Non Fungible Tokens Nyan Cat

A NFT or non-fungible token is basically the registration of ownership of a digital object on a blockchain. The punt paid off handsomely. Nyan Fungible Tokens Posted by Heather Ryan March 9 2021 Posted in Uncategorized Tags.

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What this means is the digital art or video music gifs games texts and memes can have a proven ownership similar to if somebody owned a specific baseball trading card.

Non fungible tokens nyan cat. Since an NFT is a unique digital item it cannot be exchanged for a like item because there is nothing else like it. Nft non-fungible tokens nyan cat social commerce social media I am trying to be more curious and less judgmental. Anyone can save the GIF to their computer but only one person owns Nyan Cat as a non-fungible token.

Nyan Cat is one of the most famous GIFs on the internet. Its possible to buy a token that represents art in the physical world but NFTs also back digital assets like an image or even a tweet. Meme-makers of the early 2000s are getting in on the action when it comes to cashing in on non-fungible tokens NFTs selling off their viral moments for thousands of dollars.

Non-fungible tokens are tokens that are non-fungible meaning that they are unique and cannot be replaced. Non-fungible tokens NFTs including Nyan Cat meme are all the rage for investors and collectors with many shooting up in value recently like NBA Top Shot. NFTs are built on blockchain technology making them very secure.

This is different than something that is fungible For example a Bitcoin is fungible because it can be exchanged for another Bitcoin. In February an NFT of the original Nyan Cat animation sold for 416000 kickstarting the wave of meme sales that is still going on to this day. Renowned pillars of the Internet we know today including the creators of Twitter and the iconic Nyan Cat are sealing their mark in history by putting commemorative items up for sale in the NFT realm.

Twitter founder Jack Dorseys first-ever tweet has been sold for 2915835. The Nyan cat meme was. NFTs are known as the collectibles of blockchain technology since they can have only one owner at a time.

Are they worth the money. When Christopher Torres the creator of the Nyan Cat gif published its corresponding token through the crypto-art platform foundation he did not have the slightest idea that it would sell for over 300 ETH approximately equal to 590000. From the recent sale of the Nyan Cat meme by artist Chris Torres which sold for 580000 in February 2021 to the sale of a single digital pixel by artist Pak which sold for 136 million in.