Learn more. Based on the data, my hypothesis is that those who are buying kpop NFTs or any NFTs are just investors, not fans. Passive systems such as Wick Systems have no moving parts. It’s popularly claimed that the internet slang simp is an acronym for “Suckers Idolizing Mediocre Pussy. , a non-fungible asset). Toke tersebut bisa digunakan untuk koleksi digital, pemungutan suara, atau bentuk lain dari. The merge of K-Pop and blockchain technologies has ushered in a new era of fan engagement and revenue streams. ” Fungible is an English word that means “being of such nature or kind as to be freely exchangeable or replaceable, in. C. A dynamic NFT is, of course, still a non-fungible token, meaning it is a unique blockchain asset that is used to tokenize something else, such as a drawing, video, song, or similar. (a) Top 5 NFTs collections (by number of assets) organized by category. Moonbirds had a set mint price of 2. Anything can become an NFT—a piece of art, sports memorabilia, or even a tweet. An NFT is a non-fungible token, meaning it’s a unique asset that cannot be copied and isn’t easily interchangeable. 1 2 Litto Heart beat Reactions 1,821 Posts 1,690 Guild 𝐌𝐈𝐂𝐇𝐄𝐋𝐈𝐍𝐒 Jul 6th 2022 #1 but bulk buying and non shipback no ok, the logical answer to the question would be the. Sure enough, it sold $17 million worth of NFT mint passes upon. The first NFT on our list is from CryptoPunk, known. What does NFT mean in simple terms? An NFT is a non-fungible token. Sometime in January, Filipino high school student Natasha Sy, 17, posted a listing to a Philippines-based buy-and-sell (BNS) Facebook group dedicated to one of her favorite K-pop bands. non-fungible token:… See the full definition. #1 Will you buy NFT ? 17 Yes (0) 0% No (17) 100% I know a lot of companies are joining the NFT world , my sister sent me this video (she's not into tech or. Dylan Field, the CEO of design software company Figma, is behind the sale of the fifth-most expensive NFT in history— CryptoPunk #7804. What we mean by this is that even if you pay $1 million for an original Beeple NFT, it doesn’t mean that you’ll be able to sell it for $1 million or more. And as the industry jostles for more fans overseas, some fans say the. CryptoPunk #7804: $7. Free high resolution picture download. 26% ), only for digital assets. As a way of sending, receiving, or storing value ETH works much like Bitcoin. Generally tagged PFPs, profile picture NFTs are digital collectibles, often static, 2-dimensional images that were created to be displayed on social media. Consumers have the opportunity to purchase "The Show FanBox NFT Collection", which is a set of short clips of K-Pop stars appearing on the "The Show". Choose between creating a single digital copy of your NFT and creating multiple copies to sell the same item multiple times. Etymology. An NFT can be bought and sold in online marketplaces. The nutrient solution flows in a thin film over the roots, ensuring that they are watered and fed but not completely soaked. In its simplest form, non-fungible means a unique digital asset. 018308 USD with a 24-hour trading volume of not available. Think of an NFT like a first edition of a book signed by the author, a print of a painting signed by the artist, or a limited-edition vinyl record signed by all the members of the band. Fans will be able to buy “The Show FanBox NFT Collection”, a set of short clips of K-pop stars appearing on The Show, a weekly music programme on South Korean channel SBS. Photo: Beat Interactive. An NFT, or non-fungible token, is a digital certificate of ownership that represents a digital or physical asset. They debuted on February 13, 2023 with the mini album Assemble. Choose whether you want your NFTs to have visual, audio or written components – or all three. The first NFT on our list is from CryptoPunk, known. Modhaus follows an open architecture. Sentence: Wonyoung from IVE / Iz*One is so talented! She truly is a fourth-gen ace. These major marketplaces have well-stocked support sections, and resources to help you get started with buying and selling NFT art. , was founded in February in Delaware, according to public records. NFT Meaning. Aespa, the four-member K-pop group from SM Entertainment, is launching an NFT collection with the Web3 artist Blake Kathryn that will give fans access to exclusive content and a rare meet-and. Hobbs is best known as the creator behind the Art Blocks project Fidenza, which racked up numerous seven-figure (USD) sales in 2021, and his next move was eagerly anticipated. This article uses examples to explain how a non-fungible token (NFT) works and its seven main uses. NFT, short for a non-fungible token, is defined as a blockchain record intrinsically connected to a real word or digital asset with clear ownership via smart contract technology, which allows NFT to be bought, sold, traded, or transferred. e. 概要. Even kpop fans realize there's literally no point in spending real money on a digital "certificate of authenticity" for something you see for free anyways. They cannot be exchanged or traded equivalently like other cryptographic assets. NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. The Bottom Line. abstract art. And as the industry jostles for more fans overseas, some fans say the. Since the inception of the modern music industry as we know it, there have been thriving parallel markets for a milieu of memorabilia; autographed items, vinyl. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends. The first NFT collection from former President Donald Trump sold out less than a day after going on sale, giving its creators a nearly $4. e. 4 Million. ”. The Collins English dictionary defines metaverse as “a proposed version of the internet that incorporates three-dimensional virtual environments. Definition of PFP NFTs. Minting an NFT, or non-fungible token, is publishing a unique digital asset on a blockchain so that it can be bought, sold, and traded. "Token" comes directly from the crypto space, and "fungible" is a jargon term from finance and economics. bear panda nature. A non-fungible token, or NFT, is a non-interchangeable digital asset such as a photograph, song, or video whose ownership has been authenticated and stored on a database called a blockchain. ”. An NFT is a digital asset that exists on a blockchain, a record of transactions kept on networked computers. E launched an NFT merchandise line. K-Pop music has had a meteorite rise in recent years. 1. But the highs of achieving comeback streaming goals and crying over an idol’s. Many physical assets are also non-fungible. Consumers can even “ rent ” your NFT to use in games and other activities. Another me in another universeThere are two main ways to mint your own Ordinal NFT right now. In one of the first cases of its kind that could have significant implications for digital assets, a court in Singapore has issued a freezing injunction prohibiting the sale of a Bored Ape nonfungible token. These. Hayeon’s AI-Produced Single “idkwtd” Will Be Sold As NFT Content. e. therefore i don’t think there’s any necessity. Top Shot is a digital platform with its own trading cards that uses NFTs to track. That was simple, yes, but understanding what it means is not the same as understanding what it actually is. NFT stands for ‘non-fungible token’. NFC, which is short for near-field communication, is a technology that allows devices like phones and smartwatches to exchange small bits of data with other devices and read NFC-equipped cards. Shop thousands of Meta Meaning tote bags designed and sold by independent artists. 1. Instead, it just has unique digital representation in the form of a non-fungible token on the blockchain. The uniqueID and metadata that. for your 'are kpop fans whipped enough to promote nfts if their faves do it' question. If you've spent any amount of time on the internet this week, you've probably seen a Facebook post, tweet or news headline about "NFTs. NFT stands for non-fungible token. Blockchain transactions take place on NFT marketplaces, reducing the obstacles of self-promotion. OpenSea. The reason why a POB is special is because the pictures are usually exclusive and are not easily. No matter how intimately you plan on getting involved with NFTs, you need some understanding of blockchain and cryptocurrencies to follow along on NFTs. They are built on blockchain technology and. For example, my first attempt to get on the blockchain was a failure, but I did not give up. They are. An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. Although there are other programmable blockchains that offer smart contracts, such as Wexchain, most NFT marketplaces are still hosted on Ethereum’s blockchain. Nutrient film technique ( NFT) is a hydroponic technique where in a very shallow stream of water containing all the dissolved nutrients required for plant growth is re-circulated past the bare roots of plants in a watertight gully, also known as channels. Blockchain transactions take place on NFT marketplaces, reducing the obstacles of self-promotion. BTS is getting into NFTs. NFT art is a digital asset that the buyer owns and can sell or trade on a blockchain platform. As a business, you can earn revenue, in perpetuity via a royalty, through a smart contract. Every NFT contains a digital signature which makes each one unique. But while NFTs may be fetching eye-popping, eyebrow-raising valuations, there is a logic to how — and when — they create value. nft數位藝術通常不會將關連作品儲存在區塊鏈上，因為這種檔案都很大。這類代幣的作用就像所有權證明，以網址來指向該藝術品，因此失效連結會是直接的傷害。 環境衝擊的疑慮. As of date, across NFT marketplaces, the trading volume of NFTs surpassed. Grimes is the latest artist to get in on the NFT gold rush, selling around $6 million worth of digital artworks after putting them up for auction yesterday. It is known as Modhaus and is operated by K-pop fans. Read on to find out how NFTs work and if they’re safe to use. Real estate, for example. This raises two important considerations: 1) Ownership of the underlying asset . Jinni left the group on December 9th, 2022. When you purchase NFTs, you are buying the ownership of digital items, often art pieces or other creative products. If there’s one thing that has the potential to do the seemingly impossible and unite all of K-pop’s fandoms in 2021, it’s the industry embracing NFTs (“non-fungible tokens. Yogapetz. They were introduced to the public through a pre-debut project that began in May 2022, where each of the members are being revealed. Read more: NFT Art Sales Reached All-Time High of $8. The token is a digital item that represents a physical or digital item as information. They aim to be the world's first. South Korean music label Modhaus has announced the impending launch of its first K-pop girl group, comprising members selected by fans through an NFT-based voting process. Core Aspects of Floor Price. NFT stands for “non-fungible token. This is because in proof-of-work, miners control transaction inclusion, exclusion, and ordering. NFTs are having their big-bang moment: collectors and speculators have spent more than $200 million on an array of NFT-based artwork, memes and GIFs in the past month alone, according to market. NFT stands for non-fungible token. ’. Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. Drops" as a part of Line’s DOSI NFT trading service that opens later this month. Create the NFT: Once you have filled in the details of your NFT, simply select. 概要. When fans declare, “I’m OT7,” they express their love for the entire band. 95%) or Etsy ( ETSY 1. It is, by definition, one of a kind. NFT Marketplace: Visit an NFT marketplace like OpenSea. NFT art is a digital asset that the buyer owns and can sell or trade on a blockchain platform. 3m – The most expensive NFT ever sold to a single owners. NFT breeding. Anybody can create an NFT — but that doesn't mean anyone will buy it. NFTs usually take the form of some type of artwork (graphic, audio, or video), or even in-game assets for certain virtual worlds — but they can also represent real-world assets like art, collectibles, and. Since NFTs for physical assets go through rigorous compliance. Coinbase’s Saxena said on “NFT Now” that “NFTs can reflect who you are, your ethos, your values. Our major issue with them is that they're bad for the environment or something. (b. A gal on insta was hell bent on buying each one of my art pieces as NFTs at $10,000 per piece!! How good is thaaat!! I told her that I can sell her my original artwork and all the rights for just $500 per piece and she can convert it to her own NFT. 11. C. The first is to describe all cryptocurrencies besides Bitcoin and Ethereum (even though they are technically also tokens). ”. K-pop is the name of a pop music sensation that originated in South Korea and is sweeping the globe. Here are the top 5 major entertainment companies in Korea that are exploring the integration of NFT into their business: 1. " NFTs are one-of-a-kind digital assets number that can convey ownership of digital content such as images, videos and music. How NFT games are changing the way we play. NFT son las siglas en inglés de token no fungible. Some people like to collect NFTs and hold a large portion of a collection. 4 Million. Eternity. What does NFT mean. The NFT marketplace also offers artists their own NFT smart contracts at no cost as well as additional customized smart contracts with our proprietary technologies for NFT utilities as well as special Ethereum gas optimization. An NFT is a unique digital asset that is not directly replaceable with another digital asset (thus the name "non-fungible"). OnchainRocks. We would like to show you a description here but the site won’t allow us. Unlike cryptocurrencies that also use the blockchain network for ownership verification, one NFT cannot be directly exchanged with another NFT. The fans solely operate these procedures. And each unique digital art has metadata that contains the artist's name, creation date, title, and other relevant information. 8% growth in recorded music revenues and its position as the fastest-growing major music market last year. They are developing a platform where fans participate in the entire process. Modhaus is an unprecedented open architecture K-Pop agency that aims to lead the global music industry. An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. Transactions are recorded in an account book called a ledger. Jaden Jeong needs to get with the times. Modhaus has completed an NFT-based voting process, called Gravity, that will define the member composition of the first K-Pop group directed entirely by. NFTs are created through the process of minting. Head to your profile, click on the NFT you want to sell and click on “put on sale”. They debuted on July 6, 2022 with the mini album Wanna Know. They are. NFTs signal the latest evolution in blockchain-based assets, moving beyond cryptocurrencies. NFT floor price is often determined and set by the owner of the NFT. Momoland (Korean: 모모랜드; RR: momolaendeu, stylized in all caps) was a South Korean girl group formed by MLD Entertainment (formerly known as Duble Kick Company) through the 2016 reality show Finding Momoland. One of the […]Non-fungible tokens (NFTs) are designed to be i) cryptographically verifiable, ii) unique or scarce and iii) easily transferable. The members will rotate between the group, sub-units, and solo activities, as chosen by fans who will be able to communicate with the group and participate in their activities such as deciding the sub-units and the content through NFT. Binance, one of the world's largest cryptocurrency exchanges, has its own NFT marketplace. The project launched in April 2021. -based music NFT platform with Dunamu, the operator of South Korea’s crypto exchange Upbit. The token is a digital item that represents a physical or digital item as information. After you’ve set up a wallet, you’ll need to find a marketplace to list, mint, and sell your NFT art, such as Rarible, Opensea, or Nifty Gateway. C. Most of us don't even really understand it. They debuted on February 22nd, 2022 with the single album “AD MARE”. The boy-band sensation from South Korea is planning to sell digital cards of its band members that can be collected or traded, similar. The trick here, however, is to know what fungible means. At first, I had some difficulties, but I overcame them and achieved my dream. High quality Meta Meaning inspired Pillows & Cushions by independent artists and designers from around the world. European Central Bank (ECB) President Christine Lagarde has revealed that her son endured substantial losses in his investments in cryptocurrencies. The NFT is essentially the title to a particular, unique bottle of alcohol, and the owner may redeem the NFT for the physical item. This token is very different in design as compared to fungible tokens like BTC, ETH, or SOL. Triple S makes good music so I'm happy to listen to them, and I stay away from the NFT bs. Some NFT marketplaces, like Nifty Gateway and MakersPlace, let you trade NFTs using traditional payment methods. dream fantasy ghost. So what is an NFT, anyway? In essence, an NFT, or non-fungible token, is just a record that someone owns something. NFT Meaning (Fungibility Meaning) The key idea in this term is, non fungible. Credit: Binance. There are also projects that encourage users to purchase more NFTs with a view of creating other valuable digital assets. That is, each Bitcoin is identical to one another and, thus, are valued exactly the same (you can read our post on tokenomics for further details). NFT's are already dying. Because the nature of NFTs is intrinsically tied to future technological developments. The company selling the cards, NFT INT L. [2] It includes styles and genres from around the world, such as pop, hip hop, R&B, rock, jazz, gospel, reggae, electronic dance, folk, country, disco, and classical on top of its. Some advantages include: Allowing anyone to invest: NFT markets have broad and global reach, meaning demand is theoretically infinite—an advantage to driving value to an NFT if supply is limited. Ether also works as a virtual currency and store of value. They just want the deed. Browse, create, buy,. Mechanized machines in fierce combat — this is something many will easily stand behind. Binance NFT MarketPlace. But whereas a bitcoin is like a dollar bill—insofar as each one is worth as much as every other (making them fungible)—NFTs are individually unique. Head back to Rarible's homepage and click the blue Create button at the top right. He is well-known as a member of the legendary K-pop duo CLON. A blockchain is a type of distributed database or ledger—one of today’s top tech trends —which means the power to update a blockchain is distributed between the. On June 10, 2022, it was revealed that REDSQUARE had officially rebranded as IRRIS, with their Twitter and Instagram accounts redirecting to their new ones and are now presumably under. Definition. If an artist uploaded the same image twice onto the blockchain—the decentralized (and therefore. DEFINITION. PFP NFTs are distinct from other kinds of assets in the because they are verified on a blockchain network, making them. These items are stored individually on the blockchain. If you don't have a wallet yet, you can select a provider and create one now. ) Sometimes the leader can be the member who was a trainee for the longest period of time out of all the members of the band. 12:28 (UTC), 5 November 2021. And yet, when K-pop labels made their NFT launches public earlier this year, the response from many fans was brutal. NFTs, or non-fungible tokens, share some similarities with cryptocurrencies like Bitcoin. Royalty-free images. What was once confined mainly to South Korea and neighboring countries like Japan, K-Pop, a genre that mixes elements of Hip Hop, R&B, EDM, and other musical styles has left its home and is quick-becoming a major cultural influence around the world. NFTs are digital tokens created on a blockchain with reference data tied to the traits of the NFT. NFTs are tokens that are individually unique. By some. The live NFT price today is $0. Non-fungible means that the token is unique and doesn’t have the. They are unique digital objects that can be cool to own or even profitable to trade. High quality Meta Meaning inspired Coffee Mugs by independent artists and designers from around the world. C. NFT stands for non-fungible token. What Is an NFT? Non-Fungible Tokens are a direct product of the blockchain explosion. Modhaus has a one-to-one connection between blockchain, NFT, and the fans from trainee selection to creating the concept. Decentralized applications (dApps) are digital applications or programs that run on a decentralized network, rather than a single computer or server. NFT stands for “non-fungible token. An NFT is a unique digital object with its own traceable history and each object would have a record on the blockchain. nft museum seattle reddit; Why Would You Burn An Nft; top 5 nft games philippines; dehero nft; Nodejs nft: eos nft wallet. Wallet Connection: Connect your wallet to the. Some examples are Bored Apes and Doodles. Some NFT marketplaces, like Nifty Gateway and MakersPlace, let you trade NFTs using traditional payment methods. Learn more. A K-pop slang cheat sheet for the newbie stan. nftは、ブロックチェーンと呼ばれるデジタル台帳上に記録されている売買可能なデータ単位である。 nftは、特定のデジタル資産や物理的資産（コンピュータ上のファイルや物理的な物体など）、およびその資産を特定目的で使用するためのライセンスに関連づけることができる 。I don't understand why kpop fans hate NFTs so much. But the decentralized Ethereum network also makes it possible to create and run applications, smart contracts and other transactions on. E and WAX on the first-ever. In most K-Pop groups there’s an appointed leader, who’s usually (but not always) the eldest member or at least one of the eldest members. The information on this digital certificate, also known as a smart contract, makes each NFT unique. Eternity. Step 2 – Buy crypto. K-pop ( Korean : 케이팝; RR : keipap ), short for Korean popular music, [1] is a form of popular music originating in South Korea as part of South Korean culture. Anything can become an NFT—a piece of art, sports memorabilia, or even a tweet. jewel thumb fingers. That’s what NFTs are all about. Meaning, each different $1 can usually be replaced with another $1, in a 1:1 ratio. The sub-unit’s debut song was “The One I Love,” the official soundtrack of a K-drama “Hyena” which was released in November 2006. Unlike the original. Very large text size. As a general rule of thumb, you will only need your seed phrase when creating a hardware backup of your crypto wallet or when recovering your wallet. “K-NFT is proud to work with A. Find & Download Free Graphic Resources for Nft. Non-fungible tokens ( NFTs) were first introduced on the Bitcoin blockchain ahead of operational smart contract functionality on the network. Allegedly, there is no NFT out there that are completely safe for the environment as of now. It is a unique digital file that is stored on a blockchain network. NFTs, by contrast, are unique. By creating a system of verifiable digital ownership NFTs. The term could refer to a group’s overarching concept (think girl group. An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. NFT stands for “non-fungible token” — “non-fungible” means it cannot be exchanged for something of similar value. The NFT case is a consistent application of the same premise. HYBE. The meaning of NFT is non-fungible token. Binance NFT offers the typical digital assets found on other major platforms: artwork, gaming items. Nonfungible, meaning you can't exchange it for another thing of equal value. Even NFT collections with large market caps can move like penny stocks, often advancing or declining 100% daily. It builds off an existing cryptocurrency to generate this token. They pushed back hard against the plans,. Unlike cryptocurrencies, there can only be one instance of each non-fungible token at any given time. Editor’s note: This reporter minted and subsequently sold Loot NFTs on the day of the launch, are nfts securities or commodities Star Atlas. Maps and some units are represented by corresponding tokens. ”. APOKI. English-language dictionaries typically define anime (/ ˈ æ n ɪ m eɪ /) as "a style of Japanese. Naïve by Olga Fradina. An NFT, or non-fungible token, is a unique digital representation of a good — for our purposes, a work of art. 5 ETH, roughly in the $7,000 range,. 4EVE Members Profile. Upload the. He makes digital art—pixels on screens depicting bizarre, hilarious, disturbing, and sometimes grotesque images. He is a member of the boy group SEVENTEEN, and it’s subunit 'Hip-Hop Team'. Asset originators can now create asset pools using the tokenized real world asset NFT as underlying collateral. Leveraging cryptographic signatures native to the blockchain on which an NFT is issued, one can easily determine the origin and the current owner of the asset in question in seconds. NFT definition: 1. Jaden Jeong needs to get with the times. The sale of NFTs is a means of selling digital art without building an extensive social network. NFTs have been controversial in K-Pop, with many entertainment companies creating their own. NFT Calendar is the first release and event community-driven calendar for the growing Non-Fungible Token industry. S. A PFP NFT, or picture-for-profile non-fungible token, is an exclusive digital image designed to serve as its owner’s personal profile picture. The collection features Wei, Woo!Ah!, Kim Jae-hwan, B. NFT stands for ‘non-fungible token’. , how they are valued and used. NFT enthusiasts often argue that NFT ownership is a way to support creators. The members will rotate between the group, sub-units, and solo activities, as chosen by fans who will be able to communicate with the group and participate in their activities such as deciding the sub-units and the content through NFT photo cards called. which is represented by Kyuhyun, Ryeowook, and Yesung. This asset is converted into an NFT, which includes relevant legal documentation. A Non-Fungible Token is a piece of code on a computer that exists in a fashion similar to that of cryptocurrency like Bitcoin. BTS' Tomorrow. Choose an NFT marketplace. The current CoinMarketCap ranking is #1487, with a live market cap of $674,884 USD. E and WAX on the first-ever. NFT is an acronym for “non-fungible token. The first way is by starting up a full Bitcoin node and running Ord on the node. TrekkiNFT. . A PFP NFT, or photo-for-Profile non-fungible token, is a one-of-a-kind digital creation created for the express purpose of serving as a user profile photo or avatar on social media. Maximal extractable value was first applied in the context of proof-of-work, and initially referred to as "miner extractable value". NFTs usually take the form of some type of artwork (graphic, audio, or video), or even in-game assets for certain virtual worlds — but they can also represent real-world assets like art, collectibles, and. An NFT is a digital asset that can come in the form of art, music, in-game items, videos, and more. NFTs are stored on the blockchain to prove ownership and authenticity of unique digital or tangible items. their…Each time an NFT is transferred or created, the action is permanently recorded on the blockchain and timestamped, meaning it’s possible to trace any single NFT right back to its genesis. – APOKI is a virtual artist, singer, dancer, and YouTuber under VV Entertainment. An NFT – non-fungible token – is a digital asset that represents a real-world object like, for example, the Charlie Bit My Finger video that sold for £500,000 back in May. NFT stands for 'non-fungible token'. Every NFT contains a digital signature which makes each one unique. Non-fungible means that something is unique and can’t be replaced. It is not possible to infer from the use of the term “NFT. You don't care which specific dollar bill (or ETH) you have in your. To give an example, if I trade you my $5 bill for your $5 bill, nobody made a profit. 5 million windfall. This creates an auditable log of the tokens creation, metadata, ownership and transaction history over time. ”. “Ether” is the native cryptocurrency token used by the Ethereum network. The letters NFT stand for Non-Fungible Token. Summary. In essence, “OT,” a. Others, like SuperRare and OpenSea, only let people use cryptocurrency. Nutrient film technique. Past NFT pack sales on WAX have quickly sold out in under six minutes, and very high demand is anticipated for these K-pop idols. A $10 bill can be exchanged for two $5 bills. 00%, while the average rate on a 30-year jumbo mortgage is. It is known as Modhaus and is operated by K-pop fans. But is it really worth it, and what do you really get? The International Federation of the Phonographic Industry revealed in its global music report released in March that 2020 had been a “record-breaking year for K-pop,” as it drove South Korea to 44. To call something fungible is to imply that you can replace it with another identical and available item of the same value. single. OK, I know NFT stands for nonfungible token. Although there are other programmable blockchains that offer smart contracts, such as Wexchain, most NFT marketplaces are still hosted on Ethereum’s blockchain. Definition: An idol or group of idols that excels in visuals, vocals, rap, and dance. NFTs have become the bridge between artists and fans, offering unprecedented opportunities for interaction and ownership. But anyone can make NFTs , even out of content that doesn’t belong to them meaning fakes and scams abound. QQL is an Ethereum generative art NFT collection created by Tyler Hobbs and Dandelion Wist. ). It took just four years for the Korean entertainment industry's global market to grow from US$5. 3.