Edward Snowden’s NFT sells for 5.5 million at charity auction


Edward Snowden NFT There is Sold out A total of 22,224 etherium or about 5 5.5 million in one day standing auction. Entitled Staying free, The digital artwork used pages from a landmark court ruling to show that the National Security Agency’s public surveillance activities violated the law to create a whistleblower face image based on a photograph taken by Platon. It was created using open source software and was signed and verified like other NFTs.

The results of the Stay Free auction have already surpassed the 2.9 million mark for Jack Dorsey. NFT of his first tweet Last month. Like Dorsey, Snowden will not pocket the auction proceeds: the money will go to the Freedom of the Press Foundation, a non-profit organization where he serves as president.

NFT or non-fungal tokens are usually pieces of photos, videos and other digital objects that were signed and verified by the creator. When someone buys an NFT, they own a unique piece of code stored in a blockchain. As we have written ours Explanation of depth NFT key, “[Y]You can duplicate the file thousands of times and they will all be the same, but only the original agreement with NFT.

While NFTs can help artists and creators, more and more people are starting to raise concerns about their environmental impact. When an artist “minutes” their work in a blockchain so that they can create NFT, they begin a process that uses a lot of computing power and energy. The press has vowed to buy carbon offsets equivalent to the footprints of the NFT in Freedom of Snowden and “will share details of that process soon.”

All products offered by Engadget are selected by our editorial team, different from our parent company. Some of our stories include approved links. If you purchase something through one of these links, we can earn an approved commission.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *