Monopoly Man is a digital game asset on the Ethereum blockchain, which has been created by players who compete to own and trade him. He can be bought or sold at any point in time. Despite being decentralized and player-owned, Monopoly Man requires regular maintenance expenses due to his physical presence in the real world
“Monopoly Man: Please Screenshot My NFTs” is a blog post that is asking players to screenshot their Monopoly Man tokens on PC, laptop or phone.
Hello and welcome back to the Monopoly Man column at. NFTs have found their way into the mainstream, in case you missed it. Various well-known celebrities have lately promoted some high-value Apes, which are no longer reserved for crypto-minded futurists. Future, Jimmy Fallon, Post Malone, Andy Milonakis, and others are among these celebs.
Take a screenshot of My NFT if you want to.
While the NFT community applauded Fallon’s choice, a chorus of dissatisfied and perplexed bystanders erupted. Reading over the comments following Jimmy’s Ape announcement, I was struck by the general public’s apparent lack of grasp of what an NFT is. Many people appear to assume that an NFT is nothing more than a picture, and that just screenshotting the image makes them the owner of the NFT.
Please give me a name for my ape! #BAYC #BoredApeYachtClub #NFTs pic.twitter.com/pwFynGy9QJ @BoredApeYC #BAYC #BoredApeYachtClub #NFTs pic.twitter.com/pwFynGy9QJ
November 17, 2021 — Jimmy Fallon (@jimmyfallon)
Make no mistake: the digital media (picture, music, video, etc.) referenced inside an NFT’s metadata is critical. The digital media aids in bringing the NFT to life, but it is far from the main source of value for the NFT.
Given the widespread misunderstanding (even among some NFT owners) and celebrity endorsements, I believe now is as good a moment as any to examine the true nature of an NFT.
Your ally is Etherscan.
The revolutionary aspect of NFTs and cryptocurrencies is that digital ownership can now be demonstrated! Prior to the advent of blockchains, verifying ownership and authenticity in the art market was a major difficulty.
Take, for example, Pablo Picasso, whose works have sold for hundreds of millions of dollars over the course of his lifetime. The high value of his paintings has drawn a slew of adept imitators. Some of these imitators have even managed to fool eminent art historians.
Imagine a world where Picasso’s paintings were released as NFTs. We were able to verify the validity of the Picasso using blockchain scanners (such as Etherscan). There would be no need for art historians to verify the legality; we could just look at the contract ID and establish that it is really Picasso’s contract ID, and any doubts about his legitimacy would be settled instantly.
In practice, Etherscan may be used to verify the validity of any NFT or on-chain transaction. We can confirm that Jimmy Fallon got a genuine Ape (BAYC #599) in his ape transaction. We can also tell where it came from, how much it cost, and when the transaction took place. The most significant aspect of this transaction is that each piece is decentralized and unchangeable.
Their contract address is prominently displayed on the Bored Ape website. The contract ID is a digital representation of the artist’s signature at the bottom of a painting. Even if a copycat right-clicks and saves each Bored Ape to resell them, they would be immediately detected as a fake using this unique ID, which is related to all 10,000 Apes.
Collab.Land is also a good friend of yours.
While having dispersed and likely ownership of digital information (i.e. digital assets) is desirable, it is meaningless if the information isn’t useful. What good does it do you to buy a vehicle if you can’t drive it? What’s the purpose of buying an NFT if it’s not going to be used?
Apps like Collab.Land can establish what tokens are kept inside a digital wallet using proven ownership information, allowing them to differentiate owners from non-owners. Private lines of communication may be drawn after this differentiation is established.
This might take the shape of exclusive access to online businesses, exclusive channels on Discord for holders, or lately limited access to online P2E games. Collab.Land, for example, converts your NFTs into marketable passwords. The more useful your NFT is, the more valuable the information or content on the other side of the password is.
Screenshotting My NFTs is of no use to you.
While the screenshotters (a name I coined) behave as if they are suddenly the owners of Jimmy Fallon’s Ape or Ja Rule’s Gutter Cat, they lack the certificate of authenticity that gives these NFTs their worth (the contract ID). Even if they minted an NFT with the identical picture, it would be immediately recognized as a forgery. Furthermore, using programs like Collab.Land, the functionality of an NFT is unlocked through its unique contract ID contained inside a digital wallet, rather than through its appearance.
Those in the NFT community who are concerned that their NFT was “screenshotted” should relax; all they need to do now is educate themselves with Etherscan and their community discord channel. Then you may have a good chuckle at screenshotters’ expense.
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