Investors in cryptocurrencies invest in Fungible Tokens, which are exchangeable. So, for example, when one exchanges one Bitcoin for another, there is no one among the exchanging parties who bears any disadvantage from the exchange. Non-fungible tokens, on the other hand, represent digital property that is unique. These can be, for example, works of art,…
You already heard about “Profile Pics” in the NFT Ecosystem. These are series of images (often 10,000 individual variations of a motiv), that can be used as user images in social media. Alternatively, they’re also called “avatar” projects. The best-known PFPs are the CryptoPunks. The CryptoPunks were created by two creative software experts, John Watkinson…
We released our platform on the production environment on 22/2/22 and start with a beta phase and will continuously develop the application. In the current beta phase, artwork can be uploaded, edited, created and tokenized. All this with just a few mouse clicks. So next we will release our auction house. The auctions will run…
The Metaverse is currently on the lips of tech entrepreneurs, media and Internet corporations. But what exactly is behind the Metaverse? Facebook CEO Mark Zuckerberg has renamed Facebook into Meta and talks about it as if it’s the future of the Internet. Currently, there’s also a lot of marketing hype around the idea of the…
Non- Fungible Tokens (NFTs) transform digital artwork and other collectibles into unique, verifiable assets, which can be traded on the blockchain. Digital Assets (NFT Utility Value), which are tokenised on the blockchain, provide a distinct (decentralised) indication of the ownership of an asset, the owner’s identity as well as governance & access rights. As a matter of fact, buying an…
Non-fungible tokens (NFTs) are becoming increasingly popular. Artists, entrepreneurs, and even teenagers make six figures or million-dollar amounts with NFTs. For example, a twelve-year-old in suburban London made £290,000 from the proceeds of an 8-bit representation of a whale. The inventor of the Internet, Tim Berners-Lee, tokenized his original program code for the World Wide…
The creation of NFT requires an underlying distributed ledger for records, together with exchangeable transactions for peer-to-peer network trading. While most NFTs to date have been built on Ethereum today, some newer NFTs also use other blockchains such as Flow, Binance Smart Chain or Ethernity Chain for specialized application support. The popular blockchain systems use…
The universal standard ERC-20, which works with smart contracts, has become a real turning point in the world of cryptocurrency. The ERC-20 tokens are currently used by most Cryptocurrencies as they connect cryptocurrencies to each other and to third-party services. However, there are other types of tokens as well. The main difference between the ERC-20…
Loob is an all-round platform for NFTs. In fact, you can easily create or upload digital artworks, represent them in a digital gallery and a social network and sell them in a digital auction house. Moreover, the Auction House provides the possibility to auction digital artworks and transfer them as NFTs via the Blockchain.The buyer…