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 Mad scientists NFTs degrade when theyre traded 0xDEAFBEEF NFT Creator

Mad scientists NFTs degrade when theyre traded 0xDEAFBEEF NFT Creator


Published: 2023-05-31


1. Main topics: - The concept of NFTs (Non-Fungible Tokens) - The volatility of NFTs' value - The degradation of NFTs when they are traded

2. Details: 1) NFTs or Non-Fungible Tokens are unique digital assets that are stored on a blockchain network. Unlike cryptocurrencies,each NFT is unique and cannot be replicated. NFTs offer a new way to own and trade digital items such as art,music,and videos,among others. 2) One of the main challenges of NFTs is the volatility of their value. Some NFTs may skyrocket in price overnight,while others may suddenly lose their value. This unpredictability adds a level of risk to owning and trading NFTs. 3) According to the article,a new experiment called 0xDEAFBEEF aims to address the degradation of NFTs when they are traded. The concept behind this experiment is that each time an NFT is traded,its quality degrades slightly. This degradation is intentional and is meant to remind collectors that the item has changed hands. By doing so,it makes the item more valuable because it has a history of ownership and provenance. Overall,the article explores the concept of NFTs,their volatile value,and a new experiment that aims to address the issue of degradation when they are traded.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,063.50 2,427,531,696.00
2 BTC title=BTC 62,779.50 1,880,504,254.38
3 ETH title=ETH 3,028.85 736,024,033.61
4 SOL title=SOL 152.80 604,403,490.27
5 PEPE title=PEPE <0.01 344,909,857.27
6 RNDR title=RNDR 11.15 204,670,427.48
7 WIF title=WIF 3.17 199,200,963.66
8 RUNE title=RUNE 6.48 190,879,714.52
9 DOGE title=DOGE 0.15 180,719,369.97
10 XRP title=XRP 0.52 153,727,682.29
11 WLD title=WLD 5.86 121,766,469.47
12 BOME title=BOME 0.01 109,820,081.60
13 NEAR title=NEAR 7.45 102,864,223.73
14 UMA title=UMA 3.77 98,495,859.82
15 ENA title=ENA 0.90 76,683,826.02
16 JTO title=JTO 4.14 69,105,948.37
17 XVG title=XVG <0.01 64,160,423.00
18 BONK title=BONK <0.01 64,009,134.24
19 ARKM title=ARKM 2.77 62,745,184.95
20 AR title=AR 42.12 57,135,290.17
21 FLOKI title=FLOKI <0.01 54,262,810.26
22 TRX title=TRX 0.13 53,657,932.89
23 AVAX title=AVAX 35.57 52,371,019.88
24 MOVR title=MOVR 15.23 47,005,440.19
25 SUI title=SUI 1.05 46,595,270.46
26 PEOPLE title=PEOPLE 0.03 44,965,414.87
27 ICP title=ICP 12.30 43,184,791.21

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 AS Roma Fan Token title=ASR 3.90 +21.69
2 Verge title=XVG <0.01 +19.03
3 UMA title=UMA 3.77 +15.55
4 TrueFi title=TRU 0.13 +11.27
5 Arkham title=ARKM 2.77 +11.25
6 NFPrompt title=NFP 0.51 +10.42
7 THORChain title=RUNE 6.48 +10.35
8 GMX title=GMX 27.81 +9.53
9 Sushi title=SUSHI 1.14 +9.27
10 LeverFi title=LEVER <0.01 +9.14
11 dogwifhat title=WIF 3.17 +9.04
12 Celer Network title=CELR 0.03 +8.62
13 Fantom title=FTM 0.72 +7.78
14 Immutable title=IMX 2.23 +7.55
15 Bounce title=AUCTION 18.54 +7.42
16 Highstreet title=HIGH 4.66 +7.40
17 Sleepless AI title=AI 1.16 +7.39
18 iExec RLC title=RLC 3.33 +7.39
19 Tensor title=TNSR 0.85 +7.21
20 Worldcoin title=WLD 5.86 +6.94
21 BOOK OF MEME title=BOME 0.01 +6.93
22 IQ title=IQ 0.01 +6.57
23 Raydium title=RAY 1.76 +6.47
24 Civic title=CVC 0.17 +6.38
25 Harmony title=ONE 0.02 +6.26
26 Portal title=PORTAL 0.82 +6.23
27 Solana title=SOL 152.80 +6.16
28 Celo title=CELO 0.86 +6.08
29 Qtum title=QTUM 3.76 +5.77
30 Frax Share title=FXS 4.48 +5.69

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Beta Finance title=BETA 0.07 -3.63
2 Wanchain title=WAN 0.26 -3.53
3 Quickswap [OLD] title=QUICK 0.06 -3.41
4 Lisk title=LSK 1.97 -3.25
5 BinaryX title=BNX 0.93 -3.15
6 Voyager title=VGX 0.09 -2.63
7 Tokocrypto title=TKO 0.43 -2.62
8 Bella Protocol title=BEL 0.88 -2.51
9 Atletico Madrid Fan Token title=ATM 3.08 -2.50
10 SafePal title=SFP 0.77 -2.27
11 PIVX title=PIVX 0.35 -2.20
12 Firo title=FIRO 1.58 -2.11
13 Cosmos Hub title=ATOM 9.10 -1.41
14 Viction title=VIC 0.52 -1.40
15 FUNToken title=FUN <0.01 -1.29
16 Ethernity Chain title=ERN 4.95 -1.28
17 Bittensor title=TAO 394.70 -1.25
18 MANTRA title=OM 0.73 -1.06
19 Rocket Pool title=RPL 20.10 -0.99
20 Mandala Exchange title=MDX 0.06 -0.90
21 SSV Network title=SSV 43.16 -0.87
22 XRP title=XRP 0.52 -0.86
23 ConstitutionDAO title=PEOPLE 0.03 -0.86
24 ForTube title=FOR 0.02 -0.85
25 Venus title=XVS 9.63 -0.82
26 Kadena title=KDA 0.83 -0.72
27 Keep3rV1 title=KP3R 72.15 -0.69
28 Pendle title=PENDLE 4.65 -0.62
29 Acala title=ACA 0.11 -0.54
30 Komodo title=KMD 0.41 -0.51

Bitcoin's Greed and Fear Index.

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66
Greed

Global CryptoCurrency News

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at news day date time
1 FOMC Member Bowman Speaks Friday 10-05-2024 14:00
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4 Mortgage Delinquencies Friday 10-05-2024 15:00
5 FOMC Member Barr Speaks Friday 10-05-2024 18:30
6 Federal Budget Balance Friday 10-05-2024 19:00

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