Abstract Realm Additional Sale
Abstract Realm Additional Sale
Oct 20, 2022 - Oct 26, 2022
Marketplace: OpenSea OpenSea
Blockchain: Ethereum Ethereum

The Abstract Realm is a series of 1,000 exclusive NFTs available on the Ethereum blockchain. Each piece is a generative artwork that incorporates vivid colors and geometric shapes to create an abstract masterpiece inspired by some of the most renowned abstract artists throughout history. The project was launched in 2021 and will remain a vital part of the NFT community as technology continues to evolve. Abstract Realm has ambitions to work with cutting-edge NFT display providers to exhibit these digital artworks in virtual galleries across the metaverse. Along with creating an exceptional collection, the Abstract Realm team aims to have a positive impact on the world. A percentage of the proceeds from secondary sales will be contributed to charitable organizations committed to safeguarding and preserving the planet's natural environment for future generations.

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Explanation of the Key Terms

NFTs

NFTs, or non-fungible tokens, are a type of digital asset that represent ownership of a unique item on a blockchain. These tokens provide a secure and transparent way to prove ownership and authenticity of digital items, such as art or music, and are becoming increasingly popular in the entertainment and collectibles industries.

Ethereum Blockchain

The Ethereum blockchain is a decentralized, open-source platform that allows developers to build and deploy decentralized applications, or dApps. Ethereum has its own cryptocurrency called Ether, which is used to pay for transaction fees and computational services on the network. The platform is built on a smart contract system, which allows for the creation of programmable agreements that are self-executing and enforceable. The Ethereum blockchain has become popular among developers and businesses looking to create decentralized applications and smart contracts.

Blockchain

Blockchain is a decentralized digital ledger that records and verifies transactions in a secure and transparent way. It is a distributed database that allows multiple users to access and update the ledger without the need for a central authority. Each block in the chain contains a unique digital signature, called a hash, that links it to the previous block, creating a chronological and tamper-proof record of all transactions. Blockchain technology has the potential to revolutionize industries by enabling secure and transparent peer-to-peer transactions without the need for intermediaries, reducing costs and increasing efficiency.

Metaverse

Metaverse is a term used to describe a virtual world that is created by the convergence of multiple technologies such as augmented reality, virtual reality, blockchain, and the internet of things. It is a digital universe that provides users with a fully immersive and interactive experience. Metaverse allows individuals to create their own avatars and engage with other users in a shared virtual space. It has the potential to revolutionize the way we interact with each other and conduct business in the digital age. The metaverse has already gained popularity in the gaming industry, but its potential applications go far beyond that. From education to healthcare, the metaverse has the potential to transform how we experience the world around us.

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