![beholder token beholder token](https://i2.wp.com/geekdad.com/wp-content/uploads/2017/01/Beholder.jpg)
![beholder token beholder token](https://laughingbeholder.com/tokens/cuttle-token.png)
JPG or accessed for free on twitter.īasically, why would you spend $69 million for a digital art work that you could drag on to your desktop for no cost? Well, the response is a simple one: no matter how easy it is to view or save a copy of the NFT someone owns, they will always be the sole owner of it. Much of that conversation is centered around what it means to buy a work of art or media that is non-physical, and in the case of images, videos, and posts like Dorsey’s, can easily be saved as a. These digital assets and the high prices at which they are valued have created mountains of discourse. NFTs have been met with criticism despite their popularityīut NFTs are far from perfect. Minting these moments as NFTs contextualizes them in a digital form that reflects the culture they produced. Many are jumping at the opportunity to make landmark moments in internet culture their own digital asset and transforming the blockchain into an immaterial museum in the process. The tweet reads “just setting up my twttr.” Another crucial aspect of this difference is the token’s non-fungiblity.ĭorsey sold the first tweet he ever made on his now ubiquitous social media platform Twitter for over $2.9 million dollars. NFTs exist on the Ethereum blockchain (ETH), and this information about who owns them, what kind of media they are, and who created them makes them exist differently than an ETH coin. When NFT’s are purchased at auction, they are subsequently “minted” on the blockchain, where they become a file that cannot be manipulated, edited, deleted, or copied in their original form. So what exactly are NFTs? Non-fungible tokens certify the ownership of a one-of-a-kind piece of digital media, most commonly art, but can include anything from photography, music, memes, podcasts, and tweets among other things. If you’re an avid investor in cryptocurrency or a digital art lover, it’s likely that you’ve heard about non-fungible tokens, commonly referred to as “NFTs.” Non-fungible tokens, or NFTs, exist on the Ethereum blockchain (ETH), and this information about who owns them, what kind of media they are, and who created them makes them exist differently than an ETH coin.