The NFT they are certificates of authenticity of something that exists in the digital world, not material. Used mainly in the world of works of art, these “tokens” allow them to be bought and sold between collectors and those who also have a lot of money. And the extravagance that It caught our attention this time it is a yacht for which 650 thousand dollars were paid, which basically “does not exist”.
At least it doesn’t exist in “the real world” as we know it. An interested party bought it for 149 ETH, which is equivalent to about 650 thousand dollars. It is an NFT from Republic Realm, a company focused on the metaverse, the concept that was put into fashion since Mark Zuckerberg changed the name to Facebook.
The luxury yacht, called “The Metaflower Super Mega Yacht”, is ultimately a companion to The Sandbox, one of the most popular games in the metaverse. The vessel, which appears to be an object that never finishes rendering (that’s the style of the game), has all the luxuries of an expensive yacht. Four floors, fully equipped, up to with helipads in the bow and stern or a Jacuzzi on the main deck.
The most striking thing, of course, is not so much the boat but that someone has paid more than half a million dollars for something that they will never be able to use in real life.
The NFT is the most expensive of The Sandbox so far and is part of a pack of tokens for the video game, which include luxury villas, private islands, jet skis and more.
What are NFTs and why is it “the word of the year”
Its acronym means “non-fungible token.” A token is a digital asset that in this case is integrated into a blockchain (Ethereum and Solana) and that it is “non-fungible” implies that it is not interchangeable. Fungibility means that something is interchangeable and indistinguishable: a thousand Argentine peso bill is exchangeable for any other thousand Argentine peso bill.
Tokens, like works of art, are non-fungible because there is no way to replace them: the first tweet in history is only one, in the same way that there is only one original Pieta by Michelangelo.
So strong is the concept sticking that the British Collins dictionary announced on Wednesday of last week that the word “NFT” was chosen as 2021 “word of the year”.
Collins indicated that an NFT is the unique digital identifier that records ownership of a digital asset. It is a term that we have been hearing constantly in the last 12 months both in the news and on social networks, highlights the publication.
In an entry in a blog on the official website of the dictionary, the term is defined as “a unique digital certificate, registered in a secure transaction system (” blockchain “) that is used to register the ownership of an asset, like a work of art or something collectible. “
In addition, the renowned English-language dictionary names other words that have been finalists when choosing “NFT” as the winner for “word of the year.”
Among those words highlighted by Collins is “double-vaxxed”, in reference to those that have received the complete guideline. vaccination or are twice vaccinated.
It is joined by “hybrid work” (a formula that combines days of office work with remote work from home) as well as the term “pingdemic”, a name used by the media to describe the epidemic of absenteeism caused by “pings” ( alerts) of the British mobile application that alerted its user that he had been in contact with an infected covid-19 and therefore had to be isolated.
But that NFT is the most consulted to be chosen says a lot about this technology, without a doubt.