Questions tagged [non-fungible-tokens]

Non-fungible tokens or NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency.

Non-fungible tokens or NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions.

Source: Investopedia

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Why do NFTs have value?

I've seen dozens of articles on NFTs, and not comprehended a single one. So when someone made an NFT of the first Twitter posting, I didn't understand how that would be a means to generate any sort of financial return. Even if the copyright on the…
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Someone on Instagram is offering to buy art I posted as NFTs. What is my risk?

I have an Instagram account where I post some content from time to time. Recently, I've been posting some images I created via AI, which I indicate in every post. Today, I received a message where someone offers to purchase two of those images as…
Tarish
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In what ways is the NFT marketplace different from the stock market?

Non-fungible tokens (NFTs) are all the rage. Creators can create works for digital art (and other types of digital assets) and sell them online. The sales occur on a cryptocurrency exchange like Bitcoin or Ethereum. It has been compared to a stock…
Cybernetic
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Is it possible to use NFTs to trade the ownership of shares in physical companies?

I am trying to know if it is possible (or already done?) to use NFTs to trade the ownership of shares in physical companies. I have found articles on medium.com about using NFTs for real estate, but i could not find anything related to stock…
username
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How do I determine the division of cost basis for multiple NFTs minted in a single transaction?

I understand (I think) how to assign cost basis (for income tax) to ordinary minted NFTs: Convert the minting price (including gas, fees, etc.) in cryptocurrency to dollars using the market rate at the time. But when a single transaction yields…
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NFT's may be a new money laundering horizon

I made some experiments with the creation of NFTs on various platform like open sea and mintable. No one reacted on the NFTs and it's not strange because they clearly suck! But i saw some ridiculous NFTs sold for millions of dollars. After that in…
Ion Stirba
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