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I added a section about an additional Banksy NFT that received extensive coverage in the BBC, Bitcoinist, LA Weekly, etc, etc, but another editor reverted the changes as they said the page isn't supposed to be listing every NFT project. I agree with that sentiment, however still feel that the addition of the paragraph is warranted as the BBC reference gives NFTs some much needed support by a serious organization. Anyway, I paste my edit below for your reference and discussion. If you feel it should be included into the page proper, please feel free to include it.
In November 2021, Arts Media company Gloss [1] created and listed for auction on Opensea a NFT "inspired by" Banksy's original work titled Warning Sign, 2006. [2] Gloss said that the Banksy Warning Sign NFT was created to commemorate the lives lost in the September 11 attacks, and pledged to donate money from the sale to the New York City Fire Department Foundation, who represent the first responders on 9/11. [3] [4] [5] The Banksy Warning Sign NFT also gave the owner a 5% equity share in the original artwork, which Gloss described as being a "world-first" offering in the NFT space. [6]— Preceding unsigned comment added by Knightingales ( talk • contribs) 17:03, 29 November 2021 (UTC)
References
Hi @ JBchrch:! Thanks for your feedback. Just saw that 2 more high quality source articles have been published since we last talked: https://finance.yahoo.com/news/gloss-creates-controversial-banksy-nft-060000193.html https://nftevening.com/bansky-inspired-nft-warning-sign-raises-money-for-victims-of-9-11/ There are several others but as Onoitsjamie pointed out above, those are more press release type articles. Is this enough to have my short piece re-inserted into the page? Thanks in advance Knightingales ( talk)
Many high-profile NFTs that are listed in the article, including NFTs regarding musical or film works, make no attempt to transfer any ownership rights of the underlying work at all. They are instead collectables or tokens that only enjoy a tenuous association with the underlying works, most usually created for a promotional purpose, that are purchased because of a popular interest in the underlying work rather than an attempt at gaining ownership. A fair comparison is baseball cards, as a Lou Gehrig baseball card does not attempt to confer any kind of ownership over Lou Gehrig, but it derives value in having close association with the guy. NFTs popularly sell this "association," but it is only articulated in the article as a misleading "proof of ownership." This non-ownership use of NFTs is not yet adequately explained in the article, even though it is mentioned many times (very obviously seen in the "Film" subsection under "Uses").
This may be one missing component in deflating the puffery and cutting out the excess unimportant factoids. These "baseball card" NFTs may not be important to mention at all, as they usually don't have much significance to the underlying work. The articles on famous sportsball players never bother including what kind of collectable cards the players are in. Why should NFTs be any different? If there are no objections, I will pursue making edits to clarify this less impactful use of NFTs. Mewnst ( talk) 17:14, 3 December 2021 (UTC)
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Add Loopring as a viable zkRollup Layer2 project. Source: https://loopring.org/#/ 92.236.234.119 ( talk) 12:44, 18 December 2021 (UTC)
Why, in 'Plagiarism and fraud' part of 'Issues and criticisms' section, sentence "artists having their work copied without permission" is in the quotation marks? It's not a quote, it's a fact. It has been proven so later on in this exact article. It's not even a quote from [143] in that section.
I don't think that's what quotation marks are for. 83.28.228.113 ( talk) 05:14, 2 January 2022 (UTC)
I see no mentions of early (pre-crypto days) NFTs. In particular, no mention of Tokenzone, funded in 2000 in NYC by Isaac, Ricardo and Eduardo Arias, which created the very first NFTs for gaming purposes. Disney, Harry Potter and other properties used Tokenzone technology from 2002 to 2009. [1] Stevengarden ( talk) 04:41, 6 January 2022 (UTC)
OpenSea, the first online marketplace for non-fungible tokens was founded by Devin Finzer and Alex Atallah in New York on December 20, 2017. [2] — Preceding unsigned comment added by 2A02:2455:465:9600:DC50:FB09:8611:872F ( talk) 10:16, 21 November 2021 (UTC)
References
Good encyclopedia articles lead with good, clear explanations answering the 6 W's: Who, What, Where, Why, How and When. Not only does this article not accomplish this task in the introduction, but it doesn't accomplish it in the body, either. I am familiar with the ERC-721 non-fungible token standard. I am familiar how blockchain works. I've been involved with networking and information security for 35 years. Reading through this article for the third time, however, I am still not seeing any sort of clear explanation suitable for the general populace of exactly what an NFT is and how it can and/or should be used by your average technically literate person. To quote Dozer from The Matrix, "He still needs a lot of work." Clepsydrae ( talk) 20:32, 2 January 2022 (UTC)
The lead currently states: A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a blockchain
. I don't think "unique" should be there - the piece of data can be uniquely associated with an address, but the metadata itself is not necessarily unique, nor the data the token may be pointing to (see
EIP-721).
BeŻet (
talk)
13:51, 12 January 2022 (UTC)
the piece of data can be uniquely associated with an addressThis is true of any crypto. What makes NFTs special is their "non-fungibility", and "unique" is the MOS:FIRST-compliant plain English way of expressing this characteristic. JBchrch talk 01:01, 16 January 2022 (UTC)
there's no verification at all that the underlying file asset is uniqueWhich is irrelevant, because the first sentence refers to the unit of data recorded on the digital ledger, which, as you say, happens to be unique. The term "non-fungible token" refers to the token, i.e. the sign recorded in the ledger, and that's what we need to define in the first sentence.
One could make thousands of NFTs of an identical picture of their favorite shirt: yes, but each of those NFT would be individuated on the blockchain as a non-fungible token, otherwise it would just be a regular fungible crypto.
There is a dangerous implicit assumption that this "uniqueness" of NFTs is a guarantee, of some form or another, that an NFT is going to represent a unique underlying fileWe do not sell tokens ourselves, so we need not concern ourselves about potential liability. Per WP:RIGHTGREATWRONGS we don't need to save the world, either. We need to be honest and understandable about what non-fungible tokens are, and for this purpose there's no getting around the fact that non-fungible and unique are equivalent terms.
its own unique cryptographic function. NFTs are not functions, they are a form of data stored in a distributed ledger, which have the characteristic of being individualizable. I invoked RGW because I'm reading that this article needs to correct a
popular misconceptionand a
misleading but alluring description, when in fact what is being targeted is actually correct information. The bottom line is that conceptually and definitionally "non-fungible", "non-interchangeable" and "unique" are equivalent, and that "unique" is used in plenty of high-quality sources. I have seen no strong rebuttal to this. JBchrch talk 01:29, 17 January 2022 (UTC)
It fails to properly communicateto
80% of the page for no good reason. JBchrch talk 15:30, 17 January 2022 (UTC)
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Change Curio Cards, to Curio Cards (the first art project on the Ethereum blockchain), 2601:409:8500:3D00:9DE3:FF81:EB43:AE3F ( talk) 17:49, 17 January 2022 (UTC)
Well, can you lift the semi-protection so I can fix the Wikipuffery please? Gabi Salinas ( talk) 20:00, 17 January 2022 (UTC)
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change Curio Cards to Curio Cards 2601:409:8500:3D00:C129:3D87:7A4D:8951 ( talk) 12:10, 19 January 2022 (UTC)
The maintenance template at the top of this article, noting that it “may contain wording that promotes the subject through exaggeration of unnoteworthy facts” has been up since May 2 or so. Can this be taken down, or do people think the article still has these issues associated with it? Dtetta ( talk) 05:45, 23 November 2021 (UTC)
I agree it still has puffery issues.
-"Increased public awareness" as a subheading in history. This is leading the reader towards an understanding that NFTs are already a part of the public consciousness. I think "Rapid growth" is more accurate and more neutral.
-The same problem appears right below this in Uses, like the phrases "High-profile auctions" and "considerable public attention." Uses also lists far too many specific examples of NFTs which have been minted. The section should be trimmed before the puffery label can be removed. tellison11232 ( talk) 18:16, 19 January 2022 (UTC)
Hello there, I'm Gabi. I need to fix possible Wikipuffery on this NFT article, but I can't edit. Can someone else do this for me? I currently have 4 edits and getting started editing on Wikipedia. Gabi Salinas ( talk) 19:59, 17 January 2022 (UTC)
There is a large pool of self NFT promotion methods, one is to use automated bots to do the job, I think it would be a good idea to expand this Wiki entry by adding information about it a showcase of real-world example
https://www.youtube.com/watch?v=bShLx11OhMA
Just a thought, because it's getting more and more popular. — Preceding unsigned comment added by Winele8 ( talk • contribs) 00:09, 21 January 2022 (UTC)
There is a new article today in The Guardian newspaper about the French luxury house Hermès starting legal action against an artist named Mason Rothschild. It says that Mason created NFT tokens of Hermes' Birkin bags without Hermes' permission and that those tokens which were sold to make money for Mason violates the trademark rights of Hermes. Would I be able to or could and editor with permission include this blurb in the Fashion subsection of this page? source: Agence France-Presse (January 22, 2022). "Hermès suing American artist over NFTs inspired by its Birkin bags". www.theguardian.com. Retrieved January 22, 2022. Smellyshirt5 ( talk) 18:30, 22 January 2022 (UTC)
There have been cases of artists having their work sold by others as an NFT, without permission., a sentence currently in the article. A. C. Santacruz ⁂ Please ping me! 22:19, 22 January 2022 (UTC)
I sugget to put also the NFT Scheme: https://it.wikipedia.org/wiki/File:NFT_Non_Fungible_Token_-_Explained.jpg — Preceding unsigned comment added by MarioTaddei ( talk • contribs) 08:18, 25 January 2022 (UTC)
- Blockstars: Blockstars is a deeply social and immersive music management simulation game. Gameplay is based on the real-world passage of time, where each minted Blockstar has its own attributes (talent and personality based on Myers Briggs Framework) that can only be discovered through gameplay. It is being designed and built by a team of veteran game makers, who specialize in emerging technology to embrace the best of what the Solana blockchain enables for gaming: true Play-to-Earn, true ownership of in-game assets, and true ownership stake in the future Roadmap of Blockstar. — Preceding unsigned comment added by FlamencosOnline ( talk • contribs) 19:01, 25 January 2022 (UTC)
Hi. My thread did not get any responses, so I'd like to bring it back to present a source I'd like to have used for the article. The thread in question can be found here, but is also copied below.
== Creator of NFTs owns up to shortcomings ==
I found an article by one of the creators of NFTs explaining how they ended up being, for lack of a better word, a disaster. The article in question will be included via reference. [1] Consider adding this article to the main article? 172.112.210.32 ( talk) 01:57, 19 November 2021 (UTC) |
Thank you. 172.112.210.32 ( talk) 04:50, 20 December 2021 (UTC)
Hi, under Standards in Blockchains > Other Blockchains, I would like to add the blockchain Proton because it also supports NFTs. The websites for Proton NFTs are: protonmint.com and www.protonmarket.com
It's a layer1 blockchain (protonchain.com) same as the others listed there in that section.
Thankyou I look forward to hearing back from you. Martian333 ( talk) 12:23, 3 February 2022 (UTC)
Thanks BeZet for the thoughtful reply. My assumption for inclusion was that they are all Layer1 blockchains, but yes there are certainly others missing from that list, such as RVN for example. Ethereum rightly dominates the section, being the blockchain which the original NFT standard was developed for, but I suppose if other blockchains used the Ethereum NFT standards and NFT standard was the criteria, however other blockchains use other NFT standards, for example Tezos FA2. So if the criteria is a layer1 blockchain which doesn't necessarily use Ethereum NFT standards, in other words a genuine alternative to what Ethereum offers, then it would make sense to keep the list. Martian333 ( talk) 23:39, 3 February 2022 (UTC)
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Remove "and structure of the NFT market to be a ponzi scheme.". No reliable source was provided. That is a personal belief, mostly coming from people with insufficient knowledge about the underlying technology. NFTs are simply data stored on the blockchain. Like every real or virtual object, NTFs value is based on supply and demand and is the price or amount that someone is willing to pay. The ponzi scheme definition simply does not fit either the NFTs market or its structure. Certainly, you can create a ponzi scheme using NFTs, as you can with literally anything; but that does not make the NFTs market a ponzi scheme in itself. The structure of the NFTs market is just like eBay, with the extra functionality of being able to send offers to an item not listed for sale since that is simply public data on the blockchain. GiacomoScudiero ( talk) 00:55, 18 February 2022 (UTC)
{{
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template. It is sources in the article body, and they're is a section discussing the ponzi scheme label.
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Nicoroscio ( talk) 02:02, 18 February 2022 (UTC) NFTs and the blockchain technology, even tho right now are considered electricity-intensive and therefore not good for the environment, are getting better every day. The blockchain technology is a technology for the people, and therefore requires mass adoption to be perfected. There are numerous studies and logical reasons to make us think that those energy-related problems will diminish until total disappearance.
Is the style of the current "Uses" section detrimental to covering the topic in an encyclopedic manner?
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I want to edit it to tell them it’s a scam and just screenshot it and repost it 50.207.170.22 ( talk) 16:01, 24 February 2022 (UTC)
Shouldn't the lead section have an image of an NFT of some sort? Wretchskull ( talk) 10:52, 19 February 2022 (UTC)
Leading section definitely deserves an image that depicts a diagram of how NFTs operate. A reader wanting factual, "dramaless" information may want to know in a neutral perspective on how NFTs work, rather than getting the perception that NFTs are all about fancy artwork and all that internet dramatization. Qwertyxp2000 ( talk | contribs) 01:01, 3 March 2022 (UTC)
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Addition to Increased public Awareness (2017-present)
In 2020, the U.S Patent and Trademark Office received just 3 trademark applications for NFTs. [1] In 2021, the number of trademark applications jumped to over 1200. [2] In January of 2022, the U.S. Patent and Trademark Office received 450 NFT-related trademark applications. [3] The growing list of brands being trademarked for NFTs includes the NYSE, Star Trek, Panera, Walmart, Elvis Presley, Sports Illustrated, Ticketmaster, and Yahoo. [4] Lawtalker9898 — Preceding unsigned comment added by Lawtalker9898 ( talk • contribs) 01:31, 18 February 2022 (UTC)
References
Been so long since I've edited Wiki that I'm out of touch.
In section /info/en/?search=Non-fungible_token#Others one of the biggest NFT blockchains is missing: WAX. Source material can be found at https://on.wax.io/wax-io/ and the most common marketplace is atomichub.io with neftyblocks.com being the more robust choice for NFT creator tools.
97.120.212.15 ( talk) 00:41, 9 March 2022 (UTC)
The text now includes at the end the following:
In February 2022 a woman bought at auction a five-bedroom, three-and-half-bath house near Tampa Bay, Florida for 210 Ether, the equivalent of US$653,000 at the time of the sale. The sale transferred ownership of the house from the seller to a limited liability company; ownership of the LLC was then automatically transferred to the auction winner and the seller received the crypto payment in her digital wallet.[clarification needed][94]
It is totally unclear from either this text, or the 'Fortune' article cited, how this transaction amounted to trade in an NFT: all that apparently happened was that a person paid in cryptocurrency for a house that was owned by a company at the time of the transaction. What was the token in this instance? Sbishop ( talk) 18:44, 23 March 2022 (UTC)
Buying real estate as an NFT is not yet a widely accepted ofr common practice, first step; you would have to find a seller willing to accept crypto as a method of payment, Second step; keep in mind that it is common in some states to use a third party, like an escrow company to facilitate the transaction between Buyer and Seller, and a Title company to insure the title against any defects that can lead to loses or liabilities to the new owner, therefore the use of NFTs to purchase real estate is not yet a common practice. The technology used for NFTs known as blockchain is an excellent tool for the transfer of title between Buyers and Sellers, but the real estate industry is not quite ready to start mass addoption of this new technology. — Preceding unsigned comment added by Level23Media ( talk • contribs) 04:30, 30 March 2022 (UTC)
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Remove the ve image "pixel art" crap: this is hidden advertising, what is this image and why is it put into this entry on Wikipedia? Read above the paragraphs which NFT projects are relevant, this is useless here. Before, there was a Hashmask for example which is much more relevant to understand this content
Request for removal:
Change to: make a reference to a mentioned NFT project, e.g. Cryptokitties or the work form Beeple, etc.
Aethyx ( talk) 12:46, 21 March 2022 (UTC)
File:Cryptopunks general.jpg I agree with Aethyx that we can probably find a more illustrative picture than this. How about the image used in the infobox at CryptoPunks? JBchrch talk 16:10, 6 April 2022 (UTC)
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Change "were being used to mine[clarification needed] user IP addresses" to "were being used to unknowingly gather users IP addresses."
Thanks! Article in the citations suggests malicious code can be inserted in to NFT marketplaces. Such as secret IP gathering. Peterrwerner ( talk) 21:22, 18 April 2022 (UTC)
The final sentence of the opening paragraph says - "Because each token is uniquely identifiable, NFTs differ from most cryptocurrencies, such as Bitcoin, which are fungible". That first phrase is misleading, suggesting that it is the lack of unique identifiers that makes cryptocurrencies fungible, when it is actually the interchangeability of cryptocurrencies that makes them fungible. It would be best if the first phrase was simply dropped for now and the sentence changed to - "NFTs differ from most cryptocurrencies, such as Bitcoin, which are fungible". I know this article needs a lot more work but I think that misleading statement in the opening paragraph shoud be corrected as soon as possible. — Preceding unsigned comment added by Taylornk ( talk • contribs) 09:21, 22 April 2022 (UTC)
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to be added under the Music section
- In April 2022, The Crystal Method auctioned their new lead single’s music video “Watch Me Now” as an NFT.
https://blog.cryptoflies.com/the-crystal-method-auctions-new-music-video-as-an-nft-on-makersplace/
to be added under the Film section
- In April, 2022 American filmmaker, actor, and author Kevin Smith released his new horror film KillRoy Was Here as an NFT that features behind-the-scenes material, exclusive content from the film, and a commentary track (per Deadline).
source: https://blog.cryptoflies.com/kevin-smith-announces-new-horror-film-killroy-was-here-to-be-released-as-an-nft/ Nft359 ( talk) 08:35, 6 May 2022 (UTC)
I recommend to adjust the text under Source [19] as follows.
Although Sothebys claims to have sold the first "known" NFT called Quantum [19], which was created by Kevin McCoy and Anil Dash in 2014, there is cryptographic proof that digital art has been tokenized much earlier in 2013.
The award-winning visual artist Jonathan Monaghan worked with Trent and Masha McConaghy and Yanislav Malahov to tokenize and timestamp his artwork on the Bitcoin network [Source 1: https://rare.makersplace.com/2022/02/16/exclusive-interview-with-nft-artist-jonathan-monaghan/] [Source 2: https://medium.com/@trentmc0/ascribe-for-nft-archaeologists-17ca5481d206].
One transaction [Source: https://www.blockchain.com/btc/tx/13b5828c281bb2c8a9448bd3cbebdae9a592ba4a6b55ec4aad79b4625cb85e4c ] dates back to November 2013, which referred to the project called 'Keidom' that was also timestamped later in an official U.S. patent filing [Source: https://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-adv.html&r=3&f=G&l=50&d=PG01&S1=(%22mcconaghy%22.IN.)&OS=IN/%22mcconaghy%22&RS=IN/%22mcconaghy%22].
Later in 2014, Trent McConaghy and his business partner Bruce Pon established ascribe, the world's first NFT Marketplace built on the Bitcoin blockchain. Both worked with art galleries, museums and creators directly, registering 31,900 artworks and 118'690 editions on the Bitcoin network [Source: https://medium.com/@trentmc0/ascribe-for-nft-archaeologists-17ca5481d206]. Both have discontinued the project and ascribe has since been dormant. — Preceding unsigned comment added by 2001:8F8:1A3F:198F:99DA:1A18:2491:E48F ( talk) 16:28, 15 May 2022 (UTC)
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Change "A non-fungible token (NFT) is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger." to "A non-fungible token (NFT) is a digital contract stored in a blockchain, a form of distributed ledger."
Rationale - The Howey test determines if an asset can be called a security. And the SEC has not labeled NFTs Securities. https://www.sec.gov/rules/petitions/2021/petn4-771.pdf To apply the term "Security" to NFTs generally is wrong and misleading. Marcusfranklin123456789 ( talk) 02:19, 15 July 2022 (UTC)
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ScottishFinnishRadish (
talk)
11:06, 15 July 2022 (UTC)The headline definition is missing sources ( WP:SOURCES):
"A non-fungible token (NFT) is a
financial security consisting of digital data stored in a
blockchain, a form of
distributed ledger.
citation needed The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded."
I couldn't find
reliable sources to back up that definition, so I propose changing it to:
"A non-fungible token (NFT) is a record on a blockchain representing ownership over digital media. [1] The ownership of an NFT can be transferred by the owner, allowing NFTs to be sold and traded. [2]"
Volkye ( talk) 13:08, 18 August 2022 (UTC)
the article already mentions a Banksy print being burned and turned into an NFT, [6] there are some other noteworthy examples, which as a whole probably deserve their own section.
Examples:
overview articles on destroying art for NFTs, including the SpiceDAO story that tried to buy a Dune screenplay (and possibly burn it). [7] [8]
a Frida Kahlo painting being burned, including a police investigation [9] [10] [11]
Damien Hirst offering buyers to either get the physical artwork or NFT, the other one gets destroyed [12] [13] [14]
a Basquiat drawing being auctioned with a similar proposition [15] and his estate backing down after controversy [16]
blowing up a Lamborghini and turning the video of the explosion into NFTs [17] [18]
NFT of a destroyed diamond sells for more than its original value [19]
-- jonas ( talk) 21:03, 1 October 2022 (UTC)
This article still states etherium uses proof-of-work. However, they now use proof-of-state, which results in a huge energy reduction 2A02:A477:3266:1:31B7:F527:BE86:332C ( talk) 05:49, 18 October 2022 (UTC)
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Recommend the following changes: -Dete Shirley included as the author of the NFT and ERC 721 -Cryptokitties included as one of the NFT projects launched in conjunction with ERC-721
The changes would be in this paragraph: The term "NFT" only achieved wider usage with the ERC-721 standard, first proposed by Dapper Labs CTO Dieter "Dete" Shirley in 2017 along with the phrase "non-fungible token" via the Ethereum GitHub, following the launch of various NFT projects that year.[28][29] The standard coincided with the launch of several NFT projects, including Curio Cards, CryptoPunks (a project to trade unique cartoon characters, released by the American studio Larva Labs on the Ethereum blockchain),[30][31] rare Pepe trading cards and Cryptokitties.[28]
Sources for Dete Shirley as author: https://www.benzinga.com/markets/cryptocurrency/22/09/28923395/nft-day-is-september-20-heres-what-to-know-about-the-first-annual-holiday https://economictimes.indiatimes.com/markets/cryptocurrency/international-nft-day-why-is-it-celebrated-and-whats-the-road-ahead/articleshow/94322480.cms
Source for Cryptokitties as one of the first 2017 NFT projects https://fortune.com/2017/12/04/blockchain-cryptokitties-ethereum/ 107.219.194.231 ( talk) 01:36, 21 September 2022 (UTC)
Under "Unenforceability of copyright", I see a mention to "The NFT Bay":
"This criticism was promoted by Australian programmer Geoffrey Huntley who created "The NFT Bay", modeled after The Pirate Bay. The NFT Bay advertised a torrent file purported to contain 19 terabytes of digital art NFT images."
This is unfortunately not true, as the 19-terabyte torrent file is just full of zeroes, you can verify it yourself here:
https://gist.github.com/zhuowei/ebd5601f7dd8e5ee186bf302874e0a4c
2A0E:1C80:12:0:0:0:0:50 (
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22:22, 3 November 2022 (UTC)
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I check pages listed in Category:Pages with incorrect ref formatting to try to fix reference errors. One of the things I do is look for content for orphaned references in wikilinked articles. I have found content for some of Non-fungible token's orphans, the problem is that I found more than one version. I can't determine which (if any) is correct for this article, so I am asking for a sentient editor to look it over and copy the correct ref content into this article.
Reference named "auto1":
I apologize if any of the above are effectively identical; I am just a simple computer program, so I can't determine whether minor differences are significant or not. AnomieBOT ⚡ 15:40, 12 January 2023 (UTC)
On October 2022, AirBaltic launched a NFT collection with benefits for the airBaltic Club loyalty programme. [20] 2A02:2455:460:DA00:5D18:5ED2:E725:7553 ( talk) 18:27, 6 October 2022 (UTC)
The usages of NFT have also generally increased since then. This page indirectily misinforms people by only focusing on the asset and picture side. It much more reflects the publics understanding of the technology and bias towards the technology then giving a neutral approach towards the technology. Consider how to properly discuss modern NFT relationship with smart contracts for example. While you can discuss if it is a reliable source here is how for example different ecosystems discuss NFTs to understand how they are claimed to be used https://docs.stacks.co/docs/write-smart-contracts/tokens or https://messari.io/report/explain-it-like-i-am-5-nfts Other companies in healthcare have also started using NFTs in relation to their automation of data. Some aspects of even the default NFTs are naturally interlinked with smart contracts, but smart contracts get very little mention on this page... — Preceding unsigned comment added by Runefar ( talk • contribs) 07:18, 6 January 2023 (UTC)
several years until even more papers and books have been published referencing the proposals in question. If a piece of information is liable to go out-of-date within 5-10 years, we should think really hard about including it. I should note that there are papers out there that present critically pre-existing knowledge in a sort of SECONDARY fashion, such as this one. But, again, they should be used with care. JBchrch talk 11:52, 15 January 2023 (UTC)
Etheria was not the first NFT project. Different NFT projects already existed early 2015 in Counterparty (XCP) -> tokens on the Bitcoin blockchain. See https://rarepepes.com/ and https://counterparty.io/feature/ for reference Nitrodo ( talk) 10:27, 15 May 2023 (UTC)
I have reverted multiple recent changes to the article based on unreliable and obscure sources which appear to have been added to promotional effect. The reasoning is similar to my comments at Talk:Axie_Infinity#Recent_edits. It is not enough for an obscure or unreliable source to mention a factoid, it must be summarized in context based on reliable, independent sources. Grayfell ( talk) 19:09, 10 May 2023 (UTC)
In the music-industry artists are able to gain more control over their artwork without interference by third-parties by using NFTs.At best, this is WP:SYNTH but that's being generous. Every source needs to be evaluated in context and summarize from a neutral point of view. These edits appear to be digging in the paper mines to find marketing cruft of churnalism to support specific statements. That appears to be cherry picking. Grayfell ( talk) 19:27, 10 May 2023 (UTC)
NFTs play a role both in traditional as well as blockchainbased videogames. While in the former they usually represent cosmetic additions that can be ascribed to an individual player they are often at the very core of a blockchain game.
I added a set of subsections to the History section of the article that introduced significantly more focus on ERC-721. It is credited with introducing NFTs in a foundational manner for widespread adoption, even though use-cases existed prior. Its significance in the history of NFTs is just too substantial to not give it a thorough treatment, omitting just leaves the larger story incomplete. I did integrate a few sentences and claims into my subsections.
There’s also evidence from credible and reputable sources which I’ve cited that indicate the term “NFT” and its definition has its origins in the blockchain nomenclature directly from the ERC-721 paper published in 2018, and that the word’s popularity directly emerged from the success of blockchain game CryptoKitties’ using it.
I essentially re-wrote, expanded on and integrated the mentions of Curio Cards, CryptoPunks, Rare Pepes CryptoKitties into a more cohesive story. Notably, Rare Pepes was NOT launched alongside the other projects mentioned nor ERC-721 as it happened a year prior; I also included some context around the Counterparty Protocol that powered these Bitcoin NFTs which themselves have a significant place in the history of NFTs (it should probably be expanded on later).
ERC-721’s lead author William Entriken is also notable and worth mentioning given his pivotal role in moving the standard to a final published state, governing the process over deciding that the name “NFT” be used in the final paper and getting other projects and stakeholders to agree to adopt the standard.
For my footnotes, I use bulleted list citations to stack multiple sources that either complement each other over supporting different aspects of a statement or simply support the same aspect and add veracity by having multiple sources agree. Codeconjurer777 ( talk) 09:12, 2 December 2023 (UTC)
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Archive 1 | Archive 2 |
I added a section about an additional Banksy NFT that received extensive coverage in the BBC, Bitcoinist, LA Weekly, etc, etc, but another editor reverted the changes as they said the page isn't supposed to be listing every NFT project. I agree with that sentiment, however still feel that the addition of the paragraph is warranted as the BBC reference gives NFTs some much needed support by a serious organization. Anyway, I paste my edit below for your reference and discussion. If you feel it should be included into the page proper, please feel free to include it.
In November 2021, Arts Media company Gloss [1] created and listed for auction on Opensea a NFT "inspired by" Banksy's original work titled Warning Sign, 2006. [2] Gloss said that the Banksy Warning Sign NFT was created to commemorate the lives lost in the September 11 attacks, and pledged to donate money from the sale to the New York City Fire Department Foundation, who represent the first responders on 9/11. [3] [4] [5] The Banksy Warning Sign NFT also gave the owner a 5% equity share in the original artwork, which Gloss described as being a "world-first" offering in the NFT space. [6]— Preceding unsigned comment added by Knightingales ( talk • contribs) 17:03, 29 November 2021 (UTC)
References
Hi @ JBchrch:! Thanks for your feedback. Just saw that 2 more high quality source articles have been published since we last talked: https://finance.yahoo.com/news/gloss-creates-controversial-banksy-nft-060000193.html https://nftevening.com/bansky-inspired-nft-warning-sign-raises-money-for-victims-of-9-11/ There are several others but as Onoitsjamie pointed out above, those are more press release type articles. Is this enough to have my short piece re-inserted into the page? Thanks in advance Knightingales ( talk)
Many high-profile NFTs that are listed in the article, including NFTs regarding musical or film works, make no attempt to transfer any ownership rights of the underlying work at all. They are instead collectables or tokens that only enjoy a tenuous association with the underlying works, most usually created for a promotional purpose, that are purchased because of a popular interest in the underlying work rather than an attempt at gaining ownership. A fair comparison is baseball cards, as a Lou Gehrig baseball card does not attempt to confer any kind of ownership over Lou Gehrig, but it derives value in having close association with the guy. NFTs popularly sell this "association," but it is only articulated in the article as a misleading "proof of ownership." This non-ownership use of NFTs is not yet adequately explained in the article, even though it is mentioned many times (very obviously seen in the "Film" subsection under "Uses").
This may be one missing component in deflating the puffery and cutting out the excess unimportant factoids. These "baseball card" NFTs may not be important to mention at all, as they usually don't have much significance to the underlying work. The articles on famous sportsball players never bother including what kind of collectable cards the players are in. Why should NFTs be any different? If there are no objections, I will pursue making edits to clarify this less impactful use of NFTs. Mewnst ( talk) 17:14, 3 December 2021 (UTC)
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Add Loopring as a viable zkRollup Layer2 project. Source: https://loopring.org/#/ 92.236.234.119 ( talk) 12:44, 18 December 2021 (UTC)
Why, in 'Plagiarism and fraud' part of 'Issues and criticisms' section, sentence "artists having their work copied without permission" is in the quotation marks? It's not a quote, it's a fact. It has been proven so later on in this exact article. It's not even a quote from [143] in that section.
I don't think that's what quotation marks are for. 83.28.228.113 ( talk) 05:14, 2 January 2022 (UTC)
I see no mentions of early (pre-crypto days) NFTs. In particular, no mention of Tokenzone, funded in 2000 in NYC by Isaac, Ricardo and Eduardo Arias, which created the very first NFTs for gaming purposes. Disney, Harry Potter and other properties used Tokenzone technology from 2002 to 2009. [1] Stevengarden ( talk) 04:41, 6 January 2022 (UTC)
OpenSea, the first online marketplace for non-fungible tokens was founded by Devin Finzer and Alex Atallah in New York on December 20, 2017. [2] — Preceding unsigned comment added by 2A02:2455:465:9600:DC50:FB09:8611:872F ( talk) 10:16, 21 November 2021 (UTC)
References
Good encyclopedia articles lead with good, clear explanations answering the 6 W's: Who, What, Where, Why, How and When. Not only does this article not accomplish this task in the introduction, but it doesn't accomplish it in the body, either. I am familiar with the ERC-721 non-fungible token standard. I am familiar how blockchain works. I've been involved with networking and information security for 35 years. Reading through this article for the third time, however, I am still not seeing any sort of clear explanation suitable for the general populace of exactly what an NFT is and how it can and/or should be used by your average technically literate person. To quote Dozer from The Matrix, "He still needs a lot of work." Clepsydrae ( talk) 20:32, 2 January 2022 (UTC)
The lead currently states: A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a blockchain
. I don't think "unique" should be there - the piece of data can be uniquely associated with an address, but the metadata itself is not necessarily unique, nor the data the token may be pointing to (see
EIP-721).
BeŻet (
talk)
13:51, 12 January 2022 (UTC)
the piece of data can be uniquely associated with an addressThis is true of any crypto. What makes NFTs special is their "non-fungibility", and "unique" is the MOS:FIRST-compliant plain English way of expressing this characteristic. JBchrch talk 01:01, 16 January 2022 (UTC)
there's no verification at all that the underlying file asset is uniqueWhich is irrelevant, because the first sentence refers to the unit of data recorded on the digital ledger, which, as you say, happens to be unique. The term "non-fungible token" refers to the token, i.e. the sign recorded in the ledger, and that's what we need to define in the first sentence.
One could make thousands of NFTs of an identical picture of their favorite shirt: yes, but each of those NFT would be individuated on the blockchain as a non-fungible token, otherwise it would just be a regular fungible crypto.
There is a dangerous implicit assumption that this "uniqueness" of NFTs is a guarantee, of some form or another, that an NFT is going to represent a unique underlying fileWe do not sell tokens ourselves, so we need not concern ourselves about potential liability. Per WP:RIGHTGREATWRONGS we don't need to save the world, either. We need to be honest and understandable about what non-fungible tokens are, and for this purpose there's no getting around the fact that non-fungible and unique are equivalent terms.
its own unique cryptographic function. NFTs are not functions, they are a form of data stored in a distributed ledger, which have the characteristic of being individualizable. I invoked RGW because I'm reading that this article needs to correct a
popular misconceptionand a
misleading but alluring description, when in fact what is being targeted is actually correct information. The bottom line is that conceptually and definitionally "non-fungible", "non-interchangeable" and "unique" are equivalent, and that "unique" is used in plenty of high-quality sources. I have seen no strong rebuttal to this. JBchrch talk 01:29, 17 January 2022 (UTC)
It fails to properly communicateto
80% of the page for no good reason. JBchrch talk 15:30, 17 January 2022 (UTC)
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Change Curio Cards, to Curio Cards (the first art project on the Ethereum blockchain), 2601:409:8500:3D00:9DE3:FF81:EB43:AE3F ( talk) 17:49, 17 January 2022 (UTC)
Well, can you lift the semi-protection so I can fix the Wikipuffery please? Gabi Salinas ( talk) 20:00, 17 January 2022 (UTC)
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change Curio Cards to Curio Cards 2601:409:8500:3D00:C129:3D87:7A4D:8951 ( talk) 12:10, 19 January 2022 (UTC)
The maintenance template at the top of this article, noting that it “may contain wording that promotes the subject through exaggeration of unnoteworthy facts” has been up since May 2 or so. Can this be taken down, or do people think the article still has these issues associated with it? Dtetta ( talk) 05:45, 23 November 2021 (UTC)
I agree it still has puffery issues.
-"Increased public awareness" as a subheading in history. This is leading the reader towards an understanding that NFTs are already a part of the public consciousness. I think "Rapid growth" is more accurate and more neutral.
-The same problem appears right below this in Uses, like the phrases "High-profile auctions" and "considerable public attention." Uses also lists far too many specific examples of NFTs which have been minted. The section should be trimmed before the puffery label can be removed. tellison11232 ( talk) 18:16, 19 January 2022 (UTC)
Hello there, I'm Gabi. I need to fix possible Wikipuffery on this NFT article, but I can't edit. Can someone else do this for me? I currently have 4 edits and getting started editing on Wikipedia. Gabi Salinas ( talk) 19:59, 17 January 2022 (UTC)
There is a large pool of self NFT promotion methods, one is to use automated bots to do the job, I think it would be a good idea to expand this Wiki entry by adding information about it a showcase of real-world example
https://www.youtube.com/watch?v=bShLx11OhMA
Just a thought, because it's getting more and more popular. — Preceding unsigned comment added by Winele8 ( talk • contribs) 00:09, 21 January 2022 (UTC)
There is a new article today in The Guardian newspaper about the French luxury house Hermès starting legal action against an artist named Mason Rothschild. It says that Mason created NFT tokens of Hermes' Birkin bags without Hermes' permission and that those tokens which were sold to make money for Mason violates the trademark rights of Hermes. Would I be able to or could and editor with permission include this blurb in the Fashion subsection of this page? source: Agence France-Presse (January 22, 2022). "Hermès suing American artist over NFTs inspired by its Birkin bags". www.theguardian.com. Retrieved January 22, 2022. Smellyshirt5 ( talk) 18:30, 22 January 2022 (UTC)
There have been cases of artists having their work sold by others as an NFT, without permission., a sentence currently in the article. A. C. Santacruz ⁂ Please ping me! 22:19, 22 January 2022 (UTC)
I sugget to put also the NFT Scheme: https://it.wikipedia.org/wiki/File:NFT_Non_Fungible_Token_-_Explained.jpg — Preceding unsigned comment added by MarioTaddei ( talk • contribs) 08:18, 25 January 2022 (UTC)
- Blockstars: Blockstars is a deeply social and immersive music management simulation game. Gameplay is based on the real-world passage of time, where each minted Blockstar has its own attributes (talent and personality based on Myers Briggs Framework) that can only be discovered through gameplay. It is being designed and built by a team of veteran game makers, who specialize in emerging technology to embrace the best of what the Solana blockchain enables for gaming: true Play-to-Earn, true ownership of in-game assets, and true ownership stake in the future Roadmap of Blockstar. — Preceding unsigned comment added by FlamencosOnline ( talk • contribs) 19:01, 25 January 2022 (UTC)
Hi. My thread did not get any responses, so I'd like to bring it back to present a source I'd like to have used for the article. The thread in question can be found here, but is also copied below.
== Creator of NFTs owns up to shortcomings ==
I found an article by one of the creators of NFTs explaining how they ended up being, for lack of a better word, a disaster. The article in question will be included via reference. [1] Consider adding this article to the main article? 172.112.210.32 ( talk) 01:57, 19 November 2021 (UTC) |
Thank you. 172.112.210.32 ( talk) 04:50, 20 December 2021 (UTC)
Hi, under Standards in Blockchains > Other Blockchains, I would like to add the blockchain Proton because it also supports NFTs. The websites for Proton NFTs are: protonmint.com and www.protonmarket.com
It's a layer1 blockchain (protonchain.com) same as the others listed there in that section.
Thankyou I look forward to hearing back from you. Martian333 ( talk) 12:23, 3 February 2022 (UTC)
Thanks BeZet for the thoughtful reply. My assumption for inclusion was that they are all Layer1 blockchains, but yes there are certainly others missing from that list, such as RVN for example. Ethereum rightly dominates the section, being the blockchain which the original NFT standard was developed for, but I suppose if other blockchains used the Ethereum NFT standards and NFT standard was the criteria, however other blockchains use other NFT standards, for example Tezos FA2. So if the criteria is a layer1 blockchain which doesn't necessarily use Ethereum NFT standards, in other words a genuine alternative to what Ethereum offers, then it would make sense to keep the list. Martian333 ( talk) 23:39, 3 February 2022 (UTC)
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Remove "and structure of the NFT market to be a ponzi scheme.". No reliable source was provided. That is a personal belief, mostly coming from people with insufficient knowledge about the underlying technology. NFTs are simply data stored on the blockchain. Like every real or virtual object, NTFs value is based on supply and demand and is the price or amount that someone is willing to pay. The ponzi scheme definition simply does not fit either the NFTs market or its structure. Certainly, you can create a ponzi scheme using NFTs, as you can with literally anything; but that does not make the NFTs market a ponzi scheme in itself. The structure of the NFTs market is just like eBay, with the extra functionality of being able to send offers to an item not listed for sale since that is simply public data on the blockchain. GiacomoScudiero ( talk) 00:55, 18 February 2022 (UTC)
{{
edit semi-protected}}
template. It is sources in the article body, and they're is a section discussing the ponzi scheme label.
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Nicoroscio ( talk) 02:02, 18 February 2022 (UTC) NFTs and the blockchain technology, even tho right now are considered electricity-intensive and therefore not good for the environment, are getting better every day. The blockchain technology is a technology for the people, and therefore requires mass adoption to be perfected. There are numerous studies and logical reasons to make us think that those energy-related problems will diminish until total disappearance.
Is the style of the current "Uses" section detrimental to covering the topic in an encyclopedic manner?
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I want to edit it to tell them it’s a scam and just screenshot it and repost it 50.207.170.22 ( talk) 16:01, 24 February 2022 (UTC)
Shouldn't the lead section have an image of an NFT of some sort? Wretchskull ( talk) 10:52, 19 February 2022 (UTC)
Leading section definitely deserves an image that depicts a diagram of how NFTs operate. A reader wanting factual, "dramaless" information may want to know in a neutral perspective on how NFTs work, rather than getting the perception that NFTs are all about fancy artwork and all that internet dramatization. Qwertyxp2000 ( talk | contribs) 01:01, 3 March 2022 (UTC)
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Addition to Increased public Awareness (2017-present)
In 2020, the U.S Patent and Trademark Office received just 3 trademark applications for NFTs. [1] In 2021, the number of trademark applications jumped to over 1200. [2] In January of 2022, the U.S. Patent and Trademark Office received 450 NFT-related trademark applications. [3] The growing list of brands being trademarked for NFTs includes the NYSE, Star Trek, Panera, Walmart, Elvis Presley, Sports Illustrated, Ticketmaster, and Yahoo. [4] Lawtalker9898 — Preceding unsigned comment added by Lawtalker9898 ( talk • contribs) 01:31, 18 February 2022 (UTC)
References
Been so long since I've edited Wiki that I'm out of touch.
In section /info/en/?search=Non-fungible_token#Others one of the biggest NFT blockchains is missing: WAX. Source material can be found at https://on.wax.io/wax-io/ and the most common marketplace is atomichub.io with neftyblocks.com being the more robust choice for NFT creator tools.
97.120.212.15 ( talk) 00:41, 9 March 2022 (UTC)
The text now includes at the end the following:
In February 2022 a woman bought at auction a five-bedroom, three-and-half-bath house near Tampa Bay, Florida for 210 Ether, the equivalent of US$653,000 at the time of the sale. The sale transferred ownership of the house from the seller to a limited liability company; ownership of the LLC was then automatically transferred to the auction winner and the seller received the crypto payment in her digital wallet.[clarification needed][94]
It is totally unclear from either this text, or the 'Fortune' article cited, how this transaction amounted to trade in an NFT: all that apparently happened was that a person paid in cryptocurrency for a house that was owned by a company at the time of the transaction. What was the token in this instance? Sbishop ( talk) 18:44, 23 March 2022 (UTC)
Buying real estate as an NFT is not yet a widely accepted ofr common practice, first step; you would have to find a seller willing to accept crypto as a method of payment, Second step; keep in mind that it is common in some states to use a third party, like an escrow company to facilitate the transaction between Buyer and Seller, and a Title company to insure the title against any defects that can lead to loses or liabilities to the new owner, therefore the use of NFTs to purchase real estate is not yet a common practice. The technology used for NFTs known as blockchain is an excellent tool for the transfer of title between Buyers and Sellers, but the real estate industry is not quite ready to start mass addoption of this new technology. — Preceding unsigned comment added by Level23Media ( talk • contribs) 04:30, 30 March 2022 (UTC)
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Remove the ve image "pixel art" crap: this is hidden advertising, what is this image and why is it put into this entry on Wikipedia? Read above the paragraphs which NFT projects are relevant, this is useless here. Before, there was a Hashmask for example which is much more relevant to understand this content
Request for removal:
Change to: make a reference to a mentioned NFT project, e.g. Cryptokitties or the work form Beeple, etc.
Aethyx ( talk) 12:46, 21 March 2022 (UTC)
File:Cryptopunks general.jpg I agree with Aethyx that we can probably find a more illustrative picture than this. How about the image used in the infobox at CryptoPunks? JBchrch talk 16:10, 6 April 2022 (UTC)
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Change "were being used to mine[clarification needed] user IP addresses" to "were being used to unknowingly gather users IP addresses."
Thanks! Article in the citations suggests malicious code can be inserted in to NFT marketplaces. Such as secret IP gathering. Peterrwerner ( talk) 21:22, 18 April 2022 (UTC)
The final sentence of the opening paragraph says - "Because each token is uniquely identifiable, NFTs differ from most cryptocurrencies, such as Bitcoin, which are fungible". That first phrase is misleading, suggesting that it is the lack of unique identifiers that makes cryptocurrencies fungible, when it is actually the interchangeability of cryptocurrencies that makes them fungible. It would be best if the first phrase was simply dropped for now and the sentence changed to - "NFTs differ from most cryptocurrencies, such as Bitcoin, which are fungible". I know this article needs a lot more work but I think that misleading statement in the opening paragraph shoud be corrected as soon as possible. — Preceding unsigned comment added by Taylornk ( talk • contribs) 09:21, 22 April 2022 (UTC)
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to be added under the Music section
- In April 2022, The Crystal Method auctioned their new lead single’s music video “Watch Me Now” as an NFT.
https://blog.cryptoflies.com/the-crystal-method-auctions-new-music-video-as-an-nft-on-makersplace/
to be added under the Film section
- In April, 2022 American filmmaker, actor, and author Kevin Smith released his new horror film KillRoy Was Here as an NFT that features behind-the-scenes material, exclusive content from the film, and a commentary track (per Deadline).
source: https://blog.cryptoflies.com/kevin-smith-announces-new-horror-film-killroy-was-here-to-be-released-as-an-nft/ Nft359 ( talk) 08:35, 6 May 2022 (UTC)
I recommend to adjust the text under Source [19] as follows.
Although Sothebys claims to have sold the first "known" NFT called Quantum [19], which was created by Kevin McCoy and Anil Dash in 2014, there is cryptographic proof that digital art has been tokenized much earlier in 2013.
The award-winning visual artist Jonathan Monaghan worked with Trent and Masha McConaghy and Yanislav Malahov to tokenize and timestamp his artwork on the Bitcoin network [Source 1: https://rare.makersplace.com/2022/02/16/exclusive-interview-with-nft-artist-jonathan-monaghan/] [Source 2: https://medium.com/@trentmc0/ascribe-for-nft-archaeologists-17ca5481d206].
One transaction [Source: https://www.blockchain.com/btc/tx/13b5828c281bb2c8a9448bd3cbebdae9a592ba4a6b55ec4aad79b4625cb85e4c ] dates back to November 2013, which referred to the project called 'Keidom' that was also timestamped later in an official U.S. patent filing [Source: https://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-adv.html&r=3&f=G&l=50&d=PG01&S1=(%22mcconaghy%22.IN.)&OS=IN/%22mcconaghy%22&RS=IN/%22mcconaghy%22].
Later in 2014, Trent McConaghy and his business partner Bruce Pon established ascribe, the world's first NFT Marketplace built on the Bitcoin blockchain. Both worked with art galleries, museums and creators directly, registering 31,900 artworks and 118'690 editions on the Bitcoin network [Source: https://medium.com/@trentmc0/ascribe-for-nft-archaeologists-17ca5481d206]. Both have discontinued the project and ascribe has since been dormant. — Preceding unsigned comment added by 2001:8F8:1A3F:198F:99DA:1A18:2491:E48F ( talk) 16:28, 15 May 2022 (UTC)
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Change "A non-fungible token (NFT) is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger." to "A non-fungible token (NFT) is a digital contract stored in a blockchain, a form of distributed ledger."
Rationale - The Howey test determines if an asset can be called a security. And the SEC has not labeled NFTs Securities. https://www.sec.gov/rules/petitions/2021/petn4-771.pdf To apply the term "Security" to NFTs generally is wrong and misleading. Marcusfranklin123456789 ( talk) 02:19, 15 July 2022 (UTC)
{{
edit semi-protected}}
template. The definition and tests thereof change by jurisdiction.
ScottishFinnishRadish (
talk)
11:06, 15 July 2022 (UTC)The headline definition is missing sources ( WP:SOURCES):
"A non-fungible token (NFT) is a
financial security consisting of digital data stored in a
blockchain, a form of
distributed ledger.
citation needed The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded."
I couldn't find
reliable sources to back up that definition, so I propose changing it to:
"A non-fungible token (NFT) is a record on a blockchain representing ownership over digital media. [1] The ownership of an NFT can be transferred by the owner, allowing NFTs to be sold and traded. [2]"
Volkye ( talk) 13:08, 18 August 2022 (UTC)
the article already mentions a Banksy print being burned and turned into an NFT, [6] there are some other noteworthy examples, which as a whole probably deserve their own section.
Examples:
overview articles on destroying art for NFTs, including the SpiceDAO story that tried to buy a Dune screenplay (and possibly burn it). [7] [8]
a Frida Kahlo painting being burned, including a police investigation [9] [10] [11]
Damien Hirst offering buyers to either get the physical artwork or NFT, the other one gets destroyed [12] [13] [14]
a Basquiat drawing being auctioned with a similar proposition [15] and his estate backing down after controversy [16]
blowing up a Lamborghini and turning the video of the explosion into NFTs [17] [18]
NFT of a destroyed diamond sells for more than its original value [19]
-- jonas ( talk) 21:03, 1 October 2022 (UTC)
This article still states etherium uses proof-of-work. However, they now use proof-of-state, which results in a huge energy reduction 2A02:A477:3266:1:31B7:F527:BE86:332C ( talk) 05:49, 18 October 2022 (UTC)
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Recommend the following changes: -Dete Shirley included as the author of the NFT and ERC 721 -Cryptokitties included as one of the NFT projects launched in conjunction with ERC-721
The changes would be in this paragraph: The term "NFT" only achieved wider usage with the ERC-721 standard, first proposed by Dapper Labs CTO Dieter "Dete" Shirley in 2017 along with the phrase "non-fungible token" via the Ethereum GitHub, following the launch of various NFT projects that year.[28][29] The standard coincided with the launch of several NFT projects, including Curio Cards, CryptoPunks (a project to trade unique cartoon characters, released by the American studio Larva Labs on the Ethereum blockchain),[30][31] rare Pepe trading cards and Cryptokitties.[28]
Sources for Dete Shirley as author: https://www.benzinga.com/markets/cryptocurrency/22/09/28923395/nft-day-is-september-20-heres-what-to-know-about-the-first-annual-holiday https://economictimes.indiatimes.com/markets/cryptocurrency/international-nft-day-why-is-it-celebrated-and-whats-the-road-ahead/articleshow/94322480.cms
Source for Cryptokitties as one of the first 2017 NFT projects https://fortune.com/2017/12/04/blockchain-cryptokitties-ethereum/ 107.219.194.231 ( talk) 01:36, 21 September 2022 (UTC)
Under "Unenforceability of copyright", I see a mention to "The NFT Bay":
"This criticism was promoted by Australian programmer Geoffrey Huntley who created "The NFT Bay", modeled after The Pirate Bay. The NFT Bay advertised a torrent file purported to contain 19 terabytes of digital art NFT images."
This is unfortunately not true, as the 19-terabyte torrent file is just full of zeroes, you can verify it yourself here:
https://gist.github.com/zhuowei/ebd5601f7dd8e5ee186bf302874e0a4c
2A0E:1C80:12:0:0:0:0:50 (
talk)
22:22, 3 November 2022 (UTC)
This article was the subject of a Wiki Education Foundation-supported course assignment, between 22 September 2022 and 8 December 2022. Further details are available
on the course page. Student editor(s):
BL33701 (
article contribs).
— Assignment last updated by BL33701 ( talk) 16:14, 28 November 2022 (UTC)
I check pages listed in Category:Pages with incorrect ref formatting to try to fix reference errors. One of the things I do is look for content for orphaned references in wikilinked articles. I have found content for some of Non-fungible token's orphans, the problem is that I found more than one version. I can't determine which (if any) is correct for this article, so I am asking for a sentient editor to look it over and copy the correct ref content into this article.
Reference named "auto1":
I apologize if any of the above are effectively identical; I am just a simple computer program, so I can't determine whether minor differences are significant or not. AnomieBOT ⚡ 15:40, 12 January 2023 (UTC)
On October 2022, AirBaltic launched a NFT collection with benefits for the airBaltic Club loyalty programme. [20] 2A02:2455:460:DA00:5D18:5ED2:E725:7553 ( talk) 18:27, 6 October 2022 (UTC)
The usages of NFT have also generally increased since then. This page indirectily misinforms people by only focusing on the asset and picture side. It much more reflects the publics understanding of the technology and bias towards the technology then giving a neutral approach towards the technology. Consider how to properly discuss modern NFT relationship with smart contracts for example. While you can discuss if it is a reliable source here is how for example different ecosystems discuss NFTs to understand how they are claimed to be used https://docs.stacks.co/docs/write-smart-contracts/tokens or https://messari.io/report/explain-it-like-i-am-5-nfts Other companies in healthcare have also started using NFTs in relation to their automation of data. Some aspects of even the default NFTs are naturally interlinked with smart contracts, but smart contracts get very little mention on this page... — Preceding unsigned comment added by Runefar ( talk • contribs) 07:18, 6 January 2023 (UTC)
several years until even more papers and books have been published referencing the proposals in question. If a piece of information is liable to go out-of-date within 5-10 years, we should think really hard about including it. I should note that there are papers out there that present critically pre-existing knowledge in a sort of SECONDARY fashion, such as this one. But, again, they should be used with care. JBchrch talk 11:52, 15 January 2023 (UTC)
Etheria was not the first NFT project. Different NFT projects already existed early 2015 in Counterparty (XCP) -> tokens on the Bitcoin blockchain. See https://rarepepes.com/ and https://counterparty.io/feature/ for reference Nitrodo ( talk) 10:27, 15 May 2023 (UTC)
I have reverted multiple recent changes to the article based on unreliable and obscure sources which appear to have been added to promotional effect. The reasoning is similar to my comments at Talk:Axie_Infinity#Recent_edits. It is not enough for an obscure or unreliable source to mention a factoid, it must be summarized in context based on reliable, independent sources. Grayfell ( talk) 19:09, 10 May 2023 (UTC)
In the music-industry artists are able to gain more control over their artwork without interference by third-parties by using NFTs.At best, this is WP:SYNTH but that's being generous. Every source needs to be evaluated in context and summarize from a neutral point of view. These edits appear to be digging in the paper mines to find marketing cruft of churnalism to support specific statements. That appears to be cherry picking. Grayfell ( talk) 19:27, 10 May 2023 (UTC)
NFTs play a role both in traditional as well as blockchainbased videogames. While in the former they usually represent cosmetic additions that can be ascribed to an individual player they are often at the very core of a blockchain game.
I added a set of subsections to the History section of the article that introduced significantly more focus on ERC-721. It is credited with introducing NFTs in a foundational manner for widespread adoption, even though use-cases existed prior. Its significance in the history of NFTs is just too substantial to not give it a thorough treatment, omitting just leaves the larger story incomplete. I did integrate a few sentences and claims into my subsections.
There’s also evidence from credible and reputable sources which I’ve cited that indicate the term “NFT” and its definition has its origins in the blockchain nomenclature directly from the ERC-721 paper published in 2018, and that the word’s popularity directly emerged from the success of blockchain game CryptoKitties’ using it.
I essentially re-wrote, expanded on and integrated the mentions of Curio Cards, CryptoPunks, Rare Pepes CryptoKitties into a more cohesive story. Notably, Rare Pepes was NOT launched alongside the other projects mentioned nor ERC-721 as it happened a year prior; I also included some context around the Counterparty Protocol that powered these Bitcoin NFTs which themselves have a significant place in the history of NFTs (it should probably be expanded on later).
ERC-721’s lead author William Entriken is also notable and worth mentioning given his pivotal role in moving the standard to a final published state, governing the process over deciding that the name “NFT” be used in the final paper and getting other projects and stakeholders to agree to adopt the standard.
For my footnotes, I use bulleted list citations to stack multiple sources that either complement each other over supporting different aspects of a statement or simply support the same aspect and add veracity by having multiple sources agree. Codeconjurer777 ( talk) 09:12, 2 December 2023 (UTC)