BOOM! You hear me?!? BOOM!
Ladies, gentlemen, and everyone else. I'm truly excited to share with you a historic day. Steem's got NFTs!!! NFTs unlock the ability of the Steem Blockchain to track anything in the world individually and tie the tokenization to a global market. I see wonderful and beautiful things for Steem and Steem Engine!
Why here on Steem?
Steem has some great advantages. There's an existing community that can communicate through immutable social media. The transactions are fast with 3 second block times. Account names are human readable so I have a sense of the person, business, or community I'm doing business with. Transactions are free. So, I'm not forced to pay a gas transfer fee every time I want to take an action with my digital assets!
Where can I find the changes?
Ok, so it's day one, and I don't want to over hype this thing too crazy, but the token creation is live on the site. Please visit https://next.steem-engine.com. You'll also notice we've upgraded the look and feel of the dex. However, if you don't like the new look and feel you're free to use steem-engine.com. We know there's a lot of work still left to be done, but our team is really excited for our start here.
What's an NFT?
The term NFT is an acronym that stands for non-fungible token. It means that the tokens in the series are unique and have a unique identifier to track them.
It usually helps to explain with an example. If I send you a Steem you don't ask me "which one did you send?" because it doesn't matter because they're all convertible. They're fungible.
If I send you a Splinterlands card you'll likely ask "which one did you send?" and if I say "Lord of Darkness" you might again repeat "which Lord of Darkness did you send?" because each and every card in Splinterlands is unique. Right now just the card ID and stats associated with leveling up will change, but in the future cards could have experience, items, and special abilities based on how it has been used in the game or other player choices.
Why does this matter?
I think that NFTs are key to unlocking the full potential of the blockchain revolution. A few major sectors are inventory management, gaming, and finance. Let's hone in on a few examples.
Inventory Management
When you make a product you could give each one a unique ID. When someone buys that product a token attached to that unique ID can be transferred to the purchaser. It's now proof of ownership. At that point they have the option to redeem the product, or interact with it. They could transfer it. They could also query the blockchain to determine where it is or what the status is.
Things like this exist now, but it's less secure because without the token it's harder to prove true ownership. Blockchain tracks ownership like having a public receipt for the purchase stored on computers all around the world. I think Amazon, one of the largest companies in the world, will ultimately switch to being decentralized or eaten piece by piece by companies that can provide the same service, cheaper, with better and more accurate tracking and verified ownership powered by blockchain.
Gaming
You've spent $60 dollars on a game you love. You spend hours playing and have collected many great and wonderful items. You've beaten the game or are satisfied. Now you're done... but you can't sell anything because you don't actually own anything. So, you're out $60. Or maybe you're stuck and would like to purchase an item to help you get farther along, but you can't buy, sell, or trade items for dollars. So, back to grinding slowly.
With a blockchain based inventory every item you get can be a unique token. Now you can trade those tokens on an exchange. You can literally get paid to play the game you love because the gear that drops can be sold for cash. You're still getting the same broadsword and chainmail, but now it's worth $$$. So, when you're done playing sell your gear and lambo up. Or do what we do on Splinterlands: rent digital assets for passive income.
Lastly, you'll know so much about the market. With Splinterlands we can track how many cards exist, who own them, how often are they used, how frequently do they win, who is willing to sell them, and at what price are they selling them. There's more information available about our cards and our game than you can get with traditional centralized games. Players who are exposed to this I think will have a hard time going back to where they don't actually own things or have the same level of information about them.
Finance
Every insurance contract, car title, and house could all be tokenized. There will be whole industries that are forced to evolve because of blockchain. Know what debts exist, know which accounts hold the debt, see who has purchased some portion of a tokenized house. There's an endless new array of how physically unique items can be tied to international borderless transcations. In the end it'll come down to unparalleled access to information. You'll know more about what you're buying, selling, and trading here than you ever could with traditional closed source systems.
Where's the project at?
It's day 1. We've got the NFT creation on site. We're working out a few bugs on production prohibiting images, but the token creation itself is there. We're working on getting the market live.
As I'm exploring more personally I think we need some general explanation how the NFT system works. Things like fees, and term definitions aren't there. So, we need some more documentation around the experience.
What's the vision?
The goal is for people to be able to trade anything here on Steem through Steem-Engine. We've just opened up a huge toolset for people to use to do that by allowing the tokens and thus products they represent to be tracked individually. It's a big step for the Engine and a big step for the chain.
We'll have a lot of work to do on the site to make it even better, but for now just raise a glass and toast the team.
@harpagon
@eonwarped
@beggars
@bait002
@lion200
@inertia
@clayboyn
@someguy123
and special thanks to @yabapmatt and @asgarth for their help along the way!
The idea of tokenizing unique in-game gear opens up exciting new opportunities to stack crypto by spending your time and attention. Which is my favorite saying and pass time.
Your time and attention is worth something, with Steem you can unlock that value by stacking crypto.
Keep up the great work!
Exciting!! I admit I don't fully understand it all but I am excited none the less.
Acknowledging one's ignorance is Step 1 🤣😂🤪
Uh, thanks? Baahaha. Is step 2 beer?
You learn quick young grasshopper..
Amazing! Thank you supporting Steem community. Resteemed this article for #Japanese community.
So I checked out the new site. Very clean and easy to understand. But... how do I get it to display my s-e tokens by total value.. or value per token..?
There's a 'Total wallet value' (in USD) at the top of your wallet page (must be logged in).
https://next.steem-engine.com/wallet
You can't see individual token values, as far as I know, except for the balance, like in the main site.
Update: Ah, if you meant ordering by them, they must be reworking sorting. Beta changed a bit since last time I checked it.
hello sir @aggroed ; today i have withrawed 415 steeem from my account in steem-engine , but no think in my steemit wallet ?
This is the transaction ID . https://steemd.com/tx/9811c63312cbfa077ec89813c8e100069155ccd7
One small step for the Engine, one giant leap for the chain!
Great job @aggroed & SteemEngine Team, you guys are crushing it! Looking forward to seeing the impacts this has on the STEEM gaming scene 🧙
Good work. Many people will asign a unique ID even to their things. That's what I will do. Personalize everything.
It amazes me how much yous and some others got going on all at once.
Keep up the great work!
🥂 Agree - it's a big step. Really good job @aggroed and all the others! And sooner available than SMTs or NFTs developed by Steemit... Cheers! @retinox
The inventory aspect of this is next level for those of us who make & ship product. Very early days, but anything which empowers the little entrepreneurs to take on monoliths like amazon deserves a stand8ng ovation!
Yay....great job!
Very cool. Keep up the good work!
This is great to see. I was already interested in SMT's, but this is just as, if not more, exciting. NFT's not only have use cases for games, but they also have a huge use case for artists, such as E.G. Artist's one-of-a-kind "Screaming Mama" digital painting (name and painting both examples, of course). Anything without the NFT is just a cheap knock off or screenshot.
Great stuff!
reverendrum already has an NFT pirate flag. I issued him today.
We are curretnly issuing tokens from the following games:
steemquest
steemtrek
and pirateworld
Well done and here is to the next chapter. Cheers.
Now games on Steem can get more interesting, am I right?
booom shake the room!!!
!giphy boom
giphy is supported by witness untersatz!
so are the NFT's stored on steemit ???
or steem-engine / sidechain ???
”The goal is for people to be able to trade anything here on Steem through Steem-Engine. We've just opened up a huge toolset for people to use to do that by allowing the tokens and thus products they represent to be tracked individually.”
OK so are you saying that Steem-Engine is essentially going to become a marketplace for folk to trade goods/services for STEEM and all other Steem-based tokens (SCOTs)...??
Cool concept! Definitely something to keep watching.
You have to be fucking kidding me!
This means that all those artists, painters, illustrators, photographers, etc., can come to the blockchain and monetize their works, it is incredible!
NFTs huh?
Real-world use-cases coming right up 🙂
Congrads! historic moment buddy!
Hey @aggroed, use all eight tags! Put an “nft” tag to this post. It deserves to be recorded in history :)
why not use steempeak and have even 10 tags!
Because Steempeak insists on connecting through Steemconnect, @stayoutoftherz
I login to steempeak via Keychain, it works!
I would like to do it with my posting key also
So basically like an asset on the blockchain.
That Amazon usecase was a brilliant example. Waiting to see more innovation.
Bom bom bom bom bom bom bom
Gran noticia!!! Enhorabuena a los diseñadores, programadores y todos los Steemian que creemos y confiamos en que aquí se está cocinando algo histórico que va a cambiar la forma de funcionar internet, la economía y EL MUNDO!!!!... Siento haber gritado, me he venido arriba xD.
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Big!
Congrats ! 💙
GodSpeed 💙 NFT ♬
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I hope to give real use ...
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!trdo
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what will happen to the old se site?
Congratulations team!! Created mine and look forward to issuing some limited edition music related NFTs soon!
Earn ATOM tokens listening to independent music on AtomCollectorRecords.com
Join our Discord for airdrops, giveaways and more!
Actually a historic day. Huge congratulations to the whole Build Team.
woot! good stuff
I am interested in Inventory Management using NFT.
This actually sounds pretty exciting.
Because now the decks are going to be valuable because based on their past battle records in the future.
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Great progress for #steem
I hope to be a full partaker of steem! And become a global citizen using steem
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Woot!
Congratulations @aggroed!
Your post was mentioned in the Steem Hit Parade in the following categories:
Great to see tokenomics and the tokenization of all things coming to the steem blockchain. NFTs are a powerful new revolutionary tool for the digital arena and I plan to jump on board.
NFTs AND CANDLESTICK charts fuckkkkk yesssssssss!!!!
YY
Ay!!! Can it be done in Windows 10, C++, Visual Studio 2019?
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Congratulation for the launch. Looking forward for some NFT use case on Steem
A !BEER for the team :)