If you seek for a picture on the web, there’s a great likelihood that you just’ll discover a number of copies of it used on quite a lot of web sites. This is as a result of with digital artwork, it’s not troublesome to avoid wasting a picture to your laptop and reupload it. Short of crediting the creator or putting a watermark, generally it may be troublesome to find out who owns it.
This is an issue NFTs attempt to resolve, by creating digital gadgets the place possession may be verified by utilizing blockchain expertise, the identical tech behind cryptocurrency. This has led to quite a lot of digital artworks being offered as NFTs which permit folks to assert digital possession over a picture, however have we gone a bit too far?
We ask that as a result of based on a report from Hypebeast, somebody really paid a whopping $650,000 for an NFT yacht known as The Metaflower Super Mega Yacht. The NFT was purchased for 149 ETH, which primarily based on its present worth is price round $650,000 in real-life cash. The yacht is an NFT asset a part of The Sandbox, which is a metaverse recreation by which consists of 100 personal islands which have been offered to patrons much like how you’ll purchase a bit of property or land in real-life.
It is a reasonably insane factor to consider how individuals are spending over half 1,000,000 {dollars} on what is actually an in-game merchandise. If you’re questioning what a $650,000 NFT yacht seems to be like, you possibly can take a look at the video above.
Filed in . Read extra about Cryptocurrency. Source: hypebeast
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