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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.
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There are 10,000 unique CryptoPunks (6,039 male and 3,840 female[clarification needed]). Each one was algorithmically generated through computer code and thus no two characters are exactly alike, with some traits being rarer than others. They were originally released for free and could be claimed by anyone with an Ethereum wallet by paying only "ga...
Flash loan
In October 2021, a single NFT transaction was made for 124,457 Ether (US$532 million at the time of the sale) regarding CryptoPunk #9998, much higher than all previous NFT sales, leading to speculation on social media that this could have been some kind of scam, a security exploit or money laundering. Larva Labs said that the purchase was made with a flash loan where the NFT's owner bought the item from themselves with borrowed money, taking out and repaying the loan within a single blockchai...
Sotheby's 104 CryptoPunks auction
In early 2022, a Sotheby's auction for a single lot of 104 CryptoPunks was announced. The auction took place on 23 February 2022, but its seller (0x650d) changed their mind 23 minutes after the auction began and decided to withdraw the auction to keep the whole lot.
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What is a non fungible token (NFT)?
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List of most expensive non-fungible tokens. This is a list of the highest known prices possibly paid for non-fungible tokens (NFTs) representing digital assets. Background. Monetization of digital assets as NFTs became possible with the release of Etheria, on the Ethereum blockchain, in 2015. [1] . From late 2017, the NFT market grew quickly. [2] .
In December 2021, Monkey Kingdom, a NFT project based in Hong Kong, lost US$1.3 million worth of cryptocurrencies via a phishing link used by the hacker. On November 2, 2023, Sam Bankman-Fried was pronounced guilty on seven counts of fraud related to .
The need for internal audits to provide effective oversight of organizational efficiency will require a change in the way that information is accessed in new formats.[177] Blockchain adoption requires a framework to identify the risk of exposure associated with transactions using blockchain. The Institute of Internal Auditors has identified ...
Discord is an instant messaging and VoIP social platform which allows communication through voice calls, video calls, text messaging, and media and files. Communication can be private or take place in virtual communities called "servers".[note 2] A server is a collection of persistent chat rooms and voice channels which can be accessed via ...
