Nft Stands For Joke

For instance, on october 16th, 2021, twitter person @skullerhood posted a meme that gained over 4,900 retweets and 36,200 likes in a single month (proven under, left). Nobody is going to buy your nft knowing that this was an nft made far later than the original, and that it was made by *insert your name* and not beeple.

An Nft Evening With Artist Artventurus

What does nft stand for?

Nft stands for joke. You think it's funny to take screenshots of people's nfts, huh? Nft stands for non fungible token. To help you understand what an nft is and why they’re becoming so popular, here’s an article to get to know it all!

Metamask is the crypto wallet platform used to interact with the ethereum blockchain. Stocks or a pound coin are fungible as one is basically the same as another). But that doesn’t get us any closer to what it actually means.

So nft says you own this instance of this digital products…like say an image. Very basically, people pay cryptocurrencies to buy an artwork that comes with an individual receipt that proves they are the person that owns that piece of art. Nfts are a type of digital assets that have been created by the blockchain, with different attributes from each other, making them stand out in some way or another.

Nfts are collectable digital assets that hold value, just like how physical art holds value, so do nfts. You are mad that you don't own the art that i own. The joke that sparked reeves fit of laughter is the fact that this is artificial scarcity, going against the very ethos of the internet;

Property theft is a joke to you? At that point, the value can increase exponentially. Non fungible tokens or nft's are assets that are not interchangeable for any set of currency, until offered for sale.

Memes are gifs or jpgs that express a humorous joke through the image and text. Basically someone decided that digital stuff that could reproduced infinitely with proof of ownership was lame. Here is an analogy to explain how nfts work:

Nft stands for none fungible token. You and i both have one $50 bill Spawned by a viral tweet and usually structured as yeah, i'm into nfts, the meme achieved notable prominence in november 2021.

I'll have you know that the blockchain doesn't lie. Nft stands for non fungible token. Even if you save it, it's my property.

Nft stands for what now? The general idea is that your replicate nft is just like buying counterfeit products. A recent drop with an artist named fewocious featured three pairs of sneakers priced at $3,000, $5,000, and $10,000.

What does an nft represent? In just seven minutes, users purchased $3.1 million worth of them. You can buy a rolex watch from anyone, but it doesn’t mean that it’s a real rolex that has inherent value.

Okay, that just complicated it further, didn’t it? Famous memes such as side eyeing chloe have gone on to sell for thousands of dollars a nfts. That doesn’t make it any clearer.

Nft Stands For Know Your Meme