and similar games are shaping how children interact with technology and with each other. Decentraland and the other adult crypto-based virtual worlds are designed to attract players who have aged out of the children’s games, for the teenagers and young adults who seek deeper human connections based more upon socializing and transacting than on treasure hunt and enemy slaughter.

The user experience (UX) of the adult games uses the same conventions as the children’s versions.

Therefore, demand will drive the price rather than fundamental, technical or economic indicators, which typically influence stock prices and at least generally form the basis for investor demand.

All this means, an NFT may resale for less than you paid for it. Or you may not be able to resell it at all if no one wants it.

NFTs are also subject to capital gains taxes—just like when you sell stocks at a profit.

Since they’re considered collectibles, however, they may not receive the preferential long-term capital gains rates stocks do and may even be taxed at a higher collectibles tax rate, though the IRS has not yet ruled what NFTs are considered for tax purposes.

Our .org address is centrally managed by a domain name system (DNS) provider, whereas ethereum.eth is registered on Ethereum via the Ethereum Name Service (ENS). And its owned and managed by us. Check our ENS record

More on ENS

How do NFTs work?

NFTs are different from ERC-20 tokens, such as DAI or LINK, in that each individual token is completely unique and is not divisible.

NFTs give the ability to assign or claim ownership of any unique piece of digital data, trackable by using Ethereum’s blockchain as a public ledger. An NFT is minted from digital objects as a representation of digital or non-digital assets.

Leave a Reply

Your email address will not be published.