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Summary In conclusion, although we have seen promising signs of life within the NFT space, there is still a long way to go before this novel application of blockchain technology reaches mass adoption. The technology has definitely come a long way since its inception in 2012, but it will undoubtedly take some more time before it is proven that NFTs are more than just an ultra-niche sector for early adopters to play in. Key Takeaways Non-fungible tokens combine the best traits of decentralized blockchain technology with non-fungible assets to create provably unique, provably scarce, and provably authentic tokens utilizing blockchain technology. NFTs are applicable in a wide range of use cases, including: collectibles, gaming, art, virtual assets, tokenizing real world assets. They also allow for a flexible way to store, control, and protect the information related to one’s identity. Non-fungible tokens have had a long history, since 2012 with the introduction of colored coins built on the Bitcoin network. Since then, NFTs have primarily moved to Ethereum, where non-fungible token standards such as ERC-721 and ERC-1155 can be minted and traded easily and seamlessly. The first NFT collectibles that really took off in popularity were Rare Pepes. This was followed by CryptoPunks, and then arguably the most successful and well-known NFT project ever, CryptoKitties. During the Ethereum boom of late 2017 and early 2018, NFT activity in CryptoKitties drove a huge spike in activity. When the market crashed in 2018, however, interest in NFTs was also impacted and stagnated until late 2020, when NFTs saw a resurgence. Despite this, the adoption of NFTs is still low relative to the tens of millions of people who own cryptocurrencies worldwide. The roadblocks preventing mass adoption of NFTs are: inaccessibility, the newness of the technology, the volatility of transaction fees, difficulty to link real- world assets to NFTs, and regulation. Crypto.com 16 16PDF Image | Crypto Com NFT Brief Introduction and History
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NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
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NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
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