NFTs
Out of context: Reply #5
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- ESKEMA2
The point of an NFT, is digital ownership of a digital item, unique or in limited supply, or simply as an authentication mechanism.
In simpler terms, imagine you can buy a sword on a game, that is really unique, but instead of just beeing in game, it is connected to your wallet and you can sell it / transfer it, and maybe that sword also works in other games, etc.
In the art world, it can combine proof of ownership and the art itself. You can for example issue a token when you sell an art piece, so you have cryptographic proof that you own an original, or the art itself might be contained in an NFT, or require that you have a certain NFT for the art to operate or whatever you can imagine.
In the short term, it is people abusing the vast amount of money thrown into the space. Huge opportunity for the art / design / media creator space.
Art = Collection
This batch is part of the first generation of NFTs, I'd imagine collectors of the future might be interested in some of those...
- Once minted, that item will also make you money in royalties with every resale.dopepope
- Meta verse here we come.jtb26
- what's interesting is the best use case for this is actually LEGO... Securing one of a kind LEGO model kits in limited numbers like the LEGO Creator Kits.jonny_quest_lives
- fortunately for us though LEGO is so nice they post all their instructions so you can build any of their released sets you're just responsible for the partsjonny_quest_lives
- Thx for this eskema.sea_sea