When I learn about something new I like to share it online, because presenting a report helps me learn about a subject much better.

So I am certaily not a qualified crypto expert.

I believe NFTs and crypto currency may have been created to help poor people make money as jobs, especially tech jobs, are being eliminated by artificial intelligence and robots.

I am learning with many of you the possibilities and pitfalls of crypto, so proceed with caution but remember, we are ordered not to worry and it is all God's money and stuff anyway.

If you believe the resources get where they need to go if you lose something you will be much happier in the long run.

So far almost everything I've lost has been replaced with a fine measure full and overflowing.

- rolling stone

'However you’ve heard of it, Ethereum is one of two cryptocurrencies that investing experts recommend beginners stick to (the other being Bitcoin), because it’s more-established than other lesser-known cryptos. So if you’ve decided that cryptocurrency has a place in your portfolio, are OK with the risks, and are ready to buy some, here’s where to start.'

- next advisor

'NFTs are tokens that we can use to represent ownership of unique items. They let us tokenize things like art, collectibles, even real estate. Ownership of an asset is secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.

NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties.

Fungible items, on the other hand, can be exchanged because their value defines them rather than their unique properties. For example, ETH or dollars are fungible because 1 ETH / $1 USD is exchangeable for another 1 ETH / $1 USD.'

NFT Examples:

- etherium

'While most people are familiar with NFTs as digital artwork, any digital asset can be minted into an NFT. Here are examples of what else can be turned into an NFT:

Audio files

Video footage

In-game collectibles such as special weapons, character clothing, and chat stickers

Virtual land, such as the land sold in Axie Marketplace

Note that what you turn into an NFT may be limited by the accepted file type and size of your chosen blockchain platform. Much like a limited-release item, you can also make several copies or only one NFT to maintain its rarity. For example, you can make only two copies of a certain NFT in a collection where your other NFTs have 10 or 20 copies.'

- tokenfy

Smart Contracts

'Crypto code is much more unforgiving than traditional software. Silicon Valley engineers generally try to make their programs as bug-free as possible before they ship, but if a problem or bug is later found, the code can be updated.'

'That’s not possible with many crypto projects. They run using smart contracts—computer code that governs the transactions. (Say you want to pay an artist 1 ETH for an NFT; a smart contract can be coded to automatically send you the NFT token once the money arrives in the artist’s wallet.) The thing is, once smart-contract code is live on a blockchain, you can’t update it. If you discover a bug, it’s too late: the whole point of blockchains is that you can’t alter stuff that’s been written to them. Worse, code that’s hosted on a blockchain is publicly visible—so black-hat hackers can study it at their leisure and look for mistakes to exploit.'

- technology review

'A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement.[1][2][3][4] The objectives of smart contracts are the reduction of need for trusted intermediators, arbitration costs, and fraud losses, as well as the reduction of malicious and accidental exceptions.[5][2] Smart contracts are commonly associated with cryptocurrencies, and the smart contracts introduced by Ethereum are generally considered a fundamental building block for decentralized finance (DeFi) and NFT applications.[6][7] [8]'

- smart contract wiki

'ETHEREUM'

'Ethereum tops the list of smart contract platforms. While most people are aware of the Ethereum Project through its token, Ethereum or Ether or ERC-20, many are not aware that this is one of the most exciting startups in the last decade or two. It is the world‘s leading smart contract platform and is the top choice for most developers.'

'Why Use Ethereum'

'The platform first went live in July 2015. Since then it has grown by leaps and bounds and now facilitates smart contracts for everything from online games to ICOs. In fact, the vast majority of ICOs now use the ERC-20 token standard to facilitate their offering.'

- devteam blog

'Note: The prominent crypto exchange FTX recently filed for bankruptcy, setting off a chain reaction impacting other exchanges and leading various cryptocurrency values to plummet. Until the dust settles, proceed with extreme caution; it may be wiser to park your funds in a high-yield savings account until the crypto market stabilizes.'

- business insider

'How are NFTs taxed?

Just like traditional cryptocurrencies like Ethereum and Bitcoin, NFTs are treated as a form of property for tax purposes.

Like other forms of property such as stocks, bonds, real estate, or traditional artwork, you incur capital gains or capital losses when you dispose of the property, or in this case when you dispose of the NFT.'

- coin ledger

'Crypto Assets'

'You should know that those who are offering crypto asset investments or services may not be in compliance with applicable law, including federal securities laws. These investments also can be speculative, risky, and volatile. If you are considering an investment opportunity involving crypto assets, you may be wondering if it is legal, if it is right for you, or even whether it might be a scam. We urge you to be cautious in considering whether crypto asset investments are appropriate for you.'

- investor gov

'A virtual private network (VPN) is a mechanism for creating a secure connection between a computing device and a computer network, or between two networks, using an insecure communication medium such as the public Internet.[1] A VPN can extend a private network (one that disallows or restricts public access), enabling users to send and receive data across public networks as if their devices were directly connected to the private network.[2] The benefits of a VPN include security, reduced costs for dedicated communication lines, and greater flexibility for remote workers. VPNs are also used to bypass internet censorship. Encryption is common, although not an inherent part of a VPN connection.[3]'

'A VPN is created by establishing a virtual point-to-point connection through the use of tunneling protocols over existing networks. A VPN available from the public Internet can provide some of the benefits of a wide area network (WAN). From a user perspective, the resources available within the private network can be accessed remotely.[4]'

- virtual private network wiki

'Best Mobile VPN of 2023'

'Use the best VPN for your device to boost your browsing security'

- amp

'As the NFT market grows, fraudsters are finding innovative ways to separate NFT creators from their hard-earned digital assets.

The most common NFT cons are phishing, bidding scams, pump-and-dump scams and counterfeit NFTs.

To protect your NFTs, avoid phishing sites and never share your master password with anyone or any website. In addition, always research and verify an NFT before making a purchase.

To anonymize and encrypt your traffic, use a robust VPN service.

The difficulty with NFT scams is that they’re continuously evolving and you might not know exactly what to do to safeguard your digital assets. In this post, we’ll lift the lid on the most common NFT scams, explaining how they work and what you can do to keep your NFTs safe, such as using a VPN. Ready? Let’s jump right in.'

- cloudwards