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Blockchain Art
A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. Initially pitched as a new class of investment asset, by September 2023, one report claimed that over 95% of NFT collections had zero monetary value. NFTs can be created by anybody and require little or no coding skill to create. NFTs typically contain references to digital files such as artworks, photos, videos, and audio. Because NFTs are uniquely identifiable, they differ from cryptocurrencies, which are fungible (hence the name non-fungible token). Proponents claim that NFTs provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. The ownership of an NFT as defined by the blockchain has no ...
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Ponzi Scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays Profit (accounting), profits to earlier investors with Funding, funds from more recent investors. Named after Italians, Italian confidence artist Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that profits are derived from legitimate business activities (whereas the business activities are non-existent), or by exaggerating the extent and profitability of the legitimate business activities, leveraging new investments to fabricate or supplement these profits. A Ponzi scheme can maintain the illusion of a sustainable business as long as investors continue to contribute new funds, and as long as most of the investors do not demand full repayment or lose faith in the non-existent assets they are purported to own. Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in German Empire, Germany and ...
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Rare Pepe
Pepe the Frog ( ) is a comic character and Internet meme created by cartoonist Matt Furie. Designed as green anthropomorphic frog with a humanoid body usually wearing a blue tee-shirt, Pepe originated in Furie's 2005 webcomic ''Boy's Club''. The character became an Internet meme when his popularity steadily grew across websites such as Myspace, Gaia Online, and 4chan from 2008 onwards; by 2015, he had become one of the most popular memes on 4chan and Tumblr, and he currently remains one of the most popular memes in the world, as well as a popular emoji on social media, Discord, and Twitch chats. Different types of Pepe memes include "Sad Frog", "Smug Frog", "Angry Pepe", "Feels Frog", and "You will never..." Frog; the most popular sentences associated to him are "Feels Good Man" (a quote from his original ''Boy's Club'' appearance, which became the character's catchphrase) and its opposite, "Feels Bad Man", meant to respectively express joy and sadness. Since 2014, " Rare Pepe ...
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Ethereum
Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015. Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest. Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to un ...
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New Museum
The New Museum of Contemporary Art is a museum at 235 Bowery, on the Lower East Side of Manhattan in New York City. It was founded in 1977 by Marcia Tucker. History The museum originally opened in a space in the Graduate Center of the then-named New School for Social Research at 65 Fifth Avenue. The New Museum remained there until 1983, when it rented and moved to the first two and a half floors of the Astor Building at 583 Broadway in the SoHo neighborhood. In 1999, Marcia Tucker was succeeded as director by Lisa Phillips, previously the curator of contemporary art at the Whitney Museum of American Art. In 2001 the museum rented 7,000 square feet of space on the first floor of the Chelsea Art Museum on West 22nd Street for a year.Randy Kennedy (July 25, 2004)The New Museum's New Non-Museum''New York Times''. The New Museum has exhibited artists from Argentina, Brazil, Bulgaria, Cameroon, China, Chile, Colombia, Cuba, Germany, India, Poland, Spain, South Africa, Turkey, and ...
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Namecoin
Namecoin (Abbreviation: NMC; sign: \mathbb) is a cryptocurrency A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Individual coin ownership record ... originally forked from bitcoin software. It uses proof-of-work algorithm. Like bitcoin, it is limited to 21 million coins. Namecoin can store data within its own Blockchain (database), blockchain transaction database. The original proposal for Namecoin called for Namecoin to insert data into bitcoin's blockchain directly. Anticipating scaling difficulties with this approach, a shared proof-of-work system was proposed to secure new cryptocurrencies with different use cases. Namecoin's flagship use case is the censorship-resistant top level domain .bit, which is functionally similar to .com or .net domains but is independent of the Internet Corporation for Assign ...
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Anil Dash
Anil Dash (; born September 5, 1975) is an American technology executive, entrepreneur, Prince scholar and writer. He is the Head of Glitch and VP of Developer Experience at Fastly. Career In 1999, Dash launched his personal weblog, dashes.com (now anildash.com), while working as an independent technology consultant. From 2001 to 2003, he worked as a new media developer for the ''Village Voice'' before becoming the first employee of Six Apart, the makers of Movable Type, TypePad, and Vox, where he served as a vice president until 2009. From 2009 to 2012 he served as the director of Expert Labs, a Gov 2.0 project to facilitate political participation. After this work, he became an advisor to the White House Office of Digital Strategy under the Obama administration. He was also previously a partner with Michael J. Wolf in Activate Consulting, a media and technology management consulting firm, and a co-founder (with Gina Trapani) and CEO of ThinkUp, a social media aggregation ...
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Kevin McCoy (artist)
Jennifer and Kevin McCoy are an artistic duo and couple based in Brooklyn, NY. They work with interactive media, film, performance and installation to explore personal experience in relation to new technology, mass media, and global commerce. The McCoys are influenced by Lev Manovich and his theories on digital culture and their work often re-examines classic cinema, science fiction, or television through sculptural objects, net art, robotic movies or live performance. They were the recipients of the Creative Capital Award in the discipline of Emerging Fields in 2002 and the Guggenheim Fellowship in 2011. In 2014, Kevin collaborated with Anil Dash to co-create Monegraph, short for “monetized graphics.” The work "Quantum", was included in Sotheby's "Natively Digital: A Curated NFT Sale" in June 2021. Biography The McCoys met in Paris in 1990.
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CryptoPunks
''CryptoPunks'' is a non-fungible token (NFT) collection on the Ethereum blockchain. The project was launched in June 2017 by the Larva Labs studio, a two-person team consisting of Canadian software developers Matt Hall and John Watkinson. The experimental project was inspired by the London punk scenes, the cyberpunk movement, and electronic music artists Daft Punk. The crypto art blockchain project was an inspiration for the ERC-721 standard for NFTs and the modern crypto art movement, which has since become a part of the cryptocurrency and decentralized finance ecosystems on multiple blockchains. CryptoPunks are commonly credited with starting the NFT craze of 2021, along with other early projects including CryptoKitties, Bored Ape Yacht Club, and the sale of Beeple's ''Everydays: The First 5000 Days''. There are 10,000 CryptoPunk tokens total. On March 2, 2022, an anonymous user donated CryptoPunk #5364 to Ukraine's government Ethereum wallet public address to help fund t ...
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Bored Ape
Bored Ape Yacht Club (BAYC), often colloquially called Bored Apes or Bored Ape is a non-fungible token (NFT) collection built on the Ethereum blockchain with the ERC-721 standard. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm. The parent company of Bored Ape Yacht Club is Yuga Labs. The project launched in April 2021. Owners of a Bored Ape NFT are granted access to a private online club, exclusive in-person events, and intellectual property rights for the image. In 2022, Yuga Labs was valued at US$4 billion. This is due in large part to the sales of the Bored Ape Yacht Club NFT collection totalling over US$1 billion as well as high value auction sales from their investor, now defunct FTX. Various celebrities have purchased these non-fungible tokens, including Justin Bieber, Snoop Dogg and Gwyneth Paltrow. Development and function According to the Bored Ape Yacht Club (BAYC) website, the NFT collection was created b ...
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Rebecca Tushnet
Rebecca Tushnet (born April 4, 1973) is an American legal scholar. She serves as the Frank Stanton Professor of First Amendment Law at Harvard Law School. Her scholarship focuses on copyright, trademark, First Amendment, and false advertising. In addition to her general scholarship, Tushnet is known for her fanfiction-related scholarship and her legal advocacy work for the Organization for Transformative Works, a nonprofit fandom-related project that supports fanworks (such as fanfiction) through preservation and advocacy. Biography Education Tushnet was a policy debater at Harvard, getting to finals of the National Debate Tournament in 1992 and 1995, she received an A.B. from Harvard University in 1995, and earned her J.D. from Yale Law School in 1998.Tushnet CV
, University of Chicago. Retrieved November 24, 2019.
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NFT Ownership Diagram
A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. Initially pitched as a new class of investment asset, by September 2023, one report claimed that over 95% of NFT collections had zero monetary value. NFTs can be created by anybody and require little or no coding skill to create. NFTs typically contain references to digital files such as artworks, photos, videos, and audio. Because NFTs are uniquely identifiable, they differ from cryptocurrencies, which are fungible (hence the name non-fungible token). Proponents claim that NFTs provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. The ownership of an NFT as defined by the blockchain has no ...
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