Talk:Non-fungible token
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The contents of the Crypto art page were merged into Non-fungible token. For the contribution history and old versions of the redirected page, please see its history. (12 December 2021) |
This article was the subject of a Wiki Education Foundation-supported course assignment, between 10 January 2022 and 4 May 2022. Further details are available on the course page. Student editor(s): ST927s (article contribs).
NFT History - ERC-721[edit]
I added a set of subsections to the History section of the article that introduced significantly more focus on ERC-721. It is credited with introducing NFTs in a foundational manner for widespread adoption, even though use-cases existed prior. Its significance in the history of NFTs is just too substantial to not give it a thorough treatment, omitting just leaves the larger story incomplete. I did integrate a few sentences and claims into my subsections.
There’s also evidence from credible and reputable sources which I’ve cited that indicate the term “NFT” and its definition has its origins in the blockchain nomenclature directly from the ERC-721 paper published in 2018, and that the word’s popularity directly emerged from the success of blockchain game CryptoKitties’ using it.
I essentially re-wrote, expanded on and integrated the mentions of Curio Cards, CryptoPunks, Rare Pepes CryptoKitties into a more cohesive story. Notably, Rare Pepes was NOT launched alongside the other projects mentioned nor ERC-721 as it happened a year prior; I also included some context around the Counterparty Protocol that powered these Bitcoin NFTs which themselves have a significant place in the history of NFTs (it should probably be expanded on later).
ERC-721’s lead author William Entriken is also notable and worth mentioning given his pivotal role in moving the standard to a final published state, governing the process over deciding that the name “NFT” be used in the final paper and getting other projects and stakeholders to agree to adopt the standard.
For my footnotes, I use bulleted list citations to stack multiple sources that either complement each other over supporting different aspects of a statement or simply support the same aspect and add veracity by having multiple sources agree. Codeconjurer777 (talk) 09:12, 2 December 2023 (UTC)
Semi-protected edit request on 7 February 2024[edit]
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Please remove this sentence:
The trading of NFTs in 2021 increased to $17 billion over just $82 million in the previous year.
and replace it with this:
NFT trading increased from US$82 million in 2020 to US$17 billion in 2021.
Chronological order is generally better than the reverse. Also, there are many $ currencies. The source relies on another source that labels its $ figures as USD. 123.51.107.94 (talk) 23:24, 7 February 2024 (UTC)
- Done Sincerely, Guessitsavis (she/they) (Talk) 00:34, 8 February 2024 (UTC)
Semi-protected edit request on 29 February 2024[edit]
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Update the article of the history of NFTs and in popular culture as there is still news coverage of this feature as of 2024. Take a look at this site:
Also, there is still updates about this: [1] [2]
Sincerely, 205.155.225.253 (talk) 17:13, 29 February 2024 (UTC)
- Not done Wikipedia is not the news; it's not necessary to include every instance of NFTs in the news into this article. If you think there is a particularly noteworthy news development, please follow the instructions in WP:ER as to how to propose that change. OhNoitsJamie Talk 17:21, 29 February 2024 (UTC)
Semi-protected edit request on 1 March 2024 - Adoption of NFT by conventional artist[edit]
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In examples for use cases in art it is worth mentioning that internationally renowned artist Erwin Wurm released a short looping video of a red Porsche 911 that transforms into a "Fat Car" (a signature piece of Wurm) as NFT. He was one of the first and few traditional artists to use NFTs as a means to distribute his art in collaboration with Gallerie König (Berlin).[1] 2A01:599:107:2F41:B05D:AD74:9A12:B2E2 (talk) 06:30, 1 March 2024 (UTC)
- Why, exactly is it worth mentioning? While Erwin Wurm is noteworthy as an artist, that doesn't mean this project is noteworthy. We need better sources to be able to explain to readers why this particular project is a noteworthy example of NFTs. Looking at Sleek Magazine's about page I do not accept that this is a reliable source, and that article seems very shallow. Grayfell (talk) 09:06, 1 March 2024 (UTC)
References
- ^ https://www.sleek-mag.com/article/berlins-misa-launches-nft-marketplace/ |access-date=2021-09-06
"Evolved Apes" listed at Redirects for discussion[edit]
The redirect Evolved Apes has been listed at redirects for discussion to determine whether its use and function meets the redirect guidelines. Readers of this page are welcome to comment on this redirect at Wikipedia:Redirects for discussion/Log/2024 April 9 § Evolved Apes until a consensus is reached. Utopes (talk / cont) 21:52, 9 April 2024 (UTC)
Semi-protected edit request on 13 June 2024[edit]
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Change the 'Environmental Impact' section to be more up to date. Specifically: As of 2022, Ethereum cut its energy consumption by 99.99 percent. (source: https://www.newscientist.com/article/2369304-cryptocurrency-ethereum-has-slashed-its-energy-use-by-99-99-per-cent/ . If that's not an acceptable source (idk what counts), the source given on other Wikipedia pages is this one https://www.bloomberg.com/news/articles/2022-12-06/ethereum-cut-its-energy-use-99-but-climate-gains-may-be-curbed , but it only states 'estimated 99 percent')
I'm pretty sure no other proof-of-work blockchains were involved with NFTs and there is no carbon-intensive NFT activity. There are none in the references, at least. Frankly, I wonder if the whole section should just be deleted now?
It may be worth keeping some of the information in the form of the past tense. e.g. "NFT purchases and sales used to involve high energy usage [174], and consequent greenhouse gas emissions, associated with blockchain transactions on Ethereum, which used an energy-intensive proof-of-work method to validate transactions. [176][177] Since 2022, Ethereum cut its energy usage by 99.99 percent by switching to proof-of-stake. Corevibes (talk) 21:49, 13 June 2024 (UTC)
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