JPEG'd Kurs

RT @wassie: How to form a basic pose, and make a png / jpeg of a Wassie in Blender. *make sure to look at keystrokes on bottom left of vid…

RT @wassie: How to form a basic pose, and make a png / jpeg of a Wassie in Blender. *make sure to look at keystrokes on bottom left of vid…

Running JPEG relay for Marathon

Grayscale Ethereum Trust Records Zero Outflows for the First Time Post ETF Conversion Grayscale’s two spot Ethereum ETFs posted no flows on Monday. The US spot Ethereum ETFs attracted a total inflow of $4.9 million on Monday. Grayscale Ethereum Trust (ETHE) notably recorded no withdrawals, a first since its conversion to an ETF following 14 days of outflows. Monday’s trading volume for these ETFs was strong, hitting $286 million on August 12th, a significant jump from Friday’s figure of $166.9 million. Leading the inflow race was Fidelity Ethereum Fund (FETH), which recorded $3.98 million, trailed closely behind by Bitwise Ethereum ETF (ETHW), with $2.86 million, and Franklin Ethereum Trust (EZET) at $1.01 million. According to the data compiled by SoSoValue, VanEck Ethereum Trust (ETHV) was the only fund to have recorded net outflows on August 12th with $2.92 million – the first since July 23. Simultaneously, other ETFs like the Grayscale Ethereum Mini Trust (ETH) and Invesco Galaxy Ethereum ETF (QETH) did not register any flows. While BlackRock’s iShares Ethereum Trust (ETHA) also recorded zero inflows for the day, the fund has experienced significant growth since its launch on July 23rd. In fact, ETHA has attracted more than $901 million in inflows. This figure positions BlackRock as the leader in the Ethereum ETF market, outpacing rivals like Fidelity Investments, Bitwise, Grayscale Investments, and VanEck.Grayscale Ethereum Trust Records Zero Outflows for the First Time Post ETF Conversion Grayscale’s two spot Ethereum ETFs posted no flows on Monday. The US spot Ethereum ETFs attracted a total inflow of $4.9 million on Monday. Grayscale Ethereum Trust (ETHE) notably recorded no withdrawals, a first since its conversion to an ETF following 14 days of outflows. Monday’s trading volume for these ETFs was strong, hitting $286 million on August 12th, a significant jump from Friday’s figure of $166.9 million. Leading the inflow race was Fidelity Ethereum Fund (FETH), which recorded $3.98 million, trailed closely behind by Bitwise Ethereum ETF (ETHW), with $2.86 million, and Franklin Ethereum Trust (EZET) at $1.01 million. According to the data compiled by SoSoValue, VanEck Ethereum Trust (ETHV) was the only fund to have recorded net outflows on August 12th with $2.92 million – the first since July 23. Simultaneously, other ETFs like the Grayscale Ethereum Mini Trust (ETH) and Invesco Galaxy Ethereum ETF (QETH) did not register any flows. While BlackRock’s iShares Ethereum Trust (ETHA) also recorded zero inflows for the day, the fund has experienced significant growth since its launch on July 23rd. In fact, ETHA has attracted more than $901 million in inflows. This figure positions BlackRock as the leader in the Ethereum ETF market, outpacing rivals like Fidelity Investments, Bitwise, Grayscale Investments, and VanEck. Amid the recent market slump, Ethereum has benefited the most, as investors seemingly took advantage of the price drop to invest more. This was evident in CoinShares’ report, which revealed that Ethereum-based investment products accumulated $155 million in inflows this past week.download - 2024-05-30T154039.605.jpeg Amid the recent market slump, Ethereum has benefited the most, as investors seemingly took advantage of the price drop to invest more. This was evident in CoinShares’ report, which revealed that Ethereum-based investment products accumulated $155 million in inflows this past week. $ETH

NFT creation and minting refer to the process of producing and registering a unique digital asset on a blockchain as a non-fungible token (NFT). This process involves turning digital content, such as art, music, or other digital files, into a unique and verifiable asset that can be bought, sold, or traded. Here's a detailed guide to NFT creation and minting: 1. What Is NFT Creation and Minting? NFT Creation: This is the process of designing or producing the digital content that will become an NFT. It could be digital art, a music file, a video, a virtual item, or any other form of digital content. Minting: Minting is the process of recording the digital asset on a blockchain as an NFT. This process involves creating a unique token on the blockchain that represents the digital asset, providing it with a verifiable proof of ownership and authenticity. 2. Steps to Create and Mint an NFT 1. Create Your Digital Asset Design or Produce the Content: The first step is to create your digital content. This could be anything from a piece of digital art, an audio file, a video, or a virtual item. The content must be in a digital format, such as JPEG, PNG, MP4, GIF, or MP3. Ensure Originality: To maximize the value of your NFT, the content should be original, unique, and ideally created by you. This ensures that the NFT will be seen as a one-of-a-kind digital asset. 2. Choose a Blockchain Select a Blockchain Platform: The most popular blockchain for NFTs is Ethereum, but other options include Binance Smart Chain, Flow, Tezos, and Solana. Each blockchain has its own ecosystem, fees, and characteristics, so choose the one that best fits your needs. Understand Blockchain Costs: Minting an NFT requires paying a transaction fee, known as a "gas fee" on Ethereum. Other blockchains may have lower fees or faster transaction times. 3. Set Up a Digital Wallet Choose a Wallet: To interact with NFT marketplaces and store your NFTs, you'll need a digital wallet that supports the blockchain you’ve chosen. Popular wallets include MetaMask (for Ethereum), Trust Wallet, and Phantom (for Solana). Fund Your Wallet: Ensure that your wallet has enough cryptocurrency (e.g., ETH for Ethereum) to cover the minting fees. You can purchase cryptocurrency on exchanges like Coinbase, Binance, or directly within some wallets. 4. Select an NFT Marketplace Pick a Marketplace: Depending on your blockchain, choose an NFT marketplace where you will mint your NFT. Popular options include: OpenSea: A large, user-friendly marketplace on Ethereum and Polygon. Rarible: A decentralized platform with community governance. Foundation: Focused on digital art and creative works. Mintable: Offers both gasless and traditional minting options. Solanart: A marketplace for NFTs on the Solana blockchain. Create an Account: Most marketplaces require you to create an account and connect your wallet. This is usually straightforward, with most platforms providing a "Connect Wallet" option. 5. Mint Your NFT Upload the Digital File: Once your account is set up, upload your digital file (image, audio, video, etc.) to the marketplace. Most platforms support a variety of file types and sizes. Add Metadata: Metadata includes details like the name of the NFT, a description, and any additional attributes or properties. This information is stored on the blockchain along with the NFT and is important for providing context and value to your creation. Choose Minting Options: Depending on the marketplace, you might have options like creating a one-of-a-kind NFT (1/1) or issuing multiple editions of the same NFT. You can also set royalties, which are the percentage of any future sales you will earn. Mint the NFT: Finalize the minting process by confirming the transaction in your wallet. This will create the NFT on the blockchain and associate it with your account. You will need to pay a gas fee at this stage (on Ethereum) or transaction fees on other blockchains. 6. List the NFT for Sale (Optional) Set a Price: If you want to sell your NFT, you can list it on the marketplace. You can choose between fixed-price listings, auction-style listings, or even setting up a timed auction where users can place bids. Promote Your NFT: To attract buyers, consider promoting your NFT through social media, NFT communities, or collaborations with other creators. Building a brand or narrative around your work can help increase its visibility and value. 3. Key Considerations in NFT Creation and Minting Environmental Impact: Some blockchains, particularly Ethereum (before its transition to proof-of-stake), have been criticized for their high energy consumption. Consider using blockchains with lower energy use if environmental impact is a concern. Copyright and Ownership: Ensure you have the rights to the digital content you are minting as an NFT. If the content includes elements created by others, you may need to obtain permission or licenses. Market Saturation: The NFT space is becoming increasingly crowded, so it’s important to create unique, high-quality content that stands out. Simply minting an NFT does not guarantee its sale or value. Costs: Minting NFTs can be expensive, particularly on the Ethereum blockchain due to high gas fees. Be sure to account for these costs when setting your prices and planning your minting strategy. Long-Term Value: Consider the long-term value of your NFT. Will it retain its appeal? How will you continue to engage with your collectors? Building a community or narrative around your NFTs can help maintain interest over time. 4. Examples of NFT Creation Artists: Digital artists create unique artwork and mint it as NFTs, allowing them to sell their work directly to collectors without the need for galleries or intermediaries. Musicians: Musicians mint albums, singles, or even concert tickets as NFTs, offering fans exclusive access or ownership of unique music-related content. Content Creators: Bloggers, vloggers, and other content creators can mint their work as NFTs, offering unique access, behind-the-scenes content, or limited-edition releases to their audience. Game Developers: Developers create in-game items, skins, or characters as NFTs, allowing players to buy, trade, and own these items outside the confines of the game itself. 5. Future Trends in NFT Creation and Minting Layer 2 Solutions: As gas fees on Ethereum remain high, Layer 2 solutions like Polygon, Arbitrum, and Optimism are becoming popular for minting NFTs with lower costs and faster transactions. Interoperability: Cross-chain compatibility is becoming more important, with tools and platforms emerging that allow NFTs to be moved across different blockchains. Expanding Use Cases: Beyond art and collectibles, NFTs are being used for identity verification, digital real estate, and even in DeFi (Decentralized Finance) applications, expanding the scope of what can be minted as an NFT. NFT creation and minting are at the heart of the rapidly growing digital economy, enabling creators to monetize their work in new and innovative ways. By understanding the process and key considerations, creators can successfully navigate the NFT landscape and take advantage of the opportunities it offers.