\n
Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n
Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n
Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Joint Photographic Experts Group (JPEGs) are a standard image format for containing lossy and compressed image data. The ability for photos to be compressed make it a standard across much of the internet, being quick and easy to send back and forth between various devices.<\/p>\n\n\n\n Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Joint Photographic Experts Group (JPEGs) are a standard image format for containing lossy and compressed image data. The ability for photos to be compressed make it a standard across much of the internet, being quick and easy to send back and forth between various devices.<\/p>\n\n\n\n Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Non-Fungible Tokens (NFTs<\/a>) are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. In a direct comparison, NFTs cannot be traded like cryptocurrencies despite being based on a blockchain. NFTs cannot be guaranteed to trade for the amount they're bought for.<\/p>\n\n\n\n Joint Photographic Experts Group (JPEGs) are a standard image format for containing lossy and compressed image data. The ability for photos to be compressed make it a standard across much of the internet, being quick and easy to send back and forth between various devices.<\/p>\n\n\n\n Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Non-Fungible Tokens (NFTs<\/a>) are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. In a direct comparison, NFTs cannot be traded like cryptocurrencies despite being based on a blockchain. NFTs cannot be guaranteed to trade for the amount they're bought for.<\/p>\n\n\n\n Joint Photographic Experts Group (JPEGs) are a standard image format for containing lossy and compressed image data. The ability for photos to be compressed make it a standard across much of the internet, being quick and easy to send back and forth between various devices.<\/p>\n\n\n\n Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"Decentralized Society: Finding Web3\u2019s Soul\", a whitepaper<\/a> co-written by Vitalik Buterin describes that SBTs are a key part to create a decentralized society. Fellow co-author of the whitepaper, Glen Weyl predicts<\/a> that SBTs will be available for early use by the end of 2022.<\/p>\n","post_title":"Soulbound Tokens (SBTs)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"soulbound-tokens","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/zk-snark\/\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2022-07-04 21:18:24","post_modified_gmt":"2022-07-04 11:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1480,"post_author":"1","post_date":"2021-10-24 18:54:27","post_date_gmt":"2021-10-24 07:54:27","post_content":"\n Non-Fungible Tokens (NFTs<\/a>) are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. In a direct comparison, NFTs cannot be traded like cryptocurrencies despite being based on a blockchain. NFTs cannot be guaranteed to trade for the amount they're bought for.<\/p>\n\n\n\n Joint Photographic Experts Group (JPEGs) are a standard image format for containing lossy and compressed image data. The ability for photos to be compressed make it a standard across much of the internet, being quick and easy to send back and forth between various devices.<\/p>\n\n\n\n Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"Decentralized Society: Finding Web3\u2019s Soul\", a whitepaper<\/a> co-written by Vitalik Buterin describes that SBTs are a key part to create a decentralized society. Fellow co-author of the whitepaper, Glen Weyl predicts<\/a> that SBTs will be available for early use by the end of 2022.<\/p>\n","post_title":"Soulbound Tokens (SBTs)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"soulbound-tokens","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/zk-snark\/\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2022-07-04 21:18:24","post_modified_gmt":"2022-07-04 11:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1480,"post_author":"1","post_date":"2021-10-24 18:54:27","post_date_gmt":"2021-10-24 07:54:27","post_content":"\n Non-Fungible Tokens (NFTs<\/a>) are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. In a direct comparison, NFTs cannot be traded like cryptocurrencies despite being based on a blockchain. NFTs cannot be guaranteed to trade for the amount they're bought for.<\/p>\n\n\n\n Joint Photographic Experts Group (JPEGs) are a standard image format for containing lossy and compressed image data. The ability for photos to be compressed make it a standard across much of the internet, being quick and easy to send back and forth between various devices.<\/p>\n\n\n\n Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"Decentralized Society: Finding Web3\u2019s Soul\", a whitepaper<\/a> co-written by Vitalik Buterin describes that SBTs are a key part to create a decentralized society. Fellow co-author of the whitepaper, Glen Weyl predicts<\/a> that SBTs will be available for early use by the end of 2022.<\/p>\n","post_title":"Soulbound Tokens (SBTs)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"soulbound-tokens","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/zk-snark\/\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2022-07-04 21:18:24","post_modified_gmt":"2022-07-04 11:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1480,"post_author":"1","post_date":"2021-10-24 18:54:27","post_date_gmt":"2021-10-24 07:54:27","post_content":"\n Non-Fungible Tokens (NFTs<\/a>) are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. In a direct comparison, NFTs cannot be traded like cryptocurrencies despite being based on a blockchain. NFTs cannot be guaranteed to trade for the amount they're bought for.<\/p>\n\n\n\n Joint Photographic Experts Group (JPEGs) are a standard image format for containing lossy and compressed image data. The ability for photos to be compressed make it a standard across much of the internet, being quick and easy to send back and forth between various devices.<\/p>\n\n\n\n Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Although this method distributes the points of failure, recovery is still dependent on \"curating and maintaining trusted relationships with a majority of guardians.\"<\/p>\n\n\n\n \"Decentralized Society: Finding Web3\u2019s Soul\", a whitepaper<\/a> co-written by Vitalik Buterin describes that SBTs are a key part to create a decentralized society. Fellow co-author of the whitepaper, Glen Weyl predicts<\/a> that SBTs will be available for early use by the end of 2022.<\/p>\n","post_title":"Soulbound Tokens (SBTs)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"soulbound-tokens","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/zk-snark\/\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2022-07-04 21:18:24","post_modified_gmt":"2022-07-04 11:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1480,"post_author":"1","post_date":"2021-10-24 18:54:27","post_date_gmt":"2021-10-24 07:54:27","post_content":"\n Non-Fungible Tokens (NFTs<\/a>) are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. In a direct comparison, NFTs cannot be traded like cryptocurrencies despite being based on a blockchain. NFTs cannot be guaranteed to trade for the amount they're bought for.<\/p>\n\n\n\n Joint Photographic Experts Group (JPEGs) are a standard image format for containing lossy and compressed image data. The ability for photos to be compressed make it a standard across much of the internet, being quick and easy to send back and forth between various devices.<\/p>\n\n\n\n Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like Etherscan<\/a>.<\/p>\n\n\n\n Minting is the process of adding your NFT to a blockchain, a public ledger<\/a> that is tamper-proof and is where you can verify the owners of various NFTs.<\/p>\n\n\n\n When you buy an NFT from somewhere like Opensea<\/a>, the artist mints the NFT before listing it for sale. This allows you to verify the legitimacy of it on the same page you will buy from.<\/p>\n","post_title":"NFTs vs JPEGs: Digital Scarcity And Screenshots","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nfts-vs-jpegs","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nft-essentials-the-erc-721-standard\/\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-06-29 23:12:28","post_modified_gmt":"2022-06-29 13:12:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Users would be able to minister a set of \"guardians\" such as close friends, family, other wallets or institutions who could authenticate the owner of the Soul. ((E. Glen Weyl, Puja Ohlhaver, Vitalik Buterin - Decentralized Society: Finding Web3\u2019s Soul<\/a> - Page 6))This would allow guardians, through a majority, to change the keys of the wallet, although retaining a high number of guardians from various social circles to avoid conspiracy is a necessity.((E. Glen Weyl, Puja Ohlhaver, Vitalik Buterin - Decentralized Society: Finding Web3\u2019s Soul<\/a> - Page 6))<\/p>\n\n\n\n Although this method distributes the points of failure, recovery is still dependent on \"curating and maintaining trusted relationships with a majority of guardians.\"<\/p>\n\n\n\n \"Decentralized Society: Finding Web3\u2019s Soul\", a whitepaper<\/a> co-written by Vitalik Buterin describes that SBTs are a key part to create a decentralized society. Fellow co-author of the whitepaper, Glen Weyl predicts<\/a> that SBTs will be available for early use by the end of 2022.<\/p>\n","post_title":"Soulbound Tokens (SBTs)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"soulbound-tokens","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/zk-snark\/\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2022-07-04 21:18:24","post_modified_gmt":"2022-07-04 11:18:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1480,"post_author":"1","post_date":"2021-10-24 18:54:27","post_date_gmt":"2021-10-24 07:54:27","post_content":"\n Non-Fungible Tokens (NFTs<\/a>) are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. In a direct comparison, NFTs cannot be traded like cryptocurrencies despite being based on a blockchain. NFTs cannot be guaranteed to trade for the amount they're bought for.<\/p>\n\n\n\n Joint Photographic Experts Group (JPEGs) are a standard image format for containing lossy and compressed image data. The ability for photos to be compressed make it a standard across much of the internet, being quick and easy to send back and forth between various devices.<\/p>\n\n\n\n Naturally, when something is screenshotted on the internet it takes the form of a JPEG. Although you can screenshot an NFT, this doesn\u2019t make you the owner of it, nor does a screenshot have any value. NFTs are more than the image, it is ownership of the image. <\/p>\n\n\n\n This is because NFTs are generally Ethereum ERC-721<\/a> tokens or the equivalent for a separate blockchain. ERC-721<\/a> tokens are digital assets based on a blockchain and are linked with distinctive codes and metadata to separate them from other tokens on the blockchain. <\/p>\n\n\n\n ERC-721 implements an API for smart contracts<\/a>\u00a0allowing for defining features in an asset to be preserved. This feature would allow for the transfer of NFTs while being able to trace them back to their original smart contract address to ensure their legitimacy.<\/p>\n\n\n\n These types of tokens can be used to create unique artworks, memorabilia, trading cards, and tickets for certain events. So if you were to screenshot an NFT of a ticket to a sporting event and cannot prove that you have an original copy by tracing it back through the blockchain, you will not gain access to the event.<\/p>\n\n\n\n Every NFT is different, and these differences are what value one art piece more than another. The digital scarcity of an NFT is what drives a majority of its value. In the NFTs vs JPEGs debate, NFTs can retain value over time due to certain assets linked to the NFT, JPEGs will always be just the picture.<\/p>\n\n\n\n You may see some NFTs from the same collection sell for millions and some for thousands, this is due to the rarity of assets linked to the NFT. Certain NFTs have rare attributes, the rarer the attribute the rarer the NFT, much like trading cards where the better characters are harder to find and more sought after.<\/p>\n\n\n\n While NFTs themselves hold a lot of value, NFTs can offer more than just the art piece you buy. One of the most popular NFT collections, Bored Ape Yacht Club<\/a>, gives access to their Miami Clubhouse, only to owners of their NFT. NFTs are sometimes more than just art, they can be one way to expand your network. With celebrities being a part of these networks a couple hundred thousand for access to these people may seem worth the price to certain investors.<\/p>\n\n\n\n Despite a screenshot of NFT being worthless, JPEGs can actually be minted as NFTs.<\/p>\n\n\n\n Most artwork NFTs start off as JPEGs anyways and those have no actual value. So once you convert a JPEG to an NFT by linking it to an ERC-721 NFT Contract it will then 'gain value'.<\/p>\n\n\n\n But if you were to screenshot an NFT and then upload it back onto the blockchain under your own ERC-721 NFT Contract, users will be able to compare the contract linked back to the NFT and see that it isn't the official contract. You can find the verified contracts of certain NFT projects using a site like
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What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
ADVERTISEMENT
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
ADVERTISEMENT
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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NFTs vs JPEGs: The Screenshot Debate<\/h2>\n\n\n\n
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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NFTs vs JPEGs: The Screenshot Debate<\/h2>\n\n\n\n
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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What Is A JPEG?<\/h2>\n\n\n\n
NFTs vs JPEGs: The Screenshot Debate<\/h2>\n\n\n\n
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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What Is A JPEG?<\/h2>\n\n\n\n
NFTs vs JPEGs: The Screenshot Debate<\/h2>\n\n\n\n
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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What Is An NFT?<\/h2>\n\n\n\n
What Is A JPEG?<\/h2>\n\n\n\n
NFTs vs JPEGs: The Screenshot Debate<\/h2>\n\n\n\n
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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What Is An NFT?<\/h2>\n\n\n\n
What Is A JPEG?<\/h2>\n\n\n\n
NFTs vs JPEGs: The Screenshot Debate<\/h2>\n\n\n\n
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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When Will SBTs Be Available?<\/h2>\n\n\n\n
What Is An NFT?<\/h2>\n\n\n\n
What Is A JPEG?<\/h2>\n\n\n\n
NFTs vs JPEGs: The Screenshot Debate<\/h2>\n\n\n\n
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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![\"Social](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/07\/social-recovery-vs-sbt-community-recovery.png\")
When Will SBTs Be Available?<\/h2>\n\n\n\n
What Is An NFT?<\/h2>\n\n\n\n
What Is A JPEG?<\/h2>\n\n\n\n
NFTs vs JPEGs: The Screenshot Debate<\/h2>\n\n\n\n
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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When Will SBTs Be Available?<\/h2>\n\n\n\n
What Is An NFT?<\/h2>\n\n\n\n
What Is A JPEG?<\/h2>\n\n\n\n
NFTs vs JPEGs: The Screenshot Debate<\/h2>\n\n\n\n
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n
What Does Minting Your NFT Mean?<\/h2>\n\n\n\n
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When Will SBTs Be Available?<\/h2>\n\n\n\n
What Is An NFT?<\/h2>\n\n\n\n
What Is A JPEG?<\/h2>\n\n\n\n
NFTs vs JPEGs: The Screenshot Debate<\/h2>\n\n\n\n
Are NFTs Just Pictures?<\/h2>\n\n\n\n
Can JPEGs Be NFTs?<\/h3>\n\n\n\n