Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
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Non-Fungible Tokens, How to Create NFTs on Blockchain

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NFT

Non-Fungible Tokens (NFTs) are radically changing ownership and exchange of rare collections, it is a cryptographic token that is recorded on a blockchain and can be used to prove the authenticity, ownership and provenance of anything, physical or non-physical. To understand a Non-fungible token on a blockchain, you need to understand what Blockchain is all about.

Non-fungible goods are irreplaceable, unique, and limited in quantity. These can also be represented on the blockchain via non-fungible tokens (NFTs). NFTs can represent artwork, collectables, memorabilia, and personal data. Other examples are gaming characters, digital identities, and certificates.

Non-fungible simply means that the token cannot be duplicated or swapped for anything else, when someone buys an artwork that is authenticated by an NFT, they are not actually buying the digital asset per se, but rather they are purchasing a digitally authenticated note stating that there is only one owner. Anybody can download a copy of the file or link relating to whatever asset the NFT is tokenising, but only the NFT's owner holds the contract stating their ownership rights. The NFTs declare you as the official owner.

How to Create NFTs

Creating NFTs is not that hard. Let's say you created a digital painting and you want to sell it as an NFT. The first thing to do would be to pick the blockchain you want to sell it on - Ethereum is the most popular one.

Some of the popular ethereum NFT marketplaces are OpenSea, Rarible and Mintable. Most NFTs are built using a consistent standard known as ERC-721 or ERC-1155 according to a Sept. 2020 article by nonfungible.com These marketplaces are simply an implementation of this standard and add your NFT to the ethereum blockchain.

The next thing is to upload your painting somewhere like google drive or the interplanetary file system (IPFS) which is a distributed file system. Then you go on some of the marketplaces and create a new NFT where you will need to connect your ethereum wallet (like Metamask) and fill up some details like the name and description of your work.

To round it up, your NFT needs to be minted. It means to add a block on the ethereum blockchain that says that the NFT you created belongs to your account. This action required modifying the blockchain and thus cost some "gas". Gas is basically the service charge to modify the blockchain. Listing your work on an NFT marketplace is not free, it cost some money.

So after that is done, your ownership of the NFT is added to the blockchain and anybody can verify it, and buy your work.

Non-Fungible Tokens List

Presently NFTs are now gaining attention from the public, but current use cases are limited when compared to their huge potential. In other words, it's in the early stage.

The above lists the top 10 NFT markets worldwide as of May 2, 2021, according to nonfungible.com.
Non-fungible tokens are a key component of a non-sovereign, borderless Web 3.0 economy. It's an innovation that is fairly new and in the years to come, best practices will emerge on what's possible.



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