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"I have absolutely no idea what's going on." |
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"STOP IT. THIS IS NOT OKIE-DOKIE." a highly controversial item among the SMG4 fanbase. Reason: Real-life controversy regarding art theft, scams, and the negative enviromental impact.This must be filled out. If you see this message and you know the controversy source, please replace this message with the link to controversy. |
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A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from blockchain cryptocurrencies, such as Bitcoin.
NFT ledgers claim to provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. NFTs do not restrict the sharing or copying of the underlying digital files, do not necessarily convey the copyright of the digital files, and do not prevent the creation of NFTs with identical associated files.
NFTs have been used as a speculative asset, and they have drawn increasing criticism for the energy cost and carbon footprint associated with validating blockchain transactions as well as their frequent use in art scams and claimed structure of the NFT market to be a ponzi scheme.
History[]
SMG4: What If Mario Had $10,000,000?[]
Mario buys a drawn NFT for $100,000.
SMG4: Freddy's Spaghetteria Security Breach[]
Glamrock Freddy carries a Bored Ape NFT when he is malfunctioned.
SMG4: Mario Gets Into NFTs[]
Funky Kong convinces Mario that owning NFTs will make him cool to sell him a Bored Ape. They were used by Mario as collectibles, and also as a tool of power, turning the residents of the Mushroom Kingdom, friend and foe alike into JPEGs. Tari challenged Mario for the freedom of her friends in a Yu-Gi-Oh cards vs NFT match and Bob manages to save the day by copy pasting Mario's original Bored Ape to make an army to oppose him.
Trivia[]
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