Quote from: crowncoin_knight on September 16, 2019, 06:50:19 AM

Quote from: CookyCook72 on September 11, 2019, 01:10:42 PM

Nonfungible Tokens, Explained:

What does nonfungible mean?
To fully appreciate what makes these tokens special, its worth taking a look at the difference between fungible and nonfungible.

When something is fungible, in this case a token, it means it can be easily replaced by something identical and it is interchangeable with ease.

Real world examples of something fungible could include grains of rice, or the $1 bank note in your pocket. If you were to lend that $1 to someone, it wouldnt matter if they didnt return the exact same one.

This all changes when something is nonfungible. Although two items may look to be identical at a glance, each will have unique information or attributes that make them irreplaceable or impossible to swap.

One physical example of a nonfungible asset could be a plane ticket. Sure, they look the same as other tickets, but each one has different passenger names, destinations, departure times and seat numbers. Exchanging yours with someone could have serious consequences not only could you end up thousands of miles away from where you wanted to be, airport security might not be too impressed either.

Why are nonfungible tokens different from other tokens?
Because they can offer unique characteristics which make them different and digitally scarce.

Many tokens and indeed cryptocurrencies are fungible. If you send someone a Bitcoin, and get one back, you wouldnt notice any difference.

A lot of the time, fungible tokens are built using a standard called ERC-20. For the sake of simplicity, lets imagine each of these tokens is a $10 bill. If you sent a token to someone, and got another one back a week later, they would be identical. (That said, there might be some fluctuation in price.)

This all changes with nonfungible tokens, many of which are ERC-721 compliant. These can be compared to baseball cards, as each has unique information and varying levels of rarity. If you were to accidentally send one of these tokens to someone, and get a different ERC-721 token back, you might be very upset.

Theres one more crucial difference you need to bear in mind. Fungible tokens are divisible meaning you can send a fraction of one ERC-20 token. (Like cash, where you can pay with a $10 bill and get change.) On the other hand, nonfungible ERC-721 tokens cannot be divided and must be bought or sold whole. (Like baseball cards, where no one in their right mind would want to buy half.)

What can nonfungible tokens be used for?
Collectibles are a common use for nonfungible tokens.

One early pioneer of nonfungible tokens was CryptoKitties, a blockchain-driven platform where players have the chance to collect and breed digital cats.

If youve ever owned a cat, youll know that they are not easy to replace, as their appearance and personality make them unique. In this case, CryptoKitties replicated this concept in the crypto world with each cats digital genetic material being stored on the blockchain. They can be bought and sold using Ethereum, and some are rarer than others. Indeed, sales hit $12 million last year with the most expensive CryptoKitty reportedly going for $120,000.

Other games have promptly followed, such as fantasy titles where fighters are collected for battles. And in another apt development (almost like we planned it,) Major League Baseball in the US is planning to launch a game where baseball cards can be exchanged on blockchain.

What are their advantages and disadvantages?
Although the nonfungible ERC-721 token has offered improvements on ERC-20, there are a few setbacks.

As we recently explained in an article looking at alternatives to ERC-20, advocates of this token protocol believe it could become the ultimate vehicle for putting every significant asset on a public or hybrid blockchain with 100 percent immutability and security.

Nonfungible tokens allow you to detail more of the attributes that make them special far beyond the name, balance, token supply and symbol. This is because you can include rich metadata about an asset and include information about ownership and these authenticated details can ultimately add value because investors can be confident about its provenance.

That said, there are downsides. Nonfungible tokens have not been embraced as speedily as some advocates hoped, in part because the ERC-721 protocol is so new. It can also be tricky and time consuming to develop decentralized applications for non-fungible tokens properly.

So why not carry on using real world solutions?
The world is moving on from paper and supporters believe there are many use cases for nonfungible tokens beyond collectibles.

For example, it could become a secure and immutable way of storing birth certificates, academic credentials, warranties and identities even artwork and property ownership.

These real world assets can then be properly digitized and stored in a wallet, keeping them safe and ensuring that they cannot be altered or counterfeited by a third party.

But how are nonfungible tokens created?
There are concerns that the use of nonfungible tokens could end up becoming fragmented, with different standards and varying degrees of certification.

At the moment, as we mentioned a little earlier, it can be an expensive and complicated thing to achieve. It can sometimes take months to develop a DApp, and in the fast-moving blockchain world, that could cost an entrepreneur their competitive advantage.

Instead of every outlet interested in nonfungible tokens creating their own framework (which would result in a breeding ground for inconsistency,) some platforms are trying to create a technological layer which unifies and standardizes these tokens.

One of them is Crown CRW, which offers a plug and play framework which means that a nonfungible token can be developed and verified quicker and the platform claims it is achievable in days. The company says it eliminates the need for in-depth blockchain knowledge, while stopping precious data from being siloed and preventing developers from having a lengthy, expensive and insecure process.

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Additional studies and applications:
https://medium.com/crownplatform/crown-platform-nft-framework-18d88f9db76
https://medium.com/crownplatform/crown-blockchain-platform-overview-f1aff7d341a8
https://www.crown.tech/about/#crown-papers

excellent idea. actually it would be a great idea to build something similar on Crown NFTs like Crypto Kitties but instead of cats we would have knights which would be tradable and collectable. If anyone is interested in helping to build this idea / usecase on Crown PM me. I actually think this could give us some good exposure.

Check CrowDiscord i explained how to make great again.

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@crowncoin_knight knights do not attract Asian, South American and African children! Would be a monumental mistake. Made of animals or dogs, or monsters! it's universal and multi-cultural.
https://www.google.com/imgres?imgurl=http%3A%2F%2Fpetitemimine.p.e.pic.centerblog.net%2Ffd5e4250.png&imgrefurl=http%3A%2F%2Fpetitemimine.centerblog.net%2Frub-gifs-monstre-.html&docid=pHMTt6QmOQ0r7M&tbnid=5zdQVvsPVEsZJM%3A&vet=10ahUKEwit84TXrtXkAhU2SRUIHWaNAf0QMwhBKAIwAg..i&w=359&h=400&bih=625&biw=1366&q=monstre%20marrant&ved=0ahUKEwit84TXrtXkAhU2SRUIHWaNAf0QMwhBKAIwAg&iact=mrc&uact=8
https://www.google.com/imgres?imgurl=http%3A%2F%2Fpetitemimine.p.e.pic.centerblog.net%2Feaa9e29b.png&imgrefurl=http%3A%2F%2Fpetitemimine.centerblog.net%2Frub-gifs-monstre-.html&docid=pHMTt6QmOQ0r7M&tbnid=cRIGcBcktC7VaM%3A&vet=10ahUKEwit84TXrtXkAhU2SRUIHWaNAf0QMwhCKAMwAw..i&w=287&h=400&bih=625&biw=1366&q=monstre%20marrant&ved=0ahUKEwit84TXrtXkAhU2SRUIHWaNAf0QMwhCKAMwAw&iact=mrc&uact=8
https://www.google.com/imgres?imgurl=http%3A%2F%2Fimg.over-blog.com%2F293x300%2F5%2F15%2F90%2F51%2Fmonstre.jpg&imgrefurl=http%3A%2F%2Fblablabulle.over-blog.com%2Farticle-cheri-je-crois-que-ya-un-monstre-dans-la-chambre-de-la-ptite-100733152.html&docid=vA7h4yqm_AiKQM&tbnid=64xJCbuYCt0SwM%3A&vet=10ahUKEwit84TXrtXkAhU2SRUIHWaNAf0QMwg_KAAwAA..i&w=263&h=269&bih=625&biw=1366&q=monstre%20marrant&ved=0ahUKEwit84TXrtXkAhU2SRUIHWaNAf0QMwg_KAAwAA&iact=mrc&uact=8
https://www.google.com/imgres?imgurl=http%3A%2F%2Fchribactu.20minutes-blogs.fr%2Fmedia%2F00%2F02%2F1028963978.jpg&imgrefurl=http%3A%2F%2Fchribactu.20minutes-blogs.fr%2Farchive%2F2017%2F06%2F02%2Ftrump-ennemi-de-la-planete-936989.html&docid=5AgxvYE_TsEbSM&tbnid=HVLSDobhMBl4pM%3A&vet=10ahUKEwjb_NvirtXkAhVzURUIHfbaB8YQMwhFKAIwAg..i&w=793&h=1024&bih=625&biw=1366&q=monstre%20trump&ved=0ahUKEwjb_NvirtXkAhVzURUIHfbaB8YQMwhFKAIwAg&iact=mrc&uact=8
The principe is : tamagotchi blockchain
remember children are a planet potential. It empowers them, they grow up with it, each creature is unique, must remain funny and not frighten. Then you won't have the moon but you will have Alpha of the Centaur.
Think universal

Gradulos
good point

☆★Я
To help you deploy a common thread concept. For example. Imagine a person downloading the "NFT exploiter" who is the game. It can be very innovative that this person can take himself in selfie and that the game "generates" an NFT (crowtoshi) of his face to report it in Animal Toons or funny monster (maybe he can choose this category by the way) or maybe he can buy "seeds" against crowtoshi (they will all be unique) and make them grow by watering them and taking care of them (fattening, sizes, repotting, until this plant turns into a monster, fairy, goblins, knight, caricature of a politician.... but always nice and nice with a silly look and Toons, the concept is that he will always have to take care of it to make it grow, eat, mate, sleep) in order to generate other NFT, Several styles can impact several age groups, imagine if you make "mate/fucking" in the game for example, a rabbit and a fairy, could produce a manga character or a dick-shaped monster coupled with a quick caricature of Trump...... Everything would be possible, could even feed with vegetables all creatures would be as playful to teach all the vegetables of the world... Could even call it with a simple and easy to pronounce name in the languages of different cultures like CROMONSTER - CROCROCROC - CROGAME - CROTOSHI ......... Make more than one Generation 1 > of a seed > generation 2 > coupling of the monster (image) from the seed and the "player selfie" > Generation 3 the player monster must find another player monster > the animal lays an egg after 1 month of games... Generation 4 >....... Generation 5 >...... and so on - The secondary idea can be to face and play monsters or Crowtoshi through ultra simple games, or win bonuses with reality increase... The goal is to mix Tamagoshi, Pokémon, and culture.
In terms of exploitation of your license, it may even be possible to rent licenses to publishers Bandai Namco Ravensburger, for example to create toons of cartoons, "new or old" As for example make "coupled Lara Croft and San Goku Kakaroto"..... The principle is multiplied tenfold via derivatives. And for the example you can allocate yourself 1 Crotoshi in tax for each "fight" 0.00000001CRW (never +) mutilated by billions of billions of transactions;) can even reinject all this into CROWFUNDATION to pay less tax and get you out of the monumental money.....
After that there can be several staging for example when coupling = curtains fall off sound effects of kisses and curtains rise. Simple not vulgar and effective. By the way, i'm Do_zzze.

Update:

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walkjivefly Today at 5:36PM
Maybe I'm a grumpy old git but I wouldn't play such shit, never mind pay to play it. Blockchains aren't the answer to everything; just because you can doesn't mean you should etc.. There must be more useful things people can do with Crown NFTs

You call it shit when you can't see beyond yours... of course you are necessarily a northerner. In your opinion what is the age mean of CryptoKitties? do you know how much it has brought in? no, I suspect in advance. Stay with your swastika knight drawings at the end of the sword. Good luck with your Ikea NFTs.