20/05/2022 What is an NFT? Experts explain what 'non-fungible token' actually means

Learn what a non-fungible token is in "NFTs: Enter the Metaverse"

You've got questions. We've got answers. So, what exactly is an NFT?

"'NFT' stands for non-fungible token," explainsGary Vaynerchuck,an entrepreneur and CEO otherwise known in the NFT community and by his fans asGary Vee. "When people say, 'Well, what does that mean?' I think the thing I always go to with is it's actually owning something in a digital environment."

Kelly Crow, a Wall Street Journal Art Market Reporter further explains, "In the simplest forms, it's proof that you own a thing. This proof doesn't come in the form of a paper contract that you keep in an archive or that your lawyer hangs on to. It's something that you own digitally."

Want to learn more about NFTs and the people who make, buy, and sell them? Watch "NFTs: Enter the Metaverse" at 8pm ET/5pm PST May 21st on ABC featuringParis Hilton,Gary Vaynerchuck,Beeple,Mark Cuban,3lau,Steve Aoki,Rebecca Jarvisand more.

Arts

https://abc7.com/what-is-an-nft-does-mean-non-fungible-token-meaning/11841735/

Interesting NFTs
CryptoPunk #8472
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.
CryptoKitties
Aloha! My name's Kitty #193746. I once peed on Confucius's cat. They had it coming. I would give it all up to star in a soap opera. Maybe you and I can be partners in crime.
Fuku-Shiva
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.
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By OthersideDeployer
taNNa
conceptual art. drawing and digitally processed.