Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.
The couple prepared a smart contract for their Judish ceremony. They will keep it in their crypto wallets. To leverage the uniqueness of the crypto asset issued by their contract, the spouses created their tokens on Etherscan.
One would think that there is nothing special in a wedding ceremony as most of them follow a similar format. However, a couple from California managed to get on the news with their rites of matrimony. Peter Kacherginsky and Rebecca Rose, both are Coinbase employees, exchanged NFT wedding rings.
The couple shared their impressions on Twitter:
— Rebecca Rose (@rgoldilox) April 2, 2021
The couple prepared a smart contract for their Judish ceremony. They will keep it in their crypto wallets. To leverage the uniqueness of the crypto asset issued by their contract, the spouses created their tokens on Etherscan. As a result of their decision, two “Tabaat” tokens have been minted. In Hebrew, “Tabaat” stands for “ring”. The couple has even shared a small animation to explain the significance of their non-fungible tokens.
Rebecca Rose said:
“In addition to a traditional Jewish ceremony, we wanted to solidify our vows in a more personal way.”
Further, she added:
“We stored an animation by artist Carl Johan Hasselrot inside the unique tokens, which illustrates two distinct things becoming one, like in marriage.”
Besides, the bride compared their love and blockchain:
“The #blockchain, unlike physical objects, is forever. It is unstoppable, impossible to censor, and does not require anyone’s permission. Just as love should be.”
Hopefully, this blockchain love will be permanent.
NFTs’ Mass Adoption
NFTs, or non-fungible tokens, represent unique items. They are becoming more and more popular among digital artists, gaming companies, and investors. Having emerged back in 2012, NFTs started gaining mass adoption only in 2017, when CryptoPunks and CryptoKitty were created. CryptoPunks consists of 10,000 cute animations of human bodies and animal characters, while CryptoKitty is a set of images of fantasy cats, which were originally given away for free.
Being rare, indivisible, and unique, NFTs can not be exchanged or replaced with each other, in contrast to regular cryptocurrencies. In addition, NFTs preserve ownership rights. Use cases for NFTs include first of all gaming industry, where they help to drive in-game economies. Further, they can be helpful for digital goods and collectibles, digital tickets, identity authentication, software licensing, digital certificates, digital equities. Rebecca Rose and Peter Kacherginsky’s NFT rings add to this list.
The most expensive NFTs were Dragon the CryptoKitty, valued at 600 ETH, CryptoPunk’s Alien #2089, worth 605 ETH. In February 2021, digital artist Beeple sold his digital art titled “Everydays: The First 5000 Days” for $69 million at an online Christie’s auction. Basketball player LeBron James sold his historic dunk shot with the Los Angeles Lakers jersey for $ 200,000 NFT.