New Internet logic

As more of our lives move online, the ability to own scarce digital items is only becoming more important, and the NFT-based digital asset market will increasingly mirror the luxury market. An authentic Birkin bag is able to fetch prices hundreds of times higher than the exact same bag in knock-off form because owning the real thing says something ... See more

Now that the supply chain for creators is getting digitized, you can mint an NFT instead of having a factory produce a physical item. I think that enables participation in commerce and the ability to build global commerce businesses at a massive scale where the only real barrier is creativity and ideas.

That’s a 100x improvement over how most virtual goods are bought today - through centralized, siloed platforms like gaming giants where scarcity is in the eye of the gamemaker alone. Contrast that with NFTs, which 1) connect users to a universe of creators 2) for lower fees while 3) giving both parties provable ownership of their virtual assets acr... See more

NFTs are new keys to internet: NFTs (non-fungible tokens) are a special kind of crypto asset where each token is unique. They authenticate ownership of any kind of digital asset. NFTs represent more than unique digital objects, they are objects described by code. As such they become programmable keys to media and gaming communities.