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However only one individual can own the original. What do you consider the $3,600 Gucci Ghost!.?.!? Also, you didn't let me end up previously. That image that Beeple was auctioning off at Christie's ended up costing $69 million, which, by the way, is $15 million more than Monet's painting Nymphas sold for in 2014.

However surely you've heard of penguin communities!.?.!? Right, so ... individuals have actually long developed communities based upon things they own, and now it's occurring with NFTs. One neighborhood that's been exceptionally popular revolves around a collection of NFTs called Pudgy Penguins, however it's not the only community developed up around the tokens.

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Obviously, the common activities depend upon the neighborhood. For Pudgy Penguin or Bored Ape owners, it seems to involve vibing and sharing memes on Discord, or enhancing each other on their Pudgy Penguin Twitter avatars. That really depends upon whether you're an artist or a purchaser. First of all: I'm happy of you.

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You might be thinking about NFTs due to the fact that it gives you a way to offer work that there otherwise might not be much of a market for. If you develop a truly cool digital sticker label idea, what are you going to do? Offer it on the i, Message App Store? No method.

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One of the obvious advantages of buying art is it lets you economically support artists you like, which holds true with NFTs (which are way trendier than, like, Telegram sticker labels). Buying an NFT likewise usually gets you some basic use rights, like being able to post the image online or set it as your profile image.

Ah, all right, yes. NFTs can work like any other speculative asset, where you buy it and hope that the worth of it goes up one day, so you can sell it for a revenue. I feel kind of dirty for talking about that, however. In the boring, technical sense that every NFT is a distinct token on the blockchain.