Wednesday, February 28Welcome to Cryptolifedigital

Tag: Non fungible Tokens (NFT)

Relationship Between Ethereum And NFTs
Crypto Guides

Relationship Between Ethereum And NFTs

Ethereum is the most widely used blockchain platform for the creation and trading of non-fungible tokens (NFTs). NFTs have become increasingly popular in recent years, with the market for NFTs reaching over $2 billion in the first quarter of 2021. Ethereum's smart contract functionality, security, and community make it the ideal platform for NFTs. In this article, we'll explore why Ethereum is paramount for NFTs. Smart Contract Functionality Ethereum's smart contract functionality is one of the key reasons why it is the preferred platform for NFTs. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts on Ethereum allow developers to create NFTs that are programmable, meaning they ca...
A-19 Years Old Transgender teen artist Made $50 Million From The Sales Of His NFTs
Blockchain

A-19 Years Old Transgender teen artist Made $50 Million From The Sales Of His NFTs

Victor Langlois, a transgender teen artist, has made up to $50 million in little over a year from the sales of his NFTs, as stated by  NBC News. Since his story first made it to the headlines in June 2021 after his physical artworks and NFTs sales gave him the sum of $2.16 million at Christie’s auction house in New York, he has been able to garner even more attention and generated millions of dollars in NFT sales. The collection, which explored his childhood and gender transition is termed  “Hello, I’m Victor (FEWOCiOUS) and This Is My Life.” As stated in April 2022 by  Fortune, Langois, who is also known as FEWOCiOUS, made sales of almost $20 million of his digital artwork within 24 hours. As stated by the report, the whopping sale was the ...