created as standardized tokens that can be fungibly shared or exchanged for other tokens. This led to the creation of ERC-721 and ERC-1155. ERC-721’s framework was first built as the standard for non-fungible tokens on the Ethereum blockchain by storing unique identifiers for every token to track ownership and movements of the tokens. Cryptopunks
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Preview and Download !standard by Enjin, which supports non-fungible tokens (NFTs) and fungible tokens. It improves upon the ERC-721 standard by making the NFTs faster and more efficient to use in batch transfers. According to some estimates, gas fees are cut by 90%. NFTs exist on a blockchain, which is a distributed ledger that records transactions.
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Preview and Download !Non-fungible tokens have been around for a long time. After Bitcoin was founded in 2009 and the initial hike and hype in token types such as Litecoin, Ripple, and so on, many people were looking to innovate on blockchain technology to create newer, more powerful tokens. In this section, we present a walkthrough on the brief history of NFTs.
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Preview and Download !Fungible comes from a Latin phrase meaning “to serve in place of” and that’s what something that’s fungible does: serves in place of what it’s exchanged for. A common example is lending someone $20.00 which is paid back with a $10.00 bill and two $5.00 bills which is the same amount. In contrast, when people own non-fungible tokens ...
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Preview and Download !NON-FUNGIBLE TOKENS HEAAADERLOGORIGHT 2 Vocabulary focus Part A: Match words with the correct definitions. 1. bubble (n) a. a digital currency such as Bitcoin 2. tout (v) b. a good or lucky situation that is unlikely to last for a long time 3. crypto-currency (n) c. an object that you can pay for something with or exchange for real money
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Preview and Download !NON-FUNGIBLE TOKENS HEAAADERLOGORIGHT 2 Vocabulary focus Part A: Match words with the correct definitions. 1. bubble (n) a. a digital currency such as Bitcoin 2. tout (v) b. a good or lucky situation that is unlikely to last for a long time 3. crypto-currency (n) c. an object that you can pay for something with or exchange for real money
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Preview and Download !NON-FUNGIBLE TOKENS 2 NON-FUNGIBLE TOKENS (NFTS) ARE ONE OF THE HOTTEST TRENDS OF 2021. N. FT’s. represent a disruptive technol-ogy and a paradigm shift in the way humans verify authenticity in a digi-tal age. New forms of creatorship, ownership and renumeration are already emerging and unlocking huge opportunities.
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Preview and Download !NON-FUNGIBLE TOKENS HEAAADERLOGORIGHT 2 Vocabulary focus Part A: Match words with the correct definitions. 1. bubble (n) a. a digital currency such as Bitcoin 2. tout (v) b. a good or lucky situation that is unlikely to last for a long time 3. crypto-currency (n) c. an object that you can pay for something with or exchange for real money
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