Questions and Answers about
NFT
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in TechnologyWhat are Ordinals?
Answer: Ordinals are the latest type of NFTs that are based on Bitcoin and stored directly on the blockchain. They were introduced in January 2023 after an upgrade enabled more data storage capacity for each satoshi (the smallest unit of bitcoin). Unlike other NFTs that rely on external platforms, Ordinals cannot be altered or deleted…
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in TechnologyWhat’s OpenSea?
Answer: OpenSea is an eBay-like site where people can browse millions of NFTs (non-fungible tokens), buy the images, and put their own up for sale. Since 2021 OpenSea has become the largest NFT marketplace worldwide. The company has raised more than $400 million from investors, at a value of $13.3 billion
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What are Batman Cowl NFTs?
Answer: Starting April 26, 2022, DC is releasing its Bat Cowl Collection — 200,000 unique NFTs, which are 3D-rendered images that “draw on the Caped Crusader’s 83-year history.” The NFTs will be priced at $300 apiece, meaning DC and Warner Bros. are planning to make $60 million from the sale. The new NFTs will be…
