Crypto Art & NFT Mastery Bible - 3 BOOKS IN 1 - NFTs, NFT Art and Collectibles, & Metaverse

By Chris Collins

Have you been hearing about NFTs and the Metaverse lately in the news and can't seem to wrap your head around what they are? Do you wonder how you can start investing in NFTs but don't really know what it is and have hesitations about investing in something you don't understand? Do you wish you were able to understand cryptocurrency but are afraid that it is too complex and complicated? What if I told you could do all three, all at once?
 

If you answered "yes" to any of the questions above, then keep reading!
 

This book bundle aims to give you a complete reference guide to investing right away.

Chris Collins' series is comprised of one all-encompassing bundle here with Crypto Art & NFT Mastery Bible: 3 BOOKS IN 1 - NFTs, NFT Art and Collectibles, & Metaverse.

 

 

NFT World: The Worldwide Explosion of NFTs, Cryptoart, and the Metaverse, and How You Can Profit from this New and Exciting Investment

• The Role of NFTs in Blockchains;
• NFT Marketplaces;
• The Future of NFTs;

 

NFT Art and Collectibles for Beginners: The Must-Have Guide for Understanding Non Fungible Tokens (NFTs)

• History and Emergence of NFTs;
• The Non-Fungible Token Market;
• Role of Art in NFTs;

 

Enter the Metaverse: NFT Games, Play-to-Earn, GameFi, and Blockchain Entertainment such as Axie Infinity, Decentraland, The Sandbox, Meta, Gala, Gods Unchained, Bloktopia, and More!

• How to Play Popular Metaverse Games;
• Tips for Beginners when Playing NFT Games;
• How to Earn Income with Play-to-Earn Game;

 

AND SO MUCH MORE!

 

If you're ready to start understanding NFT's and cryptocurrency and learn how you can get involved in this groundbreaking opportunity - then look no further!

 

What are you waiting for? Scroll up and hit BUY NOW to start today!

• Language: English
• Publisher: Publishing Forte
• Release date: Aug 29, 2022
• ISBN: 9798201443016

Book preview

Crypto Art & NFT Mastery Bible

Copyright© 2021 by Publishing Forte

ALL RIGHTS RESERVED

No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, without the prior, written permission of the publisher.

Limit of Liability/Disclaimer of Warranty: the publisher and the author make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation warranties of fitness for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the publisher is not engaged in rendering medical, legal or other professional advice or services. If professional assistance is required, the services of a competent professional person should be sought. Neither the publisher nor the author shall be liable for damages arising here from. The fact that an individual, organization or website is referred to in this work as a citation and/or potential source of further information does not mean that the author or the publisher endorses the information the individuals, organization or website may provide or recommendations they/it may make. Further, readers should be aware that websites listed on this work may have changed or disappeared between when this work was written and when it is read.=

Contents

NFT World

Introduction

1. What are NFTs?

2. History of NFTs

3. NFTs and Blockchain

4. How NFTs Work

5. Most Popular NFTs

6. What Gives a Non-Fungible Token Value?

7. How to Create, Buy and Sell NFTs

8. Legitimate and New NFT Marketplaces

9. How to Invest in NFTs

10. Celebrities Worldwide Using NFTs

11. NFTs in the Metaverse

12. Keeping your NFTs Safe

Conclusion

NFT Art and Collectibles for Beginners

Introduction

1. Defining NFTs

2. History of NFTs

3. Why Are Non-Fungible Tokens Important?

4. NFT Standards

5. How Does an NFT Work?

6. Why Do NFTs Have Value?

7. What Are the Different Uses of NFTs?

8. Blockchain-Based Non-Fungible Tokens

9. The Non-Fungible Token Market

10. Steps to Creating, Selling & Buying NFTs

11. Scaling with BlockChain Products

12. How NFTs from Physical Collectibles Are Strengthening Asset-Backed Securities

13. Things Brands Need to Know about NFT

14. Famous Examples of NFT

15. Non-Fungible Token Myths

16. NFT & Games

17. The Role of Non-Fungible Tokens in Art

18. The Future of NFTs

Conclusion

Enter the Metaverse - The Beginners Guide to Virtual Worlds

Introduction

1. What Are Non Fungible Tokens

2. How Do NFT Games Work

3. What Are Play-to-Earn NFT Games

4. Popular NFT Games

5. What is Axie Infinity

6. How Does Axie Infinity Work

7. How to Play The Axie Infinity Game

8. How to Get Started In The Metaverse

9. Beginners Guide To Playing Decentraland

10. The Sandbox Game for Beginners

11. How To Buy Land In Sandbox

12. Making Money with Metaverse as a Beginner

13. Facebooks Involvement With The Metaverse

14. Beginners Walkthrough of Gala Games

15. What is Bloktopia

16. Four Pillars Of Bloktopia

17. Playing the Game of Gods Unchained

18. Card Types on Gods Unchained

19. God Power In Gods Unchained

Conclusion

NFT World

Introduction

The power of the Internet and its effect on the recent development of all other socioeconomic sectors of the world cannot be over-emphasized. The Internet has such an ability because of the myriad streams of information it has access to. You can find almost everything about anybody or any concept on the Internet, and likewise, other people can find out things about you. For example, do you often feel surprised when a closely related advertisement appears on your browser? You shouldn’t be because you technically fed the Internet those pieces of information yourself. But of course, through different means and somewhat unconsciously.

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If you’re a tech enthusiast, IT-inclined, or better still, have even the slightest knowledge of cryptocurrency, then the term NFT would be familiar, even if you know little to nothing about it, and how do I mean? Through ads, of course; if you’re scrolling through any blockchain or social media platform now, the possibility of encountering an NFT ad is about seven out of ten. Even while playing mobile games with ads, you can come across ads referring to NFTs. And although most of the ads are scams that can’t deliver what they’re offering, the awareness has increased to that level where everyone now thinks it’s a pool of wealth.

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The newly found belief that NFTs are the new wealth pool will lure many people into the network, but by being ignorant of the basics, those who jump in could lose their money and other assets to bad NFT investments. Hence, the need to be adequately equipped with sufficient information on the subject matter, one of the reasons I believe, is why you are reading this book.

What You’ll Gain From This Book

This book is a must-read for those ready to learn and transform the knowledge gained into wealth. Not only will your questions be answered, but you will gain further insight into the dos and don'ts involved in the process.

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This book will be an asset to you as you navigate the world of NFTs. It will provide insight into what you can expect as an investor. Overall, this book will enhance your understanding of why, how, and where you should invest in NFTs.

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This book will discuss everything there is to know about Non-Fungible Tokens (NFTs). Non-Fungible Tokens (NFT) garnered major mainstream media attention in 2020. It has been regarded as one of the most innovative blockchain technologies and has generated huge amounts of interest among developers, investors, and customers alike.

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This eye-opening guidebook will give you a brief basic knowledge of the history, how to invest in NFTs, and how to create, buy and sell NFTs. The goal is to provide you with answers to your most pressing questions, including whether NFTs are worth considering as digital assets.

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The future moves faster, and I hope this book helps you keep up.

1

What are NFTs?

To understand NFTs, I think we should start by lightening things up. Like, what does it mean to be fungible? Fungible means replaceable, indifferent, not distinguishable, and nothing special. This term is used to measure an item against the other, and if two are the same in value and quality, it means one can be used in place of the other. For example, two $100 notes are the same in value, quantity, and quality. If you have a $100 bill in your pocket and another in your wallet, you can take out either to settle anything that you want to do with the other, and it makes no difference which one you have chosen to use. That means money is fungible. If you want to buy a small, black, round neck t-shirt from a store, out of many of the same design, color, and size, that store can send you any they have in stock, and it will be indifferent to you.

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Okay, let’s do one more example: If you order a Rolex Oyster Perpetual Lady-Datejust with 1,089 diamonds from Rolex, they will courier any out of their collection in the same model you have ordered. You can walk into a meeting room and find another person wearing the exact same watch. However, if you ask Rolex to add your signature during the making of your watch, then your watch will never be like any other. It will be unique and irreplaceable. That means your specialized signed Rolex Oyster Perpetual Lady-Datejust is non-fungible. It has something special that makes it the only one in existence. It cannot be equated to anything other than the value put by its owner.

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Therefore, a non-fungible token (NFT) means an irreplaceable, distinguishable, and one-of-a-kind item with a significant value (Ethereum, 2022). A LeBron James highlight moment made into a video that you can own is an item of significance. A Mona Lisa original is a distinguishable item that is different from the rest. An Internet-bred cat with special fur and paws is one of a kind.

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That is to say, NFTs are rare objects such that their rarity makes them valuable assets which cost a lot of money. You may be wondering, why would anyone want to pay for something that they can view freely on the Internet?

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It is about the satisfaction of ownership. Taking pictures of the Mona Lisa is not the same as owning the iconic Da Vinci’s art. An NFT is different in that it has ownership rights and unalterable features that make you the only one with that particular item in the entire world. I think you now understand the significant value of NFTs that have sold for millions of dollars.

NFT Features: What Makes Them So Intriguing

From the explanation above, you must have captured the word rare or unique, and now, you are about to learn the characteristics that NFTs possess. These special features are what an asset must have to qualify as an NFT. Whether you are comparing your NFTs in a collection or individual art, they have different features. If you are creating a collection, there must be uniformity that identifies your set.

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Unlike ERC-20 tokens (sets of 'fungible' digital tokens that live on the Ethereum network) where more than one wallet holds the same tokens, NFTs are special because there is only one owner at a time. There cannot be multiple owners of a certain NFT, but there can be holders of NFTs from the same collection. Lately, we have seen NFTs available in digital format, but some creators are now providing physical tokens to give buyers value for their money (Akhtar, 2021).

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NFTs cannot be split into fractions; they are bought, sold, and transferred as a whole. You can’t own or transfer half of an NFT. The value of all ERC-20 tokens of the same ID is the same, but the NFTs value differs from time to time. No two NFTs are equal in value, even if they are of the same collection. That uniqueness makes them rare and high-valued.

Benefits of NFTs

Consider the following examples of how NFTs will operate to your benefit.

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Decentralized Marketplace

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NFTs provide artists with the opportunity to profit immediately from their work. An excellent example is the art world, where someone would want the services of an agent or gallery to sell and advertise their work. These middlemen are eliminated, allowing the artists or the genuine producers to engage and trade directly with their clients via NFTs. This concept also provides additional advantages to the developers by letting them receive a fee for each moment the NFT is traded.

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One-of-a-kind

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They are uncommon because only one of them may exist, and they are challenging to make. In contrast to thousands of NFTs, most artists and sellers will only have a few NFTs in their collection. As a result, it is reasonable to suppose that you will become one of the few persons who will have these collectibles.

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Collectibles and Memorabilia

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In a technical sense, all NFTs have collected items. As previously said, they are one-of-a-kind, and only one of each may be found. Following the purchase, you have the option to keep them and watch their value grow over time.

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Ability to Resell

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The majority of individuals will engage with NFTs because they believe they will profit from them. Many persons make a livelihood by reselling these items. There are many examples of some of these NFTs being resold for more than $20,000 USD when the original buyer spent a few thousand dollars. They earned almost $15,000 USD in only one deal by reselling the items!

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Unchangeable

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No one will ever change the information stored on the token. Besides that, it cannot be deleted, lost, or otherwise deleted from the blockchain network. They are supposed to persist indefinitely since their information will always stay in its original form. This, in and of itself, contributes to their collectability and high monetary worth.

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Copyright Protection by Law

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One of the most significant benefits of the NFT technology is that it enables artists and content providers to own the intellectual property completely. Most license agreements do not include language like this, which permits them to continue making cash without relinquishing their copyright rights.

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Security

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When it concerns NFTs, you can be confident that your information is safe. Blockchains are decentralized, which means that the data they contain is stored in several distinct nodes located worldwide. The database records are always identical at each node, regardless of which one is used. Even if the Internet connection is down, there will always be a record of what happened someplace in the system.

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Transferability

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The trading of NFTs is conducted via the use of smart contracts. A platform is self-contained, secure, accurate, and devoid of interruptions in its operation. It is easier to transfer ownership of NFT when using a smart contract since it just needs the fulfillment of particular requirements between the buyer and seller following the contract's design.

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Economic Prospect

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Until recently, the primary emphasis of NFT professionals has been on their essential characteristics. Non-Fungible Tokens (NFTs) have recently found widespread use in digital content. The fragmented character of the digital content market is the crucial reason for the practicality of NFTs in the realm of digital content production.

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Content creators and providers are continually challenged with the terror that competing podiums are mining their revenue and decreasing their grossing chances. For instance, a digital artist who publishes their output on social media networks might also generate revenue for the platform by selling advertisements to the artist's admirers. While the artist receives an excellent way to promote, it does not assist the artist in earning any money due to the platform's advantages.

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The benefits of non-fungible tokens could pave the path for the eventual establishment and expansion of a whole new creator economy. The creator economy would be centered on supporting content creators in avoiding the need to transfer ownership to platforms they use to advertise their work.

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Thanks to non-financial technologies, the ownership of the material is incorporated only within the content. As a result, when the content producers sell their work, the revenues flow straight to them. If the NFT is sold to a new owner, the creator of the NFT may be able to collect royalties by implementing innovative agreements while developing new NFTs. As long as the NFT metadata contains the inventor's address, the original creator may be eligible to collect royalties from each resale of the token.

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Increase the Rate of Inclusive Growth

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The last and most significant point to mention among the benefits of NFTs is their ability to promote equitable growth and development. NFTs connect content producers from different areas into one environment, allowing new paths for inclusive development for all participants. First and foremost, NFT artists may realize the entire worth of their work and engage in direct communication with their target audiences. On the other hand, buyers can obtain liquidity in various kinds of assets via the use of NFTs. For example, the usage of NFTs for valuable metals is a well-known example of assuring liquidity. NFTs that reflect ownership of a particular proportion of real-world assets, such as real estate, have the potential to demonstrate growth flexibility. Real estate agents might advertise properties as NFTs with partial ownership of the assets.

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Consequently, numerous purchasers might potentially acquire a share in a single asset provided specific requirements are met. Finally, the promise of future royalty payments to creators via NFTs has significant ramifications for future growth. While NFTs provide tremendous benefits to various players in the system, they also have the potential to give some broader benefits to all participants. For example, NFTs effectively generate inclusive growth, as shown by the many application cases of NFTs in various industries.

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Unquestionably, the NFT blockchain technology offers many benefits that make it a very profitable investment. They provide incredible advantages not just to the inventors but also to the resellers who use them. There is significant potential for NFTs to become a vital component of the destiny of most sectors in the foreseeable future.

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In conclusion, non-fungible tokens (NFTs) are helpful to consumers in many ways. However, although NFTs require more exploration in terms of issues such as application, cyber security, and exploitation, it has already established itself to be a viable method that might be adopted by a variety of industries in the future.

2

History of NFTs

Kevin McCoy, the man who created NFTs, has a long and storied history that dates back to May 3, 2014. He created Quantum, a non-fungible currency, long before the crypto art industry took off.

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As seen on the Quantum website, Quantum appears to be a pixelated design of an octagon stuffed with forms all sharing the same core, with more gigantic shapes enclosing smaller corporations and captivating pulsating in bright hues. Only one Quantum art project (2014–2021) is now on the market for $7 million.

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In the Star Trek universe, McCoy is a one-of-a-kind character. He and his fiancée Jennifer have built a reputation as the top digital painters in the industry over the years. The NFT phenomena is profoundly rooted in the art market, according to McCoy. It arose from a long tradition of artists experimenting with new technologies, the author explains. Rather than participating in public pricing fights, artists like McCoy prefer to sell their work through galleries or one-on-one. The Art Museum is now hosting the exhibit Every Episode, Every Shot.

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CryptoPunks and CryptoKitties are only two examples of cultural movements that have influenced CryptoArt. These works of art became well-known due to widespread network effects and the desire to pay a high price for them.

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The History of Non-Fungible Tokens

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Initiated by CryptoKitties, Rare Pepe, and CryptoPunks, the CryptoArt category was born. Due to viral network effects and the willingness to spend significant amounts of money to obtain these pieces, these pieces of 'art' became famous.

2012-2013 - Colored Coins

Inspirations for NFTs came from a colored coin, first released on the Bitcoin network in 2012-2013. The blockchain-based tokens, Colored Coins, represent real-world assets, and they may be used to verify the ownership of anything from precious metals to cars to real estate, as well as equities and bonds. The original concept was to use the Bitcoin blockchain to store assets such as digital collectables, coupons, property, company shares, and more. They were described as novel technology with a lot of untapped potential for future applications.

2014 - Counterparty

Counterparty, a distributed, open-source Internet protocol and peer-to-peer financial platform built on the Bitcoin blockchain, was founded in 2014 by Robert Dermody, Evan Wagner, and Adam Krellenstein. Counterparty makes it possible for people to establish their own tradable currencies. This is by allowing asset creation and creating a decentralized exchange. In addition, it includes a variety of opportunities and concepts, such as meme trading without the risk of counterfeiting.

2015 - Spells of Genesis on Counterparty

In April 2015, Counterparty teamed up with the Spells of Genesis producers. Not only were the makers of the Spells of Genesis game among the first to issue in-game assets onto a blockchain using Counterparty, but they were also among the first to initiate an ICO. By establishing their own in-game money, BitCrystals, the founders were able to assist in the development of Counterparty.

2016 - Trading Cards on Counterparty

New tendencies began to emerge in August of 2016. Counterparty partnered with Force of Will, a popular trading card game, to launch their cards on the platform. Force of Will became the fourth most popular card game in North America, behind Pokémon, Yu-Gi-Oh, and Magic. Their entry into the ecosystem, where they had no prior experience with blockchain or cryptocurrencies, demonstrated the value of having such assets on a blockchain.

2016 - Rare Pepes on Counterpart

Memes were debuted on the blockchain in 2016. Memes also started finding their prominence on the Counterparty platform in 2016. People started contributing materials to a meme known as Rare Pepes. Rare Pepes is a meme that features an intriguing frog mascot that has amassed a large following over time. What began as a comic figure known as Pepe the Frog has grown to become a popular meme on the Internet. With the prominence of Ethereum in early 2017, Rare Pepes began to be exchanged on there as well. Portion's founder, Jason Rosenstein, co-hosted the first live Rare Pepe auction at the first Rare Digital Art Festival alongside Louis Parker. With the Rare Pepe Wallet, CryptoArt was founded, and it was the first time that artists from all around the world could submit and sell their own work. It was also the first time that digital art could be considered valuable in its own right.

2017 - Cryptopunks

The inventors of Larva Labs, John Watkinson, and Matt Hall, produced unique characters generated on the Ethereum blockchain as Rare Pepe's trade grew in popularity. There would be no two characters alike, and the total number of characters would be capped at 10,000. The project's name, Cryptopunks, refers to a Bitcoin experiment from the 1990s and can be regarded as a mix of ERC721 and ERC20.

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The most common Ethereum Token Standard, ERC20, provides rules that allow tokens to interact, but it isn't ideal for producing one-of-a-kind tokens. ERC721, for example, was designed to be the Ethereum blockchain's standard for non-fungible tokens. ERC721 allows a single smart contract to track the ownership and movement of individual tokens.

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CryptoKitties NFTs using ERC721 were able to get up and running quickly. This is a virtual game based on the Ethereum blockchain that allows participants to adopt, breed, and trade virtual cats. They were extremely popular and were featured on major news outlets such as CNBC and Fox News. Axiom Zen, a Vancouver-based firm, established CryptoKitties, and it immediately became popular, attracting money from top investors as a result of its rapid growth. CryptoKitties was eventually spun out by Axiom Zen and renamed Dapper Labs.

2018 – 2021 - The NFT Explosion

NFTs gradually gained public awareness between 2018 and 2021 before exploding into mainstream adoption in early 2021.

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The ostensibly underground movement that swept the crypto community has been gradually evolving into more mainstream art. On Valentine's Day 2018, artist Kevin Abosch partnered with GIFTO for a charitable auction, marking a turning point in the transition. The partnership resulted in a $1 million transaction for The Forever Rose, a stunning piece of CryptoArt.

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Mr. Abosch went on to raise the stakes when he started combining his blood with a combination of the Ethereum blockchain in a project called IAMA Coin. Abosch has not been the only artist using this new mode of expression. However, it has steadily gained some traction with artists exciting to push their creative bounds.

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The NFT market is efficient and more liquid than the traditional means of exchanging assets. Numerous venues have surfaced online, each holding differentiators for makers and collectors alike. The main area of disruption is centered on lowering centralized costs, where traditional art brokers, and auction houses, often collect up to 40 percent.

2021 to the Present - Increased Demand for NFTs

Following a series of high-profile transactions, interest in NFTs rose in the first few months of 2021. Digital art made by the artist Grimes, an NFT of the Nyan Cat meme, and NFTs designed by 3LAU to advertise his album Ultraviolet were among the NFTs sold in February 2021. Some highly publicized NFT sales occurred in March 2021, including an NFT designed to encourage the Kings of Leon soundtrack ‘When You See Yourself,’ a $69.3 million sale of vector graphics by Beeple entitled ‘Every day: The First 5000 Days,’ and an NFT created by Twitter founder Jack Dorsey that depicted his very first tweet. Because of the speculative nature of the NFT market, more investors are trading at higher volumes and rates.

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Experts have referred to the recent spike in NFT purchases as an economic bubble and have likened it to the Dot-com boom. By the middle of April 2021, demand looked to have significantly waned, resulting in a dramatic drop in prices; early purchasers were said to have done extraordinarily well by the publication Bloomberg Businessweek. An NFT of the source code for the World Wide Web, ascribed to a computer named Sir Tim Berners-Lee, was sold by Sotheby's in London in June 2021 for a total of US$5.4 million. According to the auction house, Sotheby's acquired a package of 101 Bored Ape Yacht Club NFTs for $24.4 million in September 2021.

3

NFTs and Blockchain

Blockchains are decentralized ledgers that hold information to make it difficult to forge or alter what is stored. Imagine you have a painting on the wall of your living room. On the back, there is a list of information regarding the painting. It includes the artist, the type of canvas, the paints used, the different colors used, what it is a painting of, a list of past owners, the certificate of ownership, and where and when it was painted. Every one of these bits of information is a block, and together they make up the painting.

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A non-fungible token is no different, except that the blocks are linked