CRYPTO ACADEMY WEEK10- HOMEWORK FOR [LEVYCORE] // A PROJECT THAT USES NFT

INTRODUCTION

good day sir @levycore congratulations on your position as a professor in this great community, I went through your article it was a good one and I love the way you took to time to explain what NFT means.

WHAT IS NFT

firstly I would love to talk about itself, NFT is an abbreviated for Non Fungible Token. For something to be fungible it means it's freely interchangeable with another in satisfying an obligation. with this definition of fungible, a non-fungible-token can be defined as a token that can't be freely interchangeable.
Example of a tangible token is the bitcoin cause if you trade one bitcoin for another it will give you the same thing but if a token is non fungible if you trade it for another thing you'll get something completely different.

Source

NFT's are part of the Ethereum blockchain and ethereum is like any other crypto currency like bitcoin litecoin steem e.t.c but what makes the ethereum different is that it's block chain support the NFT's which store information that's makes them operate differently from and Ethereum.

NOTE: other blockchains can make their own NFT's too.

Source a picture of a NFT artwork

A PROJECT THAT USES NFT

little moon rocket

the little Moon Rockets is a good example of a project that uses NFT it can be defined as a digital vector pop art NFT collection consisting of 13337 collectibles i.e NFT's vector pop-art collection which are stored on the binance smartchain.
The little Moon Rockets collection was curated out of 272,160,000 possible combinations using a unique proprietary random number generation algorithm.
The little moon rocket doesn't have a specific price it price keeps flunctusting just like any other crypto.

Source

Every Little Moon Rocket has over 10 outstanding traits. Each of the 13337 NFTs which is about half a year worth of NFT is therefore unique. And people make the artwork ever more unique using the NYR token I.e "name your rocket token" that comes with each little moon rocket.

Earlier march 2021 the little rock project sold almost 2/3rd of it latest NFT's In Just 10 days. It sold 8316 non fungible tokens In Just 10days
Binance smartchain hosted the sale of this tokens the total sale was about $1million I.e 4158bnb as at then the tokens went to 411 wallet addresses which are the address of the collectors each with an average of 20 little moon rocket. During this period they conducted a blind sale i.e the nature of the little moon rockets won't be revealed until the sale is over.

LiL Moon Rockets were curated out of a total of 272,160,000 possible combinations using a random number generation algorithm like I said earlier. At the beginning of the sale buyers won't know what they'll receive because of the blind sale they are conducting. owners will also be able to claim Name Your Rocket (NYR) tokens, which they can use to name their artwork
NOTE:you can't name your artwork a name that has already been used
little moon rockets will be stored on the binance smartchain. to own a rare digital artwork with a distribution model and to access the sale of these artwork, you’ll need to download an app called "MetaMask" and connect it to the Binance Smart Chain using the little moon rockets.

CONCLUSION

this is all I have about a project called little moon rock which uses NFT, thank your for taking your time to read sir @levycore I hope you enjoy my write up.

Cc @levycore
Cc @steemexclusive
Cc @steemitblog
Cc @steemcurator02