farsite review

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Status: In Progress  |  Genre: Other  |  House: Booksie Classic

currently new to nft? what does nft means? nft means non - fungible tokens right, sorry. “non-fungible” more or less means that it’s unique and can’t be replaced with something else. for example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. a one-of-a-kind trading card, however, is non-fungible. if you traded it for a different card, you’d have something completely different. you gave up a squirtle, and got a 1909 t206 honus wagner, which stadiumtalk calls “the mona lisa of baseball cards.” (i’ll take their word for it.)

Farsite? First what is farsite? Farsite is a decentralized blockchain game like axie infinity, aw running on a block chain, At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin. It is worth noting that other blockchains can implement their own versions of NFTs. ( Like alienworlds mining for TLM  on the wax mainnet)

 

What is nft? NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art. 

 

 


Submitted: April 30, 2021

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