$2.4 billion, that's a lot of counting to do. We do not intend to numb you with numbers but that's the NFTs total market cap at the time of writing. This technology had taken the digital art, games, films, and music market by storm. In case you wonder how? Well, have you tried selling the best painting you had drawn lately? How was the experience? I bet the exhibition platform might have demanded a hefty sum in the form of commission. That's where NFTs make the difference. 

NFTs or Non-fungible tokens are unique asset classes that are not interchangeable. For example, you can exchange a $5 bill with another. However, NFTs do not work that way. They are unique and represent a sole existence. 

Users mint a token against a piece of collectible. It could be anything like a piece of art, music, or a movie. Whenever someone wants to take ownership of the asset, the NFT gets minted and transferred to that wallet address. In this way, that particular wallet address becomes its owner. He/she can intend to use the NFT in his/her way. For example, in the case of songs, the owner can wish to stream them based on payments. Whereas, in the case of paintings, the owner can break the painting into fragments and sell every piece as a separate item. All NFTs work as per specific standards. The Ethereum blockchain proposes ERC 721 and ERC 1155 to power up NFTs. 

Colored coins were erstwhile predecessors of NFTs. Despite that, they failed to drive value to stay sustainable within the NFT ecosystem. As a result, Memes ended up as the first claimant of NFTs. In 2017, Peperium became an effective marketplace to sell Meme NFTs. However, Cryptopunks laid the base for the next big NFT revolution. The project spearheaded by John Watkinson and Matt Hall allowed creating unique characters. As per the project, there will only be 10,000 unique characters to trade. Thus making them rare and valuable in the process.

The success of Cryptopunks encouraged new projects and token standards to evolve. Cryptokitty event made NFTs mainstream and we witness crazy profits trading NFTs now.

When you realize that a YouTube video named Charlie Bit a Finger Video selling for $760,999. At a certain point, you may say NFTs are a bubble. In reality, NFTs have the potential to further transform the digital realm. For example, Facebook rebranded to Meta. In 2021, lands in the Metaverse experienced exponential sales. With time, metaverse will go mainstream and be ready for adoption. At that point, NFTs will further broaden their scope to power up art, music, sports, and virtual assets. With the Web 3.0 model going mainstream, NFTs will turn pivotal as the craze for blockchain gamification becomes bigger. 

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What timeline are we living in? Well, we ain't so sure anymore. The latest iteration of the widely popular Windows operating system - Windows 11 was launched recently on Oct 05. Whilst it boosts many powerful and effective features - chief amongst them being improvements to the user interface, security, multi tasking, accessibility, input and display improvements. It was also displayed on Dubai's premier tourist attraction - the tallest building in the world Burj Khalifa itself. But that's not the most interesting part - that would be the bundled NFTs!

Windows 11 launch event came bearing gifts and participants (well you can still participate!) came with NFTs included, but these NFTs aren't exactly on blockchains that you know of. They were launched on a relatively unknown Eluv.io blockchain. Surprised? We are too! This is the first time that most of us must have heard of it. But it's there and all the bundled NFTs rest on that little known chain!

According to Eluvio, it's "The world’s first blockchain-backed 4K premium streaming and ticketing platform". It appears to be a Proof of Authority (POA) based blockchain, much like the Binance Smart Chain, which offers Ethereum Virtual Machine (EVM) compatibility and therefore support for ERC 751 / ERC 1155 NFT standards. It's designed for interoperability and it's possible to transfer the NFTs back to other blockchains from the native "Content Fabric".

Maybe, it's not exactly the thing that we were all hoping for. But it's a very important and significant development. It means that NFTs are fast becoming integral to the digital world and every other launch is now expected to come with them. We were able to locate around 8 NFTs that are bundled with Windows 11 launch and you might want to zoom in to see what they are about!

Windows 11 NFTs are actually discount / reward coupons from major OEMS and resellers such as Dell, Microsoft itself, AntOnline, Micro Center, Staples, Amazon, Best Buy, Costco, Walmart and Target. They can be redeemed in favor of the rewards and benefits on Eluvio. It's not very clear if they can be moved back to any other blockchain in their current form, but all of them seem to have a 10,000 cap per NFT. There's a possibility that you might be able to trade them on OpenSea in the future. So hurry up and grab one!