Abubakar Usman Muhammad

@potentialmd

512 Following

95 Followers

Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

10/ 🎯 In Summary: NFTs are unique digital assets stored on blockchain They prove ownership, authenticity, and origin More than just art — they unlock new creator economies Still early, but deeply transformational tech Follow @potentialmd to keep learning Web3, one day at a time. Crypto doesn’t have to be confusing.

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

9/ 🚀 NFTs Beyond Art: Real estate titles Academic certificates Medical records DAO membership Soulbound tokens (non-transferable credentials) NFTs = the foundation for digital property rights.

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

8/ ⚠️ NFT Risks & Criticisms: Market hype and price speculation Many projects are low-effort cash grabs Environmental concerns (less now with PoS chains) Scams, rug pulls, and stolen art "Right-click save" memes misunderstand what NFTs are But the tech is sound — and use cases are evolving.

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

7/ ⚙️ How NFTs Work (Technically): Most use the ERC-721 or ERC-1155 standard Metadata (name, image, traits) is stored on-chain or IPFS Smart contracts handle minting, ownership, and transfers Every NFT is traceable from creation to current owner.

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

6/ 🎨 NFTs Empower Creators: Artists sell directly to fans Programmable royalties (e.g., 5% of every resale) No need for galleries, middlemen, or platforms This flips the creative economy upside down.

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

5/ 🔍 Example: You buy an NFT artwork on OpenSea. The token is minted and stored on Ethereum You own it in your wallet (provable on-chain) You can sell it, use it as a PFP, or display it in a digital gallery The file is public — the ownership is yours

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

3/ 🧱 What makes NFTs powerful: Proof of ownership (verifiable on-chain) Digital scarcity Interoperability across platforms (wallets, games, marketplaces) Creator royalties baked into code NFTs = programmable ownership.

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

4/ 🖼️ Common NFT Use Cases: Art (1/1s and collections like CryptoPunks, BAYC) Music (exclusive albums) Gaming (in-game items, skins, weapons) Tickets (proof-of-attendance, concerts, conferences) Identity (your Web3 profile, like ENS or Lens) And much more is coming.....

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

2/ 💡 What is an NFT? An NFT (Non-Fungible Token) is a unique digital asset stored on a blockchain. Unlike regular crypto (which is fungible — every ETH is the same), NFTs are one-of-a-kind or part of a limited collection. Think: collectibles, not currency.

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

🧵 What Are NFTs? — More Than Just Digital Art 1/ You’ve seen headlines like: “JPEG sold for $1M as an NFT!” But NFTs go far beyond overpriced pictures. Here’s a simple breakdown of what NFTs are, why they matter, and how they’re changing ownership forever 👇

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

3/ 🧱 What makes NFTs powerful: Proof of ownership (verifiable on-chain) Digital scarcity Interoperability across platforms (wallets, games, marketplaces) Creator royalties baked into code NFTs = programmable ownership.

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

What Are NFTs? — More Than Just Digital Art 1/ You’ve seen headlines like: “JPEG sold for $1M as an NFT!” But NFTs go far beyond overpriced pictures. Here’s a simple breakdown of what NFTs are, why they matter, and how they’re changing ownership forever 👇 2/ 💡 What is an NFT? An NFT (Non-Fungible Token) is a unique digital asset stored on a blockchain. Unlike regular crypto (which is fungible — every ETH is the same), NFTs are one-of-a-kind or part of a limited collection. Think: collectibles, not currency.

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

Let's yap even here to get some yaps

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

Here we go the deal it's done

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aerique pfp

But why? The Warpcast wallet doesn't show that.

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Nat Emodi pfp

If you’re building something big and ambitious and can’t clearly and specifically describe who the user is that you’re building for, and the steps taken to 100% validate their needs, you should stop everything and go figure that out.

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

How Ethereum Works — Beyond Just Crypto If Bitcoin is digital gold... Then Ethereum is the entire digital economy. 🧠🌐 It’s not just money — it’s a programmable blockchain. Let me explain. 🧩 https://x.com/PotentialMD/status/1913137114855907516?t=hDBjH5yC1cVGJ3cj_-01Fg&s=19

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Abubakar Usman Muhammad pfp

Abubakar Usman Muhammad

Since the market is so boring, the place is quite boring. Let us learn something valuable and important. In the coming days i will be sharing some content to educate ourselves with the following: • Crypto Basics • Airdrops • Week of DeFi • Tokenomics Explained You can find more details on my X account: @potentialmd https://x.com/PotentialMD/status/1911832413061398861?t=k7Fd1EP5IoJdQ3iv92ttrA&s=19

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Today marks my 1st Farcaster birthday 🥳 365 days ago my dear @rezabakhshi invited me to join Farcaster Every single day of this year has strengthened tons of valuable friendships, allowing me to share my art and thoughts while learning from this community. Thank you all for making my journey on Farcaster meaningful and enjoyable! 🫶🏻 Happy Birthday to Me! 🎂 Frame by @nikolaii.eth Face of Farcaster by @sayangel

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Philosophy Path

😌 Our reactions shape our experiences, so let's choose positivity over negativity ✨💪

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