Elon Musk has a love-hate relationship with #cryptocurrencies.
While he continues to believe in the claims and #innovation of cryptos, his often contradictory tweets have had a major impact on their prices. 💸
Have you ever found yourself in a situation where a small decision could have changed your life? 🤔
Well, one of these decisions happened to James back in 2013, and now he wants to remedy what happened.
Anyone can create a cryptocurrency, even just for fun. But launching a cryptocurrency that is successful and gains value generally requires commitments of time, money, and other resources, in addition to advanced technical knowledge. Making a cryptocurrency is the easy part. Maintaining and growing it over time is usually much more challenging.
In an email, Visa’s head of #crypto wrote, “Our excitement about this project is less about any individual Punk and more about the #CryptoPunk collection as a whole and what it represents—the beginnings of a new chapter for digital commerce. This is just the beginning. We’re eager to continue building our #NFT collection and to support the diverse group of artists and creators working in this space.”
The WoW (World of Women) #NFT project was released on July 27th, 2021, and was created by the NFT artist Yam Karkai. WoW’s goal with their NFT collection is to leverage the art and community to: In the NFT and #web3 space, increase diversity and inclusivity.
The Merge is, what can be called, fragmented #art. Each of the ‘masses’ cost $575 when the sale began, but the price of the tokens went up by $25 every six hours. Pak, a pseudonymous artist (or artist collective), has been at the forefront of #digitalart and #crypto media for more than 20 years, best known for creating Archillect, an #AI built to discover and share stimulating visual media.
Laszlo Hanyecz in 2010 spent exactly $41 for two pizzas from the famous pizza chain Papa John’s, but instead of paying in dollars, he decided to make the transaction in #Bitcoin, paying 10.000 BTC.
Well, Bitcoins’ value has grown exponentially in recent years, and with that same amount of bitcoin today it would be possible to buy around 22.5 million of those same pizzas.
In honor of that first bitcoin transaction, a dedicated day was instituted, the #bitcoinpizzaday. A temporary virtual pizzeria called “Bitcoin pizza” was also opened last year.
CryptoKitties is a #blockchain game on Ethereum developed by Canadian studio Dapper Labs, first released in 2017. The game involves breeding of digital cats to generate progeny that become valued collectibles. A CryptoKitty’s ownership is tracked via a smart contract on the Ethereum blockchain, and the kitties themselves are represented as #NFTs.
The game gained explosive growth upon its release but quickly collapsed in a short time. The highest prices reached for these kitties in fact were mostly touched upon release.
The oversupply of kitties and the consequent loss of profit contributed in the rapid decline of the game.
Have you ever heard about NBA Top Shots? 🏀
NBA Top Shot is an online exchange that sells #NFTs of NBA highlights, and is licensed by the National Basketball Association. Purchasers are given verified ownership of a URL that links to a site where the NBA highlight (in video form) is located.
The value of Top Shot NFTs is derived from the market, and not the utility or unlimited bundle of rights that accompany the #digital trading card. Because the NBA releases only limited quantities of each NFT, demand surpasses supply, resulting in price increases.
💬 Did you know that #tweets could be sold as #NFTs as well? The first one ever sold was auctioned by none other than one of Twitter’s founders, Jack Dorsey. The NFT represents his first ever published tweet on the platform back in 2006.