According to Investopedia, ‘nonce’ is an arbitrary number that can only be used once in cryptographic communication, and refers to the first number that a blockchain miner receives before it resolves a blockchain block. A crypto miner is considered a hard-to-find carrier and is often used as part of two-factor authentication and other applications.
In the UK guard, non is also another term for a pedophile, usually an abusive or derogatory currency. So when a new NFT company revealed its name as Nonce Finance, the jokes started right away.
📢 @noncefinance is building on Polygon!
🚀 With Polygon, NFT users will be able to increase the liquidity of their NFTs by utilizing Nonce's fractionalization protocol that creates a seamless bridge between the NFT and ERC20 world.
— Polygon (@0xPolygon) July 2, 2021
Polygon, a cryptocurrency protocol framework and framework for building and connecting Ethereum-compatible blockchain networks, recently announced its partnership with Nonce Finance, the “NFT Distribution Protocol for Collectors and Creators” NFT will enhance the trading experience.
For those wondering what NFT is, this is a non-fungal token. It does not really help – in fact it is a digital certificate confirming a person’s ownership, whether it’s a tweet, GIF, a piece of digital art or anything else. They have garnered significant interest from investors, but from the outside it may seem in vain. You can read more about it here.
Nonce Finance: where your investment never reaches maturity. https://t.co/4eFfxlEmuz
— Dan (@JeSuisUnDan) July 5, 2021
Of course, Nonce Finance appeal to investors and market experts isn’t the reason it’s trending on Twitter — that’s the name. It is a pity that it has such a different definition outside encryption circles, but it is also inaccessible.
Comedy writer James Pelton wrote, ‘You all make fun of financial nuns, but it shows too much confidence in their abilities that they think you’d be willing to ignore the fact that their names imply that they are pedophiles. ‘Non-funding: The funding is so good you’ll soon stop asking… so why do you have a pedophile in your name,’ he said.
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Another user wrote, ‘Social media can be a terrible place sometimes and then it informs you that someone called their NFT company non finance and everything is forgiven.
That company naming itself ‘Nonce Finance’ has reminded me of the time a Scandinavian stationery company called ‘Locum’ chose this as their logo. pic.twitter.com/439ZIEsbak
— Amanda (@Pandamoanimum) July 5, 2021
‘A lot of people argue with me that non-financial funding is a really good name because it also has a cryptographic definition so you can ignore the pedophile stuff. I think they’re getting serious, ‘there are people who have watched the defense of the name.
‘This office is not only real, but specializes in NFT and actually buys the rights to the images. I would love to make a joke, but nothing I can do is more fun than facts, ‘wrote Wednesday.