Report post

What are NFT collections?

An NFT collection is an assortment of digital assets released by an artist (or group of artists) containing a limited number of individual NFTs. Typically, most NFT collections consist of numerous NFTs that all conform to the same artistic style, with slight variations across each individual token.

What is NFT cryptopunks?

The NFT collection CryptoPunks was a project that initially prohibited owners of its NFTs from using the associated digital artwork for commercial use, but later allowed such use upon acquisition by the collection's parent company. The first known "NFT", Quantum, was created by Kevin McCoy and Anil Dash in May 2014.

Who created 'NFT'?

The first known "NFT", Quantum, was created by Kevin McCoy and Anil Dash in May 2014. It consists of a video clip made by McCoy's wife, Jennifer. McCoy registered the video on the Namecoin blockchain and sold it to Dash for $4, during a live presentation for the Seven on Seven conferences at the New Museum in New York City.

Why were 20 NFTS published instead of the original NFTS?

In June 2022, 20 NFTs with his likeness were published instead of the originally planned NFTs of his DNA due to the market conditions at the time. Despite mixed reactions, the project is considered to be part of an effort to use the genetic data of 15,000 individuals to support genetic research.

The World's Leading Crypto Trading Platform

Get my welcome gifts