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NFT Crypto Guide 101 📚

🔹What are Non-Fungible-Tokens?
🔹What are NFTs used for?
🔹What do I expect for the NFT space in 2021?
🔹What NFTs do i hold?
🔹Where do I buy NFTs?

I will go through all of these questions.

Thread below 👇

 🔹What are Non-Fungible-Tokens (NFTs)?

NFTs are crypto tokens that represent something unique. They are not mutually interchangeable.

This means that one NFT is not the same as the other.

Unlike for example Bitcoin, where each satoshi is exactly the same as the other.
These NFTs exist on the Ethereum Blockchain. Instead of ERC-20 tokens, we call these NFTs: ERC-721 or ERC-1155 tokens.
Each of these NFTs have an unique ID that seperates them.

For example, The Hashmask with ID #6718 is completely different than the Hashmask with ID #9939.

Different visually as well as the ID on the blockchain.
🔹What are NFTs used for?

NFTs are used to create verifiable digital scarcity and digital ownership.

The main applications we see today are:

🔹Digital Art
🔹Collectibles
🔹Games
So aren't NFTs just digital pictures of something?

Well, yes and no. Sure, if you got a NFT art piece you may not be able to physically hang it on the wall, but one thing you do know: You're the owner and there isn't anything like your piece of art.
Forgeries would be very easily identified and everyone in the world can see your piece and see you're the owner. All verified by the blockchain.

Just the fact of having a one-of-a-kind piece of something is very valuable to a lot of people, even if it's digital.
You could even say your digital piece is easier to display to the world than a physical painting that's just hanging in your home. Now, millions of people can see it.

Besides that, some of these art pieces are made by professional well-known artists which adds even more value.
Games are also a very good use of NFTs. In this case, a NFT could be for example, a special weapon or character that has certain stats that may be better or worse than another NFT. Now we're already talking actual ingame advantages on these NFTs.
We all know how big the gaming industry has become by now, and how quick it is still growing to this day.

Trust me, there is PLENTY of people that would love to spend a fortune on something that gives them an unique extra ingame. Whether it's something powerful or just cosmetic.
🔹What do I expect for the NFT space in 2021?

I will start of by saying I am very bullish on the entire NFT scene for 2021 and onwards.

We are only just seeing the tip of the iceberg. NFT projects are getting progressively more attention these last few months.
Meanwhile, more and more companies are developing amazing initiatives and projects all around NFTs.

We are even seeing some coverages of big purchases by big media sites like Coindesk.

https://t.co/cTa9PN2B1p
Just recently, we've seen the sale of 9 rare land plots within the @AxieInfinity universe for a stunning $1.5 million dollars. And this is likely only the beginning.

As more and more attention flows towards NFTs i don't expect anything less than a big NFT boom this year.
The current combined market cap of tokens listed within the NFT category on @coingecko is just $2B.

I would not be surprised to see this go towards $10B+ this year.
🔹What NFTs do i hold?

Only mentioning this because i know i will get asked this.

No financial advice, obviously. 🙂

My Current NFT token (ERC20) holds are:
$PGT, $GHST, $NFTX, $MEGA, $PAINT & $B20.

I hold NFTs in:
@AxieInfinity, @ApeInFinance & @MegaCryptoPolis
🔹Where do I buy NFTs?

NFTs are generally bought on websites like @opensea and @rariblecom. These websites enable you to buy and sell your NFTs but also to list your personally created NFTs.

The ERC-20 tokens are usually available on CEX's, @Uniswap or @SushiSwap.
🔹Summary:

NFTs are one of the newest hypes within the crypto space but still relatively small compared to the rest of the market. The space is getting more attention by the day.

I think a lot of NFTs and projects working within the NFT space have a bright 2021 ahead of them.

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Lots of people are sleeping on one the biggest things @quant_network is currently involved in-ODAP (Open Digital Asset Protocol).

So what is exactly #ODAP and why this makes $QNT one of the most significant and, regarding #crypto mcap, undervalued projects?

Time for a THREAD⬇️


1/ODAP is the protocol for communication between gateways, primarily with an enterprise focus.
So banks, central banks etc. would run a gateway in Overledger Network and ODAP would be the protocol for gateways to communicate with each other in a secure and trustless manner. $QNT


2/ #ODAP Interfaces are the open source connectors that will connect a gateway to #blockchains and any existing network / API. That is based on the standards from work done at ISO TC 307 which 57 countries are working towards.
$QNT CEO Gilbert Verdian is the founder of TC307.


3/We know from the submitted drafts via #IETF (the Internet Engineering Task Force) $QNT is working on #ODAP with:

✅@MIT

✅@intel

but, there’s more to the story as we found out from Gilbert that US Government, Juniper, payment and telecom companies are also there.


4/So how it all started with #ODAP?
Let’s go back to $QNT CEO Gilbert Verdian’s interview with Santiago Velez on #RealVision (October 14th) and try to put all the pieces of the puzzle together.
I’ll forward his words ⬇️
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Patrick McKenzie
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Bitfinex files discovery in "Yo bro, where did our $800 million go?" action and it is every bit as interesting as you'd expect it to

Here's their CFO describing their agreement (which we know from other litigation was never contractualized because, presumably because money launderers hate paper trails):


Bitfinex's CFO was shocked, shocked to learn that the money launderer they engaged to provide money laundering services while I-swear-to-God-this-is-an-actual-quote "we learned to bank like criminals" may have from time to time lied to banks.


"Institutional constraints" means, here, "We were attempting to avoid velocity checks placed by our banking partners to detect fraud and money laundering, which would have detected our fraud and money laundering."


Money at the speed of code, yadda yadda yadda, the Bitcoin economy is surprisingly blasé when several hundred million dollars is in an interstitial state for months.

In a situation never before encountered by a financial institution: the check was not, in fact, in the mail.
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Ben Kaufman
Ben Kaufman
@_benkaufman
🧵Thread: 10 Rules for Verification on a #Bitcoin Hardware Wallet 👇

Rule #1: DO NOT TRUST THE COMPUTER SCREEN.

The very reason for using a hardware wallet is that your computer IS compromised, trusting it makes using the hardware wallet an expensive security theatre (or 2FA at best).
Always verify on the HWW device screen!

Rule #2: Verify your "receive" addresses BEFORE accepting funds.

A compromised computer can be tricked into displaying addresses that belong to an attacker. The only way to make sure you own the addresses is to display them on the HWW device and verify they match.

Rule #3: Verifying change address should be done by the device when sending funds, not before like receive addresses!

It is pointless at best, and misleading at worst, to verify them beforehand like receive addresses...

All hardware wallets support verifying the change address belongs to you AT TIME OF SIGNING A TRANSACTION.
Verifying before that is pointless and error-prone.

Now let's talk some multisig...
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Altcoin Sherpa
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@AltcoinSherpa
Quick Thread on #Altcoins/ #Altseason

Step 1: $BTC has a huge correction. Every range starts with either a pump (or dump) and then follows with a dump (or pump). In this case, #Bitcoin pumped and is now pulling back. This is


Step 2: $BTC ranges big once it finds a bottom. This will allow it to reaccumulate for a big summer run in 2021. This is HEALTHY IMO.


Step 3: Once $BTC finds a bottom and starts to grind up again, I expect $ALTS to do very very well in both alt/usd and alt/btc pairs. ALTSZN is almost always characterized by strong alt/btc pairs moving- I've already accumulated most and have done my final buying today and more.

$BTC.D typically has a very nice time during this time of the year. I was off on December prediction bc I thought $BTC was going to pull back by then but oh well! #Altcoins will start their pumping time VERY soon now.


More information on what #Altseason is and $ALTS market
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1/9 #BSC Daily from


2/9 #BSC Daily from
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