- The first ever permanent museum showcasing a new form of art, non-fungible tokens (NFTs), has opened in Seattle
- A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded
- Types of NFT data units may be associated with digital files such as photos, videos, and audio with NFT artworks are fetching millions of dollars for artists
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Seattle in the United States is the location of the world's first non-fungible token (NFT) museum, with the aim to provide a space for artists to showcase their NFTs in a physical space for visitors to view the digital art.
The museum is also open to collectors to display the NFTs they own. The digital asset is built on blockchain technology and have become a new form of investment with many celebrities jumping on the bandwagon. Music superstars Justin Bieber and Eminem purchased Bored Ape Yacht Club NFTs.
The museum is also hoping to educate the public on NFTs and has already hosted several exhibitions, according to Reuters.
The museum's co-founder Peter Hamilton says:
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"An NFT is really just a contract that signifies the ownership of an asset of some kind, these tokens... are basically a contract that says this serial number belongs to this piece of art, and if you own this token, you are the rightful owner."
NFTs are rare and possess bespoke characteristics, this has made them expensive. In 2021, 10 000 unique Bored Ape Yacht Club (BAYC) NFTs were created and quickly snapped up by celebrities, LifestyleAsia reports.
Alfa Romeo Tonale: This is the Italian armaker’s hybrid SUV, the 1st car to come with its own NFT
Alfa Romeo's new Tonale SUV is big news. Firstly, it grabs the headlines by becoming the first car to be sold with its non-fungible token (NFT). Based on blockchain technology and uniquely linked, Alfa says the Tonale NFT certifies the car upon purchase, then evolves to represent its use during the car’s life cycle, Briefly News reports.
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Let's get to the juicy bits then, the Tonale will be available in two versions: a plug-in hybrid and a normal hybrid. The former has a claimed electric range of 80km and is powered by a 1,3-litre MultiAir turbo petrol engine with a more powerful electric motor to churn 205kW. Interestingly, the petrol engine powers the front axle and the electric motor handles things at the rear.
The second model is powered by a new 1,5-litre hybrid petrol engine with power sent to the front wheels and is available in 95kW and 117kW versions and both have 240 Nm. A seven-speed dual-clutch gearbox is mated to the engine.
Source: Briefly News