Rants by Mac: OMG, NFTs 4 U – Yahoo News

Have I got a deal for you. As readers of my column, you are getting the first opportunity to own one of my columns. Yes, out of the 100 columns I have written over the past four years, you can choose one, or more, to purchase for your very own.

Please hurry to make your choice(s) because demand will be high. Let me explain how it will work. All “Rants-by-Mac” columns will be offered for sale, via Non-Fungical Tokens (NFTs).

In case you are not familiar with NFTs, they are a special type of cryptoasset, where each token is unique — that differs from “fungible” assets like Bitcoin and dollar bills, which are all worth exactly the same amount. Because each NFT is unique, they can be used to authenticate ownership of digital assets like artworks, recordings, virtual real estate, pets or opinion columns.

Huh? Maybe examples will help.

NBA star Steph Curry, to commemorate setting an all-time career record for three-point shots made (2,974), recently sold 2,974 pairs of NFT virtual sneakers for $333 each, in less than a day.

Christie’s auction house, in February, auctioned off a collage of 5,000 “all-digital” works by a Wisconsin artist, who goes by Beeple, with a starting price of $100. I forgot to bid, but the winning bid was accepted on March 11, for $69 million. Congrats to Beeple!!

This part is important: When you purchase an NFT, you do not get the physical sneakers, or painting, or column. You get the rights and a virtual certificate of authenticity. Anyone who views your NFT can right-click it, and copy, print, or share it, in the exact form you have (but, you have the original, or at least a certificate that says so).

What can you do with your NFT? I’m glad you asked because that is interesting. Some people display their digital artwork, or opinion columns, on large monitors. Some buy virtual real estate (with NFTs) where they build virtual galleries to display their virtual treasures. Or you can hold your NFTs and sell them later for millions. The options are virtually endless. Virtually.

How much for a “Rants-by-Mac” original column? You can own a certified-original column for only $1,000, and you can pick the column. OK, I know that’s not Beeple-money, but it’s not about the money. Or is it?

Think of my columns as valuable pieces of art. Can you imagine how valuable it will be to have the original? Wow! You will be able to say, “I virtually own a Rants-by-Mac column,” and, though others can read it, only you own it.

How is Beeple doing? Well, he is now said to be the third richest living artist, and the Beeple website asserts that he “makes a variety of art crap across a variety of media.” His site continues with multiple obscenities to describe his work. Beeple gets it.

Finally, one more example. Melania Trump recently sold NFTs of a “breathtaking watercolor” showcasing the former first lady’s “cobalt blue eyes.” Called “Melania’s Vision,” her virtual eyes cost enthusiasts one Solana, a cryptocurrency worth about $150. She has promised future NFTs; why wouldn’t she?

Melania followed Seth Curry’s lead, promising to donate “a portion” of her proceeds to charity. “I am proud to announce my new NFT endeavor, which embodies my passion for the arts, and will support my …….

Source: https://news.yahoo.com/rants-mac-omg-nfts-4-133045474.html

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