Three years ago, two software developers created a quirky art project called CryptoPunks that posed a serious and provocative question: Could a few lines of code translate to a feeling of meaningful ownership? It was a crazy idea that would require, in their words, ‘a conceptual leap.’ Three years later, that project is rightly regardedContinue reading “cryptopunks @ Christies”
ERC-721 is a more advanced token that is “non-fungible”. Think of ERC-20 as the token type for things that are money (any $5 bill is worth the same as any other $5 bill, usually) and ERC-721 as the token type for collectibles (it’s the Ethereum equivalent of baseball cards). View at Medium.com
https://www.vice.com/en/article/pkdj79/peoples-expensive-nfts-keep-vanishing-this-is-why NFTs are generally represented by a form of token called the ERC-721. It’s just as simple to locate this token’s whereabouts as ether (Ethereum’s in-house currency) and other tokens such as ERC-20s. The NFT marketplace SuperRare, for instance, sends tokens directly to buyers’ wallets, where their movements can be tracked rather easily. The tokenContinue reading “NFT M.I.A.”
https://www.vice.com/en/article/n7vxe7/people-are-stealing-art-and-turning-it-into-nfts The speculative mania has produced a new breed of opportunists who have taken to turning other people’s work into NFTs—through a process called “tokenization”—and flogging them on online marketplaces.