Bitcoin NFT
| Bitcoin NFT | |
|---|---|
| File:Bitcoin NFT.png | |
| Denominations | |
| Symbol | B |
| Development | |
| Initial release | 2019-10-31 |
| Development status | Active |
| Developer(s) | Pioneers in the Bitcoin community |
| Website | bitcoinnft |
Search Bitcoin NFT on Amazon.
Bitcoin NFT grew out of a desire to create a digital asset[1] that could operate independently of regulators.Gold (the Gold Reserve Act of 1934). Bitcoin NFT can not be outlawed. It is not possible for regulators to make it illegal for individuals to own [2]
History[edit]
Bitcoin NFT is a digital asset. It is a collage of 1,000 unique, one-of-a-kind artworks made by anonymous artists globally. Bitcoin NFT was inspired by Satoshi Nakamoto's original vision of Bitcoin. Nakamoto created Bitcoin on October 31 2008. Its initial price was less than a penny. Similarly, Bitcoin NFT was created on October 31 2019 by pioneers in the Bitcoin community. Its initial price was also less than a penny. Bitcoin NFT contains a private key hidden within the artwork.
What Are NFTs?[edit]
NFTs, or non-fungible tokens, are digital objects created on the blockchain [3]. They are unique digital objects that can be cool to own or even profitable to trade. Think of them as digital collectible cards. The NFT market is fueled by digital art and collectibles[4] People have figured out that a unique, digital object can be interesting, cool, and even have a significant monetary value (for example, an NFT recently sold for $69 million) [5]
References[edit]
- ↑ Clark, Mitchell (March 3, 2021). "People are spending millions on NFTs. What? Why?". The Verge.
- ↑ "Creating an NFT from Start to Finish: Here's What You Need to Know | Finance Magnates". Finance Magnates | Financial and business news. March 18, 2021.
- ↑ "Non-Fungible Token (NFT)". Investopedia.
- ↑ Merchant, Zaheer. "What is NFT, and why it matters in the crypto world" – via The Economic Times.
- ↑ "Non-Fungible Tokens: The Blockchain Technology Raising Legal Issues". JD Supra.
External Links[edit]
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