The first NFT (Non Fungible Token) containing quotes from the CTO of Block.one, Daniel Larimer, was created yesterday.
I made an NFT out of this tweet, using #EOS #alcor DEX https://t.co/Ja06vUIHNb You can now buy this one of a kind collectible tweet, which has link & all tweets text & data now burned onto on an immutable #EOSIO token & Hive hosted PNG of @bytemaster7 Dan Larimer at his computer pic.twitter.com/A546sNFTLG
— ⭕Ackza🟣💎EOSIO TLOS KANDA SAND TSLA ETH BTC💎🟣 (@ackzacrypto) August 12, 2020
The non-fungible token was created through the Alcor.exchange platform that allows anyone to create their own NFT on different blockchains.
As can be seen, it is possible to enter several parameters as well as an image, which in this case portrays the CTO in front of a PC.
The parameters are the immutable data, namely the source tweet with the link, the text, and the artist who created this NFT.
In fact, a characteristic of these tokens is the fact that they are immutable and unique, and if someone were to replicate them, the copies would have different values, starting from the author, as it would be different.
This mechanism works well especially for the digitization of artworks, since an artist could create a certain piece of art and sell or give it away with the certainty that the information can never be changed.
An NFT for Daniel Larimer
This NFT of Daniel Larimer has the name “Daniel Larimer’s Wisdom Tree” and was created by artist ZackZackZack. It is sold at the modest price of 10 EOS, just under $30 at current exchange rates, and is already on the market. Anyone could get hold of it, even Larimer himself.
Through NFTs it is possible to turn anything into a unique token, in this case, a message on Twitter, and make it unique, immutable and incensurable since, even if the link were no longer working or deleted, this NFT could not be destroyed.
It is worth noting that this sector is booming and has implications in almost all sectors, from art to music to publishing.
Moreover, with the fact that it is possible to create and sell these tokens in decentralized stores and create NFTs within them, it removes the figure of the intermediary that in the art sector is represented by art galleries, eliminating the costs for both the artist and the buyer.