Virtual land was still sold for 9 million
Virtual land sold for 900,000, the recently sold land in Decentraland is made up of 259 units, measuring 18 virtual acres, the first source code written for the web as an NFT by Sir Tim Berners-Lee, the father of the web, is not known. , What is NFT? Why is it so expensive?
Virtual land was still sold for 9 million
In the real world, lumbering elephants are exposed by the aggression of speeding midgets. This time the land has been sold in the virtual world, not for a small amount of money, but for a full 9 million dollars. The land has been sold as a non-fungible token or NFT.
The ownership of the virtual land was changed on Thursday. Land has been sold in the virtual world Decentralia. To understand the whole thing, one first needs to understand the issue of NFT or non-fungible tokens. It is basically a digital certificate through which it is possible to take ownership of any digital asset. There is only one NFT in a digital asset. As a result, whoever owns the NFT is considered the owner of the property. News Reuters
In the meantime, Twitter chief Jack Dorsey's first tweets, pictures, videos and more have been sold as NFT. Recently Sir Tim Berners-Lee, the father of the web, auctioned off the first source code written for the web as an NFT.
A few days ago, the ownership of the virtual land was changed. Land has been sold in the virtual world Decentralia. To understand the whole thing, one first needs to understand the issue of NFT or non-fungible tokens. It is basically a digital certificate through which it is possible to take ownership of any digital asset. Only one NFT is a digital asset. As a result, whoever owns the NFT is considered the owner of the property. News Reuters
Jack Dorsey, head of Twitter,
In the meantime, Twitter chief Jack Dorsey's first tweets, pictures, videos and more have been sold as NFT. Recently the father of the web, Sir Tim Berners-Lee, auctioned off the first source code written for the web as an NFT.
Republic Realm, an investment fund, bought the virtual land in Decentland for 900,000. This is not the first time that virtual land has been sold. People have bought virtual land before. However, this is the first time the incident of selling at such a high price.
In early June, another virtual world called Sandbox sold land for more than 600,000. Suffice it to say, the two virtual worlds of Decentland and Sandbox depend on blockchain. The recently sold land in Decentraland is made up of 259 units, taking the size of 18 virtual acres.
Now the question may come, what will people do with such land? In a virtual world like Decentland, people can decorate the NFT in their collection, go out for a virtual walk with friends and take part in various online events.
Now I do not know, what is NFT? Why is it so expensive?
A 'digital-only' work of art has recently sold for 69 million at Christie's auction house. The winner of the auction will not receive any sculptures, paintings or prints, but will receive a fancy digital token known as NFT.
Bitcoin has taken its place as a digital medium of currency. And now NFT is being considered as a digital medium for collection. Many, however, have not yet made any concessions in the face of criticism. According to them, it is only temporary, the front will fall face down.
In order to know if it will actually fall on deaf ears, first you have to understand what NFT is, how it works, what is the risk of theft, what is the value of NFT - all such questions are answered. Let's find out from the BBC report:
What is NFT?
NFT stands for 'non-fungible token' in full, literally in Bengali - 'that token will not contain fungus'.
In the language of economics, 'fungible asset' refers to certain units that can be changed very quickly - for example, money or money.
The matter will be clear only by giving examples. Suppose you have a 10 taka note in your hand. If you want
You can convert it into two five taka notes, and this will not reduce the value.
But it is impossible to do this with anything ‘non-fungible’. Which means it's about to be the most delusional time of the year, as well. Such a resource could be a fancy house or a Mona Lisa painting. You can make another one by imitating it if you want, or you can take a picture of the painting if you want. But only one person can own the original.
NFT is a “one-of-a-kind” asset in the digital world that is bought like any other asset.
Goes or can be sold. But it has no external shape of its own that can be touched or touched. This is digital
Tokens can be compared to a certificate of ownership of a virtual or real world asset.
How does NFT work?
Traditional works like artwork are worth more, because there is only one such thing. But if you want them
Digital files can be created and copied as many as you want.
But with the help of NFT, a digital certificate of ownership can be created by ‘tokenizing’ an artwork that
Can be bought and sold. On the other hand, a record of who is buying what with the help of crypto-currency
There is a shared ledger called 'Blockchain'.
It is not possible to change the record even if you want to. Because the ‘blockchain’ ledger is managed by thousands around the world
Tremble Via the uterus. In addition, the NFT has a subject called 'smart contract'. This is the work of art
The artist will also be able to benefit from the sale of his artwork in the future, the more times the token is sold
He will get a part of the sale price.
Why aren't people copying digital artwork?
People are imitating. Millions of copies of 'Bipal's Art', which was recently sold for 69 million, have been made
Millions of times, shares have been countless times. In many cases, the artist himself is removing the copyright so that they can continue to create and sell counterfeits.
This is not causing any harm to the NFT owner. The NFT token guarantees the owner of the 'real' work
He alone, no one else. In the whole matter, many are comparing ‘signed print’ to sales.
People are buying tokens at the cost of millions of dollars?
No matter how unrealistic and crazy it may sound, people are actually spending millions of dollars on it.
How much does NFT cost?
Theoretically, anyone can ‘tokenize’ their work to sell it as an NFT. Recently, the news of NFT being sold for millions of dollars has caught the eye of almost everyone.
On February 19, the animated Giff 'Neon Cat' sold for more than half a million dollars. In particular, the animated gif was used in 2011 as a meme 'Urukku Pop-Tart Cat'.
A few weeks later, musician Grimes sold some of his digital art for more than 6 million.
It's not just the works of art that have been sold. Twitter co-founder Jack Dorsey auctioned Twitter's first tweet as NFT. At the auction, the price went up to 25 million.
Christie's NFT sales set a new record. However, like crypto-currencies, there are concerns about the environmental impact of its blockchain management.
Subhankar's trick or not?
Many people doubt that the whole thing is a hoax. Even digital artists at record prices
The day before Bipal's (real name Mike Winkleman) sold out, he said, "To be honest.
I think the whole thing may be Shubhankar's duplicity and we are now in Shubhankar's duplicity. ”
Many people are one more stick in this regard. One such person is Attack of the 50-Foot
Blockchain's author David Gerrard. He sees the NFT's "official collection" as a trading card.
Gerard says, "There are a lot of artists who will make a lot of money from this .. just you probably won't."
According to him, those who are selling NFT are basically "crypto-grafters".
Charles Alsop, Christie's former auction director, says the idea of buying NFT "doesn't make any sense".
Alsop says, “The idea of buying something that is not there at all is very strange. My idea is those in it
By investing, they are a bit foolish, I wish they would not lose their money. ”
Virtual land was still sold for 9 million
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