Use-Cases of NFTs: A Framework

I don't feel a sense of unfulfilled promise with regards to NFTs at all. They are not a solution, but a canvas. I think if they are seen as a salve to musicians' problems, they will fall short every time. If they are used by artists in creative ways, more and more people will see that their true nature is that of a medium to play with. This is wher... See more

In the long run, the market will need to contend with the transaction and environmental costs currently associated with using crypto technology. We will also need to establish more explicit legal frameworks around NFT ownership, and clarify how NFTs relate to existing forms of ownership rights — especially around intellectual property. At the same ... See more

Other companies are exploring how NFTs could be used in establishing and recording people’s identity and reputation online. MIT recently started offering blockchain-based digital diplomas, which are effectively non-transferable NFTs. Meanwhile, both established players like Facebook (now Meta) and new ventures like POAP and koodos are providing way... See more