I was met with disbelief, criticism and ridicule,” Personne told CoinDesk via Twitter DM.
Anyone can download an exact replica image of Beeple’s art work by googling the title of the piece, much like anyone can photocopy a poster.
What is comparatively more difficult to do is fool people into thinking you own the original art creation and provide cryptographic proof – namely, in the form of an NFT, first minted by the artist.
“The blockchain is my public ledger/proof, and my website is the record of the facts.
What Personne has done is create his own unique NFT on the Ethereum blockchain, the same public ledger on which the original Beeple NFT is stored.
First you can see it minted into the verified account of Beeple himself.
“I wrote my own smart contract that follows the ERC-721 specification,” said Personne.
It’s important to make sure the same smart contract used to mint a particular collectible token is also the same contract being called upon to trade the token.
Most reliable ones will be labeled as open-sourced and verified code on block explorers.
All of this work to double-check the authenticity of an NFT does require knowledge of how to use a tool such as Etherscan as well as a basic ability to navigate through these sites.
Nifty News reported on April 19 that Personne was able to do this by building his smart contract with a “seizure” feature.
There are hints, however, to suggest that even when an NFT appears to have been created by a famous artist, it’s actually a fake.
On NFT marketplace Rarible, the verified account of Beeple appears to have made a second copy of his original “Everydays: The First 5000 Days” piece as part of the “NFTheft” collection.
NEW YORK/TOKYO -Ethereum, the world’s second largest cryptocurrency in terms of market capitalization, rose to an all-time peak on Tuesday, with market participants citing media reports about the European Investment Bank’s plans to launch a “digital bond” sale on the ethereum blockchain network.
Electric vehicle manufacturer Tesla earned $101 million in profit from its bitcoin holdings in the first quarter of 2021, according to its Q1 2021 earnings report.
are lobbying their government against the transaction, while a regulator in the U.K., where Arm is based, said it plans to intervene “on national security grounds.” At the same time, Arm is mired in a legal battle for control of its China unit with the chief executive, who was fired by SoftBank but has refused to leave.“Unless there is a catalyst to expand its net asset value, it is probable that we will see the discount widening out again,” Tang said.
“The market just wants to get past FOMC to see what they have to say about inflation before it does make a move in either direction,” said Bob Haberkorn, senior market strategist at RJO Futures.
The banks are persuading merchant and retail clients to download digital wallets so that transactions during the pilot programme can be made directly in digital yuan, bypassing the ubiquitous payment plumbing laid by tech giants Ant Group, an affiliate of Alibaba 9988.HK, and Tencent 0700.HK.
Ether is the digital currency or token that facilitates transactions on the ethereum blockchain.
judge on Monday found that Huawei did not violate a court order by sharing certain information with its chief financial officer, who is using it to help fight her extradition from Canada.