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A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. [1] The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.
OpenSea is an American non-fungible token (NFT) marketplace headquartered in New York City.The company was founded by Devin Finzer and Alex Atallah in 2017. [2] [3]OpenSea offers a marketplace online allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction.
The ERC-721 Non-fungible Token Standard is a technical framework, defining a set of rules and interfaces for creating and managing unique, non-fungible tokens (NFTs) on the Ethereum blockchain. [1][2][3] ERC-721 is recognized for formalizing the concept of an NFT and establishing the foundation of the multi-billion dollar digital collectibles ...
If you traded 3 Ether ($9,724 as of Jan. 11) or more on Opensea between June 16, 2021, to Dec. 16, 2021, you’re eligible for an airdrop of LOOKS Tokens, according to the blog post.
1990 (age 33–34) Education. Brown University. Known for. Co-founder and CEO of OpenSea. Devin Finzer (born 1990) is an American entrepreneur and technology executive. He is the co-founder and chief executive officer of OpenSea, a marketplace for non-fungible tokens. [1] In January 2022, Forbes estimated the stakes in OpenSea owned by Finzer ...
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Impact of non-fungible tokens on traditional businesses. The impact of Non-Fungible Tokens (NFTs) on traditional businesses is quantifiable in several distinct operational, transactional, and economic variables within multiple industry sectors. NFTs, characterized by their indivisibility and uniqueness, are registered on a blockchain.
April 30, 2021. Bored Ape Yacht Club (BAYC), often colloquially called Bored Apes or Bored Ape is a non-fungible token (NFT) collection built on the Ethereum blockchain with the ERC-721 standard. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm. The parent company of Bored Ape Yacht Club ...