NFTs Are More Than Just JPEGs. They Are The Future Of Community, Access, And Ownership

NFTs offer the promise of scarcity and authenticity for digital goods. NFTs aren’t the only way to create scarcity and authenticity online — trusted, centralized entities such as banks (and platforms such as Twitter and Apple) do it within their verticals, and blockchain tech is evolving to address myriad environmental and security concerns. So the... See more

In the future, purchasing an NFT will entitle the owner to certain rights related to its content: the right to own and keep; the right to sell, license, and lend; as well as the right to royalties, the right to confer reuse (i.e. “movie rights”), and so on. That’s why taking a photograph of the Mona Lisa is not the same as actually owning Leonardo ... See more

Anyone who hasn’t stepped foot in one of these festivals might think “there’s no scarcity in digital art because you can right click save the jpeg.” But what the right clickers don’t get, is that this will be both technically and socially impossible in the metaverse, where digital art, avatars, land, etc. are all seamlessly tied to blockchain recei... See more