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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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NFT Leads the New Era of Digital Assets: In-depth Analysis of Uniqueness and Application Prospects
NFT: A Unique Digital Asset Innovation
Recently, a digital artwork named "CryptoPunk 2890" was sold for 800 Ethereum, approximately $1.55 million, setting a new historical record. This news has once again drawn people's attention to the non-fungible token (NFT).
NFT stands for Non-fungible Token, which is a type of blockchain asset that contrasts with fungible tokens like (FT). The biggest feature of NFTs is their uniqueness and indivisibility, making them very suitable for corresponding to unique assets in the real world. Each NFT contains unique identification information recorded in its contract, so it cannot be directly replaced or exchanged equivalently with other tokens.
Unlike divisible and interchangeable FT assets such as ETH, NFTs are unique, just like there are no two completely identical leaves in the world. This uniqueness is guaranteed by the blockchain network. As long as the blockchain network ( that issues the NFT, such as Ethereum ), remains secure, the attributes of the NFT asset are determined and cannot be tampered with or erased.
Due to their unique properties, NFTs are widely used in various fields, including gaming, artwork, collectibles, domain names, virtual assets, identity features, digital music, and digital certificates. Currently, well-known NFT projects in the industry include CryptoKitties, LAND, NBA Top Shot, and Hashmasks.
In terms of technical standards, ERC-721 is one of the most widely used NFT standards today. It originated from the EIP-721 proposal introduced at the end of 2017 and is the first standard for non-fungible tokens on the Ethereum network. The ERC-721 standard was created and released by Dieter Shirley, the CTO of the CryptoKitties project, who is also considered one of the pioneers of the NFT industry.
Although the application cases of ERC-721 are fewer than those of ERC-20, significant progress has been made in the NFT field over the past two years. Recently, Christie's auction house in the UK announced that it would accept Ethereum for the auction of artist Beeple's NFT works for the first time, marking the entry of NFT assets into the mainstream investment market.
As the asset form that best meets the requirements of value internet technology in the Web 3.0 era, NFTs are expected to be widely applied in more fields beyond blockchain in the future. With technological advancements and market maturity, we can anticipate that NFTs will play an increasingly important role in the digital economy, bringing new possibilities for asset management, copyright protection, and value transfer.