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#30 - On Tech | Digital Art, NFTs & A New Frontier
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Content provided by Mr. Wildenfree (A Welll of Being) and Mr. Wildenfree. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mr. Wildenfree (A Welll of Being) and Mr. Wildenfree or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
My goal is to inform creators & curators alike about the emerging field of Digital Art within the Blockchain space, enabled by NFTs, Non-Fungible Tokens.
DEFINITIONS
DEFINITIONS
- Fungible - able to replace or be replaced by another identical item; mutually interchangeable.
- ERC Standard - ERC is an acronym that stands for Ethereum Request for Comments. ERCs are application-level standards for Ethereum and can include token standards, name registries, library/package formats, and more. Anyone can create an ERC, but it is the author’s responsibility to clearly explain their standard and foster support for it within the community. (Yahoo)
- ERC-20: This is the standard API used for fungible tokens, including transfer and balance tracking functionalities.
- ERC-223: This standard protects users from accidental contract transfers.
- ERC-721: This is the most popular non-fungible token (NFT) standard. While fungible tokens can be divided, non-fungible tokens can not. NFTs can be owned and transacted by individuals as well as consigned to third-parties. NFTs can represent ownership over digital or physical assets.
- ERC-809: This standard is used to rent rival non-fungible tokens. An NFT is described as ‘rival’ if its use/ownership by one individual prevents simultaneous use/ownership by other individuals. ERC-809 allows an owner to rent access to their rival NFTs using a standard set of commands, and users can view all past and current rental agreements from a single wallet interface.
- ERC-1238: This standard covers non-transferable tokens (or ‘badges’).
- ERC-1400: Partially-Fungible Tokens
Today's Resources & Links
It's Day 17 of "February Flowing" ! Follow the journey by visiting my Instagram Profile! (Instagram | Mr. Wildenfree)
Opening & Closing Song: "Controllervibe" by Mr. Wildenfree, available now on all major streaming platforms!
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