Here’s how it dawned upon him. “So I was actually going to post this sign a month ago when everyone was talking about NFTs and really knew nothing about it but I had a lightbulb moment to actually make it an NFT once I learned a little more about it.”
How did Seth get on to the NFT bandwagon?
Seth writes that a month ago everyone was discussing NFT while he had no idea about it. This was around the same time when Beeple, a digital artist, sold a jpeg file — a digital image — for $69 million (roughly Rs. 501 crores), through a first-of-its-kind auction via Christie’s auction house.
So, Seth decided that he would stand with a placard that read: “WTF is an NFT?” and convert it into an NFT and launch a full NFT collection thereafter.
His first collection includes a badge, with the first 157 signs. Another one has an opportunity to accompany Seth with a sign or a placard. The collection also includes the original picture which, had Seth not thought about launching his NFTs, would have gone inline.
What is an NFT?
NFTs, or non-fungible tokens, are digital assets that a person can buy or sell. They do not have any tangible form of their own. They can be anything from collectible sports cards to digital sneakers. No two NFTs are identical. This makes the creation and circulation of fake NFTs difficult. And because no two NFTs are identical, they cannot be directly exchanged with one another like cryptocurrencies. When people buy NFTs, they get certificates secured with blockchain technology. Though it’s still a relatively new trend in the blockchain world, it’s gaining momentum rapidly. Videos, in-game items in video games, and even a tweet have been auctioned as NFTs. Twitter CEO Jack Dorsey’s first tweet sold as an NFT fetched him $2.9 million (roughly Rs. 20 crore).
Is OnePlus 9R old wine in a new bottle — or something more? We discussed this on Orbital, the Gadgets 360 podcast. Later (starting at 23:00), we talk about the new OnePlus Watch. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, and wherever you get your podcasts.