The “popular king” NFT in the currency circle today counts the “debut history” and security issues of the “popular demon star”

HOT TALK

American pop singer Katy Perry will release NFT;

Tao Zhe and iBox release the godfather music NFT in Chinese music;

NBA legend Iverson announced the sale of his first NFT product;

Marilyn Monroe’s legacy will be “eternalized” through the NFT art auction;

Audi announced that it will cooperate with xNFT and others to release NFT…

From the sky-high encrypted artwork NFT to the huge digital star card NFT, star NFT, to the endless variety of meta-universe game characters NFT, we will always see the keyword NFT from major media information platforms .

Currently NFT is still running wild, fans can’t wait to buy their favorite celebrity NFT. So what is it? What are the effects of purchasing? How safe is it? Perhaps we can learn more about this “popular demon star”.

Today, we are going to take stock of the “brief history” of the popular king , as well as some of its value and safety. After all, to “chasing stars” now, we still have to find a reliable one!

The "popular king" NFT in the currency circle today counts the "debut history" and security issues of the "popular demon star"

How did NFT become the “popular king” in the currency circle? 

NFT, the full name in English is Non-Fungible Token , also called non -fungible token , a type of digital cryptocurrency .

We are familiar with Bitcoin, but Bitcoin is a homogenized token. On the blockchain, one Bitcoin can be exchanged with another Bitcoin, which is called “homogenization”. For another example, if you have a 10 yuan bill, I can change you another 10 yuan bill, and the effect is the same.

But NFT is different. Although it is also recorded on the distributed account of the blockchain, each NFT is unique and irreplaceable.

The "popular king" NFT in the currency circle today counts the "debut history" and security issues of the "popular demon star"

On its “debut history”, in fact, in 2012, when the first one was born a similar token of the NFT – Bitcoin 2.X (also known as colored coins, colored coins). Since then, NFT growing, dating back to 2016 Counterparty.io launched Rare Pepe Directory Project and the 2017 John Watkinson and Matt Hall launched CryptoPunks pixel portrait project . 

But the real boom NFT field began in late 2017, early 2018 Ethernet Square boom launched CryptoKitties, causing people concern about the surge NFT activities.

The "popular king" NFT in the currency circle today counts the "debut history" and security issues of the "popular demon star"

When the market collapsed in 2018, people’s interest in NFTs also diminished or even stagnated. At the end of 2020, NFTs will recover again.

Until now, NFT has once become the most popular project, so there are also such sayings as “everything can be NFT” and “everyone can be a collector” .

The "popular king" NFT in the currency circle today counts the "debut history" and security issues of the "popular demon star"

NFT can be anything digital: sounds, images, a piece of text, a prop in a game, and so on. Although most of them are digital art, they are full of more possibilities. For example, a 12-year-old boy recently sold an NFT series inspired by stock photos of 8 blue whales and earned more than $160,000.

But the real value of NFT is those things that have been given “uniqueness”, and then produce “artistic” and “transaction value”.

The "popular king" NFT in the currency circle today counts the "debut history" and security issues of the "popular demon star"

Why is everyone keen on NFT collection?

Traditional works of art such as paintings are valuable because they are unique. But digital files can be copied easily and endlessly.

Through NFT, artworks can be “tokenized”, which is equivalent to creating a digital ownership certificate that can be bought and sold. Like cryptocurrency, NFT is also stored and recorded on the shared ledger of the blockchain.

The "popular king" NFT in the currency circle today counts the "debut history" and security issues of the "popular demon star"

Digital art is an early use case of NFT, because blockchain technology can ensure the unique signature and ownership of NFT. For NFT art, this means that the ownership of the artwork— whether it’s a painting, a song, a video, or something else—is uploaded to the blockchain, where it can be tracked, transferred, and bought and sold.

The "popular king" NFT in the currency circle today counts the "debut history" and security issues of the "popular demon star"

Therefore, all kinds of artists and celebrities are keen to issue their own NFTs, and fans are also the payers of these NFTs.

Of course, how to avoid those worthless NFT artworks? Here are a few tips: you must buy projects that already have a certain strong consensus and value, and stay away from excessively hyped NFT art projects; in addition, you must buy the NFT works you like. Don’t say anything, buy some worthless but you don’t like it. the NFT .

The "popular king" NFT in the currency circle today counts the "debut history" and security issues of the "popular demon star"

 “Popular Demon Star” NFT is also at risk?

Risks exist in every corner of the frontier.

Security incidents of the current hot NFT still occur from time to time.

For example, in March of this year, the attacker hacked into multiple Nifty Gateway NFT user accounts. The attacker can transfer the previously purchased NFT from the user account, and can also use the payment card archived by the user to purchase a new NFT and then transfer it to a large number of users. Cause losses.

Here, Chengdu Lianan reminds major project parties to pay attention to the problems and loopholes in the smart contract source code, and if necessary, they can be audited by a professional security company.

The "popular king" NFT in the currency circle today counts the "debut history" and security issues of the "popular demon star"

Now, we have discovered that the NFT ecosystem seems to have encountered another common problem in the cryptocurrency industry- fraud.

This is a commonplace question. Where there are benefits, liars will go. We have summarized a few scams related to NFT, and everyone needs to be vigilant.

1. Fake NFT store (phishing website)

Scammers copy popular NFT retail websites. These websites look exactly the same as the original websites. Such websites will obtain the user’s account and bank card information to form a fraud. Of course, there are also some so-called NFT stores, which are just empty shells, where they sell products that do not exist at all to users.

2. Counterfeit artists sell NFTs

Because some project parties have not been authorized by artists or celebrities, such as famous paintings or songs, they will fake artists and fake NFTs. Users need to be cautious in buying or bidding, because there is no authorized NFT, in fact, there is no collection value, and it is not recognized. Of.

3. Social media scam:

Scammers conduct frauds in encrypted communities or social media Twitter, Telegram, WeChat groups, QQ groups, etc. For example, they will pretend to be a customer service, or answer your questions to gain trust, and finally they will routine you. 

4. Giveaway/Airdrop

False NFT is a counterfeit, and the fake limited amount is really added. Since the content carrier of NFT is public, counterfeiting is basically costless, leading to constant counterfeiters.

The "popular king" NFT in the currency circle today counts the "debut history" and security issues of the "popular demon star"

Write at the end

As the hot “fan harvester” of the moment, NFT has attracted more and more attention from the public. Of course, the birth of new things is often controversial. For example, whether the sky-high NFT is a hype or a bubble is still being debated. But what we can know is that the current popular NFT is creating more records.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/the-popular-king-nft-in-the-currency-circle-today-counts-the-debut-history-and-security-issues-of-the-popular-demon-star/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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