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Tariffs![[later] I don't get why our pizza slices have such terrible reviews; the geotextile-infused sauce gives the toppings incredible slope stability!](https://imgs.xkcd.com/comics/tariffs.png "[later] I don't get why our pizza slices have such terrible reviews; the geotextile-infused sauce gives the toppings incredible slope stability!")
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China’s Xi is visiting Vietnam, Cambodia and Malaysia — countries Trump hit with tariffs
Mon, 14 Apr 2025 13:42:23 +0000
Match ID: 0 Score: 95.00 source: www.washingtonpost.com age: 0 days
qualifiers: 40.00 china, 20.00 malaysia, 20.00 cambodia, 15.00 vietnam
‘No winners’ in a trade war, says China’s Xi as he heads to Vietnam on charm offensive
Mon, 14 Apr 2025 10:55:04 GMT
Xi Jinping expected to present China as reliable partner in contrast to US, which imposed – then suspended – tariffs over 40% on some countries
The Chinese president, Xi Jinping, warned there would be “no winners” in a trade war and that protectionism “leads nowhere”, as he began a three-nation trip to south-east Asia, starting in Vietnam on Monday.
Xi’s tour, which started in Hanoi, also includes rare visits to Malaysia and Cambodia and will seek to strengthen ties with China’s closest neighbours amid a trade war that has sent shock waves through global markets.
Continue reading...Effects could tip one into recession and undermine other’s fragile economy but prospects for rapprochement are not hopeless
Sky-high tariffs that now hang heavily over US-China trade mean, effectively, that they have declared a trade embargo on each other, normally an act of war. The economic consequences for both will hurt.
The US’s $150bn (£113bn) or so of exports to China will fall away quickly, while China’s $440bn worth of exports to the US may drop by up to 75% over the next 18 months, unless some sort of negotiation happens. No one will be spared the effects.
Continue reading...China has been flexing its maritime muscle in the Indo-Pacific – moves that pose a challenge for the US president
In the space of just five weeks, China held live-fire drills on the doorsteps of Australia, Taiwan and Vietnam. It tested new landing barges on ships that could facilitate an amphibious assault on Taiwan. And it unveiled deep-sea cable cutters with the ability to switch off another country’s internet access – a tool no other nation admits to having.
China has been flexing its maritime muscle in the Indo-Pacific to send a message of supremacy to its regional neighbours, experts say. But it’s also testing the thinking of a bigger rival further afield: Donald Trump.
Continue reading...Students from Muslim-majority countries as well as Asia and Africa are having their visas revoked with little or no explanation.
The post Trump Appears to Be Targeting Muslim and “Non-White” Students for Deportation appeared first on The Intercept.
The Wall Street Journal has the story:
Chinese officials acknowledged in a secret December meeting that Beijing was behind a widespread series of alarming cyberattacks on U.S. infrastructure, according to people familiar with the matter, underscoring how hostilities between the two superpowers are continuing to escalate.
The Chinese delegation linked years of intrusions into computer networks at U.S. ports, water utilities, airports and other targets, to increasing U.S. policy support for Taiwan, the people, who declined to be named, said.
The admission wasn’t explicit:...
US president issues scathing view of Chinese counterpart’s motivations amid escalating trade war with Beijing
Xi Jinping’s tour of South-east Asia this week is likely intended to “screw” the United States, President Donald Trump has suggested, as the Chinese leader embarks on five-day tour of some nations hardest hit by Trump’s tariffs.
China’s president arrived in Hanoi on Monday, where he met Vietnam’s top leader, To Lam, called for stronger trade ties, and signed dozens of cooperation agreements, including on enhancing supply chains.
Continue reading...Unctad says many countries targeted with high tariff rates are unlikely to be a threat to US
The UN’s trade and development arm, Unctad, is calling on Donald Trump to exempt the world’s poorest and smallest countries from “reciprocal” tariffs, or risk “serious economic harm”.
In a report published on Monday, Unctad identifies 28 nations the US president singled out for a higher tariff rate than the 10% baseline – despite each accounting for less than 0.1% of the US trade deficit.
Continue reading...Protesters across the country have been rallying every weekend to try and drive Elon Musk’s car business into the ground.
The post Meet the Activists Motivated by Hatred of Elon Musk appeared first on The Intercept.
Tech firm has reportedly flown 600 tonnes of handsets from Indian factories as Chinese goods face huge tariffs
Apple is reportedly chartering cargo flights to ferry iPhones from its Indian manufacturing plants to the US in an attempt to beat Donald Trump’s tariffs.
The tech company has flown 600 tonnes of iPhones, or as many as 1.5m handsets, to the US from India since March after ramping up production at its plants in the country, according to Reuters.
Continue reading...The U.S. moved toward tariffs that protected U.S. workers, industry, and the environment, says one expert. Trump is undoing it all.
The post What Could Progressive Tariffs Actually Look Like? appeared first on The Intercept.
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Donald Trump will meet this morning with El Salvador’s president, Nayib Bukele, at 11am ET at the White House.
Referring to the cost of imprisoning the detainees in El Salvador, Trump told reporters on Sunday about Bukele:
I think he’s doing a fantastic job, and he’s taking care of a lot of problems that we have that we really wouldn’t be able to take care of from a cost standpoint.
He’s been amazing. We have some very bad people in that prison. People that should have never have been allowed into our country. People that murdered, drug dealers, some of the worst people on earth are in that prison. And he’s able to do that.
Continue reading...Republicans increase pressure on Trump after 35 killed in Sumy, with US president calling for ‘death and destruction to stop’. What we know on day 1,147
Ukraine held a press conference with Chinese soldiers captured on the frontline after Volodymyr Zelenskyy accused Russia of recruiting fighters from China using social media. The men were led into a press centre handcuffed and flanked by armed Ukrainian guards and it was unclear if they were speaking of their own volition. The pair told journalists they hoped to be part of a prisoner swap.
Zelenskyy, the Ukrainian president, has accused Moscow of dragging Beijing into its invasion, saying that several hundred Chinese nationals were fighting at the frontline. The Kremlin has denied it claim while Beijing has warned parties to the conflict against making “irresponsible remarks”.
Zelenskyy accused Vladimir Putin of remaining focused on continuing the war, saying Russia had openly refused to engage in ceasefire talks. “There is only one reason for this – in Moscow, they are not afraid. If there is no strong enough pressure on Russia, they will keep doing what they are used to – they will keep waging war.”
Republicans supporters of Ukraine are pointing to Russia’s latest strikes as evidence Donald Trump needs to take a firmer tone with Putin, the Russian president, if he wants a ceasefire deal, Andrew Roth writes. GOP lawmakers – who generally tread carefully considering Trump’s apparent affinity for the Kremlin – have become invigorated and vocal in recent days after the deadly Palm Sunday strike in the Ukrainian city of Sumy.
Democrats in the US House introduced legislation to boost support for Ukraine after a similar move by those in the Senate, including funding for security and reconstruction. The bill would also include stiff sanctions on Russia if lawmakers deem it unwilling to engage in good-faith peace efforts.
Trump insisted on Monday he was working “diligently to get the death and destruction to stop” in Ukraine, while falsely blaming Zelenskyy and the previous US president, Joe Biden, for allowing the invasion to take place. Trump wrote on Truth Social: “We have to get it to stop, and fast.”
Russia has claimed the attack on Sumy, which killed at least 35 people, including two children, was targeting a gathering of Ukrainian troops, not civilians. A spokesperson for the Kremlin accused Kyiv of using civilians as shields by holding military meetings in dense city centres. Russia gave no evidence to back up its claims, and during the war there have been widespread Russian attacks killing many civilians.
Ukrainians mourned victims of the Palm Sunday strikes at gatherings on Monday. “It was chaos. There were mountains of corpses,” a combat medic who helped the injured said. “My shoes were covered in blood. I haven’t cleaned them yet, it’s the blood of the wounded.”
Ukraine’s air force said another Russian missile and guided bombs struck the outskirts of Sumy on Monday – no casualties were reported.
The US held “constructive” talks with Ukraine last week about a proposed minerals deal, a senior official said on Monday. The two countries were supposed to finalise a pact in March to extract Ukraine’s mineral resources, but those plans were derailed after Trump and Zelenskyy clashed at the White House.
Continue reading...Government’s rapprochement with Beijing may risk national security in wake of British Steel crisis, party members say
Senior Labour figures have urged the government to review Chinese investment in UK infrastructure in the wake of theBritish Steel crisis, warning that a rapprochement with Beijing could risk national security.
Government officials insisted on Monday the country remained open to funding from Chinese companies even after a dramatic weekend during which ministers wrested control of the Scunthorpe steelmaking plant from the Chinese owners, Jingye.
Continue reading...Chinese customs official says trade has diversified away from US in recent years and plays up ‘vast domestic market’
China has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “sky won’t fall”, as stock markets rose amid signs of a retreat on electronics restrictions.
The US president claimed his strategy was working on Monday, with record levels of investment. Addressing reporters at the White House, he continued to threaten new tariffs on pharmaceutical goods.
Continue reading...The deal signed last week between the centre-right CDU and centre-left SPD paves the way for vital investment in Europe’s biggest economy
Some years ago, hundreds of German finance ministry staff dressed in black and formed a giant zero to salute their boss, Wolfgang Schäuble, as he left office. It was a tribute to Mr Schäuble’s extreme fiscal conservatism, which had delivered Germany’s first balanced budget in the postwar period. Amid resurgent prosperity in the Angela Merkel years, the so-called black zero – symbolising a constitutional prohibition on public debt – had gradually acquired cult status.
As a new administration prepares to take power in Berlin, it seems unlikely that human euro signs will welcome the latest politician to take on Mr Schäuble’s former role. But in dramatic fashion, the spending taps are set to be turned on. Via a swiftly staged March vote in the outgoing Bundestag, “debt brake” dogma was consigned to history by the chancellor‑elect, Friedrich Merz. The way was thus paved for groundbreaking expenditure on defence, and the overhaul of an economy being left behind in a changed, suddenly menacing world.
Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.
Continue reading...Approach to expanding trade has been castigated for allowing Beijing to invest heavily in vital UK infrastructure
As even Donald Trump was forced to accept in scaling back his latest tariffs, China is just too big to ignore. And so it is, on a much smaller scale, that yet another UK government is doing several contradictory things at once when it comes to Beijing.
This weekend brought a particularly resonant example. On the one hand, the business secretary, Jonathan Reynolds, was hinting that British Steel’s Chinese owner, Jingye, was to blame for neglect – if not worse – over the fate of the threatened blast furnaces at Scunthorpe.
Continue reading...  | submitted by /u/chrisdh79 [link] [comments] |
A little-known database logs hundreds of millions of wire transfers sent to or from Mexico, Arizona, California, New Mexico, and Texas.
The post The Unusual Nonprofit That Helps ICE Spy on Wire Transfers appeared first on The Intercept.
Wera Hobhouse says her apparent presence on secret list of critics of country’s human rights record made her a target
A Liberal Democrat MP refused entry to Hong Kong to see her young grandson has said her experience should be “a wake-up call for any parliamentarian”, given that it seems to show China holds a secret list of banned politicians.
Wera Hobhouse, who was turned back by officials on Thursday, said she was given no explanation as to why this happened, and could only assume that it was because she had spoken out about rights abuses by China.
Continue reading...  | submitted by /u/Logical_Welder3467 [link] [comments] |
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The “Tesla Takedown” protests reveal a major vulnerability of the Trump regime.
The post The Tesla Takedown Shows How We Can Make Oligarchs Feel the Pain appeared first on The Intercept.
Owner of Michelin-starred Veeraswamy, London, heads to high court to object to ‘heartless’ plans to upgrade building
It has been a fixture of British-Indian dining since it first opened its doors in April 1926 on the day of Elizabeth II’s birth, serving guests over the decades ranging from Marlon Brando to the late Queen herself.
Yet despite surviving the Blitz and London’s relentlessly competitive restaurant sector, a dispute with the current monarch’s property developer threatens the survival of London’s oldest Indian restaurant just short of its 100th anniversary.
Continue reading...We’d like to hear from small business owners in the UK and elsewhere about any impact of changing tariffs
China has raised tariffs on US imports to 125% in an escalation of the trade dispute between the world’s two largest economies.
US tariffs on Chinese goods now total 145%, while most other countries, including the UK, have maintained a 10% tariff on goods following Donald Trump’s announcements on Wednesday pausing “reciprocal” tariffs for 90 days.
Continue reading...  | submitted by /u/self-fix [link] [comments] |
Tahawwur Hussain Rana, 64, to stand trial for plotting multiday slaughter carried out by 10 Islamist gunmen
A Pakistan-born Canadian citizen wanted for his alleged role in the deadly 2008 Mumbai siege has landed in New Delhi after his extradition from the United States.
Tahawwur Hussain Rana, 64, arrived at a military airbase outside the Indian capital under heavily armed guard late on Thursday, and will be held in detention to face trial.
Continue reading...Just weeks away from graduation, some international students at Arizona State University have been blocked from completing degrees.
The post At Least 50 Arizona State Students Have Now Had Visas Revoked, Lawyer Says appeared first on The Intercept.
The veteran investigative journalist will cover U.S. military operations, national security issues, and foreign affairs through this yearlong fellowship.
The post Nick Turse Joins The Intercept as Inaugural National Security Reporting Fellow appeared first on The Intercept.
At a Congressional hearing earlier this week, Matt Blaze made the point that CALEA, the 1994 law that forces telecoms to make phone calls wiretappable, is outdated in today’s threat environment and should be rethought:
In other words, while the legally-mandated CALEA capability requirements have changed little over the last three decades, the infrastructure that must implement and protect it has changed radically. This has greatly expanded the “attack surface” that must be defended to prevent unauthorized wiretaps, especially at scale. The job of the illegal eavesdropper has gotten significantly easier, with many more options and opportunities for them to exploit. Compromising our telecommunications infrastructure is now little different from performing any other kind of computer intrusion or data breach, a well-known and endemic cybersecurity problem. To put it bluntly, something like Salt Typhoon was inevitable, and will likely happen again unless significant changes are made...
Leaders around the world have reacted with a mix of a mix of confusion and concern after Donald Trump announced sweeping tariffs on some of its largest trading partners, upending decades of US trade policy and starting a possible global trade war. The tariffs range from 10% to 49% on all goods imported from abroad
‘Nowhere on earth is safe’: Trump imposes tariffs on uninhabited islands near Antarctica
War-torn and struggling countries among those facing steepest Trump reciprocal tariffs
Former City minister denies allegations she received land illegally from her aunt, the ousted PM Sheikh Hasina
The former City minister Tulip Siddiq has said an arrest warrant issued against her in Bangladesh over allegations she illegally received a plot of land from her aunt, the country’s ousted former prime minister, is a “politically motivated smear campaign”.
Speaking to reporters on Monday, the Hampstead and Highgate MP said: “No one from the Bangladeshi authorities has contacted me. The entire time they’ve done trial by media. My lawyers proactively wrote to the Bangladeshi authorities, they never responded.
Continue reading...Former City minister accused of illegally receiving plot of land from her aunt, ousted PM Sheikh Hasina
An arrest warrant for the former City minister Tulip Siddiq has been issued in Bangladesh with a new allegation accusing her of illegally receiving a plot of land from her aunt, the ousted former prime minister Sheikh Hasina.
Bangladeshi media reported the warrant was issued by a judge for 53 people connected to Hasina, including Siddiq. There is no formal extradition treaty between the UK and Bangladesh.
Continue reading...China has dramatically increased military activities around Taiwan, with more than 3,000 incursions into Taiwan's airspace in 2024 alone. Amy Hawkins examines how Beijing is deploying 'salami-slicing' tactics, a strategy of gradual pressure that stays below the threshold of war while steadily wearing down Taiwan's defences. From daily air incursions to strategic military exercises, we explore the four phases of China's approach and what it means for Taiwan's future
Continue reading...
The European Space Agency's (ESA) Director of Human and Robotic Exploration, Daniel Neuenschwander, and the Japan Aerospace Exploration Agency's (JAXA) Vice President for Exploration and Human Spaceflight, Mayumi Matsuura, have signed a new statement of intent focused on Moon and Mars activities. This statement marks their intention towards a step forward in space exploration cooperation between ESA and JAXA, and lays the groundwork for expanded collaboration between the two agencies in advancing science, technology and international partnerships.
Two students traveling on spring break were arrested and charged with assault in Copenhagen, police say
Two American college students traveling for spring break were arrested in Copenhagen, charged with assault, and held in a Danish prison for two weeks following an alleged dispute with an Uber driver, Danish police said.
The family of Owen Ray, a 19-year-old studying at Miami University in Ohio, said he and an unnamed friend have been forced to forfeit their passports and remain in the country.
Continue reading...The actor’s take on a damaged young soul fighting for autonomy is a punchy, watchable delight. The second season is slower and narrower in scope, but it is just as gutsy and thoughtful
Season one of The Last of Us was a lot. It must have surprised some viewers to find that an adaptation of a video game was among the best dramas of 2023 – although it wasn’t too unexpected for anyone who noticed that it was co-created by Craig Mazin, writer of the magnificent Chernobyl. More to the point, The Last of Us was relentless, constantly shifting and weaving to deliver devastation and heartbreak in brutal new ways. On its return for a second season, it has earned the right to take a breath and slow down.
A quick recap. A fungus-based pandemic has splintered civilisation as we know it, turning the millions of “infected” into groaning, lurching sub-humans who are not undead but are still monsters whose only impulse is to bite the healthy. Joel (Pedro Pascal), a man whose 14-year-old daughter died at the start of the outbreak 20 years ago, has travelled from Massachusetts to Wyoming with Ellie (Bella Ramsey), who was also 14 when they met and is one of the very few who are immune to the fungal lurgy. Season one’s cross-country odyssey ended with the conclusion of Joel’s quest to deliver Ellie to a resistance group who were working on a cure; when he realised the procedure would involve experimenting on Ellie’s brain, sacrificing her for the good of humanity, he killed everyone in the building to save his adopted child.
Continue reading...Steve and Dave Jolliffe plan to open first Poolhouse in London next year
Pool sharks could soon be playing a digitally enhanced version of the bar-room sport, after the British founders of the competitive leisure venues Topgolf and Puttshack raised $34m (£25m) to turn the game hi-tech.
The venture is the latest attempt to offer a technological twist on traditional competitive pastimes alongside food and drink to attract younger audiences who want more than a pint in the pub.
Continue reading...Almost 4,600 fewer people went to the US in March compared with the same time last year, according to government data
Australians are increasingly avoiding travel to the US under Donald Trump’s second presidency, fresh data shows, with forecasters expecting tourist numbers to plummet further throughout the year.
Official statistics from the US International Trade Administration reveal the number of visitors from Australia in March 2025 was down by 7% compared with March 2024 – a reduction of 4,559 people.
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Continue reading...This week: top tips for buying preloved; the best secateurs, tested; and genuinely great-smelling diffusers
While waiting for a show during London fashion week in February, I and a few fashion writers, stylists and editors were admiring each other’s outfits. Surprise, surprise, we discovered that the pieces we loved most were preowned (and largely from charity shops, I might add).
It’s no secret that industry insiders love secondhand fashion: Kate Moss is known for her love of vintage; British Vogue recently hosted a vintage sale in collaboration with eBay; celebrities such as Zendaya, Kendall Jenner and Miley Cyrus are turning to archive looks for their red carpet appearances; even Selfridges now offers Reselfridges, a range of preloved designer bags and accessories.
The best secateurs to save you time and effort when pruning your garden, tested
The best diffusers for your home: 22 genuinely great-smelling diffusers for every mood and budget
The best power banks and battery packs for reliable charging on the go, tested
‘Very pale and oddly wrinkly’: the best (and worst) supermarket hot cross buns for Easter, tested
Continue reading...If you have changed your travel plans about travelling to the US, we’d like to hear from you
According to the US National Travel and Tourism Office, overseas visits to the country was down 11.6% in March compared to the same month last year.
We’re interested in finding out more about your views of travelling to the US. Have you recently changed your travel plans or decided not to travel to the US? Or perhaps you have booked a trip this year or are planning to visit in the near future? Whatever your reasons for travelling, or not, we’d like to hear from you.
Continue reading...A local food writer selects places to eat that offer a flavour of Lisbon’s fast-evolving restaurant scene
This fun, welcoming restaurant – a renovated tavern with traditional tiled floor in the Santa Apolónia neighbourhood – focuses on the flavours of the Algarve. Chef Bertílio Gomes’s family comes from this southern region, and his seasonal, constantly changing menu features dishes such as octopus with sweet potato and razor-clam soup, which evoke balmy summer days and demand a chilled glass of rosé. Daily specials (available only at lunchtime) might be a bifana (pork sandwich) or duck rice. Mains start at €17.
Closed Sun and Mon, Tues dinner only, tabernaalbricoque.eatbu.com
Twenty years after Concorde was grounded, a new wave of ‘quiet’ supersonic aircraft are in development – but not everyone welcomes the return of this costly, carbon-intensive technology
When I call Blake Scholl from New York, he says it’s a shame we couldn’t have met at his office in Colorado. If only there were a supersonic jet that could cruise at 1.7 times the speed of sound, and get me there two hours quicker than the typical JFK-to-Denver route.
There soon might be. Scholl is the CEO of Boom Supersonic, a company betting that ordinary civilians want to shoot across the sky at 1,100 miles (1,700 kilometres) per hour. After the pandemic brought a slump to the skies, air travel has returned to its former levels, and in-person business events are back on track. As a faster option for these travellers, Boom is developing its breakneck jets to be operational by 2029 – nearly a quarter century after Concorde landed its last plane.
Continue reading...Imagine that all of us—all of society—have landed on some alien planet and need to form a government: clean slate. We do not have any legacy systems from the United States or any other country. We do not have any special or unique interests to perturb our thinking. How would we govern ourselves? It is unlikely that we would use the systems we have today. Modern representative democracy was the best form of government that eighteenth-century technology could invent. The twenty-first century is very different: scientifically, technically, and philosophically. For example, eighteenth-century democracy was designed under the assumption that travel and communications were both hard...
Daughter of Peter and Barbie Reynolds, 79 and 75, says they have ‘no idea’ why they have been in jail for two months
An elderly British couple taken captive by the Taliban have been interrogated 29 times since they were imprisoned more than two months ago, and still have “absolutely no idea” why they have been incarcerated, their daughter has said.
No charges have been brought against Peter Reynolds, 79, and his wife, Barbie, 75, who ran school training programmes and were arrested alongside an American friend, Faye Hall, as they travelled to their home in Bamyan province, in central Afghanistan, in February.
Continue reading...Students from Muslim-majority countries as well as Asia and Africa are having their visas revoked with little or no explanation.
The post Trump Appears to Be Targeting Muslim and “Non-White” Students for Deportation appeared first on The Intercept.
Just weeks away from graduation, some international students at Arizona State University have been blocked from completing degrees.
The post At Least 50 Arizona State Students Have Now Had Visas Revoked, Lawyer Says appeared first on The Intercept.
From biking adventures to city breaks, get inspiration for your next break – whether in the UK or further afield – with twice-weekly emails from the Guardian’s travel editors. You’ll also receive handpicked offers from Guardian Holidays.
From biking adventures to city breaks, get inspiration for your next break – whether in the UK or further afield – with twice-weekly emails from the Guardian’s travel editors.
You’ll also receive handpicked offers from Guardian Holidays.
Continue reading...From The Last of Us to Fallout, the days of ropey dramas stemming from consoles is over. Television insiders open up about why high-end shows and gaming now go hand-in-hand
Two teenagers plan how to dispatch their latest undead enemy: a kill-shot to the head, or a knife in the side of the neck? One of them throws a glass bottle, distracting their prey. Then she goes in for the kill with all the breezy confidence of a kid playing a video game on easy.
It’s a rare moment of playfulness in the second-season opener of The Last of Us, a show that generally takes its storytelling deadly seriously. While the wildly lucrative Minecraft movie strip-mines its IP for laughs, this celebrated HBO series, adapted from the PlayStation titles of the same name, is as focused on taut character drama as the thrills and spills of the zombie genre.
Continue reading...
Non-fungible tokens (NFTs) are the most popular digital assets today, capturing the attention of cryptocurrency investors, whales and people from around the world. People find it amazing that some users spend thousands or millions of dollars on a single NFT-based image of a monkey or other token, but you can simply take a screenshot for free. So here we share some freuently asked question about NFTs.
NFT stands for non-fungible token, which is a cryptographic token on a blockchain with unique identification codes that distinguish it from other tokens. NFTs are unique and not interchangeable, which means no two NFTs are the same. NFTs can be a unique artwork, GIF, Images, videos, Audio album. in-game items, collectibles etc.
A blockchain is a distributed digital ledger that allows for the secure storage of data. By recording any kind of information—such as bank account transactions, the ownership of Non-Fungible Tokens (NFTs), or Decentralized Finance (DeFi) smart contracts—in one place, and distributing it to many different computers, blockchains ensure that data can’t be manipulated without everyone in the system being aware.
The value of an NFT comes from its ability to be traded freely and securely on the blockchain, which is not possible with other current digital ownership solutionsThe NFT points to its location on the blockchain, but doesn’t necessarily contain the digital property. For example, if you replace one bitcoin with another, you will still have the same thing. If you buy a non-fungible item, such as a movie ticket, it is impossible to replace it with any other movie ticket because each ticket is unique to a specific time and place.
One of the unique characteristics of non-fungible tokens (NFTs) is that they can be tokenised to create a digital certificate of ownership that can be bought, sold and traded on the blockchain.
As with crypto-currency, records of who owns what are stored on a ledger that is maintained by thousands of computers around the world. These records can’t be forged because the whole system operates on an open-source network.
NFTs also contain smart contracts—small computer programs that run on the blockchain—that give the artist, for example, a cut of any future sale of the token.
Non-fungible tokens (NFTs) aren't cryptocurrencies, but they do use blockchain technology. Many NFTs are based on Ethereum, where the blockchain serves as a ledger for all the transactions related to said NFT and the properties it represents.5) How to make an NFT?
Anyone can create an NFT. All you need is a digital wallet, some ethereum tokens and a connection to an NFT marketplace where you’ll be able to upload and sell your creations
When you purchase a stock in NFT, that purchase is recorded on the blockchain—the bitcoin ledger of transactions—and that entry acts as your proof of ownership.
The value of an NFT varies a lot based on the digital asset up for grabs. People use NFTs to trade and sell digital art, so when creating an NFT, you should consider the popularity of your digital artwork along with historical statistics.
In the year 2021, a digital artist called Pak created an artwork called The Merge. It was sold on the Nifty Gateway NFT market for $91.8 million.
Non-fungible tokens can be used in investment opportunities. One can purchase an NFT and resell it at a profit. Certain NFT marketplaces let sellers of NFTs keep a percentage of the profits from sales of the assets they create.
Many people want to buy NFTs because it lets them support the arts and own something cool from their favorite musicians, brands, and celebrities. NFTs also give artists an opportunity to program in continual royalties if someone buys their work. Galleries see this as a way to reach new buyers interested in art.
There are many places to buy digital assets, like opensea and their policies vary. On top shot, for instance, you sign up for a waitlist that can be thousands of people long. When a digital asset goes on sale, you are occasionally chosen to purchase it.
To mint an NFT token, you must pay some amount of gas fee to process the transaction on the Etherum blockchain, but you can mint your NFT on a different blockchain called Polygon to avoid paying gas fees. This option is available on OpenSea and this simply denotes that your NFT will only be able to trade using Polygon's blockchain and not Etherum's blockchain. Mintable allows you to mint NFTs for free without paying any gas fees.
The answer is no. Non-Fungible Tokens are minted on the blockchain using cryptocurrencies such as Etherum, Solana, Polygon, and so on. Once a Non-Fungible Token is minted, the transaction is recorded on the blockchain and the contract or license is awarded to whoever has that Non-Fungible Token in their wallet.
You can sell your work and creations by attaching a license to it on the blockchain, where its ownership can be transferred. This lets you get exposure without losing full ownership of your work. Some of the most successful projects include Cryptopunks, Bored Ape Yatch Club NFTs, SandBox, World of Women and so on. These NFT projects have gained popularity globally and are owned by celebrities and other successful entrepreneurs. Owning one of these NFTs gives you an automatic ticket to exclusive business meetings and life-changing connections.
That’s a wrap. Hope you guys found this article enlightening. I just answer some question with my limited knowledge about NFTs. If you have any questions or suggestions, feel free to drop them in the comment section below. Also I have a question for you, Is bitcoin an NFTs? let me know in The comment section below
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