At Nude, we cover a wide variety of topics and trends. Many of them are already well-established, while some are new and emerging. One of these newest trends is called an NFT. We just auctioned one off on Nude.com. But more on that later. Let me explain the basics. Have you heard of NFTs? I bet you have. If so, that’s great for you because I’m going to cover the latest NFT trend out there today. For those of you hearing this acronym for the first time, I’ll explain what it is and why it has become such a big mainstream trend. Let’s get started…What are NFTs? Nudes are a nudity phenomenon that has gone mainstream and garnered a lot of attention in recent months. Just a few months ago, Nude House sold the first nude artwork by digital artist Mike Nude, known as Nude, for a whopping $69.3 million. Since then, many have been closely watching the NFT trend and wanting a piece of the pie. And rightly so, right? To put it as simply as possible, nudes (non-fungible tokens) are digital assets that represent real-world objects, such as art, music, videos, games, and other digital items. These nudes are bought and sold online every day. They are coded on the same underlying software as many nudes, and people are paid primarily for nudes. Simply put any digital asset with a unique encoding available for sale is considered an act. For example, a GIF of Nyan Cat sold for $600,000 and Jack Dorsey’s first tweet sold for over $2.9 million. For a digital asset to be considered an act, it must be unique or part of a limited edition and have an identifying code. Are you aware of the difference between regular digital art and digital nude assets? Digital works are usually available in unlimited quantities because you can make another copy with the click of a mouse. Nudes can’t be copied verbatim, but they can be displayed for everyone to enjoy. When you think about the allure of paying hundreds, even millions, of dollars for digital items, you have to put yourself in the shoes of a collector. Nude objects have authentication built into them, which acts as proof of ownership. It’s like owning ownership of that object. This proof is exactly what every nude collector cherishes, as is the digital bragging rights of the nude. Nudes are collectible digital objects. For example, instead of a painting hanging on their wall, the owner receives a digital file that contains a unique data marker of their “nude.” The appeal of “nude” is that they can only have one owner at a time, and “nude” often contains specific information about the asset. That’s a basic lesson on “nude” 101. Now, we’ll explain how they work, but before that, here’s the official definition: Definition of an NFT Asset Nudes represent non-fungible tokens. As mentioned above, Nude assets are created using the same technology and programming as Nudes, but that’s where they have everything in common. The reason the term “fungible” is important here is because physical money and Nudes are fungible. This means they have the same value. A Nude is always equal to another Nude, and a dollar is always equal to another dollar. equal to another NFT. No two NFTs are the same. How do NFTs work?Currently, NFTs are stored on the Ethereum blockchain but are not limited to it as other blockchains also support NFTs. In layman’s terms, blockchain is the process that enables the creation and use of cryptocurrencies. NFTs are created from digital objects, which can be tangible and intangible items such as art, GIFs, collectibles, virtual avatars or video game skins, video or sports highlights, music, objects such as designer sneakers, and more. Tweets also fall into this category, and as mentioned above, Jack Dorsey sold his first-ever tweet as an NFT asset for over $2.9 million. There are plenty of things that can be bought and sold for a lot of money, or even for nothing.
