But that doesn't help, does it?
Let's take one step at a time. What is a token?
🌟 WTF are NFTs?
=============
The ultimate thread (in simple English) to take you from zero to hero.
Get some coffee and come with me on this journey 👇
But that doesn't help, does it?
Let's take one step at a time. What is a token?
- Currency of an ecosystem.
- Flag of a country.
- Lease of your car/home.
- Amazon credits.
Anything well-defined.
Which, like any other currency, is fungible. Fungible, eh, what?
One dollar in my pocket is exactly the same as the one dollar in your pocket.
👉 Fungible = interchangeable.
Unless they are not.
Are they interchangeable now?
NO.
What you have in your pocket is one of a kind.
Unique.
Non-Fungible.
One dollar? Naah.
Ten? Maybe.
A hundred? Who knows?
The value of that one dollar totally depends on who is valuing it.
- If a collector gets it, they might keep it forever and pass it onto the next generation.
- If the president him/herself gets it, they might value it as just another dollar (because they can make more).
It's a non-fungible token.
Now, back to the crypto world...
One bitcoin in my wallet is valued exactly the same as one bitcoin in your wallet.
But in 2014, something called "monetized graphics" came around, and it was....
Made by @mccoyspace and @anildash.
In 2014, it was minted on the Namecoin blockchain.
It is called "Quantum."
And it is the first-ever NFT.
In simple terms, blockchain is a record-keeping mechanism.
It can keep any sort of record, and they look like this –
Example –
1. If the data contains my Bitcoin balance, the data is valued in BTCs.
2. If the data contains my Ethereum balance, the data is valued in ETHs.
A unique combination of zeros and ones that makes up the digital media (image, song, video, etc).
[Sidenote – Everything digital is some unique combination of zeroes and ones.]
Think of your favorite popular artist. Mine is Shakira.
There's one original account. And a million fake accounts in her name.
What's the difference?
To put the data that makes up the digital media on a blockchain, along with its owner. To start with, the creator is the owner.
(The original Namecoin blockchain was limiting and not well adopted.)
And it went for $1.4mn. 💸💸💸
They simply get their name attached next to the data that represents the digital media.
Forever.
(Or until they decide to sell it further.)
Like your autographed dollar bill –
If a homeless person gets it, they might exchange it for a nice meal.
If a collector gets it, they might keep it forever and pass it onto the next generation.
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👨💻 Last resume I sent to a startup one year ago, sharing with you to get ideas:
- Forget what you don't have, make your strength bold
- Pick one work experience and explain what you did in detail w/ bullet points
- Write it towards the role you apply
- Give social proof
/thread
"But I got no work experience..."
Make a open source lib, make a small side project for yourself, do freelance work, ask friends to work with them, no friends? Find friends on Github, and Twitter.
Bonus points:
- Show you care about the company: I used the company's brand font and gradient for in the resume for my name and "Thank You" note.
- Don't list 15 things and libraries you worked with, pick the most related ones to the role you're applying.
-🙅♂️"copy cover letter"
"I got no firends, no work"
One practical way is to reach out to conferences and offer to make their website for free. But make sure to do it good. You'll get:
- a project for portfolio
- new friends
- work experience
- learnt new stuff
- new thing for Twitter bio
If you don't even have the skills yet, why not try your chance for @LambdaSchool? No? @freeCodeCamp. Still not? Pick something from here and learn https://t.co/7NPS1zbLTi
You'll feel very overwhelmed, no escape, just acknowledge it and keep pushing.
- Forget what you don't have, make your strength bold
- Pick one work experience and explain what you did in detail w/ bullet points
- Write it towards the role you apply
- Give social proof
/thread
"But I got no work experience..."
Make a open source lib, make a small side project for yourself, do freelance work, ask friends to work with them, no friends? Find friends on Github, and Twitter.
Bonus points:
- Show you care about the company: I used the company's brand font and gradient for in the resume for my name and "Thank You" note.
- Don't list 15 things and libraries you worked with, pick the most related ones to the role you're applying.
-🙅♂️"copy cover letter"
"I got no firends, no work"
One practical way is to reach out to conferences and offer to make their website for free. But make sure to do it good. You'll get:
- a project for portfolio
- new friends
- work experience
- learnt new stuff
- new thing for Twitter bio
If you don't even have the skills yet, why not try your chance for @LambdaSchool? No? @freeCodeCamp. Still not? Pick something from here and learn https://t.co/7NPS1zbLTi
You'll feel very overwhelmed, no escape, just acknowledge it and keep pushing.
