Nft crypto elon musk

Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs. Choose your reason below and click on the Report button. This will alert our moderators to take action.

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Bids for Elon Musk's Crypto-Themed NFT Pass $1M

To enjoy our website, you'll need to enable JavaScript in your web browser. Please click here to learn how. What is the future of NFT? Many investors are curious about its growth and momentum. NFT stands for "non-fungible token," which is a unique and non-interchangeable unit of data stored on the blockchain.

NFT also serves as "ownership rights" over unique digital assets. These assets may refer to photos, videos, audios and other digital files. However, keep in mind that to interact with NFTs, the user must be familiar with the cryptocurrency industry.

Dogecoin co-creator Billy Markus recently started a thread about cryptocurrencies. He said it has "changed a lot since This jab refers to NFTs in the market. As previously mentioned, many NFT assets imply digital artworks. NFT volume also skyrocketed to 38, percent year-over-year. As Markus pointed out, the NFT "jpgs" add a big change to the ongoing cryptocurrency industry.

Business magnate Elon Musk agreed to the sentiment, but he replied with a different twist. Musk tweeted, "NFTs are jpeging the dollar. For reference, "jpeging" is slang for low-quality images resulting in fuzziness, per Slang Define. Musk might be referring to NFT lowering the value of a dollar or eventually replacing it as a payment method. Since the NFT industry undeniably grew in these last couple of months, Musk might have seen a bigger potential in the long run.

A few reports have teased on NFT potential through future projects. Here are some of the most notable updates about NFTs. Airdrop is a crypto or NFT marketing strategy that promotes a project by giving out free tokens. This is an opportunity for interested investors to collect the tokens ahead of their debut. There are five ongoing projects that fans might be interested in joining:. It is also worth mentioning that NFTs have introduced a new and exciting method for cryptocurrency farming.

When NFT is linked up gaming, they create blockchain games where investors can play-to-earn. Some of the games to look out for are :. Rumors also said that the classical game "Farmville" might be added to the blockchain system.

This is because Zygna CEO Frank Gibeau said, "we are a social game company that believes it's more fun to play games together than by yourself. So as part of our culture, we like to innovate and try new things. NFT is still developing, so it is hard to determine whether it will succeed in the market.

Readers should take this information with a pinch of salt because other readers might interpret the tweets with different meanings. For now, fans have to wait and see on the future of NFT industry. Do not reproduce without permission.

NFTs are jpeging the dollar — Elon Musk elonmusk December 5, Business magnate Elon Musk agreed to the sentiment, but he replied with a different twist. Some of the games to look out for are : "Decentraland" "Wolf Game" "Axie Infinity" "Alien Worlds" Rumors also said that the classical game "Farmville" might be added to the blockchain system.

Plus Differences to Expect.

Elon Musk Creates Bizarre Song about NFTs... One Person Wants to Buy It for $1.12M

Musk particularly called the initiative "annoying," adding that Twitter is spending engineering resources "on this bs while crypto scammers are throwing a spambot block party in every thread. Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news. Musk's criticism, however, faced response from the cryptocurrency community where users recalled that Tesla is now accepting dogecoin DOGE for merchandise. As of press time, the Tesla CEO has not responded to the accusations. Every day we publish the best materials for everyone interested in economy. Did you spot a mistake? Content rights belong to their respective owners.

He further tweeted, "Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every.

Explaining Web3: From the blockchain and crypto to NFTs and the metaverse

It's no secret that billionaire Elon Musk loves memes. He frequently reposts them on Twitter, where he has 61 million followers. Though some dislike his reposting , as he often neglects to give the original meme creators credit, others have profited from Musk's practice, including self-proclaimed "hobby artist" Eva Beylin. Beylin was thrilled when Musk reposted her meme on Wednesday. Even though Musk didn't give her any attribution, "I am over the moon," she says, adding that she's a big fan of Musk. As the director of The Graph Foundation, which supports blockchain data protocol The Graph, Beylin is passionate about Web3, which is the decentralized iteration of the internet that powers blockchain-based applications like NFTs. Though it was Beylin's idea to create the meme, she did not design the image of the cartoon couple or edit the prices of bitcoin and ether. Beylin was inspired to create the meme after seeing a post by another Twitter user who edited the cryptocurrency prices and tweeted it as a joke. I wish I got all those likes myself because I can only imagine how much serotonin my brain would make with all that attention, but memes are permissionless, so it's just cool to see things I shared around," Shegenerates says.

Elon Musk said he'd sell his tweet as an NFT and the highest bid was over $1.1 million

nft crypto elon musk

In a segment explaining these tokens, U. Throughout the song, various characters explain the characteristics of NFTs and emphasize at what price some of these digital works have been sold. In total, the segment has been shared by more than 6, users and has received comments from various personalities within and outside the crypto space. News of the event has been endlessly replicated in the traditional media. However, NFT investor and collector Aftab Hossain stated on Twitter that NFTs entry into the mainstream does not necessarily point to future depression in the crypto market.

NFTs have been a hot topic in the art world for some time now.

Elon Musk Takes A Dig At NFT Buyers, Suggests They Are Hallucinating

Buy our Community Token. Unless things change, the current growth may suffer the same results. Regulation and VC ownership. Elon Musk and Jack Doresy recently went on twitter and seemingly agreed that right now venture capital has the upper hand when it comes to web3 properties. Web3 is already making waves and already offering utility, albeit in a simple form. The ability to gain access to certain areas based on the tokens in your wallet shows promise.

Crypto enthusiast Elon Musk annoyed with Twitter’s new NFT feature, sends three-word tweet

A series of 10 different pieces, some of them reportedly one of a kind while the others had thousands of copies already, went up for sale on the online Nifty Gateway last November The highest selling of this piece was called the "Death of the Old" and is a one-of-a-kind video game that had flying cherubs, a sword, a cross, and also a glowing light that is set to one of Grimes' original songs. View this post on Instagram A post shared by War Nymph warnymph. The works were titled both "Mars" and "Earth" and are actually both short videos that had featured their very own titular planet along with a somewhat gigantic cherub over it while holding a weapon. They were also set to some original music. According to the story by The Verge , for those completely lost and have no idea what is happening and how Grimes was able to make much money over digital art, here's an explanation.

Check out how netizens reacted to Musk's tweet. Yep, the most annoying part is choosing which one of your many NFTs to use . — SafePal - Crypto.

Tesla CEO Elon Musk Calls Twitter's New NFT Profile Picture Feature 'Annoying'

One of the latter is the DOGEfather himself. Not only did he call the service annoying he went on to say that:. Many people on Twitter have been very vocal about the pointlessness of NFT profile pictures, including the like of popular trader Michael van de Poppe who agreed with Musk. But yet this was considerably surprising given Elon Musk has been an avid supporter of crypto and cryptocurrencies for more than a year now.

Elon Musk Calls Twitter’s New NFT Profile Picture Feature ‘Annoying’

These VIP buyers have mistakenly exposed their identities and affiliation with the Picassol project over the past year. Many rich and famous VIP buyers have made suggestive comments about the Picassol project on their social media pages, radio channels, and live stream events. Most shocking was that aside from Paris Hilton and Elon Musk , most of these VIPs buyers were very secretive and have almost never had any connection to cryptocurrencies or bitcoin based projects. Many experts have confirmed that all 19, NFTs will sell out in less than 1 second unless they apply a lottery system that gives everyone a fair chance to mint. All the minters will continuously get a chance to list their Picassol NFT on the private auction every month. This explains the real reason behind the rising price of Solana since August

Elon Musk doesn't appear to be amused with Twitter's move to let users have verified non-fungible tokens NFTs as profile pictures.

This article is part of a series on financial and economic literacy funded by Ecstra Foundation. This role may now have been overtaken by non-fungible tokens, the blockchain-based means to claim unique ownership of easily copied digital assets. So what does Eminem now own? He has an electronic version of an image, which he is using for his Twitter profile. But then so does anyone who copies it from the internet.

Instead of shooting the upstart Apes, players are supposed to take photographs in order to kill them and earn crazy amounts of money. In essence, an NFT is just a receipt on a decentralized blockchain. The gaming community has been highly skeptical of the buzz-worthy crypto craze, arguing that are mainly used as a tool for speculation and money laundering at the expense of the environment while also posing a threat to digital abundance on the internet.

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  1. Zipactonal

    If this is not a big secret;), where is the author of the blog from?