NFTs

What is an NFT?

NFT stands for Non-Fungible Token. A non-fungible token means that it is unique. Think of it as a 1 of 1 trading card. There's a unique and non-interchangeable unit of data stored on a digital ledger using blockchain technology to establish proof of ownership.

How do you mint your own NFT?

Choose you digital asset; a painting, picture, etc. Secondly, choose which blockchain you intend to use. Set up your digital wallet and select an NFT marketplace and connect your digital wallet in order to pay the minting fees. Afterward, upload your file, set your sale price, and post it!

What makes an NFT different than a JPEG?

Unlike an image, every NFT is unique. An NFT is proof that you bought an asset. It is stored on a digital ledger called a blockchain.

Why does NFT art have value?

NFT art is valuable because it verifies the authenticity of a non-fungible asset. This means the asset is unique and one of a kind. For example, the Mona Lisa painting is non-fungible. While you can make copies of paintings or have a screenshot of the Mona Lisa, the original painting remains irreplaceable and unique.

Blockchain technology

Blockchains are complicated. Blockchain technology is a digital database that is shared and stored between nodes of a computer network. Blockchains are essential to cryptocurrency systems for maintaining a secure and decentralized record of transactions.

Want to learn more? Here are some vidoes that we find helpful!

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The
Metaverse

What is the Metaverse?

A metaverse is a network of 3D virtual worlds. Commonly believed to be in Virtual Reality, but also available through browsers or mixed reality, a metaverse is interactive an immersive.

Is there only 1 Metaverse?

Ideally, there is only one metaverse that provides seamless and simple movements from world to world. Unfortunately, companies don’t intend to share and allow access to other worlds that aren’t their own.

What are the uses of the metaverse?

The obvious uses would be to socialize and meet new people but it doesn’t stop there. From virtual work spaces to attending live sporting events from across the country, the possibilities are endless.

Important traits for a metaverse

Since a metaverse is a digital world, the traits that are needed could be endless. Some vital traits are corporeality, interactivity, and interoperability.

Still curious about the Metaverse? Watch these vidoes!

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Web 3.0

What is Web 3.0

Web 3.0 is known as the third evolution of the Internet. This new iteration of the World Wide Web incorporates concepts such as decentralization and token-based economics.

What is Web 1.0 and 2.0?

Web 1.0 was the Internet in the 1990s and early 2000s. It is categorized as information on a page (Read only page). Web 2.0 is the current stage of the Internet; web pages with high interactivity, social connectivity, and user generated content.

How does Web 3.0 work?

Web 3.0 relies on blockchain technology just like cryptocurrency and NFTs. Blockchain technology allows for full transparency.

Web 3.0 and Censorship

All information will exist and be accessible. This is extremely important because it wont be possible for governments to censor information.

How will Web 3.0 help innovation?

Currently, tech companies collect lots of information and walls it off. With Web 3.0, any information that you choose to share is accessible. This will provide an entrepreneurial boom and unlock countless new ideas to help the world.

Web 3.0 is on the horizon. Here are more videos that can help.

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