NFTs in a Nutshell by tomlee

hive-167922 · @tomlee · Apr 10 '22

$2.32

NFTs in a Nutshell

NFT, which refers to "non-fungible token" is almost the most popular thing in the crypto space currently. One cannot help but notice the stunning things happening in this sector of blockchain technology. Numerous NFT enthusiasts have made life-changing amounts courtesy of NFTs. Sometimes, the huge sums made from flipping arts, images, videos, and the likes are hard to believe, if told to an alien in the space.
____

![nft-7031679__480.webp](https://files.peakd.com/file/peakd-hive/tomlee/23tH871nhBKLDyVxbTUutLsG3bjojPQ7StmhGFXKaAEUmTHb5a3dHoFKoZUZPQ9QdaRxL.webp)
[source](https://pixabay.com/illustrations/nft-blockchain-token-crypto-7031679/)
___

Conversely, a lot of rug pulls have been recorded in the NFT space resulting in huge losses for some users. For this reason, a lot of care should be taken and security measures observed when indulging.
____

Just recently, a group of persons known as the 'Coffin Dancers' sold their listed Coffin Dance video for a whopping 327 ETH. This was equal to a groundbreaking $1,045,409 at the time of purchase, according to a [tweet](https://twitter.com/PRguitarman/status/1512567511253983234?s=20&t=pW1u59uIgt-JZcwUcgtmog)
____

Interestingly, a Dubai-based music group 3FMusic did the acquisition. According to their bio, they are one of the best and most well-equipped music studios in the Middle East. Also, 3FMusic is a pioneer in providing top-of-the-class services for anything related to sound.
___

Non-fungible tokens are said to be the future of the internet and that's indisputable. While some say, NFTs cannot be ignored as it is a key feature of the metaverse. Refusing to pay attention to NFTs could mean missing out on something very eruptive.
____

#### About Non-Fungible Tokens (NFTs)
____

Let's begin with this: non-fungible more or less means the ability for something to be unique and lacking the ability to be replaced with something else. While a crypto token is a denomination of a cryptocurrency.

Hitting the nail on the head, non-fungible tokens are tokens used to represent ownership of unique items. These items could be arts, collectibles, music, images, real estate, etc.

Also, [NFTs](https://ethereum.org/en/nft/) can only have one official owner at a time and they are secured by [several block chains](https://leofinance.io/@taskmaster4450/hive-is-now-heavily-into-the-nft-market) like Ethereum, Solana, etc. Take note, that no one can modify the record of ownership or copy/paste a new NFT into existence.

On the whole, NFTs are currently taking the digital art and collectibles world by storm. However, digital art is not the only way to use NFTs. They have several other use cases and applications.

Notably, NFTs help in solving one of the problems existing in the internet today. In the world today, everything is becoming digital and there is a lot imitation and copy-pasting. Thus, NFTs also helps in giving proof-of-ownership and showing uniqueness.

</div>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tomlee/nfts-in-a-nutshell)

👍 bdcommunity, bartosz546, diverse, achimmertens, acesontop, firstamendment, da-dawn, rem-steem, robvector, fun.sports, simba, djsl82, emeka4, sbi9, mammasitta, voxmortis, filosof103, sportfrei, daniky, solox, rehan12, readthisplease, freddio.sport, mdaminulislam, jgb, steemegg, battebilly, tomatom, utibeeffiongart, dashfit, alokkumar.sports, kork75, realblockchain, roozeec, hardaeborla, siphon.tribes, peterpanpan, joelagbo, ireneblessing, xanderslee, ilovegames, randomblock1, tahuna, kdee916, joshglen, yestermorrow, sixexgames, psyo, eprolific, nascimentoab, cruisin, eythorphoto, reza-shamim, jzn, tezzmax, sportsconnect, mayorfaruk, swirly, colmedwardsphoto, ibkdagreat, makrotheblack, topworlds, montanacellist, anicom, and 148 others

`author`	tomlee
`permlink`	nfts-in-a-nutshell
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["blockchain","nft","hive-engine","neoxian","cryptocurrency","cent","creativecoin","vyb","proofofbrain","ctp","hive","palnet","leofinance"],"canonical_url":"https://leofinance.io/@tomlee/nfts-in-a-nutshell","links":["https://pixabay.com/illustrations/nft-blockchain-token-crypto-7031679/","https://twitter.com/PRguitarman/status/1512567511253983234?s=20&t=pW1u59uIgt-JZcwUcgtmog","https://ethereum.org/en/nft/","https://leofinance.io/@taskmaster4450/hive-is-now-heavily-into-the-nft-market"],"image":["https://files.peakd.com/file/peakd-hive/tomlee/23tH871nhBKLDyVxbTUutLsG3bjojPQ7StmhGFXKaAEUmTHb5a3dHoFKoZUZPQ9QdaRxL.webp"]}
`created`	2022-04-10 13:09:42
`last_update`	2022-04-10 13:09:42
`depth`	0
`children`	1
`last_payout`	2022-04-17 13:09:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	1.208 HBD
`curator_payout_value`	1.108 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	3,084
`author_reputation`	129,878,046,954,800
`root_title`	"NFTs in a Nutshell"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	112,166,806
`net_rshares`	2,102,474,429,809
`author_curate_reward`	""

properties (23)vote details (212)

voter	rshares	pct
simba	24,623,218,519	32.5%
justtryme90	592,391,823	32.5%
mammasitta	16,988,860,822	6.5%
nascimentoab	3,468,864,232	32.5%
alz190	2,001,331,879	45%
joshglen	3,859,599,412	32.5%
randomblock1	4,152,433,551	65%
sc-steemit	1,327,388,266	32.5%
dashfit	6,351,125,055	32.5%
hoboway	806,868,528	32.5%
daj	636,364,108	32.5%
da-dawn	55,844,648,529	23%
ihsan19	614,801,266	65%
sixexgames	3,665,590,746	32.5%
more4less	2,191,546,212	65%
ninyea	1,702,313,652	65%
mrstaf	1,281,171,922	32.5%
maxdevalue	1,191,285,308	45%
christianolu	973,940,704	90%
slefesteem	588,801,444	32.5%
kisom1	707,465,120	32.5%
friesennerz	1,666,227,350	32.5%
firstamendment	60,472,342,961	50%
makrotheblack	2,837,635,611	32.5%
blackmagic	1,974,173,199	65%
fatherfaith	1,257,852,082	32.5%
colmedwardsphoto	2,864,742,954	65%
pearlumie	1,786,863,774	32.5%
onyi	773,334,993	52%
rehan12	11,663,002,246	80%
tezzmax	2,942,049,428	32.5%
tochprince	1,010,186,657	32.5%
tolarnee	772,174,688	32.5%
bcrafts	1,413,183,103	13%
saifulanwar	567,894,991	32.5%
bartosz546	235,340,786,666	32.5%
korghawk	2,256,989,333	100%
battebilly	7,145,638,696	32.5%
airhawk-project	1,345,214,616	65%
odebgaming	797,984,713	65%
kdee916	3,959,767,924	32.5%
diverse	210,416,008,156	100%
kerry234	510,600,331	65%
paulmoon410	937,994,924	15%
fredkese	1,781,556,815	20%
mirfaner	506,346,420	65%
tboyloyal	872,420,775	32.5%
hrhmikelength	891,252,750	32.5%
berkaytekinsen	1,151,890,988	65%
motivatorjoshua	1,172,223,776	65%
apon6431	878,987,479	90%
xanderslee	4,417,238,177	65%
enjoyy	687,522,744	32.5%
funshel	635,357,865	32.5%
tomatom	6,598,604,889	32.5%
akumar	1,342,614,434	65%
azmielbanjary	2,006,585,699	32.5%
thedrewshow	502,166,815	65%
tosyne2much	749,161,272	90%
sholly1	2,270,323,338	26%
eprolific	3,562,203,343	65%
osarueseosato	2,275,489,587	65%
admiralsp	1,708,495,538	65%
airhawk-exchange	1,154,889,674	65%
mrxplicit	798,172,280	65%
cheesom	731,746,973	32.5%
kamalkhann	937,980,290	32.5%
sportfrei	13,640,361,778	50%
photohunter2	585,637,395	32.5%
preciousimo	953,736,209	65%
sportsconnect	2,923,268,154	65%
dwayne16	1,896,045,943	35%
joelagbo	4,703,909,867	32.5%
cruisin	3,283,866,642	31.5%
atjehsteemit	601,628,227	32.5%
jguzman394	1,056,402,123	32.5%
sunshinebear	839,079,296	32.5%
nucleus-tezz	950,841,337	32.5%
botefarm	1,795,068,878	52%
carloniere	588,036,395	65%
laviniatherapist	2,704,351,650	55.25%
bookoons	518,439,905	32.5%
elizabeth-22	871,893,534	32.5%
achimmertens	139,072,807,337	32.5%
acesontop	85,450,056,948	100%
jacksondavies	1,710,806,731	32.5%
realblockchain	5,590,538,972	20%
thomaskatan	1,063,937,509	45.5%
netzisde	706,022,172	32.5%
rachelleignacio	747,241,732	32.5%
ireneblessing	4,689,603,284	60%
steem.girl	505,783,017	100%
dawizy	987,711,438	52%
mdaminulislam	9,869,017,155	40%
hardaeborla	5,393,996,748	32.5%
ihal0001	641,194,445	32.5%
hloody	509,542,645	32.5%
femseen	986,186,027	70%
roozeec	5,457,896,379	100%
mayorfaruk	2,905,950,248	19.5%
fabrik	2,251,685,243	65%
juanhobos	537,893,680	32.5%
montanacellist	2,726,093,502	32.5%
mastersa	1,633,698,474	32.5%
lifeskills-tv	2,092,046,572	54%
ezunjoshy	1,654,021,767	32.5%
yestermorrow	3,788,972,435	9.75%
bdcommunity	628,776,032,026	80%
cynicalcake	899,145,472	32.5%
riottales	688,303,482	32.5%
voxmortis	14,857,768,030	8%
jenniferjulius	1,384,823,970	32.5%
angoujkalis	813,903,368	32.5%
predict-crypto	2,335,448,382	1.3%
dalzphoto	533,362,150	70%
topworlds	2,741,822,395	58.5%
sbi9	17,455,619,505	16.31%
ennydee	531,134,133	32.5%
starbooks	1,594,713,666	32.5%
solox	12,194,552,549	65%
martinstomisin	1,841,513,125	32.5%
kork75	5,728,081,203	32.5%
kbskl	570,915,974	100%
sugar-cube	1,955,793,194	80%
steemegg	9,244,753,376	32.5%
jtm.support	2,377,345,542	32.5%
tahuna	4,126,722,718	100%
rem-steem	55,033,084,442	30%
shadonchandra	1,081,166,202	50%
chicago.cubs	642,327,559	32.5%
writeandearn	1,506,357,744	100%
ava77	753,048,050	16.25%
anna.kathaxrina	1,052,517,889	32.5%
parth7878	1,175,652,097	32.5%
jzn	3,104,327,102	90%
schlooster	743,190,346	20%
filosof103	14,726,465,440	32.5%
hungryanu	1,372,381,124	19.5%
swirly	2,882,123,601	32.5%
anicom	2,715,786,772	90%
fitcoin	510,647,576	100%
edipascal	2,108,206,108	100%
psyo	3,650,148,389	32.5%
hyborian-strain	753,819,209	9.75%
freddio.sport	10,168,147,726	45%
apostlevincent	1,095,826,171	90%
uyobong.sports	1,734,372,789	90%
fun.sports	35,196,442,620	45%
emeka4	17,732,749,029	100%
cd-photo	541,917,526	100%
cabinet24	562,866,105	100%
jgb	9,701,777,436	2.7%
jayanti.jaya	1,808,310,190	40%
hjmarseille	1,822,937,611	45.5%
menoski-sport	717,706,291	90%
devann.sports	740,729,254	45%
mengene	582,699,502	32.5%
spiritking	895,478,804	100%
peterpanpan	4,887,532,717	6.5%
utibeeffiongart	6,538,292,585	45%
dantommy	501,759,422	100%
abkevwe	512,361,084	32.5%
djsl82	23,957,944,589	22.5%
daniky	12,746,415,038	16.25%
dave-estates	2,340,714,618	45%
jsalvage	1,087,984,764	32.5%
reza-shamim	3,162,525,818	40%
ilovegames	4,196,260,029	13%
liriadis	1,441,271,652	32.5%
iamfarhad	756,689,046	50%
ibkdagreat	2,860,933,991	52%
ctpsb.stem	630,419,212	100%
vonzeppelin	1,209,152,841	32.5%
shamzy	862,297,256	32.5%
alokkumar.sports	6,251,616,486	90%
abbey877	695,709,918	100%
tomlee.sports	1,590,606,723	100%
din0baba	742,991,370	32.5%
robvector	42,723,327,330	32.5%
eythorphoto	3,171,730,587	32.5%
liotes.burn	970,006,850	100%
samseny	891,998,540	50%
mcdaymtn	734,978,760	90%
cedstruct	794,908,095	45%
zellypearl.sport	1,474,347,832	90%
chuxter	891,945,703	32.5%
actifitmayer	548,480,432	45%
ubyego	715,111,812	50%
readthisplease	11,076,422,898	14.1%
peckypeace	2,185,079,016	100%
diamondcare	1,043,221,654	100%
duncanek	808,299,151	100%
noempathy	1,263,070,329	32.5%
germangenius	406,566,540	32.5%
siphon.tribes	5,107,683,076	100%
kalivankush	2,057,020,405	32.5%
williamtboy	132,446,740	11%
poggersdude	1,020,397,824	32.5%
shadowalker21	1,151,211,744	32.5%
ph1102.bee	597,043,505	100%
kayntan	2,130,970,559	32.5%
waivio.curator	1,401,941,082	2.63%
kwskicky	730,272,219	32.5%
youarecreative	822,355,356	100%
kingswill	924,718,306	100%
beetrader	591,341,700	100%
ozgeoz	1,090,469,366	100%
arthursiq5	1,570,267,408	100%
conodev	1,282,279,540	100%
halleluyah	1,250,979,028	100%
anicom.vote	732,394,129	100%
ostleo	641,533,962	100%