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​What is Nft Art ?

​Nft Art is a digital art that uses Nft technology to create unique and non-transferable value. Digital art generallyrefers to art created using digital devicessuch as PCs, and includes illustrations, paintings, videos, music, and more. Digital art can be easily duplicated and has a hardtime gaining asset value. Therefore, a newtechnology ccalled NFT (Non-FungibleToken) thatutilizes blockchain has emerged,which enables digital art to have uniquevalue similar to traditional paintings.

​Ethereum Blockchain

​Livvy Pfps Collection is created using Ethereum Blockchain. Ethereum is the oldest and most widely used blockchain, with high reliability and security,  and a large circulation. However, it also has the disadvantage of high gas fees depending on the time of day. Many people and developers use Eyhereum for these reasons. There are many types of blockchains, such as Polygon, Solana, Cardano, Avalanche, and recently Bitcoin.

​Contract

​The Contract of Livvy Pfps Collection is created by itself and has a unique Contractaddress for the Collection. The Contract can  bbe assigned for free by creatings a work in the marketplace, but since it adopts a shared format, multiple creators' Collections will be attached to the same Contract. Therefore, the issuer of the work is not the creator, but the marketplace where the work was created. From the perspective of the creator, the process of creating the work is crear and easy to start, but from the perspective of the owner of the work, there is also a side that makes it difficult to feel the sense of ownership, so we deliberately use our own Contract.

​ERC-721

​All of my works adopt the ERC-721 token standard. This standard provides  functions such as transferring tokens between multiple accounts, obtaining the current token balance in an account, obtaining the token owner, and obtaining the total number of tokens supplied on the network. There are several types of token standards of Ethereum, but ERC-721 is a token standard suitable for issuing NFTs and most major projects adopt this token standard. The reason is that it is possible to assign a unique ID to each token, which enables NFTs to have the characteristic of being unique and valuable. However, there is also a downside of requiring high fees. Another standard that is widely adopted is ERC-1155, which is an excellent token standard that combines the features of ERC-20 and ERC-721. However, it is not  possible to assign a unique ID to each token. On the other hand, it has the advantage of being able to send multiple tokens in one transaction, resulting in low fees.

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