All About Affordable NFTs

3aNFT.com
All About Affordable NFTs

Expert guests, NFT project reviews, and conversations about how to approach NFTs whether you have one or one hundred NFTs. Projects/topics: Art Blocks, ZED RUN, Rarible, Meebits,

  1. 06/16/2023

    Pawn Shops: THE KILLER NFT USE CASE

    The Next Wave: Real-world collectibles as NFTs https://newsletter.luckytrader.com/p/a-rolex-nft-loan-just-changed-the?publication_id=1290161&post_id=128507280&isFreemail=true    https://twitter.com/CirrusNFT/status/1669064880949985280    “Someone just took a $14,500 loan on two Rolexes at 12% APR from a complete stranger all on-chain   The Rolexes were sent to an escrow company who then sent back NFTs representing ownership of the watches   The borrower can then use those NFTs to tap into global liquidity rather than taking a predatory loan at their local pawn shop   If they default? The lender can use the NFTs to redeem the watches   One of the most obvious and easy to understand use cases of NFTs” This development has the potential to disrupt pawn shops and similar businesses in several ways:   **Greater Accessibility:** By tokenizing physical assets, owners worldwide can access liquidity, eliminating geographical barriers that exist with traditional pawn shops. This could potentially broaden the client base for such financial services.   **Fair Rates:** Traditional pawn shops are often criticized for their high interest rates and unfavorable terms. By contrast, the described DeFi system offers relatively low interest rates and transparent terms, which could attract individuals who would otherwise use pawn shops.   **Security and Trust:** The use of blockchain technology provides a transparent, secure, and trustless environment. This contrasts with pawn shops, where the value assessment can be subjective, and there's a trust risk in leaving your assets with a third party.   **Market Expansion:** Tokenization opens the door to a much larger market of physical assets that can be used as collateral. This could potentially disrupt pawn shops by offering a more extensive selection of accepted collateral.   **Efficiency:** The process of tokenizing assets and securing a loan could be more efficient and faster than traditional pawn shop transactions, which often require physical appraisals and paperwork.   As for NFT adoption, this development could be a significant boost:   **Real-World Utility:** NFTs are often associated with digital art or virtual real estate. By introducing a use case that involves physical assets, more people might see the utility of NFTs, thus driving wider adoption.   **Expanding Market:** By allowing physical assets to be tokenized and used in DeFi, the market for NFTs could expand significantly. This could attract more participants, including those who own valuable physical assets and are seeking liquidity.   **Driving Innovation:** This novel use of NFTs could spark further innovation in the space, with more types of physical assets being tokenized. This, in turn, could lead to more use cases, further driving adoption.   **Education and Awareness:** As news about these types of transactions spread, more people might become aware of NFTs and their potential uses. This could lead to a better understanding of the technology and its benefits, driving adoption.   **Integration with DeFi:** This development also highlights how NFTs can be integrated with other blockchain technologies like DeFi. This could lead to new synergies and drive adoption as users see the wide range of possibilities that arise from these integrations. News SEC Sues Coinbase Over Alleged Securities Violations (Updated) SEC Labels 10 Tokens Securities in Binance Lawsuit MoonPay gave Hollywood celebs Bored Apes to promote itself: sources  Dmitri Cherniak's Ringers #879, 'The Goose,' Just Sold for $5.4 Million  Generative Artist Emily Xie Has Created a Series of 100 NFTs Based on a 100-Year-Old Quilt in LACMA’s Collection FEWOCiOUS Unlocks the Sole of NFT Art with Adidas Sneakers  Louis Vuitton Selling $41K NFTs That Can’t Be Resold Introducing the MVP Soulbound Token: Celebrating Exceptional Community Members A New Frontier for Bitcoin? Recursive Inscriptions Explained

    36 min
  2. 05/22/2023

    Meme Coin Craze Begets NFT Season

    Meme coins and Non-Fungible Tokens (NFTs) have emerged as fascinating elements in the world of cryptocurrency, each uniquely intertwining aspects of pop culture, humor, and creativity with blockchain technology. Meme coins, like Dogecoin and Shiba Inu, have gripped global attention, gaining a community-driven momentum that propels them into the mainstream spotlight. This surge in interest often seems to preface an upswing in NFTs, a phenomenon that could be attributed to the growing interest in unconventional and playful components of the crypto universe that these meme coins symbolize.   Dogecoin's Daily Transaction Reached Lifetime Highs After 'DRC-20' Tokens Introduced   Historically, significant interest in meme coins has preceded an NFT boom. A prominent example of this trend was seen in late 2020 and early 2021 when the Dogecoin craze was swiftly followed by an NFT frenzy, where digital art, collectibles, and more were being bought and sold at staggering prices. This pattern not only reflects buyer behavior but also the transition of artists, creators, and developers from the meme coin space to the NFT arena, bringing along their innovation and fan base. Thus, while not a rigid rule, the symbiotic relationship between meme coins and NFTs in the crypto landscape is a captivating trend to observe and analyze.News Pudgy Penguins Releases Toy Line, Earns $500,000 in 48 HoursPudgy Penguins Raise $9M Amidst NFT Bear Market  The Block: Active NFT traders drops to lowest point since 2021 as FOMO wanes Bitcoin Frogs outpaces Bored Apes to become hottest NFT collection during past 24 hours   Checks Elements: Bridging the Gap Between Physical and Digital Art with NFTs  What is ERC721-C and Why Should You Care?  Ledger Seed Recovery Feature Raises Eyebrows  Transforming Dust Into Prizes: LooksRare's NFT Raffle Hits the Market - Blockworks  Moonbirds and Spotify Launch NFT Gated Playlist  Axie Infinity Rolls Out ‘Lite' Version of Crypto Game on Apple App Store - Decrypt

    37 min
  3. 05/05/2023

    NFT as the Solution to AI Deep Fakes | Project: Shop Sothebys Artists

    Is it a coincidence that Sam Altman, founder of OpenAI is also working on WorldCoin? Worldcoin, co-founded by Sam Altman, is betting the next big thing in AI is proving you are human | TechCrunch. Fake virtual identities pose challenges for social media platforms and society in general. Sam Altman, CEO of OpenAI, conceived Worldcoin to serve as proof-of-personhood. Worldcoin aims to create a global ID, currency, and app for payments, purchases, and transfers. Users download the app, have their iris scanned, and are added to a database of verified humans. Worldcoin creates a unique cryptographic hash tied to the person's identity. The startup has received $125.5 million from investors like Andreessen Horowitz and Coinbase. Privacy concerns and biometric data security have led to public skepticism. Worldcoin is now under a parent organization called Tools for Humanity. The company aims to create the largest financial and identity system, preserving privacy and inclusivity. Worldcoin has 1.2 million users; it needs billions more to be effective. To gain momentum, the company is launching an SDK for developers to incorporate its tech. Critics question the company's objectives, technology, and potential use of the Worldcoin currency. Competitors exist, but Worldcoin believes its physical-world approach has advantages over online solutions. NFTs can be used to authenticate an author by leveraging their unique properties, such as ownership, provenance, and scarcity. Here's a step-by-step breakdown of how NFTs can be used for author authentication:   Digital Identity Creation: The author creates a digital identity on a blockchain platform, which can be linked to their real-world identity. This could include verifying their identity through social media profiles, government-issued IDs, or other means of authentication.   NFT Minting: The author mints an NFT for their written work, such as a book, article, or blog post. The NFT contains metadata with information about the work, including the title, publication date, and a unique identifier (e.g., a cryptographic hash of the content). The author's digital identity is also associated with the NFT, proving that they are the creator of the work.   Ownership Transfer: When the author's work is sold, licensed, or transferred, the ownership of the NFT is also transferred, maintaining the work's provenance. This allows anyone to trace the ownership history of the work and verify that the current owner has the legal right to distribute or use it.   Verification Process: Readers, publishers, or other interested parties can verify the authenticity of the author's work by checking the NFT on the blockchain. They can ensure that the work is genuine, not plagiarized, and originated from the claimed author. This process can be facilitated by dedicated platforms or tools that make it easy to verify the NFT's authenticity and view the associated metadata.   Ongoing Updates: As the author continues to create new content, they can mint additional NFTs and associate them with their digital identity. This creates a verifiable catalog of the author's works, showcasing their legitimacy and building their reputation in the literary community.   Using NFTs for author authentication not only establishes a strong connection between the author and their work but also helps to protect their intellectual property rights, reduce plagiarism, and encourage responsible content creation.   Affordable project: https://metaverse.sothebys.com/   find artists and shop their other work.  News Bitcoin Transactions Hit Record High as New Token Type Takes Off The Block: Blur, Paradigm devs unveil p2p lending protocol for NFTs  OpenSea Ex-Head of Product Convicted in NFT Insider Trading Case - Decrypt Blur NFT Volumes Have Cooled Since Airdrop, But It's Still Number One - Blockworks Sotheby's Metaverse: A Game-Changer in the NFT Marketplace | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art  Sports Ill

    36 min
  4. 04/28/2023

    A Blurry Future for NFTS | Project: StandWithCrypto.eth

    A Blurry Future for NFTs   Is Blur Backing Itself into a Corner?  NFT marketplace Blur to end double loyalty points offer, potentially impacting NFT ecosystem Blur overtook OpenSea as the top NFT marketplace by volume after launching its native $BLUR token Significant token rewards given to users, leading to increased trading volume and outperformance of OpenSea Concerns arise as a few of Blur's biggest traders influence floor prices of NFT collections Blur co-founder argues the success is good for NFT space, while others disagree Potential drop in activity and floor prices when double points reward system ends on May 1 Some big traders exit Blur after realizing substantial losses in ETH NFT ecosystem braces for impact as Blur approaches May 1 deadline; questions regarding system sustainability remain   Elements Background on Blur Controversy and concerns End of double loyalty points Departure of big traders NFT ecosystem braces for impact As the NFT ecosystem braces for the end of Blur's double loyalty points offer, the future of the platform hangs in the balance. While Blur has made waves in the NFT world and attracted pro-traders with its aggressive reward system, this strategy could ultimately backfire. The platform's reliance on a few major traders to drive trading volume and maintain floor prices has raised concerns about its sustainability. If Blur fails to adapt and implement a more inclusive, community-driven approach, it may struggle to maintain its dominant position and risk destabilizing the NFT market as a whole.   News Apple's 30% Tax Mandate on iOS Is Illegal, Judge Affirms—And That Could Be Good for Crypto, NFTs - Decrypt  Coinbase CEO Backs 'Stand with Crypto' NFT Campaign - Decrypt https://zora.co/profile/standwithcrypto.eth  ‘Honeypot Bitch’: How Mad Lads Tricked Bots Into Spending $250K on Fake NFTs - Decrypt  BAYC Creator Yuga Labs Scores Legal Victory in Ryder Ripps Lawsuit - Blockworks Moonbirds Fumbles 'Day One Diamond Exhibition' NFT Drop

    34 min
5
out of 5
35 Ratings

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Expert guests, NFT project reviews, and conversations about how to approach NFTs whether you have one or one hundred NFTs. Projects/topics: Art Blocks, ZED RUN, Rarible, Meebits,

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