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What You Need to Know about Non-Fungible Tokens

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After Beeple sold his “Everydays: the First 5000 Day” digital-only artwork at Christie’s auction house for $69 million, non-fungible tokens, or NFTs for short, stole the show and became one of the hottest topics for discussion in the crypto space. But what are NFTs and what makes them so unique and valuable? Let’s find out together.

Non-fungible tokens are viewed as cryptographic assets on blockchain with special and unique identification codes as well as metadata that enable you to differentiate them from each other. When comparing fungible vs. non-fungible tokens, it is worth noting that NFTs can be neither traded nor exchanged at equivalency — and this is exactly what differs theme from fungible tokens, e.g. cryptocurrencies backed by gold, or silver, which are normally used as a means of exchange when dealing with commercial transactions.

NFTs, for their part, have managed to upend the crypto paradigm by making each and every token unique and irreplaceable — therefore all non-fungible tokens cannot be equal to another at all. As well as this, it is possible to extend NFTs, which means that you are enabled to combine a particular non-fungible token with another in order to literally “breed” a third unique token.

However, just like Bitcoin NFTs possess ownership details for easier identification and smooth transferring between token holders. In addition, owners can provide in NFTs extra details like metadata as well as other information related to the asset. For example, artists can provide a signature to their digital artwork in the metadata.

Non-fungible tokens can be created on the Ethereum blockchain but developers say that soon some other blockchains will support NFTs too. As a matter of fact, NFTs evolved from the ERC-721 standard which defines the minimum interface needed for exchange and distribution of gaming tokens. Another token standard, which is ERC-1155, is used for reducing the transaction and storage costs needed for non-fungible tokens and batching several types of NFT tokens into one single contract.

A non-fungible token can be implemented in a number of use cases. So, for instance, they are considered to be a perfect match when representing various physical assets such as real estate property, works of art, music, and so on. Considering the fact that NFTs are dependent on blockchain technology, they can be used to do away with costly middlemen services, substantially simplify transactions, and contribute to the creation of new markets.

For the time being, much of today’s market for non-fungible tokens is concentrated around collectibles, including digitally created works of art, sports cards, rarities, video games, music, virtual real estate items, and so on. Currently, one of the most popular NFT spaces is NBA Top Shot, which is a place where you can collect non-fungible tokenized NBA moments in the form of digital cards.

Non-fungible tokens are considered to be a true evolution over the familiar concept of cryptocurrencies. The present-day finance systems comprise elaborate trading and loan systems for a large number of assets, ranging from real estate to art. Probably, one of the most clear-cut benefits of non-fungible tokens is market efficiency. Thanks to the conversion of a real, physical asset into a digital one, it is more than possible to boost strenuous processes and do away with any intermediaries. NFTs that represent a digital artwork on the blockchain are capable of removing the need for agents, thus enabling artists to sell their works directly to their audiences.

As well as this, non-fungible tokens are also capable of democratizing investing via fractionalizing physical assets such as real estate. It goes without saying that it is much easier to divide a digital real estate among a particular number of owners rather than a physical one. This practice can be extended to works of art, video games, and music too.

On the whole, non-fungible tokens are a real power and they have a tremendous capacity to shape our view of the possible. They have become a new plaything for crypto enthusiasts and there is surely real money to be made. If you want to engage in this exciting game too, it is better to trust non-fungible token development to a professional blockchain development team who will take the trouble to make your NFT campaign a success.

From television to the internet platform, Jonathan switched his journey in digital media with Bigtime Daily. He served as a journalist for popular news channels and currently contributes his experience for Bigtime Daily by writing about the tech domain.

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Eric Crews: Pioneering Climate Change Mitigation Technology with Design Desk Inc.

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Climate change, an urgent and pressing global issue, demands visionary leaders who are willing to push the boundaries of innovation to find effective solutions. Eric Crews, the founder and driving force behind Design Desk Inc., is one such visionary entrepreneur who has dedicated his career to addressing environmental challenges and creating groundbreaking Climate Change Mitigation Technology. Through the lens of applied physics and innovative design principles, Crews and his company have revolutionized the fields of clean energy, sustainable transportation, and environmental protection.

The Visionary Entrepreneur

Eric Crews’ journey in the realm of climate change mitigation technology began with a profound recognition of the urgency of addressing environmental challenges. Long before many fully grasped the implications of climate change, Crews understood that the earth was facing a critical juncture. He was driven by a deep conviction that technological advancements could be a powerful tool in combating the devastating effects of climate change.

Crews’ visionary approach is rooted in the belief that we must embrace innovation to drive sustainable development and mitigate the environmental impacts that threaten our planet. He is not content with the status quo and consistently seeks to push the boundaries of what is possible through applied physics and a deep understanding of compound systems.

A Deep Understanding of Applied Physics

Eric Crews’ journey as a climate change mitigation visionary is inseparable from his profound understanding of applied physics. Applied physics involves the practical application of the principles of physics to create tangible solutions. Crews’ ability to harness these principles and utilize them to tackle a myriad of environmental challenges has set him apart as a true pioneer in the field.

His commitment to addressing climate change is evident in the way he utilizes physics to develop products and systems that address key environmental concerns. These include but are not limited to energy production, water purification, air pollution reduction, and sustainable transportation solutions. By employing the fundamental laws of physics, Crews has managed to make considerable strides in improving the world’s environmental health.

Innovative Solutions for a Better World

One of the core principles driving Eric Crews and Design Desk Inc. is the belief that the protection of the public and the environment is not just a moral obligation but also good for business. This philosophy aligns with the growing awareness that sustainable and environmentally friendly solutions are not only ethical but also financially viable in the long run.

The approach taken by Design Desk Inc. is unique in that it focuses on solving real-world environmental problems that disrupt and endanger the public. This involves addressing issues related to natural disasters, loss of life, and property damage, which are increasingly prevalent due to climate change. Eric Crews’ vision has led to the development of solutions that not only mitigate these problems but also provide sustainable alternatives for the future.

The Birth of Design Desk Inc.

Design Desk Inc. was founded in 2010 and has spent several years in relentless pursuit of logic reduction and innovative thinking. The company’s primary goal has been to conceive over-unity power production systems. Over-unity power production refers to systems that produce more energy than is initially invested, effectively challenging the traditional laws of energy conservation.

Design Desk Inc.’s focus on over-unity power production is a testament to Eric Crews’ unwavering commitment to creating groundbreaking technologies. These technologies have the potential to reshape the way we generate and use energy, significantly reducing our reliance on fossil fuels and decreasing greenhouse gas emissions, which are the primary drivers of climate change.

Revolutionizing Clean Energy

Clean energy is at the forefront of the battle against climate change, and Eric Crews and Design Desk Inc. have made significant contributions to this field. Their innovative solutions in clean energy production not only reduce the environmental impact but also increase efficiency. By conceiving over-unity power production systems, they have unlocked new possibilities for generating electricity in a more sustainable and cost-effective manner.

One of their most noteworthy innovations is the application of advanced materials and design principles in solar panels and wind turbines. These technologies, with higher energy conversion efficiency, have the potential to make renewable energy sources more accessible and affordable for a broader range of consumers. This approach aligns with Crews’ vision of making clean energy solutions available to everyone, contributing to a more sustainable future.

Pressurized Hydraulics and Inclined Gear Systems

One of the key technologies employed by Design Desk Inc. involves pressurized hydraulics combined with inclined gear systems. This system utilizes ” counteracting upon” mechanical resistance within the gear system and electrical generator, effectively nullifying it by utilizing stored air pressure within a pneumatic pressure containment vessel.

This tilting motion allows for the generation of angular momentum, which is then harvested as electrical energy. This harvested energy is reintroduced back into the system to drive a cyclical “retained” work capacity.”

Sustainable Transportation Solutions

In addition to their remarkable work in clean energy, Design Desk Inc. has also ventured into the field of sustainable transportation. Eric Crews recognizes that transportation is a significant contributor to greenhouse gas emissions, and addressing this issue is essential for mitigating climate change. His visionary approach extends to the creation of sustainable transportation solutions that are both efficient and eco-friendly.

One of their pioneering projects is the development of electric vehicles (EVs) that integrate cutting-edge battery technology with regenerative braking systems. These advancements result in EVs that offer a longer driving range and shorter charging times, making electric vehicles a more practical choice for a broader audience. By making sustainable transportation options more accessible, Crews and his team are contributing to a reduction in the carbon footprint of the global transportation sector.

Environmental Protection through Innovation

Beyond clean energy and sustainable transportation, Eric Crews and Design Desk Inc. are deeply committed to addressing environmental protection challenges. Their portfolio of solutions extends to areas such as air pollution reduction, water purification, and disaster response technologies.

One notable example is their work in air pollution reduction, where they have developed innovative air purification systems for both industrial and urban settings. These systems use advanced filtration and chemical processes to remove harmful pollutants from the air, contributing to cleaner and healthier environments for communities around the world.

Their expertise in water purification technologies has also led to the creation of compact and efficient systems that provide safe drinking water in regions with limited access to clean water sources. This technology has the potential to improve the quality of life for millions of people, particularly in developing regions where waterborne diseases are a significant concern.

A Vision for the Future

Eric Crews and Design Desk Inc.’s innovative approach to climate change mitigation technology goes beyond just addressing the symptoms of the problem; it seeks to address the root causes. Their commitment to harnessing the power of applied physics, logic reduction, and innovative design principles reflects a vision of a world where sustainability and environmental protection are not just buzzwords but central pillars of our society.

The urgency of climate change necessitates bold, visionary leaders who are willing to invest time, effort, and resources in developing groundbreaking solutions. Crews’ dedication to this cause, as evident through the work of Design Desk Inc., is a testament to the transformative potential of human ingenuity. With over a decade of experience and numerous innovative solutions, Eric Crews and his team are leading the way in the fight against climate change.

Eric Crews, the visionary entrepreneur behind Design Desk Inc., has become a formidable force in the ongoing battle against climate change. His deep understanding of applied physics and compound systems, combined with an unwavering commitment to addressing environmental challenges, has led to groundbreaking advancements in Climate Change Mitigation Technology. 

From clean energy to sustainable transportation and environmental protection, Crews and his team are pioneering innovative solutions that promise a more sustainable and environmentally conscious future. With their dedication to pushing the boundaries of what is possible, Design Desk Inc. is helping to drive positive change in a world that desperately needs it. Eric Crews’ visionary approach reminds us that the fight against climate change is a battle worth fighting, and innovative solutions are the key to a more sustainable and prosperous future.

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