Have you ever played Monopoly? It’s usually played with family and friends. The object is to make everyone hate you.
Have you ever played Monopoly? It’s usually played with family and friends. The object is to make everyone hate you.
NFT’s -- non-fungible tokens -- are opening up the world of digital collectibles.
It’s true!
And now you can take the game to the real world.
There’s a company called Upland. They are putting real estate on the blockchainBlockchain
A digital, distributed ledger which contains data for all the transactions that have ever taken place using a given cryptocurrency.
So if you want, you can buy a virtual piece of property corresponding to your favorite S.F. location. All it costs is ETHEther (ETH)
The native tokens of the Ethereum platform. Required in order to send transactions or execute smart contracts.
But it’s broader than that.
NFT’s -- non-fungible tokens -- are opening up the world of digital collectibles. Why, just recently another digital property game (based on the blockchain) sold out of virtual land. The Sandbox -- is what they call themselves.
The Sandbox launched a presale, listed 3,000 pieces of virtual land, and SOLD OUT in a couple of days. This allowed them to raise $206,000.
Decentraland is a similar platform -- and perhaps the most well known. You could say they are the Cryptokitties of the virtual land game. In February they held a 10-day sale and raised more than a $1 million worth of virtual real estate -- all playable by making an avatar in their digital world.
All of these virtual land games are powered by the Ethereum blockchain. Specifically the ERC-721 token.
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